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Audiocodes vs Clearfield: revenue, profit, margins and growth compared

Audiocodes brought in $245.6M of revenue in fiscal 2025, Clearfield $150.1M in fiscal 2025. Revenue changed by +1.4% at Audiocodes and +19.6% at Clearfield on the year before, so Clearfield grew faster. Audiocodes kept 3.6% of its revenue as net profit, Clearfield -5.4%. Free cash flow was $22.9M at Audiocodes and $21.8M at Clearfield.

Side by side, latest fiscal year

AUDCCLFD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$245.6M$150.1M
Revenue growth+1.4%+19.6%
Net income$9M-$8.1M
Net margin3.6%-5.4%
Free cash flow$22.9M$21.8M
Free cash flow margin9.3%14.5%
Earnings per share (diluted)$0.31-$0.58
Cash$45.3M$21.5M
Debtn/an/a
Price to earningsn/an/a
Market value$262.1M$422.1M
Dividend yieldn/an/a
Rank by revenue in sector#93 of 109 · Utilities#95 of 109 · Utilities

Over the years

Revenue
AUDC FY2018: $176.2MAUDC FY2019: $200.3MAUDC FY2020: $220.8MAUDC FY2021: $248.9MAUDC FY2022: $275.1MAUDC FY2023: $244.4MAUDC FY2024: $242.2MAUDC FY2025: $245.6MCLFD FY2018: $77.7MCLFD FY2019: $85MCLFD FY2020: $93.1MCLFD FY2021: $140.8MCLFD FY2022: $270.9MCLFD FY2023: $225.7MCLFD FY2024: $125.6MCLFD FY2025: $150.1MFY18FY19FY20FY21FY22FY23FY24FY25
AUDC $245.6MCLFD $150.1M
Net income
AUDC FY2018: $13.5MAUDC FY2019: $4MAUDC FY2020: $27.2MAUDC FY2021: $33.8MAUDC FY2022: $28.5MAUDC FY2023: $8.8MAUDC FY2024: $15.3MAUDC FY2025: $9MCLFD FY2018: $4.3MCLFD FY2019: $4.6MCLFD FY2020: $7.3MCLFD FY2021: $20.3MCLFD FY2022: $49.4MCLFD FY2023: $32.5MCLFD FY2024: -$12.5MCLFD FY2025: -$8.1MFY18FY19FY20FY21FY22FY23FY24FY25
AUDC $9MCLFD -$8.1M
Net margin
AUDC FY2018: 7.7%AUDC FY2019: 2.0%AUDC FY2020: 12.3%AUDC FY2021: 13.6%AUDC FY2022: 10.3%AUDC FY2023: 3.6%AUDC FY2024: 6.3%AUDC FY2025: 3.6%CLFD FY2018: 5.5%CLFD FY2019: 5.4%CLFD FY2020: 7.8%CLFD FY2021: 14.4%CLFD FY2022: 18.2%CLFD FY2023: 14.4%CLFD FY2024: -9.9%CLFD FY2025: -5.4%FY18FY19FY20FY21FY22FY23FY24FY25
AUDC 3.6%CLFD -5.4%
Revenue growth
AUDC FY2019: +13.7%AUDC FY2020: +10.2%AUDC FY2021: +12.7%AUDC FY2022: +10.5%AUDC FY2023: -11.2%AUDC FY2024: -0.9%AUDC FY2025: +1.4%CLFD FY2019: +9.5%CLFD FY2020: +9.5%CLFD FY2021: +51.2%CLFD FY2022: +92.5%CLFD FY2023: -16.7%CLFD FY2024: -44.4%CLFD FY2025: +19.6%FY19FY20FY21FY22FY23FY24FY25
AUDC +1.4%CLFD +19.6%
Free cash flow
AUDC FY2018: $24.2MAUDC FY2019: $21.2MAUDC FY2020: $36.9MAUDC FY2021: $46.2MAUDC FY2022: $6.8MAUDC FY2023: $8.9MAUDC FY2024: $11MAUDC FY2025: $22.9MCLFD FY2018: $3.4MCLFD FY2019: $12.2MCLFD FY2020: $4.8MCLFD FY2021: $8.9MCLFD FY2022: -$6.2MCLFD FY2023: $10.7MCLFD FY2024: $12.7MCLFD FY2025: $21.8MFY18FY19FY20FY21FY22FY23FY24FY25
AUDC $22.9MCLFD $21.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Audiocodes and Clearfield

Which is bigger by revenue, Audiocodes or Clearfield?

Audiocodes is bigger by revenue: $245.6M in fiscal 2025, against $150.1M for Clearfield in fiscal 2025.

Which keeps more of its revenue as profit, Audiocodes or Clearfield?

Audiocodes had a net margin of 3.6% in fiscal 2025; Clearfield had -5.4% in fiscal 2025.

Which grew revenue faster, Audiocodes or Clearfield?

In their latest fiscal years revenue changed by +1.4% at Audiocodes and +19.6% at Clearfield.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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