Clearfield (CLFD) Financials

$37.69 -0.03 (-0.08%)

Closing price 04:00 PM Eastern

Extended Trading

$37.67 -0.02 (-0.05%)

As of 04:27 PM Eastern

Annual Income Statements for Clearfield

This table shows Clearfield's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/30/2024	9/30/2023	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-12	33	49
Consolidated Net Income / (Loss)	-12	33	49
Net Income / (Loss) Continuing Operations	-12	33	49
Total Pre-Tax Income	-16	42	64
Total Operating Income	-23	37	64
Total Gross Profit	29	85	113
Total Revenue	167	269	271
Operating Revenue	167	269	271
Total Cost of Revenue	138	183	158
Operating Cost of Revenue	138	183	158
Total Operating Expenses	52	48	49
Selling, General & Admin Expense	52	48	49
Total Other Income / (Expense), net	6.97	4.33	0.02
Interest & Investment Income	6.97	4.33	0.02
Income Tax Expense	-3.80	9.08	14
Basic Earnings per Share	($0.85)	$2.17	$3.58
Weighted Average Basic Shares Outstanding	14.58M	14.98M	13.77M
Diluted Earnings per Share	($0.85)	$2.17	$3.55
Weighted Average Diluted Shares Outstanding	14.58M	15.01M	13.91M
Weighted Average Basic & Diluted Shares Outstanding	14.29M	15.25M	13.82M

This table shows Clearfield's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.91	-0.83	-0.45	-5.91	-5.27	2.70	5.22	10	14	46	-17
Consolidated Net Income / (Loss)	-1.91	-0.83	-0.45	-5.91	-5.27	2.70	5.22	10	14	17	13
Net Income / (Loss) Continuing Operations	-1.91	-0.83	-0.45	-5.91	-5.27	2.70	5.22	10	14	46	-17
Total Pre-Tax Income	-2.33	-1.32	-0.72	-7.99	-6.22	3.26	7.06	13	18	22	17
Total Operating Income	-3.98	-3.01	-2.31	-9.74	-8.16	1.72	5.63	12	18	22	17
Total Gross Profit	8.18	11	11	2.83	4.70	12	19	24	31	38	29
Total Revenue	35	47	49	37	34	50	61	72	86	166	0.00
Operating Revenue	35	47	49	37	34	50	61	72	86	-	-
Total Cost of Revenue	27	36	38	34	30	38	42	48	55	99	0.00
Operating Cost of Revenue	27	36	38	34	30	38	42	48	55	-	-
Total Operating Expenses	12	14	13	13	13	10	13	12	13	15	13
Selling, General & Admin Expense	12	14	13	13	13	10	13	12	13	15	13
Total Other Income / (Expense), net	1.64	1.69	1.58	1.75	1.94	1.55	1.44	1.28	0.06	-0.27	0.04
Interest & Investment Income	1.64	1.69	1.58	1.75	1.94	1.55	1.44	1.28	0.06	-0.27	0.04
Income Tax Expense	-0.43	-0.49	-0.28	-2.08	-0.95	0.57	1.84	2.97	3.70	4.99	3.88
Basic Earnings per Share	($0.13)	($0.06)	($0.04)	($0.40)	($0.35)	$0.16	$0.33	$0.67	$1.01	$1.22	$0.93
Weighted Average Basic Shares Outstanding	14.21M	14.58M	14.25M	14.63M	15.21M	14.98M	15.25M	15.23M	14.17M	13.77M	13.77M
Diluted Earnings per Share	($0.13)	($0.06)	($0.04)	($0.40)	($0.35)	$0.17	$0.33	$0.67	$1.00	$1.22	$0.92
Weighted Average Diluted Shares Outstanding	14.21M	14.58M	14.25M	14.63M	15.21M	15.01M	15.25M	15.26M	14.28M	13.91M	13.90M
Weighted Average Basic & Diluted Shares Outstanding	14.13M	14.29M	14.24M	14.23M	14.71M	15.25M	15.26M	-	15.25M	13.82M	13.78M

This table details how cash moves in and out of Clearfield's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/30/2024	9/30/2023	9/30/2022
Net Change in Cash & Equivalents	-22	21	3.43
Net Cash From Operating Activities	22	18	2.26
Net Cash From Continuing Operating Activities	22	18	2.26
Net Income / (Loss) Continuing Operations	-12	33	49
Consolidated Net Income / (Loss)	-12	33	49
Depreciation Expense	7.41	6.05	3.43
Amortization Expense	-4.41	-3.51	-0.04
Non-Cash Adjustments To Reconcile Net Income	4.64	3.58	2.34
Changes in Operating Assets and Liabilities, net	27	-20	-53
Net Cash From Investing Activities	-6.90	-112	-8.20
Net Cash From Continuing Investing Activities	-6.90	-112	-8.20
Purchase of Property, Plant & Equipment	-9.57	-8.38	-9.15
Acquisitions	0.00	0.00	-16
Purchase of Investments	-159	-211	-0.25
Sale and/or Maturity of Investments	162	107	17
Net Cash From Financing Activities	-37	115	9.40
Net Cash From Continuing Financing Activities	-37	115	9.40
Repayment of Debt	-2.17	0.00	0.00
Repurchase of Common Equity	-33	0.00	0.00
Issuance of Debt	2.17	-17	17
Issuance of Common Equity	0.59	132	0.54
Other Financing Activities, net	-4.12	-0.13	-7.85
Other Net Changes in Cash	-0.08	-0.00	-0.02
Cash Interest Paid	0.39	0.46	0.12
Cash Income Taxes Paid	0.16	13	14

