What is Clearfield, Inc.'s earnings per share (EPS)?

Clearfield, Inc. (CLFD) reported diluted earnings per share of -$0.58 for fiscal year 2025. This represents a 31.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Clearfield, Inc. (CLFD) Financials

CLFD

Trailing 12 months to June 30, 2026

Revenue $153.7M +34.0% YoY

Net Income -$7.2M -3709.5% YoY

EPS (Diluted) -$0.51 -5200.0% YoY

Free Cash Flow $7.3M -72.5% YoY

Market Cap $454.8M as of Oct 3, 2026

Price / Sales 3.0x on $153.7M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 1.8x on $245.9M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CLFD SEC filings page.

Clearfield, Inc. (CLFD) reported $153.7M in revenue over the twelve months to Jun 30, 2026, up 34.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CLFD FY2025 2026-10-03

Clearfield's 2025 recovery restored gross margin and cash generation, yet operating improvement remained too small to produce net profit.

The cash picture exceeded accounting earnings: FY2025 operating cash flow was $26.6M while free cash flow was $21.8M despite a net loss. Inventory fell from $56.1M to $42.0M, making working-capital release a meaningful part of cash generation rather than evidence that profit converted cleanly into cash.

Gross margin rebounded to 33.7% from 20.6%, showing the recovery included better product economics rather than volume alone. But operating margin reached only 1.4% while selling, general and administrative expense was $48.4M, so improved gross profit did not yet translate into bottom-line profit.

Current ratio fell to 5.4x from 9.4x, narrowing the short-term liquidity cushion even though current assets still substantially exceeded near-term obligations. Liabilities rose to $50.0M while equity fell to $256.2M; the $16.7M buyback was one contributor to lower equity alongside the year's net loss.

Financial Health Signals

Financial Health Score 50/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Clearfield, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Clearfield, Inc. has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is up from -15.3% the prior year.

Growth

Clearfield, Inc.'s revenue surged 19.6% year-over-year to $150.1M, reflecting rapid business expansion. This strong growth earns a score of 5/100.

Leverage

Clearfield, Inc. carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 5.42, Clearfield, Inc. holds $5.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.

Cash Flow

Clearfield, Inc. converts 14.5% of revenue into free cash flow ($21.8M). This strong cash generation earns a score of 69/100.

Returns

Clearfield, Inc. posts a -3.1% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 31/100. This is up from -4.5% the prior year.

Altman Z-Score Safe

7.09

Clearfield, Inc. scores 7.09, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($454.8M) relative to total liabilities ($50.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Clearfield, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Clearfield, Inc. reported a net loss of $8.1M while generating $26.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$43.9M

YoY+13.2%

QoQ+27.5%

5Y CAGR+2.5%

10Y CAGR+7.3%

Clearfield, Inc. generated $43.9M in revenue in Q3 2026. This represents an increase of 13.2% from the same quarter a year earlier. Against the prior quarter it is up 27.5%.

EBITDA

$4.1M

YoY+19.7%

QoQ+934.8%

5Y CAGR-13.0%

10Y CAGR+0.8%

Clearfield, Inc.'s EBITDA was $4.1M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.7% from the same quarter a year earlier. Against the prior quarter it is up 934.8%.

Net Income

$3.0M

YoY+86.8%

QoQ+668.2%

5Y CAGR-13.2%

10Y CAGR+2.4%

Clearfield, Inc. reported $3.0M in net income in Q3 2026. This represents an increase of 86.8% from the same quarter a year earlier. Against the prior quarter it is up 668.2%.

EPS (Diluted)

$0.22

YoY+100.0%

QoQ+650.0%

5Y CAGR-12.9%

10Y CAGR+2.6%

Clearfield, Inc. earned $0.22 per diluted share (EPS) in Q3 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 650.0%.

Cash & Balance Sheet

Free Cash Flow

$8.9M

YoY-6.5%

QoQ+527.9%

5Y CAGR+61.1%

10Y CAGR+10.4%

Clearfield, Inc. generated $8.9M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 6.5% from the same quarter a year earlier. Against the prior quarter it is up 527.9%.

Cash & Debt

$20.4M

YoY-39.6%

QoQ+117.5%

5Y CAGR-0.8%

10Y CAGR-1.8%

Clearfield, Inc. held $20.4M in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding

14M

YoY-1.6%

QoQ0.0%

5Y CAGR-0.2%

10Y CAGR-0.4%

Clearfield, Inc. had 14M shares outstanding in Q3 2026. This represents a decrease of 1.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

31.8%

YoY-3.5pp

QoQ-0.7pp

5Y change-12.4pp

10Y change-11.4pp

Clearfield, Inc.'s gross margin was 31.8% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Operating Margin

5.9%

YoY+1.9pp

QoQ+11.9pp

5Y change-14.0pp

10Y change-10.2pp

Clearfield, Inc.'s operating margin was 5.9% in Q3 2026, reflecting core business profitability. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.9 percentage points.

