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

Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $36.2M, roughly 1.8× Valneva SE). Clarus Corp runs the higher net margin — -47.8% vs -54.1%, a 6.3% gap on every dollar of revenue.

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.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

CLAR vs VALN — Head-to-Head

Bigger by revenue
CLAR
CLAR
1.8× larger
CLAR
$65.4M
$36.2M
VALN
Higher net margin
CLAR
CLAR
6.3% more per $
CLAR
-47.8%
-54.1%
VALN

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
CLAR
CLAR
VALN
VALN
Revenue
$65.4M
$36.2M
Net Profit
$-31.3M
$-19.6M
Gross Margin
27.7%
38.9%
Operating Margin
-59.6%
-49.5%
Net Margin
-47.8%
-54.1%
Revenue YoY
-8.4%
Net Profit YoY
52.3%
EPS (diluted)
$-0.81

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
VALN
VALN
Q4 25
$65.4M
Q3 25
$69.3M
Q2 25
$55.2M
Q1 25
$60.4M
Q4 24
$71.4M
Q3 24
$67.1M
Q2 24
$56.5M
Q1 24
$69.3M
Net Profit
CLAR
CLAR
VALN
VALN
Q4 25
$-31.3M
Q3 25
$-1.6M
Q2 25
$-8.4M
Q1 25
$-5.2M
Q4 24
$-65.5M
Q3 24
$-3.2M
Q2 24
$-5.5M
Q1 24
$21.9M
Gross Margin
CLAR
CLAR
VALN
VALN
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
VALN
VALN
Q4 25
-59.6%
Q3 25
-4.4%
Q2 25
-19.7%
Q1 25
-11.2%
Q4 24
-70.2%
Q3 24
-8.0%
Q2 24
-14.4%
Q1 24
-9.8%
Net Margin
CLAR
CLAR
VALN
VALN
Q4 25
-47.8%
Q3 25
-2.3%
Q2 25
-15.3%
Q1 25
-8.7%
Q4 24
-91.8%
Q3 24
-4.7%
Q2 24
-9.7%
Q1 24
31.6%
EPS (diluted)
CLAR
CLAR
VALN
VALN
Q4 25
$-0.81
Q3 25
$-0.04
Q2 25
$-0.22
Q1 25
$-0.14
Q4 24
$-1.72
Q3 24
$-0.08
Q2 24
$-0.14
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$36.7M
$274.8M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$196.4M
$221.2M
Total Assets
$249.0M
$637.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
VALN
VALN
Q4 25
$36.7M
Q3 25
$29.5M
Q2 25
$28.5M
Q1 25
$41.3M
Q4 24
$45.4M
Q3 24
$36.4M
Q2 24
$46.2M
Q1 24
$47.5M
Total Debt
CLAR
CLAR
VALN
VALN
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
VALN
VALN
Q4 25
$196.4M
Q3 25
$225.8M
Q2 25
$225.1M
Q1 25
$229.3M
Q4 24
$233.1M
Q3 24
$308.5M
Q2 24
$307.3M
Q1 24
$310.4M
Total Assets
CLAR
CLAR
VALN
VALN
Q4 25
$249.0M
Q3 25
$283.1M
Q2 25
$286.5M
Q1 25
$292.8M
Q4 24
$294.1M
Q3 24
$375.3M
Q2 24
$369.4M
Q1 24
$377.0M
Debt / Equity
CLAR
CLAR
VALN
VALN
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
VALN
VALN
Operating Cash FlowLast quarter
$12.5M
$-26.3M
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
VALN
VALN
Q4 25
$12.5M
Q3 25
$-5.7M
Q2 25
$-9.4M
Q1 25
$-2.1M
Q4 24
$16.6M
Q3 24
$-8.3M
Q2 24
$834.0K
Q1 24
$-16.4M
Free Cash Flow
CLAR
CLAR
VALN
VALN
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
VALN
VALN
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
VALN
VALN
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
VALN
VALN
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
CLAR

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

VALN
VALN

Segment breakdown not available.

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