This table details how cash moves in and out of Clearfield's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	14	-9.46	9.81	-19	-3.34	6.44	-106	107	14	2.46	0.27
Net Cash From Operating Activities	7.15	14	3.87	-3.23	11	4.94	3.34	9.04	1.10	12	1.99
Net Cash From Continuing Operating Activities	7.15	14	3.87	-3.23	11	4.94	3.34	9.04	1.10	12	1.99
Net Income / (Loss) Continuing Operations	-1.91	-0.83	-0.45	-5.91	-5.27	2.70	5.22	10	14	17	13
Consolidated Net Income / (Loss)	-1.91	-0.83	-0.45	-5.91	-5.27	2.70	5.22	10	14	17	13
Depreciation Expense	1.84	1.93	1.91	1.88	1.65	1.64	1.59	1.47	1.35	1.22	0.84
Amortization Expense	-0.77	-1.10	-1.11	-1.04	-1.16	-1.08	-1.29	-0.92	-0.22	-0.01	-0.01
Non-Cash Adjustments To Reconcile Net Income	1.14	1.20	1.15	1.06	1.27	1.07	1.06	0.78	0.66	0.69	0.64
Changes in Operating Assets and Liabilities, net	6.85	13	2.36	0.78	14	0.61	-3.24	-2.66	-15	-7.35	-12
Net Cash From Investing Activities	13	-19	11	0.25	0.91	0.13	-109	98	-101	-19	-1.92
Net Cash From Continuing Investing Activities	13	-19	11	0.25	0.91	0.13	-109	98	-101	-19	-1.92
Purchase of Property, Plant & Equipment	-2.07	-3.96	-1.22	-1.98	-2.41	-1.86	-1.73	-2.58	-2.21	-2.38	-1.92
Purchase of Investments	-39	-35	-76	-	-48	-	-112	-0.25	-99	-	-
Sale and/or Maturity of Investments	54	20	89	2.23	51	1.98	4.33	101	0.00	-	-
Net Cash From Financing Activities	-6.39	-3.87	-5.22	-16	-15	1.32	0.29	-0.13	114	9.51	0.20
Net Cash From Continuing Financing Activities	-6.39	-3.87	-5.22	-16	-15	1.32	0.29	-0.13	114	9.51	0.20
Repayment of Debt	0.08	-0.03	-2.14	-	-2.97	17	-	-	-17	-	-
Repurchase of Common Equity	-6.28	-	-5.56	-16	-12	-	-	-	0.00	-	-
Issuance of Common Equity	0.30	0.00	0.34	-	0.25	-0.00	0.31	-	132	-	0.30
Other Financing Activities, net	-0.49	-3.87	-	-0.01	-0.24	1.32	-0.02	-0.13	-1.30	-7.19	-0.10
Effect of Exchange Rate Changes	0.13	-	-0.00	-0.04	0.09	-	-0.13	-	-	-	-
Cash Interest Paid	0.06	0.09	0.13	0.09	0.09	0.10	0.09	0.06	0.21	0.12	-
Cash Income Taxes Paid	0.41	-0.01	0.01	0.10	0.06	0.38	2.38	10	0.00	3.83	2.98

This table presents Clearfield's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/30/2024	9/30/2023	9/30/2022
Total Assets	315	356	229
Total Current Assets	230	296	160
Cash & Equivalents	16	38	17
Short-Term Investments	115	130	5.80
Accounts Receivable	21	28	54
Inventories, net	67	98	82
Other Current Assets	11	1.70	1.76
Plant, Property, & Equipment, net	24	22	18
Total Noncurrent Assets	62	38	51
Long-Term Investments	25	6.34	23
Goodwill	6.63	6.53	6.40
Intangible Assets	6.34	6.09	6.38
Noncurrent Deferred & Refundable Income Taxes	6.14	3.04	1.41
Other Noncurrent Operating Assets	18	16	14
Total Liabilities & Shareholders' Equity	315	356	229
Total Liabilities	40	40	82
Total Current Liabilities	24	29	52
Accounts Payable	6.72	8.89	24
Accrued Expenses	4.38	2.40	6.18
Current Employee Benefit Liabilities	6.98	5.57	14
Other Current Liabilities	6.28	10	7.78
Total Noncurrent Liabilities	15	11	30
Long-Term Debt	2.23	0.00	19
Noncurrent Deferred & Payable Income Tax Liabilities	0.16	0.72	0.77
Other Noncurrent Operating Liabilities	13	11	10
Total Equity & Noncontrolling Interests	276	315	148
Total Preferred & Common Equity	276	315	148
Preferred Stock	0.00	0.00	0.00
Total Common Equity	276	315	148
Common Stock	160	188	55
Retained Earnings	115	127	95
Accumulated Other Comprehensive Income / (Loss)	1.08	-0.54	-1.90

