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Clearfield, Inc.(CLFD)Earnings, Financials & Key Ratios
CLFD•NASDAQ
$32.49
Price updated Jul 7, 2026
AboutClearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. The company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. It also provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. The company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and multiple systems operators and cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.Show more
- Revenue$150M+19.6%
- EBITDA$8M+161.9%
- Net Income-$8M+35.4%
- EPS (Diluted)-0.58+31.8%
- Gross Margin33.66%+63.5%
- EBITDA Margin5.49%+151.8%
- Operating Margin1.41%+109.2%
- Net Margin-5.36%+45.9%
- ROE-3.03%+28.2%
CLFD Price & Volume
Clearfield, Inc. (CLFD) stock price & volume — 10-year historical chart
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Cyclical Revenue Contraction Pressures Operational Margin Stability
Investment Thesis • Updated 2026Q2
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:BEAD funding implementation delays
Key Thesis Takeaways
- Clearfield faces a challenging transition as it navigates a prolonged rural broadband inventory digestion cycle, evidenced by a 27.1% year-over-year revenue decline in 2026Q2.
- While the company maintains a conservative capital structure with a 0.05 debt-to-equity ratio, the lack of consistent profitability and negative -1.5% net margins suggest significant execution risk.
- Investors should monitor the company's ability to scale its modular architecture effectively, as current fixed operating costs continue to outpace top-line growth in a volatile demand environment.
Verdict Logic
the company's transition to a cash-burning state, highlighted by a -6.1% free cash flow margin in 2026Q2, suggests that current valuation multiples like the 73.23 forward P/E may not adequately reflect ongoing operational headwinds.
CLFD Growth Metrics
Clearfield, Inc. (CLFD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.55%
5 Years10.03%
3 Years-17.86%
TTM-21%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-364.87%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-389.87%
Return on Capital
10 Years13.31%
5 Years16.22%
3 Years3.15%
Last Year0.76%
CLFD Recent Earnings
Clearfield, Inc. (CLFD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
$34M+2.4%
$34M
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$0.02+50.0%
$0.04
Rev
$34M+8.3%
$32M
Q4 2025
Nov 25, 2025Metric
Actual
Est
EPS
$0.13+44.4%
$0.09
Rev
$18M-55.9%
$40M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.11+120.0%
$0.05
Rev
$50M-1.8%
$51M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.04vs $0.04+0.0% | $34Mvs $34M+2.4% |
| Q1 2026 | Feb 4, 2026 | $0.02vs $0.04+50.0% | $34Mvs $32M+8.3% |
| Q4 2025 | Nov 25, 2025 | $0.13vs $0.09+44.4% | $18Mvs $40M-55.9% |
| Q3 2025 | Aug 6, 2025 | $0.11vs $0.05+120.0% | $50Mvs $51M-1.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Clearfield, Inc. (CLFD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $32.49 | $444.64M | -56.02 | 19.56% | -5.36% | -3.03% | — | |
| $11.66 | $583.66M | -3.07 | -5.82% | -17.88% | — | — | |
| $12.54 | $1.01B | -22.00 | 17.46% | -2.64% | -5.53% | — | |
| $38.41 | $2.45B | 147.73 | 20.26% | 3.2% | 4.25% | — | |
| $17.82 | $3.95B | -10.01 | -7.87% | 1.16% | — | — | |
| $40.22 | $9.31B | 268.13 | 8.39% | -4.03% | -6.92% | — |
Compare CLFD vs Peers
Clearfield, Inc. (CLFD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLFD SEC Filings & Documents
Clearfield, Inc. (CLFD) SEC filings — annual & quarterly reports (10-K, 10-Q)
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CLFD Frequently Asked Questions
Clearfield, Inc. (CLFD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Clearfield, Inc.'s revenue?
Clearfield, Inc. (CLFD) reported $136.2M in revenue for fiscal year 2025. This represents a 5349% increase from $2.5M in 1996.
How fast is Clearfield, Inc. growing?
Clearfield, Inc. (CLFD) grew revenue by 19.6% over the past year. This is strong growth.
Is CLFD profitable?
Clearfield, Inc. (CLFD) reported a net loss of $8.6M for fiscal year 2025.
Dividend & Returns
What is CLFD's return on equity?
Clearfield, Inc. (CLFD) has a return on equity (ROE) of -3.0%. Negative ROE indicates the company is unprofitable.
What is Clearfield, Inc.'s free cash flow?
Clearfield, Inc. (CLFD) generated $16.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.