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Side-by-side financial comparison of Clarus Corp (CLAR) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $36.5M, roughly 1.8× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -47.8%, a 38.9% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $7.7M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
CLAR vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $36.5M |
| Net Profit | $-31.3M | $-3.2M |
| Gross Margin | 27.7% | 38.6% |
| Operating Margin | -59.6% | -10.9% |
| Net Margin | -47.8% | -8.9% |
| Revenue YoY | -8.4% | 3.1% |
| Net Profit YoY | 52.3% | 71.6% |
| 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 | $36.5M | ||
| Q3 25 | $69.3M | $36.2M | ||
| Q2 25 | $55.2M | $38.3M | ||
| Q1 25 | $60.4M | $41.3M | ||
| Q4 24 | $71.4M | $35.4M | ||
| Q3 24 | $67.1M | $40.5M | ||
| Q2 24 | $56.5M | $48.5M | ||
| Q1 24 | $69.3M | $50.5M |
| Q4 25 | $-31.3M | $-3.2M | ||
| Q3 25 | $-1.6M | $-6.3M | ||
| Q2 25 | $-8.4M | $-10.9M | ||
| Q1 25 | $-5.2M | $-40.2M | ||
| Q4 24 | $-65.5M | $-11.4M | ||
| Q3 24 | $-3.2M | $-9.9M | ||
| Q2 24 | $-5.5M | $-4.6M | ||
| Q1 24 | $21.9M | $-7.7M |
| Q4 25 | 27.7% | 38.6% | ||
| Q3 25 | 35.1% | 26.4% | ||
| Q2 25 | 35.6% | 33.1% | ||
| Q1 25 | 34.4% | 32.8% | ||
| Q4 24 | 33.4% | 28.7% | ||
| Q3 24 | 35.0% | 33.2% | ||
| Q2 24 | 36.1% | 35.7% | ||
| Q1 24 | 35.9% | 38.5% |
| Q4 25 | -59.6% | -10.9% | ||
| Q3 25 | -4.4% | -19.4% | ||
| Q2 25 | -19.7% | -30.5% | ||
| Q1 25 | -11.2% | -99.9% | ||
| Q4 24 | -70.2% | -36.6% | ||
| Q3 24 | -8.0% | -29.0% | ||
| Q2 24 | -14.4% | -14.3% | ||
| Q1 24 | -9.8% | -20.1% |
| Q4 25 | -47.8% | -8.9% | ||
| Q3 25 | -2.3% | -17.3% | ||
| Q2 25 | -15.3% | -28.3% | ||
| Q1 25 | -8.7% | -97.2% | ||
| Q4 24 | -91.8% | -32.3% | ||
| Q3 24 | -4.7% | -24.5% | ||
| Q2 24 | -9.7% | -9.5% | ||
| Q1 24 | 31.6% | -15.2% |
| Q4 25 | $-0.81 | $-0.02 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $-0.22 | $-0.06 | ||
| Q1 25 | $-0.14 | $-0.21 | ||
| Q4 24 | $-1.72 | $-0.06 | ||
| Q3 24 | $-0.08 | $-0.05 | ||
| Q2 24 | $-0.14 | $-0.02 | ||
| Q1 24 | $0.57 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $232.1M |
| Total Assets | $249.0M | $320.9M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $104.5M | ||
| Q3 25 | $29.5M | $100.0M | ||
| Q2 25 | $28.5M | $105.0M | ||
| Q1 25 | $41.3M | $125.6M | ||
| Q4 24 | $45.4M | $142.5M | ||
| Q3 24 | $36.4M | $163.4M | ||
| Q2 24 | $46.2M | $187.4M | ||
| Q1 24 | $47.5M | $204.7M |
| Q4 25 | $0 | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
| Q4 25 | $196.4M | $232.1M | ||
| Q3 25 | $225.8M | $234.4M | ||
| Q2 25 | $225.1M | $238.8M | ||
| Q1 25 | $229.3M | $250.7M | ||
| Q4 24 | $233.1M | $289.4M | ||
| Q3 24 | $308.5M | $305.1M | ||
| Q2 24 | $307.3M | $329.4M | ||
| Q1 24 | $310.4M | $333.1M |
| Q4 25 | $249.0M | $320.9M | ||
| Q3 25 | $283.1M | $335.8M | ||
| Q2 25 | $286.5M | $354.0M | ||
| Q1 25 | $292.8M | $366.1M | ||
| Q4 24 | $294.1M | $420.2M | ||
| Q3 24 | $375.3M | $448.6M | ||
| Q2 24 | $369.4M | $475.3M | ||
| Q1 24 | $377.0M | $485.5M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | $11.6M | $7.7M |
| FCF MarginFCF / Revenue | 17.7% | 21.0% |
| Capex IntensityCapex / Revenue | 1.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $7.7M | ||
| Q3 25 | $-5.7M | $-2.1M | ||
| Q2 25 | $-9.4M | $-14.9M | ||
| Q1 25 | $-2.1M | $-12.2M | ||
| Q4 24 | $16.6M | $-12.0M | ||
| Q3 24 | $-8.3M | $-3.7M | ||
| Q2 24 | $834.0K | $-13.9M | ||
| Q1 24 | $-16.4M | $-3.3M |
| Q4 25 | $11.6M | $7.7M | ||
| Q3 25 | $-7.0M | $-2.2M | ||
| Q2 25 | $-11.3M | $-16.2M | ||
| Q1 25 | $-3.3M | $-14.3M | ||
| Q4 24 | $14.4M | $-13.3M | ||
| Q3 24 | $-9.4M | $-3.9M | ||
| Q2 24 | $-744.0K | $-14.1M | ||
| Q1 24 | $-18.3M | $-3.4M |
| Q4 25 | 17.7% | 21.0% | ||
| Q3 25 | -10.0% | -6.1% | ||
| Q2 25 | -20.4% | -42.3% | ||
| Q1 25 | -5.4% | -34.7% | ||
| Q4 24 | 20.1% | -37.5% | ||
| Q3 24 | -14.0% | -9.7% | ||
| Q2 24 | -1.3% | -29.1% | ||
| Q1 24 | -26.3% | -6.7% |
| Q4 25 | 1.4% | 0.0% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 2.0% | 5.3% | ||
| Q4 24 | 3.1% | 3.5% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 2.8% | 0.5% | ||
| Q1 24 | 2.7% | 0.1% |
| 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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
