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Side-by-side financial comparison of Clarus Corp (CLAR) and MIMEDX GROUP, INC. (MDXG). Click either name above to swap in a different company.

MIMEDX GROUP, INC. is the larger business by last-quarter revenue ($118.1M vs $65.4M, roughly 1.8× Clarus Corp). MIMEDX GROUP, INC. runs the higher net margin — 12.9% vs -47.8%, a 60.7% gap on every dollar of revenue. On growth, MIMEDX GROUP, INC. posted the faster year-over-year revenue change (27.1% vs -8.4%). Over the past eight quarters, MIMEDX GROUP, INC.'s revenue compounded faster (18.1% 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.

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

CLAR vs MDXG — Head-to-Head

Bigger by revenue
MDXG
MDXG
1.8× larger
MDXG
$118.1M
$65.4M
CLAR
Growing faster (revenue YoY)
MDXG
MDXG
+35.5% gap
MDXG
27.1%
-8.4%
CLAR
Higher net margin
MDXG
MDXG
60.7% more per $
MDXG
12.9%
-47.8%
CLAR
Faster 2-yr revenue CAGR
MDXG
MDXG
Annualised
MDXG
18.1%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
MDXG
MDXG
Revenue
$65.4M
$118.1M
Net Profit
$-31.3M
$15.2M
Gross Margin
27.7%
83.9%
Operating Margin
-59.6%
17.8%
Net Margin
-47.8%
12.9%
Revenue YoY
-8.4%
27.1%
Net Profit YoY
52.3%
104.2%
EPS (diluted)
$-0.81
$0.10

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
MDXG
MDXG
Q4 25
$65.4M
$118.1M
Q3 25
$69.3M
$113.7M
Q2 25
$55.2M
$98.6M
Q1 25
$60.4M
$88.2M
Q4 24
$71.4M
$92.9M
Q3 24
$67.1M
$84.1M
Q2 24
$56.5M
$87.2M
Q1 24
$69.3M
$84.7M
Net Profit
CLAR
CLAR
MDXG
MDXG
Q4 25
$-31.3M
$15.2M
Q3 25
$-1.6M
$16.7M
Q2 25
$-8.4M
$9.6M
Q1 25
$-5.2M
$7.0M
Q4 24
$-65.5M
$7.4M
Q3 24
$-3.2M
$8.1M
Q2 24
$-5.5M
$17.6M
Q1 24
$21.9M
$9.3M
Gross Margin
CLAR
CLAR
MDXG
MDXG
Q4 25
27.7%
83.9%
Q3 25
35.1%
83.5%
Q2 25
35.6%
81.1%
Q1 25
34.4%
81.2%
Q4 24
33.4%
81.8%
Q3 24
35.0%
81.8%
Q2 24
36.1%
83.0%
Q1 24
35.9%
84.7%
Operating Margin
CLAR
CLAR
MDXG
MDXG
Q4 25
-59.6%
17.8%
Q3 25
-4.4%
19.5%
Q2 25
-19.7%
12.5%
Q1 25
-11.2%
9.4%
Q4 24
-70.2%
11.9%
Q3 24
-8.0%
13.3%
Q2 24
-14.4%
26.9%
Q1 24
-9.8%
15.6%
Net Margin
CLAR
CLAR
MDXG
MDXG
Q4 25
-47.8%
12.9%
Q3 25
-2.3%
14.7%
Q2 25
-15.3%
9.8%
Q1 25
-8.7%
8.0%
Q4 24
-91.8%
8.0%
Q3 24
-4.7%
9.6%
Q2 24
-9.7%
20.2%
Q1 24
31.6%
10.9%
EPS (diluted)
CLAR
CLAR
MDXG
MDXG
Q4 25
$-0.81
$0.10
Q3 25
$-0.04
$0.11
Q2 25
$-0.22
$0.06
Q1 25
$-0.14
$0.05
Q4 24
$-1.72
$0.05
Q3 24
$-0.08
$0.05
Q2 24
$-0.14
$0.12
Q1 24
$0.57
$0.06

