CLW
Clearwater Paper Corporation
NYSEUSDEQUITY
Basic Materials
DELAYED
Neutral
+16/100
Last price
19.82
▼ 0.32 (1.59%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
20.27
Prev close
20.14
Day high
20.19
Day low
19.80
Volume
112.69K
Market cap
$319.65M
P/E (TTM)
—
52W range
11.73 – 23.59
Day trading desk
Gap from prior close
+0.65%
Prior close 20.14
VWAP
19.89
-0.34% from price
Relative volume
1.14×
Normal
Session range
2.58%
19.80 – 20.31
Position in range
4%
Near session low
ATR (14D)
0.87
4.38% of price
Prior day high
20.44
PDH
Prior day low
19.53
PDL
Bid / ask spread
—
Quote not published
Session volume
194.75K
Avg 170.52K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.22%
+0.3%
1M
-5.26%
-6.4%
3M
+30.31%
+25.8%
6M
+36.78%
+18.6%
YTD
+13.91%
-0.3%
1Y
-2.70%
-19.1%
3Y
-45.32%
-127.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on CLW open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
583.66K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 18, 26 | KITCH ARSEN S Chief Executive Officer |
STOCK | 9.15K | $135.75K | Direct |
| May 18, 26 | KITCH ARSEN S Chief Executive Officer |
STOCK | 9.15K | $0 | Direct |
| Feb 26, 26 | BARCKLEY REBECCA ANNE Officer |
STOCK | 4.34K | $0 | Direct |
| Feb 26, 26 | KITCH ARSEN S Chief Executive Officer |
STOCK | 83.62K | $0 | Direct |
| Feb 26, 26 | BOWDEN STEVE M Officer |
STOCK | 13.28K | $0 | Direct |
| Feb 26, 26 | BAKER SHERRI Chief Financial Officer |
STOCK | 15.22K | $0 | Direct |
| Feb 26, 26 | PASSARELLO MATHEW D Officer |
STOCK | 10.42K | $0 | Direct |
| Feb 26, 26 | ROME MARC D. General Counsel |
STOCK | 11.42K | $0 | Direct |
| Feb 26, 26 | AULIN, VIRGINIA LEE Officer |
STOCK | 9.99K | $0 | Direct |
| Feb 26, 26 | KRAJNIK SEAN M Officer |
STOCK | 10.71K | $0 | Direct |
| Nov 28, 25 | BOWDEN STEVE M Officer |
SELL | 8.89K | $161.25K | Direct |
| Jul 1, 25 | ROME MARC D. General Counsel |
STOCK | 2.31K | $0 | Direct |
| Mar 17, 25 | MOYES KARI G Officer |
SELL | 1.13K | $27.14K | Direct |
| Feb 27, 25 | MOYES KARI G Officer |
SELL | 2.78K | $74.23K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Fundamentals
Market cap$319.65M
Enterprise value$597.35M
Revenue (TTM)$1.52B
Gross profit$15.70M
EBITDA$25.40M
Net income$-85.00M
EPS (TTM)$-5.19
Free cash flow$-9.82M
Total cash$95.40M
Total debt$373.10M
Book value / share$49.24
Shares outstanding16.13M
Float15.56M
Short % of float4.33%
Dividend yield0.00%
Beta (5Y)0.33
Valuation & profitability ratios
Trailing P/E—
Forward P/E-22.61
PEG ratio3.21
Price / sales—
Price / book0.40
EV / revenue0.39
EV / EBITDA23.52
Gross margin1.03%
Operating margin-10.35%
Profit margin-3.24%
Return on equity-10.42%
Return on assets-2.67%
Debt / equity46.98
Current ratio2.29
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.56B | $1.38B | $1.14B | $1.20B | +12.4% |
| Operating revenue | $1.56B | $1.38B | $1.14B | $1.20B | +12.4% |
| Cost of revenue | $1.44B | $1.31B | $935.30M | $982.50M | +10.1% |
| Gross profit | $115.60M | $76.10M | $200.70M | $212.50M | +51.9% |
| Selling, general & admin | $99.80M | $116.30M | $120.30M | $110.90M | -14.2% |
| Total operating expense | $103.40M | $117.10M | $120.60M | $111.60M | -11.7% |
| Operating income | $12.20M | -$41.00M | $80.10M | $100.90M | +129.8% |
| Net interest income | -$16.90M | -$29.20M | -$9.60M | -$11.20M | +42.1% |
| Pre-tax income | -$60.10M | -$101.10M | $65.60M | $81.90M | +40.6% |
| Tax provision | -$7.10M | -$27.10M | $16.90M | $29.20M | +73.8% |
| Net income | -$18.60M | $196.30M | $107.70M | $46.00M | -109.5% |
