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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $34.3M, roughly 1.9× Clearfield, Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -1.8%, a 5.5% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -3.2%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-2.4M). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
CLFD vs MPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $64.6M |
| Net Profit | $-614.0K | $2.4M |
| Gross Margin | 33.2% | 19.6% |
| Operating Margin | -5.3% | 5.8% |
| Net Margin | -1.8% | 3.7% |
| Revenue YoY | -3.2% | 35.0% |
| Net Profit YoY | 67.8% | -44.6% |
| EPS (diluted) | $-0.04 | $0.07 |
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 | $64.6M | ||
| Q3 25 | $23.4M | $53.1M | ||
| Q2 25 | $49.9M | $67.7M | ||
| Q1 25 | $47.2M | $59.0M | ||
| Q4 24 | $29.7M | $47.8M | ||
| Q3 24 | $5.6M | $49.9M | ||
| Q2 24 | $48.8M | $69.5M | ||
| Q1 24 | $36.9M | $69.3M |
| Q4 25 | $-614.0K | $2.4M | ||
| Q3 25 | $-9.1M | $2.6M | ||
| Q2 25 | $1.6M | $4.2M | ||
| Q1 25 | $1.3M | $2.2M | ||
| Q4 24 | $-1.9M | $4.3M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | $-447.0K | $5.6M | ||
| Q1 24 | $-5.9M | $4.6M |
| Q4 25 | 33.2% | 19.6% | ||
| Q3 25 | 53.2% | 19.2% | ||
| Q2 25 | 30.5% | 19.1% | ||
| Q1 25 | 30.1% | 18.6% | ||
| Q4 24 | 29.2% | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | 21.9% | 18.9% | ||
| Q1 24 | 7.7% | 20.2% |
| Q4 25 | -5.3% | 5.8% | ||
| Q3 25 | 10.3% | 5.4% | ||
| Q2 25 | 3.0% | 7.1% | ||
| Q1 25 | 0.6% | 4.4% | ||
| Q4 24 | -6.9% | 7.7% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | -4.7% | 8.3% | ||
| Q1 24 | -26.4% | 7.6% |
| Q4 25 | -1.8% | 3.7% | ||
| Q3 25 | -38.8% | 5.0% | ||
| Q2 25 | 3.2% | 6.1% | ||
| Q1 25 | 2.8% | 3.7% | ||
| Q4 24 | -6.4% | 8.9% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | -0.9% | 8.0% | ||
| Q1 24 | -16.0% | 6.6% |
| Q4 25 | $-0.04 | $0.07 | ||
| Q3 25 | $-0.65 | $0.07 | ||
| Q2 25 | $0.11 | $0.12 | ||
| Q1 25 | $0.09 | $0.06 | ||
| Q4 24 | $-0.13 | $0.13 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | $-0.04 | $0.14 | ||
| Q1 24 | $-0.40 | $0.13 |
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 | — | — |
| Stockholders' EquityBook value | $249.7M | $125.0M |
| Total Assets | $268.1M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
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 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $125.0M | ||
| Q3 25 | $256.2M | $126.3M | ||
| Q2 25 | $264.5M | $127.2M | ||
| Q1 25 | $265.9M | $126.4M | ||
| Q4 24 | $267.4M | $129.0M | ||
| Q3 24 | $275.8M | $128.8M | ||
| Q2 24 | $274.6M | $129.3M | ||
| Q1 24 | $279.2M | $151.4M |
| Q4 25 | $268.1M | $147.2M | ||
| Q3 25 | $306.2M | $179.5M | ||
| Q2 25 | $314.7M | $173.2M | ||
| Q1 25 | $310.9M | $182.9M | ||
| Q4 24 | $303.2M | $171.2M | ||
| Q3 24 | $315.3M | $176.3M | ||
| Q2 24 | $318.1M | $175.7M | ||
| Q1 24 | $315.4M | $204.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $4.7M |
| Free Cash FlowOCF − Capex | $-2.4M | $4.1M |
| FCF MarginFCF / Revenue | -7.1% | 6.4% |
| Capex IntensityCapex / Revenue | 2.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $4.7M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | $7.9M | $-1.6M | ||
| Q1 25 | $3.0M | $10.8M | ||
| Q4 24 | $7.2M | $4.6M | ||
| Q3 24 | $22.2M | $5.1M | ||
| Q2 24 | $4.0M | $3.8M | ||
| Q1 24 | $-5.7M | $15.9M |
| Q4 25 | $-2.4M | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | $7.5M | $-2.0M | ||
| Q1 25 | $654.0K | $10.7M | ||
| Q4 24 | $5.1M | $3.6M | ||
| Q3 24 | $18.2M | $3.2M | ||
| Q2 24 | $2.8M | $3.0M | ||
| Q1 24 | $-7.7M | $15.0M |
| Q4 25 | -7.1% | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | 15.1% | -3.0% | ||
| Q1 25 | 1.4% | 18.1% | ||
| Q4 24 | 17.1% | 7.6% | ||
| Q3 24 | 323.0% | 6.5% | ||
| Q2 24 | 5.8% | 4.4% | ||
| Q1 24 | -20.8% | 21.7% |
| Q4 25 | 2.9% | 0.9% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 5.1% | 0.2% | ||
| Q4 24 | 7.0% | 2.1% | ||
| Q3 24 | 71.4% | 3.8% | ||
| Q2 24 | 2.5% | 1.1% | ||
| Q1 24 | 5.3% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | 4.93× | -0.39× | ||
| Q1 25 | 2.30× | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
