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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Orion Properties Inc. (ONL). Click either name above to swap in a different company.
Orion Properties Inc. is the larger business by last-quarter revenue ($35.2M vs $34.3M, roughly 1.0× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -101.7%, a 99.9% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -8.2%). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -13.6%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
CLFD vs ONL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $35.2M |
| Net Profit | $-614.0K | $-35.8M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | -101.5% |
| Net Margin | -1.8% | -101.7% |
| Revenue YoY | -3.2% | -8.2% |
| Net Profit YoY | 67.8% | -9.3% |
| EPS (diluted) | $-0.04 | $-0.63 |
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 | $37.1M | ||
| Q2 25 | $49.9M | $37.3M | ||
| Q1 25 | $47.2M | $38.0M | ||
| Q4 24 | $29.7M | $38.4M | ||
| Q3 24 | $5.6M | $39.2M | ||
| Q2 24 | $48.8M | $40.1M | ||
| Q1 24 | $36.9M | $47.2M |
| Q4 25 | $-614.0K | $-35.8M | ||
| Q3 25 | $-9.1M | $-69.0M | ||
| Q2 25 | $1.6M | $-25.1M | ||
| Q1 25 | $1.3M | $-9.4M | ||
| Q4 24 | $-1.9M | $-32.8M | ||
| Q3 24 | — | $-10.2M | ||
| Q2 24 | $-447.0K | $-33.8M | ||
| Q1 24 | $-5.9M | $-26.2M |
| 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% | -101.5% | ||
| Q3 25 | 10.3% | -185.8% | ||
| Q2 25 | 3.0% | -67.1% | ||
| Q1 25 | 0.6% | -24.4% | ||
| Q4 24 | -6.9% | -85.4% | ||
| Q3 24 | — | -25.9% | ||
| Q2 24 | -4.7% | -84.1% | ||
| Q1 24 | -26.4% | -55.4% |
| Q4 25 | -1.8% | -101.7% | ||
| Q3 25 | -38.8% | -186.0% | ||
| Q2 25 | 3.2% | -67.3% | ||
| Q1 25 | 2.8% | -24.6% | ||
| Q4 24 | -6.4% | -85.4% | ||
| Q3 24 | — | -26.1% | ||
| Q2 24 | -0.9% | -84.2% | ||
| Q1 24 | -16.0% | -55.6% |
| Q4 25 | $-0.04 | $-0.63 | ||
| Q3 25 | $-0.65 | $-1.23 | ||
| Q2 25 | $0.11 | $-0.45 | ||
| Q1 25 | $0.09 | $-0.17 | ||
| Q4 24 | $-0.13 | $-0.59 | ||
| Q3 24 | — | $-0.18 | ||
| Q2 24 | $-0.04 | $-0.60 | ||
| Q1 24 | $-0.40 | $-0.47 |
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 | $22.4M |
| Total DebtLower is stronger | — | $465.0M |
| Stockholders' EquityBook value | $249.7M | $623.2M |
| Total Assets | $268.1M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $22.4M | ||
| Q3 25 | $106.0M | $32.6M | ||
| Q2 25 | $117.2M | $17.4M | ||
| Q1 25 | $112.0M | $9.4M | ||
| Q4 24 | $113.0M | $15.6M | ||
| Q3 24 | $129.0M | $16.6M | ||
| Q2 24 | $123.8M | $24.2M | ||
| Q1 24 | $142.9M | $23.6M |
| Q4 25 | — | $465.0M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $483.0M | ||
| Q1 25 | — | $505.0M | ||
| Q4 24 | — | $492.0M | ||
| Q3 24 | $2.2M | $485.0M | ||
| Q2 24 | $2.1M | $462.0M | ||
| Q1 24 | — | $471.0M |
| Q4 25 | $249.7M | $623.2M | ||
| Q3 25 | $256.2M | $658.8M | ||
| Q2 25 | $264.5M | $728.0M | ||
| Q1 25 | $265.9M | $753.5M | ||
| Q4 24 | $267.4M | $763.9M | ||
| Q3 24 | $275.8M | $800.9M | ||
| Q2 24 | $274.6M | $816.1M | ||
| Q1 24 | $279.2M | $854.6M |
| Q4 25 | $268.1M | $1.2B | ||
| Q3 25 | $306.2M | $1.2B | ||
| Q2 25 | $314.7M | $1.3B | ||
| Q1 25 | $310.9M | $1.3B | ||
| Q4 24 | $303.2M | $1.3B | ||
| Q3 24 | $315.3M | $1.4B | ||
| Q2 24 | $318.1M | $1.3B | ||
| Q1 24 | $315.4M | $1.4B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | 0.01× | 0.61× | ||
| Q2 24 | 0.01× | 0.57× | ||
| Q1 24 | — | 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 | $23.6M |
| 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 | $23.6M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | $7.9M | $11.6M | ||
| Q1 25 | $3.0M | $-2.2M | ||
| Q4 24 | $7.2M | $54.3M | ||
| Q3 24 | $22.2M | $13.8M | ||
| Q2 24 | $4.0M | $17.0M | ||
| Q1 24 | $-5.7M | $11.0M |
| 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× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
