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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $22.7M, roughly 1.5× R F INDUSTRIES LTD). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -1.8%, a 2.6% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs -3.2%). R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $-2.4M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs -3.5%).

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

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

CLFD vs RFIL — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.5× larger
CLFD
$34.3M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+26.1% gap
RFIL
22.9%
-3.2%
CLFD
Higher net margin
RFIL
RFIL
2.6% more per $
RFIL
0.8%
-1.8%
CLFD
More free cash flow
RFIL
RFIL
$4.5M more FCF
RFIL
$2.0M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
RFIL
RFIL
Revenue
$34.3M
$22.7M
Net Profit
$-614.0K
$173.0K
Gross Margin
33.2%
36.8%
Operating Margin
-5.3%
4.0%
Net Margin
-1.8%
0.8%
Revenue YoY
-3.2%
22.9%
Net Profit YoY
67.8%
172.7%
EPS (diluted)
$-0.04
$0.01

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
RFIL
RFIL
Q4 25
$34.3M
$22.7M
Q3 25
$23.4M
$19.8M
Q2 25
$49.9M
$18.9M
Q1 25
$47.2M
$19.2M
Q4 24
$29.7M
$18.5M
Q3 24
$5.6M
$16.8M
Q2 24
$48.8M
$16.1M
Q1 24
$36.9M
$13.5M
Net Profit
CLFD
CLFD
RFIL
RFIL
Q4 25
$-614.0K
$173.0K
Q3 25
$-9.1M
$392.0K
Q2 25
$1.6M
$-245.0K
Q1 25
$1.3M
$-245.0K
Q4 24
$-1.9M
$-238.0K
Q3 24
$-705.0K
Q2 24
$-447.0K
$-4.3M
Q1 24
$-5.9M
$-1.4M
Gross Margin
CLFD
CLFD
RFIL
RFIL
Q4 25
33.2%
36.8%
Q3 25
53.2%
34.0%
Q2 25
30.5%
31.5%
Q1 25
30.1%
29.8%
Q4 24
29.2%
31.3%
Q3 24
29.5%
Q2 24
21.9%
29.9%
Q1 24
7.7%
24.5%
Operating Margin
CLFD
CLFD
RFIL
RFIL
Q4 25
-5.3%
4.0%
Q3 25
10.3%
3.6%
Q2 25
3.0%
0.6%
Q1 25
0.6%
0.3%
Q4 24
-6.9%
0.5%
Q3 24
-2.5%
Q2 24
-4.7%
-2.6%
Q1 24
-26.4%
-15.5%
Net Margin
CLFD
CLFD
RFIL
RFIL
Q4 25
-1.8%
0.8%
Q3 25
-38.8%
2.0%
Q2 25
3.2%
-1.3%
Q1 25
2.8%
-1.3%
Q4 24
-6.4%
-1.3%
Q3 24
-4.2%
Q2 24
-0.9%
-26.7%
Q1 24
-16.0%
-10.1%
EPS (diluted)
CLFD
CLFD
RFIL
RFIL
Q4 25
$-0.04
$0.01
Q3 25
$-0.65
$0.04
Q2 25
$0.11
$-0.02
Q1 25
$0.09
$-0.02
Q4 24
$-0.13
$-0.02
Q3 24
$-0.07
Q2 24
$-0.04
$-0.41
Q1 24
$-0.40
$-0.13

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$96.4M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$35.2M
Total Assets
$268.1M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
RFIL
RFIL
Q4 25
$96.4M
$5.1M
Q3 25
$106.0M
$3.0M
Q2 25
$117.2M
$3.6M
Q1 25
$112.0M
$1.3M
Q4 24
$113.0M
$839.0K
Q3 24
$129.0M
$1.8M
Q2 24
$123.8M
$1.4M
Q1 24
$142.9M
$4.5M
Total Debt
CLFD
CLFD
RFIL
RFIL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
RFIL
RFIL
Q4 25
$249.7M
$35.2M
Q3 25
$256.2M
$34.8M
Q2 25
$264.5M
$34.2M
Q1 25
$265.9M
$34.2M
Q4 24
$267.4M
$34.1M
Q3 24
$275.8M
$34.1M
Q2 24
$274.6M
$34.6M
Q1 24
$279.2M
$38.7M
Total Assets
CLFD
CLFD
RFIL
RFIL
Q4 25
$268.1M
$73.0M
Q3 25
$306.2M
$73.2M
Q2 25
$314.7M
$72.7M
Q1 25
$310.9M
$70.4M
Q4 24
$303.2M
$71.0M
Q3 24
$315.3M
$71.9M
Q2 24
$318.1M
$72.8M
Q1 24
$315.4M
$79.1M
Debt / Equity
CLFD
CLFD
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$-1.4M
$2.1M
Free Cash FlowOCF − Capex
$-2.4M
$2.0M
FCF MarginFCF / Revenue
-7.1%
9.0%
Capex IntensityCapex / Revenue
2.9%
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
RFIL
RFIL
Q4 25
$-1.4M
$2.1M
Q3 25
$-311.0K
Q2 25
$7.9M
$2.2M
Q1 25
$3.0M
$601.0K
Q4 24
$7.2M
$-244.0K
Q3 24
$22.2M
$2.4M
Q2 24
$4.0M
$197.0K
Q1 24
$-5.7M
$840.0K
Free Cash Flow
CLFD
CLFD
RFIL
RFIL
Q4 25
$-2.4M
$2.0M
Q3 25
$-419.0K
Q2 25
$7.5M
$2.2M
Q1 25
$654.0K
$574.0K
Q4 24
$5.1M
$-418.0K
Q3 24
$18.2M
$2.1M
Q2 24
$2.8M
$28.0K
Q1 24
$-7.7M
$697.0K
FCF Margin
CLFD
CLFD
RFIL
RFIL
Q4 25
-7.1%
9.0%
Q3 25
-2.1%
Q2 25
15.1%
11.4%
Q1 25
1.4%
3.0%
Q4 24
17.1%
-2.3%
Q3 24
323.0%
12.6%
Q2 24
5.8%
0.2%
Q1 24
-20.8%
5.2%
Capex Intensity
CLFD
CLFD
RFIL
RFIL
Q4 25
2.9%
0.3%
Q3 25
2.0%
0.5%
Q2 25
0.8%
0.2%
Q1 25
5.1%
0.1%
Q4 24
7.0%
0.9%
Q3 24
71.4%
1.5%
Q2 24
2.5%
1.0%
Q1 24
5.3%
1.1%
Cash Conversion
CLFD
CLFD
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
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.

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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