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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Net Lease Office Properties (NLOP). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $30.7M, roughly 1.1× Net Lease Office Properties). Net Lease Office Properties runs the higher net margin — -0.2% vs -1.8%, a 1.6% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -3.2%). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -16.4%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.
CLFD vs NLOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $30.7M |
| Net Profit | $-614.0K | $-53.0K |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | -0.2% |
| Net Margin | -1.8% | -0.2% |
| Revenue YoY | -3.2% | 10.9% |
| Net Profit YoY | 67.8% | 99.9% |
| EPS (diluted) | $-0.04 | $-0.01 |
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.
| Q4 25 | $34.3M | $30.7M | ||
| Q3 25 | $23.4M | $29.8M | ||
| Q2 25 | $49.9M | $29.2M | ||
| Q1 25 | $47.2M | $29.2M | ||
| Q4 24 | $29.7M | $27.7M | ||
| Q3 24 | $5.6M | $31.5M | ||
| Q2 24 | $48.8M | $39.0M | ||
| Q1 24 | $36.9M | $44.0M |
| Q4 25 | $-614.0K | $-53.0K | ||
| Q3 25 | $-9.1M | $-64.2M | ||
| Q2 25 | $1.6M | $-81.5M | ||
| Q1 25 | $1.3M | $492.0K | ||
| Q4 24 | $-1.9M | $-35.8M | ||
| Q3 24 | — | $-40.3M | ||
| Q2 24 | $-447.0K | $12.5M | ||
| Q1 24 | $-5.9M | $-27.8M |
| 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% | — |
| Q4 25 | -5.3% | -0.2% | ||
| Q3 25 | 10.3% | -215.2% | ||
| Q2 25 | 3.0% | -279.1% | ||
| Q1 25 | 0.6% | 2.0% | ||
| Q4 24 | -6.9% | -140.7% | ||
| Q3 24 | — | -126.4% | ||
| Q2 24 | -4.7% | 32.3% | ||
| Q1 24 | -26.4% | -62.7% |
| Q4 25 | -1.8% | -0.2% | ||
| Q3 25 | -38.8% | -215.4% | ||
| Q2 25 | 3.2% | -279.5% | ||
| Q1 25 | 2.8% | 1.7% | ||
| Q4 24 | -6.4% | -129.0% | ||
| Q3 24 | — | -128.0% | ||
| Q2 24 | -0.9% | 31.9% | ||
| Q1 24 | -16.0% | -63.3% |
| Q4 25 | $-0.04 | $-0.01 | ||
| Q3 25 | $-0.65 | $-4.33 | ||
| Q2 25 | $0.11 | $-5.50 | ||
| Q1 25 | $0.09 | $0.03 | ||
| Q4 24 | $-0.13 | $-2.41 | ||
| Q3 24 | — | $-2.73 | ||
| Q2 24 | $-0.04 | $0.84 | ||
| Q1 24 | $-0.40 | $-1.88 |
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 | $119.6M |
| Total DebtLower is stronger | — | $21.9M |
| Stockholders' EquityBook value | $249.7M | $293.9M |
| Total Assets | $268.1M | $453.4M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $119.6M | ||
| Q3 25 | $106.0M | $38.7M | ||
| Q2 25 | $117.2M | $54.1M | ||
| Q1 25 | $112.0M | $28.2M | ||
| Q4 24 | $113.0M | $25.1M | ||
| Q3 24 | $129.0M | $36.1M | ||
| Q2 24 | $123.8M | $36.1M | ||
| Q1 24 | $142.9M | $39.8M |
| Q4 25 | — | $21.9M | ||
| Q3 25 | — | $47.1M | ||
| Q2 25 | — | $117.2M | ||
| Q1 25 | — | $148.5M | ||
| Q4 24 | — | $169.2M | ||
| Q3 24 | $2.2M | $239.4M | ||
| Q2 24 | $2.1M | $327.4M | ||
| Q1 24 | — | $515.2M |
| Q4 25 | $249.7M | $293.9M | ||
| Q3 25 | $256.2M | $430.3M | ||
| Q2 25 | $264.5M | $500.0M | ||
| Q1 25 | $265.9M | $582.1M | ||
| Q4 24 | $267.4M | $581.2M | ||
| Q3 24 | $275.8M | $621.9M | ||
| Q2 24 | $274.6M | $660.3M | ||
| Q1 24 | $279.2M | $647.2M |
| Q4 25 | $268.1M | $453.4M | ||
| Q3 25 | $306.2M | $522.6M | ||
| Q2 25 | $314.7M | $668.7M | ||
| Q1 25 | $310.9M | $784.1M | ||
| Q4 24 | $303.2M | $805.1M | ||
| Q3 24 | $315.3M | $919.9M | ||
| Q2 24 | $318.1M | $1.0B | ||
| Q1 24 | $315.4M | $1.2B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 0.01× | 0.38× | ||
| Q2 24 | 0.01× | 0.50× | ||
| Q1 24 | — | 0.80× |
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 | $64.1M |
| 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.
| Q4 25 | $-1.4M | $64.1M | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | $7.9M | $11.7M | ||
| Q1 25 | $3.0M | $14.1M | ||
| Q4 24 | $7.2M | $71.9M | ||
| Q3 24 | $22.2M | $20.3M | ||
| Q2 24 | $4.0M | $14.7M | ||
| Q1 24 | $-5.7M | $26.4M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | 28.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
