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Clarus Corp（CLAR）与TELOS CORP（TLS）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TELOS CORP的1.4倍（$65.4M vs $46.8M），TELOS CORP净利率更高（-34.9% vs -47.8%，领先12.9%），TELOS CORP同比增速更快（77.4% vs -8.4%），Clarus Corp自由现金流更多（$11.6M vs $8.0M），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
CLAR vs TLS — 直观对比
营收规模更大
CLAR
是对方的1.4倍
$46.8M
营收增速更快
TLS
高出85.8%
-8.4%
净利率更高
TLS
高出12.9%
-47.8%
自由现金流更多
CLAR
多$3.6M
$8.0M
两年增速更快
TLS
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $65.4M | $46.8M |
| 净利润 | $-31.3M | $-16.3M |
| 毛利率 | 27.7% | 35.0% |
| 营业利润率 | -59.6% | -39.6% |
| 净利率 | -47.8% | -34.9% |
| 营收同比 | -8.4% | 77.4% |
| 净利润同比 | 52.3% | -74.8% |
| 每股收益（稀释后） | $-0.81 | $-0.22 |
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CLARTLS
| Q4 25 | $65.4M | $46.8M | ||
| Q3 25 | $69.3M | $51.4M | ||
| Q2 25 | $55.2M | $36.0M | ||
| Q1 25 | $60.4M | $30.6M | ||
| Q4 24 | $71.4M | $26.4M | ||
| Q3 24 | $67.1M | $23.8M | ||
| Q2 24 | $56.5M | $28.5M | ||
| Q1 24 | $69.3M | $29.6M |
净利润CLARTLS
| Q4 25 | $-31.3M | $-16.3M | ||
| Q3 25 | $-1.6M | $-2.1M | ||
| Q2 25 | $-8.4M | $-9.5M | ||
| Q1 25 | $-5.2M | $-8.6M | ||
| Q4 24 | $-65.5M | $-9.3M | ||
| Q3 24 | $-3.2M | $-28.1M | ||
| Q2 24 | $-5.5M | $-7.8M | ||
| Q1 24 | $21.9M | $-7.4M |
毛利率CLARTLS
| Q4 25 | 27.7% | 35.0% | ||
| Q3 25 | 35.1% | 39.9% | ||
| Q2 25 | 35.6% | 33.2% | ||
| Q1 25 | 34.4% | 39.8% | ||
| Q4 24 | 33.4% | 40.3% | ||
| Q3 24 | 35.0% | 13.2% | ||
| Q2 24 | 36.1% | 34.1% | ||
| Q1 24 | 35.9% | 37.0% |
营业利润率CLARTLS
| Q4 25 | -59.6% | -39.6% | ||
| Q3 25 | -4.4% | -4.8% | ||
| Q2 25 | -19.7% | -27.5% | ||
| Q1 25 | -11.2% | -29.5% | ||
| Q4 24 | -70.2% | -37.6% | ||
| Q3 24 | -8.0% | -121.4% | ||
| Q2 24 | -14.4% | -30.3% | ||
| Q1 24 | -9.8% | -28.5% |
净利率CLARTLS
| Q4 25 | -47.8% | -34.9% | ||
| Q3 25 | -2.3% | -4.1% | ||
| Q2 25 | -15.3% | -26.5% | ||
| Q1 25 | -8.7% | -28.1% | ||
| Q4 24 | -91.8% | -35.4% | ||
| Q3 24 | -4.7% | -118.0% | ||
| Q2 24 | -9.7% | -27.2% | ||
| Q1 24 | 31.6% | -24.9% |
每股收益（稀释后）CLARTLS
| Q4 25 | $-0.81 | $-0.22 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $-0.22 | $-0.13 | ||
| Q1 25 | $-0.14 | $-0.12 | ||
| Q4 24 | $-1.72 | $-0.13 | ||
| Q3 24 | $-0.08 | $-0.39 | ||
| Q2 24 | $-0.14 | $-0.11 | ||