Net Margin

6.8%

YoY+2.7pp

QoQ+8.4pp

5Y change-8.9pp

10Y change-4.1pp

Clearfield, Inc.'s net profit margin was 6.8% in Q3 2026, showing the share of revenue converted to profit. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.4 percentage points.

Return on Equity

1.2%

YoY+0.6pp

QoQ+1.4pp

5Y change-5.1pp

10Y change-2.8pp

Clearfield, Inc.'s ROE was 1.2% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Capital Allocation

Share Buybacks

$897K

YoY-84.1%

QoQ-87.7%

Clearfield, Inc. spent $897K on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.1% from the same quarter a year earlier. Against the prior quarter it is down 87.7%.

Capital Expenditures

$910K

YoY+123.6%

QoQ-10.7%

5Y CAGR+8.9%

10Y CAGR+5.0%

Clearfield, Inc. invested $910K in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 123.6% from the same quarter a year earlier. Against the prior quarter it is down 10.7%.

R&D Spending

Not reported for Q3 2026.

CLFD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CLFD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$153.7M	$150.1M+19.6%	$125.6M-44.4%	$225.7M-16.7%	$270.9M+92.5%	$140.8M+51.2%	$93.1M+9.5%	$85.0M+9.5%	$77.7M+5.0%	$73.9M-1.8%	$75.3M+24.8%	$60.3M+3.9%	$58.0M+8.8%	$53.4M+42.4%	$37.5M+6.5%	$35.2M
Cost of Revenue	$102.9M	$99.6M-0.1%	$99.7M-31.6%	$145.9M-7.6%	$157.9M+98.5%	$79.6M+44.3%	$55.2M+5.4%	$52.3M+12.2%	$46.7M+6.8%	$43.7M+3.0%	$42.4M+19.6%	$35.5M+6.0%	$33.4M+6.6%	$31.4M+41.4%	$22.2M+8.1%	$20.5M
Gross Profit	$50.7M	$50.5M+95.5%	$25.8M-67.6%	$79.9M-29.3%	$112.9M+84.6%	$61.2M+61.4%	$37.9M+16.0%	$32.7M+5.5%	$31.0M+2.4%	$30.3M-7.9%	$32.9M+32.2%	$24.9M+1.1%	$24.6M+11.9%	$22.0M+43.9%	$15.3M+4.3%	$14.7M
R&D Expenses	N/A	$2.4M-19.3%	$3.0M-3.7%	$3.1M+248.0%	$895K+268.3%	$243K-80.8%	$1.3M+16.3%	$1.1M+38.4%	$787K-9.0%	$866K+3.3%	$838K+11.7%	$750K+6.6%	$704K	N/A	N/A	N/A
SG&A Expenses	$51.1M	$48.4M+7.4%	$45.1M+6.6%	$42.3M-13.9%	$49.1M+36.7%	$35.9M+21.7%	$29.5M+7.4%	$27.5M+6.1%	$25.9M+3.9%	$25.0M+12.7%	$22.1M+24.3%	$17.8M+10.8%	$16.1M+10.6%	$14.5M+32.1%	$11.0M+0.2%	$11.0M
Operating Income	-$367K	$2.1M+111.0%	-$19.2M-151.2%	$37.6M-41.1%	$63.8M+152.9%	$25.2M+201.0%	$8.4M+61.6%	$5.2M+2.3%	$5.1M-4.5%	$5.3M-50.5%	$10.7M+52.2%	$7.1M-17.2%	$8.5M+14.4%	$7.4M+74.2%	$4.3M+15.0%	$3.7M
EBITDA	N/A	$8.2M+161.9%	-$13.3M-131.6%	$42.2M-37.3%	$67.2M+144.2%	$27.5M+154.8%	$10.8M+46.7%	$7.4M+3.5%	$7.1M+2.7%	$6.9M-43.1%	$12.2M+47.3%	$8.3M-10.3%	$9.2M+16.4%	$7.9M+69.3%	$4.7M+14.8%	$4.1M
