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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $19.8M, roughly 1.7× FutureFuel Corp.). Clearfield, Inc. runs the higher net margin — -1.8% vs -60.5%, a 58.7% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -67.7%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-29.9M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -41.7%).

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

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

CLFD vs FF — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.7× larger
CLFD
$34.3M
$19.8M
FF
Growing faster (revenue YoY)
CLFD
CLFD
+64.5% gap
CLFD
-3.2%
-67.7%
FF
Higher net margin
CLFD
CLFD
58.7% more per $
CLFD
-1.8%
-60.5%
FF
More free cash flow
CLFD
CLFD
$27.4M more FCF
CLFD
$-2.4M
$-29.9M
FF
Faster 2-yr revenue CAGR
CLFD
CLFD
Annualised
CLFD
-3.5%
-41.7%
FF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
FF
FF
Revenue
$34.3M
$19.8M
Net Profit
$-614.0K
$-12.0M
Gross Margin
33.2%
-46.7%
Operating Margin
-5.3%
-62.9%
Net Margin
-1.8%
-60.5%
Revenue YoY
-3.2%
-67.7%
Net Profit YoY
67.8%
-529.4%
EPS (diluted)
$-0.04
$-0.28

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
FF
FF
Q4 25
$34.3M
$19.8M
Q3 25
$23.4M
$22.7M
Q2 25
$49.9M
$35.7M
Q1 25
$47.2M
$17.5M
Q4 24
$29.7M
$61.5M
Q3 24
$5.6M
$51.1M
Q2 24
$48.8M
$72.4M
Q1 24
$36.9M
$58.3M
Net Profit
CLFD
CLFD
FF
FF
Q4 25
$-614.0K
$-12.0M
Q3 25
$-9.1M
$-9.3M
Q2 25
$1.6M
$-10.4M
Q1 25
$1.3M
$-17.6M
Q4 24
$-1.9M
$2.8M
Q3 24
$-1.2M
Q2 24
$-447.0K
$9.6M
Q1 24
$-5.9M
$4.3M
Gross Margin
CLFD
CLFD
FF
FF
Q4 25
33.2%
-46.7%
Q3 25
53.2%
-30.1%
Q2 25
30.5%
-24.6%
Q1 25
30.1%
-83.0%
Q4 24
29.2%
9.1%
Q3 24
0.7%
Q2 24
21.9%
12.0%
Q1 24
7.7%
8.6%
Operating Margin
CLFD
CLFD
FF
FF
Q4 25
-5.3%
-62.9%
Q3 25
10.3%
-42.9%
Q2 25
3.0%
-33.4%
Q1 25
0.6%
-107.4%
Q4 24
-6.9%
2.6%
Q3 24
-5.6%
Q2 24
-4.7%
7.5%
Q1 24
-26.4%
3.8%
Net Margin
CLFD
CLFD
FF
FF
Q4 25
-1.8%
-60.5%
Q3 25
-38.8%
-41.1%
Q2 25
3.2%
-29.2%
Q1 25
2.8%
-100.6%
Q4 24
-6.4%
4.5%
Q3 24
-2.3%
Q2 24
-0.9%
13.2%
Q1 24
-16.0%
7.4%
EPS (diluted)
CLFD
CLFD
FF
FF
Q4 25
$-0.04
$-0.28
Q3 25
$-0.65
$-0.21
Q2 25
$0.11
$-0.24
Q1 25
$0.09
$-0.40
Q4 24
$-0.13
$0.06
Q3 24
$-0.03
Q2 24
$-0.04
$0.22
Q1 24
$-0.40
$0.10

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
FF
FF
Cash + ST InvestmentsLiquidity on hand
$96.4M
$51.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$154.7M
Total Assets
$268.1M
$192.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
FF
FF
Q4 25
$96.4M
$51.3M
Q3 25
$106.0M
$85.6M
Q2 25
$117.2M
$95.2M
Q1 25
$112.0M
$97.1M
Q4 24
$113.0M
$109.5M
Q3 24
$129.0M
$133.4M
Q2 24
$123.8M
$115.1M
Q1 24
$142.9M
$201.1M
Total Debt
CLFD
CLFD
FF
FF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
FF
FF
Q4 25
$249.7M
$154.7M
Q3 25
$256.2M
$169.1M
Q2 25
$264.5M
$178.2M
Q1 25
$265.9M
$188.4M
Q4 24
$267.4M
$205.8M
Q3 24
$275.8M
$213.3M
Q2 24
$274.6M
$214.4M
Q1 24
$279.2M
$204.8M
Total Assets
CLFD
CLFD
FF
FF
Q4 25
$268.1M
$192.2M
Q3 25
$306.2M
$203.5M
Q2 25
$314.7M
$218.2M
Q1 25
$310.9M
$227.7M
Q4 24
$303.2M
$247.7M
Q3 24
$315.3M
$256.5M
Q2 24
$318.1M
$261.2M
Q1 24
$315.4M
$365.4M
Debt / Equity
CLFD
CLFD
FF
FF
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
FF
FF
Operating Cash FlowLast quarter
$-1.4M
$-27.4M
Free Cash FlowOCF − Capex
$-2.4M
$-29.9M
FCF MarginFCF / Revenue
-7.1%
-150.5%
Capex IntensityCapex / Revenue
2.9%
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
FF
FF
Q4 25
$-1.4M
$-27.4M
Q3 25
$-1.1M
Q2 25
$7.9M
$5.2M
Q1 25
$3.0M
$-5.4M
Q4 24
$7.2M
$-16.6M
Q3 24
$22.2M
$25.8M
Q2 24
$4.0M
$27.8M
Q1 24
$-5.7M
$-12.2M
Free Cash Flow
CLFD
CLFD
FF
FF
Q4 25
$-2.4M
$-29.9M
Q3 25
$-6.5M
Q2 25
$7.5M
$-263.0K
Q1 25
$654.0K
$-9.4M
Q4 24
$5.1M
$-20.7M
Q3 24
$18.2M
$20.5M
Q2 24
$2.8M
$24.8M
Q1 24
$-7.7M
$-14.5M
FCF Margin
CLFD
CLFD
FF
FF
Q4 25
-7.1%
-150.5%
Q3 25
-28.5%
Q2 25
15.1%
-0.7%
Q1 25
1.4%
-53.6%
Q4 24
17.1%
-33.6%
Q3 24
323.0%
40.1%
Q2 24
5.8%
34.3%
Q1 24
-20.8%
-24.9%
Capex Intensity
CLFD
CLFD
FF
FF
Q4 25
2.9%
12.2%
Q3 25
2.0%
23.5%
Q2 25
0.8%
15.3%
Q1 25
5.1%
22.8%
Q4 24
7.0%
6.6%
Q3 24
71.4%
10.4%
Q2 24
2.5%
4.1%
Q1 24
5.3%
3.9%
Cash Conversion
CLFD
CLFD
FF
FF
Q4 25
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
-5.94×
Q3 24
Q2 24
2.90×
Q1 24
-2.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

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