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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and NATIONAL RESEARCH CORP (NRC). Click either name above to swap in a different company.
NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $34.3M, roughly 1.0× Clearfield, Inc.). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -1.8%, a 6.9% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -4.6%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $-2.4M). Over the past eight quarters, NATIONAL RESEARCH CORP's revenue compounded faster (-0.2% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
National Research Corporation, doing business as NRC Health, is an American healthcare company which provides healthcare products and subscription-based solutions in United States and Canada. It was founded in 1981, and is based in Lincoln, Nebraska.
CLFD vs NRC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $35.2M |
| Net Profit | $-614.0K | $1.8M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 13.3% |
| Net Margin | -1.8% | 5.1% |
| Revenue YoY | -3.2% | -4.6% |
| Net Profit YoY | 67.8% | -72.6% |
| EPS (diluted) | $-0.04 | $49.58 |
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 | $35.2M | ||
| Q3 25 | $23.4M | $34.6M | ||
| Q2 25 | $49.9M | $34.0M | ||
| Q1 25 | $47.2M | $33.6M | ||
| Q4 24 | $29.7M | $36.9M | ||
| Q3 24 | $5.6M | $35.8M | ||
| Q2 24 | $48.8M | $35.0M | ||
| Q1 24 | $36.9M | $35.3M |
| Q4 25 | $-614.0K | $1.8M | ||
| Q3 25 | $-9.1M | $4.1M | ||
| Q2 25 | $1.6M | $-106.0K | ||
| Q1 25 | $1.3M | $5.8M | ||
| Q4 24 | $-1.9M | $6.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | $-447.0K | $6.2M | ||
| Q1 24 | $-5.9M | $6.4M |
| 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% | 13.3% | ||
| Q3 25 | 10.3% | 22.4% | ||
| Q2 25 | 3.0% | 4.7% | ||
| Q1 25 | 0.6% | 25.6% | ||
| Q4 24 | -6.9% | 26.0% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | -4.7% | 25.3% | ||
| Q1 24 | -26.4% | 24.8% |
| Q4 25 | -1.8% | 5.1% | ||
| Q3 25 | -38.8% | 11.9% | ||
| Q2 25 | 3.2% | -0.3% | ||
| Q1 25 | 2.8% | 17.2% | ||
| Q4 24 | -6.4% | 17.8% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | -0.9% | 17.6% | ||
| Q1 24 | -16.0% | 18.0% |
| Q4 25 | $-0.04 | $49.58 | ||
| Q3 25 | $-0.65 | $0.18 | ||
| Q2 25 | $0.11 | $-0.01 | ||
| Q1 25 | $0.09 | $0.25 | ||
| Q4 24 | $-0.13 | $0.27 | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | $-0.04 | $0.26 | ||
| Q1 24 | $-0.40 | $0.27 |
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 | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $14.0M |
| Total Assets | $268.1M | $134.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $4.1M | ||
| Q3 25 | $106.0M | $2.2M | ||
| Q2 25 | $117.2M | $5.3M | ||
| Q1 25 | $112.0M | $2.5M | ||
| Q4 24 | $113.0M | $4.2M | ||
| Q3 24 | $129.0M | $3.5M | ||
| Q2 24 | $123.8M | $485.0K | ||
| Q1 24 | $142.9M | $1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | $48.7M | ||
| Q2 24 | $2.1M | $33.3M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | $249.7M | $14.0M | ||
| Q3 25 | $256.2M | $14.3M | ||
| Q2 25 | $264.5M | $21.3M | ||
| Q1 25 | $265.9M | $29.7M | ||
| Q4 24 | $267.4M | $31.3M | ||
| Q3 24 | $275.8M | $34.6M | ||
| Q2 24 | $274.6M | $40.2M | ||
| Q1 24 | $279.2M | $36.9M |
| Q4 25 | $268.1M | $134.9M | ||
| Q3 25 | $306.2M | $135.7M | ||
| Q2 25 | $314.7M | $141.4M | ||
| Q1 25 | $310.9M | $135.2M | ||
| Q4 24 | $303.2M | $132.5M | ||
| Q3 24 | $315.3M | $131.8M | ||
| Q2 24 | $318.1M | $119.1M | ||
| Q1 24 | $315.4M | $120.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | 1.41× | ||
| Q2 24 | 0.01× | 0.83× | ||
| Q1 24 | — | 0.95× |
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 | $7.2M |
| Free Cash FlowOCF − Capex | $-2.4M | $6.1M |
| FCF MarginFCF / Revenue | -7.1% | 17.2% |
| Capex IntensityCapex / Revenue | 2.9% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 3.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $15.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $7.2M | ||
| Q3 25 | — | $13.8M | ||
| Q2 25 | $7.9M | $-1.1M | ||
| Q1 25 | $3.0M | $6.6M | ||
| Q4 24 | $7.2M | $6.4M | ||
| Q3 24 | $22.2M | $9.4M | ||
| Q2 24 | $4.0M | $6.8M | ||
| Q1 24 | $-5.7M | $12.0M |
| Q4 25 | $-2.4M | $6.1M | ||
| Q3 25 | — | $10.2M | ||
| Q2 25 | $7.5M | $-4.1M | ||
| Q1 25 | $654.0K | $3.7M | ||
| Q4 24 | $5.1M | $1.9M | ||
| Q3 24 | $18.2M | $7.8M | ||
| Q2 24 | $2.8M | $1.5M | ||
| Q1 24 | $-7.7M | $7.9M |
| Q4 25 | -7.1% | 17.2% | ||
| Q3 25 | — | 29.4% | ||
| Q2 25 | 15.1% | -12.2% | ||
| Q1 25 | 1.4% | 10.9% | ||
| Q4 24 | 17.1% | 5.2% | ||
| Q3 24 | 323.0% | 21.8% | ||
| Q2 24 | 5.8% | 4.3% | ||
| Q1 24 | -20.8% | 22.4% |
| Q4 25 | 2.9% | 3.2% | ||
| Q3 25 | 2.0% | 10.4% | ||
| Q2 25 | 0.8% | 8.8% | ||
| Q1 25 | 5.1% | 8.9% | ||
| Q4 24 | 7.0% | 12.0% | ||
| Q3 24 | 71.4% | 4.5% | ||
| Q2 24 | 2.5% | 15.0% | ||
| Q1 24 | 5.3% | 11.7% |
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | 1.15× | ||
| Q4 24 | — | 0.97× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 1.10× | ||
| Q1 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
