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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and WESTWOOD HOLDINGS GROUP INC (WHG). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $27.1M, roughly 1.3× WESTWOOD HOLDINGS GROUP INC). WESTWOOD HOLDINGS GROUP INC runs the higher net margin — 6.8% vs -1.8%, a 8.6% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -41.7%). WESTWOOD HOLDINGS GROUP INC produced more free cash flow last quarter ($18.8M vs $-2.4M). Over the past eight quarters, WESTWOOD HOLDINGS GROUP INC's revenue compounded faster (9.2% CAGR vs -3.5%).

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

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

CLFD vs WHG — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.3× larger
CLFD
$34.3M
$27.1M
WHG
Growing faster (revenue YoY)
CLFD
CLFD
+38.5% gap
CLFD
-3.2%
-41.7%
WHG
Higher net margin
WHG
WHG
8.6% more per $
WHG
6.8%
-1.8%
CLFD
More free cash flow
WHG
WHG
$21.3M more FCF
WHG
$18.8M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
WHG
WHG
Annualised
WHG
9.2%
-3.5%
CLFD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLFD
CLFD
WHG
WHG
Revenue
$34.3M
$27.1M
Net Profit
$-614.0K
$1.8M
Gross Margin
33.2%
Operating Margin
-5.3%
8.0%
Net Margin
-1.8%
6.8%
Revenue YoY
-3.2%
-41.7%
Net Profit YoY
67.8%
-50.5%
EPS (diluted)
$-0.04
$0.21

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
WHG
WHG
Q4 25
$34.3M
$27.1M
Q3 25
$23.4M
$24.3M
Q2 25
$49.9M
$23.1M
Q1 25
$47.2M
$23.3M
Q4 24
$29.7M
$46.5M
Q3 24
$5.6M
$23.7M
Q2 24
$48.8M
$22.7M
Q1 24
$36.9M
$22.7M
Net Profit
CLFD
CLFD
WHG
WHG
Q4 25
$-614.0K
$1.8M
Q3 25
$-9.1M
$3.7M
Q2 25
$1.6M
$1.0M
Q1 25
$1.3M
$478.0K
Q4 24
$-1.9M
$3.7M
Q3 24
$-1.2M
Q2 24
$-447.0K
$-378.0K
Q1 24
$-5.9M
$50.0K
Gross Margin
CLFD
CLFD
WHG
WHG
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%
Operating Margin
CLFD
CLFD
WHG
WHG
Q4 25
-5.3%
8.0%
Q3 25
10.3%
8.3%
Q2 25
3.0%
3.8%
Q1 25
0.6%
-0.3%
Q4 24
-6.9%
10.0%
Q3 24
-2.1%
Q2 24
-4.7%
-18.4%
Q1 24
-26.4%
12.9%
Net Margin
CLFD
CLFD
WHG
WHG
Q4 25
-1.8%
6.8%
Q3 25
-38.8%
15.4%
Q2 25
3.2%
4.5%
Q1 25
2.8%
2.1%
Q4 24
-6.4%
14.5%
Q3 24
-5.0%
Q2 24
-0.9%
-1.7%
Q1 24
-16.0%
0.2%
EPS (diluted)
CLFD
CLFD
WHG
WHG
Q4 25
$-0.04
$0.21
Q3 25
$-0.65
$0.41
Q2 25
$0.11
$0.12
Q1 25
$0.09
$0.05
Q4 24
$-0.13
$0.45
Q3 24
$-0.15
Q2 24
$-0.04
$-0.05
Q1 24
$-0.40
$0.01

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$96.4M
$47.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$125.6M
Total Assets
$268.1M
$162.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
WHG
WHG
Q4 25
$96.4M
$47.7M
Q3 25
$106.0M
$41.3M
Q2 25
$117.2M
$35.2M
Q1 25
$112.0M
$29.1M
Q4 24
$113.0M
$46.5M
Q3 24
$129.0M
$48.3M
Q2 24
$123.8M
$44.1M
Q1 24
$142.9M
$46.6M
Total Debt
CLFD
CLFD
WHG
WHG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
WHG
WHG
Q4 25
$249.7M
$125.6M
Q3 25
$256.2M
$123.9M
Q2 25
$264.5M
$122.4M
Q1 25
$265.9M
$121.4M
Q4 24
$267.4M
$120.3M
Q3 24
$275.8M
$120.4M
Q2 24
$274.6M
$120.5M
Q1 24
$279.2M
$123.8M
Total Assets
CLFD
CLFD
WHG
WHG
Q4 25
$268.1M
$162.3M
Q3 25
$306.2M
$154.0M
Q2 25
$314.7M
$146.3M
Q1 25
$310.9M
$135.0M
Q4 24
$303.2M
$150.0M
Q3 24
$315.3M
$151.5M
Q2 24
$318.1M
$147.4M
Q1 24
$315.4M
$149.0M
Debt / Equity
CLFD
CLFD
WHG
WHG
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
WHG
WHG
Operating Cash FlowLast quarter
$-1.4M
$18.9M
Free Cash FlowOCF − Capex
$-2.4M
$18.8M
FCF MarginFCF / Revenue
-7.1%
69.5%
Capex IntensityCapex / Revenue
2.9%
0.3%
Cash ConversionOCF / Net Profit
10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
WHG
WHG
Q4 25
$-1.4M
$18.9M
Q3 25
$8.5M
Q2 25
$7.9M
$7.3M
Q1 25
$3.0M
$-4.9M
Q4 24
$7.2M
$21.1M
Q3 24
$22.2M
$529.0K
Q2 24
$4.0M
$3.6M
Q1 24
$-5.7M
$8.1M
Free Cash Flow
CLFD
CLFD
WHG
WHG
Q4 25
$-2.4M
$18.8M
Q3 25
$8.5M
Q2 25
$7.5M
Q1 25
$654.0K
$-4.9M
Q4 24
$5.1M
$21.0M
Q3 24
$18.2M
$519.0K
Q2 24
$2.8M
$3.5M
Q1 24
$-7.7M
$8.1M
FCF Margin
CLFD
CLFD
WHG
WHG
Q4 25
-7.1%
69.5%
Q3 25
34.8%
Q2 25
15.1%
Q1 25
1.4%
-21.1%
Q4 24
17.1%
45.2%
Q3 24
323.0%
2.2%
Q2 24
5.8%
15.6%
Q1 24
-20.8%
35.8%
Capex Intensity
CLFD
CLFD
WHG
WHG
Q4 25
2.9%
0.3%
Q3 25
2.0%
0.3%
Q2 25
0.8%
0.0%
Q1 25
5.1%
0.0%
Q4 24
7.0%
0.2%
Q3 24
71.4%
0.0%
Q2 24
2.5%
0.1%
Q1 24
5.3%
0.0%
Cash Conversion
CLFD
CLFD
WHG
WHG
Q4 25
10.29×
Q3 25
2.29×
Q2 25
4.93×
7.08×
Q1 25
2.30×
-10.25×
Q4 24
5.69×
Q3 24
Q2 24
Q1 24
162.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

WHG
WHG

Advisory$21.0M78%
Fiduciary And Trust$5.6M21%

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