Valuation, from the filing
| Public float | $427.70M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $26.67 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 0.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
4.0× earnings today, against a median of 7.8× across 6 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-06-30 | $788.50M | 4.0× | |
| 2023-06-30 | $514.10M | 4.8× | |
| 2022-06-30 | $558.30M | 12.1× | |
| 2020-06-30 | $596.70M | 7.7× | |
| 2017-06-30 | $755.55M | 7.8× | |
| 2016-06-30 | $1.09B | 22.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
Clearwater Paper Corp (CLW) reported revenue of $1.51B and net income of $2.40M for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Clearwater Paper Corp’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $1.51B |
| Cost of revenue | $1.48B |
| Gross profit | $27.10M |
| Operating income | -$24.30M |
| Net income | $2.40M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | Unavailable |
| Income tax expense | -$16.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $82.90M |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $35.70M |
| Total assets | $1.78B |
| Current assets | $746.40M |
| Total liabilities | $982.00M |
| Current liabilities | $506.60M |
| Total equity incl. NCI | $794.20M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $249.80M |
| Accounts receivable | $162.80M |
| Goodwill | Unavailable |
| Long-term debt | $292.70M |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $105.10M |
| Capital expenditures | $48.30M |
| Investing cash flow | -$47.80M |
| Financing cash flow | $228.10M |
| Net change in cash | Unavailable |
| Stock-based compensation | $4.60M |
| Common dividends paid | Unavailable |
| Common share repurchases | $100.00K |
| Depreciation & amortization | $93.60M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | $56.80M |
| Gross margin | 1.8% |
| Operating margin | -1.6% |
| FCF margin | 3.8% |
| SBC / revenue | 0.3% |
| Current ratio | 1.47x |
| Revenue YoY growth | -3.2% |
| Net margin | 0.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 3.2% |
| Long-term debt / equity | 0.37x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CLW in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.