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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Forward Industries, Inc. (FWDI). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $21.4M, roughly 1.6× Forward Industries, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -2732.2%, a 2730.4% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -3.2%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Melrose Industries plc is a British aerospace manufacturing company based in Birmingham, England. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
CLFD vs FWDI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $21.4M |
| Net Profit | $-614.0K | $-585.7M |
| Gross Margin | 33.2% | 78.6% |
| Operating Margin | -5.3% | -2722.8% |
| Net Margin | -1.8% | -2732.2% |
| Revenue YoY | -3.2% | 224.0% |
| Net Profit YoY | 67.8% | -82611.5% |
| EPS (diluted) | $-0.04 | $-5.91 |
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 | $21.4M | ||
| Q3 25 | $23.4M | $7.9M | ||
| Q2 25 | $49.9M | $2.5M | ||
| Q1 25 | $47.2M | $3.1M | ||
| Q4 24 | $29.7M | $6.6M | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $48.8M | $7.8M | ||
| Q1 24 | $36.9M | $5.1M |
| Q4 25 | $-614.0K | $-585.7M | ||
| Q3 25 | $-9.1M | $-164.0M | ||
| Q2 25 | $1.6M | $-850.0K | ||
| Q1 25 | $1.3M | $-1.5M | ||
| Q4 24 | $-1.9M | $-708.1K | ||
| Q3 24 | — | — | ||
| Q2 24 | $-447.0K | $-399.6K | ||
| Q1 24 | $-5.9M | $-553.2K |
| Q4 25 | 33.2% | 78.6% | ||
| Q3 25 | 53.2% | 61.1% | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 30.1% | -5.7% | ||
| Q4 24 | 29.2% | 17.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.9% | 16.8% | ||
| Q1 24 | 7.7% | 26.2% |
| Q4 25 | -5.3% | -2722.8% | ||
| Q3 25 | 10.3% | -39.2% | ||
| Q2 25 | 3.0% | -102.6% | ||
| Q1 25 | 0.6% | -58.3% | ||
| Q4 24 | -6.9% | -13.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.7% | -5.9% | ||
| Q1 24 | -26.4% | -12.2% |
| Q4 25 | -1.8% | -2732.2% | ||
| Q3 25 | -38.8% | -2063.6% | ||
| Q2 25 | 3.2% | -34.1% | ||
| Q1 25 | 2.8% | -46.5% | ||
| Q4 24 | -6.4% | -10.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.9% | -5.1% | ||
| Q1 24 | -16.0% | -10.9% |
| Q4 25 | $-0.04 | $-5.91 | ||
| Q3 25 | $-0.65 | $-21.86 | ||
| Q2 25 | $0.11 | $-0.77 | ||
| Q1 25 | $0.09 | $-1.32 | ||
| Q4 24 | $-0.13 | $-0.64 | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.04 | $-0.36 | ||
| Q1 24 | $-0.40 | $-0.50 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $880.9M |
| Total Assets | $268.1M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $117.2M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | $113.0M | — | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $880.9M | ||
| Q3 25 | $256.2M | $1.5B | ||
| Q2 25 | $264.5M | $3.4M | ||
| Q1 25 | $265.9M | $3.6M | ||
| Q4 24 | $267.4M | $2.3M | ||
| Q3 24 | $275.8M | — | ||
| Q2 24 | $274.6M | $1.4M | ||
| Q1 24 | $279.2M | $1.8M |
| Q4 25 | $268.1M | $892.9M | ||
| Q3 25 | $306.2M | $1.5B | ||
| Q2 25 | $314.7M | $8.3M | ||
| Q1 25 | $310.9M | $12.3M | ||
| Q4 24 | $303.2M | — | ||
| Q3 24 | $315.3M | — | ||
| Q2 24 | $318.1M | $15.2M | ||
| Q1 24 | $315.4M | $15.2M |
| 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 | $-7.9M |
| Free Cash FlowOCF − Capex | $-2.4M | — |
| FCF MarginFCF / Revenue | -7.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $-7.9M | ||
| Q3 25 | — | $-4.5M | ||
| Q2 25 | $7.9M | $-1.2M | ||
| Q1 25 | $3.0M | $-537.6K | ||
| Q4 24 | $7.2M | $-434.3K | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $4.0M | $436.0K | ||
| Q1 24 | $-5.7M | — |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | — | $-4.5M | ||
| Q2 25 | $7.5M | $-1.2M | ||
| Q1 25 | $654.0K | $-539.0K | ||
| Q4 24 | $5.1M | $-439.7K | ||
| Q3 24 | $18.2M | — | ||
| Q2 24 | $2.8M | $426.8K | ||
| Q1 24 | $-7.7M | — |
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | -57.0% | ||
| Q2 25 | 15.1% | -50.0% | ||
| Q1 25 | 1.4% | -17.3% | ||
| Q4 24 | 17.1% | -6.6% | ||
| Q3 24 | 323.0% | — | ||
| Q2 24 | 5.8% | 5.5% | ||
| Q1 24 | -20.8% | — |
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 2.0% | 0.3% | ||
| Q2 25 | 0.8% | 0.8% | ||
| Q1 25 | 5.1% | 0.0% | ||
| Q4 24 | 7.0% | 0.1% | ||
| Q3 24 | 71.4% | — | ||
| Q2 24 | 2.5% | 0.1% | ||
| 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.
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
