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

Evolv Technologies Holdings, Inc. is the larger business by last-quarter revenue ($38.5M vs $34.3M, roughly 1.1× Clearfield, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -1.8%, a 30.0% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -3.2%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs -3.5%).

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

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

CLFD vs EVLV — Head-to-Head

Bigger by revenue
EVLV
EVLV
1.1× larger
EVLV
$38.5M
$34.3M
CLFD
Growing faster (revenue YoY)
EVLV
EVLV
+35.5% gap
EVLV
32.3%
-3.2%
CLFD
Higher net margin
EVLV
EVLV
30.0% more per $
EVLV
28.3%
-1.8%
CLFD
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
EVLV
EVLV
Revenue
$34.3M
$38.5M
Net Profit
$-614.0K
$10.9M
Gross Margin
33.2%
48.4%
Operating Margin
-5.3%
-20.7%
Net Margin
-1.8%
28.3%
Revenue YoY
-3.2%
32.3%
Net Profit YoY
67.8%
169.2%
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.

Revenue
CLFD
CLFD
EVLV
EVLV
Q4 25
$34.3M
$38.5M
Q3 25
$23.4M
$42.9M
Q2 25
$49.9M
$32.5M
Q1 25
$47.2M
$32.0M
Q4 24
$29.7M
$29.1M
Q3 24
$5.6M
$27.4M
Q2 24
$48.8M
$25.2M
Q1 24
$36.9M
$22.2M
Net Profit
CLFD
CLFD
EVLV
EVLV
Q4 25
$-614.0K
$10.9M
Q3 25
$-9.1M
$-1.8M
Q2 25
$1.6M
$-40.5M
Q1 25
$1.3M
$-1.7M
Q4 24
$-1.9M
$-15.7M
Q3 24
$-30.4M
Q2 24
$-447.0K
$3.4M
Q1 24
$-5.9M
$-11.3M
Gross Margin
CLFD
CLFD
EVLV
EVLV
Q4 25
33.2%
48.4%
Q3 25
53.2%
49.7%
Q2 25
30.5%
49.8%
Q1 25
30.1%
59.8%
Q4 24
29.2%
57.5%
Q3 24
57.8%
Q2 24
21.9%
58.5%
Q1 24
7.7%
54.8%
Operating Margin
CLFD
CLFD
EVLV
EVLV
Q4 25
-5.3%
-20.7%
Q3 25
10.3%
-20.1%
Q2 25
3.0%
-53.8%
Q1 25
0.6%
-45.0%
Q4 24
-6.9%
-64.9%
Q3 24
-70.0%
Q2 24
-4.7%
-88.7%
Q1 24
-26.4%
-98.8%
Net Margin
CLFD
CLFD
EVLV
EVLV
Q4 25
-1.8%
28.3%
Q3 25
-38.8%
-4.2%
Q2 25
3.2%
-124.6%
Q1 25
2.8%
-5.3%
Q4 24
-6.4%
-54.0%
Q3 24
-111.3%
Q2 24
-0.9%
13.6%
Q1 24
-16.0%
-50.8%
EPS (diluted)
CLFD
CLFD
EVLV
EVLV
Q4 25
$-0.04
$0.07
Q3 25
$-0.65
$-0.01
Q2 25
$0.11
$-0.25
Q1 25
$0.09
$-0.01
Q4 24
$-0.13
$-0.10
Q3 24
$-0.19
Q2 24
$-0.04
$0.02
Q1 24
$-0.40
$-0.07

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
EVLV
EVLV
Cash + ST InvestmentsLiquidity on hand
$96.4M
$49.1M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$249.7M
$119.4M
Total Assets
$268.1M
$304.4M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
EVLV
EVLV
Q4 25
$96.4M
$49.1M
Q3 25
$106.0M
$56.2M
Q2 25
$117.2M
$36.9M
Q1 25
$112.0M
$35.0M
Q4 24
$113.0M
$51.9M
Q3 24
$129.0M
$56.0M
Q2 24
$123.8M
$56.5M
Q1 24
$142.9M
$81.0M
Total Debt
CLFD
CLFD
EVLV
EVLV
Q4 25
$28.6M
Q3 25
$28.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
EVLV
EVLV
Q4 25
$249.7M
$119.4M
Q3 25
$256.2M
$102.2M
Q2 25
$264.5M
$92.7M
Q1 25
$265.9M
$121.1M
Q4 24
$267.4M
$117.7M
Q3 24
$275.8M
$129.0M
Q2 24
$274.6M
$151.2M
Q1 24
$279.2M
$139.8M
Total Assets
CLFD
CLFD
EVLV
EVLV
Q4 25
$268.1M
$304.4M
Q3 25
$306.2M
$304.3M
Q2 25
$314.7M
$280.4M
Q1 25
$310.9M
$256.0M
Q4 24
$303.2M
$268.1M
Q3 24
$315.3M
$278.5M
Q2 24
$318.1M
$269.1M
Q1 24
$315.4M
$280.0M
Debt / Equity
CLFD
CLFD
EVLV
EVLV
Q4 25
0.24×
Q3 25
0.28×
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
CLFD
CLFD
EVLV
EVLV
Operating Cash FlowLast quarter
$-1.4M
$15.6M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
EVLV
EVLV
Q4 25
$-1.4M
$15.6M
Q3 25
$3.5M
Q2 25
$7.9M
$2.1M
Q1 25
$3.0M
$-2.5M
Q4 24
$7.2M
$3.2M
Q3 24
$22.2M
$3.7M
Q2 24
$4.0M
$-21.6M
Q1 24
$-5.7M
$-16.2M
Free Cash Flow
CLFD
CLFD
EVLV
EVLV
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
EVLV
EVLV
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
EVLV
EVLV
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
EVLV
EVLV
Q4 25
1.43×
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
Q3 24
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

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