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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $34.3M, roughly 1.7× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -83.0%, a 81.2% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs -3.2%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs -3.5%).

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

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

CLFD vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.7× larger
RYTM
$57.3M
$34.3M
CLFD
Growing faster (revenue YoY)
RYTM
RYTM
+40.1% gap
RYTM
36.9%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
81.2% more per $
CLFD
-1.8%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
RYTM
RYTM
Revenue
$34.3M
$57.3M
Net Profit
$-614.0K
$-47.5M
Gross Margin
33.2%
91.6%
Operating Margin
-5.3%
-82.2%
Net Margin
-1.8%
-83.0%
Revenue YoY
-3.2%
36.9%
Net Profit YoY
67.8%
-9.6%
EPS (diluted)
$-0.04
$-0.73

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
RYTM
RYTM
Q4 25
$34.3M
$57.3M
Q3 25
$23.4M
$51.3M
Q2 25
$49.9M
$48.5M
Q1 25
$47.2M
$32.7M
Q4 24
$29.7M
$41.8M
Q3 24
$5.6M
$33.3M
Q2 24
$48.8M
$29.1M
Q1 24
$36.9M
$26.0M
Net Profit
CLFD
CLFD
RYTM
RYTM
Q4 25
$-614.0K
$-47.5M
Q3 25
$-9.1M
$-52.9M
Q2 25
$1.6M
$-46.6M
Q1 25
$1.3M
$-49.5M
Q4 24
$-1.9M
$-43.3M
Q3 24
$-43.6M
Q2 24
$-447.0K
$-32.3M
Q1 24
$-5.9M
$-141.4M
Gross Margin
CLFD
CLFD
RYTM
RYTM
Q4 25
33.2%
91.6%
Q3 25
53.2%
89.3%
Q2 25
30.5%
88.6%
Q1 25
30.1%
88.8%
Q4 24
29.2%
90.9%
Q3 24
88.5%
Q2 24
21.9%
89.9%
Q1 24
7.7%
89.2%
Operating Margin
CLFD
CLFD
RYTM
RYTM
Q4 25
-5.3%
-82.2%
Q3 25
10.3%
-102.6%
Q2 25
3.0%
-93.4%
Q1 25
0.6%
-143.7%
Q4 24
-6.9%
-98.6%
Q3 24
-132.0%
Q2 24
-4.7%
-139.2%
Q1 24
-26.4%
-538.7%
Net Margin
CLFD
CLFD
RYTM
RYTM
Q4 25
-1.8%
-83.0%
Q3 25
-38.8%
-103.1%
Q2 25
3.2%
-96.1%
Q1 25
2.8%
-151.4%
Q4 24
-6.4%
-103.6%
Q3 24
-131.2%
Q2 24
-0.9%
-110.9%
Q1 24
-16.0%
-544.4%
EPS (diluted)
CLFD
CLFD
RYTM
RYTM
Q4 25
$-0.04
$-0.73
Q3 25
$-0.65
$-0.82
Q2 25
$0.11
$-0.75
Q1 25
$0.09
$-0.81
Q4 24
$-0.13
$-0.71
Q3 24
$-0.73
Q2 24
$-0.04
$-0.55
Q1 24
$-0.40
$-2.35

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$96.4M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$139.1M
Total Assets
$268.1M
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
RYTM
RYTM
Q4 25
$96.4M
$388.9M
Q3 25
$106.0M
$416.1M
Q2 25
$117.2M
$291.0M
Q1 25
$112.0M
$314.5M
Q4 24
$113.0M
$320.6M
Q3 24
$129.0M
$298.4M
Q2 24
$123.8M
$319.1M
Q1 24
$142.9M
$201.2M
Total Debt
CLFD
CLFD
RYTM
RYTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
RYTM
RYTM
Q4 25
$249.7M
$139.1M
Q3 25
$256.2M
$148.8M
Q2 25
$264.5M
$-11.9M
Q1 25
$265.9M
$18.9M
Q4 24
$267.4M
$21.7M
Q3 24
$275.8M
$11.2M
Q2 24
$274.6M
$39.3M
Q1 24
$279.2M
$61.6M
Total Assets
CLFD
CLFD
RYTM
RYTM
Q4 25
$268.1M
$480.2M
Q3 25
$306.2M
$506.9M
Q2 25
$314.7M
$372.7M
Q1 25
$310.9M
$386.7M
Q4 24
$303.2M
$392.3M
Q3 24
$315.3M
$363.6M
Q2 24
$318.1M
$381.8M
Q1 24
$315.4M
$258.7M
Debt / Equity
CLFD
CLFD
RYTM
RYTM
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
RYTM
RYTM
Operating Cash FlowLast quarter
$-1.4M
$-25.4M
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
RYTM
RYTM
Q4 25
$-1.4M
$-25.4M
Q3 25
$-26.6M
Q2 25
$7.9M
$-23.3M
Q1 25
$3.0M
$-40.4M
Q4 24
$7.2M
$-18.8M
Q3 24
$22.2M
$-25.2M
Q2 24
$4.0M
$-29.1M
Q1 24
$-5.7M
$-40.7M
Free Cash Flow
CLFD
CLFD
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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.

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