Clearfield vs Lantronix
Clearfield is the larger business, with $150m of revenue in fiscal 2025 against $121m for Lantronix (1.2 times as much). Clearfield grew faster (19.6% against -1.6%). Lantronix kept more of each dollar of sales as profit: a net margin of -3.5% against -5.4%.
| Latest fiscal year | ClearfieldCLFD, 2025 | LantronixLTRX, 2026 |
|---|---|---|
| Revenue | $150m | $121m |
| Revenue growth | 19.6% | -1.6% |
| Net income | −$8.1m | −$4.2m |
| Operating margin | 1.4% | — |
| Net margin | -5.4% | -3.5% |
| Return on equity | -3.0% | -4.3% |
| Free cash flow | $21.8m | $9.3m |
| Cash | $21.5m | $60.5m |
| Total debt | $2.4m | $0 |
| Debt to equity | 0.9% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $16.7m | — |
| Employees | 243 | — |
| Market value | $443m | $272m |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 40 (Weak) | 50 (Moderate) |
| Insider trades, 12 months | 1 buys, 8 sales | 1 buys, 1 sales |