This table presents Clearfield's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q1 2023	Q3 2022
Period end date	12/31/2024	6/30/2024	3/31/2024	12/31/2023	6/30/2023	3/31/2023	6/30/2022
Total Assets	303	318	315	336	361	357	178
Total Current Assets	198	236	257	277	303	301	120
Cash & Equivalents	30	26	16	34	31	137	14
Short-Term Investments	83	98	127	128	131	20	3.89
Accounts Receivable	14	28	22	17	32	39	32
Inventories, net	59	75	84	95	105	101	69
Other Current Assets	12	9.88	8.64	1.81	4.08	3.66	1.05
Plant, Property, & Equipment, net	24	21	22	23	21	21	9.57
Total Noncurrent Assets	82	60	36	36	37	35	48
Long-Term Investments	42	24	6.52	6.51	6.56	8.53	25
Goodwill	6.49	6.55	6.57	6.62	6.58	6.59	4.71
Intangible Assets	6.10	6.40	6.22	5.98	6.34	6.46	4.69
Noncurrent Deferred & Refundable Income Taxes	6.62	5.51	2.84	2.75	1.00	0.96	0.65
Other Noncurrent Operating Assets	20	18	13	14	16	13	13
Total Liabilities & Shareholders' Equity	303	318	315	336	361	357	178
Total Liabilities	36	44	36	36	49	52	41
Total Current Liabilities	19	28	26	25	37	40	31
Accounts Payable	4.33	9.05	5.91	7.37	12	17	16
Accrued Expenses	2.56	3.03	2.74	2.75	3.34	5.05	2.76
Current Employee Benefit Liabilities	5.40	7.15	5.87	5.28	7.32	6.32	8.92
Other Current Liabilities	6.44	8.94	9.69	7.34	12	12	2.77
Total Noncurrent Liabilities	17	15	9.82	11	12	12	10
Long-Term Debt	2.07	2.14	-	-	0.00	2.18	-
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.07	0.72	0.61	0.78	0.82	-
Other Noncurrent Operating Liabilities	15	13	9.10	9.97	12	8.94	10
Total Equity & Noncontrolling Interests	267	275	279	300	312	305	137
Total Preferred & Common Equity	267	275	279	300	312	305	137
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	267	275	279	300	312	305	137
Common Stock	154	159	163	177	188	186	60
Retained Earnings	113	116	116	122	125	119	78
Accumulated Other Comprehensive Income / (Loss)	-0.02	0.02	0.13	0.48	-0.27	-0.23	-0.96

This table displays calculated financial ratios and metrics derived from Clearfield's official financial filings.

