CLEARFIELD, INC.
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Mar 2022 | 43.3% | 22.3% | 17.3% |
| Jun 2022 | 41.1% | 23.3% | 17.9% |
| Dec 2022 | 35.7% | 20.8% | 16.6% |
| Mar 2023 | 32.8% | 16.8% | 14.4% |
| Jun 2023 | 31.1% | 9.2% | 8.5% |
| Dec 2023 | 13.7% | -23.8% | -15.4% |
| Mar 2024 | 7.7% | -26.4% | -16.0% |
| Jun 2024 | 21.9% | -4.7% | -0.9% |
| Dec 2024 | 29.2% | -6.9% | -6.4% |
| Mar 2025 | 34.4% | 4.1% | 3.3% |
| Jun 2025 | 35.3% | 3.9% | 4.1% |
| Dec 2025 | 33.2% | -5.3% | -1.8% |
| Mar 2026 | 32.5% | -6.0% | -1.5% |
| Jun 2026 | 31.8% | 5.9% | 6.8% |
Mimicking the herd invites regression to the mean (merely average performance).