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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $34.3M, roughly 1.7× Clearfield, Inc.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -1.8%, a 11.8% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -3.2%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
CLFD vs NTST — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $57.1M |
| Net Profit | $-614.0K | $5.7M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 34.1% |
| Net Margin | -1.8% | 10.0% |
| Revenue YoY | -3.2% | 24.3% |
| Net Profit YoY | 67.8% | 235.9% |
| EPS (diluted) | $-0.04 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $34.3M | $52.5M | ||
| Q3 25 | $23.4M | $48.3M | ||
| Q2 25 | $49.9M | $48.3M | ||
| Q1 25 | $47.2M | $45.9M | ||
| Q4 24 | $29.7M | $44.1M | ||
| Q3 24 | $5.6M | $41.4M | ||
| Q2 24 | $48.8M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $-614.0K | $1.3M | ||
| Q3 25 | $-9.1M | $618.0K | ||
| Q2 25 | $1.6M | $3.3M | ||
| Q1 25 | $1.3M | $1.7M | ||
| Q4 24 | $-1.9M | $-5.4M | ||
| Q3 24 | — | $-5.3M | ||
| Q2 24 | $-447.0K | $-2.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 34.1% | ||
| Q4 25 | -5.3% | 2.6% | ||
| Q3 25 | 10.3% | 1.3% | ||
| Q2 25 | 3.0% | 6.8% | ||
| Q1 25 | 0.6% | 3.7% | ||
| Q4 24 | -6.9% | -12.3% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | -4.7% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -1.8% | 2.5% | ||
| Q3 25 | -38.8% | 1.3% | ||
| Q2 25 | 3.2% | 6.8% | ||
| Q1 25 | 2.8% | 3.7% | ||
| Q4 24 | -6.4% | -12.3% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | -0.9% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.04 | $0.01 | ||
| Q3 25 | $-0.65 | $0.01 | ||
| Q2 25 | $0.11 | $0.04 | ||
| Q1 25 | $0.09 | $0.02 | ||
| Q4 24 | $-0.13 | $-0.07 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | $-0.04 | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $1.5B |
| Total Assets | $268.1M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.4M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $117.2M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | $113.0M | — | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | $2.2M | $778.7M | ||
| Q2 24 | $2.1M | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $249.7M | $1.4B | ||
| Q3 25 | $256.2M | $1.3B | ||
| Q2 25 | $264.5M | $1.3B | ||
| Q1 25 | $265.9M | $1.3B | ||
| Q4 24 | $267.4M | $1.3B | ||
| Q3 24 | $275.8M | $1.3B | ||
| Q2 24 | $274.6M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $268.1M | $2.6B | ||
| Q3 25 | $306.2M | $2.5B | ||
| Q2 25 | $314.7M | $2.3B | ||
| Q1 25 | $310.9M | $2.3B | ||
| Q4 24 | $303.2M | $2.3B | ||
| Q3 24 | $315.3M | $2.2B | ||
| Q2 24 | $318.1M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 0.01× | 0.58× | ||
| Q2 24 | 0.01× | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-1.4M | $109.5M | ||
| Q3 25 | — | $28.0M | ||
| Q2 25 | $7.9M | $30.6M | ||
| Q1 25 | $3.0M | $22.1M | ||
| Q4 24 | $7.2M | $90.2M | ||
| Q3 24 | $22.2M | $25.1M | ||
| Q2 24 | $4.0M | $25.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | 4.93× | 9.36× | ||
| Q1 25 | 2.30× | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
