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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $17.6M, roughly 2.0× Taoping Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -26.6%, a 24.8% gap on every dollar of revenue. On growth, Taoping Inc. posted the faster year-over-year revenue change (-2.6% vs -3.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-2.8M).

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

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

CLFD vs TAOP — Head-to-Head

Bigger by revenue
CLFD
CLFD
2.0× larger
CLFD
$34.3M
$17.6M
TAOP
Growing faster (revenue YoY)
TAOP
TAOP
+0.6% gap
TAOP
-2.6%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
24.8% more per $
CLFD
-1.8%
-26.6%
TAOP
More free cash flow
CLFD
CLFD
$387.5K more FCF
CLFD
$-2.4M
$-2.8M
TAOP

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
CLFD
CLFD
TAOP
TAOP
Revenue
$34.3M
$17.6M
Net Profit
$-614.0K
$-4.7M
Gross Margin
33.2%
10.1%
Operating Margin
-5.3%
-23.8%
Net Margin
-1.8%
-26.6%
Revenue YoY
-3.2%
-2.6%
Net Profit YoY
67.8%
-894.8%
EPS (diluted)
$-0.04
$-6.54

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
TAOP
TAOP
Q4 25
$34.3M
Q3 25
$23.4M
Q2 25
$49.9M
$17.6M
Q1 25
$47.2M
Q4 24
$29.7M
$18.6M
Q3 24
$5.6M
Q2 24
$48.8M
$18.1M
Q1 24
$36.9M
Net Profit
CLFD
CLFD
TAOP
TAOP
Q4 25
$-614.0K
Q3 25
$-9.1M
Q2 25
$1.6M
$-4.7M
Q1 25
$1.3M
Q4 24
$-1.9M
$-2.4M
Q3 24
Q2 24
$-447.0K
$588.7K
Q1 24
$-5.9M
Gross Margin
CLFD
CLFD
TAOP
TAOP
Q4 25
33.2%
Q3 25
53.2%
Q2 25
30.5%
10.1%
Q1 25
30.1%
Q4 24
29.2%
19.5%
Q3 24
Q2 24
21.9%
22.9%
Q1 24
7.7%
Operating Margin
CLFD
CLFD
TAOP
TAOP
Q4 25
-5.3%
Q3 25
10.3%
Q2 25
3.0%
-23.8%
Q1 25
0.6%
Q4 24
-6.9%
-8.0%
Q3 24
Q2 24
-4.7%
-0.7%
Q1 24
-26.4%
Net Margin
CLFD
CLFD
TAOP
TAOP
Q4 25
-1.8%
Q3 25
-38.8%
Q2 25
3.2%
-26.6%
Q1 25
2.8%
Q4 24
-6.4%
-13.0%
Q3 24
Q2 24
-0.9%
3.3%
Q1 24
-16.0%
EPS (diluted)
CLFD
CLFD
TAOP
TAOP
Q4 25
$-0.04
Q3 25
$-0.65
Q2 25
$0.11
$-6.54
Q1 25
$0.09
Q4 24
$-0.13
$-3.58
Q3 24
Q2 24
$-0.04
$3.29
Q1 24
$-0.40

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
TAOP
TAOP
Cash + ST InvestmentsLiquidity on hand
$96.4M
$2.2M
Total DebtLower is stronger
$5.8M
Stockholders' EquityBook value
$249.7M
$14.5M
Total Assets
$268.1M
$30.3M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
TAOP
TAOP
Q4 25
$96.4M
Q3 25
$106.0M
Q2 25
$117.2M
$2.2M
Q1 25
$112.0M
Q4 24
$113.0M
$1.6M
Q3 24
$129.0M
Q2 24
$123.8M
$480.3K
Q1 24
$142.9M
Total Debt
CLFD
CLFD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
$5.8M
Q1 25
Q4 24
$5.8M
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
TAOP
TAOP
Q4 25
$249.7M
Q3 25
$256.2M
Q2 25
$264.5M
$14.5M
Q1 25
$265.9M
Q4 24
$267.4M
$15.9M
Q3 24
$275.8M
Q2 24
$274.6M
$15.8M
Q1 24
$279.2M
Total Assets
CLFD
CLFD
TAOP
TAOP
Q4 25
$268.1M
Q3 25
$306.2M
Q2 25
$314.7M
$30.3M
Q1 25
$310.9M
Q4 24
$303.2M
$35.1M
Q3 24
$315.3M
Q2 24
$318.1M
$34.1M
Q1 24
$315.4M
Debt / Equity
CLFD
CLFD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
0.40×
Q1 25
Q4 24
0.37×
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
TAOP
TAOP
Operating Cash FlowLast quarter
$-1.4M
$-1.5M
Free Cash FlowOCF − Capex
$-2.4M
$-2.8M
FCF MarginFCF / Revenue
-7.1%
-16.0%
Capex IntensityCapex / Revenue
2.9%
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
TAOP
TAOP
Q4 25
$-1.4M
Q3 25
Q2 25
$7.9M
$-1.5M
Q1 25
$3.0M
Q4 24
$7.2M
$147.4K
Q3 24
$22.2M
Q2 24
$4.0M
$-2.5M
Q1 24
$-5.7M
Free Cash Flow
CLFD
CLFD
TAOP
TAOP
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
$-2.8M
Q1 25
$654.0K
Q4 24
$5.1M
$-129.3K
Q3 24
$18.2M
Q2 24
$2.8M
$-3.3M
Q1 24
$-7.7M
FCF Margin
CLFD
CLFD
TAOP
TAOP
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
-16.0%
Q1 25
1.4%
Q4 24
17.1%
-0.7%
Q3 24
323.0%
Q2 24
5.8%
-18.3%
Q1 24
-20.8%
Capex Intensity
CLFD
CLFD
TAOP
TAOP
Q4 25
2.9%
Q3 25
2.0%
Q2 25
0.8%
7.6%
Q1 25
5.1%
Q4 24
7.0%
1.5%
Q3 24
71.4%
Q2 24
2.5%
4.3%
Q1 24
5.3%
Cash Conversion
CLFD
CLFD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
Q3 24
Q2 24
-4.30×
Q1 24

Financial Flow Comparison

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

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