A Business at a Glance
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Clearfield, Inc.
CLFD
$430M
Mkt Cap
$30.99
+1.61%
Clearfield, Inc. (CLFD) has a 5-year average return on invested capital (ROIC) of 17.2%. This indicates strong capital allocation and a potential competitive advantage.
Clearfield, Inc. (CLFD) has a market capitalization of $422M. It is classified as a small-cap stock.
Clearfield, Inc. (CLFD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.32%.
Clearfield, Inc. (CLFD) operates in the Telephone & Telegraph Apparatus industry, within the Industrials sector.
Clearfield, Inc. (CLFD) reported annual revenue of $150 million in its most recent fiscal year, based on SEC EDGAR filings.
Clearfield, Inc. (CLFD) has a net profit margin of -5.4%. The company is currently unprofitable.
Clearfield, Inc. (CLFD) generated $22 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Company Overview 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). Our mission is to enable the lifestyle that better broadband provides through innovative product design that accelerates fiber-based deployment, making communications simpler and more affordable for people everywhere.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 136M | 150M | 126M | 226M | 271M | 141M |
| Net Income | -8.6M | -8.1M | -12M | 33M | 49M | 20M |
| EPS | $-0.62 | $-0.58 | $-0.85 | $2.17 | $3.55 | $1.47 |
| Free Cash Flow | 11M | 22M | 13M | 11M | -6.2M | 8.9M |
| ROIC | 1.0% | 0.7% | -4.0% | 19.9% | 42.1% | 27.2% |
| Gross Margin | 37.2% | 33.7% | 20.6% | 35.4% | 41.7% | 43.5% |
| Debt/Equity | 0.00 | 0.20 | 0.01 | 0.01 | 0.13 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.9M | 2.1M | -19M | 38M | 64M | 25M |
| Operating Margin | 1.4% | 1.4% | -15.3% | 16.6% | 23.6% | 17.9% |
| ROE | -3.5% | -3.0% | -4.2% | 14.1% | 39.3% | 21.8% |
| Shares Outstanding | 14M | 14M | 15M | 15M | 14M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 58M | 60M | 75M | 74M | 78M | 85M | 93M | 141M | 271M | 226M | 126M | 150M | 136M |
| Gross Margin | 42.4% | 41.2% | 43.7% | 40.9% | 39.9% | 38.4% | 40.7% | 43.5% | 41.7% | 35.4% | 20.6% | 33.7% | 37.2% |
| R&D | 704K | 750K | 838K | 866K | 787K | 1.1M | 1.3M | 243K | 895K | 3.1M | 3.0M | 2.4M | 2.4M |
| SG&A | 16M | 18M | 22M | 25M | 26M | 28M | 30M | 36M | 49M | 42M | 45M | 48M | 49M |
| EBIT | 8.5M | 7.1M | 11M | 5.3M | 5.1M | 5.2M | 8.4M | 25M | 64M | 38M | -19M | 2.1M | 1.9M |
| Op. Margin | 14.7% | 11.7% | 14.3% | 7.2% | 6.5% | 6.1% | 9.0% | 17.9% | 23.6% | 16.6% | -15.3% | 1.4% | 1.4% |
| Net Income | 5.4M | 4.7M | 8.0M | 3.8M | 4.3M | 4.6M | 7.3M | 20M | 49M | 33M | -12M | -8.1M | -8.6M |
| Net Margin | 9.4% | 7.8% | 10.6% | 5.2% | 5.5% | 5.4% | 7.8% | 14.4% | 18.2% | 14.4% | -9.9% | -5.4% | -6.3% |
