CLFDNasdaqTelephone & Telegraph ApparatusUS GAAP · USD

Clearfield, Inc.

Clearfield, Inc. designs, manufactures, and distributes fiber management, fiber protection, and fiber delivery products used to speed up broadband network deployment. Its products help service providers build FTTH, MDU/MTU, business, and wireless backhaul networks with less labor, less material, and faster time to revenue.

Kysy yhtiöstä
Liikevaihto150milj. USD
−9,9 %v/v
Liikevoitto (EBIT)2,1milj. USD
+109,1 %v/v
EBIT-marginaali1,4%
+15,3 %-yks.v/v
Nettotulos−8,1milj. USD
+35,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300milj. USD2020: 93 milj. USD2020: EBIT 8,4 milj. USD20202021: 141 milj. USD2021: EBIT 25 milj. USD20212022: 271 milj. USD2022: EBIT 64 milj. USD20222023: 269 milj. USD2023: EBIT 37 milj. USD20232024: 167 milj. USD2024: EBIT −23 milj. USD20242025: 150 milj. USD2025: EBIT 2,1 milj. USD20251502,1
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Fiber management and protection45 %

Hardware that organizes, protects, and routes fiber in access and network environments.

Fiber delivery and drop solutions30 %

FieldShield and related products that connect fiber access points to homes and premises.

Fiber assemblies and custom connectivity15 %

Standard and customer-specific fiber assemblies built for OEMs and network operators.

Connector cleaning and installation accessories5 %

Products such as ClearPass that simplify installation and improve network performance.

Legacy build-to-print and contract manufacturing5 %

Legacy copper and fiber assembly work and related manufacturing services.

Asiakkaat

Clearfield sells primarily to broadband service providers that are building or expanding fiber networks, especially in North America. Its customer base includes Community Broadband operators, Large Regional Service Providers, National Carriers, MSOs, utilities, municipalities, distributors, and international customers in Canada, Mexico, the Caribbean, and Central/South America. The products are bought to reduce deployment cost, speed installation, and improve the economics of fiber rollouts.

Community Broadband

Tier 2/3 telcos, utilities, municipalities, and alternative carriers buying fiber deployment hardware to expand local broadband networks.

Large Regional Service Providers

ILECs with multi-state networks that use Clearfield products to scale FTTH and access network builds.

National Carriers

Tier 1 wireline and wireless carriers buying fiber management and delivery products for access, backhaul, and fronthaul.

Multiple System Operators

Cable operators using fiber products for business services and network upgrades.

Distributors

Channel partners that purchase inventory for resale to broadband operators and other end users.

International broadband customers

Customers in Canada, Mexico, the Caribbean, and Central/South America buying fiber deployment products.

Strategia

Clearfield’s strategy is to win fiber deployment share by making network builds faster, simpler, and less labor-intensive for service providers. The company is also focused on supply-chain resilience, quick-turn manufacturing, and maintaining flexibility across direct sales and distribution channels. Following the sale of Nestor Cables, the business is more concentrated on its core fiber management and delivery platform.

Accelerate broadband deployment economicsLyhyt aikaväli

Customers buy Clearfield to lower labor and material needs while speeding time to revenue.

Improve supply chain resilienceLyhyt aikaväli

Single- and limited-source components can disrupt delivery and raise costs.

Broaden addressable network applicationsKeskipitkä aikaväli

The same fiber platform can serve access, backhaul, fronthaul, and data center environments.

Concentrate on core fiber platformLyhyt aikaväli

A more focused portfolio can improve execution and capital allocation.

Maantiede

Q1/2026

Clearfield’s business is centered in North America, with sales primarily in the United States and additional demand in Canada, Mexico, the Caribbean, and Central/South America. Final build and assembly is concentrated in Brooklyn Park, Minnesota and Tijuana, Mexico, while the company also relies on domestic and global manufacturing partners. Geography matters because the company’s supply chain, customer demand, and shipping exposure are tied to broadband build activity and cross-border logistics.

USA99 %
Other countries (US filing)1,5 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Clearfield depends on a supply chain for specialized components, so shortages, shipping delays, or supplier concentration can disrupt customer deliveries and margins. Demand is tied to broadband build cycles, making the business sensitive to customer spending patterns, competition, and macro/geopolitical conditions that affect network investment and logistics. Product quality, cybersecurity, and integration risk also matter because the company sells mission-critical hardware into network deployments.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Supply chain disruption for critical components1Geopolitical and macroeconomic disruption2Product performance or specification failures3Cybersecurity incidents4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Supply chain disruption for critical componentsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on third-party suppliers for molded parts, cabling, optical components, and connectors.

    Kohdistuu: Single- and limited-source suppliers

  2. Geopolitical and macroeconomic disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Trade tensions, sanctions, energy costs, and global conflicts can affect sourcing, shipping, and customer demand.

    Kohdistuu: North America and global supply chain

  3. Product performance or specification failuresVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Customers use the products in network builds where defects can delay deployments and harm reputation.

    Kohdistuu: Fiber management and delivery hardware

  4. Cybersecurity incidentsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Attacks could disrupt operations, compromise confidential data, and create remediation costs.

    KohdistuuIT systemsSuppliersCustomersThird-party providers

Kirjanpito

Harkinnanvaraiset erät
Inventory valuation

Management must estimate obsolescence and realizable value for fiber components and finished goods.

Vaikutus: Can move gross margin and inventory write-downs

Goodwill and intangible impairment

Acquired businesses and finite-lived intangibles require periodic assessment for impairment.

Vaikutus: Can create non-cash charges if business performance weakens

Fair value of investments

The company holds cash equivalents and investments whose valuation affects balance sheet and income.

Vaikutus: Can affect other income and reported liquidity

Stock-based compensation

Equity awards are a recurring expense and require judgment in valuation assumptions.

Vaikutus: Affects operating expenses and earnings per share

Discontinued operations from Nestor Cables sale

The divestiture changes comparability and requires separate presentation of historical results.

Vaikutus: Affects trend analysis and segment comparisons

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Päivitetty: 24.9.2026