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

Elme Communities is the larger business by last-quarter revenue ($62.1M vs $34.3M, roughly 1.8× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -198.9%, a 197.1% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -3.2%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-2.4M). Over the past eight quarters, Elme Communities's revenue compounded faster (2.7% CAGR vs -3.5%).

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

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

CLFD vs ELME — Head-to-Head

Bigger by revenue
ELME
ELME
1.8× larger
ELME
$62.1M
$34.3M
CLFD
Growing faster (revenue YoY)
ELME
ELME
+4.9% gap
ELME
1.7%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
197.1% more per $
CLFD
-1.8%
-198.9%
ELME
More free cash flow
ELME
ELME
$9.7M more FCF
ELME
$7.2M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
ELME
ELME
Annualised
ELME
2.7%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CLFD
CLFD
ELME
ELME
Revenue
$34.3M
$62.1M
Net Profit
$-614.0K
$-123.5M
Gross Margin
33.2%
61.1%
Operating Margin
-5.3%
-183.3%
Net Margin
-1.8%
-198.9%
Revenue YoY
-3.2%
1.7%
Net Profit YoY
67.8%
-4058.7%
EPS (diluted)
$-0.04
$-1.40

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
ELME
ELME
Q4 25
$34.3M
Q3 25
$23.4M
$62.1M
Q2 25
$49.9M
$62.1M
Q1 25
$47.2M
$61.5M
Q4 24
$29.7M
$61.3M
Q3 24
$5.6M
$61.1M
Q2 24
$48.8M
$60.1M
Q1 24
$36.9M
$59.5M
Net Profit
CLFD
CLFD
ELME
ELME
Q4 25
$-614.0K
Q3 25
$-9.1M
$-123.5M
Q2 25
$1.6M
$-3.6M
Q1 25
$1.3M
$-4.7M
Q4 24
$-1.9M
$-3.0M
Q3 24
$-3.0M
Q2 24
$-447.0K
$-3.5M
Q1 24
$-5.9M
$-3.6M
Gross Margin
CLFD
CLFD
ELME
ELME
Q4 25
33.2%
Q3 25
53.2%
61.1%
Q2 25
30.5%
63.5%
Q1 25
30.1%
64.2%
Q4 24
29.2%
62.9%
Q3 24
63.5%
Q2 24
21.9%
63.4%
Q1 24
7.7%
63.5%
Operating Margin
CLFD
CLFD
ELME
ELME
Q4 25
-5.3%
Q3 25
10.3%
-183.3%
Q2 25
3.0%
9.6%
Q1 25
0.6%
7.8%
Q4 24
-6.9%
10.4%
Q3 24
11.0%
Q2 24
-4.7%
9.8%
Q1 24
-26.4%
7.5%
Net Margin
CLFD
CLFD
ELME
ELME
Q4 25
-1.8%
Q3 25
-38.8%
-198.9%
Q2 25
3.2%
-5.7%
Q1 25
2.8%
-7.6%
Q4 24
-6.4%
-4.9%
Q3 24
-4.9%
Q2 24
-0.9%
-5.8%
Q1 24
-16.0%
-6.1%
EPS (diluted)
CLFD
CLFD
ELME
ELME
Q4 25
$-0.04
Q3 25
$-0.65
$-1.40
Q2 25
$0.11
$-0.04
Q1 25
$0.09
$-0.05
Q4 24
$-0.13
$-0.04
Q3 24
$-0.03
Q2 24
$-0.04
$-0.04
Q1 24
$-0.40
$-0.04

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
ELME
ELME
Cash + ST InvestmentsLiquidity on hand
$96.4M
$7.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$908.9M
Total Assets
$268.1M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
ELME
ELME
Q4 25
$96.4M
Q3 25
$106.0M
$7.1M
Q2 25
$117.2M
$4.8M
Q1 25
$112.0M
$6.4M
Q4 24
$113.0M
$6.1M
Q3 24
$129.0M
$4.8M
Q2 24
$123.8M
$5.6M
Q1 24
$142.9M
$4.2M
Total Debt
CLFD
CLFD
ELME
ELME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
ELME
ELME
Q4 25
$249.7M
Q3 25
$256.2M
$908.9M
Q2 25
$264.5M
$1.0B
Q1 25
$265.9M
$1.1B
Q4 24
$267.4M
$1.1B
Q3 24
$275.8M
$1.1B
Q2 24
$274.6M
$1.1B
Q1 24
$279.2M
$1.1B
Total Assets
CLFD
CLFD
ELME
ELME
Q4 25
$268.1M
Q3 25
$306.2M
$1.7B
Q2 25
$314.7M
$1.8B
Q1 25
$310.9M
$1.8B
Q4 24
$303.2M
$1.8B
Q3 24
$315.3M
$1.9B
Q2 24
$318.1M
$1.9B
Q1 24
$315.4M
$1.9B
Debt / Equity
CLFD
CLFD
ELME
ELME
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
ELME
ELME
Operating Cash FlowLast quarter
$-1.4M
$15.9M
Free Cash FlowOCF − Capex
$-2.4M
$7.2M
FCF MarginFCF / Revenue
-7.1%
11.6%
Capex IntensityCapex / Revenue
2.9%
14.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
ELME
ELME
Q4 25
$-1.4M
Q3 25
$15.9M
Q2 25
$7.9M
$29.8M
Q1 25
$3.0M
$16.2M
Q4 24
$7.2M
$95.2M
Q3 24
$22.2M
$20.7M
Q2 24
$4.0M
$28.9M
Q1 24
$-5.7M
$21.2M
Free Cash Flow
CLFD
CLFD
ELME
ELME
Q4 25
$-2.4M
Q3 25
$7.2M
Q2 25
$7.5M
$21.1M
Q1 25
$654.0K
$10.5M
Q4 24
$5.1M
$47.9M
Q3 24
$18.2M
$8.8M
Q2 24
$2.8M
$21.0M
Q1 24
$-7.7M
$7.6M
FCF Margin
CLFD
CLFD
ELME
ELME
Q4 25
-7.1%
Q3 25
11.6%
Q2 25
15.1%
34.1%
Q1 25
1.4%
17.1%
Q4 24
17.1%
78.1%
Q3 24
323.0%
14.4%
Q2 24
5.8%
34.9%
Q1 24
-20.8%
12.8%
Capex Intensity
CLFD
CLFD
ELME
ELME
Q4 25
2.9%
Q3 25
2.0%
14.0%
Q2 25
0.8%
14.0%
Q1 25
5.1%
9.2%
Q4 24
7.0%
77.4%
Q3 24
71.4%
19.4%
Q2 24
2.5%
13.1%
Q1 24
5.3%
22.9%
Cash Conversion
CLFD
CLFD
ELME
ELME
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

CLFD
CLFD

Segment breakdown not available.

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

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