Interest Expense	N/A	N/A	$506K-42.6%	$881K+183.3%	$311K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.6M	$2.4M+172.6%	-$3.2M-136.6%	$8.9M-38.6%	$14.5M+167.7%	$5.4M+190.4%	$1.9M+36.9%	$1.4M+8.5%	$1.3M-27.9%	$1.7M-39.6%	$2.9M+16.2%	$2.5M-22.2%	$3.2M+13.5%	$2.8M+184.3%	-$3.3M-43.5%	-$2.3M
Net Income	-$7.2M	-$8.1M+35.4%	-$12.5M-138.3%	$32.5M-34.1%	$49.4M+142.8%	$20.3M+178.7%	$7.3M+59.7%	$4.6M+6.8%	$4.3M+11.1%	$3.8M-52.0%	$8.0M+71.1%	$4.7M-13.8%	$5.4M+14.8%	$4.7M-38.5%	$7.7M+24.9%	$6.2M
EPS (Basic)	N/A	-$0.58+31.8%	-$0.85-139.2%	$2.17-39.4%	$3.58+141.9%	$1.48+179.2%	$0.53+55.9%	$0.34+6.3%	$0.32+14.3%	$0.28-53.3%	$0.60+71.4%	$0.35-16.7%	$0.42+10.5%	$0.38-38.7%	$0.62+21.6%	$0.51
EPS (Diluted)	-$0.51	-$0.58+31.8%	-$0.85-139.2%	$2.17-38.9%	$3.55+141.5%	$1.47+177.4%	$0.53+55.9%	$0.34+6.3%	$0.32+14.3%	$0.28-52.5%	$0.59+73.5%	$0.34-15.0%	$0.40+11.1%	$0.36-40.0%	$0.60+25.0%	$0.48
Diluted Shares (Avg)	N/A	14M-4.1%	15M-2.9%	15M+8.0%	14M+0.9%	14M+1.0%	14M+1.4%	13M0.0%	13M-1.5%	14M0.0%	14M+0.6%	14M-0.1%	14M+4.0%	13M+2.3%	13M+0.3%	13M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$43.9M+13.2%	$34.4M-15.3%	$34.3M+15.6%	$41.1M+628.7%	$38.8M-20.6%	$40.6M+10.1%	$29.7M-13.2%	$5.6M-15.7%
Cost of Revenue	$29.9M+19.3%	$23.2M-12.9%	$23.0M+9.2%	$26.8M+1447.8%	$25.1M-34.2%	$26.7M-21.8%	$21.0M-28.8%	-$2.0M-1816.4%
Gross Profit	$13.9M+2.0%	$11.2M-20.1%	$11.4M+31.3%	$14.2M+86.5%	$13.7M+27.9%	$14.0M+393.0%	$8.7M+84.7%	$7.6M+16.1%
SG&A Expenses	$11.4M-6.4%	$13.2M+7.7%	$13.2M+23.2%	$13.3M+99.5%	$12.1M-6.5%	$12.3M-2.3%	$10.7M-16.6%	$6.7M+45.7%
Operating Income	$2.6M+68.4%	-$2.1M-223.0%	-$1.8M+10.9%	$955K-2.1%	$1.5M+166.2%	$1.7M+117.3%	-$2.0M+74.9%	$975K-51.4%
EBITDA	$4.1M+19.7%	-$494K-113.9%	-$209K+60.8%	$1.8M+24.8%	$3.4M+969.7%	$3.6M+145.5%	-$533K+91.8%	$1.4M-35.9%
Interest Expense	N/A	N/A	N/A	N/A	$106K-30.7%	$69K-32.4%	$100K-20.6%	$125K-62.2%
Income Tax	$934K+18.7%	-$176K-124.4%	-$1K-101.9%	$795K+1161.9%	$787K+384.1%	$722K+134.7%	$53K+105.6%	$63K-83.1%
Net Income	$3.0M+86.8%	-$528K-139.8%	-$614K+67.8%	-$9.1M-997.6%	$1.6M+459.3%	$1.3M+122.4%	-$1.9M+63.8%	-$827K-130.7%
EPS (Basic)	$0.22+100.0%	-$0.04-144.4%	-$0.04+69.2%	-$0.65-983.3%	$0.11+375.0%	$0.09+122.5%	-$0.13+62.9%	-$0.06-137.5%
EPS (Diluted)	$0.22+100.0%	-$0.04-144.4%	-$0.04+69.2%	-$0.65-983.3%	$0.11+375.0%	$0.09+122.5%	-$0.13+62.9%	-$0.06-135.3%
Diluted Shares (Avg)	14M-1.7%	14M-3.0%	14M-2.4%	N/A	14M-2.9%	14M-3.7%	14M-6.6%	N/A

Not reported in any period shown, so not listed: R&D Expenses.

