CLEARFIELD, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 43.7% | 14.3% | 10.6% |
| FY2017 | 40.9% | 7.2% | 5.2% |
| FY2018 | 39.9% | 6.5% | 5.5% |
| FY2019 | 38.4% | 6.1% | 5.4% |
| FY2020 | 40.7% | 9.0% | 7.8% |
| FY2021 | 43.5% | 17.9% | 14.4% |
| FY2022 | 41.7% | 23.6% | 18.2% |
| FY2023 | 35.4% | 16.6% | 14.4% |
| FY2024 | 20.6% | -15.3% | -9.9% |
| FY2025 | 33.7% | 1.4% | -5.4% |
Invert, always invert.