Growth & profitability
- Revenue has grown 10.0% per year over the past 5 years.
- Operating margin has contracted, at 1.4% in the latest year.
- Free cash flow has grown 12.7% per year over the past 5 years.
CLFD Financials Clearfield, Inc.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $150M | -$8M | 33.7% | 1.4% | -3.1% | -2.6% | $22M | — | $21M |
| 2024 | $126M | -$12M | 20.6% | -15.3% | -4.5% | -3.9% | $10M | $2M | $14M |
| 2023 | $226M | $33M | 35.4% | 16.6% | 10.3% | 9.2% | $17M | — | $38M |
| 2022 | $271M | $49M | 41.7% | 23.6% | 33.4% | 21.5% | — | — | $17M |
| 2021 | $141M | $20M | 43.5% | 17.9% | 19.6% | 16.1% | — | $0 | $13M |
| 2020 | $93M | $7M | 40.7% | 9.0% | 8.8% | 7.7% | — | — | $16M |
| 2019 | $85M | $5M | 38.4% | 6.1% | 6.1% | 5.6% | — | — | $10M |
| 2018 | $78M | $4M | 39.9% | 6.5% | 6.2% | 5.8% | — | — | $9M |
| 2017 | $74M | $4M | 40.9% | 7.2% | 6.0% | 5.5% | — | — | $19M |
| 2016 | — | $8M | — | — | 12.8% | 11.4% | — | — | $28M |
| 2015 | — | $5M | — | — | 9.1% | 8.1% | — | — | $18M |
| 2014 | — | $5M | — | — | 11.6% | 10.5% | — | — | $18M |
| 2013 | — | $5M | — | — | 11.8% | 10.2% | — | — | $10M |
| 2012 | — | $8M | — | — | 22.2% | 20.4% | — | — | $6M |
| 2011 | — | $6M | — | — | 23.5% | 20.4% | — | — | $11M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $44M | $3M | 31.8% | 5.9% | 1.2% | 1.1% | $9M | — | $20M |
| Mar '26 | $34M | -$528000 | 32.5% | -6.0% | -0.2% | -0.2% | -$2M | — | $9M |
| Dec '25 | $34M | -$614000 | 33.2% | -5.3% | -0.2% | -0.2% | -$2M | — | $14M |
| Sep '25 | $18M | -$9M | 73.5% | 24.6% | -3.5% | -3.0% | — | — | $21M |
| Jun '25 | $39M | $2M | 35.3% | 3.9% | 0.6% | 0.5% | $10M | $2M | $34M |
| Mar '25 | $41M | $1M | 34.4% | 4.1% | 0.5% | 0.4% | $3M | $2M | $29M |
| Dec '24 | $30M | -$2M | 29.2% | -6.9% | -0.7% | -0.6% | $6M | $2M | $30M |
| Sep '24 | $6M | -$827000 | 135.3% | 17.3% | -0.3% | -0.3% | — | $2M | $14M |
| Jun '24 | $49M | -$447000 | 21.9% | -4.7% | -0.2% | -0.1% | — | — | $26M |
| Mar '24 | $37M | -$6M | 7.7% | -26.4% | -2.1% | -1.9% | — | — | $16M |
| Dec '23 | $34M | -$5M | 13.7% | -23.8% | -1.8% | -1.6% | — | — | $34M |
| Sep '23 | $50M | $3M | 24.1% | 3.5% | 0.9% | 0.8% | — | — | $38M |
| Jun '23 | $61M | $5M | 31.1% | 9.2% | 1.7% | 1.4% | — | — | $31M |
| Mar '23 | $72M | $10M | 32.8% | 16.8% | 3.4% | 2.9% | — | — | $137M |
| Dec '22 | $86M | $14M | 35.7% | 20.8% | 4.9% | 4.1% | — | — | $30M |
| Sep '22 | $95M | $17M | 39.5% | 23.4% | 11.5% | 7.4% | — | — | $17M |
| Jun '22 | $71M | $13M | 41.1% | 23.3% | 9.3% | 7.2% | — | — | $14M |
| Mar '22 | $53M | $9M | 43.3% | 22.3% | 7.5% | 5.8% | — | — | $14M |
| Dec '21 | $51M | $10M | 44.9% | 25.5% | 9.1% | 7.5% | — | $0 | $13M |
| Sep '21 | $45M | $7M | 43.6% | 20.7% | 7.2% | 5.9% | — | $0 | $13M |
Valuation over time
How the market has priced CLFD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 12.8× (Mar '23) to 15.6× (Aug '24).
- The price-to-sales ratio has risen from 2.3× (Mar '23) to 2.6× (Sep '26).
P/E
P/S
Frequently asked questions
Is CLFD growing its revenue and profit?
Over the past 5 years, Clearfield, Inc.'s revenue has grown 10.0% per year. These are computed facts, not advice.
How much debt does CLFD have?
As of FY2025, Clearfield, Inc. reported — of total debt against $21M of cash.
What is CLFD's profit margin?
In FY2025, gross margin was 33.7%, operating margin 1.4%, and net margin -5.4%.
What is CLFD's P/E ratio?
As of Sep '26, Clearfield, Inc. traded at a price-to-earnings ratio of about 15.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.