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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $34.3M, roughly 1.9× Clearfield, Inc.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -3.2%). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-2.4M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
CLFD vs ESTA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $64.6M |
| Net Profit | $-614.0K | — |
| Gross Margin | 33.2% | 70.5% |
| Operating Margin | -5.3% | -6.1% |
| Net Margin | -1.8% | — |
| Revenue YoY | -3.2% | 45.2% |
| Net Profit YoY | 67.8% | — |
| EPS (diluted) | $-0.04 | $-0.07 |
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.
| Q4 25 | $34.3M | $64.6M | ||
| Q3 25 | $23.4M | $53.8M | ||
| Q2 25 | $49.9M | $51.3M | ||
| Q1 25 | $47.2M | $41.4M | ||
| Q4 24 | $29.7M | $44.5M | ||
| Q3 24 | $5.6M | $40.2M | ||
| Q2 24 | $48.8M | $44.1M | ||
| Q1 24 | $36.9M | $37.2M |
| Q4 25 | $-614.0K | — | ||
| Q3 25 | $-9.1M | $-11.1M | ||
| Q2 25 | $1.6M | $-16.6M | ||
| Q1 25 | $1.3M | $-20.7M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | — | $-16.7M | ||
| Q2 24 | $-447.0K | $-17.2M | ||
| Q1 24 | $-5.9M | $-16.2M |
| Q4 25 | 33.2% | 70.5% | ||
| Q3 25 | 53.2% | 70.1% | ||
| Q2 25 | 30.5% | 68.8% | ||
| Q1 25 | 30.1% | 67.2% | ||
| Q4 24 | 29.2% | 68.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | 21.9% | 65.6% | ||
| Q1 24 | 7.7% | 65.6% |
| Q4 25 | -5.3% | -6.1% | ||
| Q3 25 | 10.3% | -7.5% | ||
| Q2 25 | 3.0% | -27.5% | ||
| Q1 25 | 0.6% | -41.0% | ||
| Q4 24 | -6.9% | -41.9% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | -4.7% | -21.2% | ||
| Q1 24 | -26.4% | -23.8% |
| Q4 25 | -1.8% | — | ||
| Q3 25 | -38.8% | -20.7% | ||
| Q2 25 | 3.2% | -32.3% | ||
| Q1 25 | 2.8% | -50.1% | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | — | -41.5% | ||
| Q2 24 | -0.9% | -38.9% | ||
| Q1 24 | -16.0% | -43.6% |
| Q4 25 | $-0.04 | $-0.07 | ||
| Q3 25 | $-0.65 | $-0.38 | ||
| Q2 25 | $0.11 | $-0.57 | ||
| Q1 25 | $0.09 | $-0.70 | ||
| Q4 24 | $-0.13 | $-1.21 | ||
| Q3 24 | — | $-0.59 | ||
| Q2 24 | $-0.04 | $-0.62 | ||
| Q1 24 | $-0.40 | $-0.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $96.4M | $75.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $23.5M |
| Total Assets | $268.1M | $357.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $75.6M | ||
| Q3 25 | $106.0M | $70.6M | ||
| Q2 25 | $117.2M | $54.6M | ||
| Q1 25 | $112.0M | $69.2M | ||
| Q4 24 | $113.0M | $90.3M | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $23.5M | ||
| Q3 25 | $256.2M | $16.4M | ||
| Q2 25 | $264.5M | $22.8M | ||
| Q1 25 | $265.9M | $38.5M | ||
| Q4 24 | $267.4M | $53.1M | ||
| Q3 24 | $275.8M | $32.7M | ||
| Q2 24 | $274.6M | $45.0M | ||
| Q1 24 | $279.2M | $56.9M |
| Q4 25 | $268.1M | $357.2M | ||
| Q3 25 | $306.2M | $338.9M | ||
| Q2 25 | $314.7M | $329.7M | ||
| Q1 25 | $310.9M | $333.4M | ||
| Q4 24 | $303.2M | $346.8M | ||
| Q3 24 | $315.3M | $282.7M | ||
| Q2 24 | $318.1M | $285.1M | ||
| Q1 24 | $315.4M | $301.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $-162.0K |
| Free Cash FlowOCF − Capex | $-2.4M | $-2.0M |
| FCF MarginFCF / Revenue | -7.1% | -3.1% |
| Capex IntensityCapex / Revenue | 2.9% | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $-162.0K | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | $7.9M | $-18.8M | ||
| Q1 25 | $3.0M | $-20.7M | ||
| Q4 24 | $7.2M | $-20.7M | ||
| Q3 24 | $22.2M | $-12.5M | ||
| Q2 24 | $4.0M | $-14.2M | ||
| Q1 24 | $-5.7M | $-11.2M |
| Q4 25 | $-2.4M | $-2.0M | ||
| Q3 25 | — | $-13.1M | ||
| Q2 25 | $7.5M | $-20.4M | ||
| Q1 25 | $654.0K | $-21.5M | ||
| Q4 24 | $5.1M | $-21.3M | ||
| Q3 24 | $18.2M | $-13.9M | ||
| Q2 24 | $2.8M | $-15.0M | ||
| Q1 24 | $-7.7M | $-14.5M |
| Q4 25 | -7.1% | -3.1% | ||
| Q3 25 | — | -24.4% | ||
| Q2 25 | 15.1% | -39.7% | ||
| Q1 25 | 1.4% | -51.9% | ||
| Q4 24 | 17.1% | -47.8% | ||
| Q3 24 | 323.0% | -34.6% | ||
| Q2 24 | 5.8% | -33.9% | ||
| Q1 24 | -20.8% | -38.9% |
| Q4 25 | 2.9% | 2.8% | ||
| Q3 25 | 2.0% | 3.4% | ||
| Q2 25 | 0.8% | 3.2% | ||
| Q1 25 | 5.1% | 1.8% | ||
| Q4 24 | 7.0% | 1.2% | ||
| Q3 24 | 71.4% | 3.7% | ||
| Q2 24 | 2.5% | 1.8% | ||
| Q1 24 | 5.3% | 8.9% |
| 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.