| Non-Recurring | -13K | -23K | -12K | -35K | 18K | 0 | -6K | 0 | -13K | -3K | -10K | 284K | 284K |
| Returns on Capital | |||||||||||||
| ROIC | 20.6% | 17.1% | 25.4% | 9.8% | 8.1% | 7.2% | 11.1% | 27.2% | 42.1% | 19.9% | -4.0% | 0.7% | 1.0% |
| ROE | 12.5% | 9.6% | 14.1% | 6.1% | 6.4% | 6.4% | 9.2% | 21.8% | 39.3% | 14.1% | -4.2% | -3.0% | -3.5% |
| ROA | 11.1% | 8.6% | 12.5% | 5.5% | 5.9% | 5.8% | 8.2% | 18.4% | 27.8% | 11.1% | -3.7% | -2.6% | -3.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 12M | 6.8M | 12M | 6.3M | 4.5M | 15M | 6.7M | 11M | 2.3M | 18M | 22M | 27M | 14M |
| Free Cash Flow | 10M | 2.3M | 10M | 4.3M | 3.4M | 12M | 4.8M | 8.9M | -6.2M | 11M | 13M | 22M | 11M |
| Owner Earnings | 10M | 4.6M | 8.7M | 2.4M | 497K | 11M | 3.5M | 7.3M | -3.5M | 10M | 12M | 16M | 3.5M |
| CapEx | 1.4M | 4.5M | 1.6M | 2.0M | 1.2M | 2.5M | 1.8M | 2.0M | 8.5M | 7.7M | 9.6M | 4.7M | 2.7M |
| Maint. CapEx | 700K | 1.2M | 1.4M | 1.6M | 2.0M | 2.2M | 2.4M | 2.3M | 3.4M | 4.6M | 5.9M | 6.1M | 5.6M |
| Growth CapEx | 719K | 3.3M | 101K | 399K | 0 | 333K | 0 | 0 | 5.1M | 3.1M | 3.6M | 0 | 0 |
| D&A | 700K | 1.2M | 1.4M | 1.6M | 2.0M | 2.2M | 2.4M | 2.3M | 3.4M | 4.6M | 5.9M | 6.1M | 5.6M |
| CapEx/OCF | 12.3% | 66.0% | 13.4% | 31.0% | 23.4% | N/A | 27.1% | 18.8% | 913.9% | 45.5% | 44.9% | 17.9% | 19.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 849K | 334K | 3.6M | 1.8M | 0 | 429K | 0 | 0 | 0 | 33M | 17M | 18M |
| Buyback Yield | N/A | 0.5% | 0.1% | 2.0% | 1.0% | 0.0% | 0.2% | N/A | N/A | N/A | 5.9% | 3.6% | 4.3% |
| Stock-Based Comp | 795K | 1.1M | 1.4M | 2.3M | 2.0M | 1.7M | 774K | 1.3M | 2.3M | 3.6M | 4.4M | 4.6M | 4.8M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -24M | -3.8M | -166M | -127M | N/A | -91M |
| Cash & Equiv. | 18M | 18M | 28M | 19M | 8.5M | 10M | 16M | 13M | 17M | 38M | 14M | 21M | 91M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 19M | 0 | 2.2M | N/A | N/A |
| Debt/Equity | 0.11 | 0.12 | 0.13 | 0.08 | 0.08 | 0.09 | 0.15 | 0.00 | 0.13 | 0.01 | 0.01 | 0.20 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 205.2 | 42.7 | -38.0 | N/A | N/A |
| Equity | 47M | 51M | 63M | 65M | 69M | 75M | 83M | 104M | 148M | 315M | 276M | 256M | 243M |
| Total Assets | 52M | 58M | 71M | 69M | 74M | 82M | 95M | 126M | 229M | 356M | 315M | 306M | 264M |
| Total Liabilities | 5.1M | 6.3M | 8.0M | 5.0M | 5.4M | 7.0M | 13M | 22M | 82M | 40M | 40M | 50M | 21M |
| Intangibles | N/A | N/A | N/A | 285K | 5.5M | 5.1M | 5.0M | 4.7M | 6.4M | 6.1M | 4.7M | 9.4M | 8.4M |
| Retained Earnings | -9.4M | -4.7M | 5.1M | 9.0M | 13M | 18M | 25M | 45M | 95M | 127M | 115M | 107M | 106M |
