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Side-by-side financial comparison of Clarus Corp (CLAR) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $65.4M, roughly 1.9× Clarus Corp). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -47.8%, a 49.3% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -8.4%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $11.6M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CLAR vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $124.7M |
| Net Profit | $-31.3M | $1.9M |
| Gross Margin | 27.7% | 24.3% |
| Operating Margin | -59.6% | 3.3% |
| Net Margin | -47.8% | 1.5% |
| Revenue YoY | -8.4% | -3.9% |
| Net Profit YoY | 52.3% | -53.6% |
| EPS (diluted) | $-0.81 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $69.3M | $85.1M | ||
| Q2 25 | $55.2M | $140.8M | ||
| Q1 25 | $60.4M | $115.9M | ||
| Q4 24 | $71.4M | $129.7M | ||
| Q3 24 | $67.1M | $88.3M | ||
| Q2 24 | $56.5M | $159.1M | ||
| Q1 24 | $69.3M | $137.5M |
| Q4 25 | $-31.3M | $1.9M | ||
| Q3 25 | $-1.6M | $-3.4M | ||
| Q2 25 | $-8.4M | $8.6M | ||
| Q1 25 | $-5.2M | $2.1M | ||
| Q4 24 | $-65.5M | $4.5M | ||
| Q3 24 | $-3.2M | $-1.9M | ||
| Q2 24 | $-5.5M | $27.9M | ||
| Q1 24 | $21.9M | $7.9M |
| Q4 25 | 27.7% | 24.3% | ||
| Q3 25 | 35.1% | 25.9% | ||
| Q2 25 | 35.6% | 28.8% | ||
| Q1 25 | 34.4% | 24.1% | ||
| Q4 24 | 33.4% | 26.6% | ||
| Q3 24 | 35.0% | 27.4% | ||
| Q2 24 | 36.1% | 35.5% | ||
| Q1 24 | 35.9% | 28.7% |
| Q4 25 | -59.6% | 3.3% | ||
| Q3 25 | -4.4% | -3.5% | ||
| Q2 25 | -19.7% | 9.3% | ||
| Q1 25 | -11.2% | 4.1% | ||
| Q4 24 | -70.2% | 5.8% | ||
| Q3 24 | -8.0% | -1.7% | ||
| Q2 24 | -14.4% | 17.4% | ||
| Q1 24 | -9.8% | 8.2% |
| Q4 25 | -47.8% | 1.5% | ||
| Q3 25 | -2.3% | -4.0% | ||
| Q2 25 | -15.3% | 6.1% | ||
| Q1 25 | -8.7% | 1.8% | ||
| Q4 24 | -91.8% | 3.5% | ||
| Q3 24 | -4.7% | -2.1% | ||
| Q2 24 | -9.7% | 17.5% | ||
| Q1 24 | 31.6% | 5.7% |
| Q4 25 | $-0.81 | $0.04 | ||
| Q3 25 | $-0.04 | $-0.08 | ||
| Q2 25 | $-0.22 | $0.19 | ||
| Q1 25 | $-0.14 | $0.05 | ||
| Q4 24 | $-1.72 | $0.10 | ||
| Q3 24 | $-0.08 | $-0.04 | ||
| Q2 24 | $-0.14 | $0.60 | ||
| Q1 24 | $0.57 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $363.2M |
| Total Assets | $249.0M | $548.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $22.4M | ||
| Q3 25 | $29.5M | $18.0M | ||
| Q2 25 | $28.5M | $25.2M | ||
| Q1 25 | $41.3M | $26.7M | ||
| Q4 24 | $45.4M | $39.1M | ||
| Q3 24 | $36.4M | $35.5M | ||
| Q2 24 | $46.2M | $60.8M | ||
| Q1 24 | $47.5M | $47.4M |
| 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 | $363.2M | ||
| Q3 25 | $225.8M | $364.4M | ||
| Q2 25 | $225.1M | $372.5M | ||
| Q1 25 | $229.3M | $366.9M | ||
| Q4 24 | $233.1M | $371.5M | ||
| Q3 24 | $308.5M | $380.0M | ||
| Q2 24 | $307.3M | $399.9M | ||
| Q1 24 | $310.4M | $376.4M |
| Q4 25 | $249.0M | $548.6M | ||
| Q3 25 | $283.1M | $554.6M | ||
| Q2 25 | $286.5M | $559.6M | ||
| Q1 25 | $292.8M | $578.9M | ||
| Q4 24 | $294.1M | $587.4M | ||
| Q3 24 | $375.3M | $571.3M | ||
| Q2 24 | $369.4M | $577.4M | ||
| Q1 24 | $377.0M | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $11.6M | $16.3M |
| FCF MarginFCF / Revenue | 17.7% | 13.1% |
| Capex IntensityCapex / Revenue | 1.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $27.3M | ||
| Q3 25 | $-5.7M | $-8.1M | ||
| Q2 25 | $-9.4M | $40.8M | ||
| Q1 25 | $-2.1M | $-9.8M | ||
| Q4 24 | $16.6M | $-7.4M | ||
| Q3 24 | $-8.3M | $-30.8M | ||
| Q2 24 | $834.0K | $43.7M | ||
| Q1 24 | $-16.4M | $25.2M |
| Q4 25 | $11.6M | $16.3M | ||
| Q3 25 | $-7.0M | $-12.4M | ||
| Q2 25 | $-11.3M | $33.5M | ||
| Q1 25 | $-3.3M | $-16.1M | ||
| Q4 24 | $14.4M | $-10.7M | ||
| Q3 24 | $-9.4M | $-35.5M | ||
| Q2 24 | $-744.0K | $38.2M | ||
| Q1 24 | $-18.3M | $7.0M |
| Q4 25 | 17.7% | 13.1% | ||
| Q3 25 | -10.0% | -14.6% | ||
| Q2 25 | -20.4% | 23.8% | ||
| Q1 25 | -5.4% | -13.9% | ||
| Q4 24 | 20.1% | -8.3% | ||
| Q3 24 | -14.0% | -40.2% | ||
| Q2 24 | -1.3% | 24.0% | ||
| Q1 24 | -26.3% | 5.1% |
| Q4 25 | 1.4% | 8.8% | ||
| Q3 25 | 1.8% | 5.0% | ||
| Q2 25 | 3.4% | 5.2% | ||
| Q1 25 | 2.0% | 5.4% | ||
| Q4 24 | 3.1% | 2.5% | ||
| Q3 24 | 1.6% | 5.3% | ||
| Q2 24 | 2.8% | 3.5% | ||
| Q1 24 | 2.7% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | -0.75× | 3.20× |
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% |
SWBI
Segment breakdown not available.
