Buyback Radar
Company reports

Clearwater Paper

CLW

Clearwater Paper has retired 29.8% of its shares since 2012, from 22,987,213 to 16,127,764.

29.8%retired since 2012
3.4%last 5 years
-0.6%last 12 months
16Mshares today
Shares outstanding, 2008 to todaysplit adjusted, from SEC filings
a quarter gone 201523M shares, 201216M2010201520202025
2008, 22,709,0842026-07-27, 16,127,764

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2008
1.4× more of Clearwater Paper today, without buying another share. It was one of 22,709,084 shares then. It is one of 16,127,764 now.
Every filing we read18 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20082009-03-0522,709,08410-Kcover page
20092010-02-1222,953,59410-Kcover page
20102010-12-3122,947,40010-Kfiscal-year average
20112012-02-1022,831,50610-K
20122013-02-1122,987,21310-K
20132014-02-1420,912,24810-K
20142015-02-2019,119,47210-K
20152016-02-1717,447,15510-K
20162017-02-1616,463,86210-K
20172018-02-1616,447,89810-K
20182019-03-1116,515,15610-K
20192020-03-0516,525,78810-K
20202021-02-2316,604,71810-K
20212022-02-1416,692,54010-K
20222023-02-1216,761,86910-K
20232024-02-1916,483,89810-K
20242025-02-2016,175,16110-K
20252026-02-1716,038,48510-K

Source: all 10-K filings of Clearwater Paper on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Clearwater Paper buybacks, answered

Is Clearwater Paper buying back its stock?

Not on a net basis. Clearwater Paper has 0.6% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is down 3.4%.

How many shares has Clearwater Paper bought back?

Net of every new share it issued, Clearwater Paper has 6.9 million fewer shares than at its 2012 peak. That is 29.8% of the company.

How many shares does Clearwater Paper have outstanding?

16,127,764 shares, as of July 27, 2026, from the cover page of its latest 10-Q. At the 2012 peak it had 22,987,213.

What do Clearwater Paper's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Clearwater Paper stock in 2012 owns 1.4 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Clearwater Paper compare with other cannibal stocks?

Clearwater Paper ranks No. 173 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: PayPal (30.0%), Factset Research Systems (29.9%), NCR Voyix (29.6%), Humana (29.5%).

Every answer is computed from Clearwater Paper's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Mason HawkinsSoutheastern Asset Management1,539,556 shares, $24.1M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Clearwater Paper in depth on Cannibal Stocks.

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