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

Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $65.4M, roughly 1.0× Clarus Corp). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% 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.

Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.

CLAR vs INGN — Head-to-Head

Bigger by revenue
INGN
INGN
1.0× larger
INGN
$68.6M
$65.4M
CLAR
Growing faster (revenue YoY)
INGN
INGN
+11.8% gap
INGN
3.4%
-8.4%
CLAR
More free cash flow
CLAR
CLAR
$13.5M more FCF
CLAR
$11.6M
$-1.9M
INGN
Faster 2-yr revenue CAGR
INGN
INGN
Annualised
INGN
4.2%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
INGN
INGN
Revenue
$65.4M
$68.6M
Net Profit
$-31.3M
Gross Margin
27.7%
51.4%
Operating Margin
-59.6%
-13.6%
Net Margin
-47.8%
Revenue YoY
-8.4%
3.4%
Net Profit YoY
52.3%
EPS (diluted)
$-0.81
$-0.26

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
INGN
INGN
Q4 25
$65.4M
$68.6M
Q3 25
$69.3M
$79.1M
Q2 25
$55.2M
$79.2M
Q1 25
$60.4M
$68.5M
Q4 24
$71.4M
$66.3M
Q3 24
$67.1M
$74.9M
Q2 24
$56.5M
$74.4M
Q1 24
$69.3M
$63.1M
Net Profit
CLAR
CLAR
INGN
INGN
Q4 25
$-31.3M
Q3 25
$-1.6M
$-5.3M
Q2 25
$-8.4M
$-4.2M
Q1 25
$-5.2M
$-6.2M
Q4 24
$-65.5M
Q3 24
$-3.2M
$-6.0M
Q2 24
$-5.5M
$-5.6M
Q1 24
$21.9M
$-14.6M
Gross Margin
CLAR
CLAR
INGN
INGN
Q4 25
27.7%
51.4%
Q3 25
35.1%
52.2%
Q2 25
35.6%
52.2%
Q1 25
34.4%
53.1%
Q4 24
33.4%
54.7%
Q3 24
35.0%
55.2%
Q2 24
36.1%
57.4%
Q1 24
35.9%
54.5%
Operating Margin
CLAR
CLAR
INGN
INGN
Q4 25
-59.6%
-13.6%
Q3 25
-4.4%
-9.0%
Q2 25
-19.7%
-7.7%
Q1 25
-11.2%
-11.2%
Q4 24
-70.2%
-17.2%
Q3 24
-8.0%
-10.4%
Q2 24
-14.4%
-9.5%
Q1 24
-9.8%
-25.8%
Net Margin
CLAR
CLAR
INGN
INGN
Q4 25
-47.8%
Q3 25
-2.3%
-6.7%
Q2 25
-15.3%
-5.2%
Q1 25
-8.7%
-9.0%
Q4 24
-91.8%
Q3 24
-4.7%
-8.0%
Q2 24
-9.7%
-7.5%
Q1 24
31.6%
-23.1%
EPS (diluted)
CLAR
CLAR
INGN
INGN
Q4 25
$-0.81
$-0.26
Q3 25
$-0.04
$-0.20
Q2 25
$-0.22
$-0.15
Q1 25
$-0.14
$-0.25
Q4 24
$-1.72
$-0.41
Q3 24
$-0.08
$-0.25
Q2 24
$-0.14
$-0.24
Q1 24
$0.57
$-0.62

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$36.7M
$103.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$196.4M
$192.2M
Total Assets
$249.0M
$298.6M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
INGN
INGN
Q4 25
$36.7M
$103.7M
Q3 25
$29.5M
$106.5M
Q2 25
$28.5M
$103.7M
Q1 25
$41.3M
$118.9M
Q4 24
$45.4M
$113.8M
Q3 24
$36.4M
$105.7M
Q2 24
$46.2M
$97.9M
Q1 24
$47.5M
$107.4M
Total Debt
CLAR
CLAR
INGN
INGN
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
Stockholders' Equity
CLAR
CLAR
INGN
INGN
Q4 25
$196.4M
$192.2M
Q3 25
$225.8M
$197.2M
Q2 25
$225.1M
$199.5M
Q1 25
$229.3M
$198.0M
Q4 24
$233.1M
$173.9M
Q3 24
$308.5M
$185.4M
Q2 24
$307.3M
$187.6M
Q1 24
$310.4M
$191.9M
Total Assets
CLAR
CLAR
INGN
INGN
Q4 25
$249.0M
$298.6M
Q3 25
$283.1M
$307.0M
Q2 25
$286.5M
$312.0M
Q1 25
$292.8M
$308.4M
Q4 24
$294.1M
$296.2M
Q3 24
$375.3M
$306.2M
Q2 24
$369.4M
$308.9M
Q1 24
$377.0M
$315.6M
Debt / Equity
CLAR
CLAR
INGN
INGN
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
CLAR
CLAR
INGN
INGN
Operating Cash FlowLast quarter
$12.5M
$-943.0K
Free Cash FlowOCF − Capex
$11.6M
$-1.9M
FCF MarginFCF / Revenue
17.7%
-2.8%
Capex IntensityCapex / Revenue
1.4%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$-13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
INGN
INGN
Q4 25
$12.5M
$-943.0K
Q3 25
$-5.7M
$2.2M
Q2 25
$-9.4M
$4.3M
Q1 25
$-2.1M
$-16.8M
Q4 24
$16.6M
$-3.0M
Q3 24
$-8.3M
$7.0M
Q2 24
$834.0K
$6.7M
Q1 24
$-16.4M
$-4.7M
Free Cash Flow
CLAR
CLAR
INGN
INGN
Q4 25
$11.6M
$-1.9M
Q3 25
$-7.0M
$1.6M
Q2 25
$-11.3M
$3.7M
Q1 25
$-3.3M
$-17.1M
Q4 24
$14.4M
$-3.3M
Q3 24
$-9.4M
$5.3M
Q2 24
$-744.0K
$6.6M
Q1 24
$-18.3M
$-6.1M
FCF Margin
CLAR
CLAR
INGN
INGN
Q4 25
17.7%
-2.8%
Q3 25
-10.0%
2.0%
Q2 25
-20.4%
4.6%
Q1 25
-5.4%
-24.9%
Q4 24
20.1%
-5.0%
Q3 24
-14.0%
7.1%
Q2 24
-1.3%
8.9%
Q1 24
-26.3%
-9.6%
Capex Intensity
CLAR
CLAR
INGN
INGN
Q4 25
1.4%
1.4%
Q3 25
1.8%
0.7%
Q2 25
3.4%
0.9%
Q1 25
2.0%
0.4%
Q4 24
3.1%
0.5%
Q3 24
1.6%
2.2%
Q2 24
2.8%
0.1%
Q1 24
2.7%
2.1%
Cash Conversion
CLAR
CLAR
INGN
INGN
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
CLAR

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

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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