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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Consolidated Water Co. Ltd. (CWCO). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $29.6M, roughly 1.2× Consolidated Water Co. Ltd.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs -1.8%, a 12.0% gap on every dollar of revenue. On growth, Consolidated Water Co. Ltd. posted the faster year-over-year revenue change (4.4% vs -3.2%). Consolidated Water Co. Ltd. produced more free cash flow last quarter ($3.4M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -13.6%).

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.

CLFD vs CWCO — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.2× larger
CLFD
$34.3M
$29.6M
CWCO
Growing faster (revenue YoY)
CWCO
CWCO
+7.6% gap
CWCO
4.4%
-3.2%
CLFD
Higher net margin
CWCO
CWCO
12.0% more per $
CWCO
10.3%
-1.8%
CLFD
More free cash flow
CWCO
CWCO
$5.8M more FCF
CWCO
$3.4M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
CLFD
CLFD
Annualised
CLFD
-3.5%
-13.6%
CWCO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
CWCO
CWCO
Revenue
$34.3M
$29.6M
Net Profit
$-614.0K
$3.0M
Gross Margin
33.2%
34.7%
Operating Margin
-5.3%
9.1%
Net Margin
-1.8%
10.3%
Revenue YoY
-3.2%
4.4%
Net Profit YoY
67.8%
91.5%
EPS (diluted)
$-0.04
$0.18

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.

