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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and LCNB CORP (LCNB). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $23.9M, roughly 1.4× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs -1.8%, a 25.5% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -3.2%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-2.4M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
CLFD vs LCNB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $23.9M |
| Net Profit | $-614.0K | $5.7M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 29.2% |
| Net Margin | -1.8% | 23.7% |
| Revenue YoY | -3.2% | 5.1% |
| Net Profit YoY | 67.8% | -7.6% |
| EPS (diluted) | $-0.04 | $0.40 |
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 | $23.9M | ||
| Q3 25 | $23.4M | $23.8M | ||
| Q2 25 | $49.9M | $22.8M | ||
| Q1 25 | $47.2M | $21.5M | ||
| Q4 24 | $29.7M | $22.7M | ||
| Q3 24 | $5.6M | $21.4M | ||
| Q2 24 | $48.8M | $19.3M | ||
| Q1 24 | $36.9M | $17.8M |
| Q4 25 | $-614.0K | $5.7M | ||
| Q3 25 | $-9.1M | $6.9M | ||
| Q2 25 | $1.6M | $5.9M | ||
| Q1 25 | $1.3M | $4.6M | ||
| Q4 24 | $-1.9M | $6.1M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | $-447.0K | $925.0K | ||
| Q1 24 | $-5.9M | $1.9M |
| 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% | 29.2% | ||
| Q3 25 | 10.3% | 35.6% | ||
| Q2 25 | 3.0% | 31.6% | ||
| Q1 25 | 0.6% | 25.6% | ||
| Q4 24 | -6.9% | 32.9% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | -4.7% | 4.9% | ||
| Q1 24 | -26.4% | 12.5% |
| Q4 25 | -1.8% | 23.7% | ||
| Q3 25 | -38.8% | 29.1% | ||
| Q2 25 | 3.2% | 26.0% | ||
| Q1 25 | 2.8% | 21.4% | ||
| Q4 24 | -6.4% | 27.0% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | -0.9% | 4.8% | ||
| Q1 24 | -16.0% | 10.7% |
| Q4 25 | $-0.04 | $0.40 | ||
| Q3 25 | $-0.65 | $0.49 | ||
| Q2 25 | $0.11 | $0.41 | ||
| Q1 25 | $0.09 | $0.33 | ||
| Q4 24 | $-0.13 | $0.44 | ||
| Q3 24 | — | $0.31 | ||
| Q2 24 | $-0.04 | $0.07 | ||
| Q1 24 | $-0.40 | $0.15 |
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 | $21.6M |
| Total DebtLower is stronger | — | $104.4M |
| Stockholders' EquityBook value | $249.7M | $273.9M |
| Total Assets | $268.1M | $2.2B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $21.6M | ||
| Q3 25 | $106.0M | $35.9M | ||
| Q2 25 | $117.2M | $49.8M | ||
| Q1 25 | $112.0M | $37.7M | ||
| Q4 24 | $113.0M | $35.7M | ||
| Q3 24 | $129.0M | $39.4M | ||
| Q2 24 | $123.8M | $34.9M | ||
| Q1 24 | $142.9M | $33.0M |
| Q4 25 | — | $104.4M | ||
| Q3 25 | — | $104.7M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $155.2M | ||
| Q3 24 | $2.2M | $155.7M | ||
| Q2 24 | $2.1M | $162.2M | ||
| Q1 24 | — | $162.6M |
| Q4 25 | $249.7M | $273.9M | ||
| Q3 25 | $256.2M | $269.9M | ||
| Q2 25 | $264.5M | $263.5M | ||
| Q1 25 | $265.9M | $258.7M | ||
| Q4 24 | $267.4M | $253.0M | ||
| Q3 24 | $275.8M | $253.2M | ||
| Q2 24 | $274.6M | $245.2M | ||
| Q1 24 | $279.2M | $233.7M |
| Q4 25 | $268.1M | $2.2B | ||
| Q3 25 | $306.2M | $2.2B | ||
| Q2 25 | $314.7M | $2.3B | ||
| Q1 25 | $310.9M | $2.3B | ||
| Q4 24 | $303.2M | $2.3B | ||
| Q3 24 | $315.3M | $2.3B | ||
| Q2 24 | $318.1M | $2.4B | ||
| Q1 24 | $315.4M | $2.3B |
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | 0.01× | 0.61× | ||
| Q2 24 | 0.01× | 0.66× | ||
| Q1 24 | — | 0.70× |
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 | $34.4M |
| Free Cash FlowOCF − Capex | $-2.4M | $33.4M |
| FCF MarginFCF / Revenue | -7.1% | 140.2% |
| Capex IntensityCapex / Revenue | 2.9% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $34.4M | ||
| Q3 25 | — | $14.0M | ||
| Q2 25 | $7.9M | $5.5M | ||
| Q1 25 | $3.0M | $2.2M | ||
| Q4 24 | $7.2M | $93.2M | ||
| Q3 24 | $22.2M | $11.9M | ||
| Q2 24 | $4.0M | $54.9M | ||
| Q1 24 | $-5.7M | $-11.9M |
| Q4 25 | $-2.4M | $33.4M | ||
| Q3 25 | — | $13.7M | ||
| Q2 25 | $7.5M | $5.2M | ||
| Q1 25 | $654.0K | $2.1M | ||
| Q4 24 | $5.1M | $89.4M | ||
| Q3 24 | $18.2M | $10.5M | ||
| Q2 24 | $2.8M | $53.8M | ||
| Q1 24 | $-7.7M | $-12.8M |
| Q4 25 | -7.1% | 140.2% | ||
| Q3 25 | — | 57.4% | ||
| Q2 25 | 15.1% | 23.0% | ||
| Q1 25 | 1.4% | 10.0% | ||
| Q4 24 | 17.1% | 394.0% | ||
| Q3 24 | 323.0% | 49.0% | ||
| Q2 24 | 5.8% | 278.6% | ||
| Q1 24 | -20.8% | -71.8% |
| Q4 25 | 2.9% | 4.0% | ||
| Q3 25 | 2.0% | 1.3% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 5.1% | 0.3% | ||
| Q4 24 | 7.0% | 16.7% | ||
| Q3 24 | 71.4% | 6.7% | ||
| Q2 24 | 2.5% | 5.9% | ||
| Q1 24 | 5.3% | 4.8% |
| Q4 25 | — | 6.08× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | 4.93× | 0.92× | ||
| Q1 25 | 2.30× | 0.48× | ||
| Q4 24 | — | 15.23× | ||
| Q3 24 | — | 2.63× | ||
| Q2 24 | — | 59.35× | ||
| Q1 24 | — | -6.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
