CLFD

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Clearfield, Inc.

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Key Metrics

Previous Close: $27.89
52-Week Range: $23.76 – $52.73
Market Cap: $374.10M
P/E (TTM): 94.97
EPS (TTM): 0.29
Dividend Yield: —

Advanced Metrics

Price/Book: 1.52
PEG Ratio: —
Return on Equity: 1.56%
Return on Assets: -0.08%
Gross Margin: 33.01%
Operating Margin: 5.86%
Profit Margin: -4.70%
Current Ratio: 12.53
Debt/Equity: 0.04
Total Debt: $10.28M
Free Cash Flow: $21.56M
Revenue Growth: 13.20%
Earnings Growth: 104.10%
Enterprise Value: $283.16M

CLFD Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$270.88M	$225.72M	$125.57M	$150.13M
Cost of Revenue	$157.94M	$145.87M	$99.72M	$99.60M
Gross Profit	$112.95M	$79.86M	$25.85M	$50.54M
Selling, General & Admin	$49.13M	$42.28M	$45.08M	$48.42M
Operating Expenses	$49.13M	$42.28M	$45.08M	$48.42M
Operating Income	$63.82M	$37.58M	-$19.23M	$2.12M
EBITDA	$67.57M	$47.37M	-$5.84M	$14.79M
Pretax Income	$63.83M	$42.61M	-$11.76M	$8.67M
Income Tax	$14.47M	$8.88M	-$3.25M	$2.36M
Net Income	$49.36M	$32.53M	-$12.45M	-$8.05M
Diluted EPS	3.55	2.17	-0.85	-0.58
Diluted Shares	13.91M	15.01M	14.58M	13.99M

CLFD Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$16.65M	$37.83M	$14.15M	$21.49M
Receivables	$53.70M	$28.39M	$13.84M	$17.99M
Inventory	$82.21M	$98.06M	$56.10M	$42.03M
Current Assets	$160.12M	$296.25M	$229.59M	$198.49M
Total Assets	$229.13M	$355.52M	$315.27M	$306.17M
Current Liabilities	$51.69M	$29.00M	$24.35M	$36.60M
Long-Term Debt	$18.67M	—	$2.23M	—
Total Debt	$32.46M	$16.48M	$11.29M	$8.76M
Total Liabilities	$81.55M	$40.35M	$39.51M	$50.01M
Retained Earnings	$94.80M	$127.34M	$114.96M	$106.91M
Shareholders' Equity	$147.58M	$315.16M	$275.76M	$256.16M
Working Capital	$108.43M	$267.25M	$205.24M	$161.88M
Net Debt	$2.02M	—	—	—

CLFD Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.26M	$24.60M	$17.77M	$26.55M
Capital Expenditure	-$9.15M	-$7.44M	-$7.99M	-$4.74M
Free Cash Flow	-$6.89M	$17.16M	$9.79M	$21.81M
Depreciation & Amortisation	$3.43M	$4.59M	$5.92M	$6.12M
Stock-Based Compensation	$2.34M	$3.58M	$4.38M	$4.60M
Investing Cash Flow	-$8.20M	-$111.30M	-$5.27M	-$7.05M
Financing Cash Flow	$9.40M	$113.42M	-$33.29M	-$17.24M
Share Repurchases	-$1.41M	-$1.22M	-$33.87M	-$17.15M
Net Change in Cash	$3.46M	$21.18M	-$21.58M	$6.37M

CLFD Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$40.62M	$49.90M	$17.59M	$34.34M	$34.39M
Cost of Revenue	$26.66M	$34.67M	$4.66M	$22.95M	$23.23M
Gross Profit	$13.96M	$15.23M	$12.93M	$11.39M	$11.16M
Selling, General & Admin	$12.28M	$13.74M	$8.60M	$13.21M	$13.23M
Operating Expenses	$12.28M	$13.74M	$8.60M	$13.21M	$13.23M
Operating Income	$1.68M	$1.50M	$4.33M	-$1.82M	-$2.07M
EBITDA	$3.23M	$5.79M	$6.32M	-$209.00K	-$494.00K
Pretax Income	$3.27M	$2.98M	$6.24M	-$278.00K	-$704.00K
Income Tax	$722.00K	$1.37M	$956.00K	-$1.00K	-$176.00K
Net Income	$1.33M	$1.61M	-$9.08M	-$614.00K	-$528.00K
Diluted EPS	0.09	0.11	—	-0.04	-0.04
Diluted Shares	14.10M	13.83M	—	13.87M	13.67M

CLFD Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$28.85M	$33.87M	$21.49M	$13.88M	$9.40M
Receivables	$24.20M	$26.61M	$17.99M	$14.97M	$20.86M
Inventory	$56.08M	$53.75M	$42.03M	$40.20M	$36.92M
Current Assets	$206.27M	$212.64M	$198.49M	$165.74M	$163.00M
Total Assets	$310.86M	$314.71M	$306.17M	$268.05M	$263.55M
Current Liabilities	$30.50M	$35.89M	$36.60M	$13.21M	$12.69M
Total Debt	$21.64M	$21.67M	$8.76M	$8.08M	$10.94M
Total Liabilities	$44.96M	$50.23M	$50.01M	$18.40M	$20.74M
Retained Earnings	$114.38M	$115.99M	$106.91M	$106.30M	$105.77M
Shareholders' Equity	$265.90M	$264.48M	$256.16M	$249.65M	$242.81M
Working Capital	$175.77M	$176.75M	$161.88M	$152.53M	$150.31M

CLFD Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$4.41M	$5.67M	$8.44M	-$1.44M	-$1.07M
Capital Expenditure	-$1.32M	-$2.15M	—	-$988.00K	-$1.02M
Free Cash Flow	$3.09M	$3.52M	$8.91M	-$2.43M	-$2.09M
Depreciation & Amortisation	$1.55M	$2.71M	$355.00K	$1.61M	$1.57M
Stock-Based Compensation	$1.17M	$1.52M	$852.00K	$1.27M	$1.32M
Investing Cash Flow	-$842.00K	-$810.00K	-$19.11M	-$293.00K	$3.92M
Financing Cash Flow	-$4.75M	-$1.14M	-$4.88M	-$6.09M	-$7.33M
Share Repurchases	-$4.74M	-$5.65M	$12.00K	-$6.28M	-$7.32M
Net Change in Cash	-$1.49M	$5.15M	-$11.45M	-$7.64M	-$4.47M

Market Snapshot

About

Clearfield, Inc. designs, manufactures, and distributes fiber optic management and connectivity products for telecommunications networks. Based in Brooklyn Park, Minnesota, the company provides solutions that enable service providers to deploy and manage fiber-to-the-home (FTTH) and other broadband networks. Its FieldSmart product line includes cabinets, enclosures, panels, and assemblies that simplify fiber deployment and reduce installation costs. Clearfield serves telecommunications carriers, cable operators, and utilities expanding fiber infrastructure across North America and internationally.