NASDAQ : CLFD
Clearfield, Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 32.03 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 435.09M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Clearfield, Inc. (CLFD) reported revenue of 153.66M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 153.66M | 150.13M | 125.57M | 225.72M | 270.88M | 140.75M |
| Cost of Revenue | 102.94M | 99.60M | 99.72M | 145.87M | 157.94M | 79.58M |
| Gross Profit | 50.72M | 50.54M | 25.85M | 79.86M | 112.95M | 61.18M |
| Selling, General & Admin | 51.09M | 48.42M | 45.08M | 42.28M | 47.53M | 35.94M |
| Operating Expenses | 51.09M | 48.42M | 45.08M | 42.28M | 47.53M | 35.94M |
| Operating Income | -368.00K | 2.12M | -19.23M | 37.58M | 65.42M | 25.23M |
| Interest Expense | -170.00K | -311.00K | ||||
| Interest & Investment Income | 5.90M | 6.55M | 7.47M | 5.20M | 328.00K | 500.00K |
| EBT Excluding Unusual Items | 5.54M | 8.67M | -11.76M | 42.61M | 65.43M | 25.73M |
| Merger & Restructuring Charges | -1.60M | |||||
| Pretax Income | 5.54M | 8.67M | -11.76M | 42.61M | 63.83M | 25.73M |
| Income Tax Expense | 1.55M | 2.36M | -3.25M | 8.88M | 14.47M | 5.41M |
| Earnings From Continuing Operations | 3.98M | 6.31M | -8.51M | 33.72M | 49.36M | 20.33M |
| Earnings From Discontinued Operations | -11.20M | -14.36M | -3.94M | -1.19M | ||
| Net Income | -7.22M | -8.05M | -12.45M | 32.53M | 49.36M | 20.33M |
| Net Income to Common | -7.22M | -8.05M | -12.45M | 32.53M | 49.36M | 20.33M |
| Shares Outstanding (Basic) | 13.74M | 13.99M | 14.58M | 14.98M | 13.77M | 13.72M |
| Shares Outstanding (Diluted) | 13.74M | 13.99M | 14.58M | 15.01M | 13.91M | 13.78M |
| EPS (Basic) | -0.53 | -0.58 | -0.85 | 2.17 | 3.58 | 1.48 |
| EPS (Diluted) | -0.53 | -0.58 | -0.85 | 2.17 | 3.55 | 1.47 |
| Free Cash Flow | 15.93M | 24.71M | 14.24M | 10.98M | -6.89M | 8.86M |
| Free Cash Flow Per Share | 1.16 | 1.77 | 0.98 | 0.73 | -0.49 | 0.64 |
| Gross Margin | 33.01% | 33.66% | 20.58% | 35.38% | 41.70% | 43.46% |
| Operating Margin | -0.24% | 1.41% | -15.32% | 16.65% | 24.15% | 17.93% |
| Profit Margin | -4.70% | -5.36% | -9.92% | 14.41% | 18.22% | 14.44% |
| Free Cash Flow Margin | 10.37% | 16.46% | 11.34% | 4.87% | -2.54% | 6.29% |
| EBITDA | 5.73M | 8.24M | -13.31M | 42.17M | 68.84M | 27.54M |
| EBITDA Margin | 3.73% | 5.49% | -10.60% | 18.68% | 25.41% | 19.56% |
| D&A For EBITDA | 6.10M | 6.12M | 5.92M | 4.59M | 3.43M | 2.30M |
| EBIT | -368.00K | 2.12M | -19.23M | 37.58M | 65.42M | 25.23M |
| EBIT Margin | -0.24% | 1.41% | -15.32% | 16.65% | 24.15% | 17.93% |
| Effective Tax Rate | 28.04% | 27.20% | 20.85% | 22.67% | 21.01% | |
| Advertising Expenses | 355.00K | 464.00K | 554.00K | 537.00K | 436.00K |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 20.45M | 21.49M | 14.15M | 37.83M | 16.65M | 13.22M |
