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Side-by-side financial comparison of Clarus Corp (CLAR) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $65.4M, roughly 1.3× Clarus Corp). iQSTEL Inc runs the higher net margin — -3.2% vs -47.8%, a 44.6% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -14.9%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
CLAR vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $84.2M |
| Net Profit | $-31.3M | $-2.7M |
| Gross Margin | 27.7% | 3.5% |
| Operating Margin | -59.6% | -2.9% |
| Net Margin | -47.8% | -3.2% |
| Revenue YoY | -8.4% | -14.9% |
| Net Profit YoY | 52.3% | -44.5% |
| EPS (diluted) | $-0.81 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $69.3M | $102.9M | ||
| Q2 25 | $55.2M | $72.2M | ||
| Q1 25 | $60.4M | $57.6M | ||
| Q4 24 | $71.4M | $98.9M | ||
| Q3 24 | $67.1M | $54.2M | ||
| Q2 24 | $56.5M | $78.6M | ||
| Q1 24 | $69.3M | $51.4M |
| Q4 25 | $-31.3M | $-2.7M | ||
| Q3 25 | $-1.6M | $-2.3M | ||
| Q2 25 | $-8.4M | $-2.3M | ||
| Q1 25 | $-5.2M | $-1.1M | ||
| Q4 24 | $-65.5M | $-1.9M | ||
| Q3 24 | $-3.2M | $-773.0K | ||
| Q2 24 | $-5.5M | $-2.0M | ||
| Q1 24 | $21.9M | $-580.2K |
| Q4 25 | 27.7% | 3.5% | ||
| Q3 25 | 35.1% | 2.7% | ||
| Q2 25 | 35.6% | 2.6% | ||
| Q1 25 | 34.4% | 3.4% | ||
| Q4 24 | 33.4% | 2.7% | ||
| Q3 24 | 35.0% | 3.7% | ||
| Q2 24 | 36.1% | 2.8% | ||
| Q1 24 | 35.9% | 2.7% |
| Q4 25 | -59.6% | -2.9% | ||
| Q3 25 | -4.4% | -0.5% | ||
| Q2 25 | -19.7% | -0.9% | ||
| Q1 25 | -11.2% | -1.0% | ||
| Q4 24 | -70.2% | -0.3% | ||
| Q3 24 | -8.0% | -0.1% | ||
| Q2 24 | -14.4% | -0.4% | ||
| Q1 24 | -9.8% | -0.4% |
| Q4 25 | -47.8% | -3.2% | ||
| Q3 25 | -2.3% | -2.3% | ||
| Q2 25 | -15.3% | -3.3% | ||
| Q1 25 | -8.7% | -2.0% | ||
| Q4 24 | -91.8% | -1.9% | ||
| Q3 24 | -4.7% | -1.4% | ||
| Q2 24 | -9.7% | -2.5% | ||
| Q1 24 | 31.6% | -1.1% |
| Q4 25 | $-0.81 | $-0.92 | ||
| Q3 25 | $-0.04 | $-0.68 | ||
| Q2 25 | $-0.22 | $-0.82 | ||
| Q1 25 | $-0.14 | $-0.44 | ||
| Q4 24 | $-1.72 | $-1.19 | ||
| Q3 24 | $-0.08 | $-0.40 | ||
| Q2 24 | $-0.14 | $-0.90 | ||
| Q1 24 | $0.57 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | $0 | $4.1M |
| Stockholders' EquityBook value | $196.4M | $16.3M |
| Total Assets | $249.0M | $51.1M |
| Debt / EquityLower = less leverage | 0.00× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $2.2M | ||
| Q3 25 | $29.5M | $2.3M | ||
| Q2 25 | $28.5M | $2.0M | ||
| Q1 25 | $41.3M | $1.1M | ||
| Q4 24 | $45.4M | $2.5M | ||
| Q3 24 | $36.4M | $2.1M | ||
| Q2 24 | $46.2M | $797.2K | ||
| Q1 24 | $47.5M | $2.7M |
| Q4 25 | $0 | $4.1M | ||
| Q3 25 | $2.0M | $2.7M | ||
| Q2 25 | $1.9M | $4.5M | ||
| Q1 25 | $1.9M | $3.5M | ||
| Q4 24 | $1.9M | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | $37.0K | $194.0K |
| Q4 25 | $196.4M | $16.3M | ||
| Q3 25 | $225.8M | $17.9M | ||
| Q2 25 | $225.1M | $14.3M | ||
| Q1 25 | $229.3M | $11.6M | ||
| Q4 24 | $233.1M | $11.9M | ||
| Q3 24 | $308.5M | $8.1M | ||
| Q2 24 | $307.3M | $7.6M | ||
| Q1 24 | $310.4M | $8.4M |
| Q4 25 | $249.0M | $51.1M | ||
| Q3 25 | $283.1M | $46.9M | ||
| Q2 25 | $286.5M | $51.4M | ||
| Q1 25 | $292.8M | $42.0M | ||
| Q4 24 | $294.1M | $79.0M | ||
| Q3 24 | $375.3M | $32.4M | ||
| Q2 24 | $369.4M | $30.0M | ||
| Q1 24 | $377.0M | $22.1M |
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.01× | 0.15× | ||
| Q2 25 | 0.01× | 0.31× | ||
| Q1 25 | 0.01× | 0.31× | ||
| Q4 24 | 0.01× | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | 0.00× | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $11.6M | $-1.2M |
| FCF MarginFCF / Revenue | 17.7% | -1.5% |
| Capex IntensityCapex / Revenue | 1.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $-1.2M | ||
| Q3 25 | $-5.7M | $-953.0K | ||
| Q2 25 | $-9.4M | $257.7K | ||
| Q1 25 | $-2.1M | $-1.9M | ||
| Q4 24 | $16.6M | $-403.7K | ||
| Q3 24 | $-8.3M | $625.0K | ||
| Q2 24 | $834.0K | $-2.6M | ||
| Q1 24 | $-16.4M | $-536.9K |
| Q4 25 | $11.6M | $-1.2M | ||
| Q3 25 | $-7.0M | $-969.2K | ||
| Q2 25 | $-11.3M | $211.7K | ||
| Q1 25 | $-3.3M | $-2.0M | ||
| Q4 24 | $14.4M | $-421.3K | ||
| Q3 24 | $-9.4M | $594.5K | ||
| Q2 24 | $-744.0K | $-2.6M | ||
| Q1 24 | $-18.3M | $-608.5K |
| Q4 25 | 17.7% | -1.5% | ||
| Q3 25 | -10.0% | -0.9% | ||
| Q2 25 | -20.4% | 0.3% | ||
| Q1 25 | -5.4% | -3.4% | ||
| Q4 24 | 20.1% | -0.4% | ||
| Q3 24 | -14.0% | 1.1% | ||
| Q2 24 | -1.3% | -3.4% | ||
| Q1 24 | -26.3% | -1.2% |
| Q4 25 | 1.4% | 0.0% | ||
| Q3 25 | 1.8% | 0.0% | ||
| Q2 25 | 3.4% | 0.1% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 3.1% | 0.0% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.8% | 0.0% | ||
| Q1 24 | 2.7% | 0.1% |
| 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% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
