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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $33.9M, roughly 1.0× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -1.8%, a 10.4% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -3.2%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-2.4M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
CLFD vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $33.9M |
| Net Profit | $-614.0K | $2.9M |
| Gross Margin | 33.2% | 76.7% |
| Operating Margin | -5.3% | 11.6% |
| Net Margin | -1.8% | 8.7% |
| Revenue YoY | -3.2% | -0.1% |
| Net Profit YoY | 67.8% | -19.6% |
| EPS (diluted) | $-0.04 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $23.4M | $33.9M | ||
| Q2 25 | $49.9M | $35.7M | ||
| Q1 25 | $47.2M | $36.3M | ||
| Q4 24 | $29.7M | $33.9M | ||
| Q3 24 | $5.6M | $34.9M | ||
| Q2 24 | $48.8M | $34.0M | ||
| Q1 24 | $36.9M | $34.9M |
| Q4 25 | $-614.0K | $2.9M | ||
| Q3 25 | $-9.1M | $3.2M | ||
| Q2 25 | $1.6M | $4.6M | ||
| Q1 25 | $1.3M | $5.2M | ||
| Q4 24 | $-1.9M | $3.6M | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | $-447.0K | $3.4M | ||
| Q1 24 | $-5.9M | $4.2M |
| Q4 25 | 33.2% | 76.7% | ||
| Q3 25 | 53.2% | 78.3% | ||
| Q2 25 | 30.5% | 79.5% | ||
| Q1 25 | 30.1% | 80.1% | ||
| Q4 24 | 29.2% | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | 21.9% | 78.9% | ||
| Q1 24 | 7.7% | 79.5% |
| Q4 25 | -5.3% | 11.6% | ||
| Q3 25 | 10.3% | 12.9% | ||
| Q2 25 | 3.0% | 15.1% | ||
| Q1 25 | 0.6% | 16.6% | ||
| Q4 24 | -6.9% | 13.7% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | -4.7% | 13.2% | ||
| Q1 24 | -26.4% | 14.0% |
| Q4 25 | -1.8% | 8.7% | ||
| Q3 25 | -38.8% | 9.5% | ||
| Q2 25 | 3.2% | 12.8% | ||
| Q1 25 | 2.8% | 14.3% | ||
| Q4 24 | -6.4% | 10.8% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | -0.9% | 10.1% | ||
| Q1 24 | -16.0% | 12.1% |
| Q4 25 | $-0.04 | $0.13 | ||
| Q3 25 | $-0.65 | $0.15 | ||
| Q2 25 | $0.11 | $0.22 | ||
| Q1 25 | $0.09 | $0.25 | ||
| Q4 24 | $-0.13 | $0.17 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | $-0.04 | $0.17 | ||
| Q1 24 | $-0.40 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $146.4M |
| Total Assets | $268.1M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $25.3M | ||
| Q3 25 | $106.0M | $21.4M | ||
| Q2 25 | $117.2M | $20.2M | ||
| Q1 25 | $112.0M | $19.9M | ||
| Q4 24 | $113.0M | $29.1M | ||
| Q3 24 | $129.0M | $27.8M | ||
| Q2 24 | $123.8M | $23.9M | ||
| Q1 24 | $142.9M | $23.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $146.4M | ||
| Q3 25 | $256.2M | $148.7M | ||
| Q2 25 | $264.5M | $150.9M | ||
| Q1 25 | $265.9M | $151.7M | ||
| Q4 24 | $267.4M | $154.7M | ||
| Q3 24 | $275.8M | $156.3M | ||
| Q2 24 | $274.6M | $158.2M | ||
| Q1 24 | $279.2M | $160.2M |
| Q4 25 | $268.1M | $206.1M | ||
| Q3 25 | $306.2M | $209.7M | ||
| Q2 25 | $314.7M | $208.7M | ||
| Q1 25 | $310.9M | $204.5M | ||
| Q4 24 | $303.2M | $217.1M | ||
| Q3 24 | $315.3M | $216.8M | ||
| Q2 24 | $318.1M | $216.4M | ||
| Q1 24 | $315.4M | $215.0M |
| 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 | $11.5M |
| Free Cash FlowOCF − Capex | $-2.4M | $10.1M |
| FCF MarginFCF / Revenue | -7.1% | 29.9% |
| Capex IntensityCapex / Revenue | 2.9% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $11.5M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | $7.9M | $7.0M | ||
| Q1 25 | $3.0M | $2.3M | ||
| Q4 24 | $7.2M | $8.4M | ||
| Q3 24 | $22.2M | $11.1M | ||
| Q2 24 | $4.0M | $7.4M | ||
| Q1 24 | $-5.7M | $2.0M |
| Q4 25 | $-2.4M | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | $7.5M | $6.0M | ||
| Q1 25 | $654.0K | $1.5M | ||
| Q4 24 | $5.1M | $7.5M | ||
| Q3 24 | $18.2M | $10.3M | ||
| Q2 24 | $2.8M | $6.8M | ||
| Q1 24 | $-7.7M | $1.1M |
| Q4 25 | -7.1% | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | 15.1% | 16.8% | ||
| Q1 25 | 1.4% | 4.2% | ||
| Q4 24 | 17.1% | 22.3% | ||
| Q3 24 | 323.0% | 29.4% | ||
| Q2 24 | 5.8% | 20.0% | ||
| Q1 24 | -20.8% | 3.2% |
| Q4 25 | 2.9% | 4.1% | ||
| Q3 25 | 2.0% | 1.6% | ||
| Q2 25 | 0.8% | 2.9% | ||
| Q1 25 | 5.1% | 2.1% | ||
| Q4 24 | 7.0% | 2.5% | ||
| Q3 24 | 71.4% | 2.4% | ||
| Q2 24 | 2.5% | 1.9% | ||
| Q1 24 | 5.3% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | 4.93× | 1.55× | ||
| Q1 25 | 2.30× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
