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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $26.0M, roughly 1.3× FRANKLIN STREET PROPERTIES CORP). Clearfield, Inc. runs the higher net margin — -1.8% vs -28.1%, a 26.3% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -8.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-12.7M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -8.7%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
CLFD vs FSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $26.0M |
| Net Profit | $-614.0K | $-7.3M |
| Gross Margin | 33.2% | 59.4% |
| Operating Margin | -5.3% | -27.9% |
| Net Margin | -1.8% | -28.1% |
| Revenue YoY | -3.2% | -8.2% |
| Net Profit YoY | 67.8% | 14.1% |
| EPS (diluted) | $-0.04 | $-0.06 |
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 | $26.0M | ||
| Q3 25 | $23.4M | $27.3M | ||
| Q2 25 | $49.9M | $26.7M | ||
| Q1 25 | $47.2M | $27.1M | ||
| Q4 24 | $29.7M | $28.4M | ||
| Q3 24 | $5.6M | $29.7M | ||
| Q2 24 | $48.8M | $30.8M | ||
| Q1 24 | $36.9M | $31.2M |
| Q4 25 | $-614.0K | $-7.3M | ||
| Q3 25 | $-9.1M | $-8.3M | ||
| Q2 25 | $1.6M | $-7.9M | ||
| Q1 25 | $1.3M | $-21.4M | ||
| Q4 24 | $-1.9M | $-8.5M | ||
| Q3 24 | — | $-15.6M | ||
| Q2 24 | $-447.0K | $-21.0M | ||
| Q1 24 | $-5.9M | $-7.6M |
| Q4 25 | 33.2% | 59.4% | ||
| Q3 25 | 53.2% | 60.9% | ||
| Q2 25 | 30.5% | 59.9% | ||
| Q1 25 | 30.1% | 62.8% | ||
| Q4 24 | 29.2% | 59.7% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | 21.9% | 64.2% | ||
| Q1 24 | 7.7% | 64.7% |
| Q4 25 | -5.3% | -27.9% | ||
| Q3 25 | 10.3% | -30.5% | ||
| Q2 25 | 3.0% | -29.2% | ||
| Q1 25 | 0.6% | -78.9% | ||
| Q4 24 | -6.9% | -29.9% | ||
| Q3 24 | — | -52.4% | ||
| Q2 24 | -4.7% | -68.0% | ||
| Q1 24 | -26.4% | -24.0% |
| Q4 25 | -1.8% | -28.1% | ||
| Q3 25 | -38.8% | -30.5% | ||
| Q2 25 | 3.2% | -29.5% | ||
| Q1 25 | 2.8% | -79.1% | ||
| Q4 24 | -6.4% | -30.0% | ||
| Q3 24 | — | -52.6% | ||
| Q2 24 | -0.9% | -68.2% | ||
| Q1 24 | -16.0% | -24.2% |
| Q4 25 | $-0.04 | $-0.06 | ||
| Q3 25 | $-0.65 | $-0.08 | ||
| Q2 25 | $0.11 | $-0.08 | ||
| Q1 25 | $0.09 | $-0.21 | ||
| Q4 24 | $-0.13 | $-0.09 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | $-0.04 | $-0.20 | ||
| Q1 24 | $-0.40 | $-0.07 |
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 | $30.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $607.0M |
| Total Assets | $268.1M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $30.6M | ||
| Q3 25 | $106.0M | $31.4M | ||
| Q2 25 | $117.2M | $29.4M | ||
| Q1 25 | $112.0M | $30.2M | ||
| Q4 24 | $113.0M | $41.1M | ||
| Q3 24 | $129.0M | $40.9M | ||
| Q2 24 | $123.8M | $30.2M | ||
| Q1 24 | $142.9M | $34.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $607.0M | ||
| Q3 25 | $256.2M | $615.3M | ||
| Q2 25 | $264.5M | $624.7M | ||
| Q1 25 | $265.9M | $633.4M | ||
| Q4 24 | $267.4M | $655.9M | ||
| Q3 24 | $275.8M | $665.4M | ||
| Q2 24 | $274.6M | $682.1M | ||
| Q1 24 | $279.2M | $703.9M |
| Q4 25 | $268.1M | $892.9M | ||
| Q3 25 | $306.2M | $901.0M | ||
| Q2 25 | $314.7M | $903.2M | ||
| Q1 25 | $310.9M | $916.4M | ||
| Q4 24 | $303.2M | $946.9M | ||
| Q3 24 | $315.3M | $981.5M | ||
| Q2 24 | $318.1M | $1.0B | ||
| Q1 24 | $315.4M | $1.0B |
| 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 | $3.8M |
| Free Cash FlowOCF − Capex | $-2.4M | $-12.7M |
| FCF MarginFCF / Revenue | -7.1% | -48.6% |
| Capex IntensityCapex / Revenue | 2.9% | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $3.8M | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | $7.9M | $-2.9M | ||
| Q1 25 | $3.0M | $-5.5M | ||
| Q4 24 | $7.2M | $9.0M | ||
| Q3 24 | $22.2M | $14.5M | ||
| Q2 24 | $4.0M | $-648.0K | ||
| Q1 24 | $-5.7M | $-7.1M |
| Q4 25 | $-2.4M | $-12.7M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | $7.5M | $-5.7M | ||
| Q1 25 | $654.0K | $-9.9M | ||
| Q4 24 | $5.1M | $-16.2M | ||
| Q3 24 | $18.2M | $8.6M | ||
| Q2 24 | $2.8M | $-5.1M | ||
| Q1 24 | $-7.7M | $-15.8M |
| Q4 25 | -7.1% | -48.6% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | 15.1% | -21.5% | ||
| Q1 25 | 1.4% | -36.7% | ||
| Q4 24 | 17.1% | -57.2% | ||
| Q3 24 | 323.0% | 29.1% | ||
| Q2 24 | 5.8% | -16.7% | ||
| Q1 24 | -20.8% | -50.8% |
| Q4 25 | 2.9% | 63.0% | ||
| Q3 25 | 2.0% | 19.4% | ||
| Q2 25 | 0.8% | 10.7% | ||
| Q1 25 | 5.1% | 16.4% | ||
| Q4 24 | 7.0% | 88.9% | ||
| Q3 24 | 71.4% | 19.6% | ||
| Q2 24 | 2.5% | 14.6% | ||
| Q1 24 | 5.3% | 28.1% |
| 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.
