CLW vs SUZ vs GPK Stock Comparison

Clearwater Paper, Suzano and Graphic Packaging Holding Prices as of Oct 26, 2026 Peers: Industry group
CLW Clearwater Paper Corp
$19.20 -5.8% 1M -3.7% 1Y
Market cap
$219.02M
P/E
91.3x
Revenue (TTM)
$1.51B
Div. yield
–
Paper Packaging Basic Materials
SUZ Suzano S.A.
$8.81 +1.4% 1M -3.4% 1Y
Market cap
$10.99B
P/E
7.1x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
11 wins

Head to Head

11 decided of 12

Suzano leads on 11 of the 12 questions below (Suzano 11). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLWSUZGPKLeader
Larger companyMarket capitalisation $219.02M $10.99B $2.57B SUZ
Cheaper on earningsLower P/E, profitable companies only 91.3x 7.1x 13.3x SUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 6.2x 13.5x SUZ
Faster revenue growthRevenue growth, trailing twelve months -3.2% +0.7% +0.0% SUZ
More profitableNet margin, trailing twelve months 0.2% 17.2% 2.2% SUZ
Better return on capitalReturn on invested capital -1.3% 7.1% 4.3% SUZ
Less leveragedLower net debt / EBITDA 7.6x 3.1x 5.1x SUZ
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -3.7% -3.4% -49.2% SUZ
Better 5-year returnAnnualised price return, 5 years -14.3%/yr +0.2%/yr -15.1%/yr SUZ
Less volatileAnnualised volatility, 1 year 52.7% 29.9% 47.4% SUZ
Higher overall scoreMean of the five percentile scores vs peers 53/100 57/100 54/100 SUZ

Percentile Scorecard

CLWSUZGPK

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLWSUZGPK
Valuation 100 #1 of 16 90 #30 of 287 93 #2 of 16
Growth 40 #10 of 16 17 #223 of 267 0 #16 of 16
Profitability 36 #10 of 15 76 #59 of 239 71 #5 of 15
Financial Health 57 #7 of 15 30 #204 of 292 21 #12 of 15
Shareholder Returns 31 #10 of 14 71 #60 of 204 85 #3 of 14
Overall 53 57 54
  • CLW ranked among 17 companies in Packaging
  • SUZ ranked among 308 companies in Basic Materials
  • GPK ranked among 17 companies in Packaging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLWSUZGPKSPY
1 month -5.8%+1.4%-6.5% -0.8%
3 months +11.0%+7.0%-21.3% +3.5%
6 months +31.3%-3.2%-8.6% +7.0%
Year to date +10.3%-5.7%-41.8% +12.2%
1 year -3.7%-3.4%-49.2% +13.0%
3 years -44.4%-15.1%-58.1% +86.3%
3 years, per year -17.8%-5.3%-25.2% +23.1%
5 years -53.8%+0.8%-55.8% +68.6%
5 years, per year -14.3%+0.2%-15.1% +11.0%
10 years -63.9%+149.6%-29.5% +258.0%
10 years, per year -9.7%+9.6%-3.4% +13.6%

Risk

MeasureCLWSUZGPKSPY
Volatility, 1Y 52.7%29.9%47.4% 12.7%
Downside volatility, 1Y 50.6%27.9%48.0% 12.7%
Beta vs S&P 500, 1Y 0.920.640.89 1.00
Return / volatility, 1Y -0.07-0.11-1.04 1.02
Max drawdown, 5Y -77.8%-41.1%-73.0% -25.4%
From 52-week high -17.6%-23.1%-49.5% -1.8%
52-week high $23.30$11.46$17.37 $779.14
52-week low $12.44$7.67$8.24 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLWSUZGPK
P/E now vs peer median 129.1xmedian 19.3x 7.0xmedian 17.8x 13.4xmedian 19.3x
P/S now vs peer median 0.2xmedian 0.7x 1.2xmedian 1.8x 0.3xmedian 0.7x
EV/EBITDA now vs peer median 12.1xmedian 9.7x 5.8xmedian 9.9x 7.5xmedian 9.7x
P/FCF now vs peer median 5.5xmedian 15.7x 12.5xmedian 16.0x 13.7xmedian 15.7x
P/B now vs peer median 0.4xmedian 1.4x 1.2xmedian 1.8x 0.8xmedian 1.4x
PEG now vs peer median -1.87median 0.82 -0.19median 0.79 -0.39median 0.82

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLWSUZGPK
Revenue $1.51B $9.04B $8.64B
Gross profit $27.10M $2.58B $1.34B
Operating income -$24.30M $1.91B $504.00M
Net income $2.40M $1.56B $194.00M
Free cash flow $56.80M $888.28M $189.00M
EPS (diluted) $0.15 $1.25 $0.65
Cash & equivalents $35.70M $3.21B $205.00M
Total debt $567.40M $17.89B $5.67B
Shares (diluted) 16.13M 1.24B 296.70M
Enterprise value $20.72M -$7.34B $1.80B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLWSUZGPK
P/E 129.1x 7.0x 13.4x
P/FCF 5.5x 12.5x 13.7x
P/Operating cash flow 2.9x 3.5x 3.3x
P/S 0.2x 1.2x 0.3x
P/B 0.4x 1.2x 0.8x
P/Tangible book 0.4x 1.2x 1.0x
EV/EBITDA 12.1x 5.8x 7.5x
EV/EBIT -34.6x 12.6x 16.0x
EV/Revenue 0.6x 2.7x 0.9x
EV/FCF 14.8x 27.0x 42.6x
EV/Operating cash flow 8.0x 7.6x 10.2x
PEG (3Y EPS CAGR) -1.87 -0.19 -0.39

