Resolute Forest Products Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Resolute Forest Products Inc (RFP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Resolute Forest Products Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 3,811M vs 179,863M combined for tracked competitors (2.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+2.2% annualized vs trailing 12 months), vs decelerating (-6.9%) for its tracked peer group.
- Growth: Resolute Forest Products Inc generated 19.2% revenue growth year over year in Q3 2022, vs -3.9% for its tracked competitors combined.
- Profitability: Its 8.9% net margin compares with 15.2% for the peer group.
- Peer revenue share: Resolute Forest Products Inc accounted for 2.3% of combined revenue among its tracked peer group, up from 1.8% a year earlier.
- Peer differentiation: Revenue per employee of $0.48M compares with $0.59M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RFP Sales vs. its Competitors, Q3 2022
Resolute Forest Products Inc reported revenue growth of 19.22 % year on year in Q3 2022, above its competitors' combined revenue change of -3.91 %.
With a net margin of 8.93 %, Resolute Forest Products Inc reported lower profitability than its competitors (15.18 %).
Resolute Forest Products Inc generated 2.27 % of the combined sales of its peer group, up from 1.84 % a year earlier.
Resolute Forest Products Inc vs. its Competitors, Q3 2022
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Resolute Forest Products Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Resolute Forest Products Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Resolute Forest Products Inc's competitor groups requires a Commercial License.
For context: the Paper & Paper Products industry grew revenue 4.3% year over year, combined, vs 19.2% for Resolute Forest Products Inc. Resolute Forest Products Inc's share of combined industry revenue moved from 2.35% to 2.69%, a gain of 0.34 percentage points.
Resolute Forest Products Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Resolute Forest Products Inc | Yes | Yes | Yes | No |
| Competitors combined (19) | ||||
| High-Confidence Competitors (1) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RFP Stock Performance relative to its Competitors
RFP Stock Performance relative to High-Confidence Competitors
RFP Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Horizon Kinetics Holding Corporation | 282.9% | Outperformed |
| 2 | Domtar Corporation | 282.9% | Outperformed |
| 3 | Ennis Inc | 282.9% | Outperformed |
| 4 | Church and Dwight Co Inc | 282.9% | Outperformed |
| 5 | Packaging Corp Of America | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Resolute Forest Products Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Resolute Forest Products Inc's Comment on Competition and Industry Peers
In general, our products, other than tissue, are globally-traded commodities and are marketed in close to 80 countries. The markets in which we compete are highly competitive and, aside from quality specifications to meet customer needs, the production of our products, other than tissue, does not depend upon a proprietary process or formula. Pricing and the level of shipments of our products are influenced by the balance between supply and demand as affected by global economic conditions, changes in consumption and capacity, the level of customer and producer inventories, and fluctuations in currency exchange rates. Any material decline in prices for our products or other adverse developments in the markets for our products could have a material adverse effect on our results of operations or financial condition. Prices for our products have been and are likely to continue to be highly volatile.
We compete with a number of other major market pulp producers with operations
in North America. Market pulp is a globally-traded commodity for which competition
exists in all major markets. We produce six major grades of market pulp (northern
and southern softwood, northern and southern hardwood, recycled bleached kraft
and fluff) and compete with other producers from South America (eucalyptus hardwood
and radiata pine softwood), Europe (northern hardwood and softwood) and Asia
(mixed tropical hardwood). Price, quality, service and fiber sources are considered
the main competitive determinants.
We are an integrated manufacturer of tissue products and compete with several
major competitors in the North American tissue market. The key competitive attributes
in this market include price, product quality, service and customer relationships.
Competition is also significantly affected by geographic location, as freight
costs represent a material portion of the costs. We compete with branded products
and low cost private-label products and with the three largest North American
producers representing approximately 65% of the North American capacity.
We compete in North America with both large North American and numerous smaller
local lumber producers in a highly competitive market. We also compete with
European producers in the North American market during periods of favorable
currencies and prices. Because there are few distinctions between lumber from
different producers, competition is primarily based on price. Competition is
also affected by cost and availability of wood, freight cost and labor.
Newsprint is produced by numerous manufacturers worldwide. We face competition
from both large global producers and numerous smaller regional producers. Price,
quality and customer relationships are important competitive determinants.
