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

Clearfield brought in $150.1M of revenue in fiscal 2025, FiEE $6.2M in fiscal 2025. Revenue changed by +19.6% at Clearfield and +867.9% at FiEE on the year before, so FiEE grew faster. Clearfield kept -5.4% of its revenue as net profit, FiEE 17.3%. Free cash flow was $21.8M at Clearfield and $3.5M at FiEE.

Side by side, latest fiscal year

CLFDFIEE
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$150.1M$6.2M
Revenue growth+19.6%+867.9%
Net income-$8.1M$1.1M
Net margin-5.4%17.3%
Free cash flow$21.8M$3.5M
Free cash flow margin14.5%55.7%
Earnings per share (diluted)-$0.58$0.10
Cash$21.5M$3.1M
Debtn/an/a
Price to earningsn/a38.5
Market value$422.1M$32.8M
Dividend yieldn/an/a
Rank by revenue in sector#95 of 109 · Utilities#105 of 109 · Utilities

Over the years

Revenue
CLFD FY2018: $77.7MCLFD FY2019: $85MCLFD FY2020: $93.1MCLFD FY2021: $140.8MCLFD FY2022: $270.9MCLFD FY2023: $225.7MCLFD FY2024: $125.6MCLFD FY2025: $150.1MFIEE FY2018: $32.3MFIEE FY2019: $37.6MFIEE FY2020: $48MFIEE FY2021: $55.4MFIEE FY2022: $50.6MFIEE FY2023: $26.1MFIEE FY2023: $639.9KFIEE FY2025: $6.2MFY18FY19FY20FY21FY22FY23FY24FY25
CLFD $150.1MFIEE $6.2M
Net income
CLFD FY2018: $4.3MCLFD FY2019: $4.6MCLFD FY2020: $7.3MCLFD FY2021: $20.3MCLFD FY2022: $49.4MCLFD FY2023: $32.5MCLFD FY2024: -$12.5MCLFD FY2025: -$8.1MFIEE FY2018: -$74.3KFIEE FY2019: -$3.3MFIEE FY2020: -$3.9MFIEE FY2021: -$2.2MFIEE FY2022: -$15.5MFIEE FY2023: -$17.6MFIEE FY2023: -$4.2MFIEE FY2025: $1.1MFY18FY19FY20FY21FY22FY23FY24FY25
CLFD -$8.1MFIEE $1.1M
Net margin
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%FIEE FY2018: -0.2%FIEE FY2019: -8.7%FIEE FY2020: -8.0%FIEE FY2021: -4.0%FIEE FY2022: -30.7%FIEE FY2023: -67.5%FIEE FY2023: -660.2%FIEE FY2025: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25
CLFD -5.4%FIEE 17.3%
Revenue growth
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%FIEE FY2019: +16.4%FIEE FY2020: +27.6%FIEE FY2021: +15.5%FIEE FY2022: -8.7%FIEE FY2023: -48.4%FIEE FY2023: -97.5%FIEE FY2025: +867.9%FY19FY20FY21FY22FY23FY24FY25
CLFD +19.6%FIEE +867.9%
Free cash flow
CLFD FY2018: $3.4MCLFD FY2019: $12.2MCLFD FY2020: $4.8MCLFD FY2021: $8.9MCLFD FY2022: -$6.2MCLFD FY2023: $10.7MCLFD FY2024: $12.7MCLFD FY2025: $21.8MFIEE FY2018: -$2MFIEE FY2019: -$1.7MFIEE FY2020: -$7.4MFIEE FY2021: -$14.9MFIEE FY2022: -$12.4MFIEE FY2023: $4.7MFIEE FY2025: $3.5MFY18FY19FY20FY21FY22FY23FY24FY25
CLFD $21.8MFIEE $3.5M

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

Questions about Clearfield and FiEE

Which is bigger by revenue, Clearfield or FiEE?

Clearfield is bigger by revenue: $150.1M in fiscal 2025, against $6.2M for FiEE in fiscal 2025.

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

Clearfield had a net margin of -5.4% in fiscal 2025; FiEE had 17.3% in fiscal 2025.

Which grew revenue faster, Clearfield or FiEE?

In their latest fiscal years revenue changed by +19.6% at Clearfield and +867.9% at FiEE.

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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