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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $34.3M, roughly 1.7× Clearfield, Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs -1.8%, a 16.0% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -3.2%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-2.4M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
CLFD vs LB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $56.8M |
| Net Profit | $-614.0K | $8.1M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 60.0% |
| Net Margin | -1.8% | 14.2% |
| Revenue YoY | -3.2% | 55.6% |
| Net Profit YoY | 67.8% | -83.7% |
| EPS (diluted) | $-0.04 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $23.4M | $50.8M | ||
| Q2 25 | $49.9M | $47.5M | ||
| Q1 25 | $47.2M | $44.0M | ||
| Q4 24 | $29.7M | $36.5M | ||
| Q3 24 | $5.6M | $28.5M | ||
| Q2 24 | $48.8M | $26.0M | ||
| Q1 24 | $36.9M | $19.0M |
| Q4 25 | $-614.0K | $8.1M | ||
| Q3 25 | $-9.1M | $8.1M | ||
| Q2 25 | $1.6M | $7.5M | ||
| Q1 25 | $1.3M | $6.5M | ||
| Q4 24 | $-1.9M | $49.3M | ||
| Q3 24 | — | $2.7M | ||
| Q2 24 | $-447.0K | $-57.7M | ||
| Q1 24 | $-5.9M | $10.8M |
| 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% | — |
| Q4 25 | -5.3% | 60.0% | ||
| Q3 25 | 10.3% | 60.8% | ||
| Q2 25 | 3.0% | 60.0% | ||
| Q1 25 | 0.6% | 57.0% | ||
| Q4 24 | -6.9% | 49.4% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | -4.7% | -197.4% | ||
| Q1 24 | -26.4% | 71.1% |
| Q4 25 | -1.8% | 14.2% | ||
| Q3 25 | -38.8% | 15.9% | ||
| Q2 25 | 3.2% | 15.8% | ||
| Q1 25 | 2.8% | 14.7% | ||
| Q4 24 | -6.4% | 135.2% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | -0.9% | -222.1% | ||
| Q1 24 | -16.0% | 56.7% |
| Q4 25 | $-0.04 | $0.24 | ||
| Q3 25 | $-0.65 | $0.26 | ||
| Q2 25 | $0.11 | $0.24 | ||
| Q1 25 | $0.09 | $0.20 | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.40 | — |
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 | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $249.7M | $340.3M |
| Total Assets | $268.1M | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $30.7M | ||
| Q3 25 | $106.0M | $28.3M | ||
| Q2 25 | $117.2M | $20.3M | ||
| Q1 25 | $112.0M | $14.9M | ||
| Q4 24 | $113.0M | $37.0M | ||
| Q3 24 | $129.0M | $14.4M | ||
| Q2 24 | $123.8M | $24.6M | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | $2.2M | $242.4M | ||
| Q2 24 | $2.1M | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $340.3M | ||
| Q3 25 | $256.2M | $272.0M | ||
| Q2 25 | $264.5M | $266.4M | ||
| Q1 25 | $265.9M | $217.0M | ||
| Q4 24 | $267.4M | $211.8M | ||
| Q3 24 | $275.8M | $97.2M | ||
| Q2 24 | $274.6M | $296.4M | ||
| Q1 24 | $279.2M | $162.3M |
| Q4 25 | $268.1M | $1.4B | ||
| Q3 25 | $306.2M | $1.1B | ||
| Q2 25 | $314.7M | $1.1B | ||
| Q1 25 | $310.9M | $1.0B | ||
| Q4 24 | $303.2M | $1.0B | ||
| Q3 24 | $315.3M | $689.9M | ||
| Q2 24 | $318.1M | $710.5M | ||
| Q1 24 | $315.4M | — |
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | 0.01× | 2.49× | ||
| Q2 24 | 0.01× | 1.22× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $126.3M |
| Free Cash FlowOCF − Capex | $-2.4M | $122.0M |
| FCF MarginFCF / Revenue | -7.1% | 214.9% |
| Capex IntensityCapex / Revenue | 2.9% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $126.3M | ||
| Q3 25 | — | $34.9M | ||
| Q2 25 | $7.9M | $37.3M | ||
| Q1 25 | $3.0M | $15.9M | ||
| Q4 24 | $7.2M | $67.6M | ||
| Q3 24 | $22.2M | $7.5M | ||
| Q2 24 | $4.0M | $16.0M | ||
| Q1 24 | $-5.7M | $17.2M |
| Q4 25 | $-2.4M | $122.0M | ||
| Q3 25 | — | $33.7M | ||
| Q2 25 | $7.5M | $36.1M | ||
| Q1 25 | $654.0K | $15.8M | ||
| Q4 24 | $5.1M | $66.7M | ||
| Q3 24 | $18.2M | $7.1M | ||
| Q2 24 | $2.8M | $15.7M | ||
| Q1 24 | $-7.7M | $17.1M |
| Q4 25 | -7.1% | 214.9% | ||
| Q3 25 | — | 66.3% | ||
| Q2 25 | 15.1% | 75.9% | ||
| Q1 25 | 1.4% | 36.0% | ||
| Q4 24 | 17.1% | 182.6% | ||
| Q3 24 | 323.0% | 25.1% | ||
| Q2 24 | 5.8% | 60.4% | ||
| Q1 24 | -20.8% | 90.1% |
| Q4 25 | 2.9% | 7.5% | ||
| Q3 25 | 2.0% | 2.3% | ||
| Q2 25 | 0.8% | 2.6% | ||
| Q1 25 | 5.1% | 0.2% | ||
| Q4 24 | 7.0% | 2.7% | ||
| Q3 24 | 71.4% | 1.1% | ||
| Q2 24 | 2.5% | 1.4% | ||
| Q1 24 | 5.3% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | 4.93× | 4.98× | ||
| Q1 25 | 2.30× | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