| Net income to common | -$18.60M | $196.30M | $107.70M | $46.00M | -109.5% |
| Basic EPS | -1.15 | 11.70 | 6.39 | 2.71 | -109.8% |
| Diluted EPS | -1.15 | 11.70 | 6.30 | 2.68 | -109.8% |
| EBIT | -$43.60M | -$70.70M | $77.10M | $93.50M | +38.3% |
| EBITDA | $48.80M | -$900.00K | $117.80M | $134.10M | +5,522.2% |
| Basic shares | 16.17M | 16.78M | 16.86M | 16.98M | -3.6% |
| Diluted shares | 16.17M | 16.78M | 17.09M | 17.18M | -3.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $30.70M | $79.60M | $42.00M | $53.70M | -61.4% |
| Cash & short-term investments | $30.70M | $79.60M | $42.00M | $53.70M | -61.4% |
| Accounts receivable | $155.00M | $165.90M | $84.00M | $166.20M | -6.6% |
| Inventory | $281.70M | $258.00M | $161.20M | $324.00M | +9.2% |
| Total current assets | $526.00M | $545.40M | $564.10M | $586.30M | -3.6% |
| Property, plant & equipment | $1.00B | $1.02B | $360.70M | $1.02B | -2.1% |
| Goodwill & intangibles | $2.10M | $52.90M | $41.50M | — | -96.0% |
| Total assets | $1.59B | $1.68B | $1.67B | $1.70B | -5.4% |
| Total current liabilities | $216.20M | $320.40M | $286.00M | $312.00M | -32.5% |
| Current debt | $600.00K | $600.00K | $800.00K | $900.00K | 0.0% |
| Long-term debt | $345.50M | $281.60M | $439.90M | $564.90M | +22.7% |
| Total debt | $358.40M | $293.30M | $448.40M | $577.80M | +22.2% |
| Total liabilities | $763.00M | $824.70M | $1.00B | $1.13B | -7.5% |
| Retained earnings | $862.30M | $880.80M | $684.50M | $576.80M | -2.1% |
| Shareholder equity | $825.30M | $854.50M | $668.70M | $572.00M | -3.4% |
| Working capital | $309.80M | $225.00M | $278.10M | $274.30M | +37.7% |
| Net tangible assets | $823.20M | $801.60M | $627.20M | $572.00M | +2.7% |
| Shares issued | 16.57M | 16.57M | 16.48M | 16.76M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$18.60M | $196.30M | $107.70M | $46.00M | -109.5% |
| Depreciation & amortisation | $92.40M | $69.80M | $40.70M | $40.60M | +32.4% |
| Stock-based compensation | $3.80M | $5.60M | $9.90M | $12.70M | -32.1% |
| Change in working capital | -$99.60M | $21.60M | -$17.80M | -$16.40M | -561.1% |
| Operating cash flow | $12.30M | $61.40M | $190.70M | $150.20M | -80.0% |
| Capital expenditure | -$88.80M | -$116.60M | -$73.70M | -$33.50M | +23.8% |
| Investing cash flow | -$100.40M | $167.70M | -$73.70M | -$33.50M | -159.9% |
| Share buybacks | -$17.20M | -$10.00M | -$17.90M | -$5.00M | -72.0% |
| Financing cash flow | $39.30M | -$191.40M | -$129.40M | -$88.60M | +120.5% |
| Free cash flow | -$76.50M | -$55.20M | $117.00M | $116.70M | -38.6% |
| End cash position | $30.70M | $79.60M | $42.00M | $54.40M | -61.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $374.80M | $360.30M | $386.40M | $399.00M | $391.80M | +4.0% |
| Operating revenue | $374.80M | $360.30M | $386.40M | $399.00M | $391.80M | +4.0% |
| Cost of revenue | $385.20M | $361.20M | $369.20M | $380.20M | $348.80M | +6.6% |
| Gross profit | -$10.40M | -$900.00K | $17.20M | $18.80M | $43.00M | -1,055.6% |
| Selling, general & admin | $21.50M | $19.90M | $20.60M | $23.70M | $27.00M | +8.0% |
| Total operating expense | $22.20M | $20.50M | $19.70M | $23.70M | $28.50M | +8.3% |
| Operating income | -$32.60M | -$21.40M | -$2.50M | -$4.90M | $14.50M | -52.3% |
| Net interest income | -$5.00M | -$4.90M | -$4.80M | -$4.80M | -$4.00M | -2.0% |
| Pre-tax income | -$30.10M | -$16.50M | $2.50M | -$60.40M | $5.50M | -82.4% |
| Tax provision | -$8.60M | -$3.70M | -$800.00K | -$6.50M | $1.90M | -132.4% |
| Net income | -$21.50M | -$12.80M | $38.30M | -$53.30M | $2.70M | -68.0% |
