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

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $34.3M, roughly 1.3× Clearfield, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -3.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -3.5%).

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

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

CLFD vs DX — Head-to-Head

Bigger by revenue
DX
DX
1.3× larger
DX
$43.5M
$34.3M
CLFD
Growing faster (revenue YoY)
DX
DX
+534.5% gap
DX
531.3%
-3.2%
CLFD
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
DX
DX
Revenue
$34.3M
$43.5M
Net Profit
$-614.0K
Gross Margin
33.2%
Operating Margin
-5.3%
Net Margin
-1.8%
Revenue YoY
-3.2%
531.3%
Net Profit YoY
67.8%
EPS (diluted)
$-0.04
$1.59

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
DX
DX
Q4 25
$34.3M
$43.5M
Q3 25
$23.4M
$30.6M
Q2 25
$49.9M
$23.1M
Q1 25
$47.2M
$17.1M
Q4 24
$29.7M
Q3 24
$5.6M
Q2 24
$48.8M
Q1 24
$36.9M
$-3.2M
Net Profit
CLFD
CLFD
DX
DX
Q4 25
$-614.0K
Q3 25
$-9.1M
$150.4M
Q2 25
$1.6M
$-13.6M
Q1 25
$1.3M
$-3.1M
Q4 24
$-1.9M
Q3 24
Q2 24
$-447.0K
Q1 24
$-5.9M
$40.1M
Gross Margin
CLFD
CLFD
DX
DX
Q4 25
33.2%
Q3 25
53.2%
Q2 25
30.5%
Q1 25
30.1%
Q4 24
29.2%
Q3 24
Q2 24
21.9%
Q1 24
7.7%
Operating Margin
CLFD
CLFD
DX
DX
Q4 25
-5.3%
Q3 25
10.3%
Q2 25
3.0%
Q1 25
0.6%
Q4 24
-6.9%
Q3 24
Q2 24
-4.7%
Q1 24
-26.4%
Net Margin
CLFD
CLFD
DX
DX
Q4 25
-1.8%
Q3 25
-38.8%
491.3%
Q2 25
3.2%
-58.8%
Q1 25
2.8%
-18.0%
Q4 24
-6.4%
Q3 24
Q2 24
-0.9%
Q1 24
-16.0%
-1256.8%
EPS (diluted)
CLFD
CLFD
DX
DX
Q4 25
$-0.04
$1.59
Q3 25
$-0.65
$1.08
Q2 25
$0.11
$-0.14
Q1 25
$0.09
$-0.06
Q4 24
$-0.13
Q3 24
Q2 24
$-0.04
Q1 24
$-0.40
$0.64

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
DX
DX
Cash + ST InvestmentsLiquidity on hand
$96.4M
$531.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$2.5B
Total Assets
$268.1M
$17.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
DX
DX
Q4 25
$96.4M
$531.0M
Q3 25
$106.0M
$491.0M
Q2 25
$117.2M
$387.5M
Q1 25
$112.0M
$327.4M
Q4 24
$113.0M
Q3 24
$129.0M
Q2 24
$123.8M
Q1 24
$142.9M
$295.7M
Total Debt
CLFD
CLFD
DX
DX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
DX
DX
Q4 25
$249.7M
$2.5B
Q3 25
$256.2M
$2.0B
Q2 25
$264.5M
$1.6B
Q1 25
$265.9M
$1.4B
Q4 24
$267.4M
Q3 24
$275.8M
Q2 24
$274.6M
Q1 24
$279.2M
$958.5M
Total Assets
CLFD
CLFD
DX
DX
Q4 25
$268.1M
$17.3B
Q3 25
$306.2M
$14.2B
Q2 25
$314.7M
$11.3B
Q1 25
$310.9M
$9.0B
Q4 24
$303.2M
Q3 24
$315.3M
Q2 24
$318.1M
Q1 24
$315.4M
$6.3B
Debt / Equity
CLFD
CLFD
DX
DX
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
DX
DX
Operating Cash FlowLast quarter
$-1.4M
$120.8M
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.

Operating Cash Flow
CLFD
CLFD
DX
DX
Q4 25
$-1.4M
$120.8M
Q3 25
$68.3M
Q2 25
$7.9M
$31.9M
Q1 25
$3.0M
$6.4M
Q4 24
$7.2M
Q3 24
$22.2M
Q2 24
$4.0M
Q1 24
$-5.7M
$-17.1M
Free Cash Flow
CLFD
CLFD
DX
DX
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
FCF Margin
CLFD
CLFD
DX
DX
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%
Capex Intensity
CLFD
CLFD
DX
DX
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%
Cash Conversion
CLFD
CLFD
DX
DX
Q4 25
Q3 25
0.45×
Q2 25
4.93×
Q1 25
2.30×
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

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