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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $4.2M, roughly 8.2× FiEE, Inc.). FiEE, Inc. produced more free cash flow last quarter ($3.5M vs $-2.4M).

CLFD vs FIEE — Head-to-Head

Bigger by revenue
CLFD
CLFD
8.2× larger
CLFD
$34.3M
$4.2M
FIEE
More free cash flow
FIEE
FIEE
$5.9M more FCF
FIEE
$3.5M
$-2.4M
CLFD

Income Statement — Q1 2026 vs Q4 2025

Metric
CLFD
CLFD
FIEE
FIEE
Revenue
$34.3M
$4.2M
Net Profit
$-614.0K
Gross Margin
33.2%
88.0%
Operating Margin
-5.3%
Net Margin
-1.8%
Revenue YoY
-3.2%
Net Profit YoY
67.8%
1484.1%
EPS (diluted)
$-0.04

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
FIEE
FIEE
Q4 25
$34.3M
$4.2M
Q3 25
$23.4M
$1.9M
Q2 25
$49.9M
$45.0K
Q1 25
$47.2M
$125
Q4 24
$29.7M
Q3 24
$5.6M
$0
Q2 24
$48.8M
$0
Q1 24
$36.9M
$639.9K
Net Profit
CLFD
CLFD
FIEE
FIEE
Q4 25
$-614.0K
Q3 25
$-9.1M
$-253.0K
Q2 25
$1.6M
$-639.7K
Q1 25
$1.3M
$-373.9K
Q4 24
$-1.9M
Q3 24
$-827.0K
$-625.1K
Q2 24
$-447.0K
$-487.9K
Q1 24
$-5.9M
$-3.3M
Gross Margin
CLFD
CLFD
FIEE
FIEE
Q4 25
33.2%
88.0%
Q3 25
53.2%
85.0%
Q2 25
30.5%
2.4%
Q1 25
30.1%
Q4 24
29.2%
Q3 24
Q2 24
21.9%
Q1 24
7.7%
32.4%
Operating Margin
CLFD
CLFD
FIEE
FIEE
Q4 25
-5.3%
Q3 25
10.3%
-5.2%
Q2 25
3.0%
-1415.6%
Q1 25
0.6%
-296896.8%
Q4 24
-6.9%
Q3 24
17.3%
Q2 24
-4.7%
Q1 24
-26.4%
-511.0%
Net Margin
CLFD
CLFD
FIEE
FIEE
Q4 25
-1.8%
Q3 25
-38.8%
-13.0%
Q2 25
3.2%
-1421.7%
Q1 25
2.8%
-299128.0%
Q4 24
-6.4%
Q3 24
-14.7%
Q2 24
-0.9%
Q1 24
-16.0%
-509.3%
EPS (diluted)
CLFD
CLFD
FIEE
FIEE
Q4 25
$-0.04
Q3 25
$-0.65
$-0.04
Q2 25
$0.11
$-0.13
Q1 25
$0.09
$-0.10
Q4 24
$-0.13
Q3 24
$-0.06
$-0.21
Q2 24
$-0.04
$-0.16
Q1 24
$-0.40
$-1.11

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
FIEE
FIEE
Cash + ST InvestmentsLiquidity on hand
$96.4M
$3.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$6.6M
Total Assets
$268.1M
$10.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
FIEE
FIEE
Q4 25
$96.4M
$3.1M
Q3 25
$106.0M
$5.9M
Q2 25
$117.2M
$4.5M
Q1 25
$112.0M
$9.1K
Q4 24
$113.0M
Q3 24
$129.0M
$191.7K
Q2 24
$123.8M
$630.8K
Q1 24
$142.9M
$1.0M
Total Debt
CLFD
CLFD
FIEE
FIEE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
FIEE
FIEE
Q4 25
$249.7M
$6.6M
Q3 25
$256.2M
$3.9M
Q2 25
$264.5M
$2.9M
Q1 25
$265.9M
$-503.9K
Q4 24
$267.4M
Q3 24
$275.8M
$-558.9K
Q2 24
$274.6M
$-404.7K
Q1 24
$279.2M
$83.2K
Total Assets
CLFD
CLFD
FIEE
FIEE
Q4 25
$268.1M
$10.8M
Q3 25
$306.2M
$8.5M
Q2 25
$314.7M
$7.1M
Q1 25
$310.9M
$357.9K
Q4 24
$303.2M
Q3 24
$315.3M
$433.2K
Q2 24
$318.1M
$953.3K
Q1 24
$315.4M
$1.5M
Debt / Equity
CLFD
CLFD
FIEE
FIEE
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
FIEE
FIEE
Operating Cash FlowLast quarter
$-1.4M
$3.6M
Free Cash FlowOCF − Capex
$-2.4M
$3.5M
FCF MarginFCF / Revenue
-7.1%
82.0%
Capex IntensityCapex / Revenue
2.9%
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
FIEE
FIEE
Q4 25
$-1.4M
$3.6M
Q3 25
$2.3M
Q2 25
$7.9M
$543.0K
Q1 25
$3.0M
$-371.1K
Q4 24
$7.2M
Q3 24
$13.1M
$-904.6K
Q2 24
$4.0M
$-396.2K
Q1 24
$-5.7M
$-2.5M
Free Cash Flow
CLFD
CLFD
FIEE
FIEE
Q4 25
$-2.4M
$3.5M
Q3 25
$913.0K
Q2 25
$7.5M
Q1 25
$654.0K
Q4 24
$5.1M
Q3 24
$9.1M
Q2 24
$2.8M
Q1 24
$-7.7M
FCF Margin
CLFD
CLFD
FIEE
FIEE
Q4 25
-7.1%
82.0%
Q3 25
47.1%
Q2 25
15.1%
Q1 25
1.4%
Q4 24
17.1%
Q3 24
160.9%
Q2 24
5.8%
Q1 24
-20.8%
Capex Intensity
CLFD
CLFD
FIEE
FIEE
Q4 25
2.9%
4.4%
Q3 25
2.0%
71.9%
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
FIEE
FIEE
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.

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