| Net income to common | -$21.50M | -$12.80M | $38.30M | -$53.30M | $2.70M | -68.0% |
| Basic EPS | -1.33 | -0.80 | 2.39 | -3.30 | 0.17 | -66.3% |
| Diluted EPS | -1.33 | -0.80 | 2.39 | -3.30 | 0.17 | -66.3% |
| EBIT | -$25.10M | -$11.80M | $7.20M | -$55.90M | $9.40M | -112.7% |
| EBITDA | -$1.90M | $11.60M | $30.90M | -$32.20M | $32.40M | -116.4% |
| Basic shares | 16.13M | 16.08M | 16.04M | 16.14M | 16.22M | +0.3% |
| Diluted shares | 16.13M | 16.08M | 16.07M | 16.14M | 16.24M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $95.40M | $36.50M | $30.70M | $34.40M | $46.70M | — | +161.4% |
| Cash & short-term investments | $95.40M | $36.50M | $30.70M | $34.40M | $46.70M | — | +161.4% |
| Accounts receivable | $150.60M | $163.40M | $155.00M | $142.50M | $146.40M | — | -7.8% |
| Inventory | $260.80M | $269.70M | $281.70M | $283.20M | $283.90M | — | -3.3% |
| Total current assets | $532.00M | $522.10M | $526.00M | $487.90M | $510.10M | — | +1.9% |
| Property, plant & equipment | $978.80M | $986.50M | $1.00B | $1.02B | $1.03B | — | -0.8% |
| Goodwill & intangibles | — | — | $2.10M | $2.70M | $51.20M | $52.40M | — |
| Total assets | $1.57B | $1.57B | $1.59B | $1.56B | $1.64B | — | +0.1% |
| Total current liabilities | $232.30M | $200.40M | $216.20M | $232.40M | $259.10M | — | +15.9% |
| Current debt | $600.00K | $600.00K | $600.00K | $600.00K | $600.00K | — | 0.0% |
| Long-term debt | $360.50M | $360.50M | $345.50M | $335.50M | $328.50M | — | 0.0% |
| Total debt | $373.10M | $373.20M | $358.40M | $347.90M | $340.90M | — | -0.0% |
| Total liabilities | $777.20M | $756.10M | $763.00M | $778.40M | $804.00M | — | +2.8% |
| Retained earnings | $828.00M | $849.40M | $862.30M | $823.90M | $877.30M | — | -2.5% |
| Shareholder equity | $794.20M | $813.70M | $825.30M | $783.00M | $836.70M | — | -2.4% |
| Working capital | $299.70M | $321.70M | $309.80M | $255.50M | $251.00M | — | -6.8% |
| Net tangible assets | $794.20M | $813.70M | $823.20M | $780.30M | $785.50M | — | -2.4% |
| Shares issued | 16.13M | 16.57M | 16.57M | 16.57M | 16.57M | — | -2.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$21.50M | -$12.80M | $38.30M | -$53.30M | $2.70M | -68.0% |
| Depreciation & amortisation | $23.20M | $23.40M | $23.70M | $23.70M | $23.00M | -0.9% |
| Stock-based compensation | $1.80M | $600.00K | -$300.00K | $600.00K | $2.50M | +200.0% |
| Change in working capital | $72.50M | -$5.80M | -$46.00M | $21.30M | -$63.10M | +1,350.0% |
| Operating cash flow | $69.00M | $500.00K | $5.00M | $34.00M | -$28.20M | +13,700.0% |
| Capital expenditure | -$9.60M | -$9.10M | -$14.90M | -$18.30M | -$22.90M | -5.5% |
| Investing cash flow | -$9.60M | -$9.10M | -$14.40M | -$30.40M | -$22.90M | -5.5% |
| Share buybacks | -$100.00K | $0 | $0 | -$2.10M | -$4.20M | — |
| Financing cash flow | -$400.00K | $14.30M | $5.80M | -$15.80M | $53.70M | -102.8% |
| Free cash flow | $59.40M | -$8.60M | -$9.90M | $15.70M | -$51.10M | +790.7% |
| End cash position | $95.40M | $36.50M | $30.70M | $34.40M | $46.70M | +161.4% |
Options analytics
Put / call volume
0.01
Call-heavy session
Put / call open interest
0.08
Positioning, not flow
Max pain
7.50
-62.2% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
1.22K
Contracts, this expiry
Put volume
16
Contracts, this expiry
Heaviest call OI
30.00
12 contracts
Heaviest put OI
7.50
1 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -1.56 | -1.75 | -12.2% |
| Mar 2026 | -1.34 | -1.29 | +3.4% |
| Dec 2025 | -0.54 | -0.42 | +21.5% |
| Sep 2025 | -0.53 | -0.57 | -7.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.14 | 3 | $387.39M | -2.9% |
