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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $30.5M, roughly 1.1× FGI Industries Ltd.). Clearfield, Inc. runs the higher net margin — -1.8% vs -8.6%, a 6.8% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-2.4M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
CLFD vs FGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $30.5M |
| Net Profit | $-614.0K | $-2.6M |
| Gross Margin | 33.2% | 26.7% |
| Operating Margin | -5.3% | -2.2% |
| Net Margin | -1.8% | -8.6% |
| Revenue YoY | -3.2% | -14.4% |
| Net Profit YoY | 67.8% | -553.1% |
| EPS (diluted) | $-0.04 | $-1.63 |
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 | $30.5M | ||
| Q3 25 | $23.4M | $35.8M | ||
| Q2 25 | $49.9M | $31.0M | ||
| Q1 25 | $47.2M | $33.2M | ||
| Q4 24 | $29.7M | $35.6M | ||
| Q3 24 | $5.6M | $36.1M | ||
| Q2 24 | $48.8M | $29.4M | ||
| Q1 24 | $36.9M | $30.8M |
| Q4 25 | $-614.0K | $-2.6M | ||
| Q3 25 | $-9.1M | $-1.7M | ||
| Q2 25 | $1.6M | $-1.2M | ||
| Q1 25 | $1.3M | $-629.1K | ||
| Q4 24 | $-1.9M | $-402.3K | ||
| Q3 24 | — | $-550.1K | ||
| Q2 24 | $-447.0K | $163.6K | ||
| Q1 24 | $-5.9M | $-412.2K |
| Q4 25 | 33.2% | 26.7% | ||
| Q3 25 | 53.2% | 26.5% | ||
| Q2 25 | 30.5% | 28.1% | ||
| Q1 25 | 30.1% | 26.8% | ||
| Q4 24 | 29.2% | 24.6% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | 21.9% | 30.5% | ||
| Q1 24 | 7.7% | 27.4% |
| Q4 25 | -5.3% | -2.2% | ||
| Q3 25 | 10.3% | 1.0% | ||
| Q2 25 | 3.0% | -2.7% | ||
| Q1 25 | 0.6% | -3.9% | ||
| Q4 24 | -6.9% | -3.5% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | -4.7% | -1.5% | ||
| Q1 24 | -26.4% | -1.0% |
| Q4 25 | -1.8% | -8.6% | ||
| Q3 25 | -38.8% | -4.6% | ||
| Q2 25 | 3.2% | -4.0% | ||
| Q1 25 | 2.8% | -1.9% | ||
| Q4 24 | -6.4% | -1.1% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | -0.9% | 0.6% | ||
| Q1 24 | -16.0% | -1.3% |
| Q4 25 | $-0.04 | $-1.63 | ||
| Q3 25 | $-0.65 | $-0.86 | ||
| Q2 25 | $0.11 | $-0.64 | ||
| Q1 25 | $0.09 | $-0.07 | ||
| Q4 24 | $-0.13 | $-0.38 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | $-0.04 | $0.08 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $96.4M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $17.3M |
| Total Assets | $268.1M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $1.9M | ||
| Q3 25 | $106.0M | $1.9M | ||
| Q2 25 | $117.2M | $2.5M | ||
| Q1 25 | $112.0M | $1.2M | ||
| Q4 24 | $113.0M | $4.6M | ||
| Q3 24 | $129.0M | $3.0M | ||
| Q2 24 | $123.8M | $1.3M | ||
| Q1 24 | $142.9M | $3.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $17.3M | ||
| Q3 25 | $256.2M | $19.7M | ||
| Q2 25 | $264.5M | $21.3M | ||
| Q1 25 | $265.9M | $21.8M | ||
| Q4 24 | $267.4M | $22.3M | ||
| Q3 24 | $275.8M | $23.5M | ||
| Q2 24 | $274.6M | $23.8M | ||
| Q1 24 | $279.2M | $23.9M |
| Q4 25 | $268.1M | $69.5M | ||
| Q3 25 | $306.2M | $73.0M | ||
| Q2 25 | $314.7M | $71.7M | ||
| Q1 25 | $310.9M | $68.5M | ||
| Q4 24 | $303.2M | $75.5M | ||
| Q3 24 | $315.3M | $74.7M | ||
| Q2 24 | $318.1M | $69.9M | ||
| Q1 24 | $315.4M | $68.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $2.3M |
| Free Cash FlowOCF − Capex | $-2.4M | $2.3M |
| FCF MarginFCF / Revenue | -7.1% | 7.5% |
| Capex IntensityCapex / Revenue | 2.9% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $2.3M | ||
| Q3 25 | — | $-1.9M | ||
| Q2 25 | $7.9M | $7.6M | ||
| Q1 25 | $3.0M | $-7.4M | ||
| Q4 24 | $7.2M | $617.4K | ||
| Q3 24 | $22.2M | $-915.0K | ||
| Q2 24 | $4.0M | $862.1K | ||
| Q1 24 | $-5.7M | $-8.0M |
| Q4 25 | $-2.4M | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | $7.5M | $7.4M | ||
| Q1 25 | $654.0K | $-7.7M | ||
| Q4 24 | $5.1M | $-214.1K | ||
| Q3 24 | $18.2M | $-1.1M | ||
| Q2 24 | $2.8M | $281.5K | ||
| Q1 24 | $-7.7M | $-8.6M |
| Q4 25 | -7.1% | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | 15.1% | 23.8% | ||
| Q1 25 | 1.4% | -23.3% | ||
| Q4 24 | 17.1% | -0.6% | ||
| Q3 24 | 323.0% | -3.0% | ||
| Q2 24 | 5.8% | 1.0% | ||
| Q1 24 | -20.8% | -28.0% |
| Q4 25 | 2.9% | 0.2% | ||
| Q3 25 | 2.0% | 0.7% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 5.1% | 1.1% | ||
| Q4 24 | 7.0% | 2.3% | ||
| Q3 24 | 71.4% | 0.5% | ||
| Q2 24 | 2.5% | 2.0% | ||
| Q1 24 | 5.3% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
