vs
Clearfield, Inc.（CLFD）与System1, Inc.（SST）财务数据对比。点击上方公司名可切换其他公司
System1, Inc.的季度营收约是Clearfield, Inc.的1.5倍（$51.9M vs $34.3M），Clearfield, Inc.净利率更高（-1.8% vs -26.0%，领先24.2%），Clearfield, Inc.同比增速更快（-3.2% vs -31.3%），过去两年Clearfield, Inc.的营收复合增速更高（-3.5% vs -21.8%）
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。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
CLFD vs SST — 直观对比
营收规模更大
SST
是对方的1.5倍
$34.3M
营收增速更快
CLFD
高出28.1%
-31.3%
净利率更高
CLFD
高出24.2%
-26.0%
两年增速更快
CLFD
近两年复合增速
-21.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $34.3M | $51.9M |
| 净利润 | $-614.0K | $-13.5M |
| 毛利率 | 33.2% | 41.0% |
| 营业利润率 | -5.3% | -33.6% |
| 净利率 | -1.8% | -26.0% |
| 营收同比 | -3.2% | -31.3% |
| 净利润同比 | 67.8% | 4.8% |
| 每股收益（稀释后） | $-0.04 | $-3.58 |
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CLFDSST
| Q4 25 | $34.3M | $51.9M | ||
| Q3 25 | $23.4M | $61.6M | ||
| Q2 25 | $49.9M | $78.1M | ||
| Q1 25 | $47.2M | $74.5M | ||
| Q4 24 | $29.7M | $75.6M | ||
| Q3 24 | $5.6M | $88.8M | ||
| Q2 24 | $48.8M | $94.6M | ||
| Q1 24 | $36.9M | $84.9M |
净利润CLFDSST
| Q4 25 | $-614.0K | $-13.5M | ||
| Q3 25 | $-9.1M | $-18.5M | ||
| Q2 25 | $1.6M | $-17.5M | ||
| Q1 25 | $1.3M | $-15.9M | ||
| Q4 24 | $-1.9M | $-14.2M | ||
| Q3 24 | — | $-23.6M | ||
| Q2 24 | $-447.0K | $-26.4M | ||
| Q1 24 | $-5.9M | $-10.5M |
毛利率CLFDSST
| Q4 25 | 33.2% | 41.0% | ||
| Q3 25 | 53.2% | 36.9% | ||
| Q2 25 | 30.5% | 35.7% | ||
| Q1 25 | 30.1% | 38.2% | ||
| Q4 24 | 29.2% | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | 21.9% | 27.6% | ||
| Q1 24 | 7.7% | 21.9% |
营业利润率CLFDSST
| Q4 25 | -5.3% | -33.6% | ||
| Q3 25 | 10.3% | -25.3% | ||
| Q2 25 | 3.0% | -20.4% | ||
| Q1 25 | 0.6% | -17.6% | ||
| Q4 24 | -6.9% | -15.7% | ||
| Q3 24 | — | -24.6% | ||
| Q2 24 | -4.7% | -30.8% | ||
| Q1 24 | -26.4% | -30.4% |
净利率CLFDSST
| Q4 25 | -1.8% | -26.0% | ||
| Q3 25 | -38.8% | -30.1% | ||
| Q2 25 | 3.2% | -22.4% | ||
| Q1 25 | 2.8% | -21.3% | ||
| Q4 24 | -6.4% | -18.7% | ||
| Q3 24 | — | -26.6% | ||
| Q2 24 | -0.9% | -27.9% | ||
| Q1 24 | -16.0% | -12.4% |
每股收益（稀释后）CLFDSST
| Q4 25 | $-0.04 | $-3.58 | ||
| Q3 25 | $-0.65 | $-2.30 | ||
| Q2 25 | $0.11 | $-2.23 | ||
| Q1 25 | $0.09 | $-0.21 | ||
| Q4 24 | $-0.13 | $-3.41 | ||
| Q3 24 | — | $-3.37 | ||
| Q2 24 | $-0.04 | $-3.80 | ||
| Q1 24 | $-0.40 | $-0.16 |
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 | $86.9M |
| 总债务越低越好 | — | $305.1M |
| 股东权益账面价值 | $249.7M | $30.5M |
| 总资产 | $268.1M | $405.0M |
| 负债/权益比越低杠杆越低 | — | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资CLFDSST
| Q4 25 | $96.4M | $86.9M | ||
| Q3 25 | $106.0M | $54.6M | ||
| Q2 25 | $117.2M | $63.6M | ||
| Q1 25 | $112.0M | $43.9M | ||
| Q4 24 | $113.0M | $63.6M | ||
| Q3 24 | $129.0M | $69.1M | ||
| Q2 24 | $123.8M | $75.7M | ||
| Q1 24 | $142.9M | $69.9M |
总债务CLFDSST
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | $2.2M | $259.2M | ||
| Q2 24 | $2.1M | $263.3M | ||
| Q1 24 | — | $268.6M |
股东权益CLFDSST
| Q4 25 | $249.7M | $30.5M | ||
| Q3 25 | $256.2M | $42.7M | ||
| Q2 25 | $264.5M | $58.2M | ||
| Q1 25 | $265.9M | $67.2M | ||
| Q4 24 | $267.4M | $80.3M | ||
| Q3 24 | $275.8M | $90.3M | ||
| Q2 24 | $274.6M | $109.4M | ||
| Q1 24 | $279.2M | $131.7M |
总资产CLFDSST
| Q4 25 | $268.1M | $405.0M | ||
| Q3 25 | $306.2M | $385.2M | ||
| Q2 25 | $314.7M | $429.2M | ||
| Q1 25 | $310.9M | $419.2M | ||
| Q4 24 | $303.2M | $459.1M | ||
| Q3 24 | $315.3M | $479.3M | ||
| Q2 24 | $318.1M | $511.3M | ||
| Q1 24 | $315.4M | $521.1M |
负债/权益比CLFDSST
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | 0.01× | 2.87× | ||
| Q2 24 | 0.01× | 2.41× | ||
| Q1 24 | — | 2.04× |
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 | $-10.6M |
| 自由现金流经营现金流 - 资本支出 | $-2.4M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 2.9% | 0.0% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CLFDSST
| Q4 25 | $-1.4M | $-10.6M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | $7.9M | $24.5M | ||
| Q1 25 | $3.0M | $-15.9M | ||
| Q4 24 | $7.2M | $772.0K | ||
| Q3 24 | $22.2M | $-5.0K | ||
| Q2 24 | $4.0M | $10.0M | ||
| Q1 24 | $-5.7M | $-16.0M |
自由现金流CLFDSST
| Q4 25 | $-2.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $654.0K | $-16.0M | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $18.2M | $-36.0K | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $-7.7M | — |
自由现金流率CLFDSST
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 1.4% | -21.5% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 323.0% | -0.0% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -20.8% | — |
资本支出强度CLFDSST
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 2.0% | 0.0% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 5.1% | 0.1% | ||
| Q4 24 | 7.0% | 0.0% | ||
| Q3 24 | 71.4% | 0.0% | ||
| Q2 24 | 2.5% | 0.0% | ||
| Q1 24 | 5.3% | 0.0% |
现金转化率CLFDSST
| 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