| Next quarter | -0.36 | 3 | $370.97M | -4.0% |
| Current year | -3.54 | 3 | $1.49B | -3.9% |
| Next year | -0.88 | 3 | $1.56B | +4.1% |
Analyst targets & ownership
Mean target$21.50
High target$25.00
Low target$20.00
Implied upside8.48%
Analyst count4
ConsensusNONE
Strong buy / Buy1 / 0
Hold3
Sell / Strong sell0 / 0
Held by insiders3.62%
Held by institutions90.17%
Institutions holding198
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
19.96
-0.73% from price
SMA 20
20.39
-2.79% from price
SMA 50
21.02
-5.70% from price
SMA 100
18.42
+7.57% from price
SMA 200
17.14
+15.64% from price
EMA 12
20.08
-1.27% from price
EMA 26
20.33
-2.51% from price
EMA 50
20.03
-1.03% from price
RSI (14)
44.8
Neutral
MACD (12,26,9)
-0.26
Hist -0.11
ATR (14)
0.87
4.38% of price
Realised vol 30D
31.7%
Annualised
Bollinger upper
21.89
20, 2σ
Bollinger lower
18.89
20, 2σ
50 / 200 cross
Golden
21.02 vs 17.14
Trend bias
Above 200
+15.64%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.90
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
31.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-39.4%
Peak to trough
Max drawdown 5Y
-77.8%
Peak to trough
ATR 14
0.87
4.38% of price
Beta (reported)
0.33
5Y monthly, from filing
Short interest
Shares short
683.78K
Prior 563.29K
Change vs prior
+21.4%
Shorts adding
% of float
4.33%
Normal
% of shares out
4.24%
Against total outstanding
Days to cover
4.8
Liquid
Float
15.56M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 11, 26 | B of A Securities | MAINTAINED | Neutral | Neutral |
| Jul 15, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Jul 2, 26 | B of A Securities | INITIATED | — | Neutral |
| Apr 29, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Apr 29, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Apr 15, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Feb 20, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Feb 19, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Jan 20, 26 | Truist Securities | INITIATED | — | Hold |
| Oct 29, 25 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Sep 22, 25 | TD Cowen | INITIATED | — | Buy |
| Jul 30, 25 | RBC Capital | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2:1
Split dateAug 29, 2011
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-21
Periodic Financial Reports
10-Q · 2026-07-28
Annual report of employee stock purchase
11-K · 2026-06-25
Offering Registrations
S-8 POS · 2026-05-19
Corporate Changes & Voting Matters
8-K · 2026-05-12
Periodic Financial Reports
10-Q · 2026-04-28
Proxy Statements
DEF 14A · 2026-03-27
Proxy Statements
PRE 14A · 2026-03-05
Headlines
Clearwater Paper (CLW) Refinances Debt Through 2031. Does More Time Mean a Stronger Balance Sheet?
Insider Monkey · 11d ago
Clearwater Paper refinances credit facilities with new loan package
Packaging Gateway · 15d ago
Clearwater Paper Replaces Existing Debt With new Term Loan, Revolver
MT Newswires · 16d ago
Clearwater Paper Refinances Debt and Secures New Credit Facility
Business Wire · 16d ago
--BofA Securities Adjusts Clearwater Paper Price Target to $25 From $24, Maintains Neutral Rating
MT Newswires · 26d ago
Clearwater Paper Releases 2026 Sustainability Report Highlighting Progress and Achievements
Business Wire · 28d ago
Zacks Industry Outlook Highlights Clearwater Paper, Mondi plc and Klabin
Zacks · 35d ago
3 Paper and Related Products Stocks to Watch Amid Industry Challenges
Zacks · 36d ago
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