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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and GYRE THERAPEUTICS, INC. (GYRE). Click either name above to swap in a different company.

GYRE THERAPEUTICS, INC. is the larger business by last-quarter revenue ($37.2M vs $34.3M, roughly 1.1× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -3.7%, a 1.9% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% vs -3.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-5.8M). Over the past eight quarters, GYRE THERAPEUTICS, INC.'s revenue compounded faster (17.0% CAGR vs -3.5%).

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

CLFD vs GYRE — Head-to-Head

Bigger by revenue
GYRE
GYRE
1.1× larger
GYRE
$37.2M
$34.3M
CLFD
Growing faster (revenue YoY)
GYRE
GYRE
+36.6% gap
GYRE
33.4%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
1.9% more per $
CLFD
-1.8%
-3.7%
GYRE
More free cash flow
CLFD
CLFD
$3.3M more FCF
CLFD
$-2.4M
$-5.8M
GYRE
Faster 2-yr revenue CAGR
GYRE
GYRE
Annualised
GYRE
17.0%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
GYRE
GYRE
Revenue
$34.3M
$37.2M
Net Profit
$-614.0K
$-1.4M
Gross Margin
33.2%
95.3%
Operating Margin
-5.3%
0.3%
Net Margin
-1.8%
-3.7%
Revenue YoY
-3.2%
33.4%
Net Profit YoY
67.8%
-340.1%
EPS (diluted)
$-0.04
$-0.01

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.

Revenue
CLFD
CLFD
GYRE
GYRE
Q4 25
$34.3M
$37.2M
Q3 25
$23.4M
$30.6M
Q2 25
$49.9M
$26.8M
Q1 25
$47.2M
$22.1M
Q4 24
$29.7M
$27.9M
Q3 24
$5.6M
$25.5M
Q2 24
$48.8M
$25.2M
Q1 24
$36.9M
$27.2M
Net Profit
CLFD
CLFD
GYRE
GYRE
Q4 25
$-614.0K
$-1.4M
Q3 25
$-9.1M
$5.9M
Q2 25
$1.6M
$1.6M
Q1 25
$1.3M
$3.7M
Q4 24
$-1.9M
$569.0K
Q3 24
$2.9M
Q2 24
$-447.0K
$4.5M
Q1 24
$-5.9M
$9.9M
Gross Margin
CLFD
CLFD
GYRE
GYRE
Q4 25
33.2%
95.3%
Q3 25
53.2%
94.7%
Q2 25
30.5%
95.7%
Q1 25
30.1%
95.9%
Q4 24
29.2%
95.8%
Q3 24
96.2%
Q2 24
21.9%
96.9%
Q1 24
7.7%
96.4%
Operating Margin
CLFD
CLFD
GYRE
GYRE
Q4 25
-5.3%
0.3%
Q3 25
10.3%
22.7%
Q2 25
3.0%
8.1%
Q1 25
0.6%
10.3%
Q4 24
-6.9%
2.4%
Q3 24
16.6%
Q2 24
-4.7%
12.7%
Q1 24
-26.4%
29.7%
Net Margin
CLFD
CLFD
GYRE
GYRE
Q4 25
-1.8%
-3.7%
Q3 25
-38.8%
19.4%
Q2 25
3.2%
5.9%
Q1 25
2.8%
16.9%
Q4 24
-6.4%
2.0%
Q3 24
11.2%
Q2 24
-0.9%
18.0%
Q1 24
-16.0%
36.6%
EPS (diluted)
CLFD
CLFD
GYRE
GYRE
Q4 25
$-0.04
$-0.01
Q3 25
$-0.65
$0.03
Q2 25
$0.11
$0.00
Q1 25
$0.09
$0.00
Q4 24
$-0.13
$0.00
Q3 24
$0.01
Q2 24
$-0.04
$0.01
Q1 24
$-0.40
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLFD
CLFD
GYRE
GYRE
Cash + ST InvestmentsLiquidity on hand
$96.4M
$52.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$106.0M
Total Assets
$268.1M
$166.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
GYRE
GYRE
Q4 25
$96.4M
$52.4M
Q3 25
$106.0M
$60.0M
Q2 25
$117.2M
$54.4M
Q1 25
$112.0M
$29.9M
Q4 24
$113.0M
$26.7M
Q3 24
$129.0M
$25.1M
Q2 24
$123.8M
$25.1M
Q1 24
$142.9M
$37.4M
Total Debt
CLFD
CLFD
GYRE
GYRE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
GYRE
GYRE
Q4 25
$249.7M
$106.0M
Q3 25
$256.2M
$101.9M
Q2 25
$264.5M
$92.0M
Q1 25
$265.9M
$68.1M
Q4 24
$267.4M
$63.3M
Q3 24
$275.8M
$63.2M
Q2 24
$274.6M
$60.4M
Q1 24
$279.2M
$56.6M
Total Assets
CLFD
CLFD
GYRE
GYRE
Q4 25
$268.1M
$166.1M
Q3 25
$306.2M
$159.4M
Q2 25
$314.7M
$152.6M
Q1 25
$310.9M
$129.8M
Q4 24
$303.2M
$125.4M
Q3 24
$315.3M
$125.2M
Q2 24
$318.1M
$120.9M
Q1 24
$315.4M
$122.0M
Debt / Equity
CLFD
CLFD
GYRE
GYRE
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
CLFD
CLFD
GYRE
GYRE
Operating Cash FlowLast quarter
$-1.4M
$-5.6M
Free Cash FlowOCF − Capex
$-2.4M
$-5.8M
FCF MarginFCF / Revenue
-7.1%
-15.5%
Capex IntensityCapex / Revenue
2.9%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
GYRE
GYRE
Q4 25
$-1.4M
$-5.6M
Q3 25
$4.7M
Q2 25
$7.9M
$2.1M
Q1 25
$3.0M
$-129.0K
Q4 24
$7.2M
$-2.8M
Q3 24
$22.2M
$1.7M
Q2 24
$4.0M
$-5.5M
Q1 24
$-5.7M
$2.9M
Free Cash Flow
CLFD
CLFD
GYRE
GYRE
Q4 25
$-2.4M
$-5.8M
Q3 25
$4.0M
Q2 25
$7.5M
$1.8M
Q1 25
$654.0K
$-251.0K
Q4 24
$5.1M
$-2.8M
Q3 24
$18.2M
$1.0M
Q2 24
$2.8M
$-6.9M
Q1 24
$-7.7M
$2.7M
FCF Margin
CLFD
CLFD
GYRE
GYRE
Q4 25
-7.1%
-15.5%
Q3 25
13.1%
Q2 25
15.1%
6.8%
Q1 25
1.4%
-1.1%
Q4 24
17.1%
-10.1%
Q3 24
323.0%
4.1%
Q2 24
5.8%
-27.5%
Q1 24
-20.8%
9.8%
Capex Intensity
CLFD
CLFD
GYRE
GYRE
Q4 25
2.9%
0.4%
Q3 25
2.0%
2.2%
Q2 25
0.8%
1.0%
Q1 25
5.1%
0.6%
Q4 24
7.0%
0.2%
Q3 24
71.4%
2.7%
Q2 24
2.5%
5.8%
Q1 24
5.3%
0.9%
Cash Conversion
CLFD
CLFD
GYRE
GYRE
Q4 25
Q3 25
0.79×
Q2 25
4.93×
1.32×
Q1 25
2.30×
-0.03×
Q4 24
-4.85×
Q3 24
0.60×
Q2 24
-1.21×
Q1 24
0.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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