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Side-by-side financial comparison of Clarus Corp (CLAR) and Safehold Inc. (SAFE). Click either name above to swap in a different company.

Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $65.4M, roughly 1.5× Clarus Corp). Safehold Inc. runs the higher net margin — 28.5% vs -47.8%, a 76.3% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -8.4%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% 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.

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

CLAR vs SAFE — Head-to-Head

Bigger by revenue
SAFE
SAFE
1.5× larger
SAFE
$97.9M
$65.4M
CLAR
Growing faster (revenue YoY)
SAFE
SAFE
+14.9% gap
SAFE
6.5%
-8.4%
CLAR
Higher net margin
SAFE
SAFE
76.3% more per $
SAFE
28.5%
-47.8%
CLAR
Faster 2-yr revenue CAGR
SAFE
SAFE
Annualised
SAFE
2.5%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
SAFE
SAFE
Revenue
$65.4M
$97.9M
Net Profit
$-31.3M
$27.9M
Gross Margin
27.7%
98.6%
Operating Margin
-59.6%
27.4%
Net Margin
-47.8%
28.5%
Revenue YoY
-8.4%
6.5%
Net Profit YoY
52.3%
7.1%
EPS (diluted)
$-0.81
$0.38

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
SAFE
SAFE
Q4 25
$65.4M
$97.9M
Q3 25
$69.3M
$96.2M
Q2 25
$55.2M
$93.8M
Q1 25
$60.4M
$97.7M
Q4 24
$71.4M
$91.9M
Q3 24
$67.1M
$90.7M
Q2 24
$56.5M
$89.9M
Q1 24
$69.3M
$93.2M
Net Profit
CLAR
CLAR
SAFE
SAFE
Q4 25
$-31.3M
$27.9M
Q3 25
$-1.6M
$29.3M
Q2 25
$-8.4M
$27.9M
Q1 25
$-5.2M
$29.4M
Q4 24
$-65.5M
$26.0M
Q3 24
$-3.2M
$19.3M
Q2 24
$-5.5M
$29.7M
Q1 24
$21.9M
$30.7M
Gross Margin
CLAR
CLAR
SAFE
SAFE
Q4 25
27.7%
98.6%
Q3 25
35.1%
98.5%
Q2 25
35.6%
99.1%
Q1 25
34.4%
98.8%
Q4 24
33.4%
98.8%
Q3 24
35.0%
98.8%
Q2 24
36.1%
98.8%
Q1 24
35.9%
98.8%
Operating Margin
CLAR
CLAR
SAFE
SAFE
Q4 25
-59.6%
27.4%
Q3 25
-4.4%
25.9%
Q2 25
-19.7%
25.5%
Q1 25
-11.2%
25.9%
Q4 24
-70.2%
24.6%
Q3 24
-8.0%
17.5%
Q2 24
-14.4%
26.7%
Q1 24
-9.8%
26.4%
Net Margin
CLAR
CLAR
SAFE
SAFE
Q4 25
-47.8%
28.5%
Q3 25
-2.3%
30.5%
Q2 25
-15.3%
29.8%
Q1 25
-8.7%
30.1%
Q4 24
-91.8%
28.3%
Q3 24
-4.7%
21.3%
Q2 24
-9.7%
33.0%
Q1 24
31.6%
33.0%
EPS (diluted)
CLAR
CLAR
SAFE
SAFE
Q4 25
$-0.81
$0.38
Q3 25
$-0.04
$0.41
Q2 25
$-0.22
$0.39
Q1 25
$-0.14
$0.41
Q4 24
$-1.72
$0.36
Q3 24
$-0.08
$0.27
Q2 24
$-0.14
$0.42
Q1 24
$0.57
$0.43

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$36.7M
$21.7M
Total DebtLower is stronger
$0
$4.6B
Stockholders' EquityBook value
$196.4M
$2.4B
Total Assets
$249.0M
$7.2B
Debt / EquityLower = less leverage
0.00×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
SAFE
SAFE
Q4 25
$36.7M
$21.7M
Q3 25
$29.5M
$12.1M
Q2 25
$28.5M
$13.9M
Q1 25
$41.3M
$17.3M
Q4 24
$45.4M
$8.3M
Q3 24
$36.4M
$15.6M
Q2 24
$46.2M
$13.4M
Q1 24
$47.5M
$11.3M
Total Debt
CLAR
CLAR
SAFE
SAFE
Q4 25
$0
$4.6B
Q3 25
$2.0M
$4.5B
Q2 25
$1.9M
$4.4B
Q1 25
$1.9M
$4.3B
Q4 24
$1.9M
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Q1 24
$37.0K
$4.1B
Stockholders' Equity
CLAR
CLAR
SAFE
SAFE
Q4 25
$196.4M
$2.4B
Q3 25
$225.8M
$2.4B
Q2 25
$225.1M
$2.4B
Q1 25
$229.3M
$2.4B
Q4 24
$233.1M
$2.3B
Q3 24
$308.5M
$2.3B
Q2 24
$307.3M
$2.3B
Q1 24
$310.4M
$2.3B
Total Assets
CLAR
CLAR
SAFE
SAFE
Q4 25
$249.0M
$7.2B
Q3 25
$283.1M
$7.1B
Q2 25
$286.5M
$7.1B
Q1 25
$292.8M
$6.9B
Q4 24
$294.1M
$6.9B
Q3 24
$375.3M
$6.8B
Q2 24
$369.4M
$6.8B
Q1 24
$377.0M
$6.7B
Debt / Equity
CLAR
CLAR
SAFE
SAFE
Q4 25
0.00×
1.90×
Q3 25
0.01×
1.89×
Q2 25
0.01×
1.87×
Q1 25
0.01×
1.85×
Q4 24
0.01×
1.84×
Q3 24
1.88×
Q2 24
1.81×
Q1 24
0.00×
1.81×

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
SAFE
SAFE
Operating Cash FlowLast quarter
$12.5M
$47.8M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
17.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
SAFE
SAFE
Q4 25
$12.5M
$47.8M
Q3 25
$-5.7M
$-1.4M
Q2 25
$-9.4M
$28.0M
Q1 25
$-2.1M
$8.9M
Q4 24
$16.6M
$37.9M
Q3 24
$-8.3M
$8.3M
Q2 24
$834.0K
$24.8M
Q1 24
$-16.4M
$-3.1M
Free Cash Flow
CLAR
CLAR
SAFE
SAFE
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
SAFE
SAFE
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
SAFE
SAFE
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
SAFE
SAFE
Q4 25
1.72×
Q3 25
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
1.45×
Q3 24
0.43×
Q2 24
0.83×
Q1 24
-0.75×
-0.10×

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%

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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