| Q1 24 | $0.57 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $196.4M | $96.0M |
| 总资产 | $249.0M | $139.9M |
| 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CLARTLS
| Q4 25 | $36.7M | $53.2M | ||
| Q3 25 | $29.5M | $59.0M | ||
| Q2 25 | $28.5M | $57.0M | ||
| Q1 25 | $41.3M | $57.8M | ||
| Q4 24 | $45.4M | $54.6M | ||
| Q3 24 | $36.4M | $69.8M | ||
| Q2 24 | $46.2M | $80.1M | ||
| Q1 24 | $47.5M | $93.9M |
总债务CLARTLS
| 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CLARTLS
| Q4 25 | $196.4M | $96.0M | ||
| Q3 25 | $225.8M | $119.7M | ||
| Q2 25 | $225.1M | $118.4M | ||
| Q1 25 | $229.3M | $126.1M | ||
| Q4 24 | $233.1M | $127.1M | ||
| Q3 24 | $308.5M | $129.5M | ||
| Q2 24 | $307.3M | $149.1M | ||
| Q1 24 | $310.4M | $154.4M |
总资产CLARTLS
| Q4 25 | $249.0M | $139.9M | ||
| Q3 25 | $283.1M | $164.3M | ||
| Q2 25 | $286.5M | $165.0M | ||
| Q1 25 | $292.8M | $158.1M | ||
| Q4 24 | $294.1M | $158.2M | ||
| Q3 24 | $375.3M | $166.3M | ||
| Q2 24 | $369.4M | $182.4M | ||
| Q1 24 | $377.0M | $195.4M |
负债/权益比CLARTLS
| 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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $8.0M |
| 自由现金流率自由现金流/营收 | 17.7% | 17.0% |
| 资本支出强度资本支出/营收 | 1.4% | 0.1% |
| 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 | $29.4M |
8季度趋势，按日历期对齐
经营现金流CLARTLS
| Q4 25 | $12.5M | $8.0M | ||
| Q3 25 | $-5.7M | $9.1M | ||
| Q2 25 | $-9.4M | $7.0M | ||
| Q1 25 | $-2.1M | $6.1M | ||
| Q4 24 | $16.6M | $-10.5M | ||
| Q3 24 | $-8.3M | $-7.1M | ||
| Q2 24 | $834.0K | $-8.0M | ||
| Q1 24 | $-16.4M | $-350.0K |
自由现金流CLARTLS
| Q4 25 | $11.6M | $8.0M | ||
| Q3 25 | $-7.0M | $8.7M | ||
| Q2 25 | $-11.3M | $6.8M | ||
| Q1 25 | $-3.3M | $6.0M | ||
| Q4 24 | $14.4M | $-12.4M | ||
| Q3 24 | $-9.4M | $-7.1M | ||
| Q2 24 | $-744.0K | $-8.2M | ||
| Q1 24 | $-18.3M | $-447.0K |
自由现金流率CLARTLS
| Q4 25 | 17.7% | 17.0% | ||
| Q3 25 | -10.0% | 16.9% | ||
| Q2 25 | -20.4% | 19.0% | ||
| Q1 25 | -5.4% | 19.5% | ||
| Q4 24 | 20.1% | -47.0% | ||
| Q3 24 | -14.0% | -30.0% | ||
| Q2 24 | -1.3% | -28.9% | ||
| Q1 24 | -26.3% | -1.5% |
资本支出强度CLARTLS
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 3.4% | 0.4% | ||
| Q1 25 | 2.0% | 0.4% | ||
| Q4 24 | 3.1% | 7.1% | ||
| Q3 24 | 1.6% | 0.2% | ||
| Q2 24 | 2.8% | 0.8% | ||
| Q1 24 | 2.7% | 0.3% |
现金转化率CLARTLS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