CLFD Balance Sheet

CLFD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$306.2M-2.9%	$315.3M-11.3%	$355.5M+55.2%	$229.1M+82.0%	$125.9M+32.1%	$95.3M+16.4%	$81.9M+10.3%	$74.2M+6.8%	$69.5M-1.6%	$70.6M+22.5%	$57.6M+11.1%	$51.8M+11.7%	$46.4M+23.0%	$37.7M+24.5%	$30.3M
Current Assets	$198.5M-13.5%	$229.6M-22.5%	$296.3M+85.0%	$160.1M+123.9%	$71.5M+36.1%	$52.5M+23.6%	$42.5M+3.4%	$41.1M-0.1%	$41.1M-19.5%	$51.1M+25.4%	$40.8M+7.1%	$38.0M+11.2%	$34.2M+50.4%	$22.7M+12.2%	$20.3M
Cash & Equivalents	$21.5M+51.9%	$14.1M-62.6%	$37.8M+127.2%	$16.6M+26.0%	$13.2M-19.7%	$16.4M+63.2%	$10.1M+17.9%	$8.5M-53.9%	$18.5M-33.8%	$28.0M+55.0%	$18.1M-0.7%	$18.2M+85.5%	$9.8M+72.7%	$5.7M-49.7%	$11.3M
Short-Term Investments	$84.5M-26.4%	$114.8M-11.9%	$130.3M+2145.5%	$5.8M-44.1%	$10.4M-2.0%	$10.6M-21.8%	$13.5M+51.4%	$8.9M+50.4%	$5.9M+7.4%	$5.5M-30.3%	$7.9M+19.5%	$6.6M+10.7%	$6.0M-34.2%	$9.1M+392.5%	$1.8M
Inventory	$42.0M-25.1%	$56.1M-42.8%	$98.1M+19.3%	$82.2M+198.7%	$27.5M+91.0%	$14.4M+59.9%	$9.0M-10.3%	$10.1M+18.9%	$8.5M+1.0%	$8.4M+16.6%	$7.2M+33.3%	$5.4M-4.2%	$5.6M+89.4%	$3.0M+7.8%	$2.8M
Accounts Receivable	$18.0M+30.0%	$13.8M-51.2%	$28.4M-47.1%	$53.7M+176.3%	$19.4M+85.2%	$10.5M+15.1%	$9.1M-28.9%	$12.8M+77.1%	$7.2M-9.5%	$8.0M+33.1%	$6.0M+19.6%	$5.0M-35.8%	$7.8M+159.3%	$3.0M-6.4%	$3.2M
Long-Term Investments	$59.8M+144.1%	$24.5M+286.3%	$6.3M-72.1%	$22.7M-38.4%	$36.9M+46.8%	$25.1M+5.2%	$23.9M+33.0%	$18.0M-9.3%	$19.8M+85.1%	$10.7M+29.1%	$8.3M-0.1%	$8.3M+22.6%	$6.8M+48.1%	$4.6M+68.9%	$2.7M
Goodwill	$4.7M-28.9%	$6.6M+1.5%	$6.5M+2.0%	$6.4M+36.0%	$4.7M0.0%	$4.7M0.0%	$4.7M0.0%	$4.7M+83.2%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M
Total Liabilities	$50.0M+26.6%	$39.5M-2.1%	$40.4M-50.5%	$81.5M+269.2%	$22.1M+76.1%	$12.5M+80.4%	$7.0M+29.9%	$5.4M+7.7%	$5.0M-37.9%	$8.0M+26.0%	$6.3M+24.4%	$5.1M-19.5%	$6.3M+107.4%	$3.1M-25.0%	$4.1M
Current Liabilities	$36.6M+50.3%	$24.4M-16.0%	$29.0M-43.9%	$51.7M+152.5%	$20.5M+96.6%	$10.4M+57.6%	$6.6M+32.7%	$5.0M+17.4%	$4.2M-42.2%	$7.3M+45.8%	$5.0M-1.3%	$5.1M-19.2%	$6.3M+109.3%	$3.0M-24.8%	$4.0M
Non-Current Liabilities	$13.4M-11.6%	$15.2M+33.6%	$11.3M-62.0%	$29.9M+1748.4%	$1.6M-24.2%	$2.1M+511.7%	$348K-6.7%	$373K-48.6%	$726K+10.7%	$656K-50.0%	$1.3M	$0-100.0%	$21K-43.9%	$38K-39.1%	$62K
