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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $23.6M, roughly 1.5× SIEBERT FINANCIAL CORP). Clearfield, Inc. runs the higher net margin — -1.8% vs -1.9%, a 0.1% gap on every dollar of revenue. On growth, SIEBERT FINANCIAL CORP posted the faster year-over-year revenue change (17.7% vs -3.2%). SIEBERT FINANCIAL CORP produced more free cash flow last quarter ($9.7M vs $-2.4M). Over the past eight quarters, SIEBERT FINANCIAL CORP's revenue compounded faster (7.3% CAGR vs -3.5%).

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

Siebert Financial Corp is a U.S.-based financial services provider specializing in discount brokerage, self-directed investment platforms, retirement account solutions, and personalized financial advisory services. It caters to both retail and institutional clients across the country, operating primarily in the retail investment and wealth management segments with a focus on low-cost, accessible investment options for individual investors.

CLFD vs SIEB — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.5× larger
CLFD
$34.3M
$23.6M
SIEB
Growing faster (revenue YoY)
SIEB
SIEB
+20.9% gap
SIEB
17.7%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
0.1% more per $
CLFD
-1.8%
-1.9%
SIEB
More free cash flow
SIEB
SIEB
$12.1M more FCF
SIEB
$9.7M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
SIEB
SIEB
Annualised
SIEB
7.3%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
SIEB
SIEB
Revenue
$34.3M
$23.6M
Net Profit
$-614.0K
$-445.0K
Gross Margin
33.2%
Operating Margin
-5.3%
-5.5%
Net Margin
-1.8%
-1.9%
Revenue YoY
-3.2%
17.7%
Net Profit YoY
67.8%
-125.6%
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
SIEB
SIEB
Q4 25
$34.3M
$23.6M
Q3 25
$23.4M
$26.8M
Q2 25
$49.9M
$14.9M
Q1 25
$47.2M
$28.9M
Q4 24
$29.7M
$20.0M
Q3 24
$5.6M
$22.6M
Q2 24
$48.8M
$20.9M
Q1 24
$36.9M
$20.5M
Net Profit
CLFD
CLFD
SIEB
SIEB
Q4 25
$-614.0K
$-445.0K
Q3 25
$-9.1M
$1.6M
Q2 25
$1.6M
$-4.7M
Q1 25
$1.3M
$8.7M
Q4 24
$-1.9M
$1.7M
Q3 24
$3.8M
Q2 24
$-447.0K
$4.0M
Q1 24
$-5.9M
$3.7M
Gross Margin
CLFD
CLFD
SIEB
SIEB
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
SIEB
SIEB
Q4 25
-5.3%
-5.5%
Q3 25
10.3%
8.1%
Q2 25
3.0%
-39.2%
Q1 25
0.6%
36.3%
Q4 24
-6.9%
9.7%
Q3 24
21.4%
Q2 24
-4.7%
26.7%
Q1 24
-26.4%
24.9%
Net Margin
CLFD
CLFD
SIEB
SIEB
Q4 25
-1.8%
-1.9%
Q3 25
-38.8%
6.0%
Q2 25
3.2%
-31.7%
Q1 25
2.8%
29.9%
Q4 24
-6.4%
8.7%
Q3 24
17.0%
Q2 24
-0.9%
19.4%
Q1 24
-16.0%
18.0%
EPS (diluted)
CLFD
CLFD
SIEB
SIEB
Q4 25
$-0.04
$-0.01
Q3 25
$-0.65
$0.04
Q2 25
$0.11
$-0.12
Q1 25
$0.09
$0.22
Q4 24
$-0.13
$0.04
Q3 24
$0.10
Q2 24
$-0.04
$0.10
Q1 24
$-0.40
$0.09