| Short-Term Investments | 80.77M | 84.48M | 114.83M | 130.29M | 5.80M | 10.37M |
| Cash & Short-Term Investments | 101.22M | 105.98M | 128.97M | 168.11M | 22.45M | 23.59M |
| Accounts Receivable | 22.05M | 17.99M | 13.84M | 28.39M | 53.70M | 19.44M |
| Other Receivables | 1.54M | |||||
| Receivables | 22.05M | 19.54M | 13.84M | 28.39M | 53.70M | 19.44M |
| Inventory | 33.39M | 42.03M | 56.10M | 98.06M | 82.21M | 27.52M |
| Prepaid Expenses | 14.22M | 9.61M | 10.53M | |||
| Other Current Assets | 21.34M | 20.16M | 1.70M | 1.76M | 953.00K | |
| Total Current Assets | 170.89M | 198.49M | 229.59M | 296.25M | 160.12M | 71.50M |
| Property, Plant & Equipment | 19.23M | 18.10M | 26.83M | 35.39M | 31.48M | 7.30M |
| Long-Term Investments | 53.90M | 59.82M | 24.50M | 6.34M | 22.75M | 36.91M |
| Goodwill | 4.71M | 4.71M | 4.71M | 6.53M | 6.40M | 4.71M |
| Other Intangible Assets | 7.94M | 9.35M | 4.67M | 6.09M | 6.38M | 4.70M |
| Long-Term Deferred Tax Assets | 9.97M | 10.26M | 6.13M | 3.04M | 1.41M | 365.00K |
| Other Long-Term Assets | 451.00K | 5.44M | 18.83M | 1.87M | 582.00K | 420.00K |
| Total Assets | 267.09M | 306.17M | 315.27M | 355.52M | 229.13M | 125.91M |
| Accounts Payable | 5.12M | 7.03M | 2.78M | 8.89M | 24.12M | 9.21M |
| Accrued Expenses | 5.78M | 8.79M | 6.97M | 7.97M | 18.01M | 9.41M |
| Short-Term Debt | 6.29M | 4.39M | ||||
| Current Portion of Long-Term Debt | 2.11M | |||||
| Current Portion of Leases | 2.74M | 2.82M | 2.53M | 3.74M | 3.38M | 915.00K |
| Current Income Taxes Payable | 1.79M | 933.00K | ||||
| Other Current Liabilities | 17.96M | 12.06M | ||||
| Total Current Liabilities | 13.63M | 36.60M | 24.35M | 29.00M | 51.69M | 20.47M |
| Long-Term Debt | 18.67M | |||||
| Long-Term Leases | 7.54M | 5.93M | 8.76M | 10.63M | 10.41M | 1.61M |
| Long-Term Deferred Tax Liabilities | 721.00K | 774.00K | ||||
| Other Long-Term Liabilities | 7.47M | 6.40M | ||||
| Total Liabilities | 21.17M | 50.01M | 39.51M | 40.35M | 81.55M | 22.09M |
| Common Stock | 136.00K | 138.00K | 142.00K | 153.00K | 138.00K | 137.00K |
| Additional Paid-In Capital | 137.35M | 147.38M | 159.58M | 188.22M | 54.54M | 58.25M |
| Retained Earnings | 108.77M | 106.91M | 114.96M | 127.34M | 94.80M | 45.44M |
| Comprehensive Income & Other | -339.00K | 1.73M | 1.08M | -544.00K | -1.90M | |
| Shareholders' Equity | 245.92M | 256.16M | 275.76M | 315.16M | 147.58M | 103.82M |
| Total Liabilities & Equity | 267.09M | 306.17M | 315.27M | 355.52M | 229.13M | 125.91M |
| Total Debt | 10.28M | 8.76M | 11.29M | 22.77M | 36.85M | 2.53M |
| Net Cash (Debt) | 90.95M | 97.22M | 117.68M | 145.35M | -14.40M | 21.06M |
| Net Cash Per Share | 6.62 | 6.95 | 8.07 | 9.68 | -1.04 | 1.53 |
| Filing Date Shares Outstanding | 13.58M | 13.84M | 14.29M | 15.25M | 13.82M | 13.73M |
