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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $34.3M, roughly 1.7× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -53.8%, a 52.0% gap on every dollar of revenue. On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (-0.0% vs -3.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-16.1M). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
CLFD vs INDI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $58.0M |
| Net Profit | $-614.0K | $-31.2M |
| Gross Margin | 33.2% | 37.3% |
| Operating Margin | -5.3% | -58.5% |
| Net Margin | -1.8% | -53.8% |
| Revenue YoY | -3.2% | -0.0% |
| Net Profit YoY | 67.8% | 9.1% |
| EPS (diluted) | $-0.04 | $-0.16 |
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 | $58.0M | ||
| Q3 25 | $23.4M | $53.7M | ||
| Q2 25 | $49.9M | $51.6M | ||
| Q1 25 | $47.2M | $54.1M | ||
| Q4 24 | $29.7M | $58.0M | ||
| Q3 24 | $5.6M | $54.0M | ||
| Q2 24 | $48.8M | $52.4M | ||
| Q1 24 | $36.9M | $52.4M |
| Q4 25 | $-614.0K | $-31.2M | ||
| Q3 25 | $-9.1M | $-38.3M | ||
| Q2 25 | $1.6M | $-39.0M | ||
| Q1 25 | $1.3M | $-34.5M | ||
| Q4 24 | $-1.9M | $-34.4M | ||
| Q3 24 | — | $-49.7M | ||
| Q2 24 | $-447.0K | $-19.2M | ||
| Q1 24 | $-5.9M | $-31.2M |
| Q4 25 | 33.2% | 37.3% | ||
| Q3 25 | 53.2% | 40.1% | ||
| Q2 25 | 30.5% | 40.6% | ||
| Q1 25 | 30.1% | 41.7% | ||
| Q4 24 | 29.2% | 42.6% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | 21.9% | 42.2% | ||
| Q1 24 | 7.7% | 42.5% |
| Q4 25 | -5.3% | -58.5% | ||
| Q3 25 | 10.3% | -71.4% | ||
| Q2 25 | 3.0% | -83.3% | ||
| Q1 25 | 0.6% | -72.0% | ||
| Q4 24 | -6.9% | -58.4% | ||
| Q3 24 | — | -92.5% | ||
| Q2 24 | -4.7% | -70.0% | ||
| Q1 24 | -26.4% | -94.8% |
| Q4 25 | -1.8% | -53.8% | ||
| Q3 25 | -38.8% | -71.3% | ||
| Q2 25 | 3.2% | -75.6% | ||
| Q1 25 | 2.8% | -63.9% | ||
| Q4 24 | -6.4% | -59.2% | ||
| Q3 24 | — | -92.1% | ||
| Q2 24 | -0.9% | -36.6% | ||
| Q1 24 | -16.0% | -59.6% |
| Q4 25 | $-0.04 | $-0.16 | ||
| Q3 25 | $-0.65 | $-0.19 | ||
| Q2 25 | $0.11 | $-0.20 | ||
| Q1 25 | $0.09 | $-0.18 | ||
| Q4 24 | $-0.13 | $-0.18 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | $-0.04 | $-0.11 | ||
| Q1 24 | $-0.40 | $-0.19 |
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 | $145.5M |
| Total DebtLower is stronger | — | $353.4M |
| Stockholders' EquityBook value | $249.7M | $358.0M |
| Total Assets | $268.1M | $840.8M |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $145.5M | ||
| Q3 25 | $106.0M | $160.9M | ||
| Q2 25 | $117.2M | $192.6M | ||
| Q1 25 | $112.0M | $236.6M | ||
| Q4 24 | $113.0M | $274.2M | ||
| Q3 24 | $129.0M | $96.9M | ||
| Q2 24 | $123.8M | $112.3M | ||
| Q1 24 | $142.9M | $138.2M |
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $358.0M | ||
| Q3 25 | $256.2M | $369.2M | ||
| Q2 25 | $264.5M | $390.4M | ||
| Q1 25 | $265.9M | $405.6M | ||
| Q4 24 | $267.4M | $417.9M | ||
| Q3 24 | $275.8M | $458.6M | ||
| Q2 24 | $274.6M | $470.7M | ||
| Q1 24 | $279.2M | $432.9M |
| Q4 25 | $268.1M | $840.8M | ||
| Q3 25 | $306.2M | $855.1M | ||
| Q2 25 | $314.7M | $867.6M | ||
| Q1 25 | $310.9M | $909.0M | ||
| Q4 24 | $303.2M | $941.4M | ||
| Q3 24 | $315.3M | $797.5M | ||
| Q2 24 | $318.1M | $797.3M | ||
| Q1 24 | $315.4M | $803.6M |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| 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 | $-14.4M |
| Free Cash FlowOCF − Capex | $-2.4M | $-16.1M |
| FCF MarginFCF / Revenue | -7.1% | -27.8% |
| Capex IntensityCapex / Revenue | 2.9% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $-14.4M | ||
| Q3 25 | — | $-6.2M | ||
| Q2 25 | $7.9M | $-7.6M | ||
| Q1 25 | $3.0M | $-29.0M | ||
| Q4 24 | $7.2M | $-6.7M | ||
| Q3 24 | $22.2M | $-22.8M | ||
| Q2 24 | $4.0M | $-19.7M | ||
| Q1 24 | $-5.7M | $-9.3M |
| Q4 25 | $-2.4M | $-16.1M | ||
| Q3 25 | — | $-10.3M | ||
| Q2 25 | $7.5M | $-13.6M | ||
| Q1 25 | $654.0K | $-31.4M | ||
| Q4 24 | $5.1M | $-8.6M | ||
| Q3 24 | $18.2M | $-29.3M | ||
| Q2 24 | $2.8M | $-23.4M | ||
| Q1 24 | $-7.7M | $-11.7M |
| Q4 25 | -7.1% | -27.8% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | 15.1% | -26.4% | ||
| Q1 25 | 1.4% | -58.0% | ||
| Q4 24 | 17.1% | -14.8% | ||
| Q3 24 | 323.0% | -54.3% | ||
| Q2 24 | 5.8% | -44.7% | ||
| Q1 24 | -20.8% | -22.3% |
| Q4 25 | 2.9% | 3.0% | ||
| Q3 25 | 2.0% | 7.8% | ||
| Q2 25 | 0.8% | 11.6% | ||
| Q1 25 | 5.1% | 4.4% | ||
| Q4 24 | 7.0% | 3.2% | ||
| Q3 24 | 71.4% | 12.1% | ||
| Q2 24 | 2.5% | 7.0% | ||
| Q1 24 | 5.3% | 4.4% |
| 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.
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
