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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $26.9M, roughly 1.3× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -1.8%, a 41.0% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -3.2%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-2.4M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
CLFD vs WTBA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $26.9M |
| Net Profit | $-614.0K | $10.6M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | 50.0% |
| Net Margin | -1.8% | 39.2% |
| Revenue YoY | -3.2% | 16.6% |
| Net Profit YoY | 67.8% | 34.8% |
| EPS (diluted) | $-0.04 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $34.3M | $24.2M | ||
| Q3 25 | $23.4M | $25.0M | ||
| Q2 25 | $49.9M | $23.8M | ||
| Q1 25 | $47.2M | $23.1M | ||
| Q4 24 | $29.7M | $20.9M | ||
| Q3 24 | $5.6M | $20.3M | ||
| Q2 24 | $48.8M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-614.0K | $7.4M | ||
| Q3 25 | $-9.1M | $9.3M | ||
| Q2 25 | $1.6M | $8.0M | ||
| Q1 25 | $1.3M | $7.8M | ||
| Q4 24 | $-1.9M | $7.1M | ||
| Q3 24 | — | $6.0M | ||
| Q2 24 | $-447.0K | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | -5.3% | 39.6% | ||
| Q3 25 | 10.3% | 45.8% | ||
| Q2 25 | 3.0% | 43.4% | ||
| Q1 25 | 0.6% | 43.4% | ||
| Q4 24 | -6.9% | 30.9% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | -4.7% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -1.8% | 30.7% | ||
| Q3 25 | -38.8% | 37.3% | ||
| Q2 25 | 3.2% | 33.5% | ||
| Q1 25 | 2.8% | 34.0% | ||
| Q4 24 | -6.4% | 34.0% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | -0.9% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.04 | $0.44 | ||
| Q3 25 | $-0.65 | $0.55 | ||
| Q2 25 | $0.11 | $0.47 | ||
| Q1 25 | $0.09 | $0.46 | ||
| Q4 24 | $-0.13 | $0.41 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | $-0.04 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $270.7M |
| Total Assets | $268.1M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $96.4M | $471.1M | ||
| Q3 25 | $106.0M | $232.9M | ||
| Q2 25 | $117.2M | $345.2M | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | $113.0M | $243.5M | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $249.7M | $266.0M | ||
| Q3 25 | $256.2M | $255.1M | ||
| Q2 25 | $264.5M | $240.9M | ||
| Q1 25 | $265.9M | $237.9M | ||
| Q4 24 | $267.4M | $227.9M | ||
| Q3 24 | $275.8M | $235.4M | ||
| Q2 24 | $274.6M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $268.1M | $4.1B | ||
| Q3 25 | $306.2M | $4.0B | ||
| Q2 25 | $314.7M | $4.1B | ||
| Q1 25 | $310.9M | $4.0B | ||
| Q4 24 | $303.2M | $4.0B | ||
| Q3 24 | $315.3M | $4.0B | ||
| Q2 24 | $318.1M | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-2.4M | $12.4M |
| FCF MarginFCF / Revenue | -7.1% | 46.0% |
| Capex IntensityCapex / Revenue | 2.9% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-1.4M | $46.5M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $7.9M | $13.5M | ||
| Q1 25 | $3.0M | $9.7M | ||
| Q4 24 | $7.2M | $39.8M | ||
| Q3 24 | $22.2M | $12.9M | ||
| Q2 24 | $4.0M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-2.4M | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | $7.5M | $12.8M | ||
| Q1 25 | $654.0K | $8.3M | ||
| Q4 24 | $5.1M | $13.7M | ||
| Q3 24 | $18.2M | $7.0M | ||
| Q2 24 | $2.8M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -7.1% | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | 15.1% | 53.6% | ||
| Q1 25 | 1.4% | 35.7% | ||
| Q4 24 | 17.1% | 65.6% | ||
| Q3 24 | 323.0% | 34.2% | ||
| Q2 24 | 5.8% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 2.9% | 13.7% | ||
| Q3 25 | 2.0% | 2.6% | ||
| Q2 25 | 0.8% | 3.2% | ||
| Q1 25 | 5.1% | 6.5% | ||
| Q4 24 | 7.0% | 125.3% | ||
| Q3 24 | 71.4% | 29.4% | ||
| Q2 24 | 2.5% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | 4.93× | 1.70× | ||
| Q1 25 | 2.30× | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
