vs

Side-by-side financial comparison of Clarus Corp (CLAR) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.

Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $65.4M, roughly 1.8× Clarus Corp). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -47.8%, a 36.8% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -27.7%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-17.5M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -22.7%).

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.

Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.

CLAR vs METC — Head-to-Head

Bigger by revenue
METC
METC
1.8× larger
METC
$121.0M
$65.4M
CLAR
Growing faster (revenue YoY)
CLAR
CLAR
+19.3% gap
CLAR
-8.4%
-27.7%
METC
Higher net margin
METC
METC
36.8% more per $
METC
-11.0%
-47.8%
CLAR
More free cash flow
CLAR
CLAR
$29.1M more FCF
CLAR
$11.6M
$-17.5M
METC
Faster 2-yr revenue CAGR
CLAR
CLAR
Annualised
CLAR
-2.9%
-22.7%
METC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CLAR
CLAR
METC
METC
Revenue
$65.4M
$121.0M
Net Profit
$-31.3M
$-13.3M
Gross Margin
27.7%
15.8%
Operating Margin
-59.6%
-12.0%
Net Margin
-47.8%
-11.0%
Revenue YoY
-8.4%
-27.7%
Net Profit YoY
52.3%
-5468.2%
EPS (diluted)
$-0.81

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
METC
METC
Q4 25
$65.4M
Q3 25
$69.3M
$121.0M
Q2 25
$55.2M
$153.0M
Q1 25
$60.4M
$134.7M
Q4 24
$71.4M
$170.9M
Q3 24
$67.1M
$167.4M
Q2 24
$56.5M
$155.3M
Q1 24
$69.3M
$172.7M
Net Profit
CLAR
CLAR
METC
METC
Q4 25
$-31.3M
Q3 25
$-1.6M
$-13.3M
Q2 25
$-8.4M
$-14.0M
Q1 25
$-5.2M
$-9.5M
Q4 24
$-65.5M
$3.9M
Q3 24
$-3.2M
$-239.0K
Q2 24
$-5.5M
$5.5M
Q1 24
$21.9M
$2.0M
Gross Margin
CLAR
CLAR
METC
METC
Q4 25
27.7%
Q3 25
35.1%
15.8%
Q2 25
35.6%
12.3%
Q1 25
34.4%
15.2%
Q4 24
33.4%
20.4%
Q3 24
35.0%
19.5%
Q2 24
36.1%
21.0%
Q1 24
35.9%
19.1%
Operating Margin
CLAR
CLAR
METC
METC
Q4 25
-59.6%
Q3 25
-4.4%
-12.0%
Q2 25
-19.7%
-9.1%
Q1 25
-11.2%
-8.9%
Q4 24
-70.2%
3.7%
Q3 24
-8.0%
1.0%
Q2 24
-14.4%
3.5%
Q1 24
-9.8%
1.9%
Net Margin
CLAR
CLAR
METC
METC
Q4 25
-47.8%
Q3 25
-2.3%
-11.0%
Q2 25
-15.3%
-9.1%
Q1 25
-8.7%
-7.0%
Q4 24
-91.8%
2.3%
Q3 24
-4.7%
-0.1%
Q2 24
-9.7%
3.6%
Q1 24
31.6%
1.2%
EPS (diluted)
CLAR
CLAR
METC
METC
Q4 25
$-0.81
Q3 25
$-0.04
Q2 25
$-0.22
Q1 25
$-0.14
Q4 24
$-1.72
$0.06
Q3 24
$-0.08
$-0.03
Q2 24
$-0.14
$0.08
Q1 24
$0.57
$0.00

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
METC
METC
Cash + ST InvestmentsLiquidity on hand
$36.7M
$193.8M
Total DebtLower is stronger
$0
$116.3M
Stockholders' EquityBook value
$196.4M
$526.9M
Total Assets
$249.0M
$849.7M
Debt / EquityLower = less leverage
0.00×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
METC
METC
Q4 25
$36.7M
Q3 25
$29.5M
$193.8M
Q2 25
$28.5M
$28.1M
Q1 25
$41.3M
$43.5M
Q4 24
$45.4M
$33.0M
Q3 24
$36.4M
$22.9M
Q2 24
$46.2M
$27.6M
Q1 24
$47.5M
$30.5M
Total Debt
CLAR
CLAR
METC
METC
Q4 25
$0
Q3 25
$2.0M
$116.3M
Q2 25
$1.9M
Q1 25
$1.9M
Q4 24
$1.9M
$88.2M
Q3 24
Q2 24
Q1 24
$37.0K
Stockholders' Equity
CLAR
CLAR
METC
METC
Q4 25
$196.4M
Q3 25
$225.8M
$526.9M
Q2 25
$225.1M
$347.4M
Q1 25
$229.3M
$355.2M
Q4 24
$233.1M
$362.8M
Q3 24
$308.5M
$361.8M
Q2 24
$307.3M
$366.1M
Q1 24
$310.4M
$372.3M
Total Assets
CLAR
CLAR
METC
METC
Q4 25
$249.0M
Q3 25
$283.1M
$849.7M
Q2 25
$286.5M
$674.6M
Q1 25
$292.8M
$685.7M
Q4 24
$294.1M
$674.7M
Q3 24
$375.3M
$645.4M
Q2 24
$369.4M
$659.2M
Q1 24
$377.0M
$674.0M
Debt / Equity
CLAR
CLAR
METC
METC
Q4 25
0.00×
Q3 25
0.01×
0.22×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
0.24×
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
METC
METC
Operating Cash FlowLast quarter
$12.5M
$-1.4M
Free Cash FlowOCF − Capex
$11.6M
$-17.5M
FCF MarginFCF / Revenue
17.7%
-14.5%
Capex IntensityCapex / Revenue
1.4%
13.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
METC
METC
Q4 25
$12.5M
Q3 25
$-5.7M
$-1.4M
Q2 25
$-9.4M
$-4.3M
Q1 25
$-2.1M
$26.0M
Q4 24
$16.6M
$15.7M
Q3 24
$-8.3M
$37.4M
Q2 24
$834.0K
$34.4M
Q1 24
$-16.4M
$25.2M
Free Cash Flow
CLAR
CLAR
METC
METC
Q4 25
$11.6M
Q3 25
$-7.0M
$-17.5M
Q2 25
$-11.3M
$-19.8M
Q1 25
$-3.3M
$7.6M
Q4 24
$14.4M
$5.1M
Q3 24
$-9.4M
$25.6M
Q2 24
$-744.0K
$20.3M
Q1 24
$-18.3M
$6.5M
FCF Margin
CLAR
CLAR
METC
METC
Q4 25
17.7%
Q3 25
-10.0%
-14.5%
Q2 25
-20.4%
-13.0%
Q1 25
-5.4%
5.6%
Q4 24
20.1%
3.0%
Q3 24
-14.0%
15.3%
Q2 24
-1.3%
13.1%
Q1 24
-26.3%
3.7%
Capex Intensity
CLAR
CLAR
METC
METC
Q4 25
1.4%
Q3 25
1.8%
13.3%
Q2 25
3.4%
10.2%
Q1 25
2.0%
13.7%
Q4 24
3.1%
6.2%
Q3 24
1.6%
7.0%
Q2 24
2.8%
9.1%
Q1 24
2.7%
10.8%
Cash Conversion
CLAR
CLAR
METC
METC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.06×
Q3 24
Q2 24
6.21×
Q1 24
-0.75×
12.40×

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%

METC
METC

Export Coal Revenues$73.0M60%
Domestic Coal Revenues$48.0M40%

Related Comparisons