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Side-by-side financial comparison of CLARIVATE PLC (CLVT) and Gentherm Inc (THRM). Click either name above to swap in a different company.

CLARIVATE PLC is the larger business by last-quarter revenue ($585.5M vs $382.8M, roughly 1.5× Gentherm Inc). Gentherm Inc runs the higher net margin — 0.8% vs -6.9%, a 7.6% gap on every dollar of revenue. On growth, Gentherm Inc posted the faster year-over-year revenue change (8.5% vs -1.4%). CLARIVATE PLC produced more free cash flow last quarter ($78.9M vs $6.7M). Over the past eight quarters, Gentherm Inc's revenue compounded faster (3.7% CAGR vs -5.1%).

Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling for pharmacy and biotech, patents, and regulatory compliance; trademark protection, and domain and brand protection. Clarivate calculates the impact factor of scientific journals, using data from its Web of Science product family, that also includes services...

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

CLVT vs THRM — Head-to-Head

Bigger by revenue
CLVT
CLVT
1.5× larger
CLVT
$585.5M
$382.8M
THRM
Growing faster (revenue YoY)
THRM
THRM
+9.8% gap
THRM
8.5%
-1.4%
CLVT
Higher net margin
THRM
THRM
7.6% more per $
THRM
0.8%
-6.9%
CLVT
More free cash flow
CLVT
CLVT
$72.2M more FCF
CLVT
$78.9M
$6.7M
THRM
Faster 2-yr revenue CAGR
THRM
THRM
Annualised
THRM
3.7%
-5.1%
CLVT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLVT
CLVT
THRM
THRM
Revenue
$585.5M
$382.8M
Net Profit
$-40.2M
$3.0M
Gross Margin
67.2%
23.7%
Operating Margin
5.2%
4.6%
Net Margin
-6.9%
0.8%
Revenue YoY
-1.4%
8.5%
Net Profit YoY
61.3%
-80.5%
EPS (diluted)
$-0.06
$0.08

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
CLVT
CLVT
THRM
THRM
Q1 26
$585.5M
Q4 25
$617.0M
$382.8M
Q3 25
$623.1M
$386.9M
Q2 25
$621.4M
$375.1M
Q1 25
$593.7M
$353.9M
Q4 24
$663.0M
$352.9M
Q3 24
$622.2M
$371.5M
Q2 24
$650.3M
$375.7M
Net Profit
CLVT
CLVT
THRM
THRM
Q1 26
$-40.2M
Q4 25
$3.1M
$3.0M
Q3 25
$-28.3M
$14.9M
Q2 25
$-72.0M
$477.0K
Q1 25
$-103.9M
$-128.0K
Q4 24
$-191.8M
$15.3M
Q3 24
$-65.6M
$16.0M
Q2 24
$-304.3M
$18.9M
Gross Margin
CLVT
CLVT
THRM
THRM
Q1 26
67.2%
Q4 25
66.8%
23.7%
Q3 25
65.0%
24.6%
Q2 25
67.2%
23.9%
Q1 25
65.1%
24.4%
Q4 24
65.7%
24.4%
Q3 24
66.2%
25.5%
Q2 24
67.2%
25.7%
Operating Margin
CLVT
CLVT
THRM
THRM
Q1 26
5.2%
Q4 25
6.7%
4.6%
Q3 25
7.1%
6.2%
Q2 25
1.1%
6.4%
Q1 25
-3.5%
4.8%
Q4 24
-9.4%
6.7%
Q3 24
3.5%
8.7%
Q2 24
-36.9%
8.8%
Net Margin
CLVT
CLVT
THRM
THRM
Q1 26
-6.9%
Q4 25
0.5%
0.8%
Q3 25
-4.5%
3.9%
Q2 25
-11.6%
0.1%
Q1 25
-17.5%
-0.0%
Q4 24
-28.9%
4.3%
Q3 24
-10.5%
4.3%
Q2 24
-46.8%
5.0%
EPS (diluted)
CLVT
CLVT
THRM
THRM
Q1 26
$-0.06
Q4 25
$0.00
$0.08
Q3 25
$-0.04
$0.49
Q2 25
$-0.11
$0.02
Q1 25
$-0.15
$0.00
Q4 24
$-0.27
$0.48
Q3 24
$-0.09
$0.51
Q2 24
$-0.46
$0.60