Revenue
CLFD
CLFD
CWCO
CWCO
Q4 25
$34.3M
$29.6M
Q3 25
$23.4M
$35.1M
Q2 25
$49.9M
$33.6M
Q1 25
$47.2M
$33.7M
Q4 24
$29.7M
$28.4M
Q3 24
$5.6M
$33.4M
Q2 24
$48.8M
$32.5M
Q1 24
$36.9M
$39.7M
Net Profit
CLFD
CLFD
CWCO
CWCO
Q4 25
$-614.0K
$3.0M
Q3 25
$-9.1M
$5.5M
Q2 25
$1.6M
$5.1M
Q1 25
$1.3M
$4.8M
Q4 24
$-1.9M
$1.6M
Q3 24
$4.5M
Q2 24
$-447.0K
$15.9M
Q1 24
$-5.9M
$6.5M
Gross Margin
CLFD
CLFD
CWCO
CWCO
Q4 25
33.2%
34.7%
Q3 25
53.2%
36.9%
Q2 25
30.5%
38.2%
Q1 25
30.1%
36.5%
Q4 24
29.2%
29.9%
Q3 24
34.8%
Q2 24
21.9%
35.8%
Q1 24
7.7%
35.0%
Operating Margin
CLFD
CLFD
CWCO
CWCO
Q4 25
-5.3%
9.1%
Q3 25
10.3%
16.4%
Q2 25
3.0%
15.7%
Q1 25
0.6%
13.7%
Q4 24
-6.9%
3.8%
Q3 24
14.6%
Q2 24
-4.7%
15.4%
Q1 24
-26.4%
18.4%
Net Margin
CLFD
CLFD
CWCO
CWCO
Q4 25
-1.8%
10.3%
Q3 25
-38.8%
15.8%
Q2 25
3.2%
15.2%
Q1 25
2.8%
14.2%
Q4 24
-6.4%
5.6%
Q3 24
13.3%
Q2 24
-0.9%
48.8%
Q1 24
-16.0%
16.3%
EPS (diluted)
CLFD
CLFD
CWCO
CWCO
Q4 25
$-0.04
$0.18
Q3 25
$-0.65
$0.34
Q2 25
$0.11
$0.32
Q1 25
$0.09
$0.30
Q4 24
$-0.13
$0.10
Q3 24
$0.28
Q2 24
$-0.04
$0.99
Q1 24
$-0.40
$0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLFD
CLFD
CWCO
CWCO
Cash + ST InvestmentsLiquidity on hand
$96.4M
$123.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$221.7M
Total Assets
$268.1M
$257.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
CWCO
CWCO
Q4 25
$96.4M
$123.8M
Q3 25
$106.0M
$123.6M
Q2 25
$117.2M
$112.2M
Q1 25
$112.0M
$107.9M
Q4 24
$113.0M
$99.4M
Q3 24
$129.0M
$104.9M
Q2 24
$123.8M
$96.7M
Q1 24
$142.9M
$46.2M
Total Debt
CLFD
CLFD
CWCO
CWCO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
CWCO
CWCO
Q4 25
$249.7M
$221.7M
Q3 25
$256.2M
$220.4M
Q2 25
$264.5M
$216.6M
Q1 25
$265.9M
$213.3M
Q4 24
$267.4M
$210.0M
Q3 24
$275.8M
$209.8M
Q2 24
$274.6M
$206.7M
Q1 24
$279.2M
$192.1M
Total Assets
CLFD
CLFD
CWCO
CWCO
Q4 25
$268.1M
$257.6M
Q3 25
$306.2M
$257.2M
Q2 25
$314.7M
$257.5M
Q1 25
$310.9M
$250.4M
Q4 24
$303.2M
$243.3M
Q3 24
$315.3M
$238.4M
Q2 24
$318.1M
$235.2M
Q1 24
$315.4M
$223.2M
Debt / Equity
CLFD
CLFD
CWCO
CWCO
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
CLFD
CLFD
CWCO
CWCO
Operating Cash FlowLast quarter
$-1.4M
$5.8M
Free Cash FlowOCF − Capex
$-2.4M
$3.4M
FCF MarginFCF / Revenue
-7.1%
11.4%
Capex IntensityCapex / Revenue
2.9%
8.1%
Cash ConversionOCF / Net Profit
1.90×
TTM Free Cash FlowTrailing 4 quarters
$33.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
CWCO
CWCO
Q4 25
$-1.4M
$5.8M
Q3 25
$15.4M
Q2 25
$7.9M
$8.8M
Q1 25
$3.0M
$11.8M
Q4 24
$7.2M
$-742.0K
Q3 24
$22.2M
$10.4M
Q2 24
$4.0M
$21.0M
Q1 24
$-5.7M
$6.0M
Free Cash Flow
CLFD
CLFD
CWCO
CWCO
Q4 25
$-2.4M
$3.4M
Q3 25
$13.5M
Q2 25
$7.5M
$6.1M
Q1 25
$654.0K
$10.2M
Q4 24
$5.1M
$-3.7M
Q3 24
$18.2M
$8.3M
Q2 24
$2.8M
$19.8M
Q1 24
$-7.7M
$5.4M
FCF Margin
CLFD
CLFD
CWCO
CWCO
Q4 25
-7.1%
11.4%
Q3 25
38.4%
Q2 25
15.1%
18.3%
Q1 25
1.4%
30.1%
Q4 24
17.1%
-13.0%
Q3 24
323.0%
24.9%
Q2 24
5.8%
60.8%
Q1 24
-20.8%
13.7%
Capex Intensity
CLFD
CLFD
CWCO
CWCO
Q4 25
2.9%
8.1%
Q3 25
2.0%
5.5%
Q2 25
0.8%
7.8%
Q1 25
5.1%
4.7%
Q4 24
7.0%
10.4%
Q3 24
71.4%
6.1%
Q2 24
2.5%
3.7%
Q1 24
5.3%
1.3%
Cash Conversion
CLFD
CLFD
CWCO
CWCO
Q4 25
1.90×
Q3 25
2.79×
Q2 25
4.93×
1.72×
Q1 25
2.30×
2.45×
Q4 24
-0.47×
Q3 24
2.32×
Q2 24
1.32×
Q1 24
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

CWCO
CWCO

Services Revenues$10.5M35%
Transferred At Point In Time$8.5M29%
Operations And Maintenance$8.4M28%
Transferred Over Time$1.9M7%

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