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Clearfield, Inc.（CLFD）与ESTABLISHMENT LABS HOLDINGS INC.（ESTA）财务数据对比。点击上方公司名可切换其他公司
ESTABLISHMENT LABS HOLDINGS INC.的季度营收约是Clearfield, Inc.的1.9倍（$64.6M vs $34.3M），ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs -3.2%），ESTABLISHMENT LABS HOLDINGS INC.自由现金流更多（$-2.0M vs $-2.4M），过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs -3.5%）
Clearfield, Inc.总部位于美国明尼苏达州明尼阿波利斯市，是一家专注于光纤产品研发生产的企业，其产品主要应用于光纤通信网络建设领域，为通信基础设施部署提供相关硬件支撑。
Establishment Labs Holdings Inc.是一家总部位于美国的无晶圆厂半导体企业，同时专注于人工智能领域业务，核心为数据中心及AI基础设施研发高速连接解决方案，于2024年3月在纳斯达克挂牌上市。
CLFD vs ESTA — 直观对比
营收规模更大
ESTA
是对方的1.9倍
$34.3M
营收增速更快
ESTA
高出48.4%
-3.2%
自由现金流更多
ESTA
多$442.0K
$-2.4M
两年增速更快
ESTA
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $34.3M | $64.6M |
| 净利润 | $-614.0K | — |
| 毛利率 | 33.2% | 70.5% |
| 营业利润率 | -5.3% | -6.1% |
| 净利率 | -1.8% | — |
| 营收同比 | -3.2% | 45.2% |
| 净利润同比 | 67.8% | — |
| 每股收益（稀释后） | $-0.04 | $-0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CLFDESTA
| Q4 25 | $34.3M | $64.6M | ||
| Q3 25 | $23.4M | $53.8M | ||
| Q2 25 | $49.9M | $51.3M | ||
| Q1 25 | $47.2M | $41.4M | ||
| Q4 24 | $29.7M | $44.5M | ||
| Q3 24 | $5.6M | $40.2M | ||
| Q2 24 | $48.8M | $44.1M | ||
| Q1 24 | $36.9M | $37.2M |
净利润CLFDESTA
| Q4 25 | $-614.0K | — | ||
| Q3 25 | $-9.1M | $-11.1M | ||
| Q2 25 | $1.6M | $-16.6M | ||
| Q1 25 | $1.3M | $-20.7M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | — | $-16.7M | ||
| Q2 24 | $-447.0K | $-17.2M | ||
| Q1 24 | $-5.9M | $-16.2M |
毛利率CLFDESTA
| Q4 25 | 33.2% | 70.5% | ||
| Q3 25 | 53.2% | 70.1% | ||
| Q2 25 | 30.5% | 68.8% | ||
| Q1 25 | 30.1% | 67.2% | ||
| Q4 24 | 29.2% | 68.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | 21.9% | 65.6% | ||
| Q1 24 | 7.7% | 65.6% |
营业利润率CLFDESTA
| Q4 25 | -5.3% | -6.1% | ||
| Q3 25 | 10.3% | -7.5% | ||
| Q2 25 | 3.0% | -27.5% | ||
| Q1 25 | 0.6% | -41.0% | ||
| Q4 24 | -6.9% | -41.9% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | -4.7% | -21.2% | ||
| Q1 24 | -26.4% | -23.8% |
净利率CLFDESTA
| Q4 25 | -1.8% | — | ||
| Q3 25 | -38.8% | -20.7% | ||
| Q2 25 | 3.2% | -32.3% | ||
| Q1 25 | 2.8% | -50.1% | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | — | -41.5% | ||
| Q2 24 | -0.9% | -38.9% | ||
| Q1 24 | -16.0% | -43.6% |
每股收益（稀释后）CLFDESTA
| Q4 25 | $-0.04 | $-0.07 | ||
| Q3 25 | $-0.65 | $-0.38 | ||
| Q2 25 | $0.11 | $-0.57 | ||
| Q1 25 | $0.09 | $-0.70 | ||
| Q4 24 | $-0.13 | $-1.21 | ||
