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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $34.3M, roughly 1.6× Clearfield, Inc.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -1.8%, a 27.2% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
CLFD vs SMBK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $53.8M |
| Net Profit | $-614.0K | $13.7M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | — |
| Net Margin | -1.8% | 25.4% |
| Revenue YoY | -3.2% | — |
| Net Profit YoY | 67.8% | 21.6% |
| EPS (diluted) | $-0.04 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $34.3M | $53.3M | ||
| Q3 25 | $23.4M | $51.1M | ||
| Q2 25 | $49.9M | $49.2M | ||
| Q1 25 | $47.2M | $46.8M | ||
| Q4 24 | $29.7M | $46.8M | ||
| Q3 24 | $5.6M | $44.2M | ||
| Q2 24 | $48.8M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-614.0K | $13.7M | ||
| Q3 25 | $-9.1M | $13.7M | ||
| Q2 25 | $1.6M | $11.7M | ||
| Q1 25 | $1.3M | $11.3M | ||
| Q4 24 | $-1.9M | $9.6M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | $-447.0K | $8.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -5.3% | 31.3% | ||
| Q3 25 | 10.3% | 33.2% | ||
| Q2 25 | 3.0% | 29.0% | ||
| Q1 25 | 0.6% | 29.0% | ||
| Q4 24 | -6.9% | 26.5% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | -4.7% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -1.8% | 25.7% | ||
| Q3 25 | -38.8% | 26.8% | ||
| Q2 25 | 3.2% | 23.8% | ||
| Q1 25 | 2.8% | 24.0% | ||
| Q4 24 | -6.4% | 20.6% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | -0.9% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.04 | $0.81 | ||
| Q3 25 | $-0.65 | $0.81 | ||
| Q2 25 | $0.11 | $0.69 | ||
| Q1 25 | $0.09 | $0.67 | ||
| Q4 24 | $-0.13 | $0.57 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | $-0.04 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $562.2M |
| Total Assets | $268.1M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $96.4M | $464.4M | ||
| Q3 25 | $106.0M | $557.1M | ||
| Q2 25 | $117.2M | $365.1M | ||
| Q1 25 | $112.0M | $423.0M | ||
| Q4 24 | $113.0M | $387.6M | ||
| Q3 24 | $129.0M | $192.9M | ||
| Q2 24 | $123.8M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | $2.2M | $9.0M | ||
| Q2 24 | $2.1M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $249.7M | $552.4M | ||
| Q3 25 | $256.2M | $538.4M | ||
| Q2 25 | $264.5M | $519.0M | ||
| Q1 25 | $265.9M | $505.8M | ||
| Q4 24 | $267.4M | $491.3M | ||
| Q3 24 | $275.8M | $489.0M | ||
| Q2 24 | $274.6M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $268.1M | $5.9B | ||
| Q3 25 | $306.2M | $5.8B | ||
| Q2 25 | $314.7M | $5.5B | ||
| Q1 25 | $310.9M | $5.4B | ||
| Q4 24 | $303.2M | $5.3B | ||
| Q3 24 | $315.3M | $4.9B | ||
| Q2 24 | $318.1M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | 0.01× | 0.02× | ||
| Q2 24 | 0.01× | 0.03× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-1.4M | $61.7M | ||
| Q3 25 | — | $16.9M | ||
| Q2 25 | $7.9M | $14.0M | ||
| Q1 25 | $3.0M | $14.3M | ||
| Q4 24 | $7.2M | $52.7M | ||
| Q3 24 | $22.2M | $12.4M | ||
| Q2 24 | $4.0M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.4M | $59.3M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | $7.5M | $13.2M | ||
| Q1 25 | $654.0K | $13.4M | ||
| Q4 24 | $5.1M | $46.3M | ||
| Q3 24 | $18.2M | $11.3M | ||
| Q2 24 | $2.8M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -7.1% | 111.3% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | 15.1% | 26.9% | ||
| Q1 25 | 1.4% | 28.5% | ||
| Q4 24 | 17.1% | 98.9% | ||
| Q3 24 | 323.0% | 25.7% | ||
| Q2 24 | 5.8% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 4.5% | ||
| Q3 25 | 2.0% | 0.6% | ||
| Q2 25 | 0.8% | 1.6% | ||
| Q1 25 | 5.1% | 2.0% | ||
| Q4 24 | 7.0% | 13.7% | ||
| Q3 24 | 71.4% | 2.4% | ||
| Q2 24 | 2.5% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | 4.93× | 1.20× | ||
| Q1 25 | 2.30× | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 2.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
