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Side-by-side financial comparison of Clarus Corp (CLAR) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $45.6M, roughly 1.4× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs -47.8%, a 63.8% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% 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.
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
CLAR vs FRST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $45.6M |
| Net Profit | $-31.3M | $7.3M |
| Gross Margin | 27.7% | — |
| Operating Margin | -59.6% | — |
| Net Margin | -47.8% | 16.0% |
| Revenue YoY | -8.4% | — |
| Net Profit YoY | 52.3% | 200.0% |
| EPS (diluted) | $-0.81 | $0.30 |
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 | — | $45.6M | ||
| Q4 25 | $65.4M | $80.9M | ||
| Q3 25 | $69.3M | $41.0M | ||
| Q2 25 | $55.2M | $43.2M | ||
| Q1 25 | $60.4M | $58.7M | ||
| Q4 24 | $71.4M | $38.8M | ||
| Q3 24 | $67.1M | $37.3M | ||
| Q2 24 | $56.5M | $35.7M |
| Q1 26 | — | $7.3M | ||
| Q4 25 | $-31.3M | $29.5M | ||
| Q3 25 | $-1.6M | $6.8M | ||
| Q2 25 | $-8.4M | $2.4M | ||
| Q1 25 | $-5.2M | $22.6M | ||
| Q4 24 | $-65.5M | $-26.2M | ||
| Q3 24 | $-3.2M | $1.2M | ||
| Q2 24 | $-5.5M | $3.4M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | -59.6% | 44.8% | ||
| Q3 25 | -4.4% | 21.3% | ||
| Q2 25 | -19.7% | 6.9% | ||
| Q1 25 | -11.2% | 41.9% | ||
| Q4 24 | -70.2% | -123.0% | ||
| Q3 24 | -8.0% | -3.1% | ||
| Q2 24 | -14.4% | 7.8% |
| Q1 26 | — | 16.0% | ||
| Q4 25 | -47.8% | 36.5% | ||
| Q3 25 | -2.3% | 16.7% | ||
| Q2 25 | -15.3% | 5.6% | ||
| Q1 25 | -8.7% | 38.6% | ||
| Q4 24 | -91.8% | -100.3% | ||
| Q3 24 | -4.7% | 3.3% | ||
| Q2 24 | -9.7% | 9.6% |
| Q1 26 | — | $0.30 | ||
| Q4 25 | $-0.81 | $1.19 | ||
| Q3 25 | $-0.04 | $0.28 | ||
| Q2 25 | $-0.22 | $0.10 | ||
| Q1 25 | $-0.14 | $0.92 | ||
| Q4 24 | $-1.72 | $-0.95 | ||
| Q3 24 | $-0.08 | $0.05 | ||
| Q2 24 | $-0.14 | $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 | $36.7M | $159.9M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $427.2M |
| Total Assets | $249.0M | $4.3B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.9M | ||
| Q4 25 | $36.7M | $143.6M | ||
| Q3 25 | $29.5M | $63.9M | ||
| Q2 25 | $28.5M | $94.1M | ||
| Q1 25 | $41.3M | $57.0M | ||
| Q4 24 | $45.4M | $64.5M | ||
| Q3 24 | $36.4M | $77.3M | ||
| Q2 24 | $46.2M | $66.6M |
| Q1 26 | — | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $427.2M | ||
| Q4 25 | $196.4M | $422.9M | ||
| Q3 25 | $225.8M | $382.2M | ||
| Q2 25 | $225.1M | $376.4M | ||
| Q1 25 | $229.3M | $375.6M | ||
| Q4 24 | $233.1M | $351.8M | ||
| Q3 24 | $308.5M | $381.0M | ||
| Q2 24 | $307.3M | $376.0M |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $249.0M | $4.0B | ||
| Q3 25 | $283.1M | $4.0B | ||
| Q2 25 | $286.5M | $3.9B | ||
| Q1 25 | $292.8M | $3.7B | ||
| Q4 24 | $294.1M | $3.7B | ||
| Q3 24 | $375.3M | $4.0B | ||
| Q2 24 | $369.4M | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| 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 | $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 | $12.5M | $10.8M | ||
| Q3 25 | $-5.7M | $-11.4M | ||
| Q2 25 | $-9.4M | $-41.0M | ||
| Q1 25 | $-2.1M | $34.4M | ||
| Q4 24 | $16.6M | $19.5M | ||
| Q3 24 | $-8.3M | $6.1M | ||
| Q2 24 | $834.0K | $52.3M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $9.0M | ||
| Q3 25 | $-7.0M | — | ||
| Q2 25 | $-11.3M | — | ||
| Q1 25 | $-3.3M | — | ||
| Q4 24 | $14.4M | $18.3M | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-744.0K | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.7% | 11.2% | ||
| Q3 25 | -10.0% | — | ||
| Q2 25 | -20.4% | — | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 20.1% | 47.3% | ||
| Q3 24 | -14.0% | — | ||
| Q2 24 | -1.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 2.1% | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.1% | 3.1% | ||
| Q3 24 | 1.6% | 0.0% | ||
| Q2 24 | 2.8% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | -1.67× | ||
| Q2 25 | — | -16.82× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.93× | ||
| Q2 24 | — | 15.21× |
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% |
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
