Clearwater Paper vs Ranpak Holdings
Clearwater Paper is the larger business, with $1.56bn of revenue in fiscal 2025 against $395m for Ranpak Holdings (3.9 times as much). Clearwater Paper grew faster (12.4% against 7.1%). Clearwater Paper kept more of each dollar of sales as profit: a net margin of -1.2% against -9.7%. Clearwater Paper carries less debt relative to equity (42.1% against 75.1%).
| Latest fiscal year | Clearwater PaperCLW, 2025 | Ranpak HoldingsPACK, 2025 |
|---|---|---|
| Revenue | $1.56bn | $395m |
| Revenue growth | 12.4% | 7.1% |
| Net income | −$18.6m | −$38.3m |
| Operating margin | -2.7% | -6.2% |
| Net margin | -1.2% | -9.7% |
| Return on equity | -2.2% | -7.1% |
| Free cash flow | −$76.5m | $19.8m |
| Cash | $30.7m | $63.0m |
| Total debt | $347m | $402m |
| Debt to equity | 42.1% | 75.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $17.2m | — |
| Employees | — | 800 |
| Market value | $220m | $270m |
| Price vs our value range | — | Below our value range |
| Moat score | 34 (Weak) | 45 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 0 sales |