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Side-by-side financial comparison of Clarus Corp (CLAR) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $49.9M, roughly 1.3× MARAVAI LIFESCIENCES HOLDINGS, INC.). Clarus Corp runs the higher net margin — -47.8% vs -71.6%, a 23.8% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -11.8%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-24.9M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -11.9%).
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.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
CLAR vs MRVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $49.9M |
| Net Profit | $-31.3M | $-35.7M |
| Gross Margin | 27.7% | 25.8% |
| Operating Margin | -59.6% | -117.9% |
| Net Margin | -47.8% | -71.6% |
| Revenue YoY | -8.4% | -11.8% |
| Net Profit YoY | 52.3% | -37.7% |
| 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 | $49.9M | ||
| Q3 25 | $69.3M | $41.6M | ||
| Q2 25 | $55.2M | $47.4M | ||
| Q1 25 | $60.4M | $46.9M | ||
| Q4 24 | $71.4M | $56.6M | ||
| Q3 24 | $67.1M | $69.0M | ||
| Q2 24 | $56.5M | $69.4M | ||
| Q1 24 | $69.3M | $64.2M |
| Q4 25 | $-31.3M | $-35.7M | ||
| Q3 25 | $-1.6M | $-25.6M | ||
| Q2 25 | $-8.4M | $-39.6M | ||
| Q1 25 | $-5.2M | $-29.9M | ||
| Q4 24 | $-65.5M | $-25.9M | ||
| Q3 24 | $-3.2M | $-97.1M | ||
| Q2 24 | $-5.5M | $-9.8M | ||
| Q1 24 | $21.9M | $-12.1M |
| Q4 25 | 27.7% | 25.8% | ||
| Q3 25 | 35.1% | 13.6% | ||
| Q2 25 | 35.6% | 16.4% | ||
| Q1 25 | 34.4% | 16.5% | ||
| Q4 24 | 33.4% | 34.3% | ||
| Q3 24 | 35.0% | 46.7% | ||
| Q2 24 | 36.1% | 44.4% | ||
| Q1 24 | 35.9% | 40.3% |
| Q4 25 | -59.6% | -117.9% | ||
| Q3 25 | -4.4% | -98.6% | ||
| Q2 25 | -19.7% | -139.8% | ||
| Q1 25 | -11.2% | -104.9% | ||
| Q4 24 | -70.2% | -66.7% | ||
| Q3 24 | -8.0% | -239.9% | ||
| Q2 24 | -14.4% | -19.4% | ||
| Q1 24 | -9.8% | -29.4% |
| Q4 25 | -47.8% | -71.6% | ||
| Q3 25 | -2.3% | -61.4% | ||
| Q2 25 | -15.3% | -83.5% | ||
| Q1 25 | -8.7% | -63.9% | ||
| Q4 24 | -91.8% | -45.8% | ||
| Q3 24 | -4.7% | -140.6% | ||
| Q2 24 | -9.7% | -14.1% | ||
| Q1 24 | 31.6% | -18.8% |
| Q4 25 | $-0.81 | $-0.24 | ||
| Q3 25 | $-0.04 | $-0.18 | ||
| Q2 25 | $-0.22 | $-0.27 | ||
| Q1 25 | $-0.14 | $-0.21 | ||
| Q4 24 | $-1.72 | $-0.21 | ||
| Q3 24 | $-0.08 | $-0.68 | ||
| Q2 24 | $-0.14 | $-0.07 | ||
| Q1 24 | $0.57 | $-0.09 |
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 | $216.9M |
| Total DebtLower is stronger | $0 | $291.8M |
| Stockholders' EquityBook value | $196.4M | $212.4M |
| Total Assets | $249.0M | $770.6M |
