Clipper Realty Inc. (CLPR) intrinsic value & 10-year financials

Clipper Realty Inc. (CLPR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.7% a year to $153.2M, with an average return on invested capital of -1.2%.

Graham intrinsic value
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Share price (Oct 17, 2026)
$3.15
Revenue (FY2025)
$153.2M
Revenue growth (10-yr CAGR)
5.7%
ROIC (10-yr avg)
-1.2%
Free cash flow (FY2025)
—

CLPR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $153.2M -$52.3M — — 2.7% 0.3%
FY2024 $148.8M -$6.6M — -$37.9M 27.2% 3.3%
FY2023 $138.2M -$15.6M — -$20.1M 24.0% 2.8%
FY2022 $129.7M -$12.6M — -$32.0M 21.3% 2.4%
FY2021 $122.7M -$20.0M — -$70.0M 19.7% 2.2%
FY2020 $122.8M -$12.2M — -$17.2M 26.2% 3.1%
FY2019 $116.2M -$4.1M — -$18.9M 28.8% -0.4%
FY2018 $110.0M -$9.0M — -$18.4M 29.5% 3.5%
FY2017 $104.0M -$6.0M — -$12.3M 28.4% 3.2%
FY2016 $93.0M -$12.3M — -$8.8M 27.7% -32.3%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Clipper Realty Inc. has demonstrated mature, steady growth, with revenue compounding at 5.7% annually over the past decade.

Clipper Realty Inc. has historically struggled to out-earn its cost of capital, averaging just 2.3% ROIC.

Clipper Realty Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Clipper Realty Inc. is modeled at 5.7% normalized earnings growth with a 5.1% bond-yield adjustment.

CLPR stock: frequently asked questions

How fast has Clipper Realty Inc. grown?

Revenue went from $93.0M in fiscal 2016 to $153.2M in fiscal 2025, a compound annual growth rate of 5.7%. Net income was -$52.3M in fiscal 2025.

What is CLPR's return on invested capital?

Average ROIC over the last 10 fiscal years was -1.2%, and average return on equity was 38.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CLPR data come from?

From Clipper Realty Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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