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Clearfield, Inc.

CLFD Clue Score51
United States Fiscal year ends September CIK 0000796505
$34.01 +2.63% Close, 9 Oct 2026
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Price $34.01 −33.61% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue73.9Operating income5.3Net income3.8EPS, diluted0.28Fiscal year 2018Revenue77.7 +5.0%Operating income5.1Net income4.3 +11.1%EPS, diluted0.32 +14.3%Fiscal year 2019Revenue85.0 +9.5%Operating income5.2Net income4.6 +6.8%EPS, diluted0.34 +6.3%Fiscal year 2020Revenue93.1 +9.5%Operating income8.4Net income7.3 +59.7%EPS, diluted0.53 +55.9%Fiscal year 2021Revenue140.8 +51.2%Operating income25.2Net income20.3 +178.7%EPS, diluted1.47 +177.4%Fiscal year 2022Revenue270.9 +92.5%Operating income63.8Net income49.4 +142.8%EPS, diluted3.55 +141.5%Fiscal year 2023Revenue225.7 −16.7%Operating income37.6Net income32.5 −34.1%EPS, diluted2.17 −38.9%Fiscal year 2024Revenue125.6 −44.4%Operating income−19.2Net income−12.5 −138.3%EPS, diluted−0.85 −139.2%Fiscal year 2025Revenue150.1 +19.6%Operating income2.1Net income−8.1EPS, diluted−0.58
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 73.9 77.7 85.0 93.1 140.8 270.9 225.7 125.6 150.1
Growth +5.0% +9.5% +9.5% +51.2% +92.5% −16.7% −44.4% +19.6%
Operating income 5.3 5.1 5.2 8.4 25.2 63.8 37.6 −19.2 2.1
Net income 3.8 4.3 4.6 7.3 20.3 49.4 32.5 −12.5 −8.1
Growth +11.1% +6.8% +59.7% +178.7% +142.8% −34.1% −138.3%
EPS, diluted 0.28 0.32 0.34 0.53 1.47 3.55 2.17 −0.85 −0.58
Growth +14.3% +6.3% +55.9% +177.4% +141.5% −38.9% −139.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin40.9%Operating margin7.2%Net margin5.2%Free cash flow margin5.8%Fiscal year 2018Gross margin39.9%Operating margin6.5%Net margin5.5%Free cash flow margin4.3%Fiscal year 2019Gross margin38.4%Operating margin6.1%Net margin5.4%Free cash flow margin14.4%Fiscal year 2020Gross margin40.7%Operating margin9.0%Net margin7.8%Free cash flow margin5.2%Fiscal year 2021Gross margin43.5%Operating margin17.9%Net margin14.4%Free cash flow margin6.3%Fiscal year 2022Gross margin41.7%Operating margin23.6%Net margin18.2%Free cash flow margin−2.3%Fiscal year 2023Gross margin35.4%Operating margin16.6%Net margin14.4%Free cash flow margin4.8%Fiscal year 2024Gross margin20.6%Operating margin−15.3%Net margin−9.9%Free cash flow margin10.1%Fiscal year 2025Gross margin33.7%Operating margin1.4%Net margin−5.4%Free cash flow margin14.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 40.9% 39.9% 38.4% 40.7% 43.5% 41.7% 35.4% 20.6% 33.7%
Operating margin 7.2% 6.5% 6.1% 9.0% 17.9% 23.6% 16.6% −15.3% 1.4%
Net margin 5.2% 5.5% 5.4% 7.8% 14.4% 18.2% 14.4% −9.9% −5.4%
