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Side-by-side financial comparison of Outdoor Holding Co (POWW) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

Outdoor Holding Co is the larger business by last-quarter revenue ($13.4M vs $13.2M, roughly 1.0× TriSalus Life Sciences, Inc.). Outdoor Holding Co runs the higher net margin — 16.7% vs -73.9%, a 90.5% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -54.1%). Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $-2.5M).

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

POWW vs TLSI — Head-to-Head

Bigger by revenue
POWW
POWW
1.0× larger
POWW
$13.4M
$13.2M
TLSI
Growing faster (revenue YoY)
TLSI
TLSI
+114.0% gap
TLSI
59.8%
-54.1%
POWW
Higher net margin
POWW
POWW
90.5% more per $
POWW
16.7%
-73.9%
TLSI
More free cash flow
POWW
POWW
$7.6M more FCF
POWW
$5.0M
$-2.5M
TLSI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
POWW
POWW
TLSI
TLSI
Revenue
$13.4M
$13.2M
Net Profit
$2.2M
$-9.8M
Gross Margin
87.1%
86.7%
Operating Margin
14.7%
-24.8%
Net Margin
16.7%
-73.9%
Revenue YoY
-54.1%
59.8%
Net Profit YoY
108.5%
3.5%
EPS (diluted)
$0.01
$-0.22

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
POWW
POWW
TLSI
TLSI
Q4 25
$13.4M
$13.2M
Q3 25
$12.0M
$11.6M
Q2 25
$11.9M
$11.2M
Q1 25
$12.6M
$9.2M
Q4 24
$12.5M
$8.3M
Q3 24
$12.0M
$7.3M
Q2 24
$12.3M
$7.4M
Q1 24
$-50.7M
$6.5M
Net Profit
POWW
POWW
TLSI
TLSI
Q4 25
$2.2M
$-9.8M
Q3 25
$1.4M
$-10.8M
Q2 25
$-6.5M
$-8.3M
Q1 25
$-77.5M
$-10.4M
Q4 24
$-26.1M
$-10.1M
Q3 24
$-12.4M
$-2.4M
Q2 24
$-14.8M
$-4.3M
Q1 24
$-5.2M
$-13.2M
Gross Margin
POWW
POWW
TLSI
TLSI
Q4 25
87.1%
86.7%
Q3 25
87.1%
83.5%
Q2 25
87.2%
83.9%
Q1 25
87.5%
83.7%
Q4 24
87.4%
85.3%
Q3 24
86.9%
86.3%
Q2 24
85.8%
87.6%
Q1 24
85.0%
Operating Margin
POWW
POWW
TLSI
TLSI
Q4 25
14.7%
-24.8%
Q3 25
5.9%
-77.9%
Q2 25
-50.7%
-65.4%
Q1 25
-213.6%
-79.9%
Q4 24
-163.8%
-91.8%
Q3 24
-50.3%
-118.9%
Q2 24
-50.8%
-111.0%
Q1 24
-180.8%
Net Margin
POWW
POWW
TLSI
TLSI
Q4 25
16.7%
-73.9%
Q3 25
11.7%
-93.5%
Q2 25
-54.5%
-73.9%
Q1 25
-614.5%
-113.2%
Q4 24
-208.7%
-122.4%
Q3 24
-103.7%
-32.6%
Q2 24
-120.2%
-58.8%
Q1 24
10.3%
-204.5%
EPS (diluted)
POWW
POWW
TLSI
TLSI
Q4 25
$0.01
$-0.22
Q3 25
$0.01
$-0.96
Q2 25
$-0.06
$-0.27
Q1 25
$-0.67
$-0.39
Q4 24
$-0.23
$-0.38
Q3 24
$-0.11
$-0.12
Q2 24
$-0.13
$-0.21
Q1 24
$-0.05
$-0.60

Balance Sheet & Financial Strength

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

Metric
POWW
POWW
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$69.9M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$237.3M
$-33.9M
Total Assets
$271.7M
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
POWW
POWW
TLSI
TLSI
Q4 25
$69.9M
$20.4M
Q3 25
$65.7M
$22.7M
Q2 25
$63.4M
$26.5M
Q1 25
$30.2M
$13.0M
Q4 24
$31.9M
$8.5M
Q3 24
$33.5M
$11.3M
Q2 24
$50.8M
$16.5M
Q1 24
$55.6M
$4.0M
Stockholders' Equity
POWW
POWW
TLSI
TLSI
Q4 25
$237.3M
$-33.9M
Q3 25
$235.4M
$-26.7M
Q2 25
$222.5M
$-19.4M
Q1 25
$222.0M
$-34.4M
Q4 24
$299.6M
$-25.9M
Q3 24
$325.6M
$-20.4M
Q2 24
$342.5M
$-25.3M
Q1 24
$358.0M
$-36.0M
Total Assets
POWW
POWW
TLSI
TLSI
Q4 25
$271.7M
$35.3M
Q3 25
$270.3M
$36.5M
Q2 25
$269.5M
$41.3M
Q1 25
$297.3M
$28.6M
Q4 24
$355.4M
$24.0M
Q3 24
$368.9M
$27.5M
Q2 24
$398.6M
$32.4M
Q1 24
$403.0M
$17.9M

Cash Flow & Capital Efficiency

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

Metric
POWW
POWW
TLSI
TLSI
Operating Cash FlowLast quarter
$5.7M
$-2.5M
Free Cash FlowOCF − Capex
$5.0M
$-2.5M
FCF MarginFCF / Revenue
37.6%
-19.1%
Capex IntensityCapex / Revenue
4.8%
0.3%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POWW
POWW
TLSI
TLSI
Q4 25
$5.7M
$-2.5M
Q3 25
$3.2M
$-3.7M
Q2 25
$-6.7M
$-7.3M
Q1 25
$-1.5M
$-4.5M
Q4 24
$1.3M
$-5.7M
Q3 24
$-9.3M
$-10.8M
Q2 24
$-547.5K
$-13.4M
Q1 24
$4.3M
$-10.9M
Free Cash Flow
POWW
POWW
TLSI
TLSI
Q4 25
$5.0M
$-2.5M
Q3 25
$2.5M
$-3.9M
Q2 25
$-7.6M
$-7.4M
Q1 25
$-2.3M
$-5.3M
Q4 24
$720.3K
$-5.8M
Q3 24
$-10.6M
$-11.0M
Q2 24
$-1.3M
$-13.5M
Q1 24
$1.4M
$-10.9M
FCF Margin
POWW
POWW
TLSI
TLSI
Q4 25
37.6%
-19.1%
Q3 25
21.0%
-33.9%
Q2 25
-63.8%
-66.1%
Q1 25
-18.6%
-57.3%
Q4 24
5.8%
-69.7%
Q3 24
-88.3%
-149.9%
Q2 24
-11.0%
-183.1%
Q1 24
-2.8%
-169.3%
Capex Intensity
POWW
POWW
TLSI
TLSI
Q4 25
4.8%
0.3%
Q3 25
5.8%
1.9%
Q2 25
7.5%
0.8%
Q1 25
6.5%
8.2%
Q4 24
4.4%
0.6%
Q3 24
10.4%
2.3%
Q2 24
6.5%
0.8%
Q1 24
-5.7%
1.0%
Cash Conversion
POWW
POWW
TLSI
TLSI
Q4 25
2.55×
Q3 25
2.29×
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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