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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $34.3M, roughly 1.4× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -4.8%, a 3.0% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -20.2%).

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

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

CLFD vs IRWD — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.4× larger
IRWD
$47.7M
$34.3M
CLFD
Growing faster (revenue YoY)
CLFD
CLFD
+44.1% gap
CLFD
-3.2%
-47.3%
IRWD
Higher net margin
CLFD
CLFD
3.0% more per $
CLFD
-1.8%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$77.0M more FCF
IRWD
$74.6M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
CLFD
CLFD
Annualised
CLFD
-3.5%
-20.2%
IRWD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
IRWD
IRWD
Revenue
$34.3M
$47.7M
Net Profit
$-614.0K
$-2.3M
Gross Margin
33.2%
Operating Margin
-5.3%
14.3%
Net Margin
-1.8%
-4.8%
Revenue YoY
-3.2%
-47.3%
Net Profit YoY
67.8%
-200.9%
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
IRWD
IRWD
Q4 25
$34.3M
$47.7M
Q3 25
$23.4M
$122.1M
Q2 25
$49.9M
$85.2M
Q1 25
$47.2M
$41.1M
Q4 24
$29.7M
$90.5M
Q3 24
$5.6M
$91.6M
Q2 24
$48.8M
$94.4M
Q1 24
$36.9M
$74.9M
Net Profit
CLFD
CLFD
IRWD
IRWD
Q4 25
$-614.0K
$-2.3M
Q3 25
$-9.1M
$40.1M
Q2 25
$1.6M
$23.6M
Q1 25
$1.3M
$-37.4M
Q4 24
$-1.9M
$2.3M
Q3 24
$3.6M
Q2 24
$-447.0K
$-860.0K
Q1 24
$-5.9M
$-4.2M
Gross Margin
CLFD
CLFD
IRWD
IRWD
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%
Operating Margin
CLFD
CLFD
IRWD
IRWD
Q4 25
-5.3%
14.3%
Q3 25
10.3%
61.8%
Q2 25
3.0%
53.2%
Q1 25
0.6%
-70.7%
Q4 24
-6.9%
34.8%
Q3 24
28.0%
Q2 24
-4.7%
26.5%
Q1 24
-26.4%
14.7%
Net Margin
CLFD
CLFD
IRWD
IRWD
Q4 25
-1.8%
-4.8%
Q3 25
-38.8%
32.8%
Q2 25
3.2%
27.7%
Q1 25
2.8%
-90.9%
Q4 24
-6.4%
2.5%
Q3 24
4.0%
Q2 24
-0.9%
-0.9%
Q1 24
-16.0%
-5.6%
EPS (diluted)
CLFD
CLFD
IRWD
IRWD
Q4 25
$-0.04
$0.01
Q3 25
$-0.65
$0.23
Q2 25
$0.11
$0.14
Q1 25
$0.09
$-0.23
Q4 24
$-0.13
$0.03
Q3 24
$0.02
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
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$96.4M
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$-261.8M
Total Assets
$268.1M
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
IRWD
IRWD
Q4 25
$96.4M
$215.5M
Q3 25
$106.0M
$140.4M
Q2 25
$117.2M
$92.9M
Q1 25
$112.0M
$108.5M
Q4 24
$113.0M
$88.6M
Q3 24
$129.0M
$88.2M
Q2 24
$123.8M
$105.5M
Q1 24
$142.9M
$121.5M
Total Debt
CLFD
CLFD
IRWD
IRWD
Q4 25
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$2.2M
$198.8M
Q2 24
$2.1M
$198.6M
Q1 24
$398.3M
Stockholders' Equity
CLFD
CLFD
IRWD
IRWD
Q4 25
$249.7M
$-261.8M
Q3 25
$256.2M
$-264.2M
Q2 25
$264.5M
$-308.2M
Q1 25
$265.9M
$-334.1M
Q4 24
$267.4M
$-301.3M
Q3 24
$275.8M
$-311.3M
Q2 24
$274.6M
$-321.7M
Q1 24
$279.2M
$-330.5M
Total Assets
CLFD
CLFD
IRWD
IRWD
Q4 25
$268.1M
$396.9M
Q3 25
$306.2M
$396.1M
Q2 25
$314.7M
$342.9M
Q1 25
$310.9M
$327.2M
Q4 24
$303.2M
$350.9M
Q3 24
$315.3M
$389.5M
Q2 24
$318.1M
$395.6M
Q1 24
$315.4M
$438.8M
Debt / Equity
CLFD
CLFD
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$-1.4M
$74.6M
Free Cash FlowOCF − Capex
$-2.4M
$74.6M
FCF MarginFCF / Revenue
-7.1%
156.3%
Capex IntensityCapex / Revenue
2.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
IRWD
IRWD
Q4 25
$-1.4M
$74.6M
Q3 25
$47.6M
Q2 25
$7.9M
$-15.1M
Q1 25
$3.0M
$20.0M
Q4 24
$7.2M
$15.2M
Q3 24
$22.2M
$9.9M
Q2 24
$4.0M
$33.5M
Q1 24
$-5.7M
$45.0M
Free Cash Flow
CLFD
CLFD
IRWD
IRWD
Q4 25
$-2.4M
$74.6M
Q3 25
$47.6M
Q2 25
$7.5M
$-15.1M
Q1 25
$654.0K
$19.9M
Q4 24
$5.1M
Q3 24
$18.2M
$9.9M
Q2 24
$2.8M
$33.4M
Q1 24
$-7.7M
$44.9M
FCF Margin
CLFD
CLFD
IRWD
IRWD
Q4 25
-7.1%
156.3%
Q3 25
39.0%
Q2 25
15.1%
-17.7%
Q1 25
1.4%
48.4%
Q4 24
17.1%
Q3 24
323.0%
10.8%
Q2 24
5.8%
35.4%
Q1 24
-20.8%
60.0%
Capex Intensity
CLFD
CLFD
IRWD
IRWD
Q4 25
2.9%
0.0%
Q3 25
2.0%
0.0%
Q2 25
0.8%
0.0%
Q1 25
5.1%
0.1%
Q4 24
7.0%
0.0%
Q3 24
71.4%
0.0%
Q2 24
2.5%
0.1%
Q1 24
5.3%
0.1%
Cash Conversion
CLFD
CLFD
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
4.93×
-0.64×
Q1 25
2.30×
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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