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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and STEM, INC. (STEM). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $34.3M, roughly 1.4× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -33.9%, a 32.1% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
CLFD vs STEM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $47.1M |
| Net Profit | $-614.0K | $-16.0M |
| Gross Margin | 33.2% | 48.9% |
| Operating Margin | -5.3% | -17.7% |
| Net Margin | -1.8% | -33.9% |
| Revenue YoY | -3.2% | -15.6% |
| Net Profit YoY | 67.8% | 68.8% |
| EPS (diluted) | $-0.04 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $23.4M | $38.2M | ||
| Q2 25 | $49.9M | $38.4M | ||
| Q1 25 | $47.2M | $32.5M | ||
| Q4 24 | $29.7M | $55.8M | ||
| Q3 24 | $5.6M | $29.3M | ||
| Q2 24 | $48.8M | $34.0M | ||
| Q1 24 | $36.9M | $25.5M |
| Q4 25 | $-614.0K | $-16.0M | ||
| Q3 25 | $-9.1M | $-23.8M | ||
| Q2 25 | $1.6M | $202.5M | ||
| Q1 25 | $1.3M | $-25.0M | ||
| Q4 24 | $-1.9M | $-51.1M | ||
| Q3 24 | — | $-148.3M | ||
| Q2 24 | $-447.0K | $-582.3M | ||
| Q1 24 | $-5.9M | $-72.3M |
| Q4 25 | 33.2% | 48.9% | ||
| Q3 25 | 53.2% | 35.5% | ||
| Q2 25 | 30.5% | 33.4% | ||
| Q1 25 | 30.1% | 32.4% | ||
| Q4 24 | 29.2% | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | 21.9% | 27.6% | ||
| Q1 24 | 7.7% | -95.0% |
| Q4 25 | -5.3% | -17.7% | ||
| Q3 25 | 10.3% | -33.6% | ||
| Q2 25 | 3.0% | -34.8% | ||
| Q1 25 | 0.6% | -65.0% | ||
| Q4 24 | -6.9% | -84.4% | ||
| Q3 24 | — | -493.2% | ||
| Q2 24 | -4.7% | -1705.5% | ||
| Q1 24 | -26.4% | -267.0% |
| Q4 25 | -1.8% | -33.9% | ||
| Q3 25 | -38.8% | -62.2% | ||
| Q2 25 | 3.2% | 527.8% | ||
| Q1 25 | 2.8% | -76.9% | ||
| Q4 24 | -6.4% | -91.6% | ||
| Q3 24 | — | -506.3% | ||
| Q2 24 | -0.9% | -1712.6% | ||
| Q1 24 | -16.0% | -283.9% |
| Q4 25 | $-0.04 | $-4.40 | ||
| Q3 25 | $-0.65 | $-2.84 | ||
| Q2 25 | $0.11 | $-1.79 | ||
| Q1 25 | $0.09 | $-0.15 | ||
| Q4 24 | $-0.13 | $-15.29 | ||
| Q3 24 | — | $-18.24 | ||
| Q2 24 | $-0.04 | $-71.81 | ||
| Q1 24 | $-0.40 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $-249.4M |
| Total Assets | $268.1M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $48.9M | ||
| Q3 25 | $106.0M | $43.1M | ||
| Q2 25 | $117.2M | $40.8M | ||
| Q1 25 | $112.0M | $58.6M | ||
| Q4 24 | $113.0M | $56.3M | ||
| Q3 24 | $129.0M | $75.4M | ||
| Q2 24 | $123.8M | $89.6M | ||
| Q1 24 | $142.9M | $112.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $-249.4M | ||
| Q3 25 | $256.2M | $-235.7M | ||
| Q2 25 | $264.5M | $-214.1M | ||
| Q1 25 | $265.9M | $-417.5M | ||
| Q4 24 | $267.4M | $-398.4M | ||
| Q3 24 | $275.8M | $-344.1M | ||
| Q2 24 | $274.6M | $-203.2M | ||
| Q1 24 | $279.2M | $371.6M |
| Q4 25 | $268.1M | $308.9M | ||
| Q3 25 | $306.2M | $362.6M | ||
| Q2 25 | $314.7M | $379.2M | ||
| Q1 25 | $310.9M | $405.1M | ||
| Q4 24 | $303.2M | $437.4M | ||
| Q3 24 | $315.3M | $537.8M | ||
| Q2 24 | $318.1M | $691.5M | ||
| Q1 24 | $315.4M | $1.3B |
| 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 | $8.2M |
| 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 | $8.2M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $7.9M | $-21.3M | ||
| Q1 25 | $3.0M | $8.5M | ||
| Q4 24 | $7.2M | $-14.7M | ||
| Q3 24 | $22.2M | $-9.4M | ||
| Q2 24 | $4.0M | $-11.9M | ||
| Q1 24 | $-5.7M | $-621.0K |
| 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% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | -0.11× | ||
| 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.
