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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $29.2M, roughly 1.2× MANNATECH INC). MANNATECH INC runs the higher net margin — 6.6% vs -1.8%, a 8.4% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -8.1%). MANNATECH INC produced more free cash flow last quarter ($-2.0M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -5.4%).

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

Mannatech Inc. is a publicly traded, multinational multi-level marketing firm that sells dietary supplements and personal care products. It was founded in November 1993 by Samuel Caster, and is headquartered in Flower Mound, Texas. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. As of 2017, Mannatech employed 252 people and sold its products through some 220,000 independent sales associates.

CLFD vs MTEX — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.2× larger
CLFD
$34.3M
$29.2M
MTEX
Growing faster (revenue YoY)
CLFD
CLFD
+4.9% gap
CLFD
-3.2%
-8.1%
MTEX
Higher net margin
MTEX
MTEX
8.4% more per $
MTEX
6.6%
-1.8%
CLFD
More free cash flow
MTEX
MTEX
$432.0K more FCF
MTEX
$-2.0M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
CLFD
CLFD
Annualised
CLFD
-3.5%
-5.4%
MTEX

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CLFD
CLFD
MTEX
MTEX
Revenue
$34.3M
$29.2M
Net Profit
$-614.0K
$1.9M
Gross Margin
33.2%
76.4%
Operating Margin
-5.3%
6.9%
Net Margin
-1.8%
6.6%
Revenue YoY
-3.2%
-8.1%
Net Profit YoY
67.8%
686.6%
EPS (diluted)
$-0.04
$1.01

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
MTEX
MTEX
Q4 25
$34.3M
Q3 25
$23.4M
$29.2M
Q2 25
$49.9M
Q1 25
$47.2M
$26.6M
Q4 24
$29.7M
$29.0M
Q3 24
$5.6M
$31.7M
Q2 24
$48.8M
$27.7M
Q1 24
$36.9M
$29.4M
Net Profit
CLFD
CLFD
MTEX
MTEX
Q4 25
$-614.0K
Q3 25
$-9.1M
$1.9M
Q2 25
$1.6M
Q1 25
$1.3M
$-1.5M
Q4 24
$-1.9M
$2.3M
Q3 24
$-328.0K
Q2 24
$-447.0K
$-624.0K
Q1 24
$-5.9M
$1.2M
Gross Margin
CLFD
CLFD
MTEX
MTEX
Q4 25
33.2%
Q3 25
53.2%
76.4%
Q2 25
30.5%
Q1 25
30.1%
74.3%
Q4 24
29.2%
80.6%
Q3 24
74.5%
Q2 24
21.9%
77.1%
Q1 24
7.7%
78.6%
Operating Margin
CLFD
CLFD
MTEX
MTEX
Q4 25
-5.3%
Q3 25
10.3%
6.9%
Q2 25
3.0%
Q1 25
0.6%
-3.1%
Q4 24
-6.9%
3.0%
Q3 24
2.8%
Q2 24
-4.7%
-4.1%
Q1 24
-26.4%
2.8%
Net Margin
CLFD
CLFD
MTEX
MTEX
Q4 25
-1.8%
Q3 25
-38.8%
6.6%
Q2 25
3.2%
Q1 25
2.8%
-5.8%
Q4 24
-6.4%
7.8%
Q3 24
-1.0%
Q2 24
-0.9%
-2.2%
Q1 24
-16.0%
4.0%
EPS (diluted)
CLFD
CLFD
MTEX
MTEX
Q4 25
$-0.04
Q3 25
$-0.65
$1.01
Q2 25
$0.11
Q1 25
$0.09
$-0.80
Q4 24
$-0.13
$1.19
Q3 24
$-0.17
Q2 24
$-0.04
$-0.33
Q1 24
$-0.40
$0.63

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
MTEX
MTEX
Cash + ST InvestmentsLiquidity on hand
$96.4M
$7.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$249.7M
$7.0M
Total Assets
$268.1M
$33.9M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
MTEX
MTEX
Q4 25
$96.4M
Q3 25
$106.0M
$7.1M
Q2 25
$117.2M
Q1 25
$112.0M
$9.3M
Q4 24
$113.0M
$11.4M
Q3 24
$129.0M
$12.2M
Q2 24
$123.8M
$9.2M
Q1 24
$142.9M
$7.9M
Total Debt
CLFD
CLFD
MTEX
MTEX
Q4 25
Q3 25
$2.9M
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
MTEX
MTEX
Q4 25
$249.7M
Q3 25
$256.2M
$7.0M
Q2 25
$264.5M
Q1 25
$265.9M
$7.6M
Q4 24
$267.4M
$8.6M
Q3 24
$275.8M
$10.0M
Q2 24
$274.6M
$8.2M
Q1 24
$279.2M
$10.4M
Total Assets
CLFD
CLFD
MTEX
MTEX
Q4 25
$268.1M
Q3 25
$306.2M
$33.9M
Q2 25
$314.7M
Q1 25
$310.9M
$36.7M
Q4 24
$303.2M
$36.1M
Q3 24
$315.3M
$40.6M
Q2 24
$318.1M
$39.9M
Q1 24
$315.4M
$41.1M
Debt / Equity
CLFD
CLFD
MTEX
MTEX
Q4 25
Q3 25
0.42×
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
CLFD
CLFD
MTEX
MTEX
Operating Cash FlowLast quarter
$-1.4M
$-1.3M
Free Cash FlowOCF − Capex
$-2.4M
$-2.0M
FCF MarginFCF / Revenue
-7.1%
-6.8%
Capex IntensityCapex / Revenue
2.9%
2.4%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
MTEX
MTEX
Q4 25
$-1.4M
Q3 25
$-1.3M
Q2 25
$7.9M
Q1 25
$3.0M
$-1.4M
Q4 24
$7.2M
$-219.0K
Q3 24
$22.2M
$3.3M
Q2 24
$4.0M
$-2.7M
Q1 24
$-5.7M
$1.9M
Free Cash Flow
CLFD
CLFD
MTEX
MTEX
Q4 25
$-2.4M
Q3 25
$-2.0M
Q2 25
$7.5M
Q1 25
$654.0K
$-1.9M
Q4 24
$5.1M
$-325.0K
Q3 24
$18.2M
$3.0M
Q2 24
$2.8M
$-2.7M
Q1 24
$-7.7M
$1.8M
FCF Margin
CLFD
CLFD
MTEX
MTEX
Q4 25
-7.1%
Q3 25
-6.8%
Q2 25
15.1%
Q1 25
1.4%
-7.0%
Q4 24
17.1%
-1.1%
Q3 24
323.0%
9.5%
Q2 24
5.8%
-9.9%
Q1 24
-20.8%
6.2%
Capex Intensity
CLFD
CLFD
MTEX
MTEX
Q4 25
2.9%
Q3 25
2.0%
2.4%
Q2 25
0.8%
Q1 25
5.1%
1.8%
Q4 24
7.0%
0.4%
Q3 24
71.4%
0.8%
Q2 24
2.5%
0.3%
Q1 24
5.3%
0.2%
Cash Conversion
CLFD
CLFD
MTEX
MTEX
Q4 25
Q3 25
-0.68×
Q2 25
4.93×
Q1 25
2.30×
Q4 24
-0.10×
Q3 24
Q2 24
Q1 24
1.59×

Financial Flow Comparison

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

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