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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $18.9M, roughly 1.8× Electromed, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs -1.8%, a 16.4% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -3.2%). Electromed, Inc. produced more free cash flow last quarter ($2.4M vs $-2.4M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs -3.5%).

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

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

CLFD vs ELMD — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.8× larger
CLFD
$34.3M
$18.9M
ELMD
Growing faster (revenue YoY)
ELMD
ELMD
+19.5% gap
ELMD
16.3%
-3.2%
CLFD
Higher net margin
ELMD
ELMD
16.4% more per $
ELMD
14.6%
-1.8%
CLFD
More free cash flow
ELMD
ELMD
$4.8M more FCF
ELMD
$2.4M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
CLFD
CLFD
ELMD
ELMD
Revenue
$34.3M
$18.9M
Net Profit
$-614.0K
$2.8M
Gross Margin
33.2%
78.4%
Operating Margin
-5.3%
19.2%
Net Margin
-1.8%
14.6%
Revenue YoY
-3.2%
16.3%
Net Profit YoY
67.8%
40.3%
EPS (diluted)
$-0.04
$0.32

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
ELMD
ELMD
Q4 25
$34.3M
$18.9M
Q3 25
$23.4M
$16.9M
Q2 25
$49.9M
$17.4M
Q1 25
$47.2M
$15.7M
Q4 24
$29.7M
$16.3M
Q3 24
$5.6M
$14.7M
Q2 24
$48.8M
$14.8M
Q1 24
$36.9M
$13.9M
Net Profit
CLFD
CLFD
ELMD
ELMD
Q4 25
$-614.0K
$2.8M
Q3 25
$-9.1M
$2.1M
Q2 25
$1.6M
$2.2M
Q1 25
$1.3M
$1.9M
Q4 24
$-1.9M
$2.0M
Q3 24
$1.5M
Q2 24
$-447.0K
$1.8M
Q1 24
$-5.9M
$1.5M
Gross Margin
CLFD
CLFD
ELMD
ELMD
Q4 25
33.2%
78.4%
Q3 25
53.2%
78.1%
Q2 25
30.5%
78.3%
Q1 25
30.1%
78.0%
Q4 24
29.2%
77.7%
Q3 24
78.3%
Q2 24
21.9%
76.2%
Q1 24
7.7%
74.8%
Operating Margin
CLFD
CLFD
ELMD
ELMD
Q4 25
-5.3%
19.2%
Q3 25
10.3%
15.8%
Q2 25
3.0%
17.5%
Q1 25
0.6%
13.6%
Q4 24
-6.9%
15.6%
Q3 24
13.2%
Q2 24
-4.7%
15.7%
Q1 24
-26.4%
13.3%
Net Margin
CLFD
CLFD
ELMD
ELMD
Q4 25
-1.8%
14.6%
Q3 25
-38.8%
12.6%
Q2 25
3.2%
12.7%
Q1 25
2.8%
12.1%
Q4 24
-6.4%
12.1%
Q3 24
10.0%
Q2 24
-0.9%
12.3%
Q1 24
-16.0%
10.8%
EPS (diluted)
CLFD
CLFD
ELMD
ELMD
Q4 25
$-0.04
$0.32
Q3 25
$-0.65
$0.25
Q2 25
$0.11
$0.26
Q1 25
$0.09
$0.21
Q4 24
$-0.13
$0.22
Q3 24
$0.16
Q2 24
$-0.04
$0.20
Q1 24
$-0.40
$0.17

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
ELMD
ELMD
Cash + ST InvestmentsLiquidity on hand
$96.4M
$13.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$45.4M
Total Assets
$268.1M
$54.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
ELMD
ELMD
Q4 25
$96.4M
$13.8M
Q3 25
$106.0M
$14.1M
Q2 25
$117.2M
$15.3M
Q1 25
$112.0M
$15.2M
Q4 24
$113.0M
$16.2M
Q3 24
$129.0M
$13.9M
Q2 24
$123.8M
$16.1M
Q1 24
$142.9M
$11.7M
Total Debt
CLFD
CLFD
ELMD
ELMD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
ELMD
ELMD
Q4 25
$249.7M
$45.4M
Q3 25
$256.2M
$44.7M
Q2 25
$264.5M
$43.2M
Q1 25
$265.9M
$43.9M
Q4 24
$267.4M
$43.6M
Q3 24
$275.8M
$41.5M
Q2 24
$274.6M
$44.5M
Q1 24
$279.2M
$42.5M
Total Assets
CLFD
CLFD
ELMD
ELMD
Q4 25
$268.1M
$54.9M
Q3 25
$306.2M
$53.6M
Q2 25
$314.7M
$53.8M
Q1 25
$310.9M
$52.5M
Q4 24
$303.2M
$52.3M
Q3 24
$315.3M
$48.9M
Q2 24
$318.1M
$52.2M
Q1 24
$315.4M
$48.9M
Debt / Equity
CLFD
CLFD
ELMD
ELMD
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
ELMD
ELMD
Operating Cash FlowLast quarter
$-1.4M
$3.0M
Free Cash FlowOCF − Capex
$-2.4M
$2.4M
FCF MarginFCF / Revenue
-7.1%
12.7%
Capex IntensityCapex / Revenue
2.9%
3.4%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$7.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
ELMD
ELMD
Q4 25
$-1.4M
$3.0M
Q3 25
$169.0K
Q2 25
$7.9M
$3.9M
Q1 25
$3.0M
$2.1M
Q4 24
$7.2M
$3.2M
Q3 24
$22.2M
$2.3M
Q2 24
$4.0M
$4.5M
Q1 24
$-5.7M
$1.4M
Free Cash Flow
CLFD
CLFD
ELMD
ELMD
Q4 25
$-2.4M
$2.4M
Q3 25
$-83.0K
Q2 25
$7.5M
$3.7M
Q1 25
$654.0K
$1.9M
Q4 24
$5.1M
$2.9M
Q3 24
$18.2M
$2.3M
Q2 24
$2.8M
$4.5M
Q1 24
$-7.7M
$1.3M
FCF Margin
CLFD
CLFD
ELMD
ELMD
Q4 25
-7.1%
12.7%
Q3 25
-0.5%
Q2 25
15.1%
21.4%
Q1 25
1.4%
12.2%
Q4 24
17.1%
18.0%
Q3 24
323.0%
15.5%
Q2 24
5.8%
30.1%
Q1 24
-20.8%
9.1%
Capex Intensity
CLFD
CLFD
ELMD
ELMD
Q4 25
2.9%
3.4%
Q3 25
2.0%
1.5%
Q2 25
0.8%
0.8%
Q1 25
5.1%
1.0%
Q4 24
7.0%
1.4%
Q3 24
71.4%
0.3%
Q2 24
2.5%
0.1%
Q1 24
5.3%
0.6%
Cash Conversion
CLFD
CLFD
ELMD
ELMD
Q4 25
1.10×
Q3 25
0.08×
Q2 25
4.93×
1.75×
Q1 25
2.30×
1.10×
Q4 24
1.60×
Q3 24
1.57×
Q2 24
2.46×
Q1 24
0.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

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