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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Clarus Corp (CLAR). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $43.2M, roughly 1.5× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -47.8%, a 171.8% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs -8.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $11.6M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
ADAM vs CLAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $65.4M |
| Net Profit | $53.5M | $-31.3M |
| Gross Margin | — | 27.7% |
| Operating Margin | — | -59.6% |
| Net Margin | 124.0% | -47.8% |
| Revenue YoY | 61.6% | -8.4% |
| Net Profit YoY | 270.5% | 52.3% |
| EPS (diluted) | $0.45 | $-0.81 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.2M | $65.4M | ||
| Q3 25 | $36.6M | $69.3M | ||
| Q2 25 | $36.4M | $55.2M | ||
| Q1 25 | $33.1M | $60.4M | ||
| Q4 24 | $26.7M | $71.4M | ||
| Q3 24 | $20.2M | $67.1M | ||
| Q2 24 | $19.0M | $56.5M | ||
| Q1 24 | $17.9M | $69.3M |
| Q4 25 | $53.5M | $-31.3M | ||
| Q3 25 | $44.8M | $-1.6M | ||
| Q2 25 | $8.5M | $-8.4M | ||
| Q1 25 | $42.2M | $-5.2M | ||
| Q4 24 | $-31.4M | $-65.5M | ||
| Q3 24 | $42.8M | $-3.2M | ||
| Q2 24 | $-15.6M | $-5.5M | ||
| Q1 24 | $-57.9M | $21.9M |
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 33.4% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 35.9% |
| Q4 25 | — | -59.6% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | 11.7% | -19.7% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | -119.0% | -70.2% | ||
| Q3 24 | — | -8.0% | ||
| Q2 24 | -124.7% | -14.4% | ||
| Q1 24 | -448.8% | -9.8% |
| Q4 25 | 124.0% | -47.8% | ||
| Q3 25 | 122.5% | -2.3% | ||
| Q2 25 | 23.4% | -15.3% | ||
| Q1 25 | 127.4% | -8.7% | ||
| Q4 24 | -117.5% | -91.8% | ||
| Q3 24 | 211.7% | -4.7% | ||
| Q2 24 | -81.9% | -9.7% | ||
| Q1 24 | -324.1% | 31.6% |
| Q4 25 | $0.45 | $-0.81 | ||
| Q3 25 | $0.36 | $-0.04 | ||
| Q2 25 | $-0.04 | $-0.22 | ||
| Q1 25 | $0.33 | $-0.14 | ||
| Q4 24 | $-0.46 | $-1.72 | ||
| Q3 24 | $0.36 | $-0.08 | ||
| Q2 24 | $-0.29 | $-0.14 | ||
| Q1 24 | $-0.75 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $36.7M |
| Total DebtLower is stronger | $735.8M | $0 |
| Stockholders' EquityBook value | $1.4B | $196.4M |
| Total Assets | $12.6B | $249.0M |
| Debt / EquityLower = less leverage | 0.52× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $36.7M | ||
| Q3 25 | $185.3M | $29.5M | ||
| Q2 25 | $160.4M | $28.5M | ||
| Q1 25 | $177.1M | $41.3M | ||
| Q4 24 | $167.4M | $45.4M | ||
| Q3 24 | $195.1M | $36.4M | ||
| Q2 24 | $235.5M | $46.2M | ||
| Q1 24 | $226.9M | $47.5M |
| Q4 25 | $735.8M | $0 | ||
| Q3 25 | $766.6M | $2.0M | ||
| Q2 25 | $653.0M | $1.9M | ||
| Q1 25 | $654.4M | $1.9M | ||
| Q4 24 | $573.2M | $1.9M | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | $37.0K |
| Q4 25 | $1.4B | $196.4M | ||
| Q3 25 | $1.4B | $225.8M | ||
| Q2 25 | $1.4B | $225.1M | ||
| Q1 25 | $1.4B | $229.3M | ||
| Q4 24 | $1.4B | $233.1M | ||
| Q3 24 | $1.4B | $308.5M | ||
| Q2 24 | $1.4B | $307.3M | ||
| Q1 24 | $1.5B | $310.4M |
| Q4 25 | $12.6B | $249.0M | ||
| Q3 25 | $12.4B | $283.1M | ||
| Q2 25 | $10.6B | $286.5M | ||
| Q1 25 | $10.0B | $292.8M | ||
| Q4 24 | $9.2B | $294.1M | ||
| Q3 24 | $8.9B | $375.3M | ||
| Q2 24 | $8.2B | $369.4M | ||
| Q1 24 | $7.4B | $377.0M |
| Q4 25 | 0.52× | 0.00× | ||
| Q3 25 | 0.55× | 0.01× | ||
| Q2 25 | 0.47× | 0.01× | ||
| Q1 25 | 0.47× | 0.01× | ||
| Q4 24 | 0.41× | 0.01× | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | 0.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $134.0M | $12.5M |
| Free Cash FlowOCF − Capex | $125.9M | $11.6M |
| FCF MarginFCF / Revenue | 291.6% | 17.7% |
| Capex IntensityCapex / Revenue | 18.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $12.5M | ||
| Q3 25 | $6.9M | $-5.7M | ||
| Q2 25 | $39.2M | $-9.4M | ||
| Q1 25 | $25.8M | $-2.1M | ||
| Q4 24 | $14.1M | $16.6M | ||
| Q3 24 | $-922.0K | $-8.3M | ||
| Q2 24 | $-993.0K | $834.0K | ||
| Q1 24 | $-13.1M | $-16.4M |
| Q4 25 | $125.9M | $11.6M | ||
| Q3 25 | — | $-7.0M | ||
| Q2 25 | — | $-11.3M | ||
| Q1 25 | — | $-3.3M | ||
| Q4 24 | $-10.6M | $14.4M | ||
| Q3 24 | $-8.6M | $-9.4M | ||
| Q2 24 | $-8.6M | $-744.0K | ||
| Q1 24 | $-19.1M | $-18.3M |
| Q4 25 | 291.6% | 17.7% | ||
| Q3 25 | — | -10.0% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | -39.6% | 20.1% | ||
| Q3 24 | -42.3% | -14.0% | ||
| Q2 24 | -44.9% | -1.3% | ||
| Q1 24 | -107.0% | -26.3% |
| Q4 25 | 18.9% | 1.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 92.3% | 3.1% | ||
| Q3 24 | 37.7% | 1.6% | ||
| Q2 24 | 39.7% | 2.8% | ||
| Q1 24 | 33.5% | 2.7% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
