vs
Side-by-side financial comparison of Clarus Corp (CLAR) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $51.6M, roughly 1.3× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -47.8%, a 115.1% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -8.4%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $11.6M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
CLAR vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $51.6M |
| Net Profit | $-31.3M | $34.8M |
| Gross Margin | 27.7% | — |
| Operating Margin | -59.6% | 97.0% |
| Net Margin | -47.8% | 67.3% |
| Revenue YoY | -8.4% | 32.8% |
| Net Profit YoY | 52.3% | 67.0% |
| EPS (diluted) | $-0.81 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $69.3M | $49.1M | ||
| Q2 25 | $55.2M | $47.6M | ||
| Q1 25 | $60.4M | $37.5M | ||
| Q4 24 | $71.4M | $38.9M | ||
| Q3 24 | $67.1M | $35.1M | ||
| Q2 24 | $56.5M | $32.4M | ||
| Q1 24 | $69.3M | $29.5M |
| Q4 25 | $-31.3M | $34.8M | ||
| Q3 25 | $-1.6M | $25.4M | ||
| Q2 25 | $-8.4M | $26.0M | ||
| Q1 25 | $-5.2M | $18.9M | ||
| Q4 24 | $-65.5M | $20.8M | ||
| Q3 24 | $-3.2M | $15.8M | ||
| Q2 24 | $-5.5M | $14.8M | ||
| Q1 24 | $21.9M | $17.3M |
| 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% | — |
| Q4 25 | -59.6% | 97.0% | ||
| Q3 25 | -4.4% | 72.1% | ||
| Q2 25 | -19.7% | 71.3% | ||
| Q1 25 | -11.2% | 71.7% | ||
| Q4 24 | -70.2% | 82.5% | ||
| Q3 24 | -8.0% | 60.6% | ||
| Q2 24 | -14.4% | 61.3% | ||
| Q1 24 | -9.8% | 78.8% |
| Q4 25 | -47.8% | 67.3% | ||
| Q3 25 | -2.3% | 51.7% | ||
| Q2 25 | -15.3% | 54.6% | ||
| Q1 25 | -8.7% | 50.4% | ||
| Q4 24 | -91.8% | 53.5% | ||
| Q3 24 | -4.7% | 45.1% | ||
| Q2 24 | -9.7% | 45.6% | ||
| Q1 24 | 31.6% | 58.5% |
| Q4 25 | $-0.81 | $0.90 | ||
| Q3 25 | $-0.04 | $0.65 | ||
| Q2 25 | $-0.22 | $0.69 | ||
| Q1 25 | $-0.14 | $0.51 | ||
| Q4 24 | $-1.72 | $0.56 | ||
| Q3 24 | $-0.08 | $0.44 | ||
| Q2 24 | $-0.14 | $0.42 | ||
| Q1 24 | $0.57 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $672.5M |
| Total Assets | $249.0M | $7.4B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $92.1M | ||
| Q3 25 | $29.5M | $99.0M | ||
| Q2 25 | $28.5M | $79.6M | ||
| Q1 25 | $41.3M | $51.7M | ||
| Q4 24 | $45.4M | $49.9M | ||
| Q3 24 | $36.4M | $44.1M | ||
| Q2 24 | $46.2M | $47.4M | ||
| Q1 24 | $47.5M | $34.8M |
| 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 | $672.5M | ||
| Q3 25 | $225.8M | $634.3M | ||
| Q2 25 | $225.1M | $597.9M | ||
| Q1 25 | $229.3M | $563.2M | ||
| Q4 24 | $233.1M | $516.9M | ||
| Q3 24 | $308.5M | $484.6M | ||
| Q2 24 | $307.3M | $471.3M | ||
| Q1 24 | $310.4M | $452.9M |
| Q4 25 | $249.0M | $7.4B | ||
| Q3 25 | $283.1M | $7.0B | ||
| Q2 25 | $286.5M | $6.5B | ||
| Q1 25 | $292.8M | $6.0B | ||
| Q4 24 | $294.1M | $5.5B | ||
| Q3 24 | $375.3M | $5.2B | ||
| Q2 24 | $369.4M | $4.9B | ||
| Q1 24 | $377.0M | $4.6B |
| 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 | $18.2M |
| Free Cash FlowOCF − Capex | $11.6M | $17.9M |
| FCF MarginFCF / Revenue | 17.7% | 34.6% |
| Capex IntensityCapex / Revenue | 1.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $18.2M | ||
| Q3 25 | $-5.7M | $11.5M | ||
| Q2 25 | $-9.4M | $7.7M | ||
| Q1 25 | $-2.1M | $3.5M | ||
| Q4 24 | $16.6M | $37.8M | ||
| Q3 24 | $-8.3M | $-17.6M | ||
| Q2 24 | $834.0K | $11.5M | ||
| Q1 24 | $-16.4M | $10.6M |
| Q4 25 | $11.6M | $17.9M | ||
| Q3 25 | $-7.0M | $11.4M | ||
| Q2 25 | $-11.3M | $7.6M | ||
| Q1 25 | $-3.3M | $3.5M | ||
| Q4 24 | $14.4M | $37.5M | ||
| Q3 24 | $-9.4M | $-17.6M | ||
| Q2 24 | $-744.0K | $11.4M | ||
| Q1 24 | $-18.3M | $10.5M |
| Q4 25 | 17.7% | 34.6% | ||
| Q3 25 | -10.0% | 23.2% | ||
| Q2 25 | -20.4% | 15.9% | ||
| Q1 25 | -5.4% | 9.2% | ||
| Q4 24 | 20.1% | 96.4% | ||
| Q3 24 | -14.0% | -50.3% | ||
| Q2 24 | -1.3% | 35.1% | ||
| Q1 24 | -26.3% | 35.8% |
| Q4 25 | 1.4% | 0.5% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 3.4% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 3.1% | 0.7% | ||
| Q3 24 | 1.6% | 0.2% | ||
| Q2 24 | 2.8% | 0.3% | ||
| Q1 24 | 2.7% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | -0.75× | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
