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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and PEDEVCO CORP (PED). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $23.1M, roughly 1.5× PEDEVCO CORP). Clearfield, Inc. runs the higher net margin — -1.8% vs -36.8%, a 35.0% gap on every dollar of revenue. On growth, PEDEVCO CORP posted the faster year-over-year revenue change (118.2% vs -3.2%). Over the past eight quarters, PEDEVCO CORP's revenue compounded faster (68.6% CAGR vs -3.5%).

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

PEDEVCO Corp is an independent energy company specializing in the acquisition, exploration, development, and production of oil and natural gas assets. It primarily holds and operates onshore resource properties across continental US basins, serving domestic wholesale, utility, and industrial energy customer segments.

CLFD vs PED — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.5× larger
CLFD
$34.3M
$23.1M
PED
Growing faster (revenue YoY)
PED
PED
+121.4% gap
PED
118.2%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
35.0% more per $
CLFD
-1.8%
-36.8%
PED
Faster 2-yr revenue CAGR
PED
PED
Annualised
PED
68.6%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
PED
PED
Revenue
$34.3M
$23.1M
Net Profit
$-614.0K
$-8.5M
Gross Margin
33.2%
Operating Margin
-5.3%
-21.3%
Net Margin
-1.8%
-36.8%
Revenue YoY
-3.2%
118.2%
Net Profit YoY
67.8%
-243.5%
EPS (diluted)
$-0.04
$-2.23

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.

Revenue
CLFD
CLFD
PED
PED
Q4 25
$34.3M
$23.1M
Q3 25
$23.4M
$7.0M
Q2 25
$49.9M
$7.0M
Q1 25
$47.2M
$8.7M
Q4 24
$29.7M
$10.6M
Q3 24
$5.6M
$9.1M
Q2 24
$48.8M
$11.8M
Q1 24
$36.9M
$8.1M
Net Profit
CLFD
CLFD
PED
PED
Q4 25
$-614.0K
$-8.5M
Q3 25
$-9.1M
$-325.0K
Q2 25
$1.6M
$-1.7M
Q1 25
$1.3M
$140.0K
Q4 24
$-1.9M
$5.9M
Q3 24
$2.9M
Q2 24
$-447.0K
$2.7M
Q1 24
$-5.9M
$773.0K
Gross Margin
CLFD
CLFD
PED
PED
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%
Operating Margin
CLFD
CLFD
PED
PED
Q4 25
-5.3%
-21.3%
Q3 25
10.3%
-12.0%
Q2 25
3.0%
-32.2%
Q1 25
0.6%
1.7%
Q4 24
-6.9%
-12.9%
Q3 24
31.3%
Q2 24
-4.7%
22.3%
Q1 24
-26.4%
7.6%
Net Margin
CLFD
CLFD
PED
PED
Q4 25
-1.8%
-36.8%
Q3 25
-38.8%
-4.7%
Q2 25
3.2%
-24.0%
Q1 25
2.8%
1.6%
Q4 24
-6.4%
56.0%
Q3 24
32.2%
Q2 24
-0.9%
22.7%
Q1 24
-16.0%
9.5%
EPS (diluted)
CLFD
CLFD
PED
PED
Q4 25
$-0.04
$-2.23
Q3 25
$-0.65
$0.00
Q2 25
$0.11
$-0.02
Q1 25
$0.09
$0.00
Q4 24
$-0.13
$2.69
Q3 24
$0.03
Q2 24
$-0.04
$0.03
Q1 24
$-0.40
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLFD
CLFD
PED
PED
Cash + ST InvestmentsLiquidity on hand
$96.4M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$207.4M
Total Assets
$268.1M
$375.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
PED
PED
Q4 25
$96.4M
$3.2M
Q3 25
$106.0M
$10.9M
Q2 25
$117.2M
$8.5M
Q1 25
$112.0M
$10.4M
Q4 24
$113.0M
$4.0M
Q3 24
$129.0M
$4.6M
Q2 24
$123.8M
$6.1M
Q1 24
$142.9M
$13.3M
Total Debt
CLFD
CLFD
PED
PED
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
PED
PED
Q4 25
$249.7M
$207.4M
Q3 25
$256.2M
$115.4M
Q2 25
$264.5M
$115.2M
Q1 25
$265.9M
$116.2M
Q4 24
$267.4M
$115.6M
Q3 24
$275.8M
$106.5M
Q2 24
$274.6M
$103.2M
Q1 24
$279.2M
$100.0M
Total Assets
CLFD
CLFD
PED
PED
Q4 25
$268.1M
$375.9M
Q3 25
$306.2M
$135.9M
Q2 25
$314.7M
$136.8M
Q1 25
$310.9M
$145.6M
Q4 24
$303.2M
$128.3M
Q3 24
$315.3M
$114.3M
Q2 24
$318.1M
$111.0M
Q1 24
$315.4M
$118.3M
Debt / Equity
CLFD
CLFD
PED
PED
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
CLFD
CLFD
PED
PED
Operating Cash FlowLast quarter
$-1.4M
$-2.1M
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.

Operating Cash Flow
CLFD
CLFD
PED
PED
Q4 25
$-1.4M
$-2.1M
Q3 25
$7.4M
Q2 25
$7.9M
$-420.0K
Q1 25
$3.0M
$5.9M
Q4 24
$7.2M
$4.2M
Q3 24
$22.2M
$8.3M
Q2 24
$4.0M
$4.6M
Q1 24
$-5.7M
$-4.3M
Free Cash Flow
CLFD
CLFD
PED
PED
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
FCF Margin
CLFD
CLFD
PED
PED
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%
Capex Intensity
CLFD
CLFD
PED
PED
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%
Cash Conversion
CLFD
CLFD
PED
PED
Q4 25
Q3 25
Q2 25
4.93×
Q1 25
2.30×
42.34×
Q4 24
0.71×
Q3 24
2.83×
Q2 24
1.71×
Q1 24
-5.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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