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Clarus Corp (CLAR) stock

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NASDAQ: CLAR Nasdaq Leisure Products Next results ~November 5, 2026

D Fundamentals grade

Clarus Corp is a US-listed company in the leisure products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$2.9

Valuation models combined (4)

Base case. Range ~$1.4–$6.2. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Clarus Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds48 adding, 57 cuttingOf 24 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Clarus files

Where Clarus stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $253m, down 0.5% on a year earlier, a smaller fall than the 1.4% decline a quarter earlier. Free-cash-flow margin rose to -0.2% from -3.8% a year earlier. Operating margin widened to -17.2% from -28.8%. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $4.70 a share, against a share price of $4.48.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Clarus Corp's trailing-twelve-month revenue fell 0.5% year on year, with a free-cash-flow margin of -0.2%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 20 leisure products companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 346% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 11.6 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 0.5% over the last 12 months.
  • Loss-making. Operating margin is -17.2%: costs exceed revenue.
  • Burning cash. Free cash flow was -0.2% of revenue over the last 12 months.
  • Below peers: change in growth rate. Change in growth rate of +0.8pp ranks 22 of 29 leisure products companies we cover (median +3.1pp).
  • Earnings expected to fall. The consensus expects earnings per share to fall 43% next year.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.18 against an average estimate of -$0.07: beat by 345.5%
Revenue
$56m, up 1.6% on a year earlier
Share reaction
+10.4% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
sales $245m to $255m (fiscal year 2026); adjusted EBITDA $12m to $13m (fiscal year 2026)
Next report
November 5, 2026; average EPS estimate $0.05

Clarus' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+14.9%
  • 1 month+29.9%
  • This year+37.1%
  • 1 year+38.6%
  • 5 years-83.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$253M
Operating margin
-17.2%
Net margin
-12.4%
EPS (TTM, diluted)
$-0.82

Growth

Revenue growth
−0.5%
Change in growth rate
+0.8 pts
Share count change
+0.1%

Cash

Free cash flow (TTM)
-$422,000
FCF margin
-0.2%
Stock pay % of revenue
1.7%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Clarus Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Clarus Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.96 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.4 ~$0.7–$1.6 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.6 ~$2.3–$3.5 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$6.2 ~$5.5–$11 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$4.7 ~$4.7–$5.8 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.9 ~$1.4–$6.2 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Clarus Corp with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$4.77$7.00$9.07$12.25$13.98$25.28$7.20$6.42$4.27$3.27$4.48
Market value$145m$210m$274m$380m$437m$902m$268m$241m$164m$125m$172m
+ Net debt (− = net cash)−$72m$19m$20m$21m$17m$122m$128m$108m−$43m−$37m−$29m
Enterprise value$73m$229m$294m$400m$453m$1.0bn$395m$349m$120m$89m$143m
Multiples
Price / sales 1.0x1.2x1.3x1.7x1.9x3.4x0.8x0.8x0.6x0.5x0.7x
Price / earnings ——37.6x20.0x78.7x34.6x—————
Price / free cash flow 64.6x—34.2x70.2x18.2x—42.1x9.2x———
EV / EBITDA ——23.3x25.1x51.9x——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

25 /100

Weak moat

How hard Clarus's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -1.9% of total assets over 10 years.

  • Pricing power 4 / 20

    Gross margin has been a median 34.7%, moving by 5769.0 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -6.3%; its worst year was -447.5%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median 0.8% of revenue.

  • Discipline 11 / 20

    The diluted share count rose 18.1% over five years; stock-based pay has been a median 2.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (30 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $67m and EPS of $0.05 (range $0.03 to $0.08) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.30 +203% $251m +0%
Next $0.17 −43% $259m +3%

Next year's EPS estimate has moved +0.5% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +246.7% on 90 days ago. In the last 30 days, 0 analysts raised Clarus Corp's forecast and 0 cut it.

