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Side-by-side financial comparison of Clarus Corp (CLAR) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $65.4M, roughly 1.1× Clarus Corp). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -47.8%, a 49.8% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -8.4%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $11.6M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

CLAR vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.1× larger
RMAX
$71.1M
$65.4M
CLAR
Growing faster (revenue YoY)
RMAX
RMAX
+6.6% gap
RMAX
-1.8%
-8.4%
CLAR
Higher net margin
RMAX
RMAX
49.8% more per $
RMAX
2.0%
-47.8%
CLAR
More free cash flow
RMAX
RMAX
$21.9M more FCF
RMAX
$33.5M
$11.6M
CLAR
Faster 2-yr revenue CAGR
CLAR
CLAR
Annualised
CLAR
-2.9%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
RMAX
RMAX
Revenue
$65.4M
$71.1M
Net Profit
$-31.3M
$1.4M
Gross Margin
27.7%
Operating Margin
-59.6%
13.1%
Net Margin
-47.8%
2.0%
Revenue YoY
-8.4%
-1.8%
Net Profit YoY
52.3%
-75.2%
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
RMAX
RMAX
Q4 25
$65.4M
$71.1M
Q3 25
$69.3M
$73.2M
Q2 25
$55.2M
$72.8M
Q1 25
$60.4M
$74.5M
Q4 24
$71.4M
$72.5M
Q3 24
$67.1M
$78.5M
Q2 24
$56.5M
$78.5M
Q1 24
$69.3M
$78.3M
Net Profit
CLAR
CLAR
RMAX
RMAX
Q4 25
$-31.3M
$1.4M
Q3 25
$-1.6M
$4.0M
Q2 25
$-8.4M
$4.7M
Q1 25
$-5.2M
$-2.0M
Q4 24
$-65.5M
$5.8M
Q3 24
$-3.2M
$966.0K
Q2 24
$-5.5M
$3.7M
Q1 24
$21.9M
$-3.4M
Gross Margin
CLAR
CLAR
RMAX
RMAX
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
RMAX
RMAX
Q4 25
-59.6%
13.1%
Q3 25
-4.4%
25.0%
Q2 25
-19.7%
19.3%
Q1 25
-11.2%
7.2%
Q4 24
-70.2%
5.9%
Q3 24
-8.0%
19.4%
Q2 24
-14.4%
20.6%
Q1 24
-9.8%
5.8%
Net Margin
CLAR
CLAR
RMAX
RMAX
Q4 25
-47.8%
2.0%
Q3 25
-2.3%
5.4%
Q2 25
-15.3%
6.4%
Q1 25
-8.7%
-2.6%
Q4 24
-91.8%
8.0%
Q3 24
-4.7%
1.2%
Q2 24
-9.7%
4.7%
Q1 24
31.6%
-4.3%
EPS (diluted)
CLAR
CLAR
RMAX
RMAX
Q4 25
$-0.81
Q3 25
$-0.04
Q2 25
$-0.22
Q1 25
$-0.14
Q4 24
$-1.72
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
CLAR
CLAR
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$36.7M
$118.7M
Total DebtLower is stronger
$0
$432.2M
Stockholders' EquityBook value
$196.4M
$452.4M
Total Assets
$249.0M
$582.5M
Debt / EquityLower = less leverage
0.00×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
RMAX
RMAX
Q4 25
$36.7M
$118.7M
Q3 25
$29.5M
$107.5M
Q2 25
$28.5M
$94.3M
Q1 25
$41.3M
$89.1M
Q4 24
$45.4M
$96.6M
Q3 24
$36.4M
$83.8M
Q2 24
$46.2M
$66.1M
Q1 24
$47.5M
$82.1M
Total Debt
CLAR
CLAR
RMAX
RMAX
Q4 25
$0
$432.2M
Q3 25
$2.0M
$433.3M
Q2 25
$1.9M
$434.4M
Q1 25
$1.9M
$435.3M
Q4 24
$1.9M
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$37.0K
$439.0M
Stockholders' Equity
CLAR
CLAR
RMAX
RMAX
Q4 25
$196.4M
$452.4M
Q3 25
$225.8M
$448.1M
Q2 25
$225.1M
$442.4M
Q1 25
$229.3M
$433.5M
Q4 24
$233.1M
$429.5M
Q3 24
$308.5M
$423.1M
Q2 24
$307.3M
$418.4M
Q1 24
$310.4M
$412.0M
Total Assets
CLAR
CLAR
RMAX
RMAX
Q4 25
$249.0M
$582.5M
Q3 25
$283.1M
$582.2M
Q2 25
$286.5M
$574.8M
Q1 25
$292.8M
$571.4M
Q4 24
$294.1M
$581.6M
Q3 24
$375.3M
$578.6M
Q2 24
$369.4M
$571.4M
Q1 24
$377.0M
$566.7M
Debt / Equity
CLAR
CLAR
RMAX
RMAX
Q4 25
0.00×
0.96×
Q3 25
0.01×
0.97×
Q2 25
0.01×
0.98×
Q1 25
0.01×
1.00×
Q4 24
0.01×
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
0.00×
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$12.5M
$40.9M
Free Cash FlowOCF − Capex
$11.6M
$33.5M
FCF MarginFCF / Revenue
17.7%
47.1%
Capex IntensityCapex / Revenue
1.4%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
RMAX
RMAX
Q4 25
$12.5M
$40.9M
Q3 25
$-5.7M
$17.7M
Q2 25
$-9.4M
$4.6M
Q1 25
$-2.1M
$5.7M
Q4 24
$16.6M
$59.7M
Q3 24
$-8.3M
$17.6M
Q2 24
$834.0K
$15.9M
Q1 24
$-16.4M
$9.4M
Free Cash Flow
CLAR
CLAR
RMAX
RMAX
Q4 25
$11.6M
$33.5M
Q3 25
$-7.0M
$16.4M
Q2 25
$-11.3M
$2.9M
Q1 25
$-3.3M
$4.0M
Q4 24
$14.4M
$53.0M
Q3 24
$-9.4M
$16.3M
Q2 24
$-744.0K
$14.0M
Q1 24
$-18.3M
$6.8M
FCF Margin
CLAR
CLAR
RMAX
RMAX
Q4 25
17.7%
47.1%
Q3 25
-10.0%
22.4%
Q2 25
-20.4%
4.0%
Q1 25
-5.4%
5.3%
Q4 24
20.1%
73.2%
Q3 24
-14.0%
20.8%
Q2 24
-1.3%
17.8%
Q1 24
-26.3%
8.6%
Capex Intensity
CLAR
CLAR
RMAX
RMAX
Q4 25
1.4%
10.4%
Q3 25
1.8%
1.8%
Q2 25
3.4%
2.2%
Q1 25
2.0%
2.3%
Q4 24
3.1%
9.1%
Q3 24
1.6%
1.7%
Q2 24
2.8%
2.4%
Q1 24
2.7%
3.3%
Cash Conversion
CLAR
CLAR
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
4.29×
Q1 24
-0.75×

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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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