Clearwater Paper (CLW) Operating Margin (2010 - 2026)
Clearwater Paper's (CLW) quarterly Operating Margin came in at 6.38% in Q2 2026, down 888.0% on a YoY basis from 0.81% in Q2 2025, and down 120.92% quarter-over-quarter from 2.89% in Q1 2026.
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Clearwater Paper (CLW) Operating Margin (2010 - 2026) Analysis & Trends
Clearwater Paper (CLW) has reported Operating Margin for 17 consecutive years, with 6.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 888.0% year-over-year to 6.38%; the trailing twelve-month figure through Jun 2026 stood at 5.41% (down 470.0% YoY), and the FY2025 full-year result was 2.71%, up 196.0% from the prior year.
- Operating Margin slipped to 6.38% in Q2 2026 per CLW's latest filing, from 2.89% in the prior quarter.
- Across five years, Operating Margin topped out at 16.24% in Q2 2023 and bottomed at 13.88% in Q3 2025.
- Historically, Operating Margin has averaged 1.42% across 5 years, with a median of 1.42% in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Margin surged 1991 bps in 2022, then tumbled 2986 bps in 2024.
- Over 5 years, Operating Margin stood at 3.91% in 2022, then sank by 77 bps to 0.89% in 2023, then slumped by 551 bps to 4.03% in 2024, then soared by 148 bps to 1.94% in 2025, then slumped by 429 bps to 6.38% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 6.38%, 2.89%, and 1.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 11.14% |
| 2 | Smurfit Westrock | 22.09 Bn | 21.41 Bn | 1.40 Bn | 3.85% |
| 3 | Packaging Corp Of America | 20.34 Bn | 19.74 Bn | 512.50 Mn | 11.70% |
| 4 | Sonoco Products | 4.79 Bn | 4.62 Bn | 392.38 Mn | 10.23% |
| 5 | Graphic Packaging Holding | 2.79 Bn | 2.58 Bn | 292.00 Mn | 4.34% |
| 6 | Ranpak Holdings | 340.39 Mn | 297.19 Mn | 34.50 Mn | -2.28% |
| 7 | Clearwater Paper | 318.41 Mn | 223.01 Mn | -10.40 Mn | -6.38% |
| 8 | Millennium Group International Holdings | 16.99 Mn | 10.12 Mn | - | - |
| 9 | Dss | 7.53 Mn | 2.38 Mn | - | -105.05% |
| 10 | It Tech Packaging | 2.22 Mn | -7.54 Mn | 2.02 Mn | -3.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.38% |
| Mar 31, 2026 | -2.89% |
| Dec 31, 2025 | 1.94% |
| Sep 30, 2025 | -13.88% |
| Jun 30, 2025 | 2.50% |
| Mar 31, 2025 | -1.06% |
| Dec 31, 2024 | -4.03% |
| Sep 30, 2024 | -0.31% |
| Jun 30, 2024 | -13.62% |
| Mar 31, 2024 | -0.31% |
| Dec 31, 2023 | 0.89% |
| Sep 30, 2023 | 7.42% |
| Jun 30, 2023 | 16.24% |
| Mar 31, 2023 | 13.39% |
| Dec 31, 2022 | 3.91% |
| Sep 30, 2022 | 9.08% |
| Jun 30, 2022 | 5.98% |
| Mar 31, 2022 | 6.74% |
| Dec 31, 2021 | 5.63% |
| Sep 30, 2021 | 3.06% |