Metric	2024	2023	2022
Period end date	9/30/2024	9/30/2023	9/30/2022
Growth Metrics	-	-	-
Revenue Growth	-37.96%	-0.80%	92.45%
EBITDA Growth	-150.76%	-40.73%	144.11%
EBIT Growth	-162.28%	-41.57%	152.90%
NOPAT Growth	-155.76%	-40.93%	147.59%
Net Income Growth	-138.28%	-34.09%	142.84%
EPS Growth	-139.17%	-38.87%	141.50%
Operating Cash Flow Growth	20.62%	715.94%	-79.29%
Free Cash Flow Firm Growth	-44.87%	126.01%	-494.71%
Invested Capital Growth	-14.23%	17.98%	179.43%
Revenue Q/Q Growth	-1.72%	-30.26%	80.78%
EBITDA Q/Q Growth	-28.32%	-34.72%	25.11%
EBIT Q/Q Growth	-25.58%	-35.51%	25.30%
NOPAT Q/Q Growth	-25.58%	-35.05%	24.99%
Net Income Q/Q Growth	-39.45%	-30.53%	24.04%
EPS Q/Q Growth	-37.10%	-32.61%	24.13%
Operating Cash Flow Q/Q Growth	48.22%	-22.49%	134.72%
Free Cash Flow Firm Q/Q Growth	7.67%	207.49%	-70.86%
Invested Capital Q/Q Growth	-4.83%	-1.80%	29.20%
Profitability Metrics	-	-	-
Gross Margin	17.33%	31.74%	41.70%
EBITDA Margin	-12.13%	14.82%	24.81%
Operating Margin	-13.93%	13.88%	23.56%
EBIT Margin	-13.93%	13.88%	23.56%
Profit (Net Income) Margin	-7.47%	12.11%	18.22%
Tax Burden Percent	76.61%	78.18%	77.33%
Interest Burden Percent	70.00%	111.60%	100.03%
Effective Tax Rate	0.00%	21.82%	22.67%
Return on Invested Capital (ROIC)	-12.25%	22.10%	60.05%
ROIC Less NNEP Spread (ROIC-NNEP)	-14.59%	18.70%	60.02%
Return on Net Nonoperating Assets (RNNOA)	8.04%	-8.03%	-20.78%
Return on Equity (ROE)	-4.21%	14.06%	39.27%
Cash Return on Invested Capital (CROIC)	3.07%	5.59%	-34.53%
Operating Return on Assets (OROA)	-6.92%	12.76%	35.95%
Return on Assets (ROA)	-3.71%	11.13%	27.81%
Return on Common Equity (ROCE)	-4.21%	14.06%	39.27%
Return on Equity Simple (ROE_SIMPLE)	-4.52%	10.32%	33.45%
Net Operating Profit after Tax (NOPAT)	-16	29	49
NOPAT Margin	-9.75%	10.85%	18.22%
Net Nonoperating Expense Percent (NNEP)	2.34%	3.40%	0.03%
Cost of Revenue to Revenue	82.67%	68.26%	58.30%
SG&A Expenses to Revenue	31.26%	17.86%	18.14%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.26%	17.86%	18.14%
Earnings before Interest and Taxes (EBIT)	-23	37	64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	40	67
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.01	1.39	9.77
Price to Tangible Book Value (P/TBV)	2.11	1.45	10.69
Price to Revenue (P/Rev)	3.33	1.63	5.32
Price to Earnings (P/E)	0.00	13.44	29.21
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	7.44%	3.42%
Enterprise Value to Invested Capital (EV/IC)	3.28	1.86	11.69
Enterprise Value to Revenue (EV/Rev)	2.41	0.99	5.22
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.65	21.06
Enterprise Value to EBIT (EV/EBIT)	0.00	7.11	22.18
Enterprise Value to NOPAT (EV/NOPAT)	0.00	9.09	28.68
Enterprise Value to Operating Cash Flow (EV/OCF)	18.06	14.39	626.73
Enterprise Value to Free Cash Flow (EV/FCFF)	98.64	35.91	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.01	0.01	0.13
Long-Term Debt to Equity	0.01	0.00	0.13
Financial Leverage	-0.55	-0.43	-0.35
Leverage Ratio	1.14	1.26	1.41
Compound Leverage Factor	0.79	1.41	1.41
Debt to Total Capital	0.80%	0.67%	11.23%
Short-Term Debt to Total Capital	0.00%	0.67%	0.00%
Long-Term Debt to Total Capital	0.80%	0.00%	11.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.20%	99.33%	88.77%
Debt to EBITDA	-0.11	0.05	0.28
Net Debt to EBITDA	7.58	-4.33	-0.39
Long-Term Debt to EBITDA	-0.11	0.00	0.28
Debt to NOPAT	-0.14	0.07	0.38
Net Debt to NOPAT	9.43	-5.91	-0.54
Long-Term Debt to NOPAT	-0.14	0.00	0.38
Altman Z-Score	10.00	9.01	13.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	9.43	10.21	3.10
Quick Ratio	6.25	6.78	1.47
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	4.07	7.38	-28
Operating Cash Flow to CapEx	232.29%	219.75%	24.68%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.50	0.92	1.53
Accounts Receivable Turnover	6.71	6.55	7.41
Inventory Turnover	1.67	2.04	2.88
Fixed Asset Turnover	7.33	13.52	23.32
Accounts Payable Turnover	17.66	11.11	9.48
Days Sales Outstanding (DSO)	54.41	55.76	49.28
Days Inventory Outstanding (DIO)	218.26	179.34	126.80
Days Payable Outstanding (DPO)	20.67	32.84	38.52
Cash Conversion Cycle (CCC)	252.00	202.25	137.56
Capital & Investment Metrics	-	-	-
Invested Capital	122	143	121
Invested Capital Turnover	1.26	2.04	3.30
