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Side-by-side financial comparison of Claritev Corp (CTEV) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). Click either name above to swap in a different company.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is the larger business by last-quarter revenue ($331.3M vs $246.6M, roughly 1.3× Claritev Corp). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. runs the higher net margin — 0.0% vs -32.7%, a 32.7% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs 2.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $8.7M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs -5.4%).

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

CTEV vs SPWH — Head-to-Head

Bigger by revenue
SPWH
SPWH
1.3× larger
SPWH
$331.3M
$246.6M
CTEV
Growing faster (revenue YoY)
CTEV
CTEV
+4.0% gap
CTEV
6.2%
2.2%
SPWH
Higher net margin
SPWH
SPWH
32.7% more per $
SPWH
0.0%
-32.7%
CTEV
More free cash flow
CTEV
CTEV
$27.6M more FCF
CTEV
$36.4M
$8.7M
SPWH
Faster 2-yr revenue CAGR
CTEV
CTEV
Annualised
CTEV
2.5%
-5.4%
SPWH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CTEV
CTEV
SPWH
SPWH
Revenue
$246.6M
$331.3M
Net Profit
$-80.6M
$8.0K
Gross Margin
32.8%
Operating Margin
-3.1%
1.3%
Net Margin
-32.7%
0.0%
Revenue YoY
6.2%
2.2%
Net Profit YoY
41.6%
-97.8%
EPS (diluted)
$-4.88
$0.00

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
CTEV
CTEV
SPWH
SPWH
Q4 25
$246.6M
$331.3M
Q3 25
$246.0M
$293.9M
Q2 25
$241.6M
$249.1M
Q1 25
$231.3M
$340.4M
Q4 24
$232.1M
$324.3M
Q3 24
$230.5M
$288.7M
Q2 24
$233.5M
$244.2M
Q1 24
$234.5M
$370.4M
Net Profit
CTEV
CTEV
SPWH
SPWH
Q4 25
$-80.6M
$8.0K
Q3 25
$-69.8M
$-7.1M
Q2 25
$-62.6M
$-21.3M
Q1 25
$-71.3M
$-8.7M
Q4 24
$-138.0M
$-364.0K
Q3 24
$-391.4M
$-5.9M
Q2 24
$-576.7M
$-18.1M
Q1 24
$-539.7M
$-8.7M
Gross Margin
CTEV
CTEV
SPWH
SPWH
Q4 25
32.8%
Q3 25
32.0%
Q2 25
30.4%
Q1 25
30.4%
Q4 24
31.8%
Q3 24
31.2%
Q2 24
30.2%
Q1 24
26.8%
Operating Margin
CTEV
CTEV
SPWH
SPWH
Q4 25
-3.1%
1.3%
Q3 25
4.1%
-1.1%
Q2 25
6.9%
-7.9%
Q1 25
4.2%
1.1%
Q4 24
-17.8%
1.0%
Q3 24
-146.7%
-1.5%
Q2 24
-224.4%
-8.4%
Q1 24
-207.4%
-2.1%
Net Margin
CTEV
CTEV
SPWH
SPWH
Q4 25
-32.7%
0.0%
Q3 25
-28.4%
-2.4%
Q2 25
-25.9%
-8.5%
Q1 25
-30.8%
-2.6%
Q4 24
-59.4%
-0.1%
Q3 24
-169.8%
-2.0%
Q2 24
-247.0%
-7.4%
Q1 24
-230.1%
-2.4%
EPS (diluted)
CTEV
CTEV
SPWH
SPWH
Q4 25
$-4.88
$0.00
Q3 25
$-4.23
$-0.18
Q2 25
$-3.81
$-0.56
Q1 25
$-4.38
$-0.22
Q4 24
$-8.49
$-0.01
Q3 24
$-24.25
$-0.16
Q2 24
$-35.78
$-0.48
Q1 24
$-33.40
$-0.22