Balance Sheet & Financial Strength

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

Metric
CLVT
CLVT
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$160.8M
Total DebtLower is stronger
$4.3B
$189.0M
Stockholders' EquityBook value
$4.8B
$720.3M
Total Assets
$10.9B
$1.4B
Debt / EquityLower = less leverage
0.89×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLVT
CLVT
THRM
THRM
Q1 26
Q4 25
$329.2M
$160.8M
Q3 25
$318.7M
$154.3M
Q2 25
$362.6M
$128.3M
Q1 25
$354.0M
$163.1M
Q4 24
$295.2M
$134.1M
Q3 24
$388.5M
$150.6M
Q2 24
$376.4M
$123.5M
Total Debt
CLVT
CLVT
THRM
THRM
Q1 26
$4.3B
Q4 25
$4.3B
$189.0M
Q3 25
$4.4B
$189.0M
Q2 25
$4.5B
$209.0M
Q1 25
$4.5B
$262.0M
Q4 24
$4.5B
$220.1M
Q3 24
$4.6B
$222.1M
Q2 24
$4.6B
$222.1M
Stockholders' Equity
CLVT
CLVT
THRM
THRM
Q1 26
$4.8B
Q4 25
$4.8B
$720.3M
Q3 25
$4.9B
$717.9M
Q2 25
$5.0B
$699.7M
Q1 25
$5.0B
$646.5M
Q4 24
$5.1B
$616.9M
Q3 24
$5.5B
$660.7M
Q2 24
$5.6B
$640.3M
Total Assets
CLVT
CLVT
THRM
THRM
Q1 26
$10.9B
Q4 25
$11.1B
$1.4B
Q3 25
$11.2B
$1.4B
Q2 25
$11.4B
$1.4B
Q1 25
$11.5B
$1.3B
Q4 24
$11.5B
$1.2B
Q3 24
$12.0B
$1.3B
Q2 24
$12.1B
$1.2B
Debt / Equity
CLVT
CLVT
THRM
THRM
Q1 26
0.89×
Q4 25
0.89×
0.26×
Q3 25
0.90×
0.26×
Q2 25
0.90×
0.30×
Q1 25
0.90×
0.41×
Q4 24
0.88×
0.36×
Q3 24
0.84×
0.34×
Q2 24
0.83×
0.35×

Cash Flow & Capital Efficiency

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

Metric
CLVT
CLVT
THRM
THRM
Operating Cash FlowLast quarter
$134.7M
$29.0M
Free Cash FlowOCF − Capex
$78.9M
$6.7M
FCF MarginFCF / Revenue
13.5%
1.7%
Capex IntensityCapex / Revenue
9.5%
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$333.9M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLVT
CLVT
THRM
THRM
Q1 26
$134.7M
Q4 25
$159.9M
$29.0M
Q3 25
$181.1M
$56.1M
Q2 25
$116.3M
$45.0M
Q1 25
$171.2M
$-13.3M
Q4 24
$141.3M
$36.6M
Q3 24
$202.9M
$46.3M
Q2 24
$126.2M
$37.1M
Free Cash Flow
CLVT
CLVT
THRM
THRM
Q1 26
$78.9M
Q4 25
$89.2M
$6.7M
Q3 25
$115.5M
$46.5M
Q2 25
$50.3M
$36.2M
Q1 25
$110.3M
$-28.2M
Q4 24
$59.1M
$13.6M
Q3 24
$126.3M
$26.6M
Q2 24
$60.3M
$17.8M
FCF Margin
CLVT
CLVT
THRM
THRM
Q1 26
13.5%
Q4 25
14.5%
1.7%
Q3 25
18.5%
12.0%
Q2 25
8.1%
9.6%
Q1 25
18.6%
-8.0%
Q4 24
8.9%
3.9%
Q3 24
20.3%
7.2%
Q2 24
9.3%
4.7%
Capex Intensity
CLVT
CLVT
THRM
THRM
Q1 26
9.5%
Q4 25
11.5%
5.8%
Q3 25
10.5%
2.5%
Q2 25
10.6%
2.4%
Q1 25
10.3%
4.2%
Q4 24
12.4%
6.5%
Q3 24
12.3%
5.3%
Q2 24
10.1%
5.2%
Cash Conversion
CLVT
CLVT
THRM
THRM
Q1 26
Q4 25
51.58×
9.70×
Q3 25
3.75×
Q2 25
94.43×
Q1 25
Q4 24
2.39×
Q3 24
2.90×
Q2 24
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLVT
CLVT

Subscription$397.5M68%
Re-occurring$108.6M19%
Transactional$79.4M14%

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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