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Clarus Corp（CLAR）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
Clarus Corp的季度营收约是STEM, INC.的1.4倍（$65.4M vs $47.1M），STEM, INC.净利率更高（-33.9% vs -47.8%，领先13.9%），Clarus Corp同比增速更快（-8.4% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs -2.9%）
Clarus Corp是一家全球性企业，主营高性能户外休闲、登山、露营及生活方式产品的设计、生产与分销，旗下拥有多个知名消费品牌，为北美、欧洲及亚太地区的户外爱好者、专业运动员和零售合作伙伴提供创新耐用的运动装备。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
CLAR vs STEM — 直观对比
营收规模更大
CLAR
是对方的1.4倍
$47.1M
营收增速更快
CLAR
高出7.2%
-15.6%
净利率更高
STEM
高出13.9%
-47.8%
两年增速更快
STEM
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $65.4M | $47.1M |
| 净利润 | $-31.3M | $-16.0M |
| 毛利率 | 27.7% | 48.9% |
| 营业利润率 | -59.6% | -17.7% |
| 净利率 | -47.8% | -33.9% |
| 营收同比 | -8.4% | -15.6% |
| 净利润同比 | 52.3% | 68.8% |
| 每股收益（稀释后） | $-0.81 | $-4.40 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CLARSTEM
| Q4 25 | $65.4M | $47.1M | ||
| Q3 25 | $69.3M | $38.2M | ||
| Q2 25 | $55.2M | $38.4M | ||
| Q1 25 | $60.4M | $32.5M | ||
| Q4 24 | $71.4M | $55.8M | ||
| Q3 24 | $67.1M | $29.3M | ||
| Q2 24 | $56.5M | $34.0M | ||
| Q1 24 | $69.3M | $25.5M |
净利润CLARSTEM
| Q4 25 | $-31.3M | $-16.0M | ||
| Q3 25 | $-1.6M | $-23.8M | ||
| Q2 25 | $-8.4M | $202.5M | ||
| Q1 25 | $-5.2M | $-25.0M | ||
| Q4 24 | $-65.5M | $-51.1M | ||
| Q3 24 | $-3.2M | $-148.3M | ||
| Q2 24 | $-5.5M | $-582.3M | ||
| Q1 24 | $21.9M | $-72.3M |
毛利率CLARSTEM
| Q4 25 | 27.7% | 48.9% | ||
| Q3 25 | 35.1% | 35.5% | ||
| Q2 25 | 35.6% | 33.4% | ||
| Q1 25 | 34.4% | 32.4% | ||
| Q4 24 | 33.4% | -4.4% | ||
| Q3 24 | 35.0% | 21.2% | ||
| Q2 24 | 36.1% | 27.6% | ||
| Q1 24 | 35.9% | -95.0% |
营业利润率CLARSTEM
| Q4 25 | -59.6% | -17.7% | ||
| Q3 25 | -4.4% | -33.6% | ||
| Q2 25 | -19.7% | -34.8% | ||
| Q1 25 | -11.2% | -65.0% | ||
| Q4 24 | -70.2% | -84.4% | ||
| Q3 24 | -8.0% | -493.2% | ||
| Q2 24 | -14.4% | -1705.5% | ||
| Q1 24 | -9.8% | -267.0% |
净利率CLARSTEM
| Q4 25 | -47.8% | -33.9% | ||
| Q3 25 | -2.3% | -62.2% | ||
| Q2 25 | -15.3% | 527.8% | ||
| Q1 25 | -8.7% | -76.9% | ||
| Q4 24 | -91.8% | -91.6% | ||
| Q3 24 | -4.7% | -506.3% | ||
| Q2 24 | -9.7% | -1712.6% | ||
| Q1 24 | 31.6% | -283.9% |
每股收益（稀释后）CLARSTEM
| Q4 25 | $-0.81 | $-4.40 | ||
| Q3 25 | $-0.04 | $-2.84 | ||
| Q2 25 | $-0.22 | $-1.79 | ||
| Q1 25 | $-0.14 | $-0.15 | ||
| Q4 24 | $-1.72 | $-15.29 | ||
| Q3 24 | $-0.08 | $-18.24 | ||
| Q2 24 | $-0.14 | $-71.81 | ||
| Q1 24 | $0.57 | $-0.46 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $36.7M | $48.9M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $196.4M | $-249.4M |
| 总资产 | $249.0M | $308.9M |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资CLARSTEM
| Q4 25 | $36.7M | $48.9M | ||
| Q3 25 | $29.5M | $43.1M | ||
| Q2 25 | $28.5M | $40.8M | ||
| Q1 25 | $41.3M | $58.6M | ||
| Q4 24 | $45.4M | $56.3M | ||
| Q3 24 | $36.4M | $75.4M | ||
| Q2 24 | $46.2M | $89.6M | ||
| Q1 24 | $47.5M | $112.8M |
总债务CLARSTEM
| Q4 25 | $0 | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
股东权益CLARSTEM
| Q4 25 | $196.4M | $-249.4M | ||
| Q3 25 | $225.8M | $-235.7M | ||
| Q2 25 | $225.1M | $-214.1M | ||
| Q1 25 | $229.3M | $-417.5M | ||
| Q4 24 | $233.1M | $-398.4M | ||
| Q3 24 | $308.5M | $-344.1M | ||
| Q2 24 | $307.3M | $-203.2M | ||
| Q1 24 | $310.4M | $371.6M |
总资产CLARSTEM
| Q4 25 | $249.0M | $308.9M | ||
| Q3 25 | $283.1M | $362.6M | ||
| Q2 25 | $286.5M | $379.2M | ||
| Q1 25 | $292.8M | $405.1M | ||
| Q4 24 | $294.1M | $437.4M | ||
| Q3 24 | $375.3M | $537.8M | ||
| Q2 24 | $369.4M | $691.5M | ||
| Q1 24 | $377.0M | $1.3B |
负债/权益比CLARSTEM
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $12.5M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | — |
| 自由现金流率自由现金流/营收 | 17.7% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-9.9M | — |
8季度趋势，按日历期对齐
经营现金流CLARSTEM
| Q4 25 | $12.5M | $8.2M | ||
| Q3 25 | $-5.7M | $11.4M | ||
| Q2 25 | $-9.4M | $-21.3M | ||
| Q1 25 | $-2.1M | $8.5M | ||
| Q4 24 | $16.6M | $-14.7M | ||
| Q3 24 | $-8.3M | $-9.4M | ||
| Q2 24 | $834.0K | $-11.9M | ||
| Q1 24 | $-16.4M | $-621.0K |
自由现金流CLARSTEM
| Q4 25 | $11.6M | — | ||
| Q3 25 | $-7.0M | — | ||
| Q2 25 | $-11.3M | — | ||
| Q1 25 | $-3.3M | — | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-744.0K | — | ||
| Q1 24 | $-18.3M | — |
自由现金流率CLARSTEM
| Q4 25 | 17.7% | — | ||
| Q3 25 | -10.0% | — | ||
| Q2 25 | -20.4% | — | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | -14.0% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | -26.3% | — |
资本支出强度CLARSTEM
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
现金转化率CLARSTEM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
STEM
暂无分部数据
