vs
Side-by-side financial comparison of Clarus Corp (CLAR) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $49.0M, roughly 1.3× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -47.8%, a 45.6% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $6.9M).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
CLAR vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $49.0M |
| Net Profit | $-31.3M | $-1.1M |
| Gross Margin | 27.7% | 53.5% |
| Operating Margin | -59.6% | 2.1% |
| Net Margin | -47.8% | -2.1% |
| Revenue YoY | -8.4% | 32.3% |
| Net Profit YoY | 52.3% | 2.9% |
| EPS (diluted) | $-0.81 | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $69.3M | $39.8M | ||
| Q2 25 | $55.2M | $35.1M | ||
| Q1 25 | $60.4M | $33.3M | ||
| Q4 24 | $71.4M | $37.1M | ||
| Q3 24 | $67.1M | — | ||
| Q2 24 | $56.5M | — | ||
| Q1 24 | $69.3M | — |
| Q4 25 | $-31.3M | $-1.1M | ||
| Q3 25 | $-1.6M | $-3.5M | ||
| Q2 25 | $-8.4M | $-3.0M | ||
| Q1 25 | $-5.2M | $-3.0M | ||
| Q4 24 | $-65.5M | $-1.1M | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $-5.5M | — | ||
| Q1 24 | $21.9M | — |
| Q4 25 | 27.7% | 53.5% | ||
| Q3 25 | 35.1% | 48.7% | ||
| Q2 25 | 35.6% | 57.6% | ||
| Q1 25 | 34.4% | 54.6% | ||
| Q4 24 | 33.4% | 52.1% | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 36.1% | — | ||
| Q1 24 | 35.9% | — |
| Q4 25 | -59.6% | 2.1% | ||
| Q3 25 | -4.4% | -3.6% | ||
| Q2 25 | -19.7% | -5.2% | ||
| Q1 25 | -11.2% | -3.0% | ||
| Q4 24 | -70.2% | 1.2% | ||
| Q3 24 | -8.0% | — | ||
| Q2 24 | -14.4% | — | ||
| Q1 24 | -9.8% | — |
| Q4 25 | -47.8% | -2.1% | ||
| Q3 25 | -2.3% | -8.9% | ||
| Q2 25 | -15.3% | -8.6% | ||
| Q1 25 | -8.7% | -9.1% | ||
| Q4 24 | -91.8% | -2.9% | ||
| Q3 24 | -4.7% | — | ||
| Q2 24 | -9.7% | — | ||
| Q1 24 | 31.6% | — |
| Q4 25 | $-0.81 | $-0.02 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $-0.22 | $-0.07 | ||
| Q1 25 | $-0.14 | $-0.07 | ||
| Q4 24 | $-1.72 | $-0.03 | ||
| Q3 24 | $-0.08 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $0.57 | — |
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 | $10.5M |
| Total DebtLower is stronger | $0 | $84.0M |
| Stockholders' EquityBook value | $196.4M | $113.0M |
| Total Assets | $249.0M | $280.7M |
| Debt / EquityLower = less leverage | 0.00× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $10.5M | ||
| Q3 25 | $29.5M | $12.9M | ||
| Q2 25 | $28.5M | $11.3M | ||
| Q1 25 | $41.3M | $17.1M | ||
| Q4 24 | $45.4M | $15.5M | ||
| Q3 24 | $36.4M | — | ||
| Q2 24 | $46.2M | — | ||
| Q1 24 | $47.5M | — |
| Q4 25 | $0 | $84.0M | ||
| Q3 25 | $2.0M | $87.6M | ||
| Q2 25 | $1.9M | $66.0M | ||
| Q1 25 | $1.9M | $71.5M | ||
| Q4 24 | $1.9M | $70.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
| Q4 25 | $196.4M | $113.0M | ||
| Q3 25 | $225.8M | $112.1M | ||
| Q2 25 | $225.1M | $102.5M | ||
| Q1 25 | $229.3M | $103.6M | ||
| Q4 24 | $233.1M | $106.3M | ||
| Q3 24 | $308.5M | — | ||
| Q2 24 | $307.3M | — | ||
| Q1 24 | $310.4M | — |
| Q4 25 | $249.0M | $280.7M | ||
| Q3 25 | $283.1M | $283.3M | ||
| Q2 25 | $286.5M | $236.1M | ||
| Q1 25 | $292.8M | $244.6M | ||
| Q4 24 | $294.1M | $242.8M | ||
| Q3 24 | $375.3M | — | ||
| Q2 24 | $369.4M | — | ||
| Q1 24 | $377.0M | — |
| Q4 25 | 0.00× | 0.74× | ||
| Q3 25 | 0.01× | 0.78× | ||
| Q2 25 | 0.01× | 0.64× | ||
| Q1 25 | 0.01× | 0.69× | ||
| Q4 24 | 0.01× | 0.66× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.5M | $8.9M |
| Free Cash FlowOCF − Capex | $11.6M | $6.9M |
| FCF MarginFCF / Revenue | 17.7% | 14.0% |
| Capex IntensityCapex / Revenue | 1.4% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $8.9M | ||
| Q3 25 | $-5.7M | $9.8M | ||
| Q2 25 | $-9.4M | $9.7M | ||
| Q1 25 | $-2.1M | $8.9M | ||
| Q4 24 | $16.6M | $9.3M | ||
| Q3 24 | $-8.3M | — | ||
| Q2 24 | $834.0K | — | ||
| Q1 24 | $-16.4M | — |
| Q4 25 | $11.6M | $6.9M | ||
| Q3 25 | $-7.0M | $8.0M | ||
| Q2 25 | $-11.3M | $4.4M | ||
| Q1 25 | $-3.3M | $7.3M | ||
| Q4 24 | $14.4M | $5.6M | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-744.0K | — | ||
| Q1 24 | $-18.3M | — |
| Q4 25 | 17.7% | 14.0% | ||
| Q3 25 | -10.0% | 20.0% | ||
| Q2 25 | -20.4% | 12.6% | ||
| Q1 25 | -5.4% | 22.0% | ||
| Q4 24 | 20.1% | 15.2% | ||
| Q3 24 | -14.0% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | -26.3% | — |
| Q4 25 | 1.4% | 4.2% | ||
| Q3 25 | 1.8% | 4.6% | ||
| Q2 25 | 3.4% | 14.9% | ||
| Q1 25 | 2.0% | 4.8% | ||
| Q4 24 | 3.1% | 9.9% | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| 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% |
QIPT
Segment breakdown not available.
