Clearfield, Inc. CLFD

Technology SIC 3661 - Telephone & Telegraph Apparatus NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

We design, manufacture, and distribute fiber protection, fiber management, and fiber delivery solutions to enable rapid and cost-effective fiber-fed deployment throughout the broadband service provider space primarily across North America. Our "fiber to anywhere" platform serves the unique requirements of Community Broadband customers (Tier 2 and 3 telco carriers, utilities, municipalities, and alternative carriers), Multiple System Operators (cable television), Large Regional Service Providers (ILEC operating a multi-state network with more than 500,000 subscribers), National Carriers (wireline/wireless national telco carriers (Tier 1)), and International customers (primarily Europe, Canada, Mexico, and Caribbean Markets).

Last close 27.70 2026-10-23
Market cap $376.3M 2026-06-30 share count
52-week range 23.76 - 52.73

Valuation FY2025 figures against the last close

P/S2.5x
P/E—
P/FCF17.3x
EV/EBITDA45.7x
Dividend yield—
Diluted EPS-0.58

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • UNITED STATES - Revenue Benchmark - Geographic Concentration Risk
  • Non-US - Revenue Benchmark - Geographic Concentration Risk
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 UNITED STATES - Revenue Benchmark - Geographic Concentration Risk, FY2025: 144.9M (96.5%) 97% UNITED STATES - Revenue Benchmark - Geographic Concentration Risk Non-US - Revenue Benchmark - Geographic Concentration Risk, FY2025: 5.2M (3.5%) 3% FY2024 UNITED STATES - Revenue Benchmark - Geographic Concentration Risk, FY2024: 122.5M (97.5%) 98% Non-US - Revenue Benchmark - Geographic Concentration Risk, FY2024: 3.1M (2.5%) FY2023 UNITED STATES - Revenue Benchmark - Geographic Concentration Risk, FY2023: 218.8M (96.9%) 97% Non-US - Revenue Benchmark - Geographic Concentration Risk, FY2023: 6.9M (3.1%)
Region FY2025FY2024FY2023
UNITED STATES - Revenue Benchmark - Geographic Concentration Risk $144.9M $122.5M $218.8M
Non-US - Revenue Benchmark - Geographic Concentration Risk $5.2M $3.1M $6.9M

