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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $34.3M, roughly 1.4× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -2.1%, a 0.4% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -3.2%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-2.4M).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
CLFD vs QIPT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $49.0M |
| Net Profit | $-614.0K | $-1.1M |
| Gross Margin | 33.2% | 53.5% |
| Operating Margin | -5.3% | 2.1% |
| Net Margin | -1.8% | -2.1% |
| Revenue YoY | -3.2% | 32.3% |
| Net Profit YoY | 67.8% | 2.9% |
| EPS (diluted) | $-0.04 | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $23.4M | $39.8M | ||
| Q2 25 | $49.9M | $35.1M | ||
| Q1 25 | $47.2M | $33.3M | ||
| Q4 24 | $29.7M | $37.1M | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $48.8M | — | ||
| Q1 24 | $36.9M | — |
| Q4 25 | $-614.0K | $-1.1M | ||
| Q3 25 | $-9.1M | $-3.5M | ||
| Q2 25 | $1.6M | $-3.0M | ||
| Q1 25 | $1.3M | $-3.0M | ||
| Q4 24 | $-1.9M | $-1.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | $-447.0K | — | ||
| Q1 24 | $-5.9M | — |
| Q4 25 | 33.2% | 53.5% | ||
| Q3 25 | 53.2% | 48.7% | ||
| Q2 25 | 30.5% | 57.6% | ||
| Q1 25 | 30.1% | 54.6% | ||
| Q4 24 | 29.2% | 52.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | 2.1% | ||
| Q3 25 | 10.3% | -3.6% | ||
| Q2 25 | 3.0% | -5.2% | ||
| Q1 25 | 0.6% | -3.0% | ||
| Q4 24 | -6.9% | 1.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -26.4% | — |
| Q4 25 | -1.8% | -2.1% | ||
| Q3 25 | -38.8% | -8.9% | ||
| Q2 25 | 3.2% | -8.6% | ||
| Q1 25 | 2.8% | -9.1% | ||
| Q4 24 | -6.4% | -2.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.9% | — | ||
| Q1 24 | -16.0% | — |
| Q4 25 | $-0.04 | $-0.02 | ||
| Q3 25 | $-0.65 | $-0.07 | ||
| Q2 25 | $0.11 | $-0.07 | ||
| Q1 25 | $0.09 | $-0.07 | ||
| Q4 24 | $-0.13 | $-0.03 | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.40 | — |
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 | $10.5M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $249.7M | $113.0M |
| Total Assets | $268.1M | $280.7M |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $10.5M | ||
| Q3 25 | $106.0M | $12.9M | ||
| Q2 25 | $117.2M | $11.3M | ||
| Q1 25 | $112.0M | $17.1M | ||
| Q4 24 | $113.0M | $15.5M | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $87.6M | ||
| Q2 25 | — | $66.0M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $70.6M | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $113.0M | ||
| Q3 25 | $256.2M | $112.1M | ||
| Q2 25 | $264.5M | $102.5M | ||
| Q1 25 | $265.9M | $103.6M | ||
| Q4 24 | $267.4M | $106.3M | ||
| Q3 24 | $275.8M | — | ||
| Q2 24 | $274.6M | — | ||
| Q1 24 | $279.2M | — |
| Q4 25 | $268.1M | $280.7M | ||
| Q3 25 | $306.2M | $283.3M | ||
| Q2 25 | $314.7M | $236.1M | ||
| Q1 25 | $310.9M | $244.6M | ||
| Q4 24 | $303.2M | $242.8M | ||
| Q3 24 | $315.3M | — | ||
| Q2 24 | $318.1M | — | ||
| Q1 24 | $315.4M | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| 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 | $8.9M |
| Free Cash FlowOCF − Capex | $-2.4M | $6.9M |
| FCF MarginFCF / Revenue | -7.1% | 14.0% |
| Capex IntensityCapex / Revenue | 2.9% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $8.9M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | $7.9M | $9.7M | ||
| Q1 25 | $3.0M | $8.9M | ||
| Q4 24 | $7.2M | $9.3M | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $4.0M | — | ||
| Q1 24 | $-5.7M | — |
| Q4 25 | $-2.4M | $6.9M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | $7.5M | $4.4M | ||
| Q1 25 | $654.0K | $7.3M | ||
| Q4 24 | $5.1M | $5.6M | ||
| Q3 24 | $18.2M | — | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $-7.7M | — |
| Q4 25 | -7.1% | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | 15.1% | 12.6% | ||
| Q1 25 | 1.4% | 22.0% | ||
| Q4 24 | 17.1% | 15.2% | ||
| Q3 24 | 323.0% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -20.8% | — |
| Q4 25 | 2.9% | 4.2% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 0.8% | 14.9% | ||
| Q1 25 | 5.1% | 4.8% | ||
| Q4 24 | 7.0% | 9.9% | ||
| 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.
