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Side-by-side financial comparison of CLARIVATE PLC (CLVT) and EXTREME NETWORKS INC (EXTR). Click either name above to swap in a different company.

CLARIVATE PLC is the larger business by last-quarter revenue ($585.5M vs $316.9M, roughly 1.8× EXTREME NETWORKS INC). EXTREME NETWORKS INC runs the higher net margin — 3.3% vs -6.9%, a 10.2% gap on every dollar of revenue. On growth, EXTREME NETWORKS INC posted the faster year-over-year revenue change (11.4% vs -1.4%). CLARIVATE PLC produced more free cash flow last quarter ($78.9M vs $7.8M). Over the past eight quarters, EXTREME NETWORKS INC's revenue compounded faster (11.1% CAGR vs -5.1%).

Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling for pharmacy and biotech, patents, and regulatory compliance; trademark protection, and domain and brand protection. Clarivate calculates the impact factor of scientific journals, using data from its Web of Science product family, that also includes services...

Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.

CLVT vs EXTR — Head-to-Head

Bigger by revenue
CLVT
CLVT
1.8× larger
CLVT
$585.5M
$316.9M
EXTR
Growing faster (revenue YoY)
EXTR
EXTR
+12.8% gap
EXTR
11.4%
-1.4%
CLVT
Higher net margin
EXTR
EXTR
10.2% more per $
EXTR
3.3%
-6.9%
CLVT
More free cash flow
CLVT
CLVT
$71.1M more FCF
CLVT
$78.9M
$7.8M
EXTR
Faster 2-yr revenue CAGR
EXTR
EXTR
Annualised
EXTR
11.1%
-5.1%
CLVT

Income Statement — Q1 FY2026 vs Q4 FY2026

Metric
CLVT
CLVT
EXTR
EXTR
Revenue
$585.5M
$316.9M
Net Profit
$-40.2M
$10.6M
Gross Margin
67.2%
61.7%
Operating Margin
5.2%
5.5%
Net Margin
-6.9%
3.3%
Revenue YoY
-1.4%
11.4%
Net Profit YoY
61.3%
202.9%
EPS (diluted)
$-0.06
$0.08

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
CLVT
CLVT
EXTR
EXTR
Q2 26
$316.9M
Q1 26
$585.5M
Q4 25
$617.0M
$317.9M
Q3 25
$623.1M
$310.2M
Q2 25
$621.4M
$307.0M
Q1 25
$593.7M
$284.5M
Q4 24
$663.0M
$279.4M
Q3 24
$622.2M
$269.2M
Net Profit
CLVT
CLVT
EXTR
EXTR
Q2 26
$10.6M
Q1 26
$-40.2M
Q4 25
$3.1M
$7.9M
Q3 25
$-28.3M
$5.6M
Q2 25
$-72.0M
$-7.8M
Q1 25
$-103.9M
$3.5M
Q4 24
$-191.8M
$7.4M
Q3 24
$-65.6M
$-10.5M
Gross Margin
CLVT
CLVT
EXTR
EXTR
Q2 26
61.7%
Q1 26
67.2%
Q4 25
66.8%
61.4%
Q3 25
65.0%
60.6%
Q2 25
67.2%
61.6%
Q1 25
65.1%
61.7%
Q4 24
65.7%
62.7%
Q3 24
66.2%
63.0%
Operating Margin
CLVT
CLVT
EXTR
EXTR
Q2 26
5.5%
Q1 26
5.2%
Q4 25
6.7%
4.1%
Q3 25
7.1%
3.6%
Q2 25
1.1%
-0.4%
Q1 25
-3.5%
3.6%
Q4 24
-9.4%
4.5%
Q3 24
3.5%
-1.8%
Net Margin
CLVT
CLVT
EXTR
EXTR
Q2 26
3.3%
Q1 26
-6.9%
Q4 25
0.5%
2.5%
Q3 25
-4.5%
1.8%
Q2 25
-11.6%
-2.5%
Q1 25
-17.5%
1.2%
Q4 24
-28.9%
2.6%
Q3 24
-10.5%
-3.9%
EPS (diluted)
CLVT
CLVT
EXTR
EXTR
Q2 26
$0.08
Q1 26
$-0.06
Q4 25
$0.00
$0.06
Q3 25
$-0.04
$0.04
Q2 25
$-0.11
$-0.07
Q1 25
$-0.15
$0.03
Q4 24
$-0.27
$0.06
Q3 24
$-0.09
$-0.08

