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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $34.3M, roughly 1.0× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -18.8%, a 17.0% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -5.6%). ON24 INC. produced more free cash flow last quarter ($-2.2M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -4.2%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
CLFD vs ONTF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $34.6M |
| Net Profit | $-614.0K | $-6.5M |
| Gross Margin | 33.2% | 74.9% |
| Operating Margin | -5.3% | -23.5% |
| Net Margin | -1.8% | -18.8% |
| Revenue YoY | -3.2% | -5.6% |
| Net Profit YoY | 67.8% | 26.8% |
| EPS (diluted) | $-0.04 | $-0.15 |
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 | $34.6M | ||
| Q3 25 | $23.4M | $34.6M | ||
| Q2 25 | $49.9M | $35.3M | ||
| Q1 25 | $47.2M | $34.7M | ||
| Q4 24 | $29.7M | $36.7M | ||
| Q3 24 | $5.6M | $36.3M | ||
| Q2 24 | $48.8M | $37.3M | ||
| Q1 24 | $36.9M | $37.7M |
| Q4 25 | $-614.0K | $-6.5M | ||
| Q3 25 | $-9.1M | $-6.4M | ||
| Q2 25 | $1.6M | $-7.3M | ||
| Q1 25 | $1.3M | $-8.7M | ||
| Q4 24 | $-1.9M | $-8.9M | ||
| Q3 24 | — | $-11.4M | ||
| Q2 24 | $-447.0K | $-11.2M | ||
| Q1 24 | $-5.9M | $-10.7M |
| Q4 25 | 33.2% | 74.9% | ||
| Q3 25 | 53.2% | 74.7% | ||
| Q2 25 | 30.5% | 75.1% | ||
| Q1 25 | 30.1% | 73.8% | ||
| Q4 24 | 29.2% | 74.5% | ||
| Q3 24 | — | 74.3% | ||
| Q2 24 | 21.9% | 74.5% | ||
| Q1 24 | 7.7% | 74.1% |
| Q4 25 | -5.3% | -23.5% | ||
| Q3 25 | 10.3% | -23.1% | ||
| Q2 25 | 3.0% | -26.0% | ||
| Q1 25 | 0.6% | -30.1% | ||
| Q4 24 | -6.9% | -32.1% | ||
| Q3 24 | — | -36.7% | ||
| Q2 24 | -4.7% | -35.0% | ||
| Q1 24 | -26.4% | -33.1% |
| Q4 25 | -1.8% | -18.8% | ||
| Q3 25 | -38.8% | -18.4% | ||
| Q2 25 | 3.2% | -20.6% | ||
| Q1 25 | 2.8% | -25.1% | ||
| Q4 24 | -6.4% | -24.2% | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | -0.9% | -29.9% | ||
| Q1 24 | -16.0% | -28.4% |
| Q4 25 | $-0.04 | $-0.15 | ||
| Q3 25 | $-0.65 | $-0.15 | ||
| Q2 25 | $0.11 | $-0.17 | ||
| Q1 25 | $0.09 | $-0.21 | ||
| Q4 24 | $-0.13 | $-0.21 | ||
| Q3 24 | — | $-0.27 | ||
| Q2 24 | $-0.04 | $-0.27 | ||
| Q1 24 | $-0.40 | $-0.26 |
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 | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $139.4M |
| Total Assets | $268.1M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $37.0M | ||
| Q3 25 | $106.0M | $47.2M | ||
| Q2 25 | $117.2M | $37.7M | ||
| Q1 25 | $112.0M | $26.8M | ||
| Q4 24 | $113.0M | $14.9M | ||
| Q3 24 | $129.0M | $11.0M | ||
| Q2 24 | $123.8M | $15.5M | ||
| Q1 24 | $142.9M | $18.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $139.4M | ||
| Q3 25 | $256.2M | $144.3M | ||
| Q2 25 | $264.5M | $150.0M | ||
| Q1 25 | $265.9M | $153.7M | ||
| Q4 24 | $267.4M | $159.4M | ||
| Q3 24 | $275.8M | $164.9M | ||
| Q2 24 | $274.6M | $170.8M | ||
| Q1 24 | $279.2M | $174.4M |
| Q4 25 | $268.1M | $228.4M | ||
| Q3 25 | $306.2M | $224.8M | ||
| Q2 25 | $314.7M | $235.1M | ||
| Q1 25 | $310.9M | $245.8M | ||
| Q4 24 | $303.2M | $251.0M | ||
| Q3 24 | $315.3M | $250.9M | ||
| Q2 24 | $318.1M | $259.0M | ||
| Q1 24 | $315.4M | $269.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $-1.1M |
| Free Cash FlowOCF − Capex | $-2.4M | $-2.2M |
| FCF MarginFCF / Revenue | -7.1% | -6.4% |
| Capex IntensityCapex / Revenue | 2.9% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $-1.1M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | $7.9M | $2.6M | ||
| Q1 25 | $3.0M | $3.4M | ||
| Q4 24 | $7.2M | $985.0K | ||
| Q3 24 | $22.2M | $295.0K | ||
| Q2 24 | $4.0M | $1.4M | ||
| Q1 24 | $-5.7M | $2.1M |
| Q4 25 | $-2.4M | $-2.2M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | $7.5M | $2.1M | ||
| Q1 25 | $654.0K | $1.9M | ||
| Q4 24 | $5.1M | $424.0K | ||
| Q3 24 | $18.2M | $143.0K | ||
| Q2 24 | $2.8M | $898.0K | ||
| Q1 24 | $-7.7M | $1.1M |
| Q4 25 | -7.1% | -6.4% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | 15.1% | 5.9% | ||
| Q1 25 | 1.4% | 5.6% | ||
| Q4 24 | 17.1% | 1.2% | ||
| Q3 24 | 323.0% | 0.4% | ||
| Q2 24 | 5.8% | 2.4% | ||
| Q1 24 | -20.8% | 2.9% |
| Q4 25 | 2.9% | 3.3% | ||
| Q3 25 | 2.0% | 1.1% | ||
| Q2 25 | 0.8% | 1.4% | ||
| Q1 25 | 5.1% | 4.2% | ||
| Q4 24 | 7.0% | 1.5% | ||
| Q3 24 | 71.4% | 0.4% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 5.3% | 2.8% |
| 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.
