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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $34.3M, roughly 33.0× Clearfield, Inc.). Fabrinet runs the higher net margin — 9.9% vs -1.8%, a 11.7% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -3.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
CLFD vs FN — Head-to-Head
Income Statement — Q1 2026 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $1.1B |
| Net Profit | $-614.0K | $112.6M |
| Gross Margin | 33.2% | 12.2% |
| Operating Margin | -5.3% | 10.1% |
| Net Margin | -1.8% | 9.9% |
| Revenue YoY | -3.2% | 35.9% |
| Net Profit YoY | 67.8% | 30.0% |
| EPS (diluted) | $-0.04 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $23.4M | $978.1M | ||
| Q2 25 | $49.9M | $909.7M | ||
| Q1 25 | $47.2M | $871.8M | ||
| Q4 24 | $29.7M | $833.6M | ||
| Q3 24 | $5.6M | $804.2M | ||
| Q2 24 | $48.8M | $753.3M | ||
| Q1 24 | $36.9M | $731.5M |
| Q4 25 | $-614.0K | $112.6M | ||
| Q3 25 | $-9.1M | $95.9M | ||
| Q2 25 | $1.6M | $87.2M | ||
| Q1 25 | $1.3M | $81.3M | ||
| Q4 24 | $-1.9M | $86.6M | ||
| Q3 24 | $-827.0K | $77.4M | ||
| Q2 24 | $-447.0K | $81.1M | ||
| Q1 24 | $-5.9M | $80.9M |
| Q4 25 | 33.2% | 12.2% | ||
| Q3 25 | 53.2% | 11.9% | ||
| Q2 25 | 30.5% | 12.2% | ||
| Q1 25 | 30.1% | 11.7% | ||
| Q4 24 | 29.2% | 12.1% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | 21.9% | 12.3% | ||
| Q1 24 | 7.7% | 12.4% |
| Q4 25 | -5.3% | 10.1% | ||
| Q3 25 | 10.3% | 9.6% | ||
| Q2 25 | 3.0% | 9.8% | ||
| Q1 25 | 0.6% | 9.0% | ||
| Q4 24 | -6.9% | 9.5% | ||
| Q3 24 | 17.3% | 9.6% | ||
| Q2 24 | -4.7% | 9.7% | ||
| Q1 24 | -26.4% | 9.7% |
| Q4 25 | -1.8% | 9.9% | ||
| Q3 25 | -38.8% | 9.8% | ||
| Q2 25 | 3.2% | 9.6% | ||
| Q1 25 | 2.8% | 9.3% | ||
| Q4 24 | -6.4% | 10.4% | ||
| Q3 24 | -14.7% | 9.6% | ||
| Q2 24 | -0.9% | 10.8% | ||
| Q1 24 | -16.0% | 11.1% |
| Q4 25 | $-0.04 | $3.11 | ||
| Q3 25 | $-0.65 | $2.66 | ||
| Q2 25 | $0.11 | $2.41 | ||
| Q1 25 | $0.09 | $2.25 | ||
| Q4 24 | $-0.13 | $2.38 | ||
| Q3 24 | $-0.06 | $2.13 | ||
| Q2 24 | $-0.04 | $2.22 | ||
| Q1 24 | $-0.40 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $2.2B |
| Total Assets | $268.1M | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $960.8M | ||
| Q3 25 | $106.0M | $968.8M | ||
| Q2 25 | $117.2M | $934.2M | ||
| Q1 25 | $112.0M | $950.7M | ||
| Q4 24 | $113.0M | $934.6M | ||
| Q3 24 | $129.0M | $908.9M | ||
| Q2 24 | $123.8M | $858.6M | ||
| Q1 24 | $142.9M | $794.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $2.2B | ||
| Q3 25 | $256.2M | $2.1B | ||
| Q2 25 | $264.5M | $2.0B | ||
| Q1 25 | $265.9M | $1.9B | ||
| Q4 24 | $267.4M | $1.8B | ||
| Q3 24 | $275.8M | $1.8B | ||
| Q2 24 | $274.6M | $1.7B | ||
| Q1 24 | $279.2M | $1.7B |
| Q4 25 | $268.1M | $3.3B | ||
| Q3 25 | $306.2M | $3.0B | ||
| Q2 25 | $314.7M | $2.8B | ||
| Q1 25 | $310.9M | $2.6B | ||
| Q4 24 | $303.2M | $2.5B | ||
| Q3 24 | $315.3M | $2.4B | ||
| Q2 24 | $318.1M | $2.3B | ||
| Q1 24 | $315.4M | $2.2B |
| 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 | $46.3M |
| Free Cash FlowOCF − Capex | $-2.4M | $-5.3M |
| FCF MarginFCF / Revenue | -7.1% | -0.5% |
| Capex IntensityCapex / Revenue | 2.9% | 4.6% |
| Cash ConversionOCF / Net Profit | — | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $46.3M | ||
| Q3 25 | — | $102.6M | ||
| Q2 25 | $7.9M | $55.1M | ||
| Q1 25 | $3.0M | $74.2M | ||
| Q4 24 | $7.2M | $115.9M | ||
| Q3 24 | $13.1M | $83.2M | ||
| Q2 24 | $4.0M | $83.1M | ||
| Q1 24 | $-5.7M | $100.9M |
| Q4 25 | $-2.4M | $-5.3M | ||
| Q3 25 | — | $57.3M | ||
| Q2 25 | $7.5M | $4.7M | ||
| Q1 25 | $654.0K | $45.7M | ||
| Q4 24 | $5.1M | $94.0M | ||
| Q3 24 | $9.1M | $62.9M | ||
| Q2 24 | $2.8M | $70.4M | ||
| Q1 24 | $-7.7M | $87.3M |
| Q4 25 | -7.1% | -0.5% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | 15.1% | 0.5% | ||
| Q1 25 | 1.4% | 5.2% | ||
| Q4 24 | 17.1% | 11.3% | ||
| Q3 24 | 160.9% | 7.8% | ||
| Q2 24 | 5.8% | 9.3% | ||
| Q1 24 | -20.8% | 11.9% |
| Q4 25 | 2.9% | 4.6% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 0.8% | 5.5% | ||
| Q1 25 | 5.1% | 3.3% | ||
| Q4 24 | 7.0% | 2.6% | ||
| Q3 24 | 71.4% | 2.5% | ||
| Q2 24 | 2.5% | 1.7% | ||
| Q1 24 | 5.3% | 1.9% |
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | 4.93× | 0.63× | ||
| Q1 25 | 2.30× | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
