SUZ vs CLW vs MERC Stock Comparison

Suzano, Clearwater Paper and Mercer International Prices as of Oct 27, 2026 Peers: Industry group
SUZ Suzano S.A.
$8.90 +2.4% 1M -2.4% 1Y
Market cap
$11.09B
P/E
7.1x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
9 wins
CLW Clearwater Paper Corp
$13.64 -33.1% 1M -29.7% 1Y
Market cap
$210.55M
P/E
87.7x
Revenue (TTM)
$1.51B
Div. yield
–
Paper Packaging Basic Materials

Head to Head

10 decided of 12

Suzano leads on 9 of the 12 questions below (Suzano 9, Mercer International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSUZCLWMERCLeader
Larger companyMarket capitalisation $11.09B $210.55M $8.20M SUZ
Cheaper on earningsLower P/E, profitable companies only 7.1x 87.7x 0.0x SUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 6.2x — — –
Faster revenue growthRevenue growth, trailing twelve months +0.7% -3.2% -4.8% SUZ
More profitableNet margin, trailing twelve months 17.2% 0.2% -27.9% SUZ
Better return on capitalReturn on invested capital 7.1% -1.3% -23.1% SUZ
Less leveragedLower net debt / EBITDA 3.1x 7.6x -6.8x MERC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 1.22% –
Better 1-year returnPrice return, last 12 months -2.4% -29.7% -95.0% SUZ
Better 5-year returnAnnualised price return, 5 years +0.3%/yr -20.3%/yr -58.8%/yr SUZ
Less volatileAnnualised volatility, 1 year 29.8% 62.8% 97.9% SUZ
Higher overall scoreMean of the five percentile scores vs peers 57/100 53/100 14/100 SUZ

Percentile Scorecard

SUZCLWMERC

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

AxisSUZCLWMERC
Valuation 91 #28 of 287 100 #1 of 16 20 #231 of 287
Growth 17 #222 of 266 40 #10 of 16 1 #264 of 266
Profitability 76 #58 of 236 36 #10 of 15 27 #172 of 236
Financial Health 30 #202 of 288 54 #7 of 14 8 #264 of 288
Shareholder Returns 72 #58 of 203 33 #9 of 13 13 #176 of 203
Overall 57 53 14
  • SUZ ranked among 308 companies in Basic Materials
  • CLW ranked among 17 companies in Packaging
  • MERC ranked among 308 companies in Basic Materials

Price Performance

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

Returns

PeriodSUZCLWMERCSPY
1 month +2.4%-33.1%-59.4% -0.2%
3 months +5.8%-22.1%-80.9% +3.9%
6 months -1.9%-8.1%-88.0% +8.2%
Year to date -4.7%-21.6%-93.4% +12.9%
1 year -2.4%-29.7%-95.0% +12.3%
3 years -14.3%-60.5%-98.4% +87.4%
3 years, per year -5.0%-26.6%-74.8% +23.3%
5 years +1.7%-67.7%-98.8% +67.9%
5 years, per year +0.3%-20.3%-58.8% +10.9%
10 years +155.7%-74.6%-98.4% +261.1%
10 years, per year +9.8%-12.8%-33.7% +13.7%

Risk

MeasureSUZCLWMERCSPY
Volatility, 1Y 29.8%62.8%97.9% 12.7%
Downside volatility, 1Y 27.9%69.8%115.0% 12.7%
Beta vs S&P 500, 1Y 0.640.811.87 1.00
Return / volatility, 1Y -0.08-0.47-0.97 0.97
Max drawdown, 5Y -41.1%-77.8%-99.3% -25.4%
From 52-week high -22.3%-41.5%-95.3% -1.2%
52-week high $11.46$23.30$2.79 $779.14
52-week low $7.67$12.44$0.12 $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.

MultipleSUZCLWMERC
P/E now vs peer median 7.1xmedian 18.1x 91.7xmedian 19.3x 0.0xmedian 18.1x
P/S now vs peer median 1.2xmedian 1.8x 0.1xmedian 0.7x 0.0xmedian 1.8x
EV/EBITDA now vs peer median 5.8xmedian 9.8x 10.8xmedian 9.4x -6.8xmedian 9.8x
P/FCF now vs peer median 12.7xmedian 15.5x 3.9xmedian 15.6x -0.1xmedian 15.5x
P/B now vs peer median 1.2xmedian 1.8x 0.3xmedian 1.4x -0.1xmedian 1.8x
PEG now vs peer median -0.19median 0.76 -1.33median 0.82 0.00median 0.76

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 monthsSUZCLWMERC
Revenue $9.04B $1.51B $1.86B
Gross profit $2.58B $27.10M $52.72M
Operating income $1.91B -$24.30M -$437.94M
Net income $1.56B $2.40M -$517.45M
Free cash flow $888.28M $56.80M -$154.18M
EPS (diluted) $1.25 $0.15 $-7.72
Cash & equivalents $3.21B $35.70M $78.78M
Total debt $17.89B $567.40M $1.95B
Shares (diluted) 1.24B 16.13M 67.04M
Enterprise value -$7.24B $12.25M -$440.02M

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
MetricSUZCLWMERC
P/E 7.1x 91.7x 0.0x
P/FCF 12.7x 3.9x -0.1x
P/Operating cash flow 3.6x 2.1x -0.1x
P/S 1.2x 0.1x 0.0x
P/B 1.2x 0.3x -0.1x
P/Tangible book 1.2x 0.3x -0.1x
EV/EBITDA 5.8x 10.8x -6.8x
EV/EBIT 12.6x -30.9x -4.3x
EV/Revenue 2.7x 0.5x 1.0x
EV/FCF 27.1x 13.2x -12.2x
EV/Operating cash flow 7.6x 7.2x -22.2x
PEG (3Y EPS CAGR) -0.19 -1.33 0.00