Free cash flow margin 5.8% 4.3% 14.4% 5.2% 6.3% −2.3% 4.8% 10.1% 14.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow6.3Capital expenditure−2.0Free cash flow4.3Buybacks−3.6Fiscal year 2018Operating cash flow4.5Capital expenditure−1.2Free cash flow3.4 −21.5%Buybacks−1.8Fiscal year 2019Operating cash flow14.7Capital expenditure−2.5Free cash flow12.2 +264.0%Fiscal year 2020Operating cash flow6.7Capital expenditure−1.8Free cash flow4.8 −60.3%Buybacks−0.4Fiscal year 2021Operating cash flow10.9Capital expenditure−2.0Free cash flow8.9 +82.6%Buybacks0.0Fiscal year 2022Operating cash flow2.3Capital expenditure−8.5Free cash flow−6.2 −170.5%Buybacks0.0Fiscal year 2023Operating cash flow18.4Capital expenditure−7.7Free cash flow10.7Buybacks0.0Fiscal year 2024Operating cash flow22.2Capital expenditure−9.6Free cash flow12.7 +17.8%Buybacks−33.4Fiscal year 2025Operating cash flow26.6Capital expenditure−4.7Free cash flow21.8 +72.3%Buybacks−16.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.3 4.5 14.7 6.7 10.9 2.3 18.4 22.2 26.6
Capital expenditure −2.0 −1.2 −2.5 −1.8 −2.0 −8.5 −7.7 −9.6 −4.7
Free cash flow 4.3 3.4 12.2 4.8 8.9 −6.2 10.7 12.7 21.8
Growth −21.5% +264.0% −60.3% +82.6% −170.5% +17.8% +72.3%
Buybacks −3.6 −1.8 n/a −0.4 0.0 0.0 0.0 −33.4 −16.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash18.5Shareholders’ equity64.5Fiscal year 2018Cash8.5Shareholders’ equity68.9Fiscal year 2019Cash10.1Shareholders’ equity74.9Fiscal year 2020Cash16.4Shareholders’ equity82.8Fiscal year 2021Cash13.2Total debt0.0Net cash (debt)13.2Shareholders’ equity103.8Debt to equity0.00Fiscal year 2022Cash16.7Shareholders’ equity147.6Fiscal year 2023Cash37.8Shareholders’ equity315.2Fiscal year 2024Cash14.1Total debt2.2Net cash (debt)11.9Shareholders’ equity275.8Debt to equity0.01Fiscal year 2025Cash21.5Shareholders’ equity256.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 18.5 8.5 10.1 16.4 13.2 16.7 37.8 14.1 21.5
Total debt n/a n/a n/a n/a 0.0 n/a n/a 2.2 n/a
Net cash (debt) n/a n/a n/a n/a 13.2 n/a n/a 11.9 n/a
Shareholders’ equity 64.5 68.9 74.9 82.8 103.8 147.6 315.2 275.8 256.2
Debt to equity n/a n/a n/a n/a 0.00 n/a n/a 0.01 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
40.9% 39.9% 38.4% 40.7% 43.5% 41.7% 35.4% 20.6% 33.7%
7.2% 6.5% 6.1% 9.0% 17.9% 23.6% 16.6% −15.3% 1.4%
7.6% 7.1% 7.0% 9.8% 18.3% 23.6% 18.9% −9.4% 5.8%
5.2% 5.5% 5.4% 7.8% 14.4% 18.2% 14.4% −9.9% −5.4%
5.8% 4.3% 14.4% 5.2% 6.3% −2.3% 4.8% 10.1% 14.5%
Spending
1.2% 1.0% 1.3% 1.4% 0.2% 0.3% 1.4% 2.4% 1.6%
33.7% 33.4% 32.3% 31.7% 25.5% 18.1% 18.7% 35.9% 32.3%
2.7% 1.5% 3.0% 1.9% 1.5% 3.1% 3.4% 7.6% 3.2%
31.1% 22.7% 23.0% 20.3% 21.0% 22.7% 20.8% n/a 27.2%
Returns
6.0% 6.2% 6.1% 8.8% 19.6% 33.4% 10.3% −4.5% −3.1%
5.5% 5.8% 5.6% 7.7% 16.1% 21.5% 9.2% −3.9% −2.6%
Balance and payout
n/a n/a n/a n/a 0.00 n/a n/a 0.01 n/a
7.2% 7.2% 8.5% 13.2% 17.5% 35.6% 11.4% 12.5% 16.3%
85.3% 52.4% n/a 8.8% 0.0% n/a 0.0% 263.7% 76.4%