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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $34.3M, roughly 1.9× Clearfield, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -1.8%, a 19.3% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -3.2%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
CLFD vs OSPN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $65.9M |
| Net Profit | $-614.0K | $11.6M |
| Gross Margin | 33.2% | 73.6% |
| Operating Margin | -5.3% | 22.5% |
| Net Margin | -1.8% | 17.5% |
| Revenue YoY | -3.2% | 4.1% |
| Net Profit YoY | 67.8% | — |
| EPS (diluted) | $-0.04 | $0.39 |
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 | — | $65.9M | ||
| Q4 25 | $34.3M | $62.9M | ||
| Q3 25 | $23.4M | $57.1M | ||
| Q2 25 | $49.9M | $59.8M | ||
| Q1 25 | $47.2M | $63.4M | ||
| Q4 24 | $29.7M | $61.2M | ||
| Q3 24 | $5.6M | $56.2M | ||
| Q2 24 | $48.8M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-614.0K | $43.5M | ||
| Q3 25 | $-9.1M | $6.5M | ||
| Q2 25 | $1.6M | $8.3M | ||
| Q1 25 | $1.3M | $14.5M | ||
| Q4 24 | $-1.9M | $28.8M | ||
| Q3 24 | — | $8.3M | ||
| Q2 24 | $-447.0K | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | 33.2% | 73.6% | ||
| Q3 25 | 53.2% | 73.6% | ||
| Q2 25 | 30.5% | 73.5% | ||
| Q1 25 | 30.1% | 74.3% | ||
| Q4 24 | 29.2% | 74.0% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | 21.9% | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | -5.3% | 19.9% | ||
| Q3 25 | 10.3% | 14.4% | ||
| Q2 25 | 3.0% | 17.6% | ||
| Q1 25 | 0.6% | 27.1% | ||
| Q4 24 | -6.9% | 19.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | -4.7% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -1.8% | 69.2% | ||
| Q3 25 | -38.8% | 11.4% | ||
| Q2 25 | 3.2% | 13.9% | ||
| Q1 25 | 2.8% | 22.9% | ||
| Q4 24 | -6.4% | 47.1% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | -0.9% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.04 | $1.13 | ||
| Q3 25 | $-0.65 | $0.17 | ||
| Q2 25 | $0.11 | $0.21 | ||
| Q1 25 | $0.09 | $0.37 | ||
| Q4 24 | $-0.13 | $0.73 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | $-0.04 | $0.17 |
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 | $49.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $272.0M |
| Total Assets | $268.1M | $383.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $96.4M | $70.5M | ||
| Q3 25 | $106.0M | $85.6M | ||
| Q2 25 | $117.2M | $92.9M | ||
| Q1 25 | $112.0M | $105.2M | ||
| Q4 24 | $113.0M | $83.2M | ||
| Q3 24 | $129.0M | $77.5M | ||
| Q2 24 | $123.8M | $63.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $249.7M | $271.8M | ||
| Q3 25 | $256.2M | $238.3M | ||
| Q2 25 | $264.5M | $242.5M | ||
| Q1 25 | $265.9M | $231.1M | ||
| Q4 24 | $267.4M | $212.5M | ||
| Q3 24 | $275.8M | $194.6M | ||
| Q2 24 | $274.6M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $268.1M | $397.7M | ||
| Q3 25 | $306.2M | $343.5M | ||
| Q2 25 | $314.7M | $357.1M | ||
| Q1 25 | $310.9M | $333.8M | ||
| Q4 24 | $303.2M | $338.7M | ||
| Q3 24 | $315.3M | $289.3M | ||
| Q2 24 | $318.1M | $286.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — |
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 | $28.2M |
| Free Cash FlowOCF − Capex | $-2.4M | — |
| FCF MarginFCF / Revenue | -7.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $-1.4M | $12.6M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | $7.9M | $6.2M | ||
| Q1 25 | $3.0M | $29.4M | ||
| Q4 24 | $7.2M | $12.4M | ||
| Q3 24 | $22.2M | $14.0M | ||
| Q2 24 | $4.0M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.4M | $9.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | $7.5M | $4.4M | ||
| Q1 25 | $654.0K | $27.7M | ||
| Q4 24 | $5.1M | $10.5M | ||
| Q3 24 | $18.2M | $12.0M | ||
| Q2 24 | $2.8M | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | -7.1% | 15.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | 15.1% | 7.3% | ||
| Q1 25 | 1.4% | 43.8% | ||
| Q4 24 | 17.1% | 17.1% | ||
| Q3 24 | 323.0% | 21.4% | ||
| Q2 24 | 5.8% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 4.7% | ||
| Q3 25 | 2.0% | 4.4% | ||
| Q2 25 | 0.8% | 3.1% | ||
| Q1 25 | 5.1% | 2.6% | ||
| Q4 24 | 7.0% | 3.2% | ||
| Q3 24 | 71.4% | 3.5% | ||
| Q2 24 | 2.5% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | 4.93× | 0.75× | ||
| Q1 25 | 2.30× | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
