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Side-by-side financial comparison of Clarus Corp (CLAR) and Core Scientific, Inc. (CORZ). Click either name above to swap in a different company.
Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $65.4M, roughly 1.2× Clarus Corp). Core Scientific, Inc. runs the higher net margin — 268.5% vs -47.8%, a 316.3% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -16.0%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-450.8M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -33.3%).
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.
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
CLAR vs CORZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $79.8M |
| Net Profit | $-31.3M | $214.2M |
| Gross Margin | 27.7% | 26.0% |
| Operating Margin | -59.6% | -149.5% |
| Net Margin | -47.8% | 268.5% |
| Revenue YoY | -8.4% | -16.0% |
| Net Profit YoY | 52.3% | 180.6% |
| EPS (diluted) | $-0.81 | $-1.63 |
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 | $65.4M | $79.8M | ||
| Q3 25 | $69.3M | $81.1M | ||
| Q2 25 | $55.2M | $78.6M | ||
| Q1 25 | $60.4M | $79.5M | ||
| Q4 24 | $71.4M | $94.9M | ||
| Q3 24 | $67.1M | $95.4M | ||
| Q2 24 | $56.5M | $141.1M | ||
| Q1 24 | $69.3M | $179.3M |
| Q4 25 | $-31.3M | $214.2M | ||
| Q3 25 | $-1.6M | $-144.0M | ||
| Q2 25 | $-8.4M | $-936.8M | ||
| Q1 25 | $-5.2M | $576.3M | ||
| Q4 24 | $-65.5M | $-265.5M | ||
| Q3 24 | $-3.2M | $-455.3M | ||
| Q2 24 | $-5.5M | $-902.2M | ||
| Q1 24 | $21.9M | $210.7M |
| Q4 25 | 27.7% | 26.0% | ||
| Q3 25 | 35.1% | 4.8% | ||
| Q2 25 | 35.6% | 6.4% | ||
| Q1 25 | 34.4% | 10.3% | ||
| Q4 24 | 33.4% | 5.0% | ||
| Q3 24 | 35.0% | -0.2% | ||
| Q2 24 | 36.1% | 27.5% | ||
| Q1 24 | 35.9% | 43.3% |
| Q4 25 | -59.6% | -149.5% | ||
| Q3 25 | -4.4% | -67.6% | ||
| Q2 25 | -19.7% | -33.4% | ||
| Q1 25 | -11.2% | -59.1% | ||
| Q4 24 | -70.2% | -41.9% | ||
| Q3 24 | -8.0% | -43.2% | ||
| Q2 24 | -14.4% | -64.3% | ||
| Q1 24 | -9.8% | 30.8% |
| Q4 25 | -47.8% | 268.5% | ||
| Q3 25 | -2.3% | -177.6% | ||
| Q2 25 | -15.3% | -1191.4% | ||
| Q1 25 | -8.7% | 724.6% | ||
| Q4 24 | -91.8% | -279.7% | ||
| Q3 24 | -4.7% | -477.4% | ||
| Q2 24 | -9.7% | -639.4% | ||
| Q1 24 | 31.6% | 117.5% |
| Q4 25 | $-0.81 | $-1.63 | ||
| Q3 25 | $-0.04 | $-0.45 | ||
| Q2 25 | $-0.22 | $-0.04 | ||
| Q1 25 | $-0.14 | $1.24 | ||
| Q4 24 | $-1.72 | $0.51 | ||
| Q3 24 | $-0.08 | $-1.17 | ||
| Q2 24 | $-0.14 | $-5.05 | ||
| Q1 24 | $0.57 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.7M | $311.4M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $-962.7M |
| Total Assets | $249.0M | $2.3B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $311.4M | ||
| Q3 25 | $29.5M | $453.4M | ||
| Q2 25 | $28.5M | $581.3M | ||
| Q1 25 | $41.3M | $697.9M | ||
| Q4 24 | $45.4M | $836.2M | ||
| Q3 24 | $36.4M | $253.0M | ||
| Q2 24 | $46.2M | $96.1M | ||
| Q1 24 | $47.5M | $98.1M |
| 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 | $196.4M | $-962.7M | ||
| Q3 25 | $225.8M | $-1.3B | ||
| Q2 25 | $225.1M | $-1.2B | ||
| Q1 25 | $229.3M | $-308.8M | ||
| Q4 24 | $233.1M | $-943.0M | ||
| Q3 24 | $308.5M | $-826.7M | ||
| Q2 24 | $307.3M | $-1.2B | ||
| Q1 24 | $310.4M | $-318.5M |
| Q4 25 | $249.0M | $2.3B | ||
| Q3 25 | $283.1M | $2.2B | ||
| Q2 25 | $286.5M | $1.9B | ||
| Q1 25 | $292.8M | $1.5B | ||
| Q4 24 | $294.1M | $1.5B | ||
| Q3 24 | $375.3M | $824.6M | ||
| Q2 24 | $369.4M | $664.2M | ||
| Q1 24 | $377.0M | $814.0M |
| 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 | $12.5M | $278.3M |
| Free Cash FlowOCF − Capex | $11.6M | $-450.8M |
| FCF MarginFCF / Revenue | 17.7% | -565.1% |
| Capex IntensityCapex / Revenue | 1.4% | 914.0% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-779.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $278.3M | ||
| Q3 25 | $-5.7M | $131.8M | ||
| Q2 25 | $-9.4M | $34.0M | ||
| Q1 25 | $-2.1M | $-45.0M | ||
| Q4 24 | $16.6M | $42.9M | ||
| Q3 24 | $-8.3M | $5.7M | ||
| Q2 24 | $834.0K | $1.2M | ||
| Q1 24 | $-16.4M | $22.2M |
| Q4 25 | $11.6M | $-450.8M | ||
| Q3 25 | $-7.0M | $-112.7M | ||
| Q2 25 | $-11.3M | $-87.3M | ||
| Q1 25 | $-3.3M | $-129.0M | ||
| Q4 24 | $14.4M | $-52.1M | ||
| Q3 24 | $-9.4M | $-25.5M | ||
| Q2 24 | $-744.0K | $-1.9M | ||
| Q1 24 | $-18.3M | $-9.7M |
| Q4 25 | 17.7% | -565.1% | ||
| Q3 25 | -10.0% | -139.0% | ||
| Q2 25 | -20.4% | -111.0% | ||
| Q1 25 | -5.4% | -162.2% | ||
| Q4 24 | 20.1% | -54.8% | ||
| Q3 24 | -14.0% | -26.7% | ||
| Q2 24 | -1.3% | -1.4% | ||
| Q1 24 | -26.3% | -5.4% |
| Q4 25 | 1.4% | 914.0% | ||
| Q3 25 | 1.8% | 301.5% | ||
| Q2 25 | 3.4% | 154.2% | ||
| Q1 25 | 2.0% | 105.6% | ||
| Q4 24 | 3.1% | 100.0% | ||
| Q3 24 | 1.6% | 32.7% | ||
| Q2 24 | 2.8% | 2.2% | ||
| Q1 24 | 2.7% | 17.8% |
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