Growth

14 metrics
MetricCLWSUZGPK
Revenue growth (1Y) -3.2% 0.7% 0.0%
Revenue CAGR (3Y) 43.6% -1.5% -3.7%
Gross profit growth (1Y) -76.0% -23.8% -26.6%
Gross profit CAGR (3Y) 28.2% -17.1% -13.6%
Operating income growth (1Y) 62.7% -20.3% -45.9%
Operating income CAGR (3Y) -31.2% -30.5% -24.2%
Net income growth (1Y) -98.3% 11.8% -63.7%
Net income CAGR (3Y) -69.5% -29.7% -35.0%
EPS growth (1Y) -98.3% 14.2% -63.1%
EPS CAGR (3Y) -69.0% -36.5% -34.1%
Operating cash flow growth (1Y) 478.1% -11.0% 3.1%
Operating cash flow CAGR (3Y) -9.6% -13.2% -10.1%
Free cash flow growth (1Y) 142.2% -70.7% 147.8%
Free cash flow CAGR (3Y) -10.9% -47.6% -28.6%

Profitability

14 metrics
MetricCLWSUZGPK
Gross margin 1.8% 28.6% 15.5%
EBITDA margin 4.6% 46.0% 12.4%
Operating margin -1.6% 21.1% 5.8%
Pretax margin -3.2% 25.9% 2.9%
Net margin 0.2% 17.2% 2.2%
FCF margin 3.8% 9.8% 2.2%
Operating cash flow margin 7.0% 34.8% 9.2%
Return on equity 0.3% 16.6% 6.0%
Return on assets 0.1% 4.8% 1.7%
Return on invested capital -1.3% 7.1% 4.3%
Return on capital employed -2.1% 6.4% 5.3%
Asset turnover 0.9x 0.3x 0.7x
Cash conversion (OCF / net income) 43.8x 2.0x 4.1x
Stock comp / revenue 0.3% – 0.2%

Financial Health

11 metrics
MetricCLWSUZGPK
Debt / assets 31.9% 54.2% 48.6%
Debt / equity 0.7x 1.9x 1.8x
Net debt / EBITDA 7.6x 3.1x 5.1x
Debt / FCF 10.0x 20.1x 30.0x
Liabilities / assets 55.3% 70.9% 72.2%
Equity / assets 44.7% 29.1% 27.8%
Interest coverage – 1.4x 2.0x
Current ratio 1.5x 3.4x 1.4x
Quick ratio 0.4x 2.3x 0.5x
Cash ratio 0.1x 1.9x 0.1x
Altman Z-score 1.81 1.03 1.34

Shareholder Returns

7 metrics
MetricCLWSUZGPK
Dividend yield – 2.4% 5.0%
Net buyback yield 0.0% – –
Shareholder yield 0.0% 2.4% 5.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLWSUZGPK
Forward P/E – 6.2xFY2026 13.5xFY2026
EPS, next fiscal year $-3.74FY2026 $1.43FY2026 $0.65FY2026
EPS growth, next FY – -31.6%FY2026 -63.9%FY2026
EPS growth, the year after – -29.4% +44.6%
Revenue, next fiscal year $1.55BFY2026 $10.39BFY2026 $8.24BFY2026
Revenue growth, next FY -0.5%FY2026 +7.5%FY2026 -4.4%FY2026
Revenue growth, the year after +6.7% +11.4% +0.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLWSUZGPK
Held by institutions 88.7% 5.9% 100.0%
Institutions holding 134 136 499
Change in shares held, QoQ +9.9% +0.6% +5.3%
Institutions buying 85 77 322
Institutions selling 33 46 130
Buyers to sellers 2.58 1.67 2.48

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLWSUZGPK
CLW 1.00 0.15 0.46
SUZ 0.15 1.00 0.08
GPK 0.46 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLW, SUZ and GPK?

Suzano (SUZ) is the largest by market capitalisation: Clearwater Paper (CLW) $219.02M, Suzano (SUZ) $10.99B, Graphic Packaging Holding (GPK) $2.57B.

Which stock is cheaper, CLW, SUZ and GPK?

Suzano (SUZ) trades on the lowest price-to-earnings ratio (Clearwater Paper (CLW) 91.3x, Suzano (SUZ) 7.1x, Graphic Packaging Holding (GPK) 13.3x). On next year's consensus earnings, Suzano (SUZ) is cheapest (Suzano (SUZ) 6.2x, Graphic Packaging Holding (GPK) 13.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Suzano (SUZ) grew revenue fastest over the trailing twelve months: Clearwater Paper (CLW) -3.2%, Suzano (SUZ) +0.7%, Graphic Packaging Holding (GPK) +0.0%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (Clearwater Paper (CLW) 0.2%, Suzano (SUZ) 17.2%, Graphic Packaging Holding (GPK) 2.2%). On return on invested capital, Suzano (SUZ) leads (Clearwater Paper (CLW) -1.3%, Suzano (SUZ) 7.1%, Graphic Packaging Holding (GPK) 4.3%).

Which stock has performed better?

Over the past year Suzano (SUZ) returned the most: Clearwater Paper (CLW) -3.7%, Suzano (SUZ) -3.4%, Graphic Packaging Holding (GPK) -49.2%. Over five years, Suzano (SUZ) compounded fastest (Clearwater Paper (CLW) -14.3%/yr, Suzano (SUZ) +0.2%/yr, Graphic Packaging Holding (GPK) -15.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (Clearwater Paper (CLW) 52.7%, Suzano (SUZ) 29.9%, Graphic Packaging Holding (GPK) 47.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLW, SUZ and GPK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Suzano (SUZ) leads on 11. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.