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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $34.3M, roughly 1.7× Clearfield, Inc.). GRAHAM CORP runs the higher net margin — 5.0% vs -1.8%, a 6.8% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs -3.2%). GRAHAM CORP produced more free cash flow last quarter ($2.4M vs $-2.4M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
CLFD vs GHM — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $56.7M |
| Net Profit | $-614.0K | $2.8M |
| Gross Margin | 33.2% | 23.8% |
| Operating Margin | -5.3% | 5.5% |
| Net Margin | -1.8% | 5.0% |
| Revenue YoY | -3.2% | 20.5% |
| Net Profit YoY | 67.8% | 79.2% |
| EPS (diluted) | $-0.04 | $0.25 |
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 | $56.7M | ||
| Q3 25 | $23.4M | $66.0M | ||
| Q2 25 | $49.9M | $55.5M | ||
| Q1 25 | $47.2M | $59.3M | ||
| Q4 24 | $29.7M | $47.0M | ||
| Q3 24 | $5.6M | $53.6M | ||
| Q2 24 | $48.8M | $50.0M | ||
| Q1 24 | $36.9M | $49.1M |
| Q4 25 | $-614.0K | $2.8M | ||
| Q3 25 | $-9.1M | $3.1M | ||
| Q2 25 | $1.6M | $4.6M | ||
| Q1 25 | $1.3M | $4.4M | ||
| Q4 24 | $-1.9M | $1.6M | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | $-447.0K | $3.0M | ||
| Q1 24 | $-5.9M | $1.3M |
| Q4 25 | 33.2% | 23.8% | ||
| Q3 25 | 53.2% | 21.7% | ||
| Q2 25 | 30.5% | 26.5% | ||
| Q1 25 | 30.1% | 27.0% | ||
| Q4 24 | 29.2% | 24.8% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | 21.9% | 24.8% | ||
| Q1 24 | 7.7% | 25.9% |
| Q4 25 | -5.3% | 5.5% | ||
| Q3 25 | 10.3% | 6.5% | ||
| Q2 25 | 3.0% | 8.9% | ||
| Q1 25 | 0.6% | 9.3% | ||
| Q4 24 | -6.9% | 4.7% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | -4.7% | 6.5% | ||
| Q1 24 | -26.4% | 3.1% |
| Q4 25 | -1.8% | 5.0% | ||
| Q3 25 | -38.8% | 4.7% | ||
| Q2 25 | 3.2% | 8.3% | ||
| Q1 25 | 2.8% | 7.4% | ||
| Q4 24 | -6.4% | 3.4% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | -0.9% | 5.9% | ||
| Q1 24 | -16.0% | 2.7% |
| Q4 25 | $-0.04 | $0.25 | ||
| Q3 25 | $-0.65 | $0.28 | ||
| Q2 25 | $0.11 | $0.42 | ||
| Q1 25 | $0.09 | $0.40 | ||
| Q4 24 | $-0.13 | $0.14 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | $-0.04 | $0.27 | ||
| Q1 24 | $-0.40 | $0.11 |
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 | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $131.3M |
| Total Assets | $268.1M | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $22.3M | ||
| Q3 25 | $106.0M | $20.6M | ||
| Q2 25 | $117.2M | $10.8M | ||
| Q1 25 | $112.0M | $21.6M | ||
| Q4 24 | $113.0M | $30.0M | ||
| Q3 24 | $129.0M | $32.3M | ||
| Q2 24 | $123.8M | $21.6M | ||
| Q1 24 | $142.9M | $16.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $131.3M | ||
| Q3 25 | $256.2M | $127.6M | ||
| Q2 25 | $264.5M | $123.4M | ||
| Q1 25 | $265.9M | $119.6M | ||
| Q4 24 | $267.4M | $114.4M | ||
| Q3 24 | $275.8M | $112.5M | ||
| Q2 24 | $274.6M | $108.2M | ||
| Q1 24 | $279.2M | $105.6M |
| Q4 25 | $268.1M | $292.9M | ||
| Q3 25 | $306.2M | $287.0M | ||
| Q2 25 | $314.7M | $252.3M | ||
| Q1 25 | $310.9M | $264.1M | ||
| Q4 24 | $303.2M | $264.3M | ||
| Q3 24 | $315.3M | $249.5M | ||
| Q2 24 | $318.1M | $244.2M | ||
| Q1 24 | $315.4M | $233.9M |
| 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 | $4.8M |
| Free Cash FlowOCF − Capex | $-2.4M | $2.4M |
| FCF MarginFCF / Revenue | -7.1% | 4.3% |
| Capex IntensityCapex / Revenue | 2.9% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $4.8M | ||
| Q3 25 | — | $13.6M | ||
| Q2 25 | $7.9M | $-2.3M | ||
| Q1 25 | $3.0M | $-3.6M | ||
| Q4 24 | $7.2M | $5.2M | ||
| Q3 24 | $22.2M | $13.9M | ||
| Q2 24 | $4.0M | $8.7M | ||
| Q1 24 | $-5.7M | $8.6M |
| Q4 25 | $-2.4M | $2.4M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | $7.5M | $-9.3M | ||
| Q1 25 | $654.0K | $-8.7M | ||
| Q4 24 | $5.1M | $-2.1M | ||
| Q3 24 | $18.2M | $10.4M | ||
| Q2 24 | $2.8M | $5.7M | ||
| Q1 24 | $-7.7M | $4.6M |
| Q4 25 | -7.1% | 4.3% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | 15.1% | -16.7% | ||
| Q1 25 | 1.4% | -14.7% | ||
| Q4 24 | 17.1% | -4.5% | ||
| Q3 24 | 323.0% | 19.5% | ||
| Q2 24 | 5.8% | 11.5% | ||
| Q1 24 | -20.8% | 9.4% |
| Q4 25 | 2.9% | 4.1% | ||
| Q3 25 | 2.0% | 6.3% | ||
| Q2 25 | 0.8% | 12.6% | ||
| Q1 25 | 5.1% | 8.7% | ||
| Q4 24 | 7.0% | 15.6% | ||
| Q3 24 | 71.4% | 6.5% | ||
| Q2 24 | 2.5% | 6.0% | ||
| Q1 24 | 5.3% | 8.2% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 4.40× | ||
| Q2 25 | 4.93× | -0.49× | ||
| Q1 25 | 2.30× | -0.81× | ||
| Q4 24 | — | 3.29× | ||
| Q3 24 | — | 4.25× | ||
| Q2 24 | — | 2.94× | ||
| Q1 24 | — | 6.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
