Clearwater Paper (CLW)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from CLW's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Clearwater Paper's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.2B | $1.1B | $1.4B | $1.6B |
| Net income | -$28M | $46M | $108M | $196M | -$19M |
| Free cash flow | $58M | $117M | $117M | -$55M | -$76M |
| EPS (diluted) | -$1.67 | $2.68 | $6.30 | $11.70 | -$1.15 |
| Operating margin | 0.68% | 8.3% | 6.9% | -4.7% | -2.7% |
Where the revenue comes from
Revenue by segments, fiscal 2023. Every breakdown, year by year.
Superinvestors who own CLW
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Mason Hawkins Southeastern Asset Management |
Added | $24M | 1.3% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $7M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Clearwater Paper's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Clearwater Paper insiders buying the stock?
No open-market insider purchases of CLW in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Clearwater Paper?
2 of the superinvestors Investingly tracks hold CLW in their latest 13F, including Mason Hawkins, Cliff Asness.
Prices and ratios as of Oct 8, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.