Consensus EPS forecast Clarus Corp, last 90 days
$0.00 $0.10 $0.20 $0.30 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.09 Current fiscal year, 60 days ago: $0.08 Current fiscal year, 30 days ago: $0.08 Current fiscal year, 7 days ago: $0.30 Current fiscal year, Now: $0.30 $0.30 Next fiscal year, 90 days ago: $0.17 Next fiscal year, 60 days ago: $0.17 Next fiscal year, 30 days ago: $0.17 Next fiscal year, 7 days ago: $0.17 Next fiscal year, Now: $0.17 $0.17

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.09$0.17
60 days ago $0.08$0.17
30 days ago $0.08$0.17
7 days ago $0.30$0.17
Now $0.30$0.17

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.07 $0.18 +345.5%
Mar 2026 $0.00 $0.02 +700.0%
Dec 2025 $0.07 $0.09 +38.5%
Sept 2025 $0.06 $0.05 −9.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • sales fiscal year 2026 $245m to $255m Maintained
    “The Company continues to expect fiscal year 2026 sales to range between $245 million and $255 million and now expects adjusted EBITDA to range between approximately $12 million and $13 million, or an adjusted EBITDA margin of 5.0% at the mid-point of the revenue and adjusted EBITDA ranges.” source
  • sales third quarter of 2026 $66m to $68m
    “For the third quarter of 2026, sales are expected to range between $66 million and $68 million, and adjusted EBITDA is expected to be approximately $3 million.” source
  • adjusted EBITDA fiscal year 2026 $12m to $13m Non-GAAP
    “The Company continues to expect fiscal year 2026 sales to range between $245 million and $255 million and now expects adjusted EBITDA to range between approximately $12 million and $13 million, or an adjusted EBITDA margin of 5.0% at the mid-point of the revenue and adjusted EBITDA ranges.” source
  • adjusted EBITDA margin fiscal year 2026 about 5% Non-GAAP
    “The Company continues to expect fiscal year 2026 sales to range between $245 million and $255 million and now expects adjusted EBITDA to range between approximately $12 million and $13 million, or an adjusted EBITDA margin of 5.0% at the mid-point of the revenue and adjusted EBITDA ranges.” source
  • Capital expenditures full year 2026 $6m to $7m Maintained
    “Capital expenditures are expected to remain between $6 million and $7 million, consistent with the Company's prior outlook, and free cash flow is now expected to be $6 million for the full year 2026.” source
  • free cash flow full year 2026 about $6m
    “Capital expenditures are expected to remain between $6 million and $7 million, consistent with the Company's prior outlook, and free cash flow is now expected to be $6 million for the full year 2026.” source
Show 1 more item
  • adjusted EBITDA third quarter of 2026 about $3m Non-GAAP
    “For the third quarter of 2026, sales are expected to range between $66 million and $68 million, and adjusted EBITDA is expected to be approximately $3 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

5 analysts, Oct 2026
Buy240%
Hold360%
Sell00%

Monthly trend

  1. Oct 2026235
  2. Sep 2026235
  3. Aug 2026235
  4. Jul 2026235

Counts of recommendations published by analysts covering Clarus Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
5.66
at average volume
Short interest, 1 month
+6%
to October 15, 2026
Held by institutions
65%
of shares
Held by insiders
7.2%
of shares
Employees
390
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +38.6%

$3.23 on October 31, 2025 to $4.48

ThenNowEffect
Revenue (last 12 months) $254m $253m −0.5%
P/S multiple 0.5x 0.7x +39.4%
Share count 38m 38m −0.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −20.4%