Balance Sheet & Financial Strength

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

Metric
CLVT
CLVT
EXTR
EXTR
Cash + ST InvestmentsLiquidity on hand
$210.1M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$4.8B
Total Assets
$10.9B
$1.2B
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLVT
CLVT
EXTR
EXTR
Q2 26
$210.1M
Q1 26
Q4 25
$329.2M
$219.8M
Q3 25
$318.7M
$209.0M
Q2 25
$362.6M
$231.7M
Q1 25
$354.0M
$185.5M
Q4 24
$295.2M
$170.3M
Q3 24
$388.5M
$159.5M
Total Debt
CLVT
CLVT
EXTR
EXTR
Q2 26
Q1 26
$4.3B
Q4 25
$4.3B
Q3 25
$4.4B
Q2 25
$4.5B
$180.0M
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.6B
Stockholders' Equity
CLVT
CLVT
EXTR
EXTR
Q2 26
Q1 26
$4.8B
Q4 25
$4.8B
$95.9M
Q3 25
$4.9B
$68.6M
Q2 25
$5.0B
$65.6M
Q1 25
$5.0B
$71.7M
Q4 24
$5.1B
$51.2M
Q3 24
$5.5B
$32.7M
Total Assets
CLVT
CLVT
EXTR
EXTR
Q2 26
$1.2B
Q1 26
$10.9B
Q4 25
$11.1B
$1.2B
Q3 25
$11.2B
$1.2B
Q2 25
$11.4B
$1.2B
Q1 25
$11.5B
$1.1B
Q4 24
$11.5B
$1.1B
Q3 24
$12.0B
$1.1B
Debt / Equity
CLVT
CLVT
EXTR
EXTR
Q2 26
Q1 26
0.89×
Q4 25
0.89×
Q3 25
0.90×
Q2 25
0.90×
2.74×
Q1 25
0.90×
Q4 24
0.88×
Q3 24
0.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLVT
CLVT
EXTR
EXTR
Operating Cash FlowLast quarter
$134.7M
$50.3M
Free Cash FlowOCF − Capex
$78.9M
$7.8M
FCF MarginFCF / Revenue
13.5%
2.5%
Capex IntensityCapex / Revenue
9.5%
Cash ConversionOCF / Net Profit
4.75×
TTM Free Cash FlowTrailing 4 quarters
$333.9M
$105.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLVT
CLVT
EXTR
EXTR
Q2 26
$50.3M
Q1 26
$134.7M
Q4 25
$159.9M
$50.1M
Q3 25
$181.1M
$-14.0M
Q2 25
$116.3M
$81.9M
Q1 25
$171.2M
$30.0M
Q4 24
$141.3M
$21.5M
Q3 24
$202.9M
$18.6M
Free Cash Flow
CLVT
CLVT
EXTR
EXTR
Q2 26
$7.8M
Q1 26
$78.9M
Q4 25
$89.2M
$43.0M
Q3 25
$115.5M
$-20.9M
Q2 25
$50.3M
$75.3M
Q1 25
$110.3M
$24.2M
Q4 24
$59.1M
$16.1M
Q3 24
$126.3M
$11.7M
FCF Margin
CLVT
CLVT
EXTR
EXTR
Q2 26
2.5%
Q1 26
13.5%
Q4 25
14.5%
13.5%
Q3 25
18.5%
-6.7%
Q2 25
8.1%
24.5%
Q1 25
18.6%
8.5%
Q4 24
8.9%
5.8%
Q3 24
20.3%
4.3%
Capex Intensity
CLVT
CLVT
EXTR
EXTR
Q2 26
Q1 26
9.5%
Q4 25
11.5%
2.2%
Q3 25
10.5%
2.2%
Q2 25
10.6%
2.2%
Q1 25
10.3%
2.0%
Q4 24
12.4%
1.9%
Q3 24
12.3%
2.6%
Cash Conversion
CLVT
CLVT
EXTR
EXTR
Q2 26
4.75×
Q1 26
Q4 25
51.58×
6.37×
Q3 25
-2.49×
Q2 25
Q1 25
8.67×
Q4 24
2.92×
Q3 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLVT
CLVT

Subscription$397.5M68%
Re-occurring$108.6M19%
Transactional$79.4M14%

EXTR
EXTR

Product$199.4M63%
Subscription and support$117.5M37%

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