Balance Sheet & Financial Strength

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

Metric
CTEV
CTEV
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$16.8M
$2.2M
Total DebtLower is stronger
$4.6B
$44.0M
Stockholders' EquityBook value
$-173.9M
$209.5M
Total Assets
$4.9B
$913.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTEV
CTEV
SPWH
SPWH
Q4 25
$16.8M
$2.2M
Q3 25
$39.2M
$1.8M
Q2 25
$56.4M
$3.6M
Q1 25
$23.1M
$2.8M
Q4 24
$16.8M
$2.7M
Q3 24
$86.6M
$2.6M
Q2 24
$48.8M
$2.2M
Q1 24
$58.7M
$3.1M
Total Debt
CTEV
CTEV
SPWH
SPWH
Q4 25
$4.6B
$44.0M
Q3 25
$4.5B
$43.9M
Q2 25
$4.5B
$24.1M
Q1 25
$4.5B
$24.1M
Q4 24
$4.5B
$24.0M
Q3 24
$4.5B
$24.0M
Q2 24
$4.5B
Q1 24
$4.5B
Stockholders' Equity
CTEV
CTEV
SPWH
SPWH
Q4 25
$-173.9M
$209.5M
Q3 25
$-101.8M
$208.9M
Q2 25
$-39.9M
$215.1M
Q1 25
$14.8M
$235.7M
Q4 24
$84.0M
$243.6M
Q3 24
$207.6M
$243.0M
Q2 24
$603.4M
$247.5M
Q1 24
$1.2B
$264.6M
Total Assets
CTEV
CTEV
SPWH
SPWH
Q4 25
$4.9B
$913.9M
Q3 25
$5.0B
$948.9M
Q2 25
$5.1B
$929.7M
Q1 25
$5.1B
$852.1M
Q4 24
$5.2B
$967.7M
Q3 24
$5.3B
$901.9M
Q2 24
$5.7B
$930.4M
Q1 24
$6.4B
$886.2M
Debt / Equity
CTEV
CTEV
SPWH
SPWH
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.11×
Q1 25
304.87×
0.10×
Q4 24
53.67×
0.10×
Q3 24
21.73×
0.10×
Q2 24
7.48×
Q1 24
3.85×

Cash Flow & Capital Efficiency

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

Metric
CTEV
CTEV
SPWH
SPWH
Operating Cash FlowLast quarter
$66.3M
$16.3M
Free Cash FlowOCF − Capex
$36.4M
$8.7M
FCF MarginFCF / Revenue
14.8%
2.6%
Capex IntensityCapex / Revenue
12.1%
2.3%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTEV
CTEV
SPWH
SPWH
Q4 25
$66.3M
$16.3M
Q3 25
$19.9M
$-26.6M
Q2 25
$61.2M
$-60.2M
Q1 25
$-30.1M
$52.8M
Q4 24
$-33.4M
$-2.5M
Q3 24
$72.8M
$18.5M
Q2 24
$18.5M
$-34.6M
Q1 24
$49.7M
$68.9M
Free Cash Flow
CTEV
CTEV
SPWH
SPWH
Q4 25
$36.4M
$8.7M
Q3 25
$-16.3M
$-33.9M
Q2 25
$36.6M
$-64.0M
Q1 25
$-68.9M
$49.6M
Q4 24
$-63.8M
$-6.2M
Q3 24
$41.1M
$14.1M
Q2 24
$-7.0M
$-38.0M
Q1 24
$19.2M
$60.2M
FCF Margin
CTEV
CTEV
SPWH
SPWH
Q4 25
14.8%
2.6%
Q3 25
-6.6%
-11.5%
Q2 25
15.2%
-25.7%
Q1 25
-29.8%
14.6%
Q4 24
-27.5%
-1.9%
Q3 24
17.8%
4.9%
Q2 24
-3.0%
-15.5%
Q1 24
8.2%
16.2%
Capex Intensity
CTEV
CTEV
SPWH
SPWH
Q4 25
12.1%
2.3%
Q3 25
14.7%
2.5%
Q2 25
10.2%
1.5%
Q1 25
16.8%
1.0%
Q4 24
13.1%
1.1%
Q3 24
13.8%
1.5%
Q2 24
10.9%
1.4%
Q1 24
13.0%
2.4%
Cash Conversion
CTEV
CTEV
SPWH
SPWH
Q4 25
2038.00×
Q3 25
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.

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