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Side-by-side financial comparison of CARLSMED, INC. (CARL) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.
CARLSMED, INC. is the larger business by last-quarter revenue ($16.1M vs $13.4M, roughly 1.2× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs 0.3%, a 16.3% gap on every dollar of revenue. On growth, CARLSMED, INC. posted the faster year-over-year revenue change (58.2% vs -54.1%).
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
CARL vs POWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $16.1M | $13.4M |
| Net Profit | $51.8K | $2.2M |
| Gross Margin | 77.1% | 87.1% |
| Operating Margin | -34.7% | 14.7% |
| Net Margin | 0.3% | 16.7% |
| Revenue YoY | 58.2% | -54.1% |
| Net Profit YoY | — | 108.5% |
| EPS (diluted) | — | $0.01 |
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 | $16.1M | — | ||
| Q4 25 | $15.2M | $13.4M | ||
| Q3 25 | $13.1M | $12.0M | ||
| Q2 25 | $12.1M | $11.9M | ||
| Q1 25 | — | $12.6M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $12.3M |
| Q1 26 | $51.8K | — | ||
| Q4 25 | $82.5K | $2.2M | ||
| Q3 25 | $-8.5M | $1.4M | ||
| Q2 25 | $-6.8M | $-6.5M | ||
| Q1 25 | — | $-77.5M | ||
| Q4 24 | — | $-26.1M | ||
| Q3 24 | — | $-12.4M | ||
| Q2 24 | — | $-14.8M |
| Q1 26 | 77.1% | — | ||
| Q4 25 | 76.5% | 87.1% | ||
| Q3 25 | 75.9% | 87.1% | ||
| Q2 25 | 73.4% | 87.2% | ||
| Q1 25 | — | 87.5% | ||
| Q4 24 | — | 87.4% | ||
| Q3 24 | — | 86.9% | ||
| Q2 24 | — | 85.8% |
| Q1 26 | -34.7% | — | ||
| Q4 25 | -38.0% | 14.7% | ||
| Q3 25 | -69.1% | 5.9% | ||
| Q2 25 | -53.8% | -50.7% | ||
| Q1 25 | — | -213.6% | ||
| Q4 24 | — | -163.8% | ||
| Q3 24 | — | -50.3% | ||
| Q2 24 | — | -50.8% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 0.5% | 16.7% | ||
| Q3 25 | -65.2% | 11.7% | ||
| Q2 25 | -56.0% | -54.5% | ||
| Q1 25 | — | -614.5% | ||
| Q4 24 | — | -208.7% | ||
| Q3 24 | — | -103.7% | ||
| Q2 24 | — | -120.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-0.40 | $0.01 | ||
| Q2 25 | $-1.47 | $-0.06 | ||
| Q1 25 | — | $-0.67 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $97.0M | $69.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $237.3M |
| Total Assets | $118.8M | $271.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $97.0M | — | ||
| Q4 25 | $109.8M | $69.9M | ||
| Q3 25 | $115.4M | $65.7M | ||
| Q2 25 | $33.5M | $63.4M | ||
| Q1 25 | — | $30.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $33.5M | ||
| Q2 24 | — | $50.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.4M | — | ||
| Q2 25 | $15.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $237.3M | ||
| Q3 25 | $106.7M | $235.4M | ||
| Q2 25 | $-83.1M | $222.5M | ||
| Q1 25 | — | $222.0M | ||
| Q4 24 | — | $299.6M | ||
| Q3 24 | — | $325.6M | ||
| Q2 24 | — | $342.5M |
| Q1 26 | $118.8M | — | ||
| Q4 25 | $130.1M | $271.7M | ||
| Q3 25 | $134.9M | $270.3M | ||
| Q2 25 | $53.3M | $269.5M | ||
| Q1 25 | — | $297.3M | ||
| Q4 24 | — | $355.4M | ||
| Q3 24 | — | $368.9M | ||
| Q2 24 | — | $398.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $5.7M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $5.7M | ||
| Q3 25 | $-8.5M | $3.2M | ||
| Q2 25 | $-15.2M | $-6.7M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $-9.3M | ||
| Q2 24 | — | $-547.5K |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.0M | ||
| Q3 25 | $-8.6M | $2.5M | ||
| Q2 25 | $-15.6M | $-7.6M | ||
| Q1 25 | — | $-2.3M | ||
| Q4 24 | — | $720.3K | ||
| Q3 24 | — | $-10.6M | ||
| Q2 24 | — | $-1.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.6% | ||
| Q3 25 | -65.9% | 21.0% | ||
| Q2 25 | -129.2% | -63.8% | ||
| Q1 25 | — | -18.6% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -88.3% | ||
| Q2 24 | — | -11.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | 1.2% | 5.8% | ||
| Q2 25 | 3.4% | 7.5% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.55× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
