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Side-by-side financial comparison of Clarus Corp (CLAR) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $47.7M, roughly 1.4× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -47.8%, a 43.0% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $11.6M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

CLAR vs IRWD — Head-to-Head

Bigger by revenue
CLAR
CLAR
1.4× larger
CLAR
$65.4M
$47.7M
IRWD
Growing faster (revenue YoY)
CLAR
CLAR
+38.9% gap
CLAR
-8.4%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
43.0% more per $
IRWD
-4.8%
-47.8%
CLAR
More free cash flow
IRWD
IRWD
$63.0M more FCF
IRWD
$74.6M
$11.6M
CLAR
Faster 2-yr revenue CAGR
CLAR
CLAR
Annualised
CLAR
-2.9%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
IRWD
IRWD
Revenue
$65.4M
$47.7M
Net Profit
$-31.3M
$-2.3M
Gross Margin
27.7%
Operating Margin
-59.6%
14.3%
Net Margin
-47.8%
-4.8%
Revenue YoY
-8.4%
-47.3%
Net Profit YoY
52.3%
-200.9%
EPS (diluted)
$-0.81
$0.01

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
IRWD
IRWD
Q4 25
$65.4M
$47.7M
Q3 25
$69.3M
$122.1M
Q2 25
$55.2M
$85.2M
Q1 25
$60.4M
$41.1M
Q4 24
$71.4M
$90.5M
Q3 24
$67.1M
$91.6M
Q2 24
$56.5M
$94.4M
Q1 24
$69.3M
$74.9M
Net Profit
CLAR
CLAR
IRWD
IRWD
Q4 25
$-31.3M
$-2.3M
Q3 25
$-1.6M
$40.1M
Q2 25
$-8.4M
$23.6M
Q1 25
$-5.2M
$-37.4M
Q4 24
$-65.5M
$2.3M
Q3 24
$-3.2M
$3.6M
Q2 24
$-5.5M
$-860.0K
Q1 24
$21.9M
$-4.2M
Gross Margin
CLAR
CLAR
IRWD
IRWD
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 24
35.9%
Operating Margin
CLAR
CLAR
IRWD
IRWD
Q4 25
-59.6%
14.3%
Q3 25
-4.4%
61.8%
Q2 25
-19.7%
53.2%
Q1 25
-11.2%
-70.7%
Q4 24
-70.2%
34.8%
Q3 24
-8.0%
28.0%
Q2 24
-14.4%
26.5%
Q1 24
-9.8%
14.7%
Net Margin
CLAR
CLAR
IRWD
IRWD
Q4 25
-47.8%
-4.8%
Q3 25
-2.3%
32.8%
Q2 25
-15.3%
27.7%
Q1 25
-8.7%
-90.9%
Q4 24
-91.8%
2.5%
Q3 24
-4.7%
4.0%
Q2 24
-9.7%
-0.9%
Q1 24
31.6%
-5.6%
EPS (diluted)
CLAR
CLAR
IRWD
IRWD
Q4 25
$-0.81
$0.01
Q3 25
$-0.04
$0.23
Q2 25
$-0.22
$0.14
Q1 25
$-0.14
$-0.23
Q4 24
$-1.72
$0.03
Q3 24
$-0.08
$0.02
Q2 24
$-0.14
$-0.01
Q1 24
$0.57
$-0.03

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$36.7M
$215.5M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$196.4M
$-261.8M
Total Assets
$249.0M
$396.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
IRWD
IRWD
Q4 25
$36.7M
$215.5M
Q3 25
$29.5M
$140.4M
Q2 25
$28.5M
$92.9M
Q1 25
$41.3M
$108.5M
Q4 24
$45.4M
$88.6M
Q3 24
$36.4M
$88.2M
Q2 24
$46.2M
$105.5M
Q1 24
$47.5M
$121.5M
Total Debt
CLAR
CLAR
IRWD
IRWD
Q4 25
$0
Q3 25
$2.0M
$199.5M
Q2 25
$1.9M
$199.3M
Q1 25
$1.9M
$199.2M
Q4 24
$1.9M
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$37.0K
$398.3M
Stockholders' Equity
CLAR
CLAR
IRWD
IRWD
Q4 25
$196.4M
$-261.8M
Q3 25
$225.8M
$-264.2M
Q2 25
$225.1M
$-308.2M
Q1 25
$229.3M
$-334.1M
Q4 24
$233.1M
$-301.3M
Q3 24
$308.5M
$-311.3M
Q2 24
$307.3M
$-321.7M
Q1 24
$310.4M
$-330.5M
Total Assets
CLAR
CLAR
IRWD
IRWD
Q4 25
$249.0M
$396.9M
Q3 25
$283.1M
$396.1M
Q2 25
$286.5M
$342.9M
Q1 25
$292.8M
$327.2M
Q4 24
$294.1M
$350.9M
Q3 24
$375.3M
$389.5M
Q2 24
$369.4M
$395.6M
Q1 24
$377.0M
$438.8M
Debt / Equity
CLAR
CLAR
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$12.5M
$74.6M
Free Cash FlowOCF − Capex
$11.6M
$74.6M
FCF MarginFCF / Revenue
17.7%
156.3%
Capex IntensityCapex / Revenue
1.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
IRWD
IRWD
Q4 25
$12.5M
$74.6M
Q3 25
$-5.7M
$47.6M
Q2 25
$-9.4M
$-15.1M
Q1 25
$-2.1M
$20.0M
Q4 24
$16.6M
$15.2M
Q3 24
$-8.3M
$9.9M
Q2 24
$834.0K
$33.5M
Q1 24
$-16.4M
$45.0M
Free Cash Flow
CLAR
CLAR
IRWD
IRWD
Q4 25
$11.6M
$74.6M
Q3 25
$-7.0M
$47.6M
Q2 25
$-11.3M
$-15.1M
Q1 25
$-3.3M
$19.9M
Q4 24
$14.4M
Q3 24
$-9.4M
$9.9M
Q2 24
$-744.0K
$33.4M
Q1 24
$-18.3M
$44.9M
FCF Margin
CLAR
CLAR
IRWD
IRWD
Q4 25
17.7%
156.3%
Q3 25
-10.0%
39.0%
Q2 25
-20.4%
-17.7%
Q1 25
-5.4%
48.4%
Q4 24
20.1%
Q3 24
-14.0%
10.8%
Q2 24
-1.3%
35.4%
Q1 24
-26.3%
60.0%
Capex Intensity
CLAR
CLAR
IRWD
IRWD
Q4 25
1.4%
0.0%
Q3 25
1.8%
0.0%
Q2 25
3.4%
0.0%
Q1 25
2.0%
0.1%
Q4 24
3.1%
0.0%
Q3 24
1.6%
0.0%
Q2 24
2.8%
0.1%
Q1 24
2.7%
0.1%
Cash Conversion
CLAR
CLAR
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
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%

IRWD
IRWD

Segment breakdown not available.

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