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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $34.3M, roughly 1.5× Clearfield, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -1.8%, a 69.1% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -3.2%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-2.4M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
CLFD vs VEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $51.6M |
| Net Profit | $-614.0K | $34.8M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 97.0% |
| Net Margin | -1.8% | 67.3% |
| Revenue YoY | -3.2% | 32.8% |
| Net Profit YoY | 67.8% | 67.0% |
| EPS (diluted) | $-0.04 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $23.4M | $49.1M | ||
| Q2 25 | $49.9M | $47.6M | ||
| Q1 25 | $47.2M | $37.5M | ||
| Q4 24 | $29.7M | $38.9M | ||
| Q3 24 | $5.6M | $35.1M | ||
| Q2 24 | $48.8M | $32.4M | ||
| Q1 24 | $36.9M | $29.5M |
| Q4 25 | $-614.0K | $34.8M | ||
| Q3 25 | $-9.1M | $25.4M | ||
| Q2 25 | $1.6M | $26.0M | ||
| Q1 25 | $1.3M | $18.9M | ||
| Q4 24 | $-1.9M | $20.8M | ||
| Q3 24 | — | $15.8M | ||
| Q2 24 | $-447.0K | $14.8M | ||
| Q1 24 | $-5.9M | $17.3M |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 30.1% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | 97.0% | ||
| Q3 25 | 10.3% | 72.1% | ||
| Q2 25 | 3.0% | 71.3% | ||
| Q1 25 | 0.6% | 71.7% | ||
| Q4 24 | -6.9% | 82.5% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | -4.7% | 61.3% | ||
| Q1 24 | -26.4% | 78.8% |
| Q4 25 | -1.8% | 67.3% | ||
| Q3 25 | -38.8% | 51.7% | ||
| Q2 25 | 3.2% | 54.6% | ||
| Q1 25 | 2.8% | 50.4% | ||
| Q4 24 | -6.4% | 53.5% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | -0.9% | 45.6% | ||
| Q1 24 | -16.0% | 58.5% |
| Q4 25 | $-0.04 | $0.90 | ||
| Q3 25 | $-0.65 | $0.65 | ||
| Q2 25 | $0.11 | $0.69 | ||
| Q1 25 | $0.09 | $0.51 | ||
| Q4 24 | $-0.13 | $0.56 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | $-0.04 | $0.42 | ||
| Q1 24 | $-0.40 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $672.5M |
| Total Assets | $268.1M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $92.1M | ||
| Q3 25 | $106.0M | $99.0M | ||
| Q2 25 | $117.2M | $79.6M | ||
| Q1 25 | $112.0M | $51.7M | ||
| Q4 24 | $113.0M | $49.9M | ||
| Q3 24 | $129.0M | $44.1M | ||
| Q2 24 | $123.8M | $47.4M | ||
| Q1 24 | $142.9M | $34.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $672.5M | ||
| Q3 25 | $256.2M | $634.3M | ||
| Q2 25 | $264.5M | $597.9M | ||
| Q1 25 | $265.9M | $563.2M | ||
| Q4 24 | $267.4M | $516.9M | ||
| Q3 24 | $275.8M | $484.6M | ||
| Q2 24 | $274.6M | $471.3M | ||
| Q1 24 | $279.2M | $452.9M |
| Q4 25 | $268.1M | $7.4B | ||
| Q3 25 | $306.2M | $7.0B | ||
| Q2 25 | $314.7M | $6.5B | ||
| Q1 25 | $310.9M | $6.0B | ||
| Q4 24 | $303.2M | $5.5B | ||
| Q3 24 | $315.3M | $5.2B | ||
| Q2 24 | $318.1M | $4.9B | ||
| Q1 24 | $315.4M | $4.6B |
| 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 | $18.2M |
| Free Cash FlowOCF − Capex | $-2.4M | $17.9M |
| FCF MarginFCF / Revenue | -7.1% | 34.6% |
| Capex IntensityCapex / Revenue | 2.9% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $18.2M | ||
| Q3 25 | — | $11.5M | ||
| Q2 25 | $7.9M | $7.7M | ||
| Q1 25 | $3.0M | $3.5M | ||
| Q4 24 | $7.2M | $37.8M | ||
| Q3 24 | $22.2M | $-17.6M | ||
| Q2 24 | $4.0M | $11.5M | ||
| Q1 24 | $-5.7M | $10.6M |
| Q4 25 | $-2.4M | $17.9M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $7.5M | $7.6M | ||
| Q1 25 | $654.0K | $3.5M | ||
| Q4 24 | $5.1M | $37.5M | ||
| Q3 24 | $18.2M | $-17.6M | ||
| Q2 24 | $2.8M | $11.4M | ||
| Q1 24 | $-7.7M | $10.5M |
| Q4 25 | -7.1% | 34.6% | ||
| Q3 25 | — | 23.2% | ||
| Q2 25 | 15.1% | 15.9% | ||
| Q1 25 | 1.4% | 9.2% | ||
| Q4 24 | 17.1% | 96.4% | ||
| Q3 24 | 323.0% | -50.3% | ||
| Q2 24 | 5.8% | 35.1% | ||
| Q1 24 | -20.8% | 35.8% |
| Q4 25 | 2.9% | 0.5% | ||
| Q3 25 | 2.0% | 0.1% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 5.1% | 0.2% | ||
| Q4 24 | 7.0% | 0.7% | ||
| Q3 24 | 71.4% | 0.2% | ||
| Q2 24 | 2.5% | 0.3% | ||
| Q1 24 | 5.3% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 4.93× | 0.29× | ||
| Q1 25 | 2.30× | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
