Clearfield, Inc.
Description
Clearfield, Inc. manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical component integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products. It also provides CraftSmart FiberFirst pedestals, an access terminal that offers a cable management and mounting bracket kit to support the deployment of access terminals; YOURx, an access terminal that provides flexibility with cable mid-span and internal splicing options; SeeChange, a terminal and hardened connector system; and FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment. In addition, the company offers fiber assemblies; fiber optic and copper cables, microducts, microduct accessories, and tools; and installation and connection accessories for fiber optic networks. It serves community broadband customers, large regional service providers, multiple system operators, and wireline/wireless national telco carriers. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was incorporated in 1979 and is headquartered in Minneapolis, Minnesota.
About
CEO
Ms. Cheryl P. Beranek
Employees
400
Instrument type
Common Stock
Sector
Technology
Industry
Communication Equipment
MIC code
XNMS
Address
7050 Winnetka Avenue North, Minneapolis, MN 55428, United States
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![Enlarged Chart]()
Oscillators
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Summary
No data available
Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 7, 2025 | -0.29 | — | — | — |
| Nov 8, 2024 | -0.19 | -0.06 | 0.13 | -68.42% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Sep 2025)
|
Next Year
(Sep 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 1 | 1 | 0 |
| Average estimate | — | -0.26 | -0.43 | 0.00 |
| Low estimate | — | -0.26 | -0.43 | 0.00 |
| High estimate | — | -0.26 | -0.43 | 0.00 |
| Last year EPS | — | -0.40 | -0.85 | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
8.570%
Next qtr. (Mar 2025)
35.000%
Current year (Sep 2025)
49.410%
Next year (Sep 2026)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total reported revenue | 166.71M | 268.72M | 270.88M | 140.76M | 93.08M |
| Cost of revenue | 137.82M | 183.44M | 157.94M | 79.58M | 55.16M |
| Gross profit | 28.89M | 85.28M | 112.95M | 61.18M | 37.92M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 52.11M | 47.99M | 49.13M | 35.94M | 29.53M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -23.22M | 37.29M | 63.82M | 25.23M | 8.38M |
| Non operating interest income | |||||
| Income | — | — | — | 500,120 | 770,950 |
| Expense | 506,000 | 881,000 | 311,000 | — | — |
| Other income expense | 7.47M | 5.21M | 328,000 | 500,000 | 771,000 |
| Pretax income | -16.26M | 41.61M | 63.83M | 25.73M | 9.16M |
| Tax provision | -3.80M | 9.08M | 14.47M | 5.41M | 1.86M |
| Net income | -12.45M | 32.53M | 49.36M | 20.33M | 7.29M |
| Basic EPS | -0.85 | 2.17 | 3.58 | 1.48 | 0.53 |
| Diluted EPS | -0.85 | 2.17 | 3.55 | 1.47 | 0.53 |
| Basic average shares | 14.58M | 14.98M | 13.77M | 13.72M | 13.64M |
| Diluted average shares | 14.58M | 14.98M | 13.77M | 13.72M | 13.64M |
| EBITDA | -15.81M | 43.34M | 67.24M | 27.54M | 10.81M |
| Net income from continuing op. | -12.45M | 32.53M | 49.36M | 20.33M | 7.29M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total assets | 315.28M | 355.52M | 229.13M | 125.91M | 95.30M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 16.17M | 37.83M | 16.65M | 13.22M | 16.45M |
| Other short term investments | 114.83M | 130.29M | 5.80M | 10.37M | 10.58M |
| Accounts receivable | 21.31M | 28.39M | 53.70M | 19.44M | 10.50M |
| Other receivables | — | — | — | — | — |
| Inventory | 66.77M | 98.06M | 82.21M | 27.52M | 14.41M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 10.53M | 1.70M | 1.76M | 953,000 | 585,436 |
