Clearfield vs Ondas
Clearfield is the larger business, with $150m of revenue in fiscal 2025 against $50.7m for Ondas (3.0 times as much). Ondas grew faster (605.3% against 19.6%). Clearfield kept more of each dollar of sales as profit: a net margin of -5.4% against -260.7%. Clearfield carries less debt relative to equity (0.9% against 1.9%).
| Latest fiscal year | ClearfieldCLFD, 2025 | OndasONDS, 2025 |
|---|---|---|
| Revenue | $150m | $50.7m |
| Revenue growth | 19.6% | 605.3% |
| Net income | −$8.1m | −$132m |
| Operating margin | 1.4% | -115.1% |
| Net margin | -5.4% | -260.7% |
| Return on equity | -3.0% | -58.2% |
| Free cash flow | $21.8m | −$40.8m |
| Cash | $21.5m | $551m |
| Total debt | $2.4m | $8.3m |
| Debt to equity | 0.9% | 1.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $16.7m | — |
| Employees | 243 | 459 |
| Market value | $433m | $3.05bn |
| Price vs our value range | Within our value range | — |
| Moat score | 40 (Weak) | 16 (Weak) |
| Insider trades, 12 months | 1 buys, 8 sales | 0 buys, 23 sales |