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Side-by-side financial comparison of Clarus Corp (CLAR) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.

Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $59.1M, roughly 1.1× SHORE BANCSHARES INC). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs -8.4%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $11.6M). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% 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.

Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.

CLAR vs SHBI — Head-to-Head

Bigger by revenue
CLAR
CLAR
1.1× larger
CLAR
$65.4M
$59.1M
SHBI
Growing faster (revenue YoY)
SHBI
SHBI
+20.2% gap
SHBI
11.8%
-8.4%
CLAR
More free cash flow
SHBI
SHBI
$47.6M more FCF
SHBI
$59.2M
$11.6M
CLAR
Faster 2-yr revenue CAGR
SHBI
SHBI
Annualised
SHBI
11.3%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
SHBI
SHBI
Revenue
$65.4M
$59.1M
Net Profit
$-31.3M
Gross Margin
27.7%
Operating Margin
-59.6%
35.2%
Net Margin
-47.8%
Revenue YoY
-8.4%
11.8%
Net Profit YoY
52.3%
EPS (diluted)
$-0.81
$0.48

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
SHBI
SHBI
Q4 25
$65.4M
$59.1M
Q3 25
$69.3M
$56.4M
Q2 25
$55.2M
$56.6M
Q1 25
$60.4M
$53.0M
Q4 24
$71.4M
$52.9M
Q3 24
$67.1M
$50.5M
Q2 24
$56.5M
$50.6M
Q1 24
$69.3M
$47.7M
Net Profit
CLAR
CLAR
SHBI
SHBI
Q4 25
$-31.3M
Q3 25
$-1.6M
$14.3M
Q2 25
$-8.4M
$15.5M
Q1 25
$-5.2M
$13.8M
Q4 24
$-65.5M
Q3 24
$-3.2M
$11.2M
Q2 24
$-5.5M
$11.2M
Q1 24
$21.9M
$8.2M
Gross Margin
CLAR
CLAR
SHBI
SHBI
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
SHBI
SHBI
Q4 25
-59.6%
35.2%
Q3 25
-4.4%
33.7%
Q2 25
-19.7%
36.5%
Q1 25
-11.2%
34.4%
Q4 24
-70.2%
34.3%
Q3 24
-8.0%
29.6%
Q2 24
-14.4%
29.7%
Q1 24
-9.8%
22.2%
Net Margin
CLAR
CLAR
SHBI
SHBI
Q4 25
-47.8%
Q3 25
-2.3%
25.5%
Q2 25
-15.3%
27.4%
Q1 25
-8.7%
26.0%
Q4 24
-91.8%
Q3 24
-4.7%
22.1%
Q2 24
-9.7%
22.2%
Q1 24
31.6%
17.2%
EPS (diluted)
CLAR
CLAR
SHBI
SHBI
Q4 25
$-0.81
$0.48
Q3 25
$-0.04
$0.43
Q2 25
$-0.22
$0.46
Q1 25
$-0.14
$0.41
Q4 24
$-1.72
$0.39
Q3 24
$-0.08
$0.34
Q2 24
$-0.14
$0.34
Q1 24
$0.57
$0.25

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
SHBI
SHBI
Cash + ST InvestmentsLiquidity on hand
$36.7M
$355.6M
Total DebtLower is stronger
$0
$89.1M
Stockholders' EquityBook value
$196.4M
$589.9M
Total Assets
$249.0M
$6.3B
Debt / EquityLower = less leverage
0.00×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
SHBI
SHBI
Q4 25
$36.7M
$355.6M
Q3 25
$29.5M
$416.5M
Q2 25
$28.5M
$185.0M
Q1 25
$41.3M
$389.0M
Q4 24
$45.4M
$459.9M
Q3 24
$36.4M
$183.6M
Q2 24
$46.2M
$138.9M
Q1 24
$47.5M
$114.6M
Total Debt
CLAR
CLAR
SHBI
SHBI
Q4 25
$0
$89.1M
Q3 25
$2.0M
$74.5M
Q2 25
$1.9M
$74.2M
Q1 25
$1.9M
$74.0M
Q4 24
$1.9M
$73.7M
Q3 24
$123.5M
Q2 24
$122.8M
Q1 24
$37.0K
$72.6M
Stockholders' Equity
CLAR
CLAR
SHBI
SHBI
Q4 25
$196.4M
$589.9M
Q3 25
$225.8M
$577.2M
Q2 25
$225.1M
$565.2M
Q1 25
$229.3M
$552.5M
Q4 24
$233.1M
$541.1M
Q3 24
$308.5M
$533.3M
Q2 24
$307.3M
$522.8M
Q1 24
$310.4M
$515.2M
Total Assets
CLAR
CLAR
SHBI
SHBI
Q4 25
$249.0M
$6.3B
Q3 25
$283.1M
$6.3B
Q2 25
$286.5M
$6.0B
Q1 25
$292.8M
$6.2B
Q4 24
$294.1M
$6.2B
Q3 24
$375.3M
$5.9B
Q2 24
$369.4M
$5.9B
Q1 24
$377.0M
$5.8B
Debt / Equity
CLAR
CLAR
SHBI
SHBI
Q4 25
0.00×
0.15×
Q3 25
0.01×
0.13×
Q2 25
0.01×
0.13×
Q1 25
0.01×
0.13×
Q4 24
0.01×
0.14×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.00×
0.14×

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
SHBI
SHBI
Operating Cash FlowLast quarter
$12.5M
$62.4M
Free Cash FlowOCF − Capex
$11.6M
$59.2M
FCF MarginFCF / Revenue
17.7%
100.2%
Capex IntensityCapex / Revenue
1.4%
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$110.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
SHBI
SHBI
Q4 25
$12.5M
$62.4M
Q3 25
$-5.7M
$42.5M
Q2 25
$-9.4M
$-8.3M
Q1 25
$-2.1M
$19.8M
Q4 24
$16.6M
$46.9M
Q3 24
$-8.3M
$9.1M
Q2 24
$834.0K
$3.0M
Q1 24
$-16.4M
$2.4M
Free Cash Flow
CLAR
CLAR
SHBI
SHBI
Q4 25
$11.6M
$59.2M
Q3 25
$-7.0M
$41.9M
Q2 25
$-11.3M
$-9.2M
Q1 25
$-3.3M
$18.8M
Q4 24
$14.4M
$41.7M
Q3 24
$-9.4M
$8.4M
Q2 24
$-744.0K
$1.4M
Q1 24
$-18.3M
$614.0K
FCF Margin
CLAR
CLAR
SHBI
SHBI
Q4 25
17.7%
100.2%
Q3 25
-10.0%
74.3%
Q2 25
-20.4%
-16.3%
Q1 25
-5.4%
35.4%
Q4 24
20.1%
78.8%
Q3 24
-14.0%
16.7%
Q2 24
-1.3%
2.9%
Q1 24
-26.3%
1.3%
Capex Intensity
CLAR
CLAR
SHBI
SHBI
Q4 25
1.4%
5.4%
Q3 25
1.8%
1.0%
Q2 25
3.4%
1.6%
Q1 25
2.0%
1.9%
Q4 24
3.1%
9.9%
Q3 24
1.6%
1.2%
Q2 24
2.8%
3.1%
Q1 24
2.7%
3.7%
Cash Conversion
CLAR
CLAR
SHBI
SHBI
Q4 25
Q3 25
2.96×
Q2 25
-0.54×
Q1 25
1.44×
Q4 24
Q3 24
0.81×
Q2 24
0.27×
Q1 24
-0.75×
0.29×

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%

SHBI
SHBI

Segment breakdown not available.

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