| Non current assets | |||||
| Properties | 43.10M | 37.44M | 31.67M | 11.48M | 10.71M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 5.00M | 5.01M | 4.51M | 3.15M | 2.72M |
| Construction in progress | 6.29M | 2.45M | 1.72M | 150,000 | 19,143 |
| Leases | 6.35M | 6.11M | 5.00M | 2.59M | 2.58M |
| Accumulated depreciation | -20.98M | -15.61M | -11.42M | -10.07M | -8.54M |
| Goodwill | 19.60M | 19.15M | 19.18M | 14.11M | 14.40M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 6.34M | 6.09M | 6.38M | 4.70M | 4.99M |
| Investments and advances | 24.51M | 6.34M | 22.75M | 36.91M | 25.14M |
| Other non current assets | 8.46M | 4.91M | 2.00M | 784,000 | 444,975 |
| Total liabilities | 39.51M | 40.35M | 81.55M | 22.09M | 12.54M |
| Current liabilities | |||||
| Accounts payable | 6.72M | 8.89M | 24.12M | 9.22M | 3.69M |
| Accrued expenses | 4.38M | 2.40M | 6.18M | 1.61M | 1.20M |
| Short term debt | 3.36M | 5.85M | 3.39M | 915,000 | 665,584 |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | 6.98M | 5.57M | 13.62M | 8.73M | 4.86M |
| Other current liabilities | 2.92M | 6.29M | 4.39M | — | — |
| Non current liabilities | |||||
| Long term debt | 15.00M | 10.63M | 29.08M | 1.62M | 2.13M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 161,000 | 721,000 | 774,000 | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 142,000 | 153,000 | 138,000 | 137,000 | 136,500 |
| Retained earnings | 114.96M | 127.34M | 94.80M | 45.44M | 25.11M |
| Other shareholders equity | 1.08M | -544,000 | -1.90M | — | — |
| Total shareholders equity | 275.76M | 315.16M | 147.58M | 103.82M | 82.75M |
| Additional paid in capital | 159.58M | 188.22M | 54.54M | 58.25M | 57.50M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | -12.45M | 32.53M | 49.36M | 20.33M | 7.29M | 4.57M | 4.27M | 3.85M | 8.01M | 4.68M | 5.43M | 4.73M | 7.70M | 6.17M | 1.18M | 3.78M | 1.51M | -1.29M | -2.15M | -3.35M | -3.42M | -6.54M | -5.01M | -4.74M | -2.95M | -3.80M | -2.50M | -1.00M | — | -100,000 | -500,000 | -800,000 | -600,000 | -800,000 |
| Depreciation | 7.41M | 6.05M | 3.43M | 2.30M | 2.42M | 2.18M | 2.05M | 1.62M | 1.45M | 1.22M | 699,869 | 476,400 | 404,765 | 358,502 | 498,014 | 434,499 | 498,418 | 213,697 | 651,399 | 1.06M | 1.00M | 971,194 | 810,505 | 654,460 | 424,022 | 376,085 | 400,000 | 400,000 | 500,000 | 500,000 | 400,000 | 500,000 | 500,000 | 400,000 |
| Deferred Taxes | -4.08M | -2.11M | -326,000 | -187,000 | -280,000 | -3,245 | -339,141 | 32,297 | 2.34M | 2.34M | 3.02M | 2.56M | -3.44M | -2.41M | 86,628 | -2.39M | 89,203 | 48,540 | -243,293 | 272,454 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 4.64M | 3.58M | 2.34M | 1.28M | 774,000 | 1.73M | 2.00M | 2.32M | 1.40M | 1.07M | 794,865 | 753,727 | 470,710 | 535,347 | 167,725 | 115,218 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | — | -1,000 | — | — | — | — | — | — | — | — | — | — | 31,144 | -233,016 | 755,336 | 902,363 | 8,664 | — | — | — | — | — | — | — | — | -200,000 | -200,000 | — | — | -200,000 | — |
| Accounts Receivable | 7.80M | 26.28M | -24.23M | -9.15M | -1.38M | 3.49M | -5.58M | 761,569 | -1.99M | -983,044 | 2.81M | -4.81M | 206,228 | 15,515 | -520,965 | -189,967 | -114,796 | -628,536 | 69,423 | -446,235 | 341,293 | -440,161 | -63,392 | 350,246 | -161,522 | -124,246 | 200,000 | 100,000 | 100,000 | — | — | — | 100,000 | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 22.77M | -16.55M | -44.03M | -13.65M | -5.27M | 1.03M | 1.44M | 100,044 | -2.00M | -1.67M | -6,917 | -2.67M | -520,264 | -1.29M | -350,038 | 934,907 | -493,487 | -265,910 | 346,553 | -566,190 | 303,535 | -179,293 | -130,889 | 375,241 | -138,791 | -47,602 | -100,000 | — | 200,000 | -100,000 | 100,000 | 100,000 | 200,000 | — |
