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Side-by-side financial comparison of C3.ai, Inc. (AI) and Clarus Corp (CLAR). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $65.4M, roughly 1.1× Clarus Corp). Clarus Corp runs the higher net margin — -47.8% vs -139.3%, a 91.5% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -20.3%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -2.9%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
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.
AI vs CLAR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $65.4M |
| Net Profit | $-104.7M | $-31.3M |
| Gross Margin | 40.4% | 27.7% |
| Operating Margin | -149.2% | -59.6% |
| Net Margin | -139.3% | -47.8% |
| Revenue YoY | -20.3% | -8.4% |
| Net Profit YoY | -58.7% | 52.3% |
| EPS (diluted) | $-0.75 | $-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 | $75.1M | $65.4M | ||
| Q3 25 | $70.3M | $69.3M | ||
| Q2 25 | $108.7M | $55.2M | ||
| Q1 25 | $98.8M | $60.4M | ||
| Q4 24 | $94.3M | $71.4M | ||
| Q3 24 | $87.2M | $67.1M | ||
| Q2 24 | $86.6M | $56.5M | ||
| Q1 24 | $78.4M | $69.3M |
| Q4 25 | $-104.7M | $-31.3M | ||
| Q3 25 | $-116.8M | $-1.6M | ||
| Q2 25 | $-79.7M | $-8.4M | ||
| Q1 25 | $-80.2M | $-5.2M | ||
| Q4 24 | $-66.0M | $-65.5M | ||
| Q3 24 | $-62.8M | $-3.2M | ||
| Q2 24 | $-72.9M | $-5.5M | ||
| Q1 24 | $-72.6M | $21.9M |
| Q4 25 | 40.4% | 27.7% | ||
| Q3 25 | 37.6% | 35.1% | ||
| Q2 25 | 62.1% | 35.6% | ||
| Q1 25 | 59.1% | 34.4% | ||
| Q4 24 | 61.3% | 33.4% | ||
| Q3 24 | 59.8% | 35.0% | ||
| Q2 24 | 59.6% | 36.1% | ||
| Q1 24 | 57.8% | 35.9% |
| Q4 25 | -149.2% | -59.6% | ||
| Q3 25 | -177.7% | -4.4% | ||
| Q2 25 | -81.8% | -19.7% | ||
| Q1 25 | -88.7% | -11.2% | ||
| Q4 24 | -79.8% | -70.2% | ||
| Q3 24 | -83.2% | -8.0% | ||
| Q2 24 | -95.1% | -14.4% | ||
| Q1 24 | -105.3% | -9.8% |
| Q4 25 | -139.3% | -47.8% | ||
| Q3 25 | -166.2% | -2.3% | ||
| Q2 25 | -73.3% | -15.3% | ||
| Q1 25 | -81.2% | -8.7% | ||
| Q4 24 | -69.9% | -91.8% | ||
| Q3 24 | -72.0% | -4.7% | ||
| Q2 24 | -84.2% | -9.7% | ||
| Q1 24 | -92.6% | 31.6% |
| Q4 25 | $-0.75 | $-0.81 | ||
| Q3 25 | $-0.86 | $-0.04 | ||
| Q2 25 | $-0.60 | $-0.22 | ||
| Q1 25 | $-0.62 | $-0.14 | ||
| Q4 24 | $-0.52 | $-1.72 | ||
| Q3 24 | $-0.50 | $-0.08 | ||
| Q2 24 | $-0.59 | $-0.14 | ||
| Q1 24 | $-0.60 | $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 | $675.0M | $36.7M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $771.9M | $196.4M |
| Total Assets | $961.3M | $249.0M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $36.7M | ||
| Q3 25 | $711.9M | $29.5M | ||
| Q2 25 | $742.7M | $28.5M | ||
| Q1 25 | $724.3M | $41.3M | ||
| Q4 24 | $730.4M | $45.4M | ||
| Q3 24 | $762.5M | $36.4M | ||
| Q2 24 | $750.4M | $46.2M | ||
| Q1 24 | $723.3M | $47.5M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $37.0K |
| Q4 25 | $771.9M | $196.4M | ||
| Q3 25 | $798.8M | $225.8M | ||
| Q2 25 | $838.3M | $225.1M | ||
| Q1 25 | $860.2M | $229.3M | ||
| Q4 24 | $859.0M | $233.1M | ||
| Q3 24 | $874.9M | $308.5M | ||
| Q2 24 | $873.4M | $307.3M | ||
| Q1 24 | $898.0M | $310.4M |
| Q4 25 | $961.3M | $249.0M | ||
| Q3 25 | $968.7M | $283.1M | ||
| Q2 25 | $1.0B | $286.5M | ||
| Q1 25 | $1.1B | $292.8M | ||
| Q4 24 | $1.0B | $294.1M | ||
| Q3 24 | $1.1B | $375.3M | ||
| Q2 24 | $1.0B | $369.4M | ||
| Q1 24 | $1.1B | $377.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $-46.5M | $12.5M |
| Free Cash FlowOCF − Capex | $-46.9M | $11.6M |
| FCF MarginFCF / Revenue | -62.4% | 17.7% |
| Capex IntensityCapex / Revenue | 0.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $12.5M | ||
| Q3 25 | $-33.5M | $-5.7M | ||
| Q2 25 | $11.3M | $-9.4M | ||
| Q1 25 | $-22.0M | $-2.1M | ||
| Q4 24 | $-38.7M | $16.6M | ||
| Q3 24 | $8.0M | $-8.3M | ||
| Q2 24 | $21.3M | $834.0K | ||
| Q1 24 | $-39.1M | $-16.4M |
| Q4 25 | $-46.9M | $11.6M | ||
| Q3 25 | $-34.3M | $-7.0M | ||
| Q2 25 | $10.3M | $-11.3M | ||
| Q1 25 | $-22.4M | $-3.3M | ||
| Q4 24 | $-39.5M | $14.4M | ||
| Q3 24 | $7.1M | $-9.4M | ||
| Q2 24 | $18.8M | $-744.0K | ||
| Q1 24 | $-45.1M | $-18.3M |
| Q4 25 | -62.4% | 17.7% | ||
| Q3 25 | -48.8% | -10.0% | ||
| Q2 25 | 9.5% | -20.4% | ||
| Q1 25 | -22.7% | -5.4% | ||
| Q4 24 | -41.9% | 20.1% | ||
| Q3 24 | 8.2% | -14.0% | ||
| Q2 24 | 21.7% | -1.3% | ||
| Q1 24 | -57.6% | -26.3% |
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 0.9% | 3.4% | ||
| Q1 25 | 0.4% | 2.0% | ||
| Q4 24 | 0.9% | 3.1% | ||
| Q3 24 | 1.1% | 1.6% | ||
| Q2 24 | 2.9% | 2.8% | ||
| Q1 24 | 7.8% | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
