vs

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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $25.1M, roughly 1.4× TRX GOLD Corp). Clearfield, Inc. runs the higher net margin — -1.8% vs -2.0%, a 0.2% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs -3.2%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs -3.5%).

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

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

CLFD vs TRX — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.4× larger
CLFD
$34.3M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+103.7% gap
TRX
100.5%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
0.2% more per $
CLFD
-1.8%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLFD
CLFD
TRX
TRX
Revenue
$34.3M
$25.1M
Net Profit
$-614.0K
$-496.0K
Gross Margin
33.2%
56.6%
Operating Margin
-5.3%
Net Margin
-1.8%
-2.0%
Revenue YoY
-3.2%
100.5%
Net Profit YoY
67.8%
-123.2%
EPS (diluted)
$-0.04
$-0.01

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
TRX
TRX
Q4 25
$34.3M
$25.1M
Q3 25
$23.4M
Q2 25
$49.9M
$12.5M
Q1 25
$47.2M
$9.1M
Q4 24
$29.7M
$12.5M
Q3 24
$5.6M
Q2 24
$48.8M
$10.1M
Q1 24
$36.9M
$8.0M
Net Profit
CLFD
CLFD
TRX
TRX
Q4 25
$-614.0K
$-496.0K
Q3 25
$-9.1M
Q2 25
$1.6M
$1.1M
Q1 25
$1.3M
$-1.9M
Q4 24
$-1.9M
$2.1M
Q3 24
Q2 24
$-447.0K
$-1.7M
Q1 24
$-5.9M
$1.9M
Gross Margin
CLFD
CLFD
TRX
TRX
Q4 25
33.2%
56.6%
Q3 25
53.2%
Q2 25
30.5%
35.1%
Q1 25
30.1%
23.5%
Q4 24
29.2%
38.6%
Q3 24
Q2 24
21.9%
42.9%
Q1 24
7.7%
41.0%
Operating Margin
CLFD
CLFD
TRX
TRX
Q4 25
-5.3%
Q3 25
10.3%
Q2 25
3.0%
Q1 25
0.6%
Q4 24
-6.9%
Q3 24
Q2 24
-4.7%
Q1 24
-26.4%
Net Margin
CLFD
CLFD
TRX
TRX
Q4 25
-1.8%
-2.0%
Q3 25
-38.8%
Q2 25
3.2%
8.9%
Q1 25
2.8%
-21.3%
Q4 24
-6.4%
17.1%
Q3 24
Q2 24
-0.9%
-16.3%
Q1 24
-16.0%
24.1%
EPS (diluted)
CLFD
CLFD
TRX
TRX
Q4 25
$-0.04
$-0.01
Q3 25
$-0.65
Q2 25
$0.11
$0.00
Q1 25
$0.09
$-0.01
Q4 24
$-0.13
$0.00
Q3 24
Q2 24
$-0.04
$-0.01
Q1 24
$-0.40
$0.00

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$96.4M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$74.5M
Total Assets
$268.1M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
TRX
TRX
Q4 25
$96.4M
$9.2M
Q3 25
$106.0M
Q2 25
$117.2M
$3.6M
Q1 25
$112.0M
$6.0M
Q4 24
$113.0M
$6.8M
Q3 24
$129.0M
Q2 24
$123.8M
$7.7M
Q1 24
$142.9M
$8.0M
Total Debt
CLFD
CLFD
TRX
TRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
TRX
TRX
Q4 25
$249.7M
$74.5M
Q3 25
$256.2M
Q2 25
$264.5M
$69.0M
Q1 25
$265.9M
$67.5M
Q4 24
$267.4M
$68.4M
Q3 24
$275.8M
Q2 24
$274.6M
$62.5M
Q1 24
$279.2M
$63.9M
Total Assets
CLFD
CLFD
TRX
TRX
Q4 25
$268.1M
$129.6M
Q3 25
$306.2M
Q2 25
$314.7M
$112.3M
Q1 25
$310.9M
$106.7M
Q4 24
$303.2M
$102.6M
Q3 24
$315.3M
Q2 24
$318.1M
$92.6M
Q1 24
$315.4M
$88.2M
Debt / Equity
CLFD
CLFD
TRX
TRX
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
CLFD
CLFD
TRX
TRX
Operating Cash FlowLast quarter
$-1.4M
$4.0M
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.

Operating Cash Flow
CLFD
CLFD
TRX
TRX
Q4 25
$-1.4M
$4.0M
Q3 25
Q2 25
$7.9M
$3.4M
Q1 25
$3.0M
$2.0M
Q4 24
$7.2M
$2.4M
Q3 24
$22.2M
Q2 24
$4.0M
$3.1M
Q1 24
$-5.7M
$1.0M
Free Cash Flow
CLFD
CLFD
TRX
TRX
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
FCF Margin
CLFD
CLFD
TRX
TRX
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%
Capex Intensity
CLFD
CLFD
TRX
TRX
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%
Cash Conversion
CLFD
CLFD
TRX
TRX
Q4 25
Q3 25
Q2 25
4.93×
3.10×
Q1 25
2.30×
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

Financial Flow Comparison

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

Related Comparisons