vs

Side-by-side financial comparison of Clarus Corp (CLAR) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.

PennyMac Mortgage Investment Trust is the larger business by last-quarter revenue ($93.6M vs $65.4M, roughly 1.4× Clarus Corp). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -47.8%, a 103.8% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.

PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.

CLAR vs PMT — Head-to-Head

Bigger by revenue
PMT
PMT
1.4× larger
PMT
$93.6M
$65.4M
CLAR
Growing faster (revenue YoY)
CLAR
CLAR
+4.9% gap
CLAR
-8.4%
-13.3%
PMT
Higher net margin
PMT
PMT
103.8% more per $
PMT
56.0%
-47.8%
CLAR
Faster 2-yr revenue CAGR
PMT
PMT
Annualised
PMT
12.3%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
PMT
PMT
Revenue
$65.4M
$93.6M
Net Profit
$-31.3M
$52.4M
Gross Margin
27.7%
Operating Margin
-59.6%
38.6%
Net Margin
-47.8%
56.0%
Revenue YoY
-8.4%
-13.3%
Net Profit YoY
52.3%
12.5%
EPS (diluted)
$-0.81
$0.49

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
PMT
PMT
Q4 25
$65.4M
$93.6M
Q3 25
$69.3M
$99.2M
Q2 25
$55.2M
$70.2M
Q1 25
$60.4M
$44.5M
Q4 24
$71.4M
$107.9M
Q3 24
$67.1M
$80.9M
Q2 24
$56.5M
$71.2M
Q1 24
$69.3M
$74.2M
Net Profit
CLAR
CLAR
PMT
PMT
Q4 25
$-31.3M
$52.4M
Q3 25
$-1.6M
$58.3M
Q2 25
$-8.4M
$7.5M
Q1 25
$-5.2M
$9.7M
Q4 24
$-65.5M
$46.5M
Q3 24
$-3.2M
$41.4M
Q2 24
$-5.5M
$25.4M
Q1 24
$21.9M
$47.6M
Gross Margin
CLAR
CLAR
PMT
PMT
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%
Operating Margin
CLAR
CLAR
PMT
PMT
Q4 25
-59.6%
38.6%
Q3 25
-4.4%
47.4%
Q2 25
-19.7%
24.2%
Q1 25
-11.2%
-14.2%
Q4 24
-70.2%
51.1%
Q3 24
-8.0%
32.8%
Q2 24
-14.4%
40.2%
Q1 24
-9.8%
43.6%
Net Margin
CLAR
CLAR
PMT
PMT
Q4 25
-47.8%
56.0%
Q3 25
-2.3%
58.7%
Q2 25
-15.3%
10.7%
Q1 25
-8.7%
21.8%
Q4 24
-91.8%
43.1%
Q3 24
-4.7%
51.2%
Q2 24
-9.7%
35.7%
Q1 24
31.6%
64.2%
EPS (diluted)
CLAR
CLAR
PMT
PMT
Q4 25
$-0.81
$0.49
Q3 25
$-0.04
$0.55
Q2 25
$-0.22
$-0.04
Q1 25
$-0.14
$-0.01
Q4 24
$-1.72
$0.45
Q3 24
$-0.08
$0.36
Q2 24
$-0.14
$0.17
Q1 24
$0.57
$0.39

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
PMT
PMT
Cash + ST InvestmentsLiquidity on hand
$36.7M
$190.5M
Total DebtLower is stronger
$0
$1.1B
Stockholders' EquityBook value
$196.4M
$1.9B
Total Assets
$249.0M
$21.3B
Debt / EquityLower = less leverage
0.00×
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
PMT
PMT
Q4 25
$36.7M
$190.5M
Q3 25
$29.5M
$181.0M
Q2 25
$28.5M
$108.6M
Q1 25
$41.3M
$204.2M
Q4 24
$45.4M
$103.2M
Q3 24
$36.4M
$102.8M
Q2 24
$46.2M
$336.3M
Q1 24
$47.5M
$343.3M
Total Debt
CLAR
CLAR
PMT
PMT
Q4 25
$0
$1.1B
Q3 25
$2.0M
$299.0M
Q2 25
$1.9M
$1.2B
Q1 25
$1.9M
$968.4M
Q4 24
$1.9M
$1.0B
Q3 24
$5.2B
Q2 24
$5.4B
Q1 24
$37.0K
$5.1B
Stockholders' Equity
CLAR
CLAR
PMT
PMT
Q4 25
$196.4M
$1.9B
Q3 25
$225.8M
$1.9B
Q2 25
$225.1M
$1.9B
Q1 25
$229.3M
$1.9B
Q4 24
$233.1M
$1.9B
Q3 24
$308.5M
$1.9B
Q2 24
$307.3M
$1.9B
Q1 24
$310.4M
$2.0B
Total Assets
CLAR
CLAR
PMT
PMT
Q4 25
$249.0M
$21.3B
Q3 25
$283.1M
$18.5B
Q2 25
$286.5M
$16.8B
Q1 25
$292.8M
$14.9B
Q4 24
$294.1M
$14.4B
Q3 24
$375.3M
$13.1B
Q2 24
$369.4M
$12.1B
Q1 24
$377.0M
$12.3B
Debt / Equity
CLAR
CLAR
PMT
PMT
Q4 25
0.00×
0.58×
Q3 25
0.01×
0.16×
Q2 25
0.01×
0.65×
Q1 25
0.01×
0.51×
Q4 24
0.01×
0.52×
Q3 24
2.70×
Q2 24
2.76×
Q1 24
0.00×
2.60×

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
PMT
PMT
Operating Cash FlowLast quarter
$12.5M
$-7.2B
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
17.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
-137.76×
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
PMT
PMT
Q4 25
$12.5M
$-7.2B
Q3 25
$-5.7M
$-1.3B
Q2 25
$-9.4M
$-2.0B
Q1 25
$-2.1M
$-594.3M
Q4 24
$16.6M
$-2.7B
Q3 24
$-8.3M
$-983.8M
Q2 24
$834.0K
$243.8M
Q1 24
$-16.4M
$-342.4M
Free Cash Flow
CLAR
CLAR
PMT
PMT
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
PMT
PMT
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
PMT
PMT
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
PMT
PMT
Q4 25
-137.76×
Q3 25
-22.26×
Q2 25
-267.53×
Q1 25
-61.39×
Q4 24
-58.08×
Q3 24
-23.76×
Q2 24
9.59×
Q1 24
-0.75×
-7.19×

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%

PMT
PMT

Other$55.0M59%
Interest Rate Sensitive Strategies$31.4M34%
Correspondent Production$7.2M8%

Related Comparisons