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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $34.3M, roughly 1.1× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -8.9%, a 7.1% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -3.2%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -15.0%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
CLFD vs SMRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $36.5M |
| Net Profit | $-614.0K | $-3.2M |
| Gross Margin | 33.2% | 38.6% |
| Operating Margin | -5.3% | -10.9% |
| Net Margin | -1.8% | -8.9% |
| Revenue YoY | -3.2% | 3.1% |
| Net Profit YoY | 67.8% | 71.6% |
| 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 | $36.5M | ||
| Q3 25 | $23.4M | $36.2M | ||
| Q2 25 | $49.9M | $38.3M | ||
| Q1 25 | $47.2M | $41.3M | ||
| Q4 24 | $29.7M | $35.4M | ||
| Q3 24 | $5.6M | $40.5M | ||
| Q2 24 | $48.8M | $48.5M | ||
| Q1 24 | $36.9M | $50.5M |
| Q4 25 | $-614.0K | $-3.2M | ||
| Q3 25 | $-9.1M | $-6.3M | ||
| Q2 25 | $1.6M | $-10.9M | ||
| Q1 25 | $1.3M | $-40.2M | ||
| Q4 24 | $-1.9M | $-11.4M | ||
| Q3 24 | — | $-9.9M | ||
| Q2 24 | $-447.0K | $-4.6M | ||
| Q1 24 | $-5.9M | $-7.7M |
| Q4 25 | 33.2% | 38.6% | ||
| Q3 25 | 53.2% | 26.4% | ||
| Q2 25 | 30.5% | 33.1% | ||
| Q1 25 | 30.1% | 32.8% | ||
| Q4 24 | 29.2% | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | 21.9% | 35.7% | ||
| Q1 24 | 7.7% | 38.5% |
| Q4 25 | -5.3% | -10.9% | ||
| Q3 25 | 10.3% | -19.4% | ||
| Q2 25 | 3.0% | -30.5% | ||
| Q1 25 | 0.6% | -99.9% | ||
| Q4 24 | -6.9% | -36.6% | ||
| Q3 24 | — | -29.0% | ||
| Q2 24 | -4.7% | -14.3% | ||
| Q1 24 | -26.4% | -20.1% |
| Q4 25 | -1.8% | -8.9% | ||
| Q3 25 | -38.8% | -17.3% | ||
| Q2 25 | 3.2% | -28.3% | ||
| Q1 25 | 2.8% | -97.2% | ||
| Q4 24 | -6.4% | -32.3% | ||
| Q3 24 | — | -24.5% | ||
| Q2 24 | -0.9% | -9.5% | ||
| Q1 24 | -16.0% | -15.2% |
| Q4 25 | $-0.04 | $-0.02 | ||
| Q3 25 | $-0.65 | $-0.03 | ||
| Q2 25 | $0.11 | $-0.06 | ||
| Q1 25 | $0.09 | $-0.21 | ||
| Q4 24 | $-0.13 | $-0.06 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | $-0.04 | $-0.02 | ||
| Q1 24 | $-0.40 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $232.1M |
| Total Assets | $268.1M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $104.5M | ||
| Q3 25 | $106.0M | $100.0M | ||
| Q2 25 | $117.2M | $105.0M | ||
| Q1 25 | $112.0M | $125.6M | ||
| Q4 24 | $113.0M | $142.5M | ||
| Q3 24 | $129.0M | $163.4M | ||
| Q2 24 | $123.8M | $187.4M | ||
| Q1 24 | $142.9M | $204.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $232.1M | ||
| Q3 25 | $256.2M | $234.4M | ||
| Q2 25 | $264.5M | $238.8M | ||
| Q1 25 | $265.9M | $250.7M | ||
| Q4 24 | $267.4M | $289.4M | ||
| Q3 24 | $275.8M | $305.1M | ||
| Q2 24 | $274.6M | $329.4M | ||
| Q1 24 | $279.2M | $333.1M |
| Q4 25 | $268.1M | $320.9M | ||
| Q3 25 | $306.2M | $335.8M | ||
| Q2 25 | $314.7M | $354.0M | ||
| Q1 25 | $310.9M | $366.1M | ||
| Q4 24 | $303.2M | $420.2M | ||
| Q3 24 | $315.3M | $448.6M | ||
| Q2 24 | $318.1M | $475.3M | ||
| Q1 24 | $315.4M | $485.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $7.7M |
| Free Cash FlowOCF − Capex | $-2.4M | $7.7M |
| FCF MarginFCF / Revenue | -7.1% | 21.0% |
| Capex IntensityCapex / Revenue | 2.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $7.7M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | $7.9M | $-14.9M | ||
| Q1 25 | $3.0M | $-12.2M | ||
| Q4 24 | $7.2M | $-12.0M | ||
| Q3 24 | $22.2M | $-3.7M | ||
| Q2 24 | $4.0M | $-13.9M | ||
| Q1 24 | $-5.7M | $-3.3M |
| Q4 25 | $-2.4M | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $7.5M | $-16.2M | ||
| Q1 25 | $654.0K | $-14.3M | ||
| Q4 24 | $5.1M | $-13.3M | ||
| Q3 24 | $18.2M | $-3.9M | ||
| Q2 24 | $2.8M | $-14.1M | ||
| Q1 24 | $-7.7M | $-3.4M |
| Q4 25 | -7.1% | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | 15.1% | -42.3% | ||
| Q1 25 | 1.4% | -34.7% | ||
| Q4 24 | 17.1% | -37.5% | ||
| Q3 24 | 323.0% | -9.7% | ||
| Q2 24 | 5.8% | -29.1% | ||
| Q1 24 | -20.8% | -6.7% |
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 2.0% | 0.2% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | 5.1% | 5.3% | ||
| Q4 24 | 7.0% | 3.5% | ||
| Q3 24 | 71.4% | 0.6% | ||
| Q2 24 | 2.5% | 0.5% | ||
| Q1 24 | 5.3% | 0.1% |
| 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.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
