CLEARFIELD, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
Abnormally good or abnormally bad conditions do not last forever.