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Side-by-side financial comparison of AEMETIS, INC (AMTX) and Clearfield, Inc. (CLFD). Click either name above to swap in a different company.
AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $34.3M, roughly 1.3× Clearfield, Inc.). On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -7.9%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-10.8M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -22.8%).
Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
AMTX vs CLFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $34.3M |
| Net Profit | — | $-614.0K |
| Gross Margin | 17.8% | 33.2% |
| Operating Margin | -5.7% | -5.3% |
| Net Margin | — | -1.8% |
| Revenue YoY | -7.9% | -3.2% |
| Net Profit YoY | — | 67.8% |
| EPS (diluted) | $-0.03 | $-0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.3M | $34.3M | ||
| Q3 25 | $59.2M | $23.4M | ||
| Q2 25 | $52.2M | $49.9M | ||
| Q1 25 | $42.9M | $47.2M | ||
| Q4 24 | $47.0M | $29.7M | ||
| Q3 24 | $81.4M | $5.6M | ||
| Q2 24 | $66.6M | $48.8M | ||
| Q1 24 | $72.6M | $36.9M |
| Q4 25 | — | $-614.0K | ||
| Q3 25 | $-23.7M | $-9.1M | ||
| Q2 25 | $-23.4M | $1.6M | ||
| Q1 25 | $-24.5M | $1.3M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | $-17.9M | — | ||
| Q2 24 | $-29.2M | $-447.0K | ||
| Q1 24 | $-24.2M | $-5.9M |
| Q4 25 | 17.8% | 33.2% | ||
| Q3 25 | -0.1% | 53.2% | ||
| Q2 25 | -6.4% | 30.5% | ||
| Q1 25 | -11.8% | 30.1% | ||
| Q4 24 | -4.3% | 29.2% | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | -2.7% | 21.9% | ||
| Q1 24 | -0.8% | 7.7% |
| Q4 25 | -5.7% | -5.3% | ||
| Q3 25 | -14.4% | 10.3% | ||
| Q2 25 | -20.4% | 3.0% | ||
| Q1 25 | -36.3% | 0.6% | ||
| Q4 24 | -28.7% | -6.9% | ||
| Q3 24 | -4.8% | — | ||
| Q2 24 | -20.4% | -4.7% | ||
| Q1 24 | -13.0% | -26.4% |
| Q4 25 | — | -1.8% | ||
| Q3 25 | -40.1% | -38.8% | ||
| Q2 25 | -44.8% | 3.2% | ||
| Q1 25 | -57.2% | 2.8% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | -22.0% | — | ||
| Q2 24 | -43.8% | -0.9% | ||
| Q1 24 | -33.4% | -16.0% |
| Q4 25 | $-0.03 | $-0.04 | ||
| Q3 25 | $-0.37 | $-0.65 | ||
| Q2 25 | $-0.41 | $0.11 | ||
| Q1 25 | $-0.47 | $0.09 | ||
| Q4 24 | $-0.29 | $-0.13 | ||
| Q3 24 | $-0.38 | — | ||
| Q2 24 | $-0.66 | $-0.04 | ||
| Q1 24 | $-0.58 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $96.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $249.7M |
| Total Assets | $259.8M | $268.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $96.4M | ||
| Q3 25 | $5.6M | $106.0M | ||
| Q2 25 | $1.6M | $117.2M | ||
| Q1 25 | $499.0K | $112.0M | ||
| Q4 24 | $898.0K | $113.0M | ||
| Q3 24 | $296.0K | $129.0M | ||
| Q2 24 | $234.0K | $123.8M | ||
| Q1 24 | $1.6M | $142.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | $2.2M | ||
| Q2 24 | $309.0M | $2.1M | ||
| Q1 24 | $307.2M | — |
| Q4 25 | $-306.8M | $249.7M | ||
| Q3 25 | $-304.9M | $256.2M | ||
| Q2 25 | $-289.3M | $264.5M | ||
| Q1 25 | $-280.7M | $265.9M | ||
| Q4 24 | $-263.9M | $267.4M | ||
| Q3 24 | $-258.9M | $275.8M | ||
| Q2 24 | $-249.0M | $274.6M | ||
| Q1 24 | $-232.1M | $279.2M |
| Q4 25 | $259.8M | $268.1M | ||
| Q3 25 | $241.1M | $306.2M | ||
| Q2 25 | $240.0M | $314.7M | ||
| Q1 25 | $242.5M | $310.9M | ||
| Q4 24 | $259.3M | $303.2M | ||
| Q3 24 | $259.3M | $315.3M | ||
| Q2 24 | $259.3M | $318.1M | ||
| Q1 24 | $259.3M | $315.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.8M | $-1.4M |
| Free Cash FlowOCF − Capex | $-10.8M | $-2.4M |
| FCF MarginFCF / Revenue | -24.9% | -7.1% |
| Capex IntensityCapex / Revenue | 38.2% | 2.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $-1.4M | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $-5.7M | $7.9M | ||
| Q1 25 | $160.0K | $3.0M | ||
| Q4 24 | $-12.6M | $7.2M | ||
| Q3 24 | $-5.0M | $22.2M | ||
| Q2 24 | $-5.1M | $4.0M | ||
| Q1 24 | $-10.3M | $-5.7M |
| Q4 25 | $-10.8M | $-2.4M | ||
| Q3 25 | $-1.0M | — | ||
| Q2 25 | $-9.3M | $7.5M | ||
| Q1 25 | $-1.7M | $654.0K | ||
| Q4 24 | $-19.4M | $5.1M | ||
| Q3 24 | $-9.5M | $18.2M | ||
| Q2 24 | $-10.5M | $2.8M | ||
| Q1 24 | $-13.9M | $-7.7M |
| Q4 25 | -24.9% | -7.1% | ||
| Q3 25 | -1.7% | — | ||
| Q2 25 | -17.7% | 15.1% | ||
| Q1 25 | -3.9% | 1.4% | ||
| Q4 24 | -41.2% | 17.1% | ||
| Q3 24 | -11.6% | 323.0% | ||
| Q2 24 | -15.8% | 5.8% | ||
| Q1 24 | -19.1% | -20.8% |
| Q4 25 | 38.2% | 2.9% | ||
| Q3 25 | 6.9% | 2.0% | ||
| Q2 25 | 6.7% | 0.8% | ||
| Q1 25 | 4.3% | 5.1% | ||
| Q4 24 | 14.4% | 7.0% | ||
| Q3 24 | 5.5% | 71.4% | ||
| Q2 24 | 8.1% | 2.5% | ||
| Q1 24 | 4.9% | 5.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.93× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
CLFD
Segment breakdown not available.