Growth

14 metrics
MetricSUZCLWMERC
Revenue growth (1Y) 0.7% -3.2% -4.8%
Revenue CAGR (3Y) -1.5% 43.6% -5.0%
Gross profit growth (1Y) -23.8% -76.0% -81.9%
Gross profit CAGR (3Y) -17.1% 28.2% -45.3%
Operating income growth (1Y) -20.3% 62.7% -5,891%
Operating income CAGR (3Y) -30.5% -31.2% -163.0%
Net income growth (1Y) 11.8% -98.3% -373.6%
Net income CAGR (3Y) -29.7% -69.5% -130.8%
EPS growth (1Y) 14.2% -98.3% -372.7%
EPS CAGR (3Y) -36.5% -69.0% -130.0%
Operating cash flow growth (1Y) -11.0% 478.1% -270.4%
Operating cash flow CAGR (3Y) -13.2% -9.6% -41.4%
Free cash flow growth (1Y) -70.7% 142.2% -261.2%
Free cash flow CAGR (3Y) -47.6% -10.9% -0.7%

Profitability

14 metrics
MetricSUZCLWMERC
Gross margin 28.6% 1.8% 2.8%
EBITDA margin 46.0% 4.6% -14.9%
Operating margin 21.1% -1.6% -23.6%
Pretax margin 25.9% -3.2% -29.7%
Net margin 17.2% 0.2% -27.9%
FCF margin 9.8% 3.8% -8.3%
Operating cash flow margin 34.8% 7.0% -4.6%
Return on equity 16.6% 0.3% –
Return on assets 4.8% 0.1% -27.0%
Return on invested capital 7.1% -1.3% -23.1%
Return on capital employed 6.4% -2.1% -33.3%
Asset turnover 0.3x 0.9x 1.0x
Cash conversion (OCF / net income) 2.0x 43.8x 0.2x
Stock comp / revenue – 0.3% 0.0%

Financial Health

11 metrics
MetricSUZCLWMERC
Debt / assets 54.2% 31.9% 104.3%
Debt / equity 1.9x 0.7x -19.9x
Net debt / EBITDA 3.1x 7.6x -6.8x
Debt / FCF 20.1x 10.0x -12.7x
Liabilities / assets 70.9% 55.3% 105.2%
Equity / assets 29.1% 44.7% -5.2%
Interest coverage 1.4x – -3.7x
Current ratio 3.4x 1.5x 1.3x
Quick ratio 2.3x 0.4x 0.6x
Cash ratio 1.9x 0.1x 0.1x
Altman Z-score 1.03 1.75 0.04

Shareholder Returns

7 metrics
MetricSUZCLWMERC
Dividend yield 2.4% – 0.0%
Net buyback yield – 0.0% –
Shareholder yield 2.4% 0.0% 0.0%
Payout ratio (earnings) – – -1.9%
Payout ratio (FCF) – – -6.5%
Dividend growth (1Y) – – -60.0%
Dividend CAGR (3Y) – – -26.1%

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.

ConsensusSUZCLWMERC
Forward P/E 6.2xFY2026 – –
EPS, next fiscal year $1.43FY2026 $-3.74FY2026 $-3.79FY2026
EPS growth, next FY -31.6%FY2026 – –
EPS growth, the year after -29.4% – –
Revenue, next fiscal year $10.39BFY2026 $1.55BFY2026 $2.02BFY2026
Revenue growth, next FY +7.5%FY2026 -0.5%FY2026 +7.9%FY2026
Revenue growth, the year after +11.4% +6.7% +10.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSUZCLWMERC
Held by institutions 5.9% 88.7% 63.8%
Institutions holding 136 134 67
Change in shares held, QoQ +0.6% +9.9% -11.3%
Institutions buying 77 85 27
Institutions selling 46 33 19
Buyers to sellers 1.67 2.58 1.42

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.

SUZCLWMERC
SUZ 1.00 0.10 0.01
CLW 0.10 1.00 0.08
MERC 0.01 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SUZ, CLW and MERC?

Suzano (SUZ) is the largest by market capitalisation: Suzano (SUZ) $11.09B, Clearwater Paper (CLW) $210.55M, Mercer International (MERC) $8.20M.

Which stock is cheaper, SUZ, CLW and MERC?

Suzano (SUZ) trades on the lowest price-to-earnings ratio (Suzano (SUZ) 7.1x, Clearwater Paper (CLW) 87.7x, Mercer International (MERC) 0.0x). 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: Suzano (SUZ) +0.7%, Clearwater Paper (CLW) -3.2%, Mercer International (MERC) -4.8%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (Suzano (SUZ) 17.2%, Clearwater Paper (CLW) 0.2%, Mercer International (MERC) -27.9%). On return on invested capital, Suzano (SUZ) leads (Suzano (SUZ) 7.1%, Clearwater Paper (CLW) -1.3%, Mercer International (MERC) -23.1%).

Which stock has performed better?

Over the past year Suzano (SUZ) returned the most: Suzano (SUZ) -2.4%, Clearwater Paper (CLW) -29.7%, Mercer International (MERC) -95.0%. Over five years, Suzano (SUZ) compounded fastest (Suzano (SUZ) +0.3%/yr, Clearwater Paper (CLW) -20.3%/yr, Mercer International (MERC) -58.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Suzano (SUZ) 0.00%, Clearwater Paper (CLW) 0.00%, Mercer International (MERC) 1.22%. Suzano (SUZ) and Clearwater Paper (CLW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (Suzano (SUZ) 29.8%, Clearwater Paper (CLW) 62.8%, Mercer International (MERC) 97.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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 9. 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.