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

Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $3.7M, roughly 144.1× ClearSign Technologies Corp). Ralliant Corp runs the higher net margin — 7.5% vs -8.5%, a 16.0% gap on every dollar of revenue. On growth, ClearSign Technologies Corp posted the faster year-over-year revenue change (522.2% vs -0.5%).

CLIR vs RAL — Head-to-Head

Bigger by revenue
RAL
RAL
144.1× larger
RAL
$529.1M
$3.7M
CLIR
Growing faster (revenue YoY)
CLIR
CLIR
+522.7% gap
CLIR
522.2%
-0.5%
RAL
Higher net margin
RAL
RAL
16.0% more per $
RAL
7.5%
-8.5%
CLIR

Income Statement — Q4 2025 vs Q3 2025

Metric
CLIR
CLIR
RAL
RAL
Revenue
$3.7M
$529.1M
Net Profit
$-311.0K
$39.9M
Gross Margin
21.9%
50.8%
Operating Margin
-22.5%
9.8%
Net Margin
-8.5%
7.5%
Revenue YoY
522.2%
-0.5%
Net Profit YoY
73.3%
-56.1%
EPS (diluted)
$-0.06
$0.35

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
RAL
RAL
Q4 25
$3.7M
Q3 25
$1.0M
$529.1M
Q2 25
$133.0K
$503.3M
Q1 25
$401.0K
Q4 24
$590.0K
Q3 24
$1.9M
$531.7M
Q2 24
$45.0K
$533.7M
Q1 24
$1.1M
Net Profit
CLIR
CLIR
RAL
RAL
Q4 25
$-311.0K
Q3 25
$-1.4M
$39.9M
Q2 25
$-1.7M
$47.6M
Q1 25
$-2.1M
Q4 24
$-1.2M
Q3 24
$-1.2M
$90.9M
Q2 24
$-1.9M
$64.8M
Q1 24
$-1.1M
Gross Margin
CLIR
CLIR
RAL
RAL
Q4 25
21.9%
Q3 25
35.8%
50.8%
Q2 25
41.4%
49.3%
Q1 25
48.9%
Q4 24
14.9%
Q3 24
29.6%
52.6%
Q2 24
93.3%
51.5%
Q1 24
39.7%
Operating Margin
CLIR
CLIR
RAL
RAL
Q4 25
-22.5%
Q3 25
-170.1%
9.8%
Q2 25
-1382.0%
11.7%
Q1 25
-562.8%
Q4 24
-282.4%
Q3 24
-77.1%
20.9%
Q2 24
-4748.9%
19.7%
Q1 24
-113.6%
Net Margin
CLIR
CLIR
RAL
RAL
Q4 25
-8.5%
Q3 25
-138.9%
7.5%
Q2 25
-1263.2%
9.5%
Q1 25
-517.7%
Q4 24
-197.3%
Q3 24
-62.1%
17.1%
Q2 24
-4160.0%
12.1%
Q1 24
-100.5%
EPS (diluted)
CLIR
CLIR
RAL
RAL
Q4 25
$-0.06
Q3 25
$-0.26
$0.35
Q2 25
$-0.30
$0.42
Q1 25
$-0.37
Q4 24
$-0.18
Q3 24
$-0.20
$0.81
Q2 24
$-0.40
$0.57
Q1 24
$-0.30

Balance Sheet & Financial Strength

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

Metric
CLIR
CLIR
RAL
RAL
Cash + ST InvestmentsLiquidity on hand
$9.2M
$264.2M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$9.5M
$3.0B
Total Assets
$12.2M
$5.3B
Debt / EquityLower = less leverage
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLIR
CLIR
RAL
RAL
Q4 25
$9.2M
Q3 25
$10.5M
$264.2M
Q2 25
$12.3M
$198.6M
Q1 25
$12.9M
Q4 24
$14.0M
Q3 24
$14.5M
Q2 24
$16.0M
Q1 24
$4.6M
Total Debt
CLIR
CLIR
RAL
RAL
Q4 25
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CLIR
CLIR
RAL
RAL
Q4 25
$9.5M
Q3 25
$9.1M
$3.0B
Q2 25
$10.4M
$3.0B
Q1 25
$12.0M
Q4 24
$13.8M
Q3 24
$14.8M
$4.0B
Q2 24
$15.9M
$4.0B
Q1 24
$4.5M
Total Assets
CLIR
CLIR
RAL
RAL
Q4 25
$12.2M
Q3 25
$12.7M
$5.3B
Q2 25
$14.2M
$5.2B
Q1 25
$14.5M
Q4 24
$16.3M
Q3 24
$17.1M
Q2 24
$17.8M
Q1 24
$6.6M
Debt / Equity
CLIR
CLIR
RAL
RAL
Q4 25
Q3 25
0.39×
Q2 25
0.38×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
RAL
RAL
Operating Cash FlowLast quarter
$-1.3M
$138.6M
Free Cash FlowOCF − Capex
$126.6M
FCF MarginFCF / Revenue
23.9%
Capex IntensityCapex / Revenue
0.0%
2.3%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLIR
CLIR
RAL
RAL
Q4 25
$-1.3M
Q3 25
$-1.8M
$138.6M
Q2 25
$-511.0K
Q1 25
$-1.1M
Q4 24
$-415.0K
Q3 24
$-1.4M
Q2 24
$-1.5M
Q1 24
$-1.0M
Free Cash Flow
CLIR
CLIR
RAL
RAL
Q4 25
Q3 25
$126.6M
Q2 25
Q1 25
$-1.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CLIR
CLIR
RAL
RAL
Q4 25
Q3 25
23.9%
Q2 25
Q1 25
-278.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CLIR
CLIR
RAL
RAL
Q4 25
0.0%
Q3 25
0.0%
2.3%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CLIR
CLIR
RAL
RAL
Q4 25
Q3 25
3.47×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLIR
CLIR

Segment breakdown not available.

RAL
RAL

Industrial Manufacturing$111.1M21%
Defense And Space$93.6M18%
Diversified Electronics$91.0M17%
Test And Measurement$76.8M15%
Communications$60.7M11%
Semiconductors$51.4M10%
Other Direct End Markets$44.4M8%

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