CLWClearwater Paper Corp
Paperboard Mills
- Revenue
- $1.6B
- 12% YoY
- Operating margin
- -2.7%
- 42% YoY
- EBITDA
- $50M
- 42% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 22.2×
- $1.1B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowFired140% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $1.2B | $1.1B | $1.4B | $1.6B | 12% |
| Operating income | $12M | $99M | $78M | −$65M | −$42M | 35% |
| Net income | −$28M | $46M | $108M | $196M | −$19M | 109% |
| Operating cash flow | $96M | $150M | $191M | $61M | $12M | 80% |
| Capex | $38M | $34M | $74M | $117M | $89M | 24% |
| Stock-based comp | $9M | $13M | $10M | $6M | $4M | 32% |
| Buybacks | $0 | $5M | $18M | $10M | $17M | 72% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.