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
SIEB
SIEB
Cash + ST InvestmentsLiquidity on hand
$96.4M
$22.4M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$249.7M
$89.2M
Total Assets
$268.1M
$759.0M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
SIEB
SIEB
Q4 25
$96.4M
$22.4M
Q3 25
$106.0M
$19.6M
Q2 25
$117.2M
$28.9M
Q1 25
$112.0M
$25.7M
Q4 24
$113.0M
$32.6M
Q3 24
$129.0M
$4.4M
Q2 24
$123.8M
$5.2M
Q1 24
$142.9M
$2.9M
Total Debt
CLFD
CLFD
SIEB
SIEB
Q4 25
$4.1M
Q3 25
$4.2M
Q2 25
$4.2M
Q1 25
$4.2M
Q4 24
$4.2M
Q3 24
$2.2M
$4.2M
Q2 24
$2.1M
$4.3M
Q1 24
$4.3M
Stockholders' Equity
CLFD
CLFD
SIEB
SIEB
Q4 25
$249.7M
$89.2M
Q3 25
$256.2M
$90.9M
Q2 25
$264.5M
$89.0M
Q1 25
$265.9M
$93.3M
Q4 24
$267.4M
$84.1M
Q3 24
$275.8M
$82.3M
Q2 24
$274.6M
$78.2M
Q1 24
$279.2M
$73.8M
Total Assets
CLFD
CLFD
SIEB
SIEB
Q4 25
$268.1M
$759.0M
Q3 25
$306.2M
$607.5M
Q2 25
$314.7M
$560.5M
Q1 25
$310.9M
$534.2M
Q4 24
$303.2M
$519.7M
Q3 24
$315.3M
$579.2M
Q2 24
$318.1M
$609.1M
Q1 24
$315.4M
$742.3M
Debt / Equity
CLFD
CLFD
SIEB
SIEB
Q4 25
0.05×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.01×
0.05×
Q2 24
0.01×
0.05×
Q1 24
0.06×

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
SIEB
SIEB
Operating Cash FlowLast quarter
$-1.4M
$10.2M
Free Cash FlowOCF − Capex
$-2.4M
$9.7M
FCF MarginFCF / Revenue
-7.1%
41.1%
Capex IntensityCapex / Revenue
2.9%
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
SIEB
SIEB
Q4 25
$-1.4M
$10.2M
Q3 25
$43.7M
Q2 25
$7.9M
$631.0K
Q1 25
$3.0M
$-34.5M
Q4 24
$7.2M
$10.1M
Q3 24
$22.2M
$3.0M
Q2 24
$4.0M
$18.6M
Q1 24
$-5.7M
$-47.0M
Free Cash Flow
CLFD
CLFD
SIEB
SIEB
Q4 25
$-2.4M
$9.7M
Q3 25
$43.3M
Q2 25
$7.5M
$570.0K
Q1 25
$654.0K
$-34.5M
Q4 24
$5.1M
$9.8M
Q3 24
$18.2M
Q2 24
$2.8M
$18.6M
Q1 24
$-7.7M
$-47.0M
FCF Margin
CLFD
CLFD
SIEB
SIEB
Q4 25
-7.1%
41.1%
Q3 25
161.5%
Q2 25
15.1%
3.8%
Q1 25
1.4%
-119.4%
Q4 24
17.1%
49.1%
Q3 24
323.0%
Q2 24
5.8%
89.0%
Q1 24
-20.8%
-229.7%
Capex Intensity
CLFD
CLFD
SIEB
SIEB
Q4 25
2.9%
2.3%
Q3 25
2.0%
1.2%
Q2 25
0.8%
0.4%
Q1 25
5.1%
0.2%
Q4 24
7.0%
1.1%
Q3 24
71.4%
0.0%
Q2 24
2.5%
0.2%
Q1 24
5.3%
0.1%
Cash Conversion
CLFD
CLFD
SIEB
SIEB
Q4 25
Q3 25
26.89×
Q2 25
4.93×
Q1 25
2.30×
-3.98×
Q4 24
5.79×
Q3 24
0.77×
Q2 24
4.60×
Q1 24
-12.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

SIEB
SIEB

Margin Interest$14.0M59%
Other Incomes$3.6M15%
Proprietary Trading$2.6M11%
Market Making$2.2M9%
Media Sports And Entertainment$1.2M5%

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