Clearfield, Inc. (CLFD) vs Harmonic Inc. (HLIT)

Clearfield, Inc. and Harmonic Inc. are both Communication Equipment companies. Harmonic Inc. is the larger, with a market value of $1.0B against $390.1M — 2.6× the size. Clearfield, Inc. grew revenue faster over the last twelve months: −1.41% against −16.0%. Clearfield, Inc. has the higher net margin (−4.70% vs −7.81%) and the lower return on invested capital (−0.16% vs 15.9%). Across the 19 metrics below, Clearfield, Inc. leads on 14 and Harmonic Inc. on 5.

Valuation

Metric CLFD HLIT Communication Equipment median
P/E n/m n/m 29.86
P/S 2.56 2.27 1.68
P/B 1.60 2.72 1.72
Price to free cash flow 48.66 n/m 21.71
EV/EBITDA 57.48 7.61 14.04
EV/Sales 1.94 2.03 1.76
Earnings yield (1.76%) (3.26%) (0.87%)
Free cash flow yield 2.06% (2.42%) 0.68%

Profitability

Metric CLFD HLIT Communication Equipment median
Gross margin 33.01% 49.29% 39.34%
Operating margin (0.24%) 15.15% 2.43%
Net margin (4.70%) (7.81%) (0.64%)
Free cash flow margin 5.37% (5.50%) 0.27%
Return on equity (2.83%) (8.60%) 0.00%
Return on assets (2.48%) (5.22%) (0.10%)
Return on invested capital (0.16%) 15.85% 1.29%

Growth

Metric CLFD HLIT Communication Equipment median
Revenue growth (TTM) (1.41%) (16.04%) 9.66%
EPS growth (last fiscal year) 31.76% (215.15%) 31.29%
Revenue growth, 5-year CAGR 10.03% (0.99%) 4.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CLFD HLIT Communication Equipment median
Debt to equity 0.00 0.10 0.05
Current ratio 12.53 2.43 1.99
Net debt to EBITDA (16.40) (0.15) 0.93

Dividend

Metric CLFD HLIT Communication Equipment median
Dividend yield — — 1.10%
Payout ratio — — 0.44

Size

Metric CLFD HLIT Communication Equipment median
Market cap 390.13m 1.01b 495.24m

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