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Side-by-side financial comparison of Clarus Corp (CLAR) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $65.4M, roughly 1.5× Clarus Corp). FORRESTER RESEARCH, INC. runs the higher net margin — -33.5% vs -47.8%, a 14.3% gap on every dollar of revenue. On growth, FORRESTER RESEARCH, INC. posted the faster year-over-year revenue change (-6.5% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-4.3M). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -2.9%).
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.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
CLAR vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $101.1M |
| Net Profit | $-31.3M | $-33.9M |
| Gross Margin | 27.7% | 56.7% |
| Operating Margin | -59.6% | -36.6% |
| Net Margin | -47.8% | -33.5% |
| Revenue YoY | -8.4% | -6.5% |
| Net Profit YoY | 52.3% | -7941.4% |
| EPS (diluted) | $-0.81 | $-1.75 |
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 | $101.1M | ||
| Q3 25 | $69.3M | $94.3M | ||
| Q2 25 | $55.2M | $111.7M | ||
| Q1 25 | $60.4M | $89.9M | ||
| Q4 24 | $71.4M | $108.0M | ||
| Q3 24 | $67.1M | $102.5M | ||
| Q2 24 | $56.5M | $121.8M | ||
| Q1 24 | $69.3M | $100.1M |
| Q4 25 | $-31.3M | $-33.9M | ||
| Q3 25 | $-1.6M | $-2.1M | ||
| Q2 25 | $-8.4M | $3.9M | ||
| Q1 25 | $-5.2M | $-87.3M | ||
| Q4 24 | $-65.5M | $432.0K | ||
| Q3 24 | $-3.2M | $-5.8M | ||
| Q2 24 | $-5.5M | $6.3M | ||
| Q1 24 | $21.9M | $-6.7M |
| Q4 25 | 27.7% | 56.7% | ||
| Q3 25 | 35.1% | 60.0% | ||
| Q2 25 | 35.6% | 55.5% | ||
| Q1 25 | 34.4% | 55.9% | ||
| Q4 24 | 33.4% | 58.8% | ||
| Q3 24 | 35.0% | 60.5% | ||
| Q2 24 | 36.1% | 57.3% | ||
| Q1 24 | 35.9% | 54.9% |
| Q4 25 | -59.6% | -36.6% | ||
| Q3 25 | -4.4% | 4.7% | ||
| Q2 25 | -19.7% | 6.2% | ||
| Q1 25 | -11.2% | -97.5% | ||
| Q4 24 | -70.2% | -0.5% | ||
| Q3 24 | -8.0% | -0.7% | ||
| Q2 24 | -14.4% | 9.3% | ||
| Q1 24 | -9.8% | -9.3% |
| Q4 25 | -47.8% | -33.5% | ||
| Q3 25 | -2.3% | -2.3% | ||
| Q2 25 | -15.3% | 3.5% | ||
| Q1 25 | -8.7% | -97.1% | ||
| Q4 24 | -91.8% | 0.4% | ||
| Q3 24 | -4.7% | -5.7% | ||
| Q2 24 | -9.7% | 5.2% | ||
| Q1 24 | 31.6% | -6.7% |
| Q4 25 | $-0.81 | $-1.75 | ||
| Q3 25 | $-0.04 | $-0.11 | ||
| Q2 25 | $-0.22 | $0.20 | ||
| Q1 25 | $-0.14 | $-4.62 | ||
| Q4 24 | $-1.72 | $0.02 | ||
| Q3 24 | $-0.08 | $-0.30 | ||
| Q2 24 | $-0.14 | $0.33 | ||
| Q1 24 | $0.57 | $-0.35 |
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 | $63.3M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $126.5M |
| Total Assets | $249.0M | $404.0M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $63.3M | ||
| Q3 25 | $29.5M | $65.1M | ||
| Q2 25 | $28.5M | $67.8M | ||
| Q1 25 | $41.3M | $75.6M | ||
| Q4 24 | $45.4M | $56.1M | ||
| Q3 24 | $36.4M | $62.8M | ||
| Q2 24 | $46.2M | $58.9M | ||
| Q1 24 | $47.5M | $61.4M |
| 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 | $126.5M | ||
| Q3 25 | $225.8M | $157.7M | ||
| Q2 25 | $225.1M | $159.5M | ||
| Q1 25 | $229.3M | $147.4M | ||
| Q4 24 | $233.1M | $229.5M | ||
| Q3 24 | $308.5M | $234.3M | ||
| Q2 24 | $307.3M | $237.1M | ||
| Q1 24 | $310.4M | $230.9M |
| Q4 25 | $249.0M | $404.0M | ||
| Q3 25 | $283.1M | $414.2M | ||
| Q2 25 | $286.5M | $436.0M | ||
| Q1 25 | $292.8M | $439.8M | ||
| Q4 24 | $294.1M | $503.9M | ||
| Q3 24 | $375.3M | $505.3M | ||
| Q2 24 | $369.4M | $524.2M | ||
| Q1 24 | $377.0M | $555.7M |
| 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 | $-3.2M |
| Free Cash FlowOCF − Capex | $11.6M | $-4.3M |
| FCF MarginFCF / Revenue | 17.7% | -4.2% |
| Capex IntensityCapex / Revenue | 1.4% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $-3.2M | ||
| Q3 25 | $-5.7M | $1.2M | ||
| Q2 25 | $-9.4M | $-3.6M | ||
| Q1 25 | $-2.1M | $26.7M | ||
| Q4 24 | $16.6M | $-1.8M | ||
| Q3 24 | $-8.3M | $264.0K | ||
| Q2 24 | $834.0K | $-2.9M | ||
| Q1 24 | $-16.4M | $611.0K |
| Q4 25 | $11.6M | $-4.3M | ||
| Q3 25 | $-7.0M | $524.0K | ||
| Q2 25 | $-11.3M | $-4.2M | ||
| Q1 25 | $-3.3M | $26.1M | ||
| Q4 24 | $14.4M | $-2.5M | ||
| Q3 24 | $-9.4M | $-223.0K | ||
| Q2 24 | $-744.0K | $-3.7M | ||
| Q1 24 | $-18.3M | $-815.0K |
| Q4 25 | 17.7% | -4.2% | ||
| Q3 25 | -10.0% | 0.6% | ||
| Q2 25 | -20.4% | -3.8% | ||
| Q1 25 | -5.4% | 29.0% | ||
| Q4 24 | 20.1% | -2.3% | ||
| Q3 24 | -14.0% | -0.2% | ||
| Q2 24 | -1.3% | -3.1% | ||
| Q1 24 | -26.3% | -0.8% |
| Q4 25 | 1.4% | 1.1% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 3.4% | 0.5% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 3.1% | 0.6% | ||
| Q3 24 | 1.6% | 0.5% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 2.7% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| Q1 24 | -0.75× | — |
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% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
