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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $23.6M, roughly 1.5× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). Clearfield, Inc. runs the higher net margin — -1.8% vs -677.3%, a 675.5% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs -3.2%). Over the past eight quarters, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue compounded faster (8.9% CAGR vs -3.5%).

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

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

CLFD vs NEN — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.5× larger
CLFD
$34.3M
$23.6M
NEN
Growing faster (revenue YoY)
NEN
NEN
+18.9% gap
NEN
15.7%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
675.5% more per $
CLFD
-1.8%
-677.3%
NEN
Faster 2-yr revenue CAGR
NEN
NEN
Annualised
NEN
8.9%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
NEN
NEN
Revenue
$34.3M
$23.6M
Net Profit
$-614.0K
$-1.4M
Gross Margin
33.2%
Operating Margin
-5.3%
14.0%
Net Margin
-1.8%
-677.3%
Revenue YoY
-3.2%
15.7%
Net Profit YoY
67.8%
-133.0%
EPS (diluted)
$-0.04

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
NEN
NEN
Q4 25
$34.3M
$23.6M
Q3 25
$23.4M
$23.7M
Q2 25
$49.9M
$21.2M
Q1 25
$47.2M
$20.7M
Q4 24
$29.7M
$20.4M
Q3 24
$5.6M
$20.2M
Q2 24
$48.8M
$20.1M
Q1 24
$36.9M
$19.9M
Net Profit
CLFD
CLFD
NEN
NEN
Q4 25
$-614.0K
$-1.4M
Q3 25
$-9.1M
$-521.8K
Q2 25
$1.6M
$4.1M
Q1 25
$1.3M
$3.8M
Q4 24
$-1.9M
$4.2M
Q3 24
$3.9M
Q2 24
$-447.0K
$4.1M
Q1 24
$-5.9M
$3.5M
Gross Margin
CLFD
CLFD
NEN
NEN
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%
Operating Margin
CLFD
CLFD
NEN
NEN
Q4 25
-5.3%
14.0%
Q3 25
10.3%
20.0%
Q2 25
3.0%
33.3%
Q1 25
0.6%
30.1%
Q4 24
-6.9%
32.4%
Q3 24
32.0%
Q2 24
-4.7%
32.6%
Q1 24
-26.4%
28.9%
Net Margin
CLFD
CLFD
NEN
NEN
Q4 25
-1.8%
-677.3%
Q3 25
-38.8%
-2.2%
Q2 25
3.2%
19.5%
Q1 25
2.8%
18.3%
Q4 24
-6.4%
20.7%
Q3 24
19.3%
Q2 24
-0.9%
20.3%
Q1 24
-16.0%
17.4%
EPS (diluted)
CLFD
CLFD
NEN
NEN
Q4 25
$-0.04
Q3 25
$-0.65
Q2 25
$0.11
Q1 25
$0.09
Q4 24
$-0.13
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
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$96.4M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$249.7M
Total Assets
$268.1M
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
NEN
NEN
Q4 25
$96.4M
$26.7M
Q3 25
$106.0M
$13.4M
Q2 25
$117.2M
$16.7M
Q1 25
$112.0M
$30.9M
Q4 24
$113.0M
$17.6M
Q3 24
$129.0M
$15.1M
Q2 24
$123.8M
$13.5M
Q1 24
$142.9M
$28.8M
Total Debt
CLFD
CLFD
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$2.2M
$409.3M
Q2 24
$2.1M
$410.0M
Q1 24
$410.7M
Stockholders' Equity
CLFD
CLFD
NEN
NEN
Q4 25
$249.7M
Q3 25
$256.2M
Q2 25
$264.5M
Q1 25
$265.9M
Q4 24
$267.4M
Q3 24
$275.8M
Q2 24
$274.6M
Q1 24
$279.2M
Total Assets
CLFD
CLFD
NEN
NEN
Q4 25
$268.1M
$505.3M
Q3 25
$306.2M
$492.9M
Q2 25
$314.7M
$494.8M
Q1 25
$310.9M
$385.2M
Q4 24
$303.2M
$393.5M
Q3 24
$315.3M
$387.4M
Q2 24
$318.1M
$383.7M
Q1 24
$315.4M
$381.2M
Debt / Equity
CLFD
CLFD
NEN
NEN
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
NEN
NEN
Operating Cash FlowLast quarter
$-1.4M
$27.7M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
NEN
NEN
Q4 25
$-1.4M
$27.7M
Q3 25
$2.3M
Q2 25
$7.9M
$12.5M
Q1 25
$3.0M
$5.5M
Q4 24
$7.2M
$31.9M
Q3 24
$22.2M
$8.5M
Q2 24
$4.0M
$5.4M
Q1 24
$-5.7M
$6.1M
Free Cash Flow
CLFD
CLFD
NEN
NEN
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
Q1 25
$654.0K
Q4 24
$5.1M
Q3 24
$18.2M
Q2 24
$2.8M
Q1 24
$-7.7M
FCF Margin
CLFD
CLFD
NEN
NEN
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
Q1 25
1.4%
Q4 24
17.1%
Q3 24
323.0%
Q2 24
5.8%
Q1 24
-20.8%
Capex Intensity
CLFD
CLFD
NEN
NEN
Q4 25
2.9%
Q3 25
2.0%
Q2 25
0.8%
Q1 25
5.1%
Q4 24
7.0%
Q3 24
71.4%
Q2 24
2.5%
Q1 24
5.3%
Cash Conversion
CLFD
CLFD
NEN
NEN
Q4 25
Q3 25
Q2 25
4.93×
3.02×
Q1 25
2.30×
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

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

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