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

Clearfield brought in $150.1M of revenue in fiscal 2025, Fabrinet $4.6B in fiscal 2026. Revenue changed by +19.6% at Clearfield and +35.7% at Fabrinet on the year before, so Fabrinet grew faster. Clearfield kept -5.4% of its revenue as net profit, Fabrinet 10.2%. Free cash flow was $21.8M at Clearfield and $4.2M at Fabrinet.

Side by side, latest fiscal year

CLFDFN
Fiscal year endedFY2025 (September 30, 2025)FY2026 (June 26, 2026)
Revenue$150.1M$4.6B
Revenue growth+19.6%+35.7%
Net income-$8.1M$473M
Net margin-5.4%10.2%
Free cash flow$21.8M$4.2M
Free cash flow margin14.5%0.1%
Earnings per share (diluted)-$0.58$13.05
Cash$21.5M$346.7M
Debtn/an/a
Price to earningsn/a32.0
Market value$422.1M$15B
Dividend yieldn/an/a
Rank by revenue in sector#95 of 109 · Utilities#43 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: $150.1MFN FY2019: $1.6BFN FY2020: $1.6BFN FY2021: $1.9BFN FY2022: $2.3BFN FY2023: $2.6BFN FY2024: $2.9BFN FY2025: $3.4BFN FY2026: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CLFD $150.1MFN $4.6B
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: -$8.1MFN FY2019: $121MFN FY2020: $113.5MFN FY2021: $148.3MFN FY2022: $200.4MFN FY2023: $247.9MFN FY2024: $296.2MFN FY2025: $332.5MFN FY2026: $473MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CLFD -$8.1MFN $473M
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%FN FY2019: 7.6%FN FY2020: 6.9%FN FY2021: 7.9%FN FY2022: 8.9%FN FY2023: 9.4%FN FY2024: 10.3%FN FY2025: 9.7%FN FY2026: 10.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CLFD -5.4%FN 10.2%
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%FN FY2020: +3.6%FN FY2021: +14.5%FN FY2022: +20.4%FN FY2023: +16.9%FN FY2024: +9.0%FN FY2025: +18.6%FN FY2026: +35.7%FY19FY20FY21FY22FY23FY24FY25FY26
CLFD +19.6%FN +35.7%
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: $21.8MFN FY2019: $128.7MFN FY2020: $108.3MFN FY2021: $76.1MFN FY2022: $34.7MFN FY2023: $152MFN FY2024: $365.6MFN FY2025: $207.3MFN FY2026: $4.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CLFD $21.8MFN $4.2M

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

Questions about Clearfield and Fabrinet

Which is bigger by revenue, Clearfield or Fabrinet?

Fabrinet is bigger by revenue: $4.6B in fiscal 2026, against $150.1M for Clearfield in fiscal 2025.

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

Clearfield had a net margin of -5.4% in fiscal 2025; Fabrinet had 10.2% in fiscal 2026.

Which grew revenue faster, Clearfield or Fabrinet?

In their latest fiscal years revenue changed by +19.6% at Clearfield and +35.7% at Fabrinet.

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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