Clearwater Paper Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	208	238	476	541	593	538
Market Cap Growth	-58.75%	-50.11%	-11.98%	-8.73%	10.20%	5.21%
Enterprise Value	513	505	1,564	967	1,088	1,124
Last Close Price	12.10	13.80	28.20	32.20	35.20	32.20
PE Ratio	-	-	2.51	5.56	13.78	-
PS Ratio	0.16	0.18	0.36	0.53	0.53	0.35
PB Ratio	0.30	0.34	0.58	0.90	1.11	1.20
P/TBV Ratio	0.30	0.34	0.62	0.95	1.20	1.20
P/FCF Ratio	-	-	-	5.11	5.43	10.55
P/OCF Ratio	19.84	22.69	8.03	3.14	4.22	6.35
EV/Sales Ratio	0.39	0.38	1.17	0.94	0.97	0.72
EV/EBITDA Ratio	4.85	5.39	76.02	8.84	5.86	7.83
EV/EBIT Ratio	34.34	33.67	-	13.32	12.23	21.97
EV/FCF Ratio	-7.87	-	-	9.13	9.96	22.04
Debt / Equity Ratio	0.47	0.47	0.38	0.71	1.07	1.36
Debt / EBITDA Ratio	3.13	3.13	9.27	3.62	2.96	3.85
Debt / FCF Ratio	-	-	-	4.04	5.26	12.03
Net Debt / Equity Ratio	0.44	0.44	0.28	0.64	0.98	1.32
Net Debt / EBITDA Ratio	3.27	3.27	11.36	3.56	2.82	4.12
Net Debt / FCF Ratio	-4.70	-4.70	-4.38	3.68	4.80	11.60
Asset Turnover	0.95	0.95	0.83	0.67	0.70	1.02
Inventory Turnover	5.33	5.33	6.28	3.85	3.27	5.88
Quick Ratio	1.05	1.05	0.84	0.48	0.78	0.76
Current Ratio	2.43	2.43	1.70	1.97	1.88	1.92
Return on Equity (ROE)	-6.31%	-6.31%	-9.71%	7.85%	9.72%	-5.44%
Return on Assets (ROA)	0.67%	0.67%	-1.81%	2.97%	3.50%	2.08%
Return on Invested Capital (ROIC)	1.54%	1.54%	-4.42%	5.34%	5.28%	4.74%
Return on Capital Employed (ROCE)	1.30%	1.30%	-3.60%	5.80%	6.80%	4.10%
Earnings Yield	-7.62%	-6.67%	39.80%	18.00%	7.26%	-4.59%
FCF Yield	-31.34%	-27.41%	-11.19%	19.56%	18.41%	9.48%
Buyback Yield / Dilution	3.65%	3.65%	1.81%	0.52%	-2.47%	-0.26%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.