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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $25.6M, roughly 1.3× IT TECH PACKAGING, INC.). Clearfield, Inc. runs the higher net margin — -1.8% vs -5.7%, a 3.9% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -3.2%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-2.4M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.
CLFD vs ITP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $25.6M |
| Net Profit | $-614.0K | $-1.4M |
| Gross Margin | 33.2% | 7.9% |
| Operating Margin | -5.3% | -3.9% |
| Net Margin | -1.8% | -5.7% |
| Revenue YoY | -3.2% | 2.1% |
| Net Profit YoY | 67.8% | 26.6% |
| EPS (diluted) | $-0.04 | $-0.11 |
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 | — | ||
| Q3 25 | $23.4M | $25.6M | ||
| Q2 25 | $49.9M | $24.8M | ||
| Q1 25 | $47.2M | $10.9M | ||
| Q4 24 | $29.7M | $17.6M | ||
| Q3 24 | $5.6M | $25.1M | ||
| Q2 24 | $48.8M | $26.2M | ||
| Q1 24 | $36.9M | $6.9M |
| Q4 25 | $-614.0K | — | ||
| Q3 25 | $-9.1M | $-1.4M | ||
| Q2 25 | $1.6M | $-2.0M | ||
| Q1 25 | $1.3M | $-3.5M | ||
| Q4 24 | $-1.9M | $-4.0M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | $-447.0K | $-77.7K | ||
| Q1 24 | $-5.9M | $-3.7M |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 53.2% | 7.9% | ||
| Q2 25 | 30.5% | 5.1% | ||
| Q1 25 | 30.1% | 0.8% | ||
| Q4 24 | 29.2% | 6.3% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | 21.9% | 12.4% | ||
| Q1 24 | 7.7% | 5.8% |
| Q4 25 | -5.3% | — | ||
| Q3 25 | 10.3% | -3.9% | ||
| Q2 25 | 3.0% | -7.1% | ||
| Q1 25 | 0.6% | -31.0% | ||
| Q4 24 | -6.9% | -21.5% | ||
| Q3 24 | — | -5.8% | ||
| Q2 24 | -4.7% | 2.1% | ||
| Q1 24 | -26.4% | -51.0% |
| Q4 25 | -1.8% | — | ||
| Q3 25 | -38.8% | -5.7% | ||
| Q2 25 | 3.2% | -7.9% | ||
| Q1 25 | 2.8% | -32.2% | ||
| Q4 24 | -6.4% | -22.9% | ||
| Q3 24 | — | -7.9% | ||
| Q2 24 | -0.9% | -0.3% | ||
| Q1 24 | -16.0% | -54.6% |
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $-0.65 | $-0.11 | ||
| Q2 25 | $0.11 | $-0.16 | ||
| Q1 25 | $0.09 | $-0.35 | ||
| Q4 24 | $-0.13 | $-0.40 | ||
| Q3 24 | — | $-0.20 | ||
| Q2 24 | $-0.04 | $-0.01 | ||
| Q1 24 | $-0.40 | $-0.37 |
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 | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $249.7M | $152.0M |
| Total Assets | $268.1M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | $2.2M | $8.9M | ||
| Q2 24 | $2.1M | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $249.7M | — | ||
| Q3 25 | $256.2M | $152.0M | ||
| Q2 25 | $264.5M | $152.3M | ||
| Q1 25 | $265.9M | $152.8M | ||
| Q4 24 | $267.4M | $156.1M | ||
| Q3 24 | $275.8M | $164.3M | ||
| Q2 24 | $274.6M | $163.5M | ||
| Q1 24 | $279.2M | $164.3M |
| Q4 25 | $268.1M | — | ||
| Q3 25 | $306.2M | $175.7M | ||
| Q2 25 | $314.7M | $175.2M | ||
| Q1 25 | $310.9M | $175.2M | ||
| Q4 24 | $303.2M | $177.5M | ||
| Q3 24 | $315.3M | $190.0M | ||
| Q2 24 | $318.1M | $191.4M | ||
| Q1 24 | $315.4M | $177.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | 0.01× | 0.05× | ||
| Q2 24 | 0.01× | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $1.5M |
| Free Cash FlowOCF − Capex | $-2.4M | $1.5M |
| FCF MarginFCF / Revenue | -7.1% | 5.9% |
| Capex IntensityCapex / Revenue | 2.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | — | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | $7.9M | $1.4M | ||
| Q1 25 | $3.0M | $-2.5M | ||
| Q4 24 | $7.2M | $3.5M | ||
| Q3 24 | $22.2M | $1.5M | ||
| Q2 24 | $4.0M | $721.9K | ||
| Q1 24 | $-5.7M | $624.4K |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | $7.5M | $1.3M | ||
| Q1 25 | $654.0K | $-2.5M | ||
| Q4 24 | $5.1M | $3.5M | ||
| Q3 24 | $18.2M | $1.2M | ||
| Q2 24 | $2.8M | $668.3K | ||
| Q1 24 | $-7.7M | $615.4K |
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | 15.1% | 5.4% | ||
| Q1 25 | 1.4% | -22.8% | ||
| Q4 24 | 17.1% | 19.6% | ||
| Q3 24 | 323.0% | 4.9% | ||
| Q2 24 | 5.8% | 2.5% | ||
| Q1 24 | -20.8% | 9.0% |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.0% | 0.0% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 5.1% | 0.1% | ||
| Q4 24 | 7.0% | 0.1% | ||
| Q3 24 | 71.4% | 1.0% | ||
| Q2 24 | 2.5% | 0.2% | ||
| Q1 24 | 5.3% | 0.1% |
| 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.
