Clearwater Paper (CLW) Return on Invested Capital [ROIC] (2011 - 2026)
Clearwater Paper's Return on Invested Capital [ROIC] came in at -5.73% for Q2 2026, down 5.04 percentage points from -0.69% a year earlier and down 2.14 percentage points from the prior quarter.
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Analysis
Clearwater Paper (CLW) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Clearwater Paper's Return on Invested Capital [ROIC] was -3.22%, up 0.99 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -12.86 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -4.20% in FY2024 (-9.37 pp), 5.16% in FY2023 (-0.42 pp), 5.58% in FY2022 (+4.80 pp) and 0.79% in FY2021 (-8.86 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q3 2019.
- Year-over-year, Return on Invested Capital [ROIC] increased in two of the last eight quarters, with an average year-over-year change of -4.41 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2022 (a gain of 6.36 percentage points), and the weakest in Q4 2024 (a drop of 10.87 percentage points).
- Business Quant data shows CLW's Return on Invested Capital [ROIC] at -3.59% (Q1 2026), -3.24% (Q4 2025) and -4.71% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 22.31 Bn | 19.24 Bn | 1.40 Bn | 3.13% |
| 2 | Packaging Corp Of America | 20.37 Bn | 17.90 Bn | 512.50 Mn | 9.07% |
| 3 | International Paper | 20.05 Bn | 15.94 Bn | 1.66 Bn | 7.47% |
| 4 | Amcor | 19.36 Bn | 14.79 Bn | 1.34 Bn | 6.12% |
| 5 | Ball | 14.92 Bn | 11.94 Bn | 697.00 Mn | 9.59% |
| 6 | Crown Holdings | 11.54 Bn | 8.86 Bn | 748.00 Mn | 12.67% |
| 7 | Sonoco Products | 4.82 Bn | 3.82 Bn | 392.38 Mn | 9.99% |
| 8 | Silgan Holdings | 3.68 Bn | 1.43 Bn | 294.88 Mn | 5.53% |
| 9 | Ardagh Metal Packaging | 2.66 Bn | 2.67 Bn | 238.00 Mn | 8.43% |
| 10 | Clearwater Paper | 319.49 Mn | 122.49 Mn | -10.40 Mn | -5.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.73% |
| Mar 31, 2026 | -3.59% |
| Dec 31, 2025 | -3.24% |
| Sep 30, 2025 | -4.71% |
| Jun 30, 2025 | -0.69% |
| Mar 31, 2025 | -4.36% |
| Dec 31, 2024 | -3.20% |
| Sep 30, 2024 | -1.98% |
| Jun 30, 2024 | -1.27% |
| Mar 31, 2024 | 5.23% |
| Dec 31, 2023 | 7.67% |
| Sep 30, 2023 | 6.41% |
| Jun 30, 2023 | 7.48% |
| Mar 31, 2023 | 6.03% |
| Dec 31, 2022 | 5.62% |
| Sep 30, 2022 | 7.88% |
| Jun 30, 2022 | 6.72% |
| Mar 31, 2022 | 1.27% |
| Dec 31, 2021 | 0.80% |
| Sep 30, 2021 | 1.52% |
API Access
Clearwater Paper Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=CLW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=CLW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();