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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Whitestone REIT (WSR). Click either name above to swap in a different company.
Whitestone REIT is the larger business by last-quarter revenue ($43.9M vs $34.3M, roughly 1.3× Clearfield, Inc.). Whitestone REIT runs the higher net margin — 52.0% vs -1.8%, a 53.8% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs -3.2%). Whitestone REIT produced more free cash flow last quarter ($50.5M vs $-2.4M). Over the past eight quarters, Whitestone REIT's revenue compounded faster (8.7% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
CLFD vs WSR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $43.9M |
| Net Profit | $-614.0K | $22.8M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 53.0% |
| Net Margin | -1.8% | 52.0% |
| Revenue YoY | -3.2% | 7.5% |
| Net Profit YoY | 67.8% | 31.7% |
| EPS (diluted) | $-0.04 | $0.43 |
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 | $43.9M | ||
| Q3 25 | $23.4M | $41.0M | ||
| Q2 25 | $49.9M | $37.9M | ||
| Q1 25 | $47.2M | $38.0M | ||
| Q4 24 | $29.7M | $40.8M | ||
| Q3 24 | $5.6M | $38.6M | ||
| Q2 24 | $48.8M | $37.6M | ||
| Q1 24 | $36.9M | $37.2M |
| Q4 25 | $-614.0K | $22.8M | ||
| Q3 25 | $-9.1M | $18.3M | ||
| Q2 25 | $1.6M | $5.1M | ||
| Q1 25 | $1.3M | $3.7M | ||
| Q4 24 | $-1.9M | $17.3M | ||
| Q3 24 | — | $7.6M | ||
| Q2 24 | $-447.0K | $2.6M | ||
| Q1 24 | $-5.9M | $9.3M |
| 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% | 53.0% | ||
| Q3 25 | 10.3% | 45.5% | ||
| Q2 25 | 3.0% | 13.8% | ||
| Q1 25 | 0.6% | 10.2% | ||
| Q4 24 | -6.9% | 43.3% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | -4.7% | 7.2% | ||
| Q1 24 | -26.4% | 25.9% |
| Q4 25 | -1.8% | 52.0% | ||
| Q3 25 | -38.8% | 44.7% | ||
| Q2 25 | 3.2% | 13.3% | ||
| Q1 25 | 2.8% | 9.7% | ||
| Q4 24 | -6.4% | 42.5% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | -0.9% | 6.9% | ||
| Q1 24 | -16.0% | 25.1% |
| Q4 25 | $-0.04 | $0.43 | ||
| Q3 25 | $-0.65 | $0.35 | ||
| Q2 25 | $0.11 | $0.10 | ||
| Q1 25 | $0.09 | $0.07 | ||
| Q4 24 | $-0.13 | $0.34 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | $-0.04 | $0.05 | ||
| Q1 24 | $-0.40 | $0.18 |
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 | $4.9M |
| Total DebtLower is stronger | — | $649.4M |
| Stockholders' EquityBook value | $249.7M | $458.1M |
| Total Assets | $268.1M | $1.2B |
| Debt / EquityLower = less leverage | — | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $4.9M | ||
| Q3 25 | $106.0M | $6.8M | ||
| Q2 25 | $117.2M | $5.3M | ||
| Q1 25 | $112.0M | $5.6M | ||
| Q4 24 | $113.0M | $5.2M | ||
| Q3 24 | $129.0M | $2.5M | ||
| Q2 24 | $123.8M | $3.2M | ||
| Q1 24 | $142.9M | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $458.1M | ||
| Q3 25 | $256.2M | $439.5M | ||
| Q2 25 | $264.5M | $427.5M | ||
| Q1 25 | $265.9M | $431.0M | ||
| Q4 24 | $267.4M | $438.2M | ||
| Q3 24 | $275.8M | $419.5M | ||
| Q2 24 | $274.6M | $418.3M | ||
| Q1 24 | $279.2M | $421.6M |
| Q4 25 | $268.1M | $1.2B | ||
| Q3 25 | $306.2M | $1.1B | ||
| Q2 25 | $314.7M | $1.2B | ||
| Q1 25 | $310.9M | $1.1B | ||
| Q4 24 | $303.2M | $1.1B | ||
| Q3 24 | $315.3M | $1.1B | ||
| Q2 24 | $318.1M | $1.1B | ||
| Q1 24 | $315.4M | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| 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 | $50.8M |
| Free Cash FlowOCF − Capex | $-2.4M | $50.5M |
| FCF MarginFCF / Revenue | -7.1% | 114.9% |
| Capex IntensityCapex / Revenue | 2.9% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $50.8M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $7.9M | $13.8M | ||
| Q1 25 | $3.0M | $3.1M | ||
| Q4 24 | $7.2M | $58.2M | ||
| Q3 24 | $22.2M | $16.4M | ||
| Q2 24 | $4.0M | $12.3M | ||
| Q1 24 | $-5.7M | $11.5M |
| Q4 25 | $-2.4M | $50.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $654.0K | — | ||
| Q4 24 | $5.1M | $58.0M | ||
| Q3 24 | $18.2M | — | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $-7.7M | — |
| Q4 25 | -7.1% | 114.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 17.1% | 142.1% | ||
| Q3 24 | 323.0% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -20.8% | — |
| Q4 25 | 2.9% | 0.7% | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 7.0% | 0.5% | ||
| Q3 24 | 71.4% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | 4.93× | 2.74× | ||
| Q1 25 | 2.30× | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
