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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $18.8M, roughly 1.8× LANDMARK BANCORP INC). LANDMARK BANCORP INC runs the higher net margin — 27.0% vs -1.8%, a 28.8% gap on every dollar of revenue. On growth, LANDMARK BANCORP INC posted the faster year-over-year revenue change (14.0% vs -3.2%). Over the past eight quarters, LANDMARK BANCORP INC's revenue compounded faster (13.1% CAGR vs -3.5%).

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

Landmark Bancorp Inc is a U.S.-based bank holding company operating Landmark National Bank, primarily serving communities across Kansas. It provides a full range of personal and commercial banking services including deposit accounts, residential mortgages, commercial loans, and wealth management solutions, catering to individual consumers, small businesses and local mid-sized enterprises.

CLFD vs LARK — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.8× larger
CLFD
$34.3M
$18.8M
LARK
Growing faster (revenue YoY)
LARK
LARK
+17.2% gap
LARK
14.0%
-3.2%
CLFD
Higher net margin
LARK
LARK
28.8% more per $
LARK
27.0%
-1.8%
CLFD
Faster 2-yr revenue CAGR
LARK
LARK
Annualised
LARK
13.1%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLFD
CLFD
LARK
LARK
Revenue
$34.3M
$18.8M
Net Profit
$-614.0K
$5.1M
Gross Margin
33.2%
Operating Margin
-5.3%
Net Margin
-1.8%
27.0%
Revenue YoY
-3.2%
14.0%
Net Profit YoY
67.8%
7.8%
EPS (diluted)
$-0.04

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
LARK
LARK
Q1 26
$18.8M
Q4 25
$34.3M
$18.7M
Q3 25
$23.4M
$18.2M
Q2 25
$49.9M
$17.3M
Q1 25
$47.2M
$16.5M
Q4 24
$29.7M
$15.8M
Q3 24
$5.6M
$15.9M
Q2 24
$48.8M
$14.7M
Net Profit
CLFD
CLFD
LARK
LARK
Q1 26
$5.1M
Q4 25
$-614.0K
$4.7M
Q3 25
$-9.1M
$4.9M
Q2 25
$1.6M
$4.4M
Q1 25
$1.3M
$4.7M
Q4 24
$-1.9M
$3.3M
Q3 24
$3.9M
Q2 24
$-447.0K
$3.0M
Gross Margin
CLFD
CLFD
LARK
LARK
Q1 26
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%
Operating Margin
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
-5.3%
31.7%
Q3 25
10.3%
33.4%
Q2 25
3.0%
30.9%
Q1 25
0.6%
34.7%
Q4 24
-6.9%
15.2%
Q3 24
30.3%
Q2 24
-4.7%
24.5%
Net Margin
CLFD
CLFD
LARK
LARK
Q1 26
27.0%
Q4 25
-1.8%
32.1%
Q3 25
-38.8%
27.1%
Q2 25
3.2%
25.4%
Q1 25
2.8%
28.5%
Q4 24
-6.4%
26.5%
Q3 24
24.8%
Q2 24
-0.9%
20.5%
EPS (diluted)
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
$-0.04
$0.66
Q3 25
$-0.65
$0.85
Q2 25
$0.11
$0.75
Q1 25
$0.09
$0.81
Q4 24
$-0.13
$0.47
Q3 24
$0.68
Q2 24
$-0.04
$0.52

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
LARK
LARK
Cash + ST InvestmentsLiquidity on hand
$96.4M
$31.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
Total Assets
$268.1M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
LARK
LARK
Q1 26
$31.9M
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
Total Debt
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Stockholders' Equity
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
$249.7M
$160.6M
Q3 25
$256.2M
$155.7M
Q2 25
$264.5M
$148.4M
Q1 25
$265.9M
$142.7M
Q4 24
$267.4M
$136.2M
Q3 24
$275.8M
$139.7M
Q2 24
$274.6M
$128.3M
Total Assets
CLFD
CLFD
LARK
LARK
Q1 26
$1.6B
Q4 25
$268.1M
$1.6B
Q3 25
$306.2M
$1.6B
Q2 25
$314.7M
$1.6B
Q1 25
$310.9M
$1.6B
Q4 24
$303.2M
$1.6B
Q3 24
$315.3M
$1.6B
Q2 24
$318.1M
$1.6B
Debt / Equity
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.01×
Q2 24
0.01×

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
LARK
LARK
Operating Cash FlowLast quarter
$-1.4M
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
LARK
LARK
Q1 26
Q4 25
$-1.4M
$21.6M
Q3 25
$10.3M
Q2 25
$7.9M
$439.0K
Q1 25
$3.0M
$8.0M
Q4 24
$7.2M
$14.2M
Q3 24
$22.2M
$8.1M
Q2 24
$4.0M
$4.4M
Free Cash Flow
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
$-2.4M
$21.0M
Q3 25
$10.1M
Q2 25
$7.5M
$354.0K
Q1 25
$654.0K
$8.0M
Q4 24
$5.1M
$11.9M
Q3 24
$18.2M
$7.8M
Q2 24
$2.8M
$3.8M
FCF Margin
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
-7.1%
112.5%
Q3 25
55.4%
Q2 25
15.1%
2.0%
Q1 25
1.4%
48.4%
Q4 24
17.1%
75.6%
Q3 24
323.0%
49.3%
Q2 24
5.8%
25.6%
Capex Intensity
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
2.9%
3.2%
Q3 25
2.0%
1.4%
Q2 25
0.8%
0.5%
Q1 25
5.1%
0.3%
Q4 24
7.0%
14.7%
Q3 24
71.4%
1.8%
Q2 24
2.5%
4.2%
Cash Conversion
CLFD
CLFD
LARK
LARK
Q1 26
Q4 25
4.56×
Q3 25
2.09×
Q2 25
4.93×
0.10×
Q1 25
2.30×
1.71×
Q4 24
4.34×
Q3 24
2.06×
Q2 24
1.45×

Financial Flow Comparison

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

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