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

LAKELAND INDUSTRIES INC is the larger business by last-quarter revenue ($47.6M vs $34.3M, roughly 1.4× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -33.5%, a 31.7% gap on every dollar of revenue. On growth, LAKELAND INDUSTRIES INC posted the faster year-over-year revenue change (4.0% vs -3.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-9.3M). Over the past eight quarters, LAKELAND INDUSTRIES INC's revenue compounded faster (23.4% CAGR vs -3.5%).

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

Lakeland Limited is a chain of British kitchenware stores in the United Kingdom. It is still based where it was founded in Windermere in the Lake District, the area the company is named after.

CLFD vs LAKE — Head-to-Head

Bigger by revenue
LAKE
LAKE
1.4× larger
LAKE
$47.6M
$34.3M
CLFD
Growing faster (revenue YoY)
LAKE
LAKE
+7.2% gap
LAKE
4.0%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
31.7% more per $
CLFD
-1.8%
-33.5%
LAKE
More free cash flow
CLFD
CLFD
$6.8M more FCF
CLFD
$-2.4M
$-9.3M
LAKE
Faster 2-yr revenue CAGR
LAKE
LAKE
Annualised
LAKE
23.4%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CLFD
CLFD
LAKE
LAKE
Revenue
$34.3M
$47.6M
Net Profit
$-614.0K
$-16.0M
Gross Margin
33.2%
29.7%
Operating Margin
-5.3%
-3.4%
Net Margin
-1.8%
-33.5%
Revenue YoY
-3.2%
4.0%
Net Profit YoY
67.8%
-18652.3%
EPS (diluted)
$-0.04
$-1.64

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
LAKE
LAKE
Q4 25
$34.3M
$47.6M
Q3 25
$23.4M
$52.5M
Q2 25
$49.9M
$46.7M
Q1 25
$47.2M
$46.6M
Q4 24
$29.7M
$45.8M
Q3 24
$5.6M
$38.5M
Q2 24
$48.8M
$36.3M
Q1 24
$36.9M
$31.2M
Net Profit
CLFD
CLFD
LAKE
LAKE
Q4 25
$-614.0K
$-16.0M
Q3 25
$-9.1M
$766.0K
Q2 25
$1.6M
$-3.9M
Q1 25
$1.3M
$-18.4M
Q4 24
$-1.9M
$86.0K
Q3 24
$-1.4M
Q2 24
$-447.0K
$1.7M
Q1 24
$-5.9M
$-978.0K
Gross Margin
CLFD
CLFD
LAKE
LAKE
Q4 25
33.2%
29.7%
Q3 25
53.2%
35.8%
Q2 25
30.5%
33.5%
Q1 25
30.1%
40.1%
Q4 24
29.2%
40.6%
Q3 24
39.6%
Q2 24
21.9%
44.6%
Q1 24
7.7%
35.9%
Operating Margin
CLFD
CLFD
LAKE
LAKE
Q4 25
-5.3%
-3.4%
Q3 25
10.3%
-7.7%
Q2 25
3.0%
-9.9%
Q1 25
0.6%
-22.9%
Q4 24
-6.9%
1.8%
Q3 24
-4.1%
Q2 24
-4.7%
6.1%
Q1 24
-26.4%
-10.6%
Net Margin
CLFD
CLFD
LAKE
LAKE
Q4 25
-1.8%
-33.5%
Q3 25
-38.8%
1.5%
Q2 25
3.2%
-8.4%
Q1 25
2.8%
-39.5%
Q4 24
-6.4%
0.2%
Q3 24
-3.6%
Q2 24
-0.9%
4.6%
Q1 24
-16.0%
-3.1%
EPS (diluted)
CLFD
CLFD
LAKE
LAKE
Q4 25
$-0.04
$-1.64
Q3 25
$-0.65
$0.08
Q2 25
$0.11
$-0.41
Q1 25
$0.09
$-2.47
Q4 24
$-0.13
$0.01
Q3 24
$-0.19
Q2 24
$-0.04
$0.22
Q1 24
$-0.40
$-0.12