| Q3 24 | — | $-0.59 | ||
| Q2 24 | $-0.04 | $-0.62 | ||
| Q1 24 | $-0.40 | $-0.58 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $96.4M | $75.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $249.7M | $23.5M |
| 总资产 | $268.1M | $357.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CLFDESTA
| Q4 25 | $96.4M | $75.6M | ||
| Q3 25 | $106.0M | $70.6M | ||
| Q2 25 | $117.2M | $54.6M | ||
| Q1 25 | $112.0M | $69.2M | ||
| Q4 24 | $113.0M | $90.3M | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $142.9M | — |
总债务CLFDESTA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
股东权益CLFDESTA
| Q4 25 | $249.7M | $23.5M | ||
| Q3 25 | $256.2M | $16.4M | ||
| Q2 25 | $264.5M | $22.8M | ||
| Q1 25 | $265.9M | $38.5M | ||
| Q4 24 | $267.4M | $53.1M | ||
| Q3 24 | $275.8M | $32.7M | ||
| Q2 24 | $274.6M | $45.0M | ||
| Q1 24 | $279.2M | $56.9M |
总资产CLFDESTA
| Q4 25 | $268.1M | $357.2M | ||
| Q3 25 | $306.2M | $338.9M | ||
| Q2 25 | $314.7M | $329.7M | ||
| Q1 25 | $310.9M | $333.4M | ||
| Q4 24 | $303.2M | $346.8M | ||
| Q3 24 | $315.3M | $282.7M | ||
| Q2 24 | $318.1M | $285.1M | ||
| Q1 24 | $315.4M | $301.8M |
负债/权益比CLFDESTA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-1.4M | $-162.0K |
| 自由现金流经营现金流 - 资本支出 | $-2.4M | $-2.0M |
| 自由现金流率自由现金流/营收 | -7.1% | -3.1% |
| 资本支出强度资本支出/营收 | 2.9% | 2.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-56.9M |
8季度趋势，按日历期对齐
经营现金流CLFDESTA
| Q4 25 | $-1.4M | $-162.0K | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | $7.9M | $-18.8M | ||
| Q1 25 | $3.0M | $-20.7M | ||
| Q4 24 | $7.2M | $-20.7M | ||
| Q3 24 | $22.2M | $-12.5M | ||
| Q2 24 | $4.0M | $-14.2M | ||
| Q1 24 | $-5.7M | $-11.2M |
自由现金流CLFDESTA
| Q4 25 | $-2.4M | $-2.0M | ||
| Q3 25 | — | $-13.1M | ||
| Q2 25 | $7.5M | $-20.4M | ||
| Q1 25 | $654.0K | $-21.5M | ||
| Q4 24 | $5.1M | $-21.3M | ||
| Q3 24 | $18.2M | $-13.9M | ||
| Q2 24 | $2.8M | $-15.0M | ||
| Q1 24 | $-7.7M | $-14.5M |
自由现金流率CLFDESTA
| Q4 25 | -7.1% | -3.1% | ||
| Q3 25 | — | -24.4% | ||
| Q2 25 | 15.1% | -39.7% | ||
| Q1 25 | 1.4% | -51.9% | ||
| Q4 24 | 17.1% | -47.8% | ||
| Q3 24 | 323.0% | -34.6% | ||
| Q2 24 | 5.8% | -33.9% | ||
| Q1 24 | -20.8% | -38.9% |
资本支出强度CLFDESTA
| Q4 25 | 2.9% | 2.8% | ||
| Q3 25 | 2.0% | 3.4% | ||
| Q2 25 | 0.8% | 3.2% | ||
| Q1 25 | 5.1% | 1.8% | ||
| Q4 24 | 7.0% | 1.2% | ||
| Q3 24 | 71.4% | 3.7% | ||
| Q2 24 | 2.5% | 1.8% | ||
| Q1 24 | 5.3% | 8.9% |
现金转化率CLFDESTA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