Increase / (Decrease) in Invested Capital	-20	22	78
Enterprise Value (EV)	401	265	1,415
Market Capitalization	555	437	1,442
Book Value per Share	$19.37	$20.65	$10.71
Tangible Book Value per Share	$18.46	$19.82	$9.78
Total Capital	278	317	166
Total Debt	2.23	2.11	19
Total Long-Term Debt	2.23	0.00	19
Net Debt	-153	-172	-27
Capital Expenditures (CapEx)	9.57	8.38	9.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	74	101	86
Debt-free Net Working Capital (DFNWC)	205	269	108
Net Working Capital (NWC)	205	267	108
Net Nonoperating Expense (NNE)	-3.80	-3.38	-0.01
Net Nonoperating Obligations (NNO)	-153	-172	-27
Total Depreciation and Amortization (D&A)	3.01	2.54	3.38
Debt-free, Cash-free Net Working Capital to Revenue	44.54%	37.68%	31.74%
Debt-free Net Working Capital to Revenue	123.12%	100.24%	40.03%
Net Working Capital to Revenue	123.12%	99.45%	40.03%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.85)	$2.17	$3.58
Adjusted Weighted Average Basic Shares Outstanding	14.58M	14.98M	13.77M
Adjusted Diluted Earnings per Share	($0.85)	$2.17	$3.55
Adjusted Weighted Average Diluted Shares Outstanding	14.58M	15.01M	13.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.29M	15.25M	13.82M
Normalized Net Operating Profit after Tax (NOPAT)	-16	29	49
Normalized NOPAT Margin	-9.75%	10.85%	18.22%
Pre Tax Income Margin	-9.75%	15.49%	23.57%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-268.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Clearfield's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.64%	-5.86%	-20.38%	-48.60%	-60.17%	-70.12%	0.00%	34.24%	68.15%	267.58%	-100.00%
EBITDA Growth	62.14%	-195.96%	-125.41%	-170.62%	-140.32%	-90.29%	-65.99%	-0.32%	39.10%	135.93%	110.17%
EBIT Growth	51.29%	-275.48%	-141.00%	-180.80%	-145.62%	-92.28%	-66.09%	1.04%	37.10%	137.55%	115.35%
NOPAT Growth	51.29%	-248.72%	-138.83%	-172.79%	-140.21%	-91.75%	-67.30%	2.45%	38.01%	134.61%	111.74%
Net Income Growth	63.82%	-130.68%	-108.57%	-157.03%	-136.96%	-84.13%	-59.06%	12.21%	37.21%	128.82%	109.00%
EPS Growth	62.86%	-135.29%	-112.12%	-159.70%	-135.00%	-86.07%	-64.13%	1.52%	33.33%	130.19%	109.09%
Operating Cash Flow Growth	-33.80%	178.35%	15.78%	-135.74%	879.15%	-57.19%	67.59%	180.35%	3,344.12%	314.47%	40.55%
Free Cash Flow Firm Growth	372.02%	189.51%	131.75%	-254.71%	104.62%	66.38%	-9.71%	328.86%	-402.53%	-1,018.58%	-10,759.49%
Invested Capital Growth	-13.83%	-14.23%	-11.50%	0.00%	-6.35%	17.98%	55.23%	0.00%	152.53%	179.43%	149.17%
Revenue Q/Q Growth	-24.15%	-4.14%	32.19%	7.83%	-31.11%	-18.93%	-14.66%	-16.44%	-48.31%	0.00%	-100.00%
EBITDA Q/Q Growth	-32.91%	-45.18%	83.09%	-16.69%	-436.89%	-61.56%	-53.00%	-33.76%	-18.91%	34.69%	37.76%
EBIT Q/Q Growth	-31.96%	-30.66%	76.33%	-19.35%	-575.36%	-69.48%	-53.34%	-32.62%	-19.60%	34.16%	39.02%
NOPAT Q/Q Growth	-31.96%	-30.66%	76.33%	-19.35%	-502.86%	-65.89%	-55.62%	-34.07%	-17.39%	35.29%	39.03%
Net Income Q/Q Growth	-130.47%	-85.01%	92.44%	-12.21%	-295.40%	-48.33%	-49.65%	-27.30%	-16.11%	33.32%	37.99%
EPS Q/Q Growth	-116.67%	-50.00%	90.00%	-14.29%	-305.88%	-48.48%	-50.75%	-33.00%	-18.03%	32.61%	39.39%
Operating Cash Flow Q/Q Growth	-48.03%	255.81%	219.72%	-141.27%	118.49%	47.99%	-63.04%	719.40%	-89.28%	479.38%	117.72%
Free Cash Flow Firm Q/Q Growth	-14.32%	20.56%	110.89%	-4,296.33%	116.25%	57.23%	-153.06%	225.34%	-18.21%	-39.54%	-10.69%
Invested Capital Q/Q Growth	-6.46%	-4.83%	-2.44%	-0.78%	-6.90%	-1.80%	0.00%	-100.00%	17.30%	29.20%	16.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.06%	22.81%	21.91%	7.67%	13.72%	24.14%	31.12%	32.81%	35.66%	22.55%	0.00%
EBITDA Margin	-8.19%	-4.67%	-3.08%	-24.11%	-22.41%	4.58%	9.67%	17.55%	22.14%	14.11%	0.00%
Operating Margin	-11.21%	-6.44%	-4.73%	-26.39%	-23.84%	3.46%	9.18%	16.79%	20.82%	13.38%	0.00%
EBIT Margin	-11.21%	-6.44%	-4.73%	-26.39%	-23.84%	3.46%	9.18%	16.79%	20.82%	13.38%	0.00%
Profit (Net Income) Margin	-5.37%	-1.77%	-0.92%	-16.01%	-15.39%	5.43%	8.51%	14.43%	16.59%	10.22%	0.00%
Tax Burden Percent	81.73%	62.70%	61.74%	73.94%	84.71%	82.60%	73.91%	77.70%	79.42%	77.29%	76.64%
Interest Burden Percent	58.65%	43.78%	31.40%	82.07%	76.19%	190.10%	125.51%	110.64%	100.34%	98.80%	100.26%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	17.40%	26.09%	22.30%	20.59%	22.71%	23.36%
