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Side-by-side financial comparison of Clarus Corp (CLAR) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $55.4M, roughly 1.2× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -47.8%, a 52.4% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% 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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
CLAR vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $55.4M |
| Net Profit | $-31.3M | $2.5M |
| Gross Margin | 27.7% | 27.8% |
| Operating Margin | -59.6% | 6.8% |
| Net Margin | -47.8% | 4.6% |
| Revenue YoY | -8.4% | 18.0% |
| Net Profit YoY | 52.3% | 1688.1% |
| EPS (diluted) | $-0.81 | $0.15 |
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 | $55.4M | ||
| Q3 25 | $69.3M | $57.1M | ||
| Q2 25 | $55.2M | $53.9M | ||
| Q1 25 | $60.4M | $46.1M | ||
| Q4 24 | $71.4M | $46.9M | ||
| Q3 24 | $67.1M | $46.1M | ||
| Q2 24 | $56.5M | $49.2M | ||
| Q1 24 | $69.3M | $44.6M |
| Q4 25 | $-31.3M | $2.5M | ||
| Q3 25 | $-1.6M | $3.5M | ||
| Q2 25 | $-8.4M | $4.2M | ||
| Q1 25 | $-5.2M | $3.5M | ||
| Q4 24 | $-65.5M | $-160.0K | ||
| Q3 24 | $-3.2M | $3.0M | ||
| Q2 24 | $-5.5M | $3.8M | ||
| Q1 24 | $21.9M | $2.4M |
| Q4 25 | 27.7% | 27.8% | ||
| Q3 25 | 35.1% | 28.7% | ||
| Q2 25 | 35.6% | 28.6% | ||
| Q1 25 | 34.4% | 23.9% | ||
| Q4 24 | 33.4% | 25.3% | ||
| Q3 24 | 35.0% | 25.7% | ||
| Q2 24 | 36.1% | 27.0% | ||
| Q1 24 | 35.9% | 25.8% |
| Q4 25 | -59.6% | 6.8% | ||
| Q3 25 | -4.4% | 8.8% | ||
| Q2 25 | -19.7% | 10.8% | ||
| Q1 25 | -11.2% | 3.4% | ||
| Q4 24 | -70.2% | 1.5% | ||
| Q3 24 | -8.0% | 9.1% | ||
| Q2 24 | -14.4% | 11.0% | ||
| Q1 24 | -9.8% | 8.0% |
| Q4 25 | -47.8% | 4.6% | ||
| Q3 25 | -2.3% | 6.2% | ||
| Q2 25 | -15.3% | 7.9% | ||
| Q1 25 | -8.7% | 7.7% | ||
| Q4 24 | -91.8% | -0.3% | ||
| Q3 24 | -4.7% | 6.5% | ||
| Q2 24 | -9.7% | 7.7% | ||
| Q1 24 | 31.6% | 5.4% |
| Q4 25 | $-0.81 | $0.15 | ||
| Q3 25 | $-0.04 | $0.23 | ||
| Q2 25 | $-0.22 | $0.28 | ||
| Q1 25 | $-0.14 | $0.23 | ||
| Q4 24 | $-1.72 | $0.00 | ||
| Q3 24 | $-0.08 | $0.19 | ||
| Q2 24 | $-0.14 | $0.25 | ||
| Q1 24 | $0.57 | $0.16 |
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 | $5.6M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $85.8M |
| Total Assets | $249.0M | $105.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $5.6M | ||
| Q3 25 | $29.5M | $23.0M | ||
| Q2 25 | $28.5M | $21.2M | ||
| Q1 25 | $41.3M | $19.4M | ||
| Q4 24 | $45.4M | $16.7M | ||
| Q3 24 | $36.4M | $20.6M | ||
| Q2 24 | $46.2M | $14.6M | ||
| Q1 24 | $47.5M | $12.0M |
| 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 | $2.5M |
| Q4 25 | $196.4M | $85.8M | ||
| Q3 25 | $225.8M | $82.8M | ||
| Q2 25 | $225.1M | $78.7M | ||
| Q1 25 | $229.3M | $74.2M | ||
| Q4 24 | $233.1M | $71.9M | ||
| Q3 24 | $308.5M | $71.5M | ||
| Q2 24 | $307.3M | $68.0M | ||
| Q1 24 | $310.4M | $63.5M |
| Q4 25 | $249.0M | $105.6M | ||
| Q3 25 | $283.1M | $109.5M | ||
| Q2 25 | $286.5M | $98.3M | ||
| Q1 25 | $292.8M | $93.7M | ||
| Q4 24 | $294.1M | $90.5M | ||
| Q3 24 | $375.3M | $91.3M | ||
| Q2 24 | $369.4M | $84.9M | ||
| Q1 24 | $377.0M | $82.8M |
| 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× | 0.04× |
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 | $267.0K |
| Free Cash FlowOCF − Capex | $11.6M | $-17.4M |
| FCF MarginFCF / Revenue | 17.7% | -31.5% |
| Capex IntensityCapex / Revenue | 1.4% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $267.0K | ||
| Q3 25 | $-5.7M | $6.9M | ||
| Q2 25 | $-9.4M | $3.9M | ||
| Q1 25 | $-2.1M | $-150.0K | ||
| Q4 24 | $16.6M | $-2.6M | ||
| Q3 24 | $-8.3M | $7.5M | ||
| Q2 24 | $834.0K | $6.5M | ||
| Q1 24 | $-16.4M | $1.5M |
| Q4 25 | $11.6M | $-17.4M | ||
| Q3 25 | $-7.0M | $1.8M | ||
| Q2 25 | $-11.3M | $1.6M | ||
| Q1 25 | $-3.3M | $-2.4M | ||
| Q4 24 | $14.4M | $-3.8M | ||
| Q3 24 | $-9.4M | $5.9M | ||
| Q2 24 | $-744.0K | $5.1M | ||
| Q1 24 | $-18.3M | $-923.0K |
| Q4 25 | 17.7% | -31.5% | ||
| Q3 25 | -10.0% | 3.1% | ||
| Q2 25 | -20.4% | 3.0% | ||
| Q1 25 | -5.4% | -5.1% | ||
| Q4 24 | 20.1% | -8.2% | ||
| Q3 24 | -14.0% | 12.8% | ||
| Q2 24 | -1.3% | 10.4% | ||
| Q1 24 | -26.3% | -2.1% |
| Q4 25 | 1.4% | 31.9% | ||
| Q3 25 | 1.8% | 9.0% | ||
| Q2 25 | 3.4% | 4.3% | ||
| Q1 25 | 2.0% | 4.8% | ||
| Q4 24 | 3.1% | 2.7% | ||
| Q3 24 | 1.6% | 3.3% | ||
| Q2 24 | 2.8% | 2.9% | ||
| Q1 24 | 2.7% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | -0.75× | 0.64× |
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% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
