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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
MARAVAI LIFESCIENCES HOLDINGS, INC. is the larger business by last-quarter revenue ($49.9M vs $34.3M, roughly 1.5× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -71.6%, a 69.8% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -11.8%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-24.9M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -11.9%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
CLFD vs MRVI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $49.9M |
| Net Profit | $-614.0K | $-35.7M |
| Gross Margin | 33.2% | 25.8% |
| Operating Margin | -5.3% | -117.9% |
| Net Margin | -1.8% | -71.6% |
| Revenue YoY | -3.2% | -11.8% |
| Net Profit YoY | 67.8% | -37.7% |
| 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 | $49.9M | ||
| Q3 25 | $23.4M | $41.6M | ||
| Q2 25 | $49.9M | $47.4M | ||
| Q1 25 | $47.2M | $46.9M | ||
| Q4 24 | $29.7M | $56.6M | ||
| Q3 24 | $5.6M | $69.0M | ||
| Q2 24 | $48.8M | $69.4M | ||
| Q1 24 | $36.9M | $64.2M |
| Q4 25 | $-614.0K | $-35.7M | ||
| Q3 25 | $-9.1M | $-25.6M | ||
| Q2 25 | $1.6M | $-39.6M | ||
| Q1 25 | $1.3M | $-29.9M | ||
| Q4 24 | $-1.9M | $-25.9M | ||
| Q3 24 | — | $-97.1M | ||
| Q2 24 | $-447.0K | $-9.8M | ||
| Q1 24 | $-5.9M | $-12.1M |
| Q4 25 | 33.2% | 25.8% | ||
| Q3 25 | 53.2% | 13.6% | ||
| Q2 25 | 30.5% | 16.4% | ||
| Q1 25 | 30.1% | 16.5% | ||
| Q4 24 | 29.2% | 34.3% | ||
| Q3 24 | — | 46.7% | ||
| Q2 24 | 21.9% | 44.4% | ||
| Q1 24 | 7.7% | 40.3% |
| Q4 25 | -5.3% | -117.9% | ||
| Q3 25 | 10.3% | -98.6% | ||
| Q2 25 | 3.0% | -139.8% | ||
| Q1 25 | 0.6% | -104.9% | ||
| Q4 24 | -6.9% | -66.7% | ||
| Q3 24 | — | -239.9% | ||
| Q2 24 | -4.7% | -19.4% | ||
| Q1 24 | -26.4% | -29.4% |
| Q4 25 | -1.8% | -71.6% | ||
| Q3 25 | -38.8% | -61.4% | ||
| Q2 25 | 3.2% | -83.5% | ||
| Q1 25 | 2.8% | -63.9% | ||
| Q4 24 | -6.4% | -45.8% | ||
| Q3 24 | — | -140.6% | ||
| Q2 24 | -0.9% | -14.1% | ||
| Q1 24 | -16.0% | -18.8% |
| Q4 25 | $-0.04 | $-0.24 | ||
| Q3 25 | $-0.65 | $-0.18 | ||
| Q2 25 | $0.11 | $-0.27 | ||
| Q1 25 | $0.09 | $-0.21 | ||
| Q4 24 | $-0.13 | $-0.21 | ||
| Q3 24 | — | $-0.68 | ||
| Q2 24 | $-0.04 | $-0.07 | ||
| Q1 24 | $-0.40 | $-0.09 |
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 | $216.9M |
| Total DebtLower is stronger | — | $291.8M |
| Stockholders' EquityBook value | $249.7M | $212.4M |
| Total Assets | $268.1M | $770.6M |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $216.9M | ||
| Q3 25 | $106.0M | $243.6M | ||
| Q2 25 | $117.2M | $269.9M | ||
| Q1 25 | $112.0M | $285.1M | ||
| Q4 24 | $113.0M | $322.4M | ||
| Q3 24 | $129.0M | $578.2M | ||
| Q2 24 | $123.8M | $573.2M | ||
| Q1 24 | $142.9M | $561.7M |
| Q4 25 | — | $291.8M | ||
| Q3 25 | — | $292.8M | ||
| Q2 25 | — | $293.9M | ||
| Q1 25 | — | $294.9M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | $2.2M | $521.7M | ||
| Q2 24 | $2.1M | $522.5M | ||
| Q1 24 | — | $523.3M |
| Q4 25 | $249.7M | $212.4M | ||
| Q3 25 | $256.2M | $245.4M | ||
| Q2 25 | $264.5M | $265.9M | ||
| Q1 25 | $265.9M | $300.6M | ||
| Q4 24 | $267.4M | $325.3M | ||
| Q3 24 | $275.8M | $344.9M | ||
| Q2 24 | $274.6M | $434.7M | ||
| Q1 24 | $279.2M | $410.7M |
| Q4 25 | $268.1M | $770.6M | ||
| Q3 25 | $306.2M | $849.2M | ||
| Q2 25 | $314.7M | $897.0M | ||
| Q1 25 | $310.9M | $959.8M | ||
| Q4 24 | $303.2M | $1.0B | ||
| Q3 24 | $315.3M | $1.3B | ||
| Q2 24 | $318.1M | $1.4B | ||
| Q1 24 | $315.4M | $1.4B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | 0.01× | 1.51× | ||
| Q2 24 | 0.01× | 1.20× | ||
| Q1 24 | — | 1.27× |
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 | $-22.8M |
| Free Cash FlowOCF − Capex | $-2.4M | $-24.9M |
| FCF MarginFCF / Revenue | -7.1% | -49.9% |
| Capex IntensityCapex / Revenue | 2.9% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $-22.8M | ||
| Q3 25 | — | $-15.2M | ||
| Q2 25 | $7.9M | $-10.3M | ||
| Q1 25 | $3.0M | $-9.4M | ||
| Q4 24 | $7.2M | $-14.6M | ||
| Q3 24 | $22.2M | $13.1M | ||
| Q2 24 | $4.0M | $17.4M | ||
| Q1 24 | $-5.7M | $-8.5M |
| Q4 25 | $-2.4M | $-24.9M | ||
| Q3 25 | — | $-18.1M | ||
| Q2 25 | $7.5M | $-13.1M | ||
| Q1 25 | $654.0K | $-14.6M | ||
| Q4 24 | $5.1M | $-20.5M | ||
| Q3 24 | $18.2M | $4.5M | ||
| Q2 24 | $2.8M | $7.9M | ||
| Q1 24 | $-7.7M | $-14.1M |
| Q4 25 | -7.1% | -49.9% | ||
| Q3 25 | — | -43.4% | ||
| Q2 25 | 15.1% | -27.7% | ||
| Q1 25 | 1.4% | -31.2% | ||
| Q4 24 | 17.1% | -36.2% | ||
| Q3 24 | 323.0% | 6.6% | ||
| Q2 24 | 5.8% | 11.4% | ||
| Q1 24 | -20.8% | -22.0% |
| Q4 25 | 2.9% | 4.2% | ||
| Q3 25 | 2.0% | 7.0% | ||
| Q2 25 | 0.8% | 6.1% | ||
| Q1 25 | 5.1% | 11.2% | ||
| Q4 24 | 7.0% | 10.3% | ||
| Q3 24 | 71.4% | 12.4% | ||
| Q2 24 | 2.5% | 13.8% | ||
| Q1 24 | 5.3% | 8.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
