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Companies / Technology / Clearfield, Inc.
CLFD

Clearfield, Inc.

TechnologyElectronic Equipment
Ticker CLFDBROOKLYN PARK, MNFiscal year ends SeptemberBook value per share $17.94Diluted shares 13.7M

Clearfield, Inc. (Nasdaq: CLFD) designs, manufactures, and distributes fiber protection, fiber management, and fiber delivery solutions that enable rapid and cost-effective fiber-fed deployment across the broadband service provider industry, primarily throughout North America. The company's website is… From the company’s description.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$150.13M
−9.9% year over year
Last 12 mo $130.18M
1.41%
+15.3 percentage points
Last 12 mo 2.31%
—
-3.14%
+1.4 percentage points
Last 12 mo -2.94%
Cash & financing
$26.55M
+19.5% year over year
Last 12 mo $15.78M
$21.81M
+72.3% year over year
Last 12 mo $13.34M
—
Was 0.01× a year earlier
14.0M
−4.1% year over year
Last 12 mo 13.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Clearfield, Inc. does

In the company’s own words

Clearfield, Inc. (Nasdaq: CLFD) designs, manufactures, and distributes fiber protection, fiber management, and fiber delivery solutions that enable rapid and cost-effective fiber-fed deployment across the broadband service provider industry, primarily throughout North America. The company's website is www.seeclearfield.com.

The company serves a diverse customer base including community broadband providers, multiple system operators, large regional service providers, national carriers, and international customers across Canada, the Caribbean, Central and South America, and Mexico. Clearfield's product portfolio includes the FieldSmart fiber management system featuring the Clearview Cassette, WaveSmart optical components, CraftSmart FiberFirst pedestals, access terminals, and the FieldShield fiber pathway and protection platform. The company also manufactures custom fiber assemblies and offers the ClearPass connector cleaning dust cap innovation.

Clearfield operates manufacturing facilities in Brooklyn Park, Minnesota and Tijuana, Mexico, where the latter operates under a Maquiladora arrangement. As of September 30, 2025, the company employed approximately 243 full-time employees in the United States, with approximately 160 office personnel and 83 manufacturing personnel, plus approximately 375 contracted personnel through the Mexico facility. The company holds 63 granted patents with multiple applications pending.

In November 2025, Clearfield completed the sale of its Nestor Cables business, which had been reported as a separate operating segment. Following this divestiture, the company now operates as a single reportable segment focused on fiber management, protection, and delivery products that accelerate fiber-based network deployment for residential homes, businesses, and network infrastructure in wireline and wireless access networks.

The company's competitive advantages include its modular product design philosophy, plug-and-play platform approach, quick-turn manufacturing capabilities, and focus on labor-lite solutions that reduce deployment costs and complexity. Clearfield competes against larger companies including Corning, CommScope, Amphenol, and Nokia, among others, competing primarily on functionality, price, quality, installation ease, and product innovation rather than on large-volume commodity offerings.

Company details
Sector
Technology
Industry
Electronic Equipment
Headquarters
BROOKLYN PARK, MN
Fiscal year end
September
CIK
796505
SIC
3661

Financial performance, year by year

Fiscal 2013–2025 · USD
$-40.79M$44.21M$129.22M$214.22M$299.22M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Clearfield, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

153
funds hold it
0 of 35
superinvestors hold it
$123.30M
held by funds, at market
23.1%
of shares held by funds

Largest fund holders · Clearfield, Inc.’s weight in each

0.01%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Mairs & Power Fund
MPGFX · Trust for Professional Managers
0.14%of fund net assets
Mairs & Power Small Cap Fund
MSCFX · Trust for Professional Managers
2.42%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Clearfield, Inc. and its peers compare on margins and cash generation over ten years?”
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