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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Multi Ways Holdings Ltd (MWG). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $31.1M, roughly 1.1× Multi Ways Holdings Ltd). Clearfield, Inc. runs the higher net margin — -1.8% vs -9.2%, a 7.4% gap on every dollar of revenue. Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-13.5M).

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

Multi Ways Holdings Limited is a Hong Kong-headquartered integrated logistics service provider, offering freight forwarding, warehousing management, customs brokerage, and end-to-end supply chain solutions. It mainly serves clients in manufacturing, retail and e-commerce segments, with core markets spanning Greater China, Southeast Asia and North America.

CLFD vs MWG — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.1× larger
CLFD
$34.3M
$31.1M
MWG
Higher net margin
CLFD
CLFD
7.4% more per $
CLFD
-1.8%
-9.2%
MWG
More free cash flow
CLFD
CLFD
$11.1M more FCF
CLFD
$-2.4M
$-13.5M
MWG

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
CLFD
CLFD
MWG
MWG
Revenue
$34.3M
$31.1M
Net Profit
$-614.0K
$-2.9M
Gross Margin
33.2%
31.3%
Operating Margin
-5.3%
-6.2%
Net Margin
-1.8%
-9.2%
Revenue YoY
-3.2%
Net Profit YoY
67.8%
EPS (diluted)
$-0.04
$-0.09

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
MWG
MWG
Q4 25
$34.3M
Q3 25
$23.4M
Q2 25
$49.9M
Q1 25
$47.2M
Q4 24
$29.7M
$31.1M
Q3 24
$5.6M
Q2 24
$48.8M
Q1 24
$36.9M
Net Profit
CLFD
CLFD
MWG
MWG
Q4 25
$-614.0K
Q3 25
$-9.1M
Q2 25
$1.6M
Q1 25
$1.3M
Q4 24
$-1.9M
$-2.9M
Q3 24
Q2 24
$-447.0K
Q1 24
$-5.9M
Gross Margin
CLFD
CLFD
MWG
MWG
Q4 25
33.2%
Q3 25
53.2%
Q2 25
30.5%
Q1 25
30.1%
Q4 24
29.2%
31.3%
Q3 24
Q2 24
21.9%
Q1 24
7.7%
Operating Margin
CLFD
CLFD
MWG
MWG
Q4 25
-5.3%
Q3 25
10.3%
Q2 25
3.0%
Q1 25
0.6%
Q4 24
-6.9%
-6.2%
Q3 24
Q2 24
-4.7%
Q1 24
-26.4%
Net Margin
CLFD
CLFD
MWG
MWG
Q4 25
-1.8%
Q3 25
-38.8%
Q2 25
3.2%
Q1 25
2.8%
Q4 24
-6.4%
-9.2%
Q3 24
Q2 24
-0.9%
Q1 24
-16.0%
EPS (diluted)
CLFD
CLFD
MWG
MWG
Q4 25
$-0.04
Q3 25
$-0.65
Q2 25
$0.11
Q1 25
$0.09
Q4 24
$-0.13
$-0.09
Q3 24
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
CLFD
CLFD
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$96.4M
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$20.1M
Total Assets
$268.1M
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
MWG
MWG
Q4 25
$96.4M
Q3 25
$106.0M
Q2 25
$117.2M
Q1 25
$112.0M
Q4 24
$113.0M
$3.3M
Q3 24
$129.0M
Q2 24
$123.8M
Q1 24
$142.9M
Total Debt
CLFD
CLFD
MWG
MWG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
MWG
MWG
Q4 25
$249.7M
Q3 25
$256.2M
Q2 25
$264.5M
Q1 25
$265.9M
Q4 24
$267.4M
$20.1M
Q3 24
$275.8M
Q2 24
$274.6M
Q1 24
$279.2M
Total Assets
CLFD
CLFD
MWG
MWG
Q4 25
$268.1M
Q3 25
$306.2M
Q2 25
$314.7M
Q1 25
$310.9M
Q4 24
$303.2M
$69.6M
Q3 24
$315.3M
Q2 24
$318.1M
Q1 24
$315.4M
Debt / Equity
CLFD
CLFD
MWG
MWG
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
CLFD
CLFD
MWG
MWG
Operating Cash FlowLast quarter
$-1.4M
$-12.9M
Free Cash FlowOCF − Capex
$-2.4M
$-13.5M
FCF MarginFCF / Revenue
-7.1%
-43.5%
Capex IntensityCapex / Revenue
2.9%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
MWG
MWG
Q4 25
$-1.4M
Q3 25
Q2 25
$7.9M
Q1 25
$3.0M
Q4 24
$7.2M
$-12.9M
Q3 24
$22.2M
Q2 24
$4.0M
Q1 24
$-5.7M
Free Cash Flow
CLFD
CLFD
MWG
MWG
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
Q1 25
$654.0K
Q4 24
$5.1M
$-13.5M
Q3 24
$18.2M
Q2 24
$2.8M
Q1 24
$-7.7M
FCF Margin
CLFD
CLFD
MWG
MWG
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
Q1 25
1.4%
Q4 24
17.1%
-43.5%
Q3 24
323.0%
Q2 24
5.8%
Q1 24
-20.8%
Capex Intensity
CLFD
CLFD
MWG
MWG
Q4 25
2.9%
Q3 25
2.0%
Q2 25
0.8%
Q1 25
5.1%
Q4 24
7.0%
1.9%
Q3 24
71.4%
Q2 24
2.5%
Q1 24
5.3%
Cash Conversion
CLFD
CLFD
MWG
MWG
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.

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