Clearfield, Inc. (CLFD)

From the record

Clearfield, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2024-11-21) (its current reports).

From the record

Clearfield, Inc.'s 9 filed years say what it did: revenue went from $74 million in fiscal 2017 to $150 million in fiscal 2025, up 9.3% a year; it rose in 6 of 8 years; the deepest fall was 54% from fiscal 2022 to fiscal 2024; net income was positive in 7 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-09-30, Clearfield, Inc.'s diluted share count grew about 0.2% a year, and dividends and buybacks returned about 73% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 8 sales (5 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $301 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-09-30, Clearfield, Inc. lost about 3 cents for every dollar of shareholders' money, and gross profitability: its products earned about 17 cents per dollar of everything the company owns. Leverage: it owed about 16 cents per dollar of assets, and net share issuance: its share count shrank 4.1% over the year (the filed statements).

From the record

Clearfield, Inc.'s standing among 9 graded names in its industry family: revenue of $150 million in fiscal 2025 ranks in the bottom 39% by size; a net margin of -5.4% ranks in the bottom 28%; revenue growth of -17.9% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

From the record

Clearfield, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Beranek, Cheryl (Chief Executive Officer, as filed), filing under that title since 2007-08-17, 19.2 years (top 21% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 4.9 years (top 50%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Clearfield, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $21 million against no long-term debt tagged leaves 7% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is 14.5% of revenue (top 19%); a gross margin of 33.7% (bottom 31%); research spending of 1.6% of revenue (bottom 21%) (its annual report).

From the record

Clearfield, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -17.9% a year over the last three filed years against 9.3% over all 9, slowing (bottom 6% of its family); the newest year grew 19.6% (top 28%); research spending grew 39.3% a year (top 6%); capital spending grew -19.7% a year (bottom 15%) (its annual reports). Clearfield, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Clearfield, Inc.'s newest year against its own record: revenue of $150 million in fiscal 2025 came in 75.6% above the $86 million its prior three years' pace pointed to (top 17% of its family); net income of $8 million against a prior three-year average of $23 million (bottom 15%); a net margin of -5.4% against 7.6% before (bottom 17%) (its annual reports).