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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and DHI GROUP, INC. (DHX). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $31.4M, roughly 1.1× DHI GROUP, INC.). DHI GROUP, INC. runs the higher net margin — 3.0% vs -1.8%, a 4.8% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -9.8%). DHI GROUP, INC. produced more free cash flow last quarter ($5.7M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -6.7%).

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

DHI is an international water software development and engineering consultancy firm with headquarters in Denmark. The profit-for-purpose organisation addresses all challenges in water environments through consultancy services, MIKE Powered by DHI water modelling software, business applications, data portals and operational services. DHI has 30 offices throughout the world, with software development centres in Singapore and Denmark, and approximately 1050 employees.

CLFD vs DHX — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.1× larger
CLFD
$34.3M
$31.4M
DHX
Growing faster (revenue YoY)
CLFD
CLFD
+6.6% gap
CLFD
-3.2%
-9.8%
DHX
Higher net margin
DHX
DHX
4.8% more per $
DHX
3.0%
-1.8%
CLFD
More free cash flow
DHX
DHX
$8.1M more FCF
DHX
$5.7M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
CLFD
CLFD
Annualised
CLFD
-3.5%
-6.7%
DHX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
DHX
DHX
Revenue
$34.3M
$31.4M
Net Profit
$-614.0K
$951.0K
Gross Margin
33.2%
Operating Margin
-5.3%
10.4%
Net Margin
-1.8%
3.0%
Revenue YoY
-3.2%
-9.8%
Net Profit YoY
67.8%
-6.9%
EPS (diluted)
$-0.04
$0.03

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
DHX
DHX
Q4 25
$34.3M
$31.4M
Q3 25
$23.4M
$32.1M
Q2 25
$49.9M
$32.0M
Q1 25
$47.2M
$32.3M
Q4 24
$29.7M
$34.8M
Q3 24
$5.6M
$35.3M
Q2 24
$48.8M
$35.8M
Q1 24
$36.9M
$36.0M
Net Profit
CLFD
CLFD
DHX
DHX
Q4 25
$-614.0K
$951.0K
Q3 25
$-9.1M
$-4.3M
Q2 25
$1.6M
$-841.0K
Q1 25
$1.3M
$-9.4M
Q4 24
$-1.9M
$1.0M
Q3 24
$-200.0K
Q2 24
$-447.0K
$943.0K
Q1 24
$-5.9M
$-1.5M
Gross Margin
CLFD
CLFD
DHX
DHX
Q4 25
33.2%
Q3 25
53.2%
85.7%
Q2 25
30.5%
84.0%
Q1 25
30.1%
83.4%
Q4 24
29.2%
Q3 24
85.6%
Q2 24
21.9%
85.5%
Q1 24
7.7%
86.5%
Operating Margin
CLFD
CLFD
DHX
DHX
Q4 25
-5.3%
10.4%
Q3 25
10.3%
-14.0%
Q2 25
3.0%
-3.9%
Q1 25
0.6%
-27.5%
Q4 24
-6.9%
5.0%
Q3 24
1.8%
Q2 24
-4.7%
5.6%
Q1 24
-26.4%
5.5%
Net Margin
CLFD
CLFD
DHX
DHX
Q4 25
-1.8%
3.0%
Q3 25
-38.8%
-13.3%
Q2 25
3.2%
-2.6%
Q1 25
2.8%
-28.9%
Q4 24
-6.4%
2.9%
Q3 24
-0.6%
Q2 24
-0.9%
2.6%
Q1 24
-16.0%
-4.2%
EPS (diluted)
CLFD
CLFD
DHX
DHX
Q4 25
$-0.04
$0.03
Q3 25
$-0.65
$-0.10
Q2 25
$0.11
$-0.02
Q1 25
$0.09
$-0.21
Q4 24
$-0.13
$0.02
Q3 24
$0.00
Q2 24
$-0.04
$0.02
Q1 24
$-0.40
$-0.03

