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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Investar Holding Corp (ISTR). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $23.5M, roughly 1.5× Investar Holding Corp). On growth, Investar Holding Corp posted the faster year-over-year revenue change (0.9% vs -3.2%). Over the past eight quarters, Investar Holding Corp's revenue compounded faster (4.9% CAGR vs -3.5%).

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

Investar Holding Corp is a U.S.-headquartered bank holding company that primarily operates across the Gulf Coast region. It delivers a full range of commercial and retail banking services, including deposit products, consumer and business loans, mortgage services, and wealth management solutions for individual clients, small and medium-sized enterprises, and commercial entities.

CLFD vs ISTR — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.5× larger
CLFD
$34.3M
$23.5M
ISTR
Growing faster (revenue YoY)
ISTR
ISTR
+4.1% gap
ISTR
0.9%
-3.2%
CLFD
Faster 2-yr revenue CAGR
ISTR
ISTR
Annualised
ISTR
4.9%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
ISTR
ISTR
Revenue
$34.3M
$23.5M
Net Profit
$-614.0K
Gross Margin
33.2%
Operating Margin
-5.3%
30.9%
Net Margin
-1.8%
Revenue YoY
-3.2%
0.9%
Net Profit YoY
67.8%
EPS (diluted)
$-0.04
$0.50

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
ISTR
ISTR
Q4 25
$34.3M
$23.5M
Q3 25
$23.4M
$24.1M
Q2 25
$49.9M
$22.3M
Q1 25
$47.2M
$24.0M
Q4 24
$29.7M
$23.3M
Q3 24
$5.6M
$22.3M
Q2 24
$48.8M
$20.4M
Q1 24
$36.9M
$21.4M
Net Profit
CLFD
CLFD
ISTR
ISTR
Q4 25
$-614.0K
Q3 25
$-9.1M
$6.2M
Q2 25
$1.6M
$4.5M
Q1 25
$1.3M
$6.3M
Q4 24
$-1.9M
Q3 24
$5.4M
Q2 24
$-447.0K
$4.1M
Q1 24
$-5.9M
$4.7M
Gross Margin
CLFD
CLFD
ISTR
ISTR
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
ISTR
ISTR
Q4 25
-5.3%
30.9%
Q3 25
10.3%
31.0%
Q2 25
3.0%
24.4%
Q1 25
0.6%
32.2%
Q4 24
-6.9%
31.1%
Q3 24
27.6%
Q2 24
-4.7%
24.0%
Q1 24
-26.4%
28.5%
Net Margin
CLFD
CLFD
ISTR
ISTR
Q4 25
-1.8%
Q3 25
-38.8%
25.6%
Q2 25
3.2%
20.2%
Q1 25
2.8%
26.3%
Q4 24
-6.4%
Q3 24
24.1%
Q2 24
-0.9%
19.9%
Q1 24
-16.0%
22.0%
EPS (diluted)
CLFD
CLFD
ISTR
ISTR
Q4 25
$-0.04
$0.50
Q3 25
$-0.65
$0.54
Q2 25
$0.11
$0.46
Q1 25
$0.09
$0.63
Q4 24
$-0.13
$0.61
Q3 24
$0.54
Q2 24
$-0.04
$0.41
Q1 24
$-0.40
$0.48

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
ISTR
ISTR
Cash + ST InvestmentsLiquidity on hand
$96.4M
Total DebtLower is stronger
$9.8M
Stockholders' EquityBook value
$249.7M
$301.1M
Total Assets
$268.1M
$2.8B
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
ISTR
ISTR
Q4 25
$96.4M
Q3 25
$106.0M
Q2 25
$117.2M
Q1 25
$112.0M
Q4 24
$113.0M
Q3 24
$129.0M
Q2 24
$123.8M
Q1 24
$142.9M
Total Debt
CLFD
CLFD
ISTR
ISTR
Q4 25
$9.8M
Q3 25
Q2 25
Q1 25
Q4 24
$9.8M
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
ISTR
ISTR
Q4 25
$249.7M
$301.1M
Q3 25
$256.2M
$295.3M
Q2 25
$264.5M
$255.9M
Q1 25
$265.9M
$251.7M
Q4 24
$267.4M
$241.3M
Q3 24
$275.8M
$245.5M
Q2 24
$274.6M
$230.2M
Q1 24
$279.2M
$227.0M
Total Assets
CLFD
CLFD
ISTR
ISTR
Q4 25
$268.1M
$2.8B
Q3 25
$306.2M
$2.8B
Q2 25
$314.7M
$2.7B
Q1 25
$310.9M
$2.7B
Q4 24
$303.2M
$2.7B
Q3 24
$315.3M
$2.8B
Q2 24
$318.1M
$2.8B
Q1 24
$315.4M
$2.8B
Debt / Equity
CLFD
CLFD
ISTR
ISTR
Q4 25
0.03×
Q3 25
Q2 25
Q1 25
Q4 24
0.04×
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
ISTR
ISTR
Operating Cash FlowLast quarter
$-1.4M
$18.2M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
ISTR
ISTR
Q4 25
$-1.4M
$18.2M
Q3 25
$6.9M
Q2 25
$7.9M
$3.2M
Q1 25
$3.0M
$4.5M
Q4 24
$7.2M
$15.9M
Q3 24
$22.2M
$5.6M
Q2 24
$4.0M
$2.8M
Q1 24
$-5.7M
$7.8M
Free Cash Flow
CLFD
CLFD
ISTR
ISTR
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
Q1 25
$654.0K
Q4 24
$5.1M
Q3 24
$18.2M
Q2 24
$2.8M
Q1 24
$-7.7M
FCF Margin
CLFD
CLFD
ISTR
ISTR
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
Q1 25
1.4%
Q4 24
17.1%
Q3 24
323.0%
Q2 24
5.8%
Q1 24
-20.8%
Capex Intensity
CLFD
CLFD
ISTR
ISTR
Q4 25
2.9%
Q3 25
2.0%
Q2 25
0.8%
Q1 25
5.1%
Q4 24
7.0%
Q3 24
71.4%
Q2 24
2.5%
Q1 24
5.3%
Cash Conversion
CLFD
CLFD
ISTR
ISTR
Q4 25
Q3 25
1.12×
Q2 25
4.93×
0.71×
Q1 25
2.30×
0.71×
Q4 24
Q3 24
1.03×
Q2 24
0.70×
Q1 24
1.66×

Financial Flow Comparison

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

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