| Debt / EquityLower = less leverage | 0.00× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $216.9M | ||
| Q3 25 | $29.5M | $243.6M | ||
| Q2 25 | $28.5M | $269.9M | ||
| Q1 25 | $41.3M | $285.1M | ||
| Q4 24 | $45.4M | $322.4M | ||
| Q3 24 | $36.4M | $578.2M | ||
| Q2 24 | $46.2M | $573.2M | ||
| Q1 24 | $47.5M | $561.7M |
| Q4 25 | $0 | $291.8M | ||
| Q3 25 | $2.0M | $292.8M | ||
| Q2 25 | $1.9M | $293.9M | ||
| Q1 25 | $1.9M | $294.9M | ||
| Q4 24 | $1.9M | $295.9M | ||
| Q3 24 | — | $521.7M | ||
| Q2 24 | — | $522.5M | ||
| Q1 24 | $37.0K | $523.3M |
| Q4 25 | $196.4M | $212.4M | ||
| Q3 25 | $225.8M | $245.4M | ||
| Q2 25 | $225.1M | $265.9M | ||
| Q1 25 | $229.3M | $300.6M | ||
| Q4 24 | $233.1M | $325.3M | ||
| Q3 24 | $308.5M | $344.9M | ||
| Q2 24 | $307.3M | $434.7M | ||
| Q1 24 | $310.4M | $410.7M |
| Q4 25 | $249.0M | $770.6M | ||
| Q3 25 | $283.1M | $849.2M | ||
| Q2 25 | $286.5M | $897.0M | ||
| Q1 25 | $292.8M | $959.8M | ||
| Q4 24 | $294.1M | $1.0B | ||
| Q3 24 | $375.3M | $1.3B | ||
| Q2 24 | $369.4M | $1.4B | ||
| Q1 24 | $377.0M | $1.4B |
| Q4 25 | 0.00× | 1.37× | ||
| Q3 25 | 0.01× | 1.19× | ||
| Q2 25 | 0.01× | 1.11× | ||
| Q1 25 | 0.01× | 0.98× | ||
| Q4 24 | 0.01× | 0.91× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | 0.00× | 1.27× |
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 | $-22.8M |
| Free Cash FlowOCF − Capex | $11.6M | $-24.9M |
| FCF MarginFCF / Revenue | 17.7% | -49.9% |
| Capex IntensityCapex / Revenue | 1.4% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $-22.8M | ||
| Q3 25 | $-5.7M | $-15.2M | ||
| Q2 25 | $-9.4M | $-10.3M | ||
| Q1 25 | $-2.1M | $-9.4M | ||
| Q4 24 | $16.6M | $-14.6M | ||
| Q3 24 | $-8.3M | $13.1M | ||
| Q2 24 | $834.0K | $17.4M | ||
| Q1 24 | $-16.4M | $-8.5M |
| Q4 25 | $11.6M | $-24.9M | ||
| Q3 25 | $-7.0M | $-18.1M | ||
| Q2 25 | $-11.3M | $-13.1M | ||
| Q1 25 | $-3.3M | $-14.6M | ||
| Q4 24 | $14.4M | $-20.5M | ||
| Q3 24 | $-9.4M | $4.5M | ||
| Q2 24 | $-744.0K | $7.9M | ||
| Q1 24 | $-18.3M | $-14.1M |
| Q4 25 | 17.7% | -49.9% | ||
| Q3 25 | -10.0% | -43.4% | ||
| Q2 25 | -20.4% | -27.7% | ||
| Q1 25 | -5.4% | -31.2% | ||
| Q4 24 | 20.1% | -36.2% | ||
| Q3 24 | -14.0% | 6.6% | ||
| Q2 24 | -1.3% | 11.4% | ||
| Q1 24 | -26.3% | -22.0% |
| Q4 25 | 1.4% | 4.2% | ||
| Q3 25 | 1.8% | 7.0% | ||
| Q2 25 | 3.4% | 6.1% | ||
| Q1 25 | 2.0% | 11.2% | ||
| Q4 24 | 3.1% | 10.3% | ||
| Q3 24 | 1.6% | 12.4% | ||
| Q2 24 | 2.8% | 13.8% | ||
| Q1 24 | 2.7% | 8.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | — |
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% |
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
