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Side-by-side financial comparison of Boxlight Corp (BOXL) and Clearfield, Inc. (CLFD). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $29.3M, roughly 1.2× Boxlight Corp). Clearfield, Inc. runs the higher net margin — -1.8% vs -21.1%, a 19.3% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -19.2%). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -23.1%).
Boxlight Corp is a global provider of interactive technology solutions, including interactive flat panel displays, projectors, collaborative software, and classroom technology accessories. It primarily serves K-12 and higher education institutions, as well as corporate and government customers across North America, Europe, and Asia Pacific, focusing on enhancing learning and work collaboration efficiency.
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
BOXL vs CLFD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $29.3M | $34.3M |
| Net Profit | $-6.2M | $-614.0K |
| Gross Margin | 29.1% | 33.2% |
| Operating Margin | -13.4% | -5.3% |
| Net Margin | -21.1% | -1.8% |
| Revenue YoY | -19.2% | -3.2% |
| Net Profit YoY | -102.0% | 67.8% |
| EPS (diluted) | $-1.88 | $-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 | — | $34.3M | ||
| Q3 25 | $29.3M | $23.4M | ||
| Q2 25 | $30.9M | $49.9M | ||
| Q1 25 | — | $47.2M | ||
| Q4 24 | $24.0M | $29.7M | ||
| Q3 24 | $36.3M | $5.6M | ||
| Q2 24 | $38.5M | $48.8M | ||
| Q1 24 | $37.1M | $36.9M |
| Q4 25 | — | $-614.0K | ||
| Q3 25 | $-6.2M | $-9.1M | ||
| Q2 25 | $-4.7M | $1.6M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | $-16.7M | $-1.9M | ||
| Q3 24 | $-3.1M | — | ||
| Q2 24 | $-1.5M | $-447.0K | ||
| Q1 24 | $-7.1M | $-5.9M |
| Q4 25 | — | 33.2% | ||
| Q3 25 | 29.1% | 53.2% | ||
| Q2 25 | 35.0% | 30.5% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | 30.6% | 29.2% | ||
| Q3 24 | 33.8% | — | ||
| Q2 24 | 37.7% | 21.9% | ||
| Q1 24 | 34.5% | 7.7% |
| Q4 25 | — | -5.3% | ||
| Q3 25 | -13.4% | 10.3% | ||
| Q2 25 | -12.7% | 3.0% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | -67.6% | -6.9% | ||
| Q3 24 | -2.4% | — | ||
| Q2 24 | 3.2% | -4.7% | ||
| Q1 24 | -9.7% | -26.4% |
| Q4 25 | — | -1.8% | ||
| Q3 25 | -21.1% | -38.8% | ||
| Q2 25 | -15.3% | 3.2% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | -69.6% | -6.4% | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | -3.8% | -0.9% | ||
| Q1 24 | -19.1% | -16.0% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | $-1.88 | $-0.65 | ||
| Q2 25 | $-1.53 | $0.11 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | $-87.29 | $-0.13 | ||
| Q3 24 | $-1.72 | — | ||
| Q2 24 | $-0.92 | $-0.04 | ||
| Q1 24 | $-0.76 | $-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 | $11.8M | $96.4M |
| Total DebtLower is stronger | $36.7M | — |
| Stockholders' EquityBook value | $-19.5M | $249.7M |
| Total Assets | $99.6M | $268.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $96.4M | ||
| Q3 25 | $11.8M | $106.0M | ||
| Q2 25 | $7.6M | $117.2M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | $8.0M | $113.0M | ||
| Q3 24 | $10.5M | $129.0M | ||
| Q2 24 | $7.5M | $123.8M | ||
| Q1 24 | $11.8M | $142.9M |
| Q4 25 | — | — | ||
| Q3 25 | $36.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $37.1M | — | ||
| Q3 24 | $38.8M | $2.2M | ||
| Q2 24 | $40.3M | $2.1M | ||
| Q1 24 | $38.5M | — |
| Q4 25 | — | $249.7M | ||
| Q3 25 | $-19.5M | $256.2M | ||
| Q2 25 | $-20.6M | $264.5M | ||
| Q1 25 | — | $265.9M | ||
| Q4 24 | $-12.9M | $267.4M | ||
| Q3 24 | $6.5M | $275.8M | ||
| Q2 24 | $7.5M | $274.6M | ||
| Q1 24 | $9.1M | $279.2M |
| Q4 25 | — | $268.1M | ||
| Q3 25 | $99.6M | $306.2M | ||
| Q2 25 | $99.2M | $314.7M | ||
| Q1 25 | — | $310.9M | ||
| Q4 24 | $115.3M | $303.2M | ||
| Q3 24 | $142.9M | $315.3M | ||
| Q2 24 | $141.3M | $318.1M | ||
| Q1 24 | $142.4M | $315.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.93× | 0.01× | ||
| Q2 24 | 5.38× | 0.01× | ||
| Q1 24 | 4.23× | — |
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 | $1.3M | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-2.4M |
| FCF MarginFCF / Revenue | — | -7.1% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.4M | ||
| Q3 25 | $1.3M | — | ||
| Q2 25 | — | $7.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $1.6M | $7.2M | ||
| Q3 24 | $5.2M | $22.2M | ||
| Q2 24 | $-5.4M | $4.0M | ||
| Q1 24 | $-1.9M | $-5.7M |
| Q4 25 | — | $-2.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $7.5M | ||
| Q1 25 | — | $654.0K | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $18.2M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $-7.7M |
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 323.0% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -20.8% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 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
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
CLFD
Segment breakdown not available.
