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

Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $47.1M, roughly 1.4× STEM, INC.). STEM, INC. runs the higher net margin — -33.9% vs -47.8%, a 13.9% gap on every dollar of revenue. On growth, Clarus Corp posted the faster year-over-year revenue change (-8.4% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

CLAR vs STEM — Head-to-Head

Bigger by revenue
CLAR
CLAR
1.4× larger
CLAR
$65.4M
$47.1M
STEM
Growing faster (revenue YoY)
CLAR
CLAR
+7.2% gap
CLAR
-8.4%
-15.6%
STEM
Higher net margin
STEM
STEM
13.9% more per $
STEM
-33.9%
-47.8%
CLAR
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
STEM
STEM
Revenue
$65.4M
$47.1M
Net Profit
$-31.3M
$-16.0M
Gross Margin
27.7%
48.9%
Operating Margin
-59.6%
-17.7%
Net Margin
-47.8%
-33.9%
Revenue YoY
-8.4%
-15.6%
Net Profit YoY
52.3%
68.8%
EPS (diluted)
$-0.81
$-4.40

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
STEM
STEM
Q4 25
$65.4M
$47.1M
Q3 25
$69.3M
$38.2M
Q2 25
$55.2M
$38.4M
Q1 25
$60.4M
$32.5M
Q4 24
$71.4M
$55.8M
Q3 24
$67.1M
$29.3M
Q2 24
$56.5M
$34.0M
Q1 24
$69.3M
$25.5M
Net Profit
CLAR
CLAR
STEM
STEM
Q4 25
$-31.3M
$-16.0M
Q3 25
$-1.6M
$-23.8M
Q2 25
$-8.4M
$202.5M
Q1 25
$-5.2M
$-25.0M
Q4 24
$-65.5M
$-51.1M
Q3 24
$-3.2M
$-148.3M
Q2 24
$-5.5M
$-582.3M
Q1 24
$21.9M
$-72.3M
Gross Margin
CLAR
CLAR
STEM
STEM
Q4 25
27.7%
48.9%
Q3 25
35.1%
35.5%
Q2 25
35.6%
33.4%
Q1 25
34.4%
32.4%
Q4 24
33.4%
-4.4%
Q3 24
35.0%
21.2%
Q2 24
36.1%
27.6%
Q1 24
35.9%
-95.0%
Operating Margin
CLAR
CLAR
STEM
STEM
Q4 25
-59.6%
-17.7%
Q3 25
-4.4%
-33.6%
Q2 25
-19.7%
-34.8%
Q1 25
-11.2%
-65.0%
Q4 24
-70.2%
-84.4%
Q3 24
-8.0%
-493.2%
Q2 24
-14.4%
-1705.5%
Q1 24
-9.8%
-267.0%
Net Margin
CLAR
CLAR
STEM
STEM
Q4 25
-47.8%
-33.9%
Q3 25
-2.3%
-62.2%
Q2 25
-15.3%
527.8%
Q1 25
-8.7%
-76.9%
Q4 24
-91.8%
-91.6%
Q3 24
-4.7%
-506.3%
Q2 24
-9.7%
-1712.6%
Q1 24
31.6%
-283.9%
EPS (diluted)
CLAR
CLAR
STEM
STEM
Q4 25
$-0.81
$-4.40
Q3 25
$-0.04
$-2.84
Q2 25
$-0.22
$-1.79
Q1 25
$-0.14
$-0.15
Q4 24
$-1.72
$-15.29
Q3 24
$-0.08
$-18.24
Q2 24
$-0.14
$-71.81
Q1 24
$0.57
$-0.46

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$36.7M
$48.9M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$196.4M
$-249.4M
Total Assets
$249.0M
$308.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
STEM
STEM
Q4 25
$36.7M
$48.9M
Q3 25
$29.5M
$43.1M
Q2 25
$28.5M
$40.8M
Q1 25
$41.3M
$58.6M
Q4 24
$45.4M
$56.3M
Q3 24
$36.4M
$75.4M
Q2 24
$46.2M
$89.6M
Q1 24
$47.5M
$112.8M
Total Debt
CLAR
CLAR
STEM
STEM
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
Stockholders' Equity
CLAR
CLAR
STEM
STEM
Q4 25
$196.4M
$-249.4M
Q3 25
$225.8M
$-235.7M
Q2 25
$225.1M
$-214.1M
Q1 25
$229.3M
$-417.5M
Q4 24
$233.1M
$-398.4M
Q3 24
$308.5M
$-344.1M
Q2 24
$307.3M
$-203.2M
Q1 24
$310.4M
$371.6M
Total Assets
CLAR
CLAR
STEM
STEM
Q4 25
$249.0M
$308.9M
Q3 25
$283.1M
$362.6M
Q2 25
$286.5M
$379.2M
Q1 25
$292.8M
$405.1M
Q4 24
$294.1M
$437.4M
Q3 24
$375.3M
$537.8M
Q2 24
$369.4M
$691.5M
Q1 24
$377.0M
$1.3B
Debt / Equity
CLAR
CLAR
STEM
STEM
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
CLAR
CLAR
STEM
STEM
Operating Cash FlowLast quarter
$12.5M
$8.2M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
17.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
STEM
STEM
Q4 25
$12.5M
$8.2M
Q3 25
$-5.7M
$11.4M
Q2 25
$-9.4M
$-21.3M
Q1 25
$-2.1M
$8.5M
Q4 24
$16.6M
$-14.7M
Q3 24
$-8.3M
$-9.4M
Q2 24
$834.0K
$-11.9M
Q1 24
$-16.4M
$-621.0K
Free Cash Flow
CLAR
CLAR
STEM
STEM
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
STEM
STEM
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
STEM
STEM
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
STEM
STEM
Q4 25
Q3 25
Q2 25
-0.11×
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
CLAR

Other$37.1M57%
Outdoor Segment$25.3M39%
Adventure Segment$3.0M5%

STEM
STEM

Segment breakdown not available.

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