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▼ FY 2025 Summary Analysis
Annual report ending Sep 30, 2025Overview and Growth
Clearfield, Inc. generated $150.13M of revenue in fiscal 2025, with net loss of $8.05M and an operating cash inflow of $26.55M. At $150.13M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $125.57M in fiscal 2024, revenue recorded a 19.6% year-over-year increase. On a per-share basis, diluted EPS was -$0.58, which connects the reported earnings outcome with the company’s diluted share count. The company employed $306.17M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.49x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
Gross profit was $50.54M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 33.7% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $2.12M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 1.4%, showing how efficiently sales converted into operating profit. After all below-operating-line items, the company recorded a net loss of $8.05M for the fiscal year. Net margin was -5.4%, reflecting a loss equal to 5.4% of reported revenue. The earnings statement records $8.67M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 5.8% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $2.36M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 27.2% of pretax income, showing the tax burden absorbed by the year’s earnings. The loss-to-equity relationship was 3.1%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 2.6%. The net loss narrowed to $8.05M from $12.45M in fiscal 2024.Liquidity and Capital Structure
Total assets were $306.17M, supported by $50.01M of liabilities and $256.16M of shareholder equity. The near-term balance sheet paired $198.49M of current assets with $36.60M of current liabilities at the reporting date. At 5.42x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $21.49M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 58.7%, excluding receivables and other current assets. The liabilities-to-assets relationship was 16.3%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 7.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 2.9% lower than fiscal 2024 assets of $315.27M, measuring the company’s own balance-sheet change. Book equity was 7.1% lower than fiscal 2024 equity of $275.76M, showing how shareholder capital changed year over year. The reported cash balance changed 32.9% from $16.17M in fiscal 2024, ending higher year over year.Cash Flow and Earnings Quality
Cash flow from operations was $26.55M, a reported cash inflow that can be compared directly with net income and capital spending. The cash-flow statement records $4.74M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 17.9% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $21.81M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 14.5% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 7.1%, comparing post-investment cash with the balance-sheet asset base.
Based on the annual report for the fiscal year ending Sep 30, 2025.
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