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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and HORIZON BANCORP INC (HBNC). Click either name above to swap in a different company.
HORIZON BANCORP INC is the larger business by last-quarter revenue ($63.5M vs $34.3M, roughly 1.8× Clearfield, Inc.). HORIZON BANCORP INC runs the higher net margin — 42.4% vs -1.8%, a 44.2% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs -3.2%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $-2.4M). Over the past eight quarters, HORIZON BANCORP INC's revenue compounded faster (9.2% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
CLFD vs HBNC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $63.5M |
| Net Profit | $-614.0K | $26.9M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 51.5% |
| Net Margin | -1.8% | 42.4% |
| Revenue YoY | -3.2% | 19.5% |
| Net Profit YoY | 67.8% | 347.4% |
| EPS (diluted) | $-0.04 | $0.44 |
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 | $63.5M | ||
| Q3 25 | $23.4M | $58.4M | ||
| Q2 25 | $49.9M | $66.3M | ||
| Q1 25 | $47.2M | $68.8M | ||
| Q4 24 | $29.7M | $53.1M | ||
| Q3 24 | $5.6M | $58.4M | ||
| Q2 24 | $48.8M | $55.8M | ||
| Q1 24 | $36.9M | $53.2M |
| Q4 25 | $-614.0K | $26.9M | ||
| Q3 25 | $-9.1M | $-222.0M | ||
| Q2 25 | $1.6M | $20.6M | ||
| Q1 25 | $1.3M | $23.9M | ||
| Q4 24 | $-1.9M | $-10.9M | ||
| Q3 24 | — | $18.2M | ||
| Q2 24 | $-447.0K | $14.1M | ||
| Q1 24 | $-5.9M | $14.0M |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 30.1% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | 51.5% | ||
| Q3 25 | 10.3% | -490.4% | ||
| Q2 25 | 3.0% | 36.8% | ||
| Q1 25 | 0.6% | 40.8% | ||
| Q4 24 | -6.9% | -41.3% | ||
| Q3 24 | — | 31.0% | ||
| Q2 24 | -4.7% | 28.5% | ||
| Q1 24 | -26.4% | 28.8% |
| Q4 25 | -1.8% | 42.4% | ||
| Q3 25 | -38.8% | -380.2% | ||
| Q2 25 | 3.2% | 31.1% | ||
| Q1 25 | 2.8% | 34.8% | ||
| Q4 24 | -6.4% | -20.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | -0.9% | 25.4% | ||
| Q1 24 | -16.0% | 26.3% |
| Q4 25 | $-0.04 | $0.44 | ||
| Q3 25 | $-0.65 | $-4.69 | ||
| Q2 25 | $0.11 | $0.47 | ||
| Q1 25 | $0.09 | $0.54 | ||
| Q4 24 | $-0.13 | $-0.25 | ||
| Q3 24 | — | $0.41 | ||
| Q2 24 | $-0.04 | $0.32 | ||
| Q1 24 | $-0.40 | $0.32 |
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 | $139.5M |
| Total DebtLower is stronger | — | $248.6M |
| Stockholders' EquityBook value | $249.7M | $688.3M |
| Total Assets | $268.1M | $6.4B |
| Debt / EquityLower = less leverage | — | 0.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $139.5M | ||
| Q3 25 | $106.0M | $458.3M | ||
| Q2 25 | $117.2M | $137.9M | ||
| Q1 25 | $112.0M | $169.7M | ||
| Q4 24 | $113.0M | $293.4M | ||
| Q3 24 | $129.0M | $234.8M | ||
| Q2 24 | $123.8M | $146.1M | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | $248.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $688.3M | ||
| Q3 25 | $256.2M | $660.8M | ||
| Q2 25 | $264.5M | $790.9M | ||
| Q1 25 | $265.9M | $776.1M | ||
| Q4 24 | $267.4M | $763.6M | ||
| Q3 24 | $275.8M | $754.8M | ||
| Q2 24 | $274.6M | $726.7M | ||
| Q1 24 | $279.2M | $721.3M |
| Q4 25 | $268.1M | $6.4B | ||
| Q3 25 | $306.2M | $6.7B | ||
| Q2 25 | $314.7M | $7.7B | ||
| Q1 25 | $310.9M | $7.6B | ||
| Q4 24 | $303.2M | $7.8B | ||
| Q3 24 | $315.3M | $7.9B | ||
| Q2 24 | $318.1M | $7.9B | ||
| Q1 24 | $315.4M | $7.9B |
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| 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 | $79.2M |
| Free Cash FlowOCF − Capex | $-2.4M | $74.3M |
| FCF MarginFCF / Revenue | -7.1% | 117.0% |
| Capex IntensityCapex / Revenue | 2.9% | 7.8% |
| Cash ConversionOCF / Net Profit | — | 2.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $79.2M | ||
| Q3 25 | — | $10.9M | ||
| Q2 25 | $7.9M | $19.5M | ||
| Q1 25 | $3.0M | $15.2M | ||
| Q4 24 | $7.2M | $6.4M | ||
| Q3 24 | $22.2M | $32.3M | ||
| Q2 24 | $4.0M | $15.9M | ||
| Q1 24 | $-5.7M | $6.5M |
| Q4 25 | $-2.4M | $74.3M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | $7.5M | $18.1M | ||
| Q1 25 | $654.0K | $14.1M | ||
| Q4 24 | $5.1M | $1.3M | ||
| Q3 24 | $18.2M | $31.0M | ||
| Q2 24 | $2.8M | $15.1M | ||
| Q1 24 | $-7.7M | $5.4M |
| Q4 25 | -7.1% | 117.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | 15.1% | 27.3% | ||
| Q1 25 | 1.4% | 20.5% | ||
| Q4 24 | 17.1% | 2.4% | ||
| Q3 24 | 323.0% | 53.1% | ||
| Q2 24 | 5.8% | 27.1% | ||
| Q1 24 | -20.8% | 10.1% |
| Q4 25 | 2.9% | 7.8% | ||
| Q3 25 | 2.0% | 2.6% | ||
| Q2 25 | 0.8% | 2.1% | ||
| Q1 25 | 5.1% | 1.6% | ||
| Q4 24 | 7.0% | 9.6% | ||
| Q3 24 | 71.4% | 2.2% | ||
| Q2 24 | 2.5% | 1.5% | ||
| Q1 24 | 5.3% | 2.2% |
| Q4 25 | — | 2.94× | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | 0.94× | ||
| Q1 25 | 2.30× | 0.64× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.78× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
