Clearwater Paper (CLW) Operating Expenses (2010 - 2026)
Clearwater Paper's (CLW) quarterly Operating Expenses came in at $398.7 million in Q2 2026, up 4.34% on a YoY basis from $382.1 million in Q2 2025, and up 7.55% quarter-over-quarter from $370.7 million in Q1 2026.
Analysis
Clearwater Paper (CLW) Operating Expenses (2010 - 2026) Analysis & Trends
Clearwater Paper (CLW) has reported Operating Expenses for 17 consecutive years, with $398.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 4.34% year-over-year to $398.7 million; the trailing twelve-month figure through Jun 2026 stood at $1.6 billion (up 2.63% YoY), and the FY2025 full-year result was $1.6 billion, up 10.32% from the prior year.
- Operating Expenses climbed to $398.7 million in Q2 2026 per CLW's latest filing, from $370.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $494.9 million in Q2 2022 and bottomed at -$344.3 million in Q4 2022.
- Historically, Operating Expenses has averaged $355.4 million across 5 years, with a median of $392.9 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses sank 174.51% in 2022, then surged 177.32% in 2023.
- Over 5 years, Operating Expenses stood at -$344.3 million in 2022, then jumped by 177.32% to $266.2 million in 2023, then jumped by 51.28% to $402.7 million in 2024, then declined by 5.93% to $378.8 million in 2025, then grew by 5.25% to $398.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $398.7 million, $370.7 million, and $378.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 991.00 Mn |
| 2 | Smurfit Westrock | 22.15 Bn | 21.47 Bn | 1.40 Bn | 1.09 Bn |
| 3 | Packaging Corp Of America | 20.16 Bn | 19.57 Bn | 512.50 Mn | 179.30 Mn |
| 4 | Sonoco Products | 4.81 Bn | 4.64 Bn | 392.38 Mn | 202.18 Mn |
| 5 | Graphic Packaging Holding | 2.85 Bn | 2.64 Bn | 292.00 Mn | 186.00 Mn |
| 6 | Ranpak Holdings | 345.53 Mn | 302.33 Mn | 34.50 Mn | 36.20 Mn |
| 7 | Clearwater Paper | 321.07 Mn | 225.67 Mn | -10.40 Mn | 398.70 Mn |
| 8 | Millennium Group International Holdings | 17.10 Mn | 10.24 Mn | - | - |
| 9 | Dss | 7.48 Mn | 2.32 Mn | - | 7.39 Mn |
| 10 | It Tech Packaging | 2.20 Mn | -7.57 Mn | 2.02 Mn | 3.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 398.70 Mn |
| Mar 31, 2026 | 370.70 Mn |
| Dec 31, 2025 | 378.80 Mn |
| Sep 30, 2025 | 454.40 Mn |
| Jun 30, 2025 | 382.10 Mn |
| Mar 31, 2025 | 382.20 Mn |
| Dec 31, 2024 | 402.70 Mn |
| Sep 30, 2024 | 394.50 Mn |
| Jun 30, 2024 | 391.30 Mn |
| Mar 31, 2024 | 259.60 Mn |
| Dec 31, 2023 | 266.20 Mn |
| Sep 30, 2023 | 258.20 Mn |
| Jun 30, 2023 | 477.30 Mn |
| Mar 31, 2023 | 485.60 Mn |
| Dec 31, 2022 | -344.30 Mn |
| Sep 30, 2022 | 489.90 Mn |
| Jun 30, 2022 | 494.90 Mn |
| Mar 31, 2022 | 455.30 Mn |
| Dec 31, 2021 | 462.10 Mn |
| Sep 30, 2021 | 436.70 Mn |