Return on Invested Capital (ROIC)	-10.65%	-5.67%	-4.09%	-51.00%	-26.35%	5.81%	21.86%	0.00%	50.99%	34.09%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.19%	-6.45%	-4.84%	-52.23%	-26.62%	4.53%	20.85%	0.00%	50.95%	34.57%	0.00%
Return on Net Nonoperating Assets (RNNOA)	6.31%	3.56%	2.58%	27.55%	14.53%	-1.95%	-9.74%	0.00%	-26.90%	-11.97%	0.00%
Return on Equity (ROE)	-4.33%	-2.11%	-1.52%	-23.45%	-11.82%	3.87%	12.12%	0.00%	24.10%	22.12%	0.00%
Cash Return on Invested Capital (CROIC)	4.09%	3.07%	2.76%	-211.21%	12.66%	5.59%	-5.74%	0.00%	-32.79%	-34.53%	-25.30%
Operating Return on Assets (OROA)	-5.89%	-3.20%	-2.36%	-15.24%	-14.93%	3.18%	13.12%	0.00%	25.70%	20.42%	0.00%
Return on Assets (ROA)	-2.82%	-0.88%	-0.46%	-9.25%	-9.64%	4.99%	12.17%	0.00%	20.48%	15.59%	0.00%
Return on Common Equity (ROCE)	-4.33%	-2.11%	-1.52%	-23.45%	-11.82%	3.87%	12.12%	0.00%	24.10%	22.12%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-3.40%	0.00%	-3.25%	-1.17%	4.34%	0.00%	15.01%	0.00%	17.43%	0.00%	29.10%
Net Operating Profit after Tax (NOPAT)	-2.78	-2.11	-1.61	-6.82	-5.71	1.42	4.16	9.37	14	17	13
NOPAT Margin	-7.85%	-4.51%	-3.31%	-18.47%	-16.69%	2.85%	6.78%	13.04%	16.53%	10.34%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.55%	0.79%	0.75%	1.23%	0.27%	1.29%	1.01%	0.00%	0.04%	-0.47%	0.06%
Return On Investment Capital (ROIC_SIMPLE)	-1.03%	-	-	-	-1.89%	-	-	-	-	-	-
Cost of Revenue to Revenue	76.94%	77.19%	78.09%	92.33%	86.28%	75.86%	68.88%	67.19%	64.34%	59.82%	0.00%
SG&A Expenses to Revenue	34.27%	29.25%	26.64%	34.06%	37.57%	20.68%	21.95%	16.03%	14.85%	9.17%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.27%	29.25%	26.64%	34.06%	37.57%	20.68%	21.95%	16.03%	14.85%	9.17%	0.00%
Earnings before Interest and Taxes (EBIT)	-3.98	-3.01	-2.31	-9.74	-8.16	1.72	5.63	12	18	22	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.90	-2.19	-1.51	-8.90	-7.67	2.28	5.92	13	19	23	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.66	2.01	2.00	1.62	1.48	1.39	2.32	0.00	4.26	9.77	6.24
Price to Tangible Book Value (P/TBV)	1.74	2.11	2.10	1.70	1.54	1.45	2.42	0.00	4.45	10.69	6.70
Price to Revenue (P/Rev)	2.64	3.33	3.24	2.49	2.05	1.63	1.87	2.19	4.26	5.32	5.69
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	34.11	13.44	9.49	13.04	24.44	29.21	81.34
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	2.93%	7.44%	10.54%	7.67%	4.09%	3.42%	1.23%
Enterprise Value to Invested Capital (EV/IC)	2.53	3.28	3.13	2.32	2.08	1.86	3.82	0.00	8.01	11.69	8.65
Enterprise Value to Revenue (EV/Rev)	1.73	2.41	2.38	1.68	1.28	0.99	1.44	0.00	3.72	5.22	5.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	21.07	6.65	9.11	0.00	15.68	21.06	15.08
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	24.63	7.11	9.61	0.00	16.57	22.18	15.90
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	33.02	9.09	12.38	0.00	21.36	28.68	20.52
Enterprise Value to Operating Cash Flow (EV/OCF)	15.62	18.06	26.88	21.17	9.84	14.39	23.38	0.00	532.02	626.73	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	57.26	98.64	106.62	0.00	15.90	35.91	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.01	0.13	0.00
Long-Term Debt to Equity	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.13	0.00
Financial Leverage	-0.56	-0.55	-0.53	-0.53	-0.55	-0.43	-0.47	0.00	-0.53	-0.35	-0.44
Leverage Ratio	1.13	1.14	1.16	1.13	1.14	1.26	1.20	0.00	1.18	1.41	1.25
Compound Leverage Factor	0.66	0.50	0.36	0.93	0.87	2.40	1.51	0.00	1.18	1.40	1.26
Debt to Total Capital	0.77%	0.80%	0.77%	0.77%	0.73%	0.67%	0.69%	0.00%	0.71%	11.23%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.77%	0.73%	0.67%	0.69%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.77%	0.80%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.71%	11.23%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.23%	99.20%	99.23%	99.23%	99.27%	99.33%	99.31%	0.00%	99.29%	88.77%	100.00%
Debt to EBITDA	-0.13	-0.11	-0.14	-0.26	0.17	0.05	0.04	0.00	0.03	0.28	0.00
Net Debt to EBITDA	9.89	7.58	9.26	17.69	-12.73	-4.33	-2.73	0.00	-2.25	-0.39	0.00
Long-Term Debt to EBITDA	-0.13	-0.11	-0.14	0.00	0.00	0.00	0.00	0.00	0.03	0.28	0.00
Debt to NOPAT	-0.16	-0.14	-0.17	-0.29	0.26	0.07	0.05	0.00	0.04	0.38	0.00
Net Debt to NOPAT	11.47	9.43	11.27	19.92	-19.94	-5.91	-3.71	0.00	-3.07	-0.54	0.00
