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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $34.3M, roughly 1.4× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -1.9%, a 0.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -3.2%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
CLFD vs SMXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $46.6M |
| Net Profit | $-614.0K | $-872.2K |
| Gross Margin | 33.2% | 2.7% |
| Operating Margin | -5.3% | -2.7% |
| Net Margin | -1.8% | -1.9% |
| Revenue YoY | -3.2% | 623.5% |
| Net Profit YoY | 67.8% | 77.7% |
| 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 | $46.6M | ||
| Q3 25 | $23.4M | $30.6M | ||
| Q2 25 | $49.9M | $6.9M | ||
| Q1 25 | $47.2M | $6.9M | ||
| Q4 24 | $29.7M | $6.4M | ||
| Q3 24 | $5.6M | $6.3M | ||
| Q2 24 | $48.8M | — | ||
| Q1 24 | $36.9M | — |
| Q4 25 | $-614.0K | $-872.2K | ||
| Q3 25 | $-9.1M | $-2.3M | ||
| Q2 25 | $1.6M | $-1.9M | ||
| Q1 25 | $1.3M | $-1.3M | ||
| Q4 24 | $-1.9M | $-3.9M | ||
| Q3 24 | — | $-9.6M | ||
| Q2 24 | $-447.0K | — | ||
| Q1 24 | $-5.9M | — |
| Q4 25 | 33.2% | 2.7% | ||
| Q3 25 | 53.2% | 3.1% | ||
| Q2 25 | 30.5% | 8.8% | ||
| Q1 25 | 30.1% | 20.5% | ||
| Q4 24 | 29.2% | 14.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | -2.7% | ||
| Q3 25 | 10.3% | -6.9% | ||
| Q2 25 | 3.0% | -25.7% | ||
| Q1 25 | 0.6% | -16.7% | ||
| Q4 24 | -6.9% | -27.9% | ||
| Q3 24 | — | -158.4% | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -26.4% | — |
| Q4 25 | -1.8% | -1.9% | ||
| Q3 25 | -38.8% | -7.4% | ||
| Q2 25 | 3.2% | -27.6% | ||
| Q1 25 | 2.8% | -18.7% | ||
| Q4 24 | -6.4% | -60.6% | ||
| Q3 24 | — | -152.0% | ||
| Q2 24 | -0.9% | — | ||
| Q1 24 | -16.0% | — |
| Q4 25 | $-0.04 | $-0.02 | ||
| Q3 25 | $-0.65 | $-0.04 | ||
| Q2 25 | $0.11 | $-0.04 | ||
| Q1 25 | $0.09 | $-0.03 | ||
| Q4 24 | $-0.13 | $-0.07 | ||
| Q3 24 | — | $-0.21 | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.40 | — |
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 | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $-12.2M |
| Total Assets | $268.1M | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $8.0M | ||
| Q3 25 | $106.0M | $5.7M | ||
| Q2 25 | $117.2M | $1.9M | ||
| Q1 25 | $112.0M | $6.8M | ||
| Q4 24 | $113.0M | $7.1M | ||
| Q3 24 | $129.0M | $8.6M | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $-12.2M | ||
| Q3 25 | $256.2M | $-11.8M | ||
| Q2 25 | $264.5M | $-15.1M | ||
| Q1 25 | $265.9M | $-15.9M | ||
| Q4 24 | $267.4M | $-15.1M | ||
| Q3 24 | $275.8M | $-10.9M | ||
| Q2 24 | $274.6M | — | ||
| Q1 24 | $279.2M | — |
| Q4 25 | $268.1M | $91.3M | ||
| Q3 25 | $306.2M | $58.7M | ||
| Q2 25 | $314.7M | $38.2M | ||
| Q1 25 | $310.9M | $38.6M | ||
| Q4 24 | $303.2M | $38.6M | ||
| Q3 24 | $315.3M | $43.0M | ||
| Q2 24 | $318.1M | — | ||
| Q1 24 | $315.4M | — |
| 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 | $-2.5M |
| 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.
| Q4 25 | $-1.4M | $-2.5M | ||
| Q3 25 | — | $3.4M | ||
| Q2 25 | $7.9M | $220.7K | ||
| Q1 25 | $3.0M | $-601.1K | ||
| Q4 24 | $7.2M | $-1.3M | ||
| Q3 24 | $22.2M | $203.6K | ||
| Q2 24 | $4.0M | — | ||
| Q1 24 | $-5.7M | — |
| 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 | — |
| 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% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 71.4% | 0.0% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 5.3% | — |
| 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.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
