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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and SUNation Energy, Inc. (SUNE). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $27.2M, roughly 1.3× SUNation Energy, Inc.). SUNation Energy, Inc. runs the higher net margin — 9.6% vs -1.8%, a 11.4% gap on every dollar of revenue. On growth, SUNation Energy, Inc. posted the faster year-over-year revenue change (77.0% vs -3.2%). Over the past eight quarters, SUNation Energy, Inc.'s revenue compounded faster (43.5% CAGR vs -3.5%).

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.

CLFD vs SUNE — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.3× larger
CLFD
$34.3M
$27.2M
SUNE
Growing faster (revenue YoY)
SUNE
SUNE
+80.2% gap
SUNE
77.0%
-3.2%
CLFD
Higher net margin
SUNE
SUNE
11.4% more per $
SUNE
9.6%
-1.8%
CLFD
Faster 2-yr revenue CAGR
SUNE
SUNE
Annualised
SUNE
43.5%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
SUNE
SUNE
Revenue
$34.3M
$27.2M
Net Profit
$-614.0K
$2.6M
Gross Margin
33.2%
40.7%
Operating Margin
-5.3%
10.7%
Net Margin
-1.8%
9.6%
Revenue YoY
-3.2%
77.0%
Net Profit YoY
67.8%
138.2%
EPS (diluted)
$-0.04
$105.59

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.

Revenue
CLFD
CLFD
SUNE
SUNE
Q4 25
$34.3M
$27.2M
Q3 25
$23.4M
$19.0M
Q2 25
$49.9M
$13.1M
Q1 25
$47.2M
$12.6M
Q4 24
$29.7M
$15.4M
Q3 24
$5.6M
$14.7M
Q2 24
$48.8M
$13.5M
Q1 24
$36.9M
$13.2M
Net Profit
CLFD
CLFD
SUNE
SUNE
Q4 25
$-614.0K
$2.6M
Q3 25
$-9.1M
$-393.0K
Q2 25
$1.6M
$-9.6M
Q1 25
$1.3M
$-3.5M
Q4 24
$-1.9M
$-6.8M
Q3 24
$-3.3M
Q2 24
$-447.0K
$-6.9M
Q1 24
$-5.9M
$1.2M
Gross Margin
CLFD
CLFD
SUNE
SUNE
Q4 25
33.2%
40.7%
Q3 25
53.2%
38.0%
Q2 25
30.5%
37.0%
Q1 25
30.1%
35.1%
Q4 24
29.2%
36.4%
Q3 24
35.6%
Q2 24
21.9%
35.4%
Q1 24
7.7%
36.4%
Operating Margin
CLFD
CLFD
SUNE
SUNE
Q4 25
-5.3%
10.7%
Q3 25
10.3%
-1.3%
Q2 25
3.0%
-16.6%
Q1 25
0.6%
-17.2%
Q4 24
-6.9%
-42.3%
Q3 24
-10.9%
Q2 24
-4.7%
-15.0%
Q1 24
-26.4%
-16.5%
Net Margin
CLFD
CLFD
SUNE
SUNE
Q4 25
-1.8%
9.6%
Q3 25
-38.8%
-2.1%
Q2 25
3.2%
-73.5%
Q1 25
2.8%
-27.7%
Q4 24
-6.4%
-44.4%
Q3 24
-22.4%
Q2 24
-0.9%
-51.2%
Q1 24
-16.0%
9.1%
EPS (diluted)
CLFD
CLFD
SUNE
SUNE
Q4 25
$-0.04
$105.59
Q3 25
$-0.65
$-0.12
Q2 25
$0.11
$-3.14
Q1 25
$0.09
$-106.71
Q4 24
$-0.13
$41676.94
Q3 24
$-2350.12
Q2 24
$-0.04
$-11022.91
Q1 24
$-0.40
$-38414.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLFD
CLFD
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$96.4M
$7.2M
Total DebtLower is stronger
$6.6M
Stockholders' EquityBook value
$249.7M
$24.3M
Total Assets
$268.1M
$48.2M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
SUNE
SUNE
Q4 25
$96.4M
$7.2M
Q3 25
$106.0M
$5.4M
Q2 25
$117.2M
$3.2M
Q1 25
$112.0M
$1.4M
Q4 24
$113.0M
$839.3K
Q3 24
$129.0M
$1.1M
Q2 24
$123.8M
$1.0M
Q1 24
$142.9M
$1.8M
Total Debt
CLFD
CLFD
SUNE
SUNE
Q4 25
$6.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
SUNE
SUNE
Q4 25
$249.7M
$24.3M
Q3 25
$256.2M
$21.7M
Q2 25
$264.5M
$22.1M
Q1 25
$265.9M
$14.8M
Q4 24
$267.4M
$8.5M
Q3 24
$275.8M
$13.1M
Q2 24
$274.6M
$-10.9M
Q1 24
$279.2M
$-11.2M
Total Assets
CLFD
CLFD
SUNE
SUNE
Q4 25
$268.1M
$48.2M
Q3 25
$306.2M
$49.6M
Q2 25
$314.7M
$44.1M
Q1 25
$310.9M
$44.4M
Q4 24
$303.2M
$45.7M
Q3 24
$315.3M
$51.0M
Q2 24
$318.1M
$52.9M
Q1 24
$315.4M
$54.7M
Debt / Equity
CLFD
CLFD
SUNE
SUNE
Q4 25
0.27×
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
CLFD
CLFD
SUNE
SUNE
Operating Cash FlowLast quarter
$-1.4M
$2.1M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
SUNE
SUNE
Q4 25
$-1.4M
$2.1M
Q3 25
$2.4M
Q2 25
$7.9M
$-130.2K
Q1 25
$3.0M
$-3.4M
Q4 24
$7.2M
$-1.9M
Q3 24
$22.2M
$-968.1K
Q2 24
$4.0M
$-776.4K
Q1 24
$-5.7M
$-2.6M
Free Cash Flow
CLFD
CLFD
SUNE
SUNE
Q4 25
$-2.4M
Q3 25
$2.4M
Q2 25
$7.5M
Q1 25
$654.0K
Q4 24
$5.1M
$-1.9M
Q3 24
$18.2M
$-980.3K
Q2 24
$2.8M
$-788.4K
Q1 24
$-7.7M
$-2.7M
FCF Margin
CLFD
CLFD
SUNE
SUNE
Q4 25
-7.1%
Q3 25
12.5%
Q2 25
15.1%
Q1 25
1.4%
Q4 24
17.1%
-12.4%
Q3 24
323.0%
-6.7%
Q2 24
5.8%
-5.8%
Q1 24
-20.8%
-20.1%
Capex Intensity
CLFD
CLFD
SUNE
SUNE
Q4 25
2.9%
Q3 25
2.0%
0.0%
Q2 25
0.8%
Q1 25
5.1%
Q4 24
7.0%
0.0%
Q3 24
71.4%
0.1%
Q2 24
2.5%
0.1%
Q1 24
5.3%
0.0%
Cash Conversion
CLFD
CLFD
SUNE
SUNE
Q4 25
0.81×
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
Q3 24
Q2 24
Q1 24
-2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

SUNE
SUNE

Transferred At Point In Time$15.1M55%
Hawaii Energy Connection$10.0M37%
Transferred Over Time$2.1M8%

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