Long-Term Debt to NOPAT	-0.16	-0.14	-0.17	0.00	0.00	0.00	0.00	0.00	0.04	0.38	0.00
Altman Z-Score	9.17	10.21	9.37	9.39	9.47	8.68	11.28	0.00	17.38	13.26	14.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.57	9.43	8.38	9.76	11.09	10.21	8.21	0.00	7.51	3.10	3.91
Quick Ratio	6.79	6.25	5.38	6.25	7.22	6.78	5.26	0.00	4.91	1.47	1.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16	18	15	-139	3.31	-20	-48	90	-72	-61	-43
Operating Cash Flow to CapEx	345.58%	347.54%	317.23%	-163.38%	447.76%	266.47%	192.84%	349.77%	49.84%	484.35%	103.69%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.50	0.50	0.58	0.63	0.92	1.43	0.00	1.23	1.53	1.03
Accounts Receivable Turnover	10.69	6.71	5.69	8.32	7.65	6.55	12.13	0.00	10.97	7.41	6.27
Inventory Turnover	1.76	1.67	1.55	1.71	1.61	2.04	2.81	0.00	2.56	2.88	1.86
Fixed Asset Turnover	7.21	7.33	7.93	8.12	9.87	13.52	24.95	0.00	22.10	23.32	20.68
Accounts Payable Turnover	23.19	17.66	13.48	24.27	13.12	11.11	17.59	0.00	12.75	9.48	7.34
Days Sales Outstanding (DSO)	34.15	54.41	64.10	43.89	47.72	55.76	30.09	0.00	33.26	49.28	58.19
Days Inventory Outstanding (DIO)	207.08	218.26	235.48	213.60	226.22	179.34	129.75	0.00	142.39	126.80	196.29
Days Payable Outstanding (DPO)	15.74	20.67	27.09	15.04	27.83	32.84	20.75	0.00	28.64	38.52	49.75
Cash Conversion Cycle (CCC)	225.49	252.00	272.50	242.45	246.11	202.25	139.10	0.00	147.01	137.56	204.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	115	122	129	132	133	143	145	0.00	142	121	94
Invested Capital Turnover	1.36	1.26	1.24	2.76	1.58	2.04	3.22	0.00	3.08	3.30	2.28
Increase / (Decrease) in Invested Capital	-18	-20	-17	132	-9.02	22	52	-80	86	78	56
Enterprise Value (EV)	290	401	403	306	277	265	556	0.00	1,137	1,415	810
Market Capitalization	443	555	549	454	444	437	722	709	1,301	1,442	853
Book Value per Share	$18.72	$19.37	$19.29	$18.99	$19.73	$20.65	$20.45	$0.00	$22.10	$10.71	$9.93
Tangible Book Value per Share	$17.84	$18.46	$18.38	$18.12	$18.90	$19.82	$19.60	$0.00	$21.16	$9.78	$9.25
Total Capital	270	278	277	281	302	317	314	0.00	308	166	137
Total Debt	2.07	2.23	2.14	2.16	2.21	2.11	2.17	0.00	2.18	19	0.00
Total Long-Term Debt	2.07	2.23	2.14	0.00	0.00	0.00	0.00	0.00	2.18	19	0.00
Net Debt	-153	-153	-146	-147	-167	-172	-166	0.00	-163	-27	-43
Capital Expenditures (CapEx)	2.07	3.96	1.22	1.98	2.41	1.86	1.73	2.58	2.21	2.38	1.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	74	84	90	91	101	106	0.00	104	86	71
Debt-free Net Working Capital (DFNWC)	179	205	208	233	254	269	268	0.00	261	108	89
Net Working Capital (NWC)	179	205	208	231	252	267	266	0.00	261	108	89
Net Nonoperating Expense (NNE)	-0.88	-1.28	-1.17	-0.91	-0.45	-1.28	-1.06	-1.00	-0.05	0.21	-0.03
Net Nonoperating Obligations (NNO)	-153	-153	-146	-147	-167	-172	-166	0.00	-163	-27	-43
Total Depreciation and Amortization (D&A)	1.07	0.83	0.80	0.84	0.49	0.56	0.30	0.55	1.14	1.21	0.83
Debt-free, Cash-free Net Working Capital to Revenue	39.40%	44.54%	49.65%	49.59%	41.95%	37.68%	27.59%	0.00%	33.96%	31.74%	47.58%
Debt-free Net Working Capital to Revenue	106.69%	123.12%	122.65%	128.06%	116.99%	100.24%	69.66%	0.00%	85.34%	40.03%	59.65%
Net Working Capital to Revenue	106.69%	123.12%	122.65%	126.88%	115.97%	99.45%	69.09%	0.00%	85.34%	40.03%	59.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.13)	($0.06)	($0.04)	($0.40)	($0.35)	$0.16	$0.33	$0.00	$0.00	$1.22	$0.93
Adjusted Weighted Average Basic Shares Outstanding	14.21M	14.58M	14.25M	14.63M	15.21M	14.98M	15.25M	0.00	0.00	13.77M	13.77M
Adjusted Diluted Earnings per Share	($0.13)	($0.06)	($0.04)	($0.40)	($0.35)	$0.17	$0.33	$0.00	$0.00	$1.22	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	14.21M	14.58M	14.25M	14.63M	15.21M	15.01M	15.25M	0.00	0.00	13.91M	13.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.13M	14.29M	14.24M	14.23M	14.71M	15.25M	15.26M	0.00	0.00	13.82M	13.78M
Normalized Net Operating Profit after Tax (NOPAT)	-2.78	-2.11	-1.61	-6.82	-5.71	1.42	4.16	9.37	14	17	13
Normalized NOPAT Margin	-7.85%	-4.51%	-3.31%	-18.47%	-16.69%	2.85%	6.78%	13.04%	16.53%	10.34%	0.00%
Pre Tax Income Margin	-6.57%	-2.82%	-1.48%	-21.66%	-18.17%	6.57%	11.52%	18.57%	20.89%	13.22%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-302.11%	-268.00%	0.00%	0.00%	93.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Clearfield's Financials