| Total Common Shares Outstanding | 13.60M | 13.84M | 14.23M | 15.25M | 13.82M | 13.73M |
| Working Capital | 157.25M | 161.88M | 205.24M | 267.25M | 108.43M | 51.03M |
| Book Value Per Share | 18.09 | 18.51 | 19.38 | 20.66 | 10.68 | 7.56 |
| Tangible Book Value | 233.27M | 242.10M | 266.38M | 302.54M | 134.80M | 94.42M |
| Tangible Book Value Per Share | 17.16 | 17.49 | 18.72 | 19.83 | 9.76 | 6.88 |
| Machinery | 22.18M | 21.55M | 28.59M | 22.93M | 12.33M | |
| Construction In Progress | 2.46M | 6.29M | 2.45M | 1.72M | 150.00K | |
| Leasehold Improvements | 6.26M | 6.08M | 6.11M | 5.00M | 2.59M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.22M | -8.05M | -12.45M | 32.53M | 49.36M | 20.33M |
| Depreciation & Amortization | 6.10M | 6.12M | 5.92M | 4.59M | 3.43M | 2.30M |
| Loss (Gain) From Sale of Assets | -284.00K | -284.00K | 10.00K | 3.00K | ||
| Loss (Gain) From Sale of Investments | -555.00K | -1.78M | -4.41M | -3.51M | -42.00K | -7.00K |
| Stock-Based Compensation | 4.80M | 4.60M | 4.38M | 3.58M | 2.34M | 1.28M |
| Provision & Write-off of Bad Debts | 210.00K | |||||
| Other Operating Activities | 7.36M | 10.12M | 581.00K | -812.00K | -326.00K | -187.00K |
| Change in Accounts Receivable | -5.11M | -3.55M | 6.47M | 27.09M | -24.23M | -9.15M |
| Change in Inventory | 7.21M | 13.64M | 26.46M | -11.14M | -43.74M | -13.12M |
| Change in Accounts Payable | -1.87M | 5.56M | 264.00K | -27.43M | 15.76M | 9.78M |
| Change in Other Net Operating Assets | 1.05M | 173.00K | -9.46M | -309.00K | -282.00K | -531.00K |
| Operating Cash Flow | 20.06M | 29.45M | 22.22M | 18.42M | 2.26M | 10.90M |
| Capital Expenditures | -4.13M | -4.74M | -7.99M | -7.44M | -9.15M | -2.05M |
| Sale of Property, Plant & Equipment | 903.00K | 903.00K | 45.00K | |||
| Cash Acquisitions | -16.19M | |||||
| Investment in Securities | -11.02M | -3.21M | 2.67M | -103.86M | 17.14M | -11.55M |
| Other Investing Activities | -104.00K | -1.80M | -1.63M | -945.00K | ||
| Investing Cash Flow | -15.36M | -8.84M | -6.90M | -112.25M | -8.20M | -13.60M |
| Long-Term Debt Issued | 16.70M | |||||
| Short-Term Debt Repaid | -1.26M | |||||
| Long-Term Debt Repaid | -16.70M | |||||
| Total Debt Repaid | -16.70M | -1.26M | ||||
| Net Debt Issued (Repaid) | -16.70M | 15.44M | ||||
| Issuance of Common Stock | 513.00K | 595.00K | 587.00K | 131.83M | 544.00K | 384.00K |
| Repurchase of Common Stock | -14.51M | -17.15M | -33.87M | -1.22M | -6.59M | -920.00K |
| Other Financing Activities | -3.22M | 2.31M | -3.63M | 1.09M | ||
| Financing Cash Flow | -17.22M | -14.24M | -36.91M | 115.00M | 9.40M | -536.00K |
| Foreign Exchange Rate Adjustments | -97.00K | -81.00K | -2.00K | -24.00K | ||
| Miscellaneous Cash Flow Adjustments | 177.00K | 1.08M | -19.00K | -1.01M | -1.00K | |