Long-Term Debt	N/A	$2.2M	$0-100.0%	$18.7M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$256.2M-7.1%	$275.8M-12.5%	$315.2M+113.6%	$147.6M+42.1%	$103.8M+25.5%	$82.8M+10.4%	$74.9M+8.8%	$68.9M+6.7%	$64.5M+3.1%	$62.6M+22.1%	$51.3M+9.7%	$46.7M+16.6%	$40.1M+15.5%	$34.7M+32.2%	$26.2M
Retained Earnings	$106.9M-7.0%	$115.0M-9.7%	$127.3M+34.3%	$94.8M+108.6%	$45.4M+80.9%	$25.1M+40.9%	$17.8M+34.4%	$13.3M+47.6%	$9.0M+75.0%	$5.1M+208.1%	-$4.7M+49.7%	-$9.4M+36.6%	-$14.9M+24.2%	-$19.6M+28.2%	-$27.3M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$267.1M-15.1%	$263.5M-15.2%	$268.1M-11.6%	$306.2M-2.9%	$314.7M-1.1%	$310.9M-1.4%	$303.2M-9.7%	$315.3M-11.3%
Current Assets	$170.9M-19.6%	$163.0M-21.0%	$165.7M-16.3%	$198.5M-13.5%	$212.6M-10.0%	$206.3M-19.9%	$197.9M-28.5%	$229.6M-22.5%
Cash & Equivalents	$20.4M-39.6%	$9.4M-67.4%	$13.9M-54.4%	$21.5M+51.9%	$33.9M+32.2%	$28.8M+82.4%	$30.5M-11.7%	$14.1M-62.6%
Short-Term Investments	$80.8M-3.1%	$81.7M-1.8%	$82.6M0.0%	$84.5M-26.4%	$83.4M-15.1%	$83.1M-34.6%	$82.6M-35.7%	$114.8M-11.9%
Inventory	$33.4M-37.9%	$36.9M-34.2%	$40.2M-32.1%	$42.0M-25.1%	$53.8M-28.2%	$56.1M-33.2%	$59.2M-37.4%	$56.1M-42.8%
Accounts Receivable	$22.1M-17.1%	$20.9M-13.8%	$15.0M+6.4%	$18.0M+30.0%	$26.6M-3.7%	$24.2M+10.5%	$14.1M-19.0%	$13.8M-51.2%
Long-Term Investments	$53.9M+34.2%	$56.0M+35.4%	$60.3M+43.8%	$59.8M+144.1%	$40.2M+66.1%	$41.4M+534.0%	$41.9M+544.4%	$24.5M+286.3%
Goodwill	N/A	N/A	N/A	$4.7M-28.9%	$6.7M+2.9%	$6.6M+0.1%	$6.5M-1.8%	$6.6M+1.5%
Total Liabilities	$21.2M-57.9%	$20.7M-53.9%	$18.4M-48.6%	$50.0M+26.6%	$50.2M+15.4%	$45.0M+24.2%	$35.8M+0.7%	$39.5M-2.1%
Current Liabilities	$13.6M-62.0%	$12.7M-58.4%	$13.2M-29.5%	$36.6M+50.3%	$35.9M+27.4%	$30.5M+15.6%	$18.7M-24.9%	$24.4M-16.0%
Non-Current Liabilities	$7.5M-47.5%	$8.0M-44.4%	$5.2M-69.6%	$13.4M-11.6%	$14.3M-6.5%	$14.5M+47.3%	$17.1M+61.3%	$15.2M+33.6%
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$0	$2.1M	$2.2M
Total Equity	$245.9M-7.0%	$242.8M-8.7%	$249.7M-6.6%	$256.2M-7.1%	$264.5M-3.7%	$265.9M-4.8%	$267.4M-10.9%	$275.8M-12.5%
Retained Earnings	$108.8M-6.2%	$105.8M-7.5%	$106.3M-6.0%	$106.9M-7.0%	$116.0M+0.2%	$114.4M-1.6%	$113.1M-7.4%	$115.0M-9.7%

