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% YoY from 0.81% in Q2 2025, and down 120.92% on a QoQ basis from 2.89% in Q1 2026.
Clearwater Paper (CLW) Operating Margin (2010 - 2026) Analysis & Trends
Clearwater Paper (CLW) has 17 years of Operating Margin data on file, last reported at 6.38% in Q2 2026.
- Quarterly Operating Margin fell 888.0% year-over-year to 6.38% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 5.41% (down 470.0% YoY) and the FY2025 annual result came in at 2.71%, up 196.0% from the prior year.
- Operating Margin declined to 6.38% in Q2 2026, from 2.89% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 16.24% in Q2 2023 to a low of 13.88% in Q3 2025.
- A 5-year average of 1.42% and a median of 1.42% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 1991 bps — and 2024, when it slumped 2986 bps.
- Tracing CLW's Operating Margin over 5 years: stood at 3.91% in 2022, then tumbled by 77 bps to 0.89% in 2023, then plunged by 551 bps to 4.03% in 2024, then jumped by 148 bps to 1.94% in 2025, then plunged by 429 bps to 6.38% in 2026.
- The last three Operating Margin figures came in at 6.38% (Q2 2026), 2.89% (Q1 2026), and 1.94% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Suzano | 10.53 Bn | 5.34 Bn | 558.88 Mn | 24.06% |
| 2 | Sylvamo | 1.47 Bn | 1.28 Bn | 132.00 Mn | 3.72% |
| 3 | Clearwater Paper | 352.35 Mn | 256.95 Mn | -10.40 Mn | -6.38% |
| 4 | Mercer International | 28.71 Mn | -55.06 Mn | 10.48 Mn | -12.81% |
| 5 | It Tech Packaging | 2.38 Mn | -7.39 Mn | 2.02 Mn | -3.88% |
Historic Data
Download 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% |