| Net Cash Flow | -12.35M | 7.34M | -21.68M | 20.17M | 3.43M | -3.23M |
| Free Cash Flow | 15.93M | 24.71M | 14.24M | 10.98M | -6.89M | 8.86M |
| Free Cash Flow Margin | 10.37% | 16.46% | 11.34% | 4.87% | -2.54% | 6.29% |
| Free Cash Flow Per Share | 1.16 | 1.77 | 0.98 | 0.73 | -0.49 | 0.64 |
| Levered Free Cash Flow | 21.56M | 27.37M | 22.77M | 6.59M | -28.09M | 4.69M |
| Unlevered Free Cash Flow | 21.56M | 27.37M | 22.77M | 6.70M | -27.89M | 4.69M |
| Cash Interest Paid | 170.00K | 119.00K | ||||
| Cash Income Tax Paid | 420.00K | 1.67M | 160.00K | 12.76M | 13.74M | 5.50M |
| Change in Working Capital | 1.28M | 15.83M | 23.74M | -11.79M | -52.50M | -13.02M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 435.09M | 474.65M | 554.71M | 437.40M | 1.44B | 606.73M |
| Enterprise Value | 344.15M | 386.04M | 455.11M | 301.48M | 1.44B | 577.31M |
| Last Close Price | 32.03 | 34.38 | 38.96 | 28.66 | 104.64 | 44.15 |
| PE Ratio | 13.45 | 29.21 | 29.85 | |||
| Forward PE | 59.59 | 98.94 | 20.56 | 39.15 | 30.16 | 29.73 |
| PS Ratio | 2.83 | 3.16 | 4.42 | 1.94 | 5.32 | 4.31 |
| PB Ratio | 1.77 | 1.85 | 2.01 | 1.39 | 9.77 | 5.84 |
| P/TBV Ratio | 1.87 | 1.96 | 2.08 | 1.45 | 10.70 | 6.43 |
| P/FCF Ratio | 27.32 | 19.21 | 38.96 | 39.82 | 68.50 | |
| P/OCF Ratio | 21.69 | 16.12 | 24.96 | 23.74 | 638.48 | 55.65 |
| PEG Ratio | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | |
| EV/Sales Ratio | 2.24 | 2.57 | 3.62 | 1.34 | 5.30 | 4.10 |
| EV/EBITDA Ratio | 60.03 | 46.85 | 7.15 | 20.87 | 20.97 | |
| EV/EBIT Ratio | 182.27 | 8.02 | 21.96 | 22.88 | ||
| EV/FCF Ratio | 21.61 | 15.62 | 31.96 | 27.45 | 65.18 | |
| Debt / Equity Ratio | 0.04 | 0.03 | 0.04 | 0.07 | 0.25 | 0.02 |
| Debt / EBITDA Ratio | 1.10 | 0.73 | 0.50 | 0.51 | 0.09 | |
| Debt / FCF Ratio | 0.65 | 0.35 | 0.79 | 2.07 | 0.29 | |
| Net Debt / Equity Ratio | -0.37 | -0.38 | -0.43 | -0.46 | 0.10 | -0.20 |
| Net Debt / EBITDA Ratio | -15.86 | -11.80 | 8.84 | -3.45 | 0.21 | -0.77 |
| Net Debt / FCF Ratio | -5.71 | -3.94 | -8.27 | -13.23 | -2.09 | -2.38 |
| Asset Turnover | 0.53 | 0.48 | 0.37 | 0.77 | 1.53 | 1.27 |
| Inventory Turnover | 2.36 | 2.03 | 1.29 | 1.62 | 2.88 | 3.80 |
| Quick Ratio | 9.04 | 3.43 | 5.87 | 6.78 | 1.47 | 2.10 |
| Current Ratio | 12.53 | 5.42 | 9.43 | 10.21 | 3.10 | 3.49 |
| Return on Equity (ROE) | 1.56% | 2.37% | -2.88% | 14.57% | 39.27% | 21.79% |
| Return on Assets (ROA) | -0.08% | 0.43% | -3.58% | 8.03% | 23.03% | 14.26% |
| Return on Invested Capital (ROIC) | -0.17% | 0.97% | -11.73% | 17.93% | 41.34% | 28.22% |
| Return on Capital Employed (ROCE) | -0.10% | 0.80% | -6.60% | 11.50% | 36.90% | 23.90% |
| Earnings Yield | -1.64% | -1.70% | -2.25% | 7.44% | 3.42% | 3.35% |
| FCF Yield | 3.66% | 5.21% | 2.57% | 2.51% | -0.48% | 1.46% |
| Buyback Yield / Dilution | 2.53% | 4.07% | 2.86% | -7.96% | -0.88% | -1.03% |