CLFD Cash Flow Statement

CLFD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$11.5M	$26.6M+19.5%	$22.2M+20.6%	$18.4M+715.9%	$2.3M-79.3%	$10.9M+63.8%	$6.7M-54.8%	$14.7M+224.0%	$4.5M-27.8%	$6.3M-45.5%	$11.6M+68.7%	$6.8M-40.6%	$11.5M+165.7%	$4.3M+13.4%	$3.8M-27.8%	$5.3M
Depreciation & Amortization	N/A	$6.1M+3.3%	$5.9M+28.9%	$4.6M+34.1%	$3.4M+48.8%	$2.3M-5.0%	$2.4M+11.2%	$2.2M+6.4%	$2.0M+26.2%	$1.6M+11.9%	$1.4M+19.2%	$1.2M+73.8%	$700K+46.9%	$476K+17.7%	$405K+12.9%	$359K
Stock-Based Compensation	N/A	$4.6M+5.1%	$4.4M+22.3%	$3.6M+53.0%	$2.3M+82.7%	$1.3M+65.4%	$774K-55.2%	$1.7M-13.7%	$2.0M-13.7%	$2.3M+65.1%	$1.4M+30.7%	$1.1M+35.2%	$795K+5.5%	$754K+60.1%	$471K-12.1%	$535K
Capital Expenditures	$4.1M	$4.7M-50.4%	$9.6M+24.5%	$7.7M-9.6%	$8.5M+315.4%	$2.0M+13.3%	$1.8M-28.1%	$2.5M+111.1%	$1.2M-41.1%	$2.0M+30.4%	$1.6M-65.7%	$4.5M+218.6%	$1.4M+39.3%	$1.0M+85.0%	$551K-26.2%	$746K
Free Cash Flow	$7.3M	$21.8M+72.3%	$12.7M+17.8%	$10.7M+272.1%	-$6.2M-170.5%	$8.9M+82.6%	$4.8M-60.3%	$12.2M+264.0%	$3.4M-21.5%	$4.3M-57.2%	$10.0M+329.4%	$2.3M-77.0%	$10.1M+204.5%	$3.3M+1.4%	$3.3M-28.0%	$4.6M
Investing Cash Flow	N/A	N/A	-$6.9M+93.9%	-$112.2M-1269.4%	-$8.2M+39.7%	-$13.6M-33070.7%	-$41K+99.7%	-$13.0M-2.8%	-$12.6M-9.3%	-$11.5M-602.9%	-$1.6M+71.4%	-$5.7M-60.2%	-$3.6M-3051.1%	-$114K+98.8%	-$9.7M-2425.2%	$418K
Financing Cash Flow	N/A	N/A	-$36.9M-132.1%	$115.0M+1123.8%	$9.4M+1853.2%	-$536K-117.0%	-$247K-4.4%	-$237K+87.7%	-$1.9M+54.5%	-$4.2M-13351.4%	$32K+102.6%	-$1.2M-377.7%	$441K+562.0%	-$95K-133.5%	$285K+1.6%	$280K
Share Buybacks	$13.5M	$16.7M-50.1%	$33.4M	$0	$0	$0-100.0%	$429K	N/A	$1.8M-51.7%	$3.6M+992.8%	$334K-60.7%	$849K	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$9.9M-1.2%	-$1.1M-120.2%	-$1.4M-120.1%	$4.1M-68.5%	$10.0M+147.0%	$5.3M+192.9%	$7.2M-33.8%	$13.1M+164.9%
Depreciation & Amortization	$1.6M-19.0%	$1.6M-16.0%	$1.6M+6.7%	$1.4M+206.5%	$1.9M+0.4%	$1.9M-2.3%	$1.5M-8.4%	$443K+140.8%
Stock-Based Compensation	$1.0M-14.1%	$1.3M+12.6%	$1.3M+21.0%	N/A	$1.2M+3.8%	$1.2M+15.7%	$1.1M-17.4%	N/A
Capital Expenditures	$910K+123.6%	$1.0M-57.4%	$988K-52.2%	$1.2M-69.3%	$407K-66.7%	$2.4M+21.5%	$2.1M-12.0%	$4.0M+243.4%
Free Cash Flow	$8.9M-6.5%	-$2.1M-172.0%	-$2.4M-147.8%	$2.9M-68.1%	$9.6M+239.7%	$2.9M+137.9%	$5.1M-39.9%	$9.1M+141.0%
Investing Cash Flow	N/A	N/A	N/A	N/A	$838K-92.5%	-$2.2M-975.8%	$13.4M+1374.9%	-$19.2M-15114.1%
Financing Cash Flow	N/A	N/A	N/A	N/A	-$3.6M+33.2%	-$2.4M+82.0%	-$6.4M+57.8%	-$3.2M-342.4%
Share Buybacks	$897K-84.1%	$7.3M+54.4%	$5.3M-15.9%	-$12K	$5.7M+1.6%	$4.7M-69.7%	$6.3M-48.5%	$0

Not reported in any period shown, so not listed: Dividends Paid.

