Clearfield, Inc.

CLFDNASDAQTechnology● Active

$41.10

+$1.06(+2.65%)

Market Cap$558528450

P/E Ratio—

52W High$52.73

52W Low$23.76

Avg Volume261K

Open$41.23

Beta2.09

Free Cash Flow Financials Revenue

Clearfield, Inc. (CLFD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CLFD · free cash flow · updated Jun 9, 2026

Core FCF metrics

CLFD · FCF · TTM · margin & CAGR

Free cash flow was $24.7M for FY2025 (fiscal year ending 2025-09-30), up 95.2% year-over-year The FCF margin was 16.5%. Five-year CAGR stands at +38.5%.

FY2025 Free Cash Flow$24.7M▲ +95.2% YoY

Trailing 12M (TTM)$16.1Mtrailing 4 quarters sum

FCF Margin16.5%$24.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+38.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CLFD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$29.4M(5M)$24.7M▲ +95.2%16.5%

FY2024$22.2M(10M)$12.7M▲ +8.9%10.1%

FY2023$20.0M(8M)$11.6M▲ +242.7%5.2%

FY2022$1.0M(9M)−$8.1M▼ 192.0%-3.0%

FY2021$10.9M(2M)$8.9M▲ +82.6%6.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CLFD · P/FCF · FCF yield · FCF per share

Clearfield, Inc. (CLFD) trades at a FCF yield of 2.88% and a price-to-free-cash-flow ratio of 35.7x. FCF per share stands at $1.15, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.88%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.15

TTM FCF ÷ Shares Outstanding

Price / FCF

x35.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x34.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

CLFD · cash flow statement · operating / investing / financing

For FY2025, Clearfield, Inc. generated $29.4M in operating cash flow and spent 5M in capital expenditures, yielding $24.7M in free cash flow.

Operating Activities

+$29.4M

Cash from core business operations

2025-09-30

Investing Activities

−$8.8M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$14.2M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($29.4M) − |CapEx| (5M) = FCF ($24.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

CLFD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Clearfield, Inc.YOU

CLFD

$24.7M+95.2%16.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Clearfield, Inc. (CLFD) reported free cash flow of $24.7M for FY2025 (fiscal year ending 2025-09-30), up 95.2% year-over-year. The FCF margin was 16.5%.

Based on available data, Clearfield, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $24.7M in FY2025. The 5-year CAGR stands at +38.5%.

Clearfield, Inc.'s FCF yield is 2.88% and price-to-FCF ratio is 35.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CLFD free cash flow · 8 questions

Clearfield, Inc. free cash flow was $24.7M for FY2025, up 95.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $16.1M.

CLFD free cash flowCLFD FCFCLFD FCF 2025CLFD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Clearfield, Inc. · Clearfield, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026