Clearwater Paper annual operating margin
2009
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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% | +5.88 pp |
| 2019 | 2019-12-31 | 2.58% | +8.26 pp |
| 2018 | 2018-12-31 | −5.68% | — |
| 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% | −2.95 pp |
| 2009 | 2009-12-31 | 10.14% | — |
Clearwater Paper quarterly operating margin
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Q3.23
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −8.70% | −11.20 pp |
| 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% | +7.03 pp |
| Q3 2024 | 2024-09-30 | −0.31% | −7.73 pp |
| Q2 2024 | 2024-06-30 | −13.62% | −29.86 pp |
| Q1 2024 | 2024-03-31 | −0.31% | −13.70 pp |
| Q4 2023 | 2023-12-31 | −11.06% | — |
| Q3 2023 | 2023-09-30 | 7.42% | −1.65 pp |
| Q2 2023 | 2023-06-30 | 16.24% | +10.25 pp |
| Q1 2023 | 2023-03-31 | 13.39% | +6.65 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% | +5.10 pp |
| Q3 2020 | 2020-09-30 | 10.76% | +11.30 pp |
| Q2 2020 | 2020-06-30 | 10.03% | +6.64 pp |
| Q1 2020 | 2020-03-31 | 3.93% | +0.58 pp |
| Q4 2019 | 2019-12-31 | 4.16% | +44.91 pp |
| Q3 2019 | 2019-09-30 | −0.54% | −11.54 pp |
| Q2 2019 | 2019-06-30 | 3.38% | −0.87 pp |
| Q1 2019 | 2019-03-31 | 3.36% | +0.72 pp |
| Q4 2018 | 2018-12-31 | −40.76% | −46.79 pp |
| Q3 2018 | 2018-09-30 | 11.00% | +9.79 pp |
| Q2 2018 | 2018-06-30 | 4.25% | −0.20 pp |
| Q1 2018 | 2018-03-31 | 2.64% | −2.05 pp |
| Q4 2017 | 2017-12-31 | 6.04% | +0.37 pp |
| Q3 2017 | 2017-09-30 | 1.21% | −0.92 pp |
| Q2 2017 | 2017-06-30 | 4.46% | −4.74 pp |
| Q1 2017 | 2017-03-31 | 4.69% | −3.95 pp |
| Q4 2016 | 2016-12-31 | 5.67% | −2.75 pp |
| Q3 2016 | 2016-09-30 | 2.13% | −6.92 pp |
| Q2 2016 | 2016-06-30 | 9.20% | +1.98 pp |
| Q1 2016 | 2016-03-31 | 8.64% | +5.13 pp |
| Q4 2015 | 2015-12-31 | 8.41% | +12.18 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% | +0.53 pp |
| Q3 2011 | 2011-09-30 | 5.07% | −3.01 pp |
| Q2 2011 | 2011-06-30 | 6.83% | −4.02 pp |
| Q1 2011 | 2011-03-31 | 5.05% | +1.86 pp |
| Q4 2010 | 2010-12-31 | 6.48% | — |
| Q3 2010 | 2010-09-30 | 8.08% | — |
| Q2 2010 | 2010-06-30 | 10.85% | — |
| Q1 2010 | 2010-03-31 | 3.20% | — |
Clearwater Paper operating margin trends
Over the last five 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, Q2 2026, shows −8.70%.
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.
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