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Clearfield, Inc.（CLFD）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
STEM, INC.的季度营收约是Clearfield, Inc.的1.4倍（$47.1M vs $34.3M），Clearfield, Inc.净利率更高（-1.8% vs -33.9%，领先32.1%），Clearfield, Inc.同比增速更快（-3.2% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
CLFD vs STEM — 直观对比
营收规模更大
STEM
是对方的1.4倍
$34.3M
营收增速更快
CLFD
高出12.4%
-15.6%
净利率更高
CLFD
高出32.1%
-33.9%
两年增速更快
STEM
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $34.3M | $47.1M |
| 净利润 | $-614.0K | $-16.0M |
| 毛利率 | 33.2% | 48.9% |
| 营业利润率 | -5.3% | -17.7% |
| 净利率 | -1.8% | -33.9% |
| 营收同比 | -3.2% | -15.6% |
| 净利润同比 | 67.8% | 68.8% |
| 每股收益（稀释后） | $-0.04 | $-4.40 |
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CLFDSTEM
| Q4 25 | $34.3M | $47.1M | ||
| Q3 25 | $23.4M | $38.2M | ||
| Q2 25 | $49.9M | $38.4M | ||
| Q1 25 | $47.2M | $32.5M | ||
| Q4 24 | $29.7M | $55.8M | ||
| Q3 24 | $5.6M | $29.3M | ||
| Q2 24 | $48.8M | $34.0M | ||
| Q1 24 | $36.9M | $25.5M |
净利润CLFDSTEM
| Q4 25 | $-614.0K | $-16.0M | ||
| Q3 25 | $-9.1M | $-23.8M | ||
| Q2 25 | $1.6M | $202.5M | ||
| Q1 25 | $1.3M | $-25.0M | ||
| Q4 24 | $-1.9M | $-51.1M | ||
| Q3 24 | — | $-148.3M | ||
| Q2 24 | $-447.0K | $-582.3M | ||
| Q1 24 | $-5.9M | $-72.3M |
毛利率CLFDSTEM
| Q4 25 | 33.2% | 48.9% | ||
| Q3 25 | 53.2% | 35.5% | ||
| Q2 25 | 30.5% | 33.4% | ||
| Q1 25 | 30.1% | 32.4% | ||
| Q4 24 | 29.2% | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | 21.9% | 27.6% | ||
| Q1 24 | 7.7% | -95.0% |
营业利润率CLFDSTEM
| Q4 25 | -5.3% | -17.7% | ||
| Q3 25 | 10.3% | -33.6% | ||
| Q2 25 | 3.0% | -34.8% | ||
| Q1 25 | 0.6% | -65.0% | ||
| Q4 24 | -6.9% | -84.4% | ||
| Q3 24 | — | -493.2% | ||
| Q2 24 | -4.7% | -1705.5% | ||
| Q1 24 | -26.4% | -267.0% |
净利率CLFDSTEM
| Q4 25 | -1.8% | -33.9% | ||
| Q3 25 | -38.8% | -62.2% | ||
| Q2 25 | 3.2% | 527.8% | ||
| Q1 25 | 2.8% | -76.9% | ||
| Q4 24 | -6.4% | -91.6% | ||
| Q3 24 | — | -506.3% | ||
| Q2 24 | -0.9% | -1712.6% | ||
| Q1 24 | -16.0% | -283.9% |
每股收益（稀释后）CLFDSTEM
| Q4 25 | $-0.04 | $-4.40 | ||
| Q3 25 | $-0.65 | $-2.84 | ||
| Q2 25 | $0.11 | $-1.79 | ||
| Q1 25 | $0.09 | $-0.15 | ||
| Q4 24 | $-0.13 | $-15.29 | ||
| Q3 24 | — | $-18.24 | ||
| Q2 24 | $-0.04 | $-71.81 | ||
| Q1 24 | $-0.40 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $249.7M | $-249.4M |
| 总资产 | $268.1M | $308.9M |
| 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CLFDSTEM
| Q4 25 | $96.4M | $48.9M | ||
| Q3 25 | $106.0M | $43.1M | ||
| Q2 25 | $117.2M | $40.8M | ||
| Q1 25 | $112.0M | $58.6M | ||
| Q4 24 | $113.0M | $56.3M | ||
| Q3 24 | $129.0M | $75.4M | ||
| Q2 24 | $123.8M | $89.6M | ||
| Q1 24 | $142.9M | $112.8M |
总债务CLFDSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
股东权益CLFDSTEM
| Q4 25 | $249.7M | $-249.4M | ||
| Q3 25 | $256.2M | $-235.7M | ||
| Q2 25 | $264.5M | $-214.1M | ||
| Q1 25 | $265.9M | $-417.5M | ||
| Q4 24 | $267.4M | $-398.4M | ||
| Q3 24 | $275.8M | $-344.1M | ||
| Q2 24 | $274.6M | $-203.2M | ||
| Q1 24 | $279.2M | $371.6M |
总资产CLFDSTEM
| Q4 25 | $268.1M | $308.9M | ||
| Q3 25 | $306.2M | $362.6M | ||
| Q2 25 | $314.7M | $379.2M | ||
| Q1 25 | $310.9M | $405.1M | ||
| Q4 24 | $303.2M | $437.4M | ||
| Q3 24 | $315.3M | $537.8M | ||
| Q2 24 | $318.1M | $691.5M | ||
| Q1 24 | $315.4M | $1.3B |
负债/权益比CLFDSTEM
| 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 | $8.2M |
| 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% | — |
| 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CLFDSTEM
| Q4 25 | $-1.4M | $8.2M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $7.9M | $-21.3M | ||
| Q1 25 | $3.0M | $8.5M | ||
| Q4 24 | $7.2M | $-14.7M | ||
| Q3 24 | $22.2M | $-9.4M | ||
| Q2 24 | $4.0M | $-11.9M | ||
| Q1 24 | $-5.7M | $-621.0K |
自由现金流CLFDSTEM
| Q4 25 | $-2.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $654.0K | — | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $18.2M | — | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $-7.7M | — |
自由现金流率CLFDSTEM
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 323.0% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -20.8% | — |
资本支出强度CLFDSTEM
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 71.4% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 5.3% | — |
现金转化率CLFDSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | -0.11× | ||
| 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
