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Side-by-side financial comparison of Clarus Corp (CLAR) and California Resources Corp (CRC). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($119.0M vs $65.4M, roughly 1.8× Clarus Corp). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-32.0M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -46.3%).

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.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

CLAR vs CRC — Head-to-Head

Bigger by revenue
CRC
CRC
1.8× larger
CRC
$119.0M
$65.4M
CLAR
More free cash flow
CLAR
CLAR
$43.6M more FCF
CLAR
$11.6M
$-32.0M
CRC
Faster 2-yr revenue CAGR
CLAR
CLAR
Annualised
CLAR
-2.9%
-46.3%
CRC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CLAR
CLAR
CRC
CRC
Revenue
$65.4M
$119.0M
Net Profit
$-31.3M
Gross Margin
27.7%
Operating Margin
-59.6%
-597.5%
Net Margin
-47.8%
Revenue YoY
-8.4%
Net Profit YoY
52.3%
EPS (diluted)
$-0.81
$-8.02

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.

Revenue
CLAR
CLAR
CRC
CRC
Q1 26
$119.0M
Q4 25
$65.4M
$679.0M
Q3 25
$69.3M
$715.0M
Q2 25
$55.2M
$702.0M
Q1 25
$60.4M
$814.0M
Q4 24
$71.4M
$826.0M
Q3 24
$67.1M
$870.0M
Q2 24
$56.5M
$412.0M
Net Profit
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
$-31.3M
$12.0M
Q3 25
$-1.6M
$64.0M
Q2 25
$-8.4M
$172.0M
Q1 25
$-5.2M
$115.0M
Q4 24
$-65.5M
$33.0M
Q3 24
$-3.2M
$345.0M
Q2 24
$-5.5M
$8.0M
Gross Margin
CLAR
CLAR
CRC
CRC
Q1 26
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%
Operating Margin
CLAR
CLAR
CRC
CRC
Q1 26
-597.5%
Q4 25
-59.6%
6.9%
Q3 25
-4.4%
13.7%
Q2 25
-19.7%
38.0%
Q1 25
-11.2%
22.9%
Q4 24
-70.2%
8.2%
Q3 24
-8.0%
59.5%
Q2 24
-14.4%
9.2%
Net Margin
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
-47.8%
1.8%
Q3 25
-2.3%
9.0%
Q2 25
-15.3%
24.5%
Q1 25
-8.7%
14.1%
Q4 24
-91.8%
4.0%
Q3 24
-4.7%
39.7%
Q2 24
-9.7%
1.9%
EPS (diluted)
CLAR
CLAR
CRC
CRC
Q1 26
$-8.02
Q4 25
$-0.81
$0.21
Q3 25
$-0.04
$0.76
Q2 25
$-0.22
$1.92
Q1 25
$-0.14
$1.26
Q4 24
$-1.72
$0.87
Q3 24
$-0.08
$3.78
Q2 24
$-0.14
$0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLAR
CLAR
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$36.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$196.4M
$2.9B
Total Assets
$249.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
$36.7M
$132.0M
Q3 25
$29.5M
$196.0M
Q2 25
$28.5M
$72.0M
Q1 25
$41.3M
$214.0M
Q4 24
$45.4M
$372.0M
Q3 24
$36.4M
$241.0M
Q2 24
$46.2M
$1.0B
Total Debt
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
$0
Q3 25
$2.0M
$1.0B
Q2 25
$1.9M
$1.0B
Q1 25
$1.9M
$1.0B
Q4 24
$1.9M
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
CLAR
CLAR
CRC
CRC
Q1 26
$2.9B
Q4 25
$196.4M
$3.7B
Q3 25
$225.8M
$3.4B
Q2 25
$225.1M
$3.4B
Q1 25
$229.3M
$3.5B
Q4 24
$233.1M
$3.5B
Q3 24
$308.5M
$3.5B
Q2 24
$307.3M
$2.1B
Total Assets
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
$249.0M
$7.4B
Q3 25
$283.1M
$6.8B
Q2 25
$286.5M
$6.7B
Q1 25
$292.8M
$6.8B
Q4 24
$294.1M
$7.1B
Q3 24
$375.3M
$7.1B
Q2 24
$369.4M
$4.5B
Debt / Equity
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
0.00×
Q3 25
0.01×
0.29×
Q2 25
0.01×
0.30×
Q1 25
0.01×
0.29×
Q4 24
0.01×
0.32×
Q3 24
0.32×
Q2 24
0.57×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLAR
CLAR
CRC
CRC
Operating Cash FlowLast quarter
$12.5M
$99.0M
Free Cash FlowOCF − Capex
$11.6M
$-32.0M
FCF MarginFCF / Revenue
17.7%
-26.9%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
CRC
CRC
Q1 26
$99.0M
Q4 25
$12.5M
$235.0M
Q3 25
$-5.7M
$279.0M
Q2 25
$-9.4M
$165.0M
Q1 25
$-2.1M
$186.0M
Q4 24
$16.6M
$206.0M
Q3 24
$-8.3M
$220.0M
Q2 24
$834.0K
$97.0M
Free Cash Flow
CLAR
CLAR
CRC
CRC
Q1 26
$-32.0M
Q4 25
$11.6M
$115.0M
Q3 25
$-7.0M
$188.0M
Q2 25
$-11.3M
$109.0M
Q1 25
$-3.3M
$131.0M
Q4 24
$14.4M
$118.0M
Q3 24
$-9.4M
$141.0M
Q2 24
$-744.0K
$63.0M
FCF Margin
CLAR
CLAR
CRC
CRC
Q1 26
-26.9%
Q4 25
17.7%
16.9%
Q3 25
-10.0%
26.3%
Q2 25
-20.4%
15.5%
Q1 25
-5.4%
16.1%
Q4 24
20.1%
14.3%
Q3 24
-14.0%
16.2%
Q2 24
-1.3%
15.3%
Capex Intensity
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
1.4%
17.7%
Q3 25
1.8%
12.7%
Q2 25
3.4%
8.0%
Q1 25
2.0%
6.8%
Q4 24
3.1%
10.7%
Q3 24
1.6%
9.1%
Q2 24
2.8%
8.3%
Cash Conversion
CLAR
CLAR
CRC
CRC
Q1 26
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
Q1 25
1.62×
Q4 24
6.24×
Q3 24
0.64×
Q2 24
12.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLAR
CLAR

Other$37.1M57%
Outdoor Segment$25.3M39%
Adventure Segment$3.0M5%

CRC
CRC

Segment breakdown not available.

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