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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Fluent, Inc. (FLNT). Click either name above to swap in a different company.
Fluent, Inc. is the larger business by last-quarter revenue ($61.8M vs $34.3M, roughly 1.8× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -6.7%, a 4.9% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -5.5%). Over the past eight quarters, Fluent, Inc.'s revenue compounded faster (-3.2% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
CLFD vs FLNT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $61.8M |
| Net Profit | $-614.0K | $-4.1M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 0.3% |
| Net Margin | -1.8% | -6.7% |
| Revenue YoY | -3.2% | -5.5% |
| Net Profit YoY | 67.8% | -20.1% |
| EPS (diluted) | $-0.04 | $-0.09 |
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 | $61.8M | ||
| Q3 25 | $23.4M | $47.0M | ||
| Q2 25 | $49.9M | $44.7M | ||
| Q1 25 | $47.2M | $55.2M | ||
| Q4 24 | $29.7M | $65.4M | ||
| Q3 24 | $5.6M | $64.5M | ||
| Q2 24 | $48.8M | $58.7M | ||
| Q1 24 | $36.9M | $66.0M |
| Q4 25 | $-614.0K | $-4.1M | ||
| Q3 25 | $-9.1M | $-7.6M | ||
| Q2 25 | $1.6M | $-7.2M | ||
| Q1 25 | $1.3M | $-8.3M | ||
| Q4 24 | $-1.9M | $-3.4M | ||
| Q3 24 | — | $-7.9M | ||
| Q2 24 | $-447.0K | $-11.6M | ||
| Q1 24 | $-5.9M | $-6.3M |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 30.1% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | 0.3% | ||
| Q3 25 | 10.3% | -13.4% | ||
| Q2 25 | 3.0% | -15.9% | ||
| Q1 25 | 0.6% | -12.8% | ||
| Q4 24 | -6.9% | -8.3% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | -4.7% | -17.7% | ||
| Q1 24 | -26.4% | -6.0% |
| Q4 25 | -1.8% | -6.7% | ||
| Q3 25 | -38.8% | -16.1% | ||
| Q2 25 | 3.2% | -16.2% | ||
| Q1 25 | 2.8% | -15.0% | ||
| Q4 24 | -6.4% | -5.2% | ||
| Q3 24 | — | -12.3% | ||
| Q2 24 | -0.9% | -19.8% | ||
| Q1 24 | -16.0% | -9.5% |
| Q4 25 | $-0.04 | $-0.09 | ||
| Q3 25 | $-0.65 | $-0.27 | ||
| Q2 25 | $0.11 | $-0.30 | ||
| Q1 25 | $0.09 | $-0.39 | ||
| Q4 24 | $-0.13 | $-0.12 | ||
| Q3 24 | — | $-0.48 | ||
| Q2 24 | $-0.04 | $-0.75 | ||
| Q1 24 | $-0.40 | $-0.45 |
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 | $12.9M |
| Total DebtLower is stronger | — | $34.6M |
| Stockholders' EquityBook value | $249.7M | $18.2M |
| Total Assets | $268.1M | $89.1M |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $12.9M | ||
| Q3 25 | $106.0M | $9.2M | ||
| Q2 25 | $117.2M | $4.9M | ||
| Q1 25 | $112.0M | $4.8M | ||
| Q4 24 | $113.0M | $9.4M | ||
| Q3 24 | $129.0M | $6.6M | ||
| Q2 24 | $123.8M | $5.0M | ||
| Q1 24 | $142.9M | $11.7M |
| Q4 25 | — | $34.6M | ||
| Q3 25 | — | $26.0M | ||
| Q2 25 | — | $23.2M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | $2.2M | $37.9M | ||
| Q2 24 | $2.1M | $33.3M | ||
| Q1 24 | — | $31.0M |
| Q4 25 | $249.7M | $18.2M | ||
| Q3 25 | $256.2M | $21.6M | ||
| Q2 25 | $264.5M | $19.1M | ||
| Q1 25 | $265.9M | $22.0M | ||
| Q4 24 | $267.4M | $25.0M | ||
| Q3 24 | $275.8M | $20.0M | ||
| Q2 24 | $274.6M | $27.5M | ||
| Q1 24 | $279.2M | $28.7M |
| Q4 25 | $268.1M | $89.1M | ||
| Q3 25 | $306.2M | $76.1M | ||
| Q2 25 | $314.7M | $74.5M | ||
| Q1 25 | $310.9M | $77.5M | ||
| Q4 24 | $303.2M | $93.6M | ||
| Q3 24 | $315.3M | $77.5M | ||
| Q2 24 | $318.1M | $98.5M | ||
| Q1 24 | $315.4M | $103.6M |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 0.01× | 1.90× | ||
| Q2 24 | 0.01× | 1.21× | ||
| Q1 24 | — | 1.08× |
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 | $2.8M |
| Free Cash FlowOCF − Capex | $-2.4M | — |
| FCF MarginFCF / Revenue | -7.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $2.8M | ||
| Q3 25 | — | $-7.3M | ||
| Q2 25 | $7.9M | $935.0K | ||
| Q1 25 | $3.0M | $2.1M | ||
| Q4 24 | $7.2M | $-2.1M | ||
| Q3 24 | $22.2M | $1.2M | ||
| Q2 24 | $4.0M | $-13.1M | ||
| Q1 24 | $-5.7M | $-132.0K |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | — | $-7.3M | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $654.0K | — | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $18.2M | $1.2M | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $-7.7M | — |
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | -15.6% | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 323.0% | 1.9% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -20.8% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.0% | 0.0% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 71.4% | 0.0% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 5.3% | — |
| 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.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