Publicly Traded Peers of Resolute Forest Products Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Resolute Forest Products Inc | 1,718.53 | 3,811.00 |
| Procter and Gamble Co | 359,377.88 | 87,032.00 |
| Kimberly clark Corporation | 32,993.37 | 16,582.00 |
| Church and Dwight Co Inc | 22,605.18 | 6,228.60 |
| Packaging Corp Of America | 20,761.92 | 9,535.70 |
| International Paper Company | 17,642.94 | 22,941.00 |
| SUBTOTAL | 483,340.09 | 241,812.48 |
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Sources: Resolute Forest Products Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Resolute Forest Products Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Resolute Forest Products Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Verso Corporation | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Resolute Forest Products Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Resolute Forest Products Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Resolute Forest Products Inc | Wood Products 38.91 % |
| Procter and Gamble Co | Fabric & Home Care 34.83 % |
| Kimberly clark Corporation | North America (NA) 64.41 % |
| Church and Dwight Co Inc | Consumer Domestic 75.54 % |
| Packaging Corp Of America | Packaging 92.83 % |
| International Paper Company | Packaging Solutions North America 60.73 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Resolute Forest Products Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Resolute Forest Products Inc | 1,719 | 476,375 | 53,250 |
| Procter and Gamble Co | 359,378 | 836,846 | 155,231 |
| Kimberly clark Corporation | 32,993 | 460,611 | 55,250 |
| Church and Dwight Co Inc | 22,605 | 1,122,270 | 134,198 |
| Packaging Corp Of America | 20,762 | 567,601 | 41,113 |
| International Paper Company | 17,643 | 366,458 | -54,918 |
| PEERS TOTAL | 481,622 | 585,576 | 65,093 |
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Resolute Forest Products Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Procter and Gamble Co | Non-US 52.05 % |
| International Paper Company | EMEA 38.90 % |
| Magnera Corporation | Rest of World 45.10 % |
| Mercer International Inc | Foreign Countries 2.57 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Resolute Forest Products Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Paper & Paper Products industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (22 companies). See the full Paper & Paper Products industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 35.37 % | 20.15 % (avg) | +15.2 pp |
| Operating Margin | 12.46 % | industry median | +6.8 pp |
| EBITDA Margin | 14.54 % | 7.74 % (avg) | +6.8 pp |
| Capital Intensity (Capex / Revenue) | 2.73 % | 4.30 % (avg) | -1.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Resolute Forest Products Inc's Valuation vs Competitive Position
Valuation multiples vs the Paper & Paper Products industry average (22 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Paper & Paper Products industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 3.7x | 11.8x | -8.1x |
| EV / EBITDA | 3.0x | 7.1x | -4.2x |
| P/B | 0.9x | 2.4x | -1.6x |
| Return on Equity | 23.00 % | industry aggregate | -7.81 % |
| Return on Invested Capital | 9.04 % | 1.45 % (avg) | 7.59 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Resolute Forest Products Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -4.55 % | -14.40 % | -2.74 % | -1.01 % | 6.89 % | -22.18 % | -4.21 % | 30.86 % |
| Operating Margin | -4.09 % | -6.01 % | -0.73 % | -4.07 % | 10.09 % | 0.58 % | 3.54 % | 15.94 % |
| Return on Invested Capital | -2.42 % | -3.57 % | -0.52 % | -2.62 % | 7.28 % | 0.35 % | 2.08 % | 12.55 % |
| P/E | - | - | - | - | 4.0x | - | 52.4x | 3.4x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Resolute Forest Products Inc's Strategic Group Map
Every company in Resolute Forest Products Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Resolute Forest Products Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Resolute Forest Products Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.73 % vs industry average 4.30 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Resolute Forest Products Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Resolute Forest Products Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Resolute Forest Products Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Resolute Forest Products Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Resolute Forest Products Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 6.8 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+2.2% annualized vs trailing 12 months).
Weaknesses
- Return on equity 7.8 points below the industry aggregate.
Opportunities
- Trades at a lower P/E than the industry average (3.7x vs 11.8x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (42.10 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-6.9% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Resolute Forest Products Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Resolute Forest Products Inc | 0.57 | 2.65 | 0.16 |
| Procter and Gamble Co | 0.25 | 0.71 | 0.71 |
| Kimberly clark Corporation | 0.10 | 0.80 | 4.08 |
| Church and Dwight Co Inc | 0.26 | 1.13 | 0.53 |
| Packaging Corp Of America | 0.46 | 3.08 | 0.85 |
| International Paper Company | 0.14 | 1.23 | 0.77 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Resolute Forest Products Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Resolute Forest Products Inc | Q3 2022 | +19.2 % | +8.8 % |
| Procter and Gamble Co | Q2 2026 | +1.5 % | -15.0 % |
| Kimberly clark Corporation | Q2 2026 | +0.6 % | -31.6 % |
| Church and Dwight Co Inc | Q2 2026 | +1.6 % | +6.2 % |
| Packaging Corp Of America | Q2 2026 | +14.7 % | -20.9 % |
| International Paper Company | Q2 2026 | -11.3 % | - |
| PEERS TOTAL | -10.0 % | +28.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Resolute Forest Products Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Resolute Forest Products Inc | Q3 2022 | +17.9 % | +6.3 % |
| Procter and Gamble Co | Q2 2026 | +2.7 % | +2.7 % |
| Kimberly clark Corporation | Q2 2026 | -4.5 % | +78.7 % |
| Church and Dwight Co Inc | Q2 2026 | -2.7 % | +32.9 % |
| Packaging Corp Of America | Q2 2026 | +17.1 % | - |
| International Paper Company | Q2 2026 | -1.8 % | +26.3 % |
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Resolute Forest Products Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Resolute Forest Products Inc | 11.07% | 12.51% | 23.00% |
| Procter and Gamble Co | 12.72% | 17.81% | 30.05% |
| Kimberly clark Corporation | 11.41% | 19.70% | 115.54% |
| Church and Dwight Co Inc | 8.24% | 8.83% | 17.78% |
| Packaging Corp Of America | 6.35% | 7.44% | 14.85% |
| International Paper Company | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Resolute Forest Products Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Resolute Forest Products Inc | 3.99 | 0.45 |
| Procter and Gamble Co | 22.51 | 4.13 |
| Kimberly clark Corporation | 16.84 | 1.99 |
| Church and Dwight Co Inc | 30.61 | 3.63 |
| Packaging Corp Of America | 23.59 | 2.18 |
| International Paper Company | - | 0.77 |
| PEERS AVERAGE | 17.98 | 2.00 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.