Clearwater Paper (CLW) Cost of Revenue (2010 - 2026)
Clearwater Paper (CLW) recorded Cost of Revenue of $363.7 million in Q3 2026, down 4.4% from $380.3 million a year earlier and down 5.6% from the prior quarter.
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Analysis
Clearwater Paper (CLW) Cost of Revenue (2010 - 2026) Analysis & Trends
On a TTM basis, Clearwater Paper's Cost of Revenue came in at $1.48 billion as of Sep 30, 2026, up 2.5% year-over-year; for FY2025, it came in at $1.44 billion, up 10.1% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of -1.8% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $1.31 billion in FY2024 (+39.8%), $935.3 million in FY2023 (-4.8%), $982.5 million in FY2022 (-38.2%) and $1.59 billion in FY2021 (+1.0%).
- Quarterly Cost of Revenue has ranged from -$349.5 million in Q4 2022 to $455.2 million in Q2 2022 over the past five years.
- On a year-over-year basis, Cost of Revenue rose in six of the last eight quarters, with growth averaging 16.0%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 60.0% in Q4 2024, against a decline of 49.8% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $385.2 million (Q2 2026), $361.2 million (Q1 2026) and $369.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.55 Bn | 20.58 Bn | 1.44 Bn | 6.72 Bn |
| 2 | Packaging Corp Of America | 22.79 Bn | 20.37 Bn | 603.90 Mn | 2.00 Bn |
| 3 | Amcor | 21.30 Bn | 16.71 Bn | 1.16 Bn | 4.97 Bn |
| 4 | International Paper | 18.82 Bn | 14.89 Bn | 1.93 Bn | 4.26 Bn |
| 5 | Ball | 17.82 Bn | 14.98 Bn | 709.00 Mn | 3.48 Bn |
| 6 | Crown Holdings | 13.42 Bn | 10.79 Bn | 724.00 Mn | 2.99 Bn |
| 7 | Sonoco Products | 5.08 Bn | 4.13 Bn | 405.32 Mn | 1.64 Bn |
| 8 | Silgan Holdings | 4.49 Bn | 2.30 Bn | 328.59 Mn | 1.71 Bn |
| 9 | Graphic Packaging Holding | 3.30 Bn | 2.31 Bn | 307.00 Mn | 1.89 Bn |
| 10 | Clearwater Paper | 212.16 Mn | 13.86 Mn | 21.20 Mn | 363.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 363.70 Mn |
| Jun 30, 2026 | 385.20 Mn |
| Mar 31, 2026 | 361.20 Mn |
| Dec 31, 2025 | 369.20 Mn |
| Sep 30, 2025 | 380.30 Mn |
| Jun 30, 2025 | 348.80 Mn |
| Mar 31, 2025 | 341.50 Mn |
| Dec 31, 2024 | 372.40 Mn |
| Sep 30, 2024 | 363.20 Mn |
| Jun 30, 2024 | 346.40 Mn |
| Mar 31, 2024 | 225.50 Mn |
| Dec 31, 2023 | 232.70 Mn |
| Sep 30, 2023 | 228.30 Mn |
| Jun 30, 2023 | 438.70 Mn |
| Mar 31, 2023 | 448.50 Mn |
| Dec 31, 2022 | -349.50 Mn |
| Sep 30, 2022 | 454.80 Mn |
| Jun 30, 2022 | 455.20 Mn |
| Mar 31, 2022 | 422.00 Mn |
| Dec 31, 2021 | 429.10 Mn |
API Access
Clearwater Paper Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CLW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CLW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CLW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();