| Operating Cash Flow | 26.09M | 49.78M | -13.46M | 924,000 | 3.56M | 12.99M | 3.84M | 8.68M | 9.22M | 6.66M | 12.75M | 1.04M | 4.83M | 3.38M | 1.06M | 2.72M | 1.26M | -1.17M | -420,865 | -3.02M | -1.77M | -6.18M | -4.39M | -3.36M | -2.83M | -3.59M | -2.00M | -500,000 | 600,000 | 100,000 | — | -200,000 | — | -400,000 |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | -9.57M | -8.38M | -9.15M | -2.05M | -1.81M | -2.51M | -1.11M | -2.02M | -1.55M | -4.44M | -1.38M | -1.01M | -550,618 | -27,253 | -451,629 | -180,933 | -452,048 | 281,483 | 45,361 | 1.51M | -200,457 | -785,870 | -359,474 | -1.05M | -1.13M | -195,342 | -200,000 | -900,000 | -1.30M | -100,000 | — | — | -100,000 | -200,000 |
| Net Intangibles | — | — | — | — | — | — | -123,569 | -69,936 | -77,138 | -24,418 | -36,544 | -18,853 | -40,423 | — | -23,099 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -16.19M | — | — | — | -10.35M | — | — | — | — | — | — | — | — | — | — | — | — | — | -48,772 | -1.96M | -3.83M | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -159.39M | -210.92M | -248,000 | -24.81M | -34.06M | -20.31M | -7.28M | -17.63M | -8.14M | -10.37M | -8.90M | -8.68M | -11.94M | -1.89M | -2.48M | -6.50M | -3.68M | -2.35M | -17.30M | -14.55M | — | — | — | — | -15.76M | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 162.06M | 107.06M | 17.39M | 13.26M | 35.82M | 9.86M | 6.13M | 8.11M | 8.12M | 9.09M | 6.73M | 9.60M | 2.82M | 2.33M | 2.43M | 4.96M | 3.20M | 4.98M | 20.03M | 15.93M | — | — | — | 15.76M | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -6.90M | -112.25M | -8.20M | -13.60M | -41,000 | -12.96M | -12.61M | -11.54M | -1.56M | -5.72M | -3.55M | -94,953 | -9.67M | 417,778 | -68,758 | -1.72M | -927,048 | 2.91M | 2.77M | 2.88M | -249,229 | -2.75M | -4.27M | 14.60M | -17.00M | -195,342 | -200,000 | -900,000 | -1.30M | -100,000 | — | — | -100,000 | -200,000 |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 2.17M | 1.59M | 16.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -5.79M | -16.70M | -1.26M | — | — | — | — | — | — | — | — | — | — | — | -33,081 | -62,126 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | -5.18M | -920,132 | 9,000 | -553,165 | -489,428 | -952,832 | -437,537 | -629,647 | -391,155 | -295,483 | — | 12,478 | — | — | — | — | — | -987 | -2,341 | 20,174 | 3,500 | -2,499 | -138,277 | 314,747 | 200,000 | 1.50M | -2.40M | — | — | — | 700,000 | -400,000 |
| Financing Cash Flow | -36.90M | 114.54M | 26.10M | -998,132 | -247,000 | -236,670 | -1.93M | -4.24M | 31,972 | -1.22M | 440,882 | -95,436 | 284,826 | 280,311 | 16,496 | 28,941 | 658 | — | — | -987 | -2,341 | 20,174 | -2,491 | -85,096 | 34.67M | 7.00M | 200,000 | 2.90M | -1.10M | 1.80M | 300,000 | — | 1.00M | 1.00M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||
| End Cash Position | 16.17M | 37.83M | 16.65M | 13.22M | 16.45M | 10.08M | 8.55M | 18.54M | 28.01M | 18.07M | 18.19M | 9.81M | 5.68M | 11.28M | 5.29M | 4.73M | 4.33M | 3.30M | 1.27M | 668,344 | 10.81M | 13.54M | 22.24M | 31.61M | 21.23M | 5.94M | 2.80M | 5.20M | — | — | — | 300,000 | — | — |
| Income Tax Paid | 159,000 | 12.97M | 13.74M | 5.51M | 1.44M | 1.68M | 719,694 | 1.47M | 1.13M | 50,850 | 361,284 | 153,644 | 163,756 | 48,263 | 26,802 | 17,510 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 394,000 | 463,000 | 119,000 | — | — | — | — | — | — | — | — | — | — | — | 820 | 5,676 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 12.66M | 10.04M | -6.89M | 8.86M | 4.85M | 12.22M | 3.36M | 4.28M | 9.93M | 2.31M | 10.07M | 3.30M | 3.24M | 4.55M | 153,571 | 1.91M | 119,997 | -1.09M | -1.88M | -3.81M | -2.68M | -6.38M | -5.02M | -4.80M | -3.36M | -3.73M | -2.20M | -1.40M | -700,000 | 100,000 | -100,000 | — | -100,000 | -600,000 |
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