Clearwater Paper annual operating margin
2010
2011
2012
2013
2014
2020
2021
2022
2023
2024
2025
Clearwater Paper Operating Margin Growth & History (CLW)
Clearwater Paper's operating margin was −2.71% for fiscal 2025.
View full Clearwater Paper company overviewClearwater Paper annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −2.71% | +1.96 pp |
| 2024 | 2024-12-31 | −4.66% | −11.54 pp |
| 2023 | 2023-12-31 | 6.88% | −1.43 pp |
| 2022 | 2022-12-31 | 8.31% | +7.63 pp |
| 2021 | 2021-12-31 | 0.68% | −7.78 pp |
| 2020 | 2020-12-31 | 8.46% | +4.40 pp |
| 2014 | 2014-12-31 | 4.06% | −1.20 pp |
| 2013 | 2013-12-31 | 5.26% | −2.50 pp |
| 2012 | 2012-12-31 | 7.76% | +1.77 pp |
| 2011 | 2011-12-31 | 5.99% | −1.21 pp |
| 2010 | 2010-12-31 | 7.19% | — |
Clearwater Paper quarterly operating margin
Q2.10
Q3.10
Q1.11
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Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
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Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q1.17
Q2.17
Q3.17
Q1.18
Q2.18
Q3.18
Q1.19
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
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Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q1.23
Q2.23
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | −2.89% | −1.83 pp |
| Q4 2025 | 2025-12-31 | 1.94% | +5.97 pp |
| Q3 2025 | 2025-09-30 | −13.88% | −13.58 pp |
| Q2 2025 | 2025-06-30 | 2.50% | +16.12 pp |
| Q1 2025 | 2025-03-31 | −1.06% | −0.75 pp |
| Q4 2024 | 2024-12-31 | −4.03% | −11.45 pp |
| Q3 2024 | 2024-09-30 | −0.31% | −9.32 pp |
| Q2 2024 | 2024-06-30 | −13.62% | −21.19 pp |
| Q1 2024 | 2024-03-31 | −0.31% | −9.38 pp |
| Q3 2023 | 2023-09-30 | 7.42% | +1.44 pp |
| Q2 2023 | 2023-06-30 | 9.02% | +2.28 pp |
| Q1 2023 | 2023-03-31 | 7.58% | +1.92 pp |
| Q3 2022 | 2022-09-30 | 9.08% | +6.01 pp |
| Q2 2022 | 2022-06-30 | 5.98% | +19.91 pp |
| Q1 2022 | 2022-03-31 | 6.74% | +0.38 pp |
| Q4 2021 | 2021-12-31 | 5.66% | −3.60 pp |
| Q3 2021 | 2021-09-30 | 3.06% | −7.69 pp |
| Q2 2021 | 2021-06-30 | −13.93% | −23.96 pp |
| Q1 2021 | 2021-03-31 | 6.36% | +2.43 pp |
| Q4 2020 | 2020-12-31 | 9.26% | +9.79 pp |
| Q3 2020 · Sep 30 | 2020-09-30 | 10.76% | +7.37 pp |
| Q2 2020 · Jun 30 | 2020-06-30 | 10.03% | +6.67 pp |
| Q1 2020 · Mar 31 | 2020-03-31 | 3.93% | −7.06 pp |
| Q3 2020 · Sep 30 | 2019-09-30 | −0.54% | −4.79 pp |
| Q2 2020 · Jun 30 | 2019-06-30 | 3.38% | +0.74 pp |
| Q1 2020 · Mar 31 | 2019-03-31 | 3.36% | +2.15 pp |
| Q3 2019 | 2018-09-30 | 11.00% | +6.54 pp |
| Q2 2019 | 2018-06-30 | 4.25% | −0.43 pp |
| Q1 2019 | 2018-03-31 | 2.64% | +0.51 pp |
| Q3 2018 | 2017-09-30 | 1.21% | −7.99 pp |
| Q2 2018 | 2017-06-30 | 4.46% | −4.18 pp |
| Q1 2018 | 2017-03-31 | 4.69% | −4.37 pp |
| Q3 2017 | 2016-09-30 | 2.13% | −5.08 pp |
| Q2 2017 | 2016-06-30 | 9.20% | +5.69 pp |
| Q1 2017 | 2016-03-31 | 8.64% | +12.40 pp |
| Q3 2015 | 2015-09-30 | 9.06% | +0.45 pp |
| Q2 2015 | 2015-06-30 | 7.21% | +0.58 pp |
| Q1 2015 | 2015-03-31 | 3.51% | −0.72 pp |
| Q4 2014 | 2014-12-31 | −3.76% | −11.91 pp |
| Q3 2014 | 2014-09-30 | 8.60% | +4.74 pp |
| Q2 2014 | 2014-06-30 | 6.63% | +0.32 pp |
| Q1 2014 | 2014-03-31 | 4.23% | +1.52 pp |
| Q4 2013 | 2013-12-31 | 8.14% | +0.48 pp |
| Q3 2013 | 2013-09-30 | 3.86% | −4.42 pp |
| Q2 2013 | 2013-06-30 | 6.31% | −3.09 pp |
| Q1 2013 | 2013-03-31 | 2.71% | −2.89 pp |
| Q4 2012 | 2012-12-31 | 7.67% | +0.65 pp |
| Q3 2012 | 2012-09-30 | 8.28% | +3.21 pp |
| Q2 2012 | 2012-06-30 | 9.40% | +2.56 pp |
| Q1 2012 | 2012-03-31 | 5.60% | +0.55 pp |
| Q4 2011 | 2011-12-31 | 7.02% | −1.06 pp |
| Q3 2011 | 2011-09-30 | 5.07% | −5.78 pp |
| Q2 2011 | 2011-06-30 | 6.83% | — |
| Q1 2011 | 2011-03-31 | 5.05% | — |
| Q3 2010 | 2010-09-30 | 8.08% | — |
| Q2 2010 | 2010-06-30 | 10.85% | — |
Clearwater Paper operating margin trends
Over the last five reported fiscal years, Clearwater Paper's operating margin decreased from 8.46% to −2.71%, a change of −11.17 percentage points. The latest reported quarter, Q1 2026, shows −2.89%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Clearwater Paper filings at SEC.gov ↗