| Working Capital | 33M | 36M | 44M | 37M | 36M | 36M | 42M | 51M | 108M | 267M | 205M | 162M | 150M |
| Current Assets | 38M | 41M | 51M | 41M | 41M | 43M | 53M | 72M | 160M | 296M | 230M | 198M | 163M |
| Current Liabilities | 5.1M | 5.0M | 7.3M | 4.2M | 5.0M | 6.6M | 10M | 20M | 52M | 29M | 24M | 37M | 13M |
| Per Share Data | |||||||||||||
| EPS | 0.40 | 0.34 | 0.59 | 0.28 | 0.32 | 0.34 | 0.53 | 1.47 | 3.55 | 2.17 | -0.85 | -0.58 | -0.62 |
| Owner EPS | 0.74 | 0.33 | 0.64 | 0.17 | 0.04 | 0.81 | 0.25 | 0.53 | -0.25 | 0.68 | 0.81 | 1.14 | 0.26 |
| Book Value | 3.44 | 3.72 | 4.61 | 4.70 | 5.16 | 5.58 | 6.01 | 7.51 | 10.61 | 21.02 | 18.82 | 18.46 | 17.83 |
| Cash Flow/Share | 0.85 | 0.50 | 0.85 | 0.46 | 0.34 | 1.10 | 0.48 | 0.79 | 0.16 | 1.23 | 1.52 | 1.91 | -0.22 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 13.6M | 13.8M | 13.6M | 13.7M | 13.4M | 13.4M | 13.8M | 13.8M | 13.9M | 15.0M | 14.7M | 13.9M | 13.6M |
| Valuation | |||||||||||||
| P/E Ratio | 31.9 | 38.7 | 31.6 | 47.5 | 42.0 | N/A | 37.2 | 29.9 | 27.0 | 13.2 | N/A | N/A | -49.8 |
| P/FCF | 17.2 | 77.8 | 25.3 | 42.7 | 53.5 | N/A | 56.0 | 68.6 | N/A | 39.9 | 45.0 | 21.5 | 37.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 23.1 | 20.9 | 7.0 | N/A | N/A | 170.8 |
| Price/Book | 3.7 | 3.5 | 4.0 | 2.8 | 2.6 | N/A | 3.3 | 5.9 | 9.0 | 1.4 | 2.1 | 1.8 | 1.7 |
| Price/Sales | 4.1 | 3.3 | 2.9 | 2.9 | 2.2 | N/A | 2.1 | 3.3 | 3.6 | 3.5 | 3.8 | 3.2 | 3.1 |
| FCF Yield | 5.8% | 1.3% | 4.0% | 2.3% | 1.9% | N/A | 1.8% | 1.5% | -0.5% | 2.5% | 2.2% | 4.7% | 2.6% |
| Market Cap | 173M | 181M | 253M | 183M | 180M | 0 | 272M | 607M | 1.3B | 428M | 570M | 468M | 422M |
| Avg. Price | 17.73 | 14.56 | 15.96 | 15.82 | 12.76 | 0.00 | 13.97 | 33.17 | 70.54 | 63.02 | 32.29 | 34.65 | 30.99 |
| Year-End Price | 12.77 | 13.16 | 18.62 | 13.30 | 13.45 | 0.00 | 19.74 | 43.93 | 95.99 | 28.55 | 38.89 | 33.72 | 30.99 |
Clearfield, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 19.7x vs a median of 43.9x. The company's 5-year average ROIC is 17.2% with a gross margin of 35.0%. Total shareholder yield (buybacks) is 4.3%. At current prices, the estimated annualized return to fair value is +17.1%.
Clearfield, Inc. (CLFD) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
Clearfield, Inc. (CLFD) reported earnings per share (EPS) of $-0.58 in its most recent fiscal year.
Clearfield, Inc. (CLFD) has a return on equity (ROE) of -3.0%. A negative ROE may indicate losses or negative equity.
Clearfield, Inc. (CLFD) has a 5-year average gross margin of 35.0%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Clearfield, Inc. (CLFD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Clearfield, Inc. (CLFD) has a book value per share of $18.46, based on its most recent annual SEC filing.