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Side-by-side financial comparison of Clarus Corp (CLAR) and TELOS CORP (TLS). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $46.8M, roughly 1.4× TELOS CORP). TELOS CORP runs the higher net margin — -34.9% vs -47.8%, a 12.9% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $8.0M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
CLAR vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $46.8M |
| Net Profit | $-31.3M | $-16.3M |
| Gross Margin | 27.7% | 35.0% |
| Operating Margin | -59.6% | -39.6% |
| Net Margin | -47.8% | -34.9% |
| Revenue YoY | -8.4% | 77.4% |
| Net Profit YoY | 52.3% | -74.8% |
| EPS (diluted) | $-0.81 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $69.3M | $51.4M | ||
| Q2 25 | $55.2M | $36.0M | ||
| Q1 25 | $60.4M | $30.6M | ||
| Q4 24 | $71.4M | $26.4M | ||
| Q3 24 | $67.1M | $23.8M | ||
| Q2 24 | $56.5M | $28.5M | ||
| Q1 24 | $69.3M | $29.6M |
| Q4 25 | $-31.3M | $-16.3M | ||
| Q3 25 | $-1.6M | $-2.1M | ||
| Q2 25 | $-8.4M | $-9.5M | ||
| Q1 25 | $-5.2M | $-8.6M | ||
| Q4 24 | $-65.5M | $-9.3M | ||
| Q3 24 | $-3.2M | $-28.1M | ||
| Q2 24 | $-5.5M | $-7.8M | ||
| Q1 24 | $21.9M | $-7.4M |
| Q4 25 | 27.7% | 35.0% | ||
| Q3 25 | 35.1% | 39.9% | ||
| Q2 25 | 35.6% | 33.2% | ||
| Q1 25 | 34.4% | 39.8% | ||
| Q4 24 | 33.4% | 40.3% | ||
| Q3 24 | 35.0% | 13.2% | ||
| Q2 24 | 36.1% | 34.1% | ||
| Q1 24 | 35.9% | 37.0% |
| Q4 25 | -59.6% | -39.6% | ||
| Q3 25 | -4.4% | -4.8% | ||
| Q2 25 | -19.7% | -27.5% | ||
| Q1 25 | -11.2% | -29.5% | ||
| Q4 24 | -70.2% | -37.6% | ||
| Q3 24 | -8.0% | -121.4% | ||
| Q2 24 | -14.4% | -30.3% | ||
| Q1 24 | -9.8% | -28.5% |
| Q4 25 | -47.8% | -34.9% | ||
| Q3 25 | -2.3% | -4.1% | ||
| Q2 25 | -15.3% | -26.5% | ||
| Q1 25 | -8.7% | -28.1% | ||
| Q4 24 | -91.8% | -35.4% | ||
| Q3 24 | -4.7% | -118.0% | ||
| Q2 24 | -9.7% | -27.2% | ||
| Q1 24 | 31.6% | -24.9% |
| Q4 25 | $-0.81 | $-0.22 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $-0.22 | $-0.13 | ||
| Q1 25 | $-0.14 | $-0.12 | ||
| Q4 24 | $-1.72 | $-0.13 | ||
| Q3 24 | $-0.08 | $-0.39 | ||
| Q2 24 | $-0.14 | $-0.11 | ||
| Q1 24 | $0.57 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $96.0M |
| Total Assets | $249.0M | $139.9M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $53.2M | ||
| Q3 25 | $29.5M | $59.0M | ||
| Q2 25 | $28.5M | $57.0M | ||
| Q1 25 | $41.3M | $57.8M | ||
| Q4 24 | $45.4M | $54.6M | ||
| Q3 24 | $36.4M | $69.8M | ||
| Q2 24 | $46.2M | $80.1M | ||
| Q1 24 | $47.5M | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $225.8M | $119.7M | ||
| Q2 25 | $225.1M | $118.4M | ||
| Q1 25 | $229.3M | $126.1M | ||
| Q4 24 | $233.1M | $127.1M | ||
| Q3 24 | $308.5M | $129.5M | ||
| Q2 24 | $307.3M | $149.1M | ||
| Q1 24 | $310.4M | $154.4M |
| Q4 25 | $249.0M | $139.9M | ||
| Q3 25 | $283.1M | $164.3M | ||
| Q2 25 | $286.5M | $165.0M | ||
| Q1 25 | $292.8M | $158.1M | ||
| Q4 24 | $294.1M | $158.2M | ||
| Q3 24 | $375.3M | $166.3M | ||
| Q2 24 | $369.4M | $182.4M | ||
| Q1 24 | $377.0M | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | $11.6M | $8.0M |
| FCF MarginFCF / Revenue | 17.7% | 17.0% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $8.0M | ||
| Q3 25 | $-5.7M | $9.1M | ||
| Q2 25 | $-9.4M | $7.0M | ||
| Q1 25 | $-2.1M | $6.1M | ||
| Q4 24 | $16.6M | $-10.5M | ||
| Q3 24 | $-8.3M | $-7.1M | ||
| Q2 24 | $834.0K | $-8.0M | ||
| Q1 24 | $-16.4M | $-350.0K |
| Q4 25 | $11.6M | $8.0M | ||
| Q3 25 | $-7.0M | $8.7M | ||
| Q2 25 | $-11.3M | $6.8M | ||
| Q1 25 | $-3.3M | $6.0M | ||
| Q4 24 | $14.4M | $-12.4M | ||
| Q3 24 | $-9.4M | $-7.1M | ||
| Q2 24 | $-744.0K | $-8.2M | ||
| Q1 24 | $-18.3M | $-447.0K |
| Q4 25 | 17.7% | 17.0% | ||
| Q3 25 | -10.0% | 16.9% | ||
| Q2 25 | -20.4% | 19.0% | ||
| Q1 25 | -5.4% | 19.5% | ||
| Q4 24 | 20.1% | -47.0% | ||
| Q3 24 | -14.0% | -30.0% | ||
| Q2 24 | -1.3% | -28.9% | ||
| Q1 24 | -26.3% | -1.5% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 3.4% | 0.4% | ||
| Q1 25 | 2.0% | 0.4% | ||
| Q4 24 | 3.1% | 7.1% | ||
| Q3 24 | 1.6% | 0.2% | ||
| Q2 24 | 2.8% | 0.8% | ||
| Q1 24 | 2.7% | 0.3% |
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
