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Clearwater Paper Valuation Multiples
Discover revenue and EBITDA valuation multiples for Clearwater Paper and similar public comparables like Nampak, Iberpapel, Exacompta Clairefontaine, Koskisen and more.
Clearwater Paper Overview
About Clearwater Paper
Clearwater Paper Corp is engaged in the manufacturing and supplier of Solid Bleached Sulfate (SBS) paperboard packaging products. The company products includes: SBS paperboard which is a premium paperboard grade that is frequently used to produce folding cartons, food service, commercial printing items. It generates maximum revenue from Pulp and Paperboard segment. Company operate in United States and have globalized access too. Geographically, it derives maximum revenue from the United States.
Founded
2005
HQ

Employees
1.9K
Website
Financials (LTM)
EV
$568M
Clearwater Paper Financials
Clearwater Paper reported last 12-month revenue of $2B and EBITDA of $85M.
In the same LTM period, Clearwater Paper generated $190M in gross profit, $85M in EBITDA, and had net loss of ($29M).
Revenue (LTM)
Clearwater Paper P&L
In the most recent fiscal year, Clearwater Paper reported revenue of $2B and EBITDA of $107M.
Clearwater Paper expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $190M | XXX | $116M | XXX | XXX | XXX |
| Gross Margin | 12% | XXX | 7% | XXX | XXX | XXX |
| EBITDA | $85M | XXX | $107M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | (3%) | XXX | 0% | XXX | XXX | XXX |
| Net Profit | ($29M) | XXX | ($19M) | XXX | XXX | XXX |
| Net Margin | (2%) | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $315M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Clearwater Paper Stock Performance
Clearwater Paper has current market cap of $241M, and enterprise value of $568M.
Market Cap Evolution
Clearwater Paper's stock price is $15.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $568M | $241M | 1.4% | XXX | XXX | XXX | $-1.16 |
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Start Free TrialClearwater Paper Valuation Multiples
Clearwater Paper trades at 0.4x EV/Revenue multiple, and 6.7x EV/EBITDA.
EV / Revenue (LTM)
Clearwater Paper Financial Valuation Multiples
As of April 19, 2026, Clearwater Paper has market cap of $241M and EV of $568M.
Equity research analysts estimate Clearwater Paper's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Clearwater Paper has a P/E ratio of (8.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $241M | XXX | $241M | XXX | XXX | XXX |
| EV (current) | $568M | XXX | $568M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 6.7x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | (12.6x) | XXX | 315.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.0x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | (8.3x) | XXX | (12.9x) | XXX | XXX | XXX |
| EV/FCF | (21.0x) | XXX | (20.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Clearwater Paper Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Clearwater Paper Margins & Growth Rates
Clearwater Paper's revenue in the last 12 month declined by (3%).
Clearwater Paper's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.1M for the same period.
Clearwater Paper's rule of 40 is (3%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Clearwater Paper's rule of X is (12%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Clearwater Paper Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (3%) | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | (43%) | XXX | (69%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (3%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (12%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Clearwater Paper Public Comps
See public comps and valuation multiples for other Paper & Forest Products and Packaging & Containers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Clearwater Paper | XXX | XXX | XXX | XXX | XXX | XXX |
| Nampak | XXX | XXX | XXX | XXX | XXX | XXX |
| Iberpapel | XXX | XXX | XXX | XXX | XXX | XXX |
| Exacompta Clairefontaine | XXX | XXX | XXX | XXX | XXX | XXX |
| Koskisen | XXX | XXX | XXX | XXX | XXX | XXX |
| Cristalchile | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Clearwater Paper M&A Activity
Clearwater Paper acquired XXX companies to date.
Last acquisition by Clearwater Paper was on XXXXXXXX, XXXXX. Clearwater Paper acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Clearwater Paper
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialClearwater Paper Investment Activity
Clearwater Paper invested in XXX companies to date.
Clearwater Paper made its latest investment on XXXXXXXX, XXXXX. Clearwater Paper invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Clearwater Paper
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Clearwater Paper
| When was Clearwater Paper founded? | Clearwater Paper was founded in 2005. |
| Where is Clearwater Paper headquartered? | Clearwater Paper is headquartered in United States. |
| How many employees does Clearwater Paper have? | As of today, Clearwater Paper has over 1K employees. |
| Who is the CEO of Clearwater Paper? | Clearwater Paper's CEO is Arsen S. Kitch. |
| Is Clearwater Paper publicly listed? | Yes, Clearwater Paper is a public company listed on NYSE. |
| What is the stock symbol of Clearwater Paper? | Clearwater Paper trades under CLW ticker. |
| When did Clearwater Paper go public? | Clearwater Paper went public in 1998. |
| Who are competitors of Clearwater Paper? | Clearwater Paper main competitors are Nampak, Iberpapel, Exacompta Clairefontaine, Koskisen. |
| What is the current market cap of Clearwater Paper? | Clearwater Paper's current market cap is $241M. |
| What is the current revenue of Clearwater Paper? | Clearwater Paper's last 12 months revenue is $2B. |
| What is the current revenue growth of Clearwater Paper? | Clearwater Paper revenue growth (NTM/LTM) is (3%). |
| What is the current EV/Revenue multiple of Clearwater Paper? | Current revenue multiple of Clearwater Paper is 0.4x. |
| Is Clearwater Paper profitable? | Yes, Clearwater Paper is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Clearwater Paper? | Clearwater Paper's last 12 months EBITDA is $85M. |
| What is Clearwater Paper's EBITDA margin? | Clearwater Paper's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Clearwater Paper? | Current EBITDA multiple of Clearwater Paper is 6.7x. |
| What is the current FCF of Clearwater Paper? | Clearwater Paper's last 12 months FCF is ($27M). |
| What is Clearwater Paper's FCF margin? | Clearwater Paper's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Clearwater Paper? | Current FCF multiple of Clearwater Paper is (21.0x). |
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