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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Clarus Corp (CLAR). Click either name above to swap in a different company.
BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $65.4M, roughly 1.9× Clarus Corp). BRANDYWINE REALTY TRUST runs the higher net margin — -38.4% vs -47.8%, a 9.4% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs -8.4%). Over the past eight quarters, BRANDYWINE REALTY TRUST's revenue compounded faster (0.7% CAGR vs -2.9%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
BDN vs CLAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $65.4M |
| Net Profit | $-48.8M | $-31.3M |
| Gross Margin | — | 27.7% |
| Operating Margin | 1.2% | -59.6% |
| Net Margin | -38.4% | -47.8% |
| Revenue YoY | 4.5% | -8.4% |
| Net Profit YoY | -80.4% | 52.3% |
| EPS (diluted) | $-0.28 | $-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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $65.4M | ||
| Q3 25 | $121.4M | $69.3M | ||
| Q2 25 | $120.6M | $55.2M | ||
| Q1 25 | $121.5M | $60.4M | ||
| Q4 24 | $121.9M | $71.4M | ||
| Q3 24 | $131.8M | $67.1M | ||
| Q2 24 | $125.3M | $56.5M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-31.3M | ||
| Q3 25 | $-25.9M | $-1.6M | ||
| Q2 25 | $-88.7M | $-8.4M | ||
| Q1 25 | $-27.0M | $-5.2M | ||
| Q4 24 | $-44.5M | $-65.5M | ||
| Q3 24 | $-165.2M | $-3.2M | ||
| Q2 24 | $30.2M | $-5.5M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 27.7% | ||
| Q3 25 | 62.6% | 35.1% | ||
| Q2 25 | 62.4% | 35.6% | ||
| Q1 25 | 60.8% | 34.4% | ||
| Q4 24 | 61.2% | 33.4% | ||
| Q3 24 | 64.9% | 35.0% | ||
| Q2 24 | 63.1% | 36.1% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | -59.6% | ||
| Q3 25 | 20.8% | -4.4% | ||
| Q2 25 | -34.3% | -19.7% | ||
| Q1 25 | 12.5% | -11.2% | ||
| Q4 24 | 18.0% | -70.2% | ||
| Q3 24 | -7.2% | -8.0% | ||
| Q2 24 | 15.5% | -14.4% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -47.8% | ||
| Q3 25 | -21.3% | -2.3% | ||
| Q2 25 | -73.5% | -15.3% | ||
| Q1 25 | -22.2% | -8.7% | ||
| Q4 24 | -36.5% | -91.8% | ||
| Q3 24 | -125.4% | -4.7% | ||
| Q2 24 | 24.1% | -9.7% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $-0.81 | ||
| Q3 25 | $-0.15 | $-0.04 | ||
| Q2 25 | $-0.51 | $-0.22 | ||
| Q1 25 | $-0.16 | $-0.14 | ||
| Q4 24 | $-0.25 | $-1.72 | ||
| Q3 24 | $-0.96 | $-0.08 | ||
| Q2 24 | $0.17 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $36.7M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | — | $196.4M |
| Total Assets | $3.6B | $249.0M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $36.7M | ||
| Q3 25 | $75.5M | $29.5M | ||
| Q2 25 | $122.6M | $28.5M | ||
| Q1 25 | $29.4M | $41.3M | ||
| Q4 24 | $90.2M | $45.4M | ||
| Q3 24 | $36.5M | $36.4M | ||
| Q2 24 | $30.4M | $46.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $0 | ||
| Q3 25 | $2.3B | $2.0M | ||
| Q2 25 | $2.3B | $1.9M | ||
| Q1 25 | $2.2B | $1.9M | ||
| Q4 24 | $2.2B | $1.9M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $196.4M | ||
| Q3 25 | $841.5M | $225.8M | ||
| Q2 25 | $879.8M | $225.1M | ||
| Q1 25 | $993.6M | $229.3M | ||
| Q4 24 | $1.0B | $233.1M | ||
| Q3 24 | $1.1B | $308.5M | ||
| Q2 24 | $1.3B | $307.3M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $249.0M | ||
| Q3 25 | $3.3B | $283.1M | ||
| Q2 25 | $3.4B | $286.5M | ||
| Q1 25 | $3.4B | $292.8M | ||
| Q4 24 | $3.5B | $294.1M | ||
| Q3 24 | $3.6B | $375.3M | ||
| Q2 24 | $3.8B | $369.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 0.00× | ||
| Q3 25 | 2.70× | 0.01× | ||
| Q2 25 | 2.63× | 0.01× | ||
| Q1 25 | 2.23× | 0.01× | ||
| Q4 24 | 2.13× | 0.01× | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $12.5M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 17.7% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $12.5M | ||
| Q3 25 | $47.5M | $-5.7M | ||
| Q2 25 | $34.4M | $-9.4M | ||
| Q1 25 | $6.3M | $-2.1M | ||
| Q4 24 | $181.1M | $16.6M | ||
| Q3 24 | $52.2M | $-8.3M | ||
| Q2 24 | $48.2M | $834.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-7.0M | ||
| Q2 25 | — | $-11.3M | ||
| Q1 25 | — | $-3.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | — | $-9.4M | ||
| Q2 24 | — | $-744.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | -10.0% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
