Free Trial

Clearfield (CLFD) Financials

Clearfield logo
$32.91 +1.67 (+5.35%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$32.91 +0.00 (+0.01%)
As of 08/22/2025 05:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Clearfield

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

Quarterly Income Statements for Clearfield

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

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

Annual Cash Flow Statements for Clearfield

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

Quarterly Cash Flow Statements for Clearfield

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

Annual Balance Sheets for Clearfield

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

Quarterly Balance Sheets for Clearfield

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

Annual Metrics And Ratios for Clearfield

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

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

Quarterly Metrics And Ratios for Clearfield

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

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

Key Financial Trends

Clearfield, Inc. (NASDAQ: CLFD) has reported its latest quarterly financial results for Q1 2025, providing insight into its recent performance and financial health. We analyzed key data points spanning income statements, cash flow statements, and balance sheets over the last four years to identify trends and developments.

Positive factors observed:

  • Clearfield maintains strong liquidity with a sizeable cash and short-term investments balance of approximately $112 million in Q1 2025, providing financial flexibility.
  • Net cash from operating activities remains positive in Q1 2025, generating $7.15 million despite the net loss on the income statement, indicating solid cash flow management.
  • Consistent investment in property, plant, and equipment (~$2 million quarterly), showing commitment to maintaining or growing operational capacity.
  • The company has low long-term debt relative to total assets, with about $2 million in long-term debt against total assets of $303 million as of Q1 2025, indicating a strong balance sheet.
  • Over the past year, Clearfield has been able to continue generating substantial total revenues, generally ranging from about $34 million to $49 million quarterly, reflecting sustained demand for its products.
  • Depreciation and non-cash adjustments help to reconcile net income to cash flow, providing positive adjustments to operating cash flows.
  • Weighted average shares outstanding have remained relatively stable around 14-15 million shares, minimizing dilution concerns in the recent periods analyzed.

Neutral observations:

  • Net losses reported in recent quarters (including a $1.9 million loss in Q1 2025) signal ongoing challenges in achieving profitability during these periods, though this is partly offset by other income.
  • Clearfield’s operating expenses, particularly selling, general & admin expenses, are higher than gross profit in recent quarters, contributing to operating losses but they have been fairly consistent around $12-13 million.
  • Interest and investment income provide some positive offset to operating losses but have not been sufficient to bring pre-tax income into positive territory in recent quarters.
  • Inventory levels remain high at approximately $59 million as of Q1 2025, which might suggest buildup or slower movement but could also reflect strategic stocking depending on demand cycles.
  • Accounts receivable decreased from prior quarters (Q1 2025 at $14 million, down from higher levels in prior quarters), which may indicate improving collections or sales mix impacts.

Negative trends and risks:

  • The company experienced a decline in total revenue from Q3 2024 ($48.8 million) down to $35.5 million in Q1 2025, indicating softening sales that may pressure margins and earnings.
  • Net income has been negative for several recent quarters, including Q1 2024 to Q1 2025, reflecting operational profitability pressures.
  • Significant purchases of investments and large sales/maturities of investments in recent quarters cause fluctuations in investing cash flows, which might add volatility to reported cash positions.
  • There has been consistent share repurchase activity (millions of dollars spent over quarters) which reduces cash and equity but is likely aimed at supporting share price — this warrants careful monitoring of capital allocation efficiency.
  • The company's gross profit margins have compressed recently as cost of revenue remains a high percentage of total revenue, impacting overall profitability.

Summary:

Clearfield shows solid liquidity and positive operating cash flow despite recent net losses. The company continues to invest in its operations and manage its balance sheet conservatively with low debt. However, revenue softness and profitability challenges persist, highlighted by operating losses and consistent net losses over recent quarters. Investors should watch for signs of revenue stabilization and improved profitability in coming quarters alongside effective capital deployment strategies.

08/24/25 04:26 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Clearfield's Financials

When does Clearfield's financial year end?

According to the most recent income statement we have on file, Clearfield's fiscal year ends in September. Their fiscal 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. View Clearfield's forecast to see where analysts expect Clearfield to go next.

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's 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%.



This page (NASDAQ:CLFD) was last updated on 8/24/2025 by MarketBeat.com Staff
From Our Partners