As the company reported it, from the “Note 7 - Concentrations - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $150.1M$125.6M$225.7M$270.9M$140.8M$93.1M$85.0M$77.7M$73.9M$75.3M
Cost of revenue $99.6M$99.7M$145.9M$157.9M$79.6M$55.2M$52.3M$46.7M$43.7M$42.4M
Gross profit $50.5M$25.8M$79.9M$112.9M$61.2M$37.9M$32.7M$31.0M$30.3M$32.9M
R&D $2.4M$3.0M$3.1M$895.0K$243.0K$1.3M$1.1M$787.4K$865.6K$838.1K
SG&A $48.4M$45.1M$42.3M$49.1M$35.9M$29.5M$27.5M$25.9M$25.0M$22.1M
Operating income $2.1M-$19.2M$37.6M$63.8M$25.2M$8.4M$5.2M$5.1M$5.3M$10.7M
Interest expense —$506.0K$881.0K$311.0K——————
Pre-tax income $8.7M-$11.8M$42.6M$63.8M$25.7M$9.2M$5.9M$5.5M$5.6M$10.9M
Income tax $2.4M$3.2M$8.9M$14.5M$5.4M$1.9M$1.4M$1.3M$1.7M$2.9M
Net income -$8.1M-$12.5M$32.5M$49.4M$20.3M$7.3M$4.6M$4.3M$3.8M$8.0M
EPS, basic -0.58-0.852.173.581.480.530.340.320.280.60
EPS, diluted -0.58-0.852.173.551.470.530.340.320.280.59
Shares, diluted (wtd. avg.) 14.0M14.6M15.0M13.9M13.8M13.6M13.5M13.5M13.7M13.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $21.5M$14.1M$37.8M$16.6M$13.2M$16.4M$10.1M$8.5M$18.5M$28.0M
Short-term investments $84.5M$114.8M$130.3M$5.8M$10.4M$10.6M$13.5M$8.9M$5.9M$5.5M
Receivables $18.0M$13.8M$28.4M$53.7M$19.4M$10.5M$9.1M$12.8M$7.2M$8.0M
Inventory $42.0M$56.1M$98.1M$82.2M$27.5M$14.4M$9.0M$10.1M$8.5M$8.4M
Total current assets $198.5M$229.6M$296.3M$160.1M$71.5M$52.5M$42.5M$41.1M$41.1M$51.1M
Property, plant and equipment $9.7M$15.9M$21.5M$18.2M$5.0M$5.0M$5.4M$4.7M$5.4M$5.8M
Goodwill $4.7M$6.6M$6.5M$6.4M$4.7M$4.7M$4.7M$4.7M$2.6M$2.6M
Other intangibles $9.4M$4.7M$6.1M$6.4M$4.7M$5.0M$5.1M$5.5M$284.8K—
Total assets $306.2M$315.3M$355.5M$351.8M$125.9M$95.3M$81.9M$74.2M$69.5M$70.6M
Accounts payable $7.0M$2.8M$8.9M$24.1M$9.2M$3.7M$3.2M$2.4M$1.7M$2.6M
Short-term debt —$0$2.1M$0——————
Total current liabilities $36.6M$24.4M$29.0M$51.7M$20.5M$10.4M$6.6M$5.0M$4.2M$7.3M
Long-term debt ————$0—————
Total liabilities $50.0M$39.5M$40.4M$81.5M$22.1M$12.5M$7.0M$5.4M$5.0M$8.0M
Retained earnings $106.9M$115.0M$127.3M$94.8M$45.4M$25.1M$17.8M$13.3M$9.0M$5.1M
Total equity $256.2M$275.8M$315.2M$147.6M$103.8M$82.8M$74.9M$68.9M$64.5M$62.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $26.6M$17.8M$24.6M$2.3M$10.9M$6.7M$14.7M$4.5M$6.3M$11.6M
Depreciation and amortisation $6.1M$5.9M$4.6M$3.4M$2.3M$2.4M$2.2M$2.0M$1.6M$1.4M
Stock-based compensation $4.6M$4.4M$3.6M$2.3M$1.3M$774.0K$1.7M$2.0M$2.3M$1.4M
Capital expenditure $4.7M$8.0M$7.4M$9.1M$2.0M$1.8M$2.5M$1.2M$2.0M$1.6M
Investing cash flow -$7.0M-$5.3M-$111.3M-$8.2M-$13.6M-$41.0K-$13.0M-$12.6M-$11.5M-$1.6M
Financing cash flow -$17.2M-$33.3M$113.4M$9.4M-$536.0K-$247.0K-$236.7K-$1.9M-$4.2M$32.0K
Buybacks $16.7M$33.4M$0$0$0$429.0K—$1.8M$3.6M$333.8K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-25-007594.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 75.3M Gross profit, FY2016: 32.9M Net income, FY2016: 8M Revenue, FY2017: 73.9M Gross profit, FY2017: 30.3M Net income, FY2017: 3.8M Revenue, FY2018: 77.7M Gross profit, FY2018: 31M Net income, FY2018: 4.3M Revenue, FY2019: 85M Gross profit, FY2019: 32.7M Net income, FY2019: 4.6M Revenue, FY2020: 93.1M Gross profit, FY2020: 37.9M Net income, FY2020: 7.3M Revenue, FY2021: 140.8M Gross profit, FY2021: 61.2M Net income, FY2021: 20.3M Revenue, FY2022: 270.9M Gross profit, FY2022: 112.9M Net income, FY2022: 49.4M Revenue, FY2023: 225.7M Gross profit, FY2023: 79.9M Net income, FY2023: 32.5M Revenue, FY2024: 125.6M Gross profit, FY2024: 25.8M Net income, FY2024: -12.5M Revenue, FY2025: 150.1M Gross profit, FY2025: 50.5M Net income, FY2025: -8.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $75.3M $73.9M $77.7M $85.0M $93.1M $140.8M $270.9M $225.7M $125.6M $150.1M
Gross profit $32.9M $30.3M $31.0M $32.7M $37.9M $61.2M $112.9M $79.9M $25.8M $50.5M
Net income $8.0M $3.8M $4.3M $4.6M $7.3M $20.3M $49.4M $32.5M -$12.5M -$8.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3661

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FN Fabrinet $11.29B 24.1x 35.7%
ADTN ADTRAN Holdings, Inc. $523.9M — 17.5%
FIEE FiEE, Inc. $26.9M 31.5x 867.9%
FKWL FRANKLIN WIRELESS CORP $25.9M — 49.6%
CLRO CLEARONE INC $8.7M — —
SONM DNA X, Inc. $4.6M — —
AUDC AUDIOCODES LTD — — 1.4%