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Side-by-side financial comparison of Clarus Corp (CLAR) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $65.4M, roughly 1.6× Clarus Corp). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -47.8%, a 86.6% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs -8.4%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $11.6M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% 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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
CLAR vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $104.0M |
| Net Profit | $-31.3M | $40.3M |
| Gross Margin | 27.7% | — |
| Operating Margin | -59.6% | 48.3% |
| Net Margin | -47.8% | 38.8% |
| Revenue YoY | -8.4% | 12.5% |
| Net Profit YoY | 52.3% | 16.9% |
| EPS (diluted) | $-0.81 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $69.3M | $102.9M | ||
| Q2 25 | $55.2M | $95.7M | ||
| Q1 25 | $60.4M | $89.4M | ||
| Q4 24 | $71.4M | $92.4M | ||
| Q3 24 | $67.1M | $90.7M | ||
| Q2 24 | $56.5M | $85.0M | ||
| Q1 24 | $69.3M | $82.2M |
| Q4 25 | $-31.3M | $40.3M | ||
| Q3 25 | $-1.6M | $41.7M | ||
| Q2 25 | $-8.4M | $36.0M | ||
| Q1 25 | $-5.2M | $32.6M | ||
| Q4 24 | $-65.5M | $34.5M | ||
| Q3 24 | $-3.2M | $32.5M | ||
| Q2 24 | $-5.5M | $29.3M | ||
| Q1 24 | $21.9M | $27.8M |
| 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% | 48.3% | ||
| Q3 25 | -4.4% | 50.4% | ||
| Q2 25 | -19.7% | 46.8% | ||
| Q1 25 | -11.2% | 44.9% | ||
| Q4 24 | -70.2% | 46.8% | ||
| Q3 24 | -8.0% | 45.0% | ||
| Q2 24 | -14.4% | 43.3% | ||
| Q1 24 | -9.8% | 41.8% |
| Q4 25 | -47.8% | 38.8% | ||
| Q3 25 | -2.3% | 40.6% | ||
| Q2 25 | -15.3% | 37.6% | ||
| Q1 25 | -8.7% | 36.4% | ||
| Q4 24 | -91.8% | 37.3% | ||
| Q3 24 | -4.7% | 35.8% | ||
| Q2 24 | -9.7% | 34.5% | ||
| Q1 24 | 31.6% | 33.8% |
| Q4 25 | $-0.81 | $2.63 | ||
| Q3 25 | $-0.04 | $2.73 | ||
| Q2 25 | $-0.22 | $2.34 | ||
| Q1 25 | $-0.14 | $2.08 | ||
| Q4 24 | $-1.72 | $2.21 | ||
| Q3 24 | $-0.08 | $2.10 | ||
| Q2 24 | $-0.14 | $1.92 | ||
| Q1 24 | $0.57 | $1.82 |
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 | — |
| Total DebtLower is stronger | $0 | $134.9M |
| Stockholders' EquityBook value | $196.4M | $1.3B |
| Total Assets | $249.0M | $9.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | — | ||
| Q3 25 | $29.5M | — | ||
| Q2 25 | $28.5M | — | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $45.4M | — | ||
| Q3 24 | $36.4M | — | ||
| Q2 24 | $46.2M | — | ||
| Q1 24 | $47.5M | — |
| Q4 25 | $0 | $134.9M | ||
| Q3 25 | $2.0M | $134.6M | ||
| Q2 25 | $1.9M | $134.3M | ||
| Q1 25 | $1.9M | $156.6M | ||
| Q4 24 | $1.9M | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | $37.0K | $162.3M |
| Q4 25 | $196.4M | $1.3B | ||
| Q3 25 | $225.8M | $1.2B | ||
| Q2 25 | $225.1M | $1.2B | ||
| Q1 25 | $229.3M | $1.2B | ||
| Q4 24 | $233.1M | $1.2B | ||
| Q3 24 | $308.5M | $1.1B | ||
| Q2 24 | $307.3M | $1.1B | ||
| Q1 24 | $310.4M | $1.1B |
| Q4 25 | $249.0M | $9.2B | ||
| Q3 25 | $283.1M | $9.0B | ||
| Q2 25 | $286.5M | $8.9B | ||
| Q1 25 | $292.8M | $9.0B | ||
| Q4 24 | $294.1M | $8.8B | ||
| Q3 24 | $375.3M | $8.6B | ||
| Q2 24 | $369.4M | $8.6B | ||
| Q1 24 | $377.0M | $8.4B |
| Q4 25 | 0.00× | 0.11× | ||
| Q3 25 | 0.01× | 0.11× | ||
| Q2 25 | 0.01× | 0.11× | ||
| Q1 25 | 0.01× | 0.13× | ||
| Q4 24 | 0.01× | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | 0.00× | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | $11.6M | $149.4M |
| FCF MarginFCF / Revenue | 17.7% | 143.7% |
| Capex IntensityCapex / Revenue | 1.4% | 3.9% |
| Cash ConversionOCF / Net Profit | — | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $153.5M | ||
| Q3 25 | $-5.7M | $45.9M | ||
| Q2 25 | $-9.4M | $38.9M | ||
| Q1 25 | $-2.1M | $41.8M | ||
| Q4 24 | $16.6M | $133.7M | ||
| Q3 24 | $-8.3M | $39.6M | ||
| Q2 24 | $834.0K | $37.3M | ||
| Q1 24 | $-16.4M | $23.4M |
| Q4 25 | $11.6M | $149.4M | ||
| Q3 25 | $-7.0M | $45.9M | ||
| Q2 25 | $-11.3M | $38.4M | ||
| Q1 25 | $-3.3M | $41.3M | ||
| Q4 24 | $14.4M | $116.8M | ||
| Q3 24 | $-9.4M | $34.7M | ||
| Q2 24 | $-744.0K | $34.4M | ||
| Q1 24 | $-18.3M | $20.1M |
| Q4 25 | 17.7% | 143.7% | ||
| Q3 25 | -10.0% | 44.6% | ||
| Q2 25 | -20.4% | 40.1% | ||
| Q1 25 | -5.4% | 46.2% | ||
| Q4 24 | 20.1% | 126.4% | ||
| Q3 24 | -14.0% | 38.3% | ||
| Q2 24 | -1.3% | 40.5% | ||
| Q1 24 | -26.3% | 24.4% |
| Q4 25 | 1.4% | 3.9% | ||
| Q3 25 | 1.8% | 0.0% | ||
| Q2 25 | 3.4% | 0.6% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 3.1% | 18.3% | ||
| Q3 24 | 1.6% | 5.4% | ||
| Q2 24 | 2.8% | 3.5% | ||
| Q1 24 | 2.7% | 4.0% |
| Q4 25 | — | 3.81× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | -0.75× | 0.84× |
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% |
NIC
Segment breakdown not available.
