Clearwater Paper Corporation (CLW) Stock Rises on Q4 2025 Earnings

Clearwater Paper Corporation (CLW) reported fourth-quarter 2025 revenue of $386.4 million, down 0.2% year‑over‑year, with gross profit of $17.2 million, up 17.0% year‑over‑year. Diluted earnings per share came in at $2.39, a decline of 79.9% versus the prior year, and net income attributable to common shareholders was $38.3 million, down 80.8% year‑over‑year. Results modestly exceeded consensus, with revenue versus the estimate of $383.4 million and EPS versus the estimate of -$0.48.

Revenue: $386.4 million (-0.2% YoY)

Cost of sales: $369.2 million (-0.9% YoY)

Gross profit: $17.2 million (+17.0% YoY)

Operating profit: $7.5 million (-147.8% YoY)

Net income attributable to common shareholders: $38.3 million (-80.8% YoY)

Cash flow and balance sheet highlights included:

Cash from operating activities: $5.0 million (down 114.3% YoY)

Purchases of property, plant and equipment: $14.9 million (down 54.9% YoY)

Cash and cash equivalents: $30.7 million (down 61.4% YoY)

Total liabilities: $763 million (down 7.5% YoY)

Market reaction: the stock moved higher after the release, with the price change since market close at 7.97%.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Clearwater Paper Corporation Insider Trading Activity

Clearwater Paper Corporation insiders have traded $CLW stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CLW stock by insiders over the last 6 months:

STEVE M BOWDEN (Sr. V.P.) sold 8,889 shares for an estimated $161,246

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Clearwater Paper Corporation Hedge Fund Activity

We have seen 62 institutional investors add shares of Clearwater Paper Corporation stock to their portfolio, and 103 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added 443,009 shares (+47.2%) to their portfolio in Q4 2025, for an estimated $7,708,356
ANCHOR CAPITAL MANAGEMENT COMPANY, LLC removed 285,053 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $5,917,700
BLACKROCK, INC. removed 264,441 shares (-15.7%) from their portfolio in Q4 2025, for an estimated $4,601,273
MILLENNIUM MANAGEMENT LLC added 221,029 shares (+158.1%) to their portfolio in Q4 2025, for an estimated $3,845,904
CASTLEKNIGHT MANAGEMENT LP removed 199,774 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $3,476,067
INVENOMIC CAPITAL MANAGEMENT LP added 169,880 shares (+113.0%) to their portfolio in Q4 2025, for an estimated $2,955,911
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 139,013 shares (+33.2%) to their portfolio in Q4 2025, for an estimated $2,418,826

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Clearwater Paper Corporation Analyst Ratings

Wall Street analysts have issued reports on $CLW in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

RBC Capital issued a "Outperform" rating on 10/29/2025
TD Cowen issued a "Buy" rating on 09/22/2025

To track analyst ratings and price targets for Clearwater Paper Corporation, check out Quiver Quantitative's $CLW forecast page.

Clearwater Paper Corporation Price Targets

Multiple analysts have issued price targets for $CLW recently. We have seen 3 analysts offer price targets for $CLW in the last 6 months, with a median target of $30.0.

Here are some recent targets:

Michael Roxland from Truist Securities set a target price of $21.0 on 01/20/2026
Matthew McKellar from RBC Capital set a target price of $30.0 on 10/29/2025
Sean Steuart from TD Cowen set a target price of $30.0 on 09/22/2025