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
DHX
DHX
Cash + ST InvestmentsLiquidity on hand
$96.4M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$94.5M
Total Assets
$268.1M
$188.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
DHX
DHX
Q4 25
$96.4M
$2.9M
Q3 25
$106.0M
$2.3M
Q2 25
$117.2M
$2.8M
Q1 25
$112.0M
$2.7M
Q4 24
$113.0M
$3.7M
Q3 24
$129.0M
$2.1M
Q2 24
$123.8M
$3.0M
Q1 24
$142.9M
$3.2M
Total Debt
CLFD
CLFD
DHX
DHX
Q4 25
Q3 25
$30.0M
Q2 25
$30.0M
Q1 25
$33.0M
Q4 24
$32.0M
Q3 24
$2.2M
$32.0M
Q2 24
$2.1M
$35.0M
Q1 24
$41.0M
Stockholders' Equity
CLFD
CLFD
DHX
DHX
Q4 25
$249.7M
$94.5M
Q3 25
$256.2M
$97.3M
Q2 25
$264.5M
$102.5M
Q1 25
$265.9M
$103.9M
Q4 24
$267.4M
$114.3M
Q3 24
$275.8M
$111.3M
Q2 24
$274.6M
$109.8M
Q1 24
$279.2M
$106.6M
Total Assets
CLFD
CLFD
DHX
DHX
Q4 25
$268.1M
$188.2M
Q3 25
$306.2M
$192.5M
Q2 25
$314.7M
$204.9M
Q1 25
$310.9M
$212.1M
Q4 24
$303.2M
$221.4M
Q3 24
$315.3M
$219.4M
Q2 24
$318.1M
$224.4M
Q1 24
$315.4M
$231.9M
Debt / Equity
CLFD
CLFD
DHX
DHX
Q4 25
Q3 25
0.31×
Q2 25
0.29×
Q1 25
0.32×
Q4 24
0.28×
Q3 24
0.01×
0.29×
Q2 24
0.01×
0.32×
Q1 24
0.38×

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
DHX
DHX
Operating Cash FlowLast quarter
$-1.4M
$7.2M
Free Cash FlowOCF − Capex
$-2.4M
$5.7M
FCF MarginFCF / Revenue
-7.1%
18.1%
Capex IntensityCapex / Revenue
2.9%
4.9%
Cash ConversionOCF / Net Profit
7.60×
TTM Free Cash FlowTrailing 4 quarters
$13.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
DHX
DHX
Q4 25
$-1.4M
$7.2M
Q3 25
$4.8M
Q2 25
$7.9M
$6.9M
Q1 25
$3.0M
$2.2M
Q4 24
$7.2M
$4.4M
Q3 24
$22.2M
$5.5M
Q2 24
$4.0M
$9.1M
Q1 24
$-5.7M
$2.1M
Free Cash Flow
CLFD
CLFD
DHX
DHX
Q4 25
$-2.4M
$5.7M
Q3 25
$3.2M
Q2 25
$7.5M
$4.8M
Q1 25
$654.0K
$88.0K
Q4 24
$5.1M
$1.6M
Q3 24
$18.2M
$2.3M
Q2 24
$2.8M
$5.6M
Q1 24
$-7.7M
$-2.4M
FCF Margin
CLFD
CLFD
DHX
DHX
Q4 25
-7.1%
18.1%
Q3 25
9.9%
Q2 25
15.1%
15.1%
Q1 25
1.4%
0.3%
Q4 24
17.1%
4.6%
Q3 24
323.0%
6.5%
Q2 24
5.8%
15.6%
Q1 24
-20.8%
-6.5%
Capex Intensity
CLFD
CLFD
DHX
DHX
Q4 25
2.9%
4.9%
Q3 25
2.0%
5.0%
Q2 25
0.8%
6.3%
Q1 25
5.1%
6.7%
Q4 24
7.0%
8.0%
Q3 24
71.4%
9.2%
Q2 24
2.5%
9.7%
Q1 24
5.3%
12.3%
Cash Conversion
CLFD
CLFD
DHX
DHX
Q4 25
7.60×
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
4.27×
Q3 24
Q2 24
9.61×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

DHX
DHX

Clearance Jobs$17.4M56%
Clearance Jobs Segment$13.9M44%

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