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Side-by-side financial comparison of ClearSign Technologies Corp (CLIR) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.7M, roughly 1.1× ClearSign Technologies Corp). ClearSign Technologies Corp runs the higher net margin — -8.5% vs -188.3%, a 179.8% gap on every dollar of revenue. On growth, ClearSign Technologies Corp posted the faster year-over-year revenue change (522.2% vs -52.5%). Over the past eight quarters, ClearSign Technologies Corp's revenue compounded faster (82.5% CAGR vs -57.6%).

ClearSign Technologies Corporation (ClearSign) is a United States-based company that develops emission-control technology.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

CLIR vs CWD — Head-to-Head

Bigger by revenue
CWD
CWD
1.1× larger
CWD
$4.1M
$3.7M
CLIR
Growing faster (revenue YoY)
CLIR
CLIR
+574.7% gap
CLIR
522.2%
-52.5%
CWD
Higher net margin
CLIR
CLIR
179.8% more per $
CLIR
-8.5%
-188.3%
CWD
Faster 2-yr revenue CAGR
CLIR
CLIR
Annualised
CLIR
82.5%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLIR
CLIR
CWD
CWD
Revenue
$3.7M
$4.1M
Net Profit
$-311.0K
$-7.7M
Gross Margin
21.9%
Operating Margin
-22.5%
-196.6%
Net Margin
-8.5%
-188.3%
Revenue YoY
522.2%
-52.5%
Net Profit YoY
73.3%
32.2%
EPS (diluted)
$-0.06
$1.95

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
CLIR
CLIR
CWD
CWD
Q4 25
$3.7M
$4.1M
Q3 25
$1.0M
$3.6M
Q2 25
$133.0K
$5.1M
Q1 25
$401.0K
$7.3M
Q4 24
$590.0K
$8.7M
Q3 24
$1.9M
$11.3M
Q2 24
$45.0K
$8.2M
Q1 24
$1.1M
$23.0M
Net Profit
CLIR
CLIR
CWD
CWD
Q4 25
$-311.0K
$-7.7M
Q3 25
$-1.4M
$-4.4M
Q2 25
$-1.7M
$-5.3M
Q1 25
$-2.1M
$-4.4M
Q4 24
$-1.2M
$-11.4M
Q3 24
$-1.2M
$146.0K
Q2 24
$-1.9M
$-4.7M
Q1 24
$-1.1M
$-3.8M
Gross Margin
CLIR
CLIR
CWD
CWD
Q4 25
21.9%
Q3 25
35.8%
Q2 25
41.4%
Q1 25
48.9%
Q4 24
14.9%
Q3 24
29.6%
Q2 24
93.3%
Q1 24
39.7%
Operating Margin
CLIR
CLIR
CWD
CWD
Q4 25
-22.5%
-196.6%
Q3 25
-170.1%
-129.6%
Q2 25
-1382.0%
-112.4%
Q1 25
-562.8%
-62.7%
Q4 24
-282.4%
-236.8%
Q3 24
-77.1%
0.0%
Q2 24
-4748.9%
-65.0%
Q1 24
-113.6%
-22.9%
Net Margin
CLIR
CLIR
CWD
CWD
Q4 25
-8.5%
-188.3%
Q3 25
-138.9%
-120.2%
Q2 25
-1263.2%
-104.5%
Q1 25
-517.7%
-60.7%
Q4 24
-197.3%
-247.6%
Q3 24
-62.1%
1.3%
Q2 24
-4160.0%
-57.8%
Q1 24
-100.5%
-16.6%
EPS (diluted)
CLIR
CLIR
CWD
CWD
Q4 25
$-0.06
$1.95
Q3 25
$-0.26
$-1.65
Q2 25
$-0.30
$-4.15
Q1 25
$-0.37
$-3.85
Q4 24
$-0.18
$-10.15
Q3 24
$-0.20
$0.12
Q2 24
$-0.40
$-4.34
Q1 24
$-0.30
$-3.53

Balance Sheet & Financial Strength

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

Metric
CLIR
CLIR
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$9.2M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.5M
$1.3M
Total Assets
$12.2M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLIR
CLIR
CWD
CWD
Q4 25
$9.2M
$2.9M
Q3 25
$10.5M
$10.9M
Q2 25
$12.3M
$683.0K
Q1 25
$12.9M
$1.6M
Q4 24
$14.0M
$2.3M
Q3 24
$14.5M
$1.6M
Q2 24
$16.0M
$1.8M
Q1 24
$4.6M
$2.1M
Stockholders' Equity
CLIR
CLIR
CWD
CWD
Q4 25
$9.5M
$1.3M
Q3 25
$9.1M
$4.2M
Q2 25
$10.4M
$-19.9M
Q1 25
$12.0M
$-15.8M
Q4 24
$13.8M
$-12.6M
Q3 24
$14.8M
$-3.8M
Q2 24
$15.9M
$-4.7M
Q1 24
$4.5M
$-745.0K
Total Assets
CLIR
CLIR
CWD
CWD
Q4 25
$12.2M
$135.4M
Q3 25
$12.7M
$82.6M
Q2 25
$14.2M
$59.3M
Q1 25
$14.5M
$103.6M
Q4 24
$16.3M
$105.5M
Q3 24
$17.1M
$158.6M
Q2 24
$17.8M
$195.2M
Q1 24
$6.6M
$201.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLIR
CLIR
CWD
CWD
Operating Cash FlowLast quarter
$-1.3M
$-12.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLIR
CLIR
CWD
CWD
Q4 25
$-1.3M
$-12.1M
Q3 25
$-1.8M
$-4.6M
Q2 25
$-511.0K
$-1.2M
Q1 25
$-1.1M
$-1.7M
Q4 24
$-415.0K
$555.0K
Q3 24
$-1.4M
$-74.0K
Q2 24
$-1.5M
$1.4M
Q1 24
$-1.0M
$-1.5M
Free Cash Flow
CLIR
CLIR
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
$-1.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CLIR
CLIR
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
-278.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CLIR
CLIR
CWD
CWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CLIR
CLIR
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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