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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $18.6M, roughly 1.8× Zeo Energy Corp.). Clearfield, Inc. runs the higher net margin — -1.8% vs -10.8%, a 9.0% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -3.2%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-2.4M). Over the past eight quarters, Clearfield, Inc.'s revenue compounded faster (-3.5% CAGR vs -4.0%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
CLFD vs ZEO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $18.6M |
| Net Profit | $-614.0K | $-2.0M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | -11.8% |
| Net Margin | -1.8% | -10.8% |
| Revenue YoY | -3.2% | -0.4% |
| Net Profit YoY | 67.8% | -360.9% |
| EPS (diluted) | $-0.04 | — |
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 | $18.6M | ||
| Q3 25 | $23.4M | $23.9M | ||
| Q2 25 | $49.9M | $18.1M | ||
| Q1 25 | $47.2M | $8.8M | ||
| Q4 24 | $29.7M | $18.6M | ||
| Q3 24 | $5.6M | $19.7M | ||
| Q2 24 | $48.8M | $14.8M | ||
| Q1 24 | $36.9M | $20.1M |
| Q4 25 | $-614.0K | $-2.0M | ||
| Q3 25 | $-9.1M | $-3.2M | ||
| Q2 25 | $1.6M | $-2.4M | ||
| Q1 25 | $1.3M | $-6.4M | ||
| Q4 24 | $-1.9M | $-435.3K | ||
| Q3 24 | — | $-424.3K | ||
| Q2 24 | $-447.0K | $-277.8K | ||
| Q1 24 | $-5.9M | $-1.5M |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 53.2% | 57.9% | ||
| Q2 25 | 30.5% | 59.8% | ||
| Q1 25 | 30.1% | 99.3% | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | 21.9% | 52.3% | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | -11.8% | ||
| Q3 25 | 10.3% | -8.3% | ||
| Q2 25 | 3.0% | -15.8% | ||
| Q1 25 | 0.6% | -153.8% | ||
| Q4 24 | -6.9% | -6.0% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | -4.7% | -18.0% | ||
| Q1 24 | -26.4% | -20.1% |
| Q4 25 | -1.8% | -10.8% | ||
| Q3 25 | -38.8% | -13.5% | ||
| Q2 25 | 3.2% | -13.3% | ||
| Q1 25 | 2.8% | -72.4% | ||
| Q4 24 | -6.4% | -2.3% | ||
| Q3 24 | — | -2.2% | ||
| Q2 24 | -0.9% | -1.9% | ||
| Q1 24 | -16.0% | -7.6% |
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $-0.65 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $0.09 | $-0.48 | ||
| Q4 24 | $-0.13 | $1.11 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | $-0.04 | $0.03 | ||
| Q1 24 | $-0.40 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $249.7M | $5.3M |
| Total Assets | $268.1M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $6.1M | ||
| Q3 25 | $106.0M | $3.9M | ||
| Q2 25 | $117.2M | $68.7K | ||
| Q1 25 | $112.0M | $2.9M | ||
| Q4 24 | $113.0M | $5.6M | ||
| Q3 24 | $129.0M | $4.3M | ||
| Q2 24 | $123.8M | $5.3M | ||
| Q1 24 | $142.9M | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | $2.2M | $858.6K | ||
| Q2 24 | $2.1M | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $249.7M | $5.3M | ||
| Q3 25 | $256.2M | $-1.7M | ||
| Q2 25 | $264.5M | $-59.4M | ||
| Q1 25 | $265.9M | $-23.1M | ||
| Q4 24 | $267.4M | $-88.9M | ||
| Q3 24 | $275.8M | $-39.3M | ||
| Q2 24 | $274.6M | $-53.0M | ||
| Q1 24 | $279.2M | $-173.0M |
| Q4 25 | $268.1M | $56.9M | ||
| Q3 25 | $306.2M | $58.5M | ||
| Q2 25 | $314.7M | $46.2M | ||
| Q1 25 | $310.9M | $47.4M | ||
| Q4 24 | $303.2M | $61.0M | ||
| Q3 24 | $315.3M | $47.1M | ||
| Q2 24 | $318.1M | $49.1M | ||
| Q1 24 | $315.4M | $50.1M |
| Q4 25 | — | 0.01× | ||
| 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 | $2.4M |
| Free Cash FlowOCF − Capex | $-2.4M | $2.3M |
| FCF MarginFCF / Revenue | -7.1% | 12.2% |
| Capex IntensityCapex / Revenue | 2.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $2.4M | ||
| Q3 25 | — | $-6.6M | ||
| Q2 25 | $7.9M | $-2.3M | ||
| Q1 25 | $3.0M | $-2.3M | ||
| Q4 24 | $7.2M | $3.5M | ||
| Q3 24 | $22.2M | $162.2K | ||
| Q2 24 | $4.0M | $-2.2M | ||
| Q1 24 | $-5.7M | $-10.2M |
| Q4 25 | $-2.4M | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | $7.5M | $-2.7M | ||
| Q1 25 | $654.0K | $-2.6M | ||
| Q4 24 | $5.1M | $3.4M | ||
| Q3 24 | $18.2M | $116.5K | ||
| Q2 24 | $2.8M | $-2.3M | ||
| Q1 24 | $-7.7M | $-10.4M |
| Q4 25 | -7.1% | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | 15.1% | -15.0% | ||
| Q1 25 | 1.4% | -30.0% | ||
| Q4 24 | 17.1% | 18.2% | ||
| Q3 24 | 323.0% | 0.6% | ||
| Q2 24 | 5.8% | -15.6% | ||
| Q1 24 | -20.8% | -51.5% |
| Q4 25 | 2.9% | 0.9% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 0.8% | 2.4% | ||
| Q1 25 | 5.1% | 4.2% | ||
| Q4 24 | 7.0% | 0.5% | ||
| Q3 24 | 71.4% | 0.2% | ||
| Q2 24 | 2.5% | 0.7% | ||
| Q1 24 | 5.3% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLFD
Segment breakdown not available.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
