Clearwater Paper (CLW) Shares Outstanding (Diluted) (2010 - 2026)
Clearwater Paper's Shares Outstanding (Diluted) was 16.13 million in Q2 2026, down 0.7% from 16.24 million a year earlier but up 0.3% from the prior quarter.
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Analysis
Clearwater Paper (CLW) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Clearwater Paper came in at 16.17 million, down 3.6% from FY2024.
- Shares Outstanding (Diluted) has now declined for three consecutive years, with a five-year compound annual growth rate of -0.7% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 16.78 million in FY2024 (-1.8%), 17.09 million in FY2023 (-0.5%), 17.18 million in FY2022 (+2.5%) and 16.77 million in FY2021 (+0.3%).
- Quarterly Shares Outstanding (Diluted) has moved between 16.08 million (Q1 2026) and 17.18 million (Q4 2022) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) has declined for 14 straight quarters, with an average decline of 2.2% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q4 2022 (growth of 2.5%); the worst was Q4 2025 (a decline of 3.6%).
- Per Business Quant data, CLW's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 16.08 million (Q1 2026), 16.17 million (Q4 2025) and 16.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.14 Bn | 20.07 Bn | 1.40 Bn | 526.00 Mn |
| 2 | International Paper | 20.80 Bn | 16.70 Bn | 1.66 Bn | 529.50 Mn |
| 3 | Packaging Corp Of America | 20.43 Bn | 17.97 Bn | 512.50 Mn | 89.00 Mn |
| 4 | Amcor | 19.35 Bn | 14.78 Bn | 1.34 Bn | 463.80 Mn |
| 5 | Ball | 14.84 Bn | 11.86 Bn | 697.00 Mn | 267.14 Mn |
| 6 | Crown Holdings | 11.46 Bn | 8.79 Bn | 748.00 Mn | 109.80 Mn |
| 7 | Sonoco Products | 4.83 Bn | 3.83 Bn | 392.38 Mn | 99.78 Mn |
| 8 | Silgan Holdings | 3.67 Bn | 1.41 Bn | 294.88 Mn | 105.79 Mn |
| 9 | Graphic Packaging Holding | 2.68 Bn | 1.91 Bn | 292.00 Mn | 296.70 Mn |
| 10 | Clearwater Paper | 308.85 Mn | 111.85 Mn | -10.40 Mn | 16.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.13 Mn |
| Mar 31, 2026 | 16.08 Mn |
| Dec 31, 2025 | 16.17 Mn |
| Sep 30, 2025 | 16.24 Mn |
| Jun 30, 2025 | 16.24 Mn |
| Mar 31, 2025 | 16.38 Mn |
| Dec 31, 2024 | 16.78 Mn |
| Sep 30, 2024 | 16.62 Mn |
| Jun 30, 2024 | 16.66 Mn |
| Mar 31, 2024 | 16.90 Mn |
| Dec 31, 2023 | 17.09 Mn |
| Sep 30, 2023 | 16.90 Mn |
| Jun 30, 2023 | 16.96 Mn |
| Mar 31, 2023 | 17.04 Mn |
| Dec 31, 2022 | 17.18 Mn |
| Sep 30, 2022 | 17.09 Mn |
| Jun 30, 2022 | 17.08 Mn |
| Mar 31, 2022 | 17.07 Mn |
| Dec 31, 2021 | 16.77 Mn |
| Sep 30, 2021 | 16.97 Mn |
API Access
Clearwater Paper Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=CLW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=CLW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();