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
LAKE
LAKE
Cash + ST InvestmentsLiquidity on hand
$96.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$134.5M
Total Assets
$268.1M
$220.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
LAKE
LAKE
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
$27.4M
Total Debt
CLFD
CLFD
LAKE
LAKE
Q4 25
Q3 25
Q2 25
Q1 25
$16.4M
Q4 24
Q3 24
$2.2M
$2.9M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
LAKE
LAKE
Q4 25
$249.7M
$134.5M
Q3 25
$256.2M
$147.3M
Q2 25
$264.5M
$143.4M
Q1 25
$265.9M
$146.6M
Q4 24
$267.4M
$124.7M
Q3 24
$275.8M
$124.7M
Q2 24
$274.6M
$125.1M
Q1 24
$279.2M
$123.5M
Total Assets
CLFD
CLFD
LAKE
LAKE
Q4 25
$268.1M
$220.7M
Q3 25
$306.2M
$226.3M
Q2 25
$314.7M
$218.1M
Q1 25
$310.9M
$212.5M
Q4 24
$303.2M
$201.2M
Q3 24
$315.3M
$198.4M
Q2 24
$318.1M
$171.5M
Q1 24
$315.4M
$153.7M
Debt / Equity
CLFD
CLFD
LAKE
LAKE
Q4 25
Q3 25
Q2 25
Q1 25
0.11×
Q4 24
Q3 24
0.01×
0.02×
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
LAKE
LAKE
Operating Cash FlowLast quarter
$-1.4M
$-7.9M
Free Cash FlowOCF − Capex
$-2.4M
$-9.3M
FCF MarginFCF / Revenue
-7.1%
-19.5%
Capex IntensityCapex / Revenue
2.9%
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
LAKE
LAKE
Q4 25
$-1.4M
$-7.9M
Q3 25
$-4.8M
Q2 25
$7.9M
$-4.8M
Q1 25
$3.0M
$-3.4M
Q4 24
$7.2M
$-8.4M
Q3 24
$22.2M
$-4.3M
Q2 24
$4.0M
$293.0K
Q1 24
$-5.7M
$3.2M
Free Cash Flow
CLFD
CLFD
LAKE
LAKE
Q4 25
$-2.4M
$-9.3M
Q3 25
$-5.7M
Q2 25
$7.5M
$-6.0M
Q1 25
$654.0K
$-3.4M
Q4 24
$5.1M
$-9.1M
Q3 24
$18.2M
$-4.7M
Q2 24
$2.8M
$-173.0K
Q1 24
$-7.7M
$2.6M
FCF Margin
CLFD
CLFD
LAKE
LAKE
Q4 25
-7.1%
-19.5%
Q3 25
-10.9%
Q2 25
15.1%
-12.9%
Q1 25
1.4%
-7.4%
Q4 24
17.1%
-19.9%
Q3 24
323.0%
-12.3%
Q2 24
5.8%
-0.5%
Q1 24
-20.8%
8.4%
Capex Intensity
CLFD
CLFD
LAKE
LAKE
Q4 25
2.9%
2.8%
Q3 25
2.0%
1.8%
Q2 25
0.8%
2.6%
Q1 25
5.1%
0.1%
Q4 24
7.0%
1.4%
Q3 24
71.4%
1.0%
Q2 24
2.5%
1.3%
Q1 24
5.3%
1.8%
Cash Conversion
CLFD
CLFD
LAKE
LAKE
Q4 25
Q3 25
-6.29×
Q2 25
4.93×
Q1 25
2.30×
Q4 24
-98.15×
Q3 24
Q2 24
0.18×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

LAKE
LAKE

United State$21.0M44%
Disposables$10.9M23%
Chemical$5.0M11%
Other Foreign$4.3M9%
Other$4.0M8%
High Performance Wear$2.4M5%

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