vs
Side-by-side financial comparison of Clarus Corp (CLAR) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $32.9M, roughly 2.0× FTC Solar, Inc.). Clarus Corp runs the higher net margin — -47.8% vs -110.7%, a 62.9% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% 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.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
CLAR vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $32.9M |
| Net Profit | $-31.3M | $-36.4M |
| Gross Margin | 27.7% | 14.9% |
| Operating Margin | -59.6% | -17.2% |
| Net Margin | -47.8% | -110.7% |
| Revenue YoY | -8.4% | 148.9% |
| Net Profit YoY | 52.3% | -197.4% |
| EPS (diluted) | $-0.81 | $-2.31 |
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 | $32.9M | ||
| Q3 25 | $69.3M | $26.0M | ||
| Q2 25 | $55.2M | $20.0M | ||
| Q1 25 | $60.4M | $20.8M | ||
| Q4 24 | $71.4M | $13.2M | ||
| Q3 24 | $67.1M | $10.1M | ||
| Q2 24 | $56.5M | $11.4M | ||
| Q1 24 | $69.3M | $12.6M |
| Q4 25 | $-31.3M | $-36.4M | ||
| Q3 25 | $-1.6M | $-23.9M | ||
| Q2 25 | $-8.4M | $-15.4M | ||
| Q1 25 | $-5.2M | $-3.8M | ||
| Q4 24 | $-65.5M | $-12.2M | ||
| Q3 24 | $-3.2M | $-15.4M | ||
| Q2 24 | $-5.5M | $-12.2M | ||
| Q1 24 | $21.9M | $-8.8M |
| Q4 25 | 27.7% | 14.9% | ||
| Q3 25 | 35.1% | 6.1% | ||
| Q2 25 | 35.6% | -19.6% | ||
| Q1 25 | 34.4% | -16.6% | ||
| Q4 24 | 33.4% | -29.1% | ||
| Q3 24 | 35.0% | -42.5% | ||
| Q2 24 | 36.1% | -20.5% | ||
| Q1 24 | 35.9% | -16.7% |
| Q4 25 | -59.6% | -17.2% | ||
| Q3 25 | -4.4% | -29.6% | ||
| Q2 25 | -19.7% | -57.5% | ||
| Q1 25 | -11.2% | -50.8% | ||
| Q4 24 | -70.2% | -101.7% | ||
| Q3 24 | -8.0% | -147.8% | ||
| Q2 24 | -14.4% | -104.3% | ||
| Q1 24 | -9.8% | -99.3% |
| Q4 25 | -47.8% | -110.7% | ||
| Q3 25 | -2.3% | -92.0% | ||
| Q2 25 | -15.3% | -77.2% | ||
| Q1 25 | -8.7% | -18.4% | ||
| Q4 24 | -91.8% | -92.7% | ||
| Q3 24 | -4.7% | -151.5% | ||
| Q2 24 | -9.7% | -107.1% | ||
| Q1 24 | 31.6% | -69.7% |
| Q4 25 | $-0.81 | $-2.31 | ||
| Q3 25 | $-0.04 | $-1.61 | ||
| Q2 25 | $-0.22 | $-1.18 | ||
| Q1 25 | $-0.14 | $-0.58 | ||
| Q4 24 | $-1.72 | $-0.95 | ||
| Q3 24 | $-0.08 | $-1.21 | ||
| Q2 24 | $-0.14 | $-0.97 | ||
| Q1 24 | $0.57 | $-0.70 |
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 | $21.1M |
| Total DebtLower is stronger | $0 | $9.9M |
| Stockholders' EquityBook value | $196.4M | $-43.0M |
| Total Assets | $249.0M | $111.8M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $21.1M | ||
| Q3 25 | $29.5M | $24.4M | ||
| Q2 25 | $28.5M | $3.5M | ||
| Q1 25 | $41.3M | $5.9M | ||
| Q4 24 | $45.4M | $11.2M | ||
| Q3 24 | $36.4M | $8.3M | ||
| Q2 24 | $46.2M | $10.8M | ||
| Q1 24 | $47.5M | $14.0M |
| Q4 25 | $0 | $9.9M | ||
| Q3 25 | $2.0M | $16.6M | ||
| Q2 25 | $1.9M | $10.9M | ||
| Q1 25 | $1.9M | $10.2M | ||
| Q4 24 | $1.9M | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
| Q4 25 | $196.4M | $-43.0M | ||
| Q3 25 | $225.8M | $-13.7M | ||
| Q2 25 | $225.1M | $9.0M | ||
| Q1 25 | $229.3M | $15.5M | ||
| Q4 24 | $233.1M | $19.0M | ||
| Q3 24 | $308.5M | $30.4M | ||
| Q2 24 | $307.3M | $44.2M | ||
| Q1 24 | $310.4M | $55.2M |
| Q4 25 | $249.0M | $111.8M | ||
| Q3 25 | $283.1M | $111.5M | ||
| Q2 25 | $286.5M | $83.0M | ||
| Q1 25 | $292.8M | $84.1M | ||
| Q4 24 | $294.1M | $89.9M | ||
| Q3 24 | $375.3M | $91.7M | ||
| Q2 24 | $369.4M | $100.3M | ||
| Q1 24 | $377.0M | $115.0M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | 1.20× | ||
| Q1 25 | 0.01× | 0.65× | ||
| Q4 24 | 0.01× | 0.50× | ||
| 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 | $-8.0M |
| Free Cash FlowOCF − Capex | $11.6M | $-8.4M |
| FCF MarginFCF / Revenue | 17.7% | -25.7% |
| Capex IntensityCapex / Revenue | 1.4% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $-8.0M | ||
| Q3 25 | $-5.7M | $-14.6M | ||
| Q2 25 | $-9.4M | $-2.3M | ||
| Q1 25 | $-2.1M | $-8.5M | ||
| Q4 24 | $16.6M | $-16.7M | ||
| Q3 24 | $-8.3M | $-2.4M | ||
| Q2 24 | $834.0K | $-3.8M | ||
| Q1 24 | $-16.4M | $-11.9M |
| Q4 25 | $11.6M | $-8.4M | ||
| Q3 25 | $-7.0M | $-15.1M | ||
| Q2 25 | $-11.3M | $-2.5M | ||
| Q1 25 | $-3.3M | $-8.6M | ||
| Q4 24 | $14.4M | $-17.0M | ||
| Q3 24 | $-9.4M | $-2.6M | ||
| Q2 24 | $-744.0K | $-4.5M | ||
| Q1 24 | $-18.3M | $-12.3M |
| Q4 25 | 17.7% | -25.7% | ||
| Q3 25 | -10.0% | -57.9% | ||
| Q2 25 | -20.4% | -12.4% | ||
| Q1 25 | -5.4% | -41.2% | ||
| Q4 24 | 20.1% | -128.6% | ||
| Q3 24 | -14.0% | -25.6% | ||
| Q2 24 | -1.3% | -39.2% | ||
| Q1 24 | -26.3% | -97.6% |
| Q4 25 | 1.4% | 1.3% | ||
| Q3 25 | 1.8% | 1.7% | ||
| Q2 25 | 3.4% | 0.9% | ||
| Q1 25 | 2.0% | 0.4% | ||
| Q4 24 | 3.1% | 2.2% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 2.8% | 6.1% | ||
| Q1 24 | 2.7% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