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
MDXG
MDXG
Cash + ST InvestmentsLiquidity on hand
$36.7M
$166.1M
Total DebtLower is stronger
$0
$18.0M
Stockholders' EquityBook value
$196.4M
$256.5M
Total Assets
$249.0M
$342.7M
Debt / EquityLower = less leverage
0.00×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
MDXG
MDXG
Q4 25
$36.7M
$166.1M
Q3 25
$29.5M
$142.1M
Q2 25
$28.5M
$118.9M
Q1 25
$41.3M
$106.4M
Q4 24
$45.4M
$104.4M
Q3 24
$36.4M
$88.8M
Q2 24
$46.2M
$69.0M
Q1 24
$47.5M
$48.5M
Total Debt
CLAR
CLAR
MDXG
MDXG
Q4 25
$0
$18.0M
Q3 25
$2.0M
Q2 25
$1.9M
Q1 25
$1.9M
Q4 24
$1.9M
$19.0M
Q3 24
Q2 24
Q1 24
$37.0K
Stockholders' Equity
CLAR
CLAR
MDXG
MDXG
Q4 25
$196.4M
$256.5M
Q3 25
$225.8M
$238.9M
Q2 25
$225.1M
$216.6M
Q1 25
$229.3M
$202.8M
Q4 24
$233.1M
$193.1M
Q3 24
$308.5M
$181.0M
Q2 24
$307.3M
$168.0M
Q1 24
$310.4M
$155.7M
Total Assets
CLAR
CLAR
MDXG
MDXG
Q4 25
$249.0M
$342.7M
Q3 25
$283.1M
$319.0M
Q2 25
$286.5M
$291.1M
Q1 25
$292.8M
$270.4M
Q4 24
$294.1M
$263.9M
Q3 24
$375.3M
$243.9M
Q2 24
$369.4M
$230.2M
Q1 24
$377.0M
$221.7M
Debt / Equity
CLAR
CLAR
MDXG
MDXG
Q4 25
0.00×
0.07×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
0.10×
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
MDXG
MDXG
Operating Cash FlowLast quarter
$12.5M
$25.0M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
17.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
MDXG
MDXG
Q4 25
$12.5M
$25.0M
Q3 25
$-5.7M
$29.3M
Q2 25
$-9.4M
$14.4M
Q1 25
$-2.1M
$5.3M
Q4 24
$16.6M
$18.8M
Q3 24
$-8.3M
$19.6M
Q2 24
$834.0K
$21.8M
Q1 24
$-16.4M
$6.0M
Free Cash Flow
CLAR
CLAR
MDXG
MDXG
Q4 25
$11.6M
Q3 25
$-7.0M
Q2 25
$-11.3M
Q1 25
$-3.3M
Q4 24
$14.4M
Q3 24
$-9.4M
Q2 24
$-744.0K
Q1 24
$-18.3M
FCF Margin
CLAR
CLAR
MDXG
MDXG
Q4 25
17.7%
Q3 25
-10.0%
Q2 25
-20.4%
Q1 25
-5.4%
Q4 24
20.1%
Q3 24
-14.0%
Q2 24
-1.3%
Q1 24
-26.3%
Capex Intensity
CLAR
CLAR
MDXG
MDXG
Q4 25
1.4%
Q3 25
1.8%
Q2 25
3.4%
Q1 25
2.0%
Q4 24
3.1%
Q3 24
1.6%
Q2 24
2.8%
Q1 24
2.7%
Cash Conversion
CLAR
CLAR
MDXG
MDXG
Q4 25
1.64×
Q3 25
1.75×
Q2 25
1.50×
Q1 25
0.75×
Q4 24
2.53×
Q3 24
2.42×
Q2 24
1.24×
Q1 24
-0.75×
0.65×

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%

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

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