CLFD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CLFD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	33.7%+13.1pp	20.6%-14.8pp	35.4%-6.3pp	41.7%-1.8pp	43.5%+2.7pp	40.7%+2.3pp	38.4%-1.5pp	39.9%-1.0pp	40.9%-2.7pp	43.7%+2.4pp	41.2%-1.2pp	42.4%+1.2pp	41.2%+0.4pp	40.8%-0.9pp	41.6%
Operating Margin	1.4%+16.7pp	-15.3%-32.0pp	16.7%-6.9pp	23.6%+5.6pp	17.9%+8.9pp	9.0%+2.9pp	6.1%-0.4pp	6.5%-0.7pp	7.2%-7.1pp	14.2%+2.6pp	11.7%-3.0pp	14.7%+0.7pp	14.0%+2.5pp	11.4%+0.8pp	10.6%
Net Margin	-5.4%+4.6pp	-9.9%-24.3pp	14.4%-3.8pp	18.2%+3.8pp	14.4%+6.6pp	7.8%+2.5pp	5.4%-0.1pp	5.5%+0.3pp	5.2%-5.4pp	10.6%+2.9pp	7.8%-1.6pp	9.4%+0.5pp	8.9%-11.7pp	20.5%+3.0pp	17.5%
Return on Equity	-3.1%+1.4pp	-4.5%-14.8pp	10.3%-23.1pp	33.5%+13.9pp	19.6%+10.8pp	8.8%+2.7pp	6.1%-0.1pp	6.2%+0.3pp	6.0%-6.8pp	12.8%+3.7pp	9.1%-2.5pp	11.6%-0.2pp	11.8%-10.4pp	22.2%-1.3pp	23.5%
Return on Assets	-2.6%+1.3pp	-4.0%-13.1pp	9.2%-12.4pp	21.5%+5.4pp	16.1%+8.5pp	7.6%+2.1pp	5.6%-0.2pp	5.8%+0.2pp	5.5%-5.8pp	11.3%+3.2pp	8.1%-2.4pp	10.5%+0.3pp	10.2%-10.2pp	20.4%+0.1pp	20.3%
Current Ratio	5.42-4.0x	9.43-0.8x	10.21+7.1x	3.10-0.4x	3.49-1.6x	5.04-1.4x	6.43-1.8x	8.25-1.4x	9.70+2.7x	6.96-1.1x	8.09+0.6x	7.46+2.0x	5.42-2.1x	7.54+2.5x	5.06
Debt-to-Equity	0.20+0.2x	0.010.0x	0.00-0.1x	0.13+0.1x	0.00-0.2x	0.15+0.1x	0.090.0x	0.080.0x	0.08-0.1x	0.130.0x	0.120.0x	0.110.0x	0.16+0.1x	0.09-0.1x	0.16
Asset Turnover	0.49+0.1x	0.40-0.2x	0.63-0.5x	1.18+0.1x	1.12+0.1x	0.98-0.1x	1.040.0x	1.050.0x	1.060.0x	1.070.0x	1.05-0.1x	1.120.0x	1.15+0.2x	0.99-0.2x	1.16
FCF Margin	14.5%+4.5pp	10.1%+5.3pp	4.8%+7.1pp	-2.3%-8.6pp	6.3%+1.1pp	5.2%-9.2pp	14.4%+10.0pp	4.3%-1.5pp	5.8%-7.5pp	13.3%+9.4pp	3.9%-13.6pp	17.4%+11.2pp	6.2%-2.5pp	8.7%-4.2pp	12.9%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	31.8%-3.5pp	32.5%-1.9pp	33.2%+3.9pp	34.6%	35.3%+13.4pp	34.4%+26.7pp	29.2%+15.5pp	135.3%
Operating Margin	5.9%+1.9pp	-6.0%-10.2pp	-5.3%+1.6pp	2.3%-15.0pp	3.9%+8.7pp	4.1%+30.5pp	-6.9%+16.9pp	17.3%-12.7pp
Net Margin	6.8%+2.7pp	-1.5%-4.8pp	-1.8%+4.6pp	-22.1%-7.4pp	4.1%+5.1pp	3.3%+19.3pp	-6.4%+9.0pp	-14.7%-55.0pp
Return on Equity	1.2%+0.6pp	-0.2%-0.7pp	-0.3%+0.5pp	-3.5%-3.2pp	0.6%+0.8pp	0.5%+2.6pp	-0.7%+1.1pp	-0.3%-1.2pp
Return on Assets	1.1%+0.6pp	-0.2%-0.6pp	-0.2%+0.4pp	-3.0%-2.7pp	0.5%+0.7pp	0.4%+2.3pp	-0.6%+0.9pp	-0.3%-1.0pp
Current Ratio	12.53+6.6x	12.84+6.1x	12.55+2.0x	5.42-4.0x	5.92-2.5x	6.76-3.0x	10.57-0.5x	9.43-0.8x
Debt-to-Equity	0.09+0.1x	0.09+0.1x	0.07+0.1x	0.20+0.2x	0.000.0x	0.00-0.1x	0.01-0.1x	0.010.0x
Asset Turnover	0.160.0x	0.130.0x	0.130.0x	0.13+0.1x	0.120.0x	0.130.0x	0.100.0x	0.020.0x
FCF Margin	20.4%-4.3pp	-6.1%-13.2pp	-7.1%-24.2pp	7.1%	24.7%+18.9pp	7.1%+27.9pp	17.1%-7.6pp	162.1%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Clearfield, Inc. CLFD	FY2025	$150.1M	-$8.1M	-5.4%	$454.8M	50/100
Gilat Satellite Networks Ltd GILT	FY2025	$451.7M	$20.7M	4.6%	$772.6M	66/100
Aviat Networks, Inc. AVNW	FY2026	$439.7M	$2.5M	0.6%	$264.7M	48/100
ADTRAN Holdings, Inc. ADTN	FY2025	$1.1B	-$45.7M	-4.2%	$573.6M	27/100
Frequency Electronics, Inc. FEIM	FY2026	$63.2M	-$903	0.0%	$969.8M	41/100
NETGEAR, Inc. NTGR	FY2025	$699.6M	-$18.0M	-2.6%	$640.3M	42/100

