vs
Clearfield, Inc.（CLFD）与HERITAGE COMMERCE CORP（HTBK）财务数据对比。点击上方公司名可切换其他公司
HERITAGE COMMERCE CORP的季度营收约是Clearfield, Inc.的1.6倍（$53.6M vs $34.3M），HERITAGE COMMERCE CORP净利率更高（28.2% vs -1.8%，领先30.0%），HERITAGE COMMERCE CORP同比增速更快（15.6% vs -3.2%），HERITAGE COMMERCE CORP自由现金流更多（$61.3M vs $-2.4M），过去两年HERITAGE COMMERCE CORP的营收复合增速更高（12.8% 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。
本文介绍的企业主体信息与内容描述不符，描述内容实际为美国商会，该商会成立于1912年4月23日，是美国规模最大的游说类商业协会 advocacy 团体，成立之初得益于时任总统威廉·霍华德·塔夫脱与劳工商务部长查尔斯·内格尔推动，旨在代表工商界发声。
CLFD vs HTBK — 直观对比
营收规模更大
HTBK
是对方的1.6倍
$34.3M
营收增速更快
HTBK
高出18.8%
-3.2%
净利率更高
HTBK
高出30.0%
-1.8%
自由现金流更多
HTBK
多$63.7M
$-2.4M
两年增速更快
HTBK
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $34.3M | $53.6M |
| 净利润 | $-614.0K | $15.1M |
| 毛利率 | 33.2% | — |
| 营业利润率 | -5.3% | 41.0% |
| 净利率 | -1.8% | 28.2% |
| 营收同比 | -3.2% | 15.6% |
| 净利润同比 | 67.8% | 42.3% |
| 每股收益（稀释后） | $-0.04 | $0.25 |
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CLFDHTBK
| Q4 25 | $34.3M | $53.6M | ||
| Q3 25 | $23.4M | $50.0M | ||
| Q2 25 | $49.9M | $47.8M | ||
| Q1 25 | $47.2M | $46.1M | ||
| Q4 24 | $29.7M | $46.4M | ||
| Q3 24 | $5.6M | $42.2M | ||
| Q2 24 | $48.8M | $41.7M | ||
| Q1 24 | $36.9M | $42.1M |
净利润CLFDHTBK
| Q4 25 | $-614.0K | $15.1M | ||
| Q3 25 | $-9.1M | $14.7M | ||
| Q2 25 | $1.6M | $6.4M | ||
| Q1 25 | $1.3M | $11.6M | ||
| Q4 24 | $-1.9M | $10.6M | ||
| Q3 24 | — | $10.5M | ||
| Q2 24 | $-447.0K | $9.2M | ||
| Q1 24 | $-5.9M | $10.2M |
毛利率CLFDHTBK
| 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% | — |
营业利润率CLFDHTBK
| Q4 25 | -5.3% | 41.0% | ||
| Q3 25 | 10.3% | 41.1% | ||
| Q2 25 | 3.0% | 18.7% | ||
| Q1 25 | 0.6% | 35.4% | ||
| Q4 24 | -6.9% | 31.8% | ||
| Q3 24 | — | 34.3% | ||
| Q2 24 | -4.7% | 31.3% | ||
| Q1 24 | -26.4% | 34.2% |
净利率CLFDHTBK
| Q4 25 | -1.8% | 28.2% | ||
| Q3 25 | -38.8% | 29.4% | ||
| Q2 25 | 3.2% | 13.4% | ||
| Q1 25 | 2.8% | 25.2% | ||
| Q4 24 | -6.4% | 22.9% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | -0.9% | 22.1% | ||
| Q1 24 | -16.0% | 24.1% |
每股收益（稀释后）CLFDHTBK
| Q4 25 | $-0.04 | $0.25 | ||
| Q3 25 | $-0.65 | $0.24 | ||
| Q2 25 | $0.11 | $0.10 | ||
| Q1 25 | $0.09 | $0.19 | ||
| Q4 24 | $-0.13 | $0.17 | ||
| Q3 24 | — | $0.17 | ||
| Q2 24 | $-0.04 | $0.15 | ||
| Q1 24 | $-0.40 | $0.17 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $249.7M | $708.6M |
| 总资产 | $268.1M | $5.8B |
| 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CLFDHTBK
| Q4 25 | $96.4M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $117.2M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | $113.0M | — | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $142.9M | — |
总债务CLFDHTBK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
股东权益CLFDHTBK
| Q4 25 | $249.7M | $708.6M | ||
| Q3 25 | $256.2M | $700.0M | ||
| Q2 25 | $264.5M | $694.7M | ||
| Q1 25 | $265.9M | $696.2M | ||
| Q4 24 | $267.4M | $689.7M | ||
| Q3 24 | $275.8M | $685.4M | ||
| Q2 24 | $274.6M | $679.2M | ||
| Q1 24 | $279.2M | $676.3M |
总资产CLFDHTBK
| Q4 25 | $268.1M | $5.8B | ||
| Q3 25 | $306.2M | $5.6B | ||
| Q2 25 | $314.7M | $5.5B | ||
| Q1 25 | $310.9M | $5.5B | ||
| Q4 24 | $303.2M | $5.6B | ||
| Q3 24 | $315.3M | $5.6B | ||
| Q2 24 | $318.1M | $5.3B | ||
| Q1 24 | $315.4M | $5.3B |
负债/权益比CLFDHTBK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $61.7M |
| 自由现金流经营现金流 - 资本支出 | $-2.4M | $61.3M |
| 自由现金流率自由现金流/营收 | -7.1% | 114.3% |
| 资本支出强度资本支出/营收 | 2.9% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 4.08× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CLFDHTBK
| Q4 25 | $-1.4M | $61.7M | ||
| Q3 25 | — | $18.9M | ||
| Q2 25 | $7.9M | $8.0M | ||
| Q1 25 | $3.0M | $14.8M | ||
| Q4 24 | $7.2M | $39.0M | ||
| Q3 24 | $22.2M | $5.3M | ||
| Q2 24 | $4.0M | $10.5M | ||
| Q1 24 | $-5.7M | $7.3M |
自由现金流CLFDHTBK
| Q4 25 | $-2.4M | $61.3M | ||
| Q3 25 | — | $18.8M | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $654.0K | — | ||
| Q4 24 | $5.1M | $37.3M | ||
| Q3 24 | $18.2M | $4.9M | ||
| Q2 24 | $2.8M | $9.9M | ||
| Q1 24 | $-7.7M | $6.9M |
自由现金流率CLFDHTBK
| Q4 25 | -7.1% | 114.3% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 17.1% | 80.5% | ||
| Q3 24 | 323.0% | 11.6% | ||
| Q2 24 | 5.8% | 23.6% | ||
| Q1 24 | -20.8% | 16.4% |
资本支出强度CLFDHTBK
| Q4 25 | 2.9% | 0.7% | ||
| Q3 25 | 2.0% | 0.1% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 7.0% | 3.5% | ||
| Q3 24 | 71.4% | 1.0% | ||
| Q2 24 | 2.5% | 1.6% | ||
| Q1 24 | 5.3% | 1.0% |
现金转化率CLFDHTBK
| Q4 25 | — | 4.08× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | 4.93× | 1.25× | ||
| Q1 25 | 2.30× | 1.28× | ||
| Q4 24 | — | 3.67× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.72× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
