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Side-by-side financial comparison of Clarus Corp (CLAR) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $56.8M, roughly 1.2× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -47.8%, a 62.0% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -8.4%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $11.6M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
CLAR vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $56.8M |
| Net Profit | $-31.3M | $8.1M |
| Gross Margin | 27.7% | — |
| Operating Margin | -59.6% | 60.0% |
| Net Margin | -47.8% | 14.2% |
| Revenue YoY | -8.4% | 55.6% |
| Net Profit YoY | 52.3% | -83.7% |
| EPS (diluted) | $-0.81 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $69.3M | $50.8M | ||
| Q2 25 | $55.2M | $47.5M | ||
| Q1 25 | $60.4M | $44.0M | ||
| Q4 24 | $71.4M | $36.5M | ||
| Q3 24 | $67.1M | $28.5M | ||
| Q2 24 | $56.5M | $26.0M | ||
| Q1 24 | $69.3M | $19.0M |
| Q4 25 | $-31.3M | $8.1M | ||
| Q3 25 | $-1.6M | $8.1M | ||
| Q2 25 | $-8.4M | $7.5M | ||
| Q1 25 | $-5.2M | $6.5M | ||
| Q4 24 | $-65.5M | $49.3M | ||
| Q3 24 | $-3.2M | $2.7M | ||
| Q2 24 | $-5.5M | $-57.7M | ||
| Q1 24 | $21.9M | $10.8M |
| 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% | — |
| Q4 25 | -59.6% | 60.0% | ||
| Q3 25 | -4.4% | 60.8% | ||
| Q2 25 | -19.7% | 60.0% | ||
| Q1 25 | -11.2% | 57.0% | ||
| Q4 24 | -70.2% | 49.4% | ||
| Q3 24 | -8.0% | 11.2% | ||
| Q2 24 | -14.4% | -197.4% | ||
| Q1 24 | -9.8% | 71.1% |
| Q4 25 | -47.8% | 14.2% | ||
| Q3 25 | -2.3% | 15.9% | ||
| Q2 25 | -15.3% | 15.8% | ||
| Q1 25 | -8.7% | 14.7% | ||
| Q4 24 | -91.8% | 135.2% | ||
| Q3 24 | -4.7% | 9.3% | ||
| Q2 24 | -9.7% | -222.1% | ||
| Q1 24 | 31.6% | 56.7% |
| Q4 25 | $-0.81 | $0.24 | ||
| Q3 25 | $-0.04 | $0.26 | ||
| Q2 25 | $-0.22 | $0.24 | ||
| Q1 25 | $-0.14 | $0.20 | ||
| Q4 24 | $-1.72 | — | ||
| Q3 24 | $-0.08 | $-0.04 | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $0.57 | — |
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 | $30.7M |
| Total DebtLower is stronger | $0 | $570.7M |
| Stockholders' EquityBook value | $196.4M | $340.3M |
| Total Assets | $249.0M | $1.4B |
| Debt / EquityLower = less leverage | 0.00× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $30.7M | ||
| Q3 25 | $29.5M | $28.3M | ||
| Q2 25 | $28.5M | $20.3M | ||
| Q1 25 | $41.3M | $14.9M | ||
| Q4 24 | $45.4M | $37.0M | ||
| Q3 24 | $36.4M | $14.4M | ||
| Q2 24 | $46.2M | $24.6M | ||
| Q1 24 | $47.5M | — |
| Q4 25 | $0 | $570.7M | ||
| Q3 25 | $2.0M | $366.1M | ||
| Q2 25 | $1.9M | $370.9M | ||
| Q1 25 | $1.9M | $375.5M | ||
| Q4 24 | $1.9M | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | $37.0K | — |
| Q4 25 | $196.4M | $340.3M | ||
| Q3 25 | $225.8M | $272.0M | ||
| Q2 25 | $225.1M | $266.4M | ||
| Q1 25 | $229.3M | $217.0M | ||
| Q4 24 | $233.1M | $211.8M | ||
| Q3 24 | $308.5M | $97.2M | ||
| Q2 24 | $307.3M | $296.4M | ||
| Q1 24 | $310.4M | $162.3M |
| Q4 25 | $249.0M | $1.4B | ||
| Q3 25 | $283.1M | $1.1B | ||
| Q2 25 | $286.5M | $1.1B | ||
| Q1 25 | $292.8M | $1.0B | ||
| Q4 24 | $294.1M | $1.0B | ||
| Q3 24 | $375.3M | $689.9M | ||
| Q2 24 | $369.4M | $710.5M | ||
| Q1 24 | $377.0M | — |
| Q4 25 | 0.00× | 1.68× | ||
| Q3 25 | 0.01× | 1.35× | ||
| Q2 25 | 0.01× | 1.39× | ||
| Q1 25 | 0.01× | 1.73× | ||
| Q4 24 | 0.01× | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | $11.6M | $122.0M |
| FCF MarginFCF / Revenue | 17.7% | 214.9% |
| Capex IntensityCapex / Revenue | 1.4% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $126.3M | ||
| Q3 25 | $-5.7M | $34.9M | ||
| Q2 25 | $-9.4M | $37.3M | ||
| Q1 25 | $-2.1M | $15.9M | ||
| Q4 24 | $16.6M | $67.6M | ||
| Q3 24 | $-8.3M | $7.5M | ||
| Q2 24 | $834.0K | $16.0M | ||
| Q1 24 | $-16.4M | $17.2M |
| Q4 25 | $11.6M | $122.0M | ||
| Q3 25 | $-7.0M | $33.7M | ||
| Q2 25 | $-11.3M | $36.1M | ||
| Q1 25 | $-3.3M | $15.8M | ||
| Q4 24 | $14.4M | $66.7M | ||
| Q3 24 | $-9.4M | $7.1M | ||
| Q2 24 | $-744.0K | $15.7M | ||
| Q1 24 | $-18.3M | $17.1M |
| Q4 25 | 17.7% | 214.9% | ||
| Q3 25 | -10.0% | 66.3% | ||
| Q2 25 | -20.4% | 75.9% | ||
| Q1 25 | -5.4% | 36.0% | ||
| Q4 24 | 20.1% | 182.6% | ||
| Q3 24 | -14.0% | 25.1% | ||
| Q2 24 | -1.3% | 60.4% | ||
| Q1 24 | -26.3% | 90.1% |
| Q4 25 | 1.4% | 7.5% | ||
| Q3 25 | 1.8% | 2.3% | ||
| Q2 25 | 3.4% | 2.6% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 3.1% | 2.7% | ||
| Q3 24 | 1.6% | 1.1% | ||
| Q2 24 | 2.8% | 1.4% | ||
| Q1 24 | 2.7% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | 1.60× |
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% |
LB
Segment breakdown not available.