Where Clearfield, Inc. Ranks

Frequently Asked Questions

What is Clearfield, Inc.'s annual revenue?

Clearfield, Inc. (CLFD) reported $150.1M in total revenue for fiscal year 2025. This represents a 19.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Clearfield, Inc.'s revenue growing?

Clearfield, Inc. (CLFD) revenue grew by 19.6% year-over-year, from $125.6M to $150.1M in fiscal year 2025.

Is Clearfield, Inc. profitable?

No, Clearfield, Inc. (CLFD) reported a net income of -$8.1M in fiscal year 2025, with a net profit margin of -5.4%.

What is Clearfield, Inc.'s EBITDA?

Clearfield, Inc. (CLFD) had EBITDA of $8.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Clearfield, Inc.'s gross margin?

Clearfield, Inc. (CLFD) had a gross margin of 33.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Clearfield, Inc.'s operating margin?

Clearfield, Inc. (CLFD) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Clearfield, Inc.'s net profit margin?

Clearfield, Inc. (CLFD) had a net profit margin of -5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Clearfield, Inc.'s return on equity (ROE)?

Clearfield, Inc. (CLFD) has a return on equity of -3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Clearfield, Inc.'s free cash flow?

Clearfield, Inc. (CLFD) generated $21.8M in free cash flow during fiscal year 2025. This represents a 72.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Clearfield, Inc.'s operating cash flow?

Clearfield, Inc. (CLFD) generated $26.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Clearfield, Inc.'s total assets?

Clearfield, Inc. (CLFD) had $306.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Clearfield, Inc.'s capital expenditures?

Clearfield, Inc. (CLFD) invested $4.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Clearfield, Inc. spend on research and development?

Clearfield, Inc. (CLFD) invested $2.4M in research and development during fiscal year 2025.

Does Clearfield, Inc. buy back shares?

Yes, Clearfield, Inc. (CLFD) spent $16.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Clearfield, Inc. have outstanding?

Clearfield, Inc. (CLFD) had 14M shares outstanding as of fiscal year 2025.

What is Clearfield, Inc.'s current ratio?

Clearfield, Inc. (CLFD) had a current ratio of 5.42 as of fiscal year 2025, which is generally considered healthy.

What is Clearfield, Inc.'s debt-to-equity ratio?

Clearfield, Inc. (CLFD) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Clearfield, Inc.'s return on assets (ROA)?

Clearfield, Inc. (CLFD) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Clearfield, Inc.'s P/E ratio?

Clearfield, Inc. (CLFD) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $454.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Clearfield, Inc.'s price-to-sales ratio?

Clearfield, Inc. (CLFD) trades at 3.0x sales, its market capitalization divided by revenue of $153.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $454.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Clearfield, Inc.'s Altman Z-Score?

Clearfield, Inc. (CLFD) has an Altman Z-Score of 7.09, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Clearfield, Inc.'s Piotroski F-Score?

Clearfield, Inc. (CLFD) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Clearfield, Inc.'s earnings high quality?

Clearfield, Inc. (CLFD) reported a net loss of $8.1M while generating $26.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Clearfield, Inc.?

Clearfield, Inc. (CLFD) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.