When does Clearfield's fiscal year end?

According to the most recent income statement we have on file, Clearfield's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Clearfield's net income changed over the last 2 years?

Clearfield's net income appears to be on a downward trend, with a most recent value of -$12.45 million in 2024, falling from $49.36 million in 2022. The previous period was $32.53 million in 2023. Find out what analysts predict for Clearfield in the coming months.

What is Clearfield's operating income?

Clearfield's total operating income in 2024 was -$23.22 million, based on the following breakdown:

Total Gross Profit: $28.89 million
Total Operating Expenses: $52.11 million

How has Clearfield revenue changed over the last 2 years?

Over the last 2 years, Clearfield's total revenue changed from $270.88 million in 2022 to $166.71 million in 2024, a change of -38.5%.

How much debt does Clearfield have?

Clearfield's total liabilities were at $39.51 million at the end of 2024, a 2.1% decrease from 2023, and a 51.5% decrease since 2022.

How much cash does Clearfield have?

In the past 2 years, Clearfield's cash and equivalents has ranged from $16.17 million in 2024 to $37.83 million in 2023, and is currently $16.17 million as of their latest financial filing in 2024.

How has Clearfield's book value per share changed over the last 2 years?

Over the last 2 years, Clearfield's book value per share changed from 10.71 in 2022 to 19.37 in 2024, a change of 80.8%.

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This page (NASDAQ:CLFD) was last updated on 5/29/2025 by MarketBeat.com Staff

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Clearfield (CLFD) Financials

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Clearfield (CLFD) Financials

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