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Side-by-side financial comparison of Clarus Corp (CLAR) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $65.4M, roughly 1.4× Clarus Corp). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -47.8%, a 41.9% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

CLAR vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.4× larger
SHEN
$91.6M
$65.4M
CLAR
Growing faster (revenue YoY)
SHEN
SHEN
+15.6% gap
SHEN
7.2%
-8.4%
CLAR
Higher net margin
SHEN
SHEN
41.9% more per $
SHEN
-5.9%
-47.8%
CLAR
More free cash flow
CLAR
CLAR
$90.2M more FCF
CLAR
$11.6M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
SHEN
SHEN
Revenue
$65.4M
$91.6M
Net Profit
$-31.3M
$-5.4M
Gross Margin
27.7%
Operating Margin
-59.6%
-1.0%
Net Margin
-47.8%
-5.9%
Revenue YoY
-8.4%
7.2%
Net Profit YoY
52.3%
-95.8%
EPS (diluted)
$-0.81
$-0.13

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
SHEN
SHEN
Q4 25
$65.4M
$91.6M
Q3 25
$69.3M
$89.8M
Q2 25
$55.2M
$88.6M
Q1 25
$60.4M
$87.9M
Q4 24
$71.4M
$85.4M
Q3 24
$67.1M
$87.6M
Q2 24
$56.5M
$85.8M
Q1 24
$69.3M
$69.2M
Net Profit
CLAR
CLAR
SHEN
SHEN
Q4 25
$-31.3M
$-5.4M
Q3 25
$-1.6M
$-9.4M
Q2 25
$-8.4M
$-9.0M
Q1 25
$-5.2M
$-9.1M
Q4 24
$-65.5M
$-2.7M
Q3 24
$-3.2M
$-5.3M
Q2 24
$-5.5M
$-12.9M
Q1 24
$21.9M
$214.7M
Gross Margin
CLAR
CLAR
SHEN
SHEN
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
SHEN
SHEN
Q4 25
-59.6%
-1.0%
Q3 25
-4.4%
-8.0%
Q2 25
-19.7%
-10.3%
Q1 25
-11.2%
-6.9%
Q4 24
-70.2%
-6.7%
Q3 24
-8.0%
-4.8%
Q2 24
-14.4%
-18.5%
Q1 24
-9.8%
-4.0%
Net Margin
CLAR
CLAR
SHEN
SHEN
Q4 25
-47.8%
-5.9%
Q3 25
-2.3%
-10.5%
Q2 25
-15.3%
-10.2%
Q1 25
-8.7%
-10.4%
Q4 24
-91.8%
-3.2%
Q3 24
-4.7%
-6.0%
Q2 24
-9.7%
-15.0%
Q1 24
31.6%
310.0%
EPS (diluted)
CLAR
CLAR
SHEN
SHEN
Q4 25
$-0.81
$-0.13
Q3 25
$-0.04
$-0.20
Q2 25
$-0.22
$-0.19
Q1 25
$-0.14
$-0.19
Q4 24
$-1.72
$-0.34
Q3 24
$-0.08
$-0.13
Q2 24
$-0.14
$-0.24
Q1 24
$0.57
$4.25

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$36.7M
$27.3M
Total DebtLower is stronger
$0
$642.4M
Stockholders' EquityBook value
$196.4M
$880.8M
Total Assets
$249.0M
$1.9B
Debt / EquityLower = less leverage
0.00×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
SHEN
SHEN
Q4 25
$36.7M
$27.3M
Q3 25
$29.5M
$22.6M
Q2 25
$28.5M
$29.1M
Q1 25
$41.3M
$87.5M
Q4 24
$45.4M
$46.3M
Q3 24
$36.4M
$43.1M
Q2 24
$46.2M
$43.8M
Q1 24
$47.5M
$389.7M
Total Debt
CLAR
CLAR
SHEN
SHEN
Q4 25
$0
$642.4M
Q3 25
$2.0M
$535.4M
Q2 25
$1.9M
$513.1M
Q1 25
$1.9M
$515.8M
Q4 24
$1.9M
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$37.0K
$298.7M
Stockholders' Equity
CLAR
CLAR
SHEN
SHEN
Q4 25
$196.4M
$880.8M
Q3 25
$225.8M
$892.7M
Q2 25
$225.1M
$902.0M
Q1 25
$229.3M
$910.5M
Q4 24
$233.1M
$918.6M
Q3 24
$308.5M
$925.4M
Q2 24
$307.3M
$933.1M
Q1 24
$310.4M
$871.6M
Total Assets
CLAR
CLAR
SHEN
SHEN
Q4 25
$249.0M
$1.9B
Q3 25
$283.1M
$1.9B
Q2 25
$286.5M
$1.8B
Q1 25
$292.8M
$1.8B
Q4 24
$294.1M
$1.7B
Q3 24
$375.3M
$1.7B
Q2 24
$369.4M
$1.7B
Q1 24
$377.0M
$1.4B
Debt / Equity
CLAR
CLAR
SHEN
SHEN
Q4 25
0.00×
0.73×
Q3 25
0.01×
0.60×
Q2 25
0.01×
0.57×
Q1 25
0.01×
0.57×
Q4 24
0.01×
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.00×
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$12.5M
$28.8M
Free Cash FlowOCF − Capex
$11.6M
$-78.6M
FCF MarginFCF / Revenue
17.7%
-85.8%
Capex IntensityCapex / Revenue
1.4%
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
SHEN
SHEN
Q4 25
$12.5M
$28.8M
Q3 25
$-5.7M
$30.7M
Q2 25
$-9.4M
$20.9M
Q1 25
$-2.1M
$20.5M
Q4 24
$16.6M
$20.6M
Q3 24
$-8.3M
$24.3M
Q2 24
$834.0K
$2.5M
Q1 24
$-16.4M
$15.2M
Free Cash Flow
CLAR
CLAR
SHEN
SHEN
Q4 25
$11.6M
$-78.6M
Q3 25
$-7.0M
$-51.4M
Q2 25
$-11.3M
$-65.3M
Q1 25
$-3.3M
$-62.7M
Q4 24
$14.4M
$-72.0M
Q3 24
$-9.4M
$-51.3M
Q2 24
$-744.0K
$-78.3M
Q1 24
$-18.3M
$-54.9M
FCF Margin
CLAR
CLAR
SHEN
SHEN
Q4 25
17.7%
-85.8%
Q3 25
-10.0%
-57.2%
Q2 25
-20.4%
-73.7%
Q1 25
-5.4%
-71.3%
Q4 24
20.1%
-84.3%
Q3 24
-14.0%
-58.5%
Q2 24
-1.3%
-91.3%
Q1 24
-26.3%
-79.3%
Capex Intensity
CLAR
CLAR
SHEN
SHEN
Q4 25
1.4%
117.2%
Q3 25
1.8%
91.4%
Q2 25
3.4%
97.3%
Q1 25
2.0%
94.7%
Q4 24
3.1%
108.4%
Q3 24
1.6%
86.2%
Q2 24
2.8%
94.2%
Q1 24
2.7%
101.2%
Cash Conversion
CLAR
CLAR
SHEN
SHEN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.75×
0.07×

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%

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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