$5.63 on November 3, 2023 to $4.48

ThenNowEffect
Revenue (last 12 months) $215m $253m +17.5%
P/S multiple 0.9x 0.7x −27.5%
Share count 36m 38m −6.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CLAR+81%−72%−11%−33%−24%+37%
Industry peers (median)+14%−35%−4%−23%−4%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CLAR67%25%42%33%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CLAR−18%−76%−52%−45%−38%−33%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 91% from October 25, 2021 to May 13, 2026. Getting back needed a 1034% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.49 – $4.49
From 52-week high
−0.2%
vs 50-day average
+21.9%
vs 200-day average
+38.6%
Volatility (1 year)
44%
Beta vs S&P 500
1.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±9.8%
After a week
3 up, 9 down
typical move ±10.9%
After a month
7 up, 5 down
typical move ±9.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +10.4% +0.5% +12.8% +12.4%
May 7, 2026 +2.4% +0.5% −8.2% −2.9%
March 5, 2026 −5.7% −1.9% −9.1% −14.1%
November 6, 2025 +7.0% −1.0% −2.3% +1.0%
July 31, 2025 −15.3% −2.0% −16.1% −2.0%
May 8, 2025 −5.3% +0.6% −6.2% +3.7%
March 6, 2025 +3.0% −1.2% −5.6% −15.5%
November 8, 2024 −6.5% +0.5% −5.7% +3.5%
August 1, 2024 −17.7% −3.3% −26.2% −28.2%
May 2, 2024 +15.1% +2.2% +8.1% +5.7%
March 7, 2024 +17.2% +0.4% +19.1% +18.7%
November 7, 2023 −12.2% +0.4% −11.9% +4.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Clarus Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Clarus Corp
$150M $200M $250M $300M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $180.8M Revenue (TTM), FY23 Q4: $286M Revenue (TTM), FY24 Q1: $285.1M Revenue (TTM), FY24 Q2: $283.6M Revenue (TTM), FY24 Q3: $269.4M Revenue (TTM), FY24 Q4: $264.3M Revenue (TTM), FY25 Q1: $255.4M Revenue (TTM), FY25 Q2: $254.2M Revenue (TTM), FY25 Q3: $256.4M Revenue (TTM), FY25 Q4: $250.4M Revenue (TTM), FY26 Q1: $251.9M Revenue (TTM), FY26 Q2: $252.9M $252.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $180.8M
FY23 Q4 $286M
FY24 Q1 $285.1M
FY24 Q2 $283.6M
FY24 Q3 $269.4M
FY24 Q4 $264.3M
FY25 Q1 $255.4M
FY25 Q2 $254.2M
FY25 Q3 $256.4M
FY25 Q4 $250.4M
FY26 Q1 $251.9M
FY26 Q2 $252.9M
Revenue growth, TTM YoY Clarus Corp
-50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -48.7% Revenue growth, TTM YoY, FY23 Q4: -9.3% Revenue growth, TTM YoY, FY24 Q1: 4.7% Revenue growth, TTM YoY, FY24 Q2: 31.7% Revenue growth, TTM YoY, FY24 Q3: 49.0% Revenue growth, TTM YoY, FY24 Q4: -7.6% Revenue growth, TTM YoY, FY25 Q1: -10.4% Revenue growth, TTM YoY, FY25 Q2: -10.4% Revenue growth, TTM YoY, FY25 Q3: -4.8% Revenue growth, TTM YoY, FY25 Q4: -5.2% Revenue growth, TTM YoY, FY26 Q1: -1.4% Revenue growth, TTM YoY, FY26 Q2: -0.5% -0.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -48.7%
FY23 Q4 -9.3%
FY24 Q1 4.7%
FY24 Q2 31.7%
FY24 Q3 49.0%
FY24 Q4 -7.6%
FY25 Q1 -10.4%
FY25 Q2 -10.4%
FY25 Q3 -4.8%
FY25 Q4 -5.2%
FY26 Q1 -1.4%
FY26 Q2 -0.5%
Operating margin (TTM) Clarus Corp
-80% -60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -77.2% Operating margin (TTM), FY23 Q4: -7.4% Operating margin (TTM), FY24 Q1: -8.9% Operating margin (TTM), FY24 Q2: -9.9% Operating margin (TTM), FY24 Q3: -11.3% Operating margin (TTM), FY24 Q4: -26.6% Operating margin (TTM), FY25 Q1: -27.5% Operating margin (TTM), FY25 Q2: -28.8% Operating margin (TTM), FY25 Q3: -27.6% Operating margin (TTM), FY25 Q4: -23.8% Operating margin (TTM), FY26 Q1: -23.4% Operating margin (TTM), FY26 Q2: -17.2% -17.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -77.2%
FY23 Q4 -7.4%
FY24 Q1 -8.9%
FY24 Q2 -9.9%
FY24 Q3 -11.3%
FY24 Q4 -26.6%
FY25 Q1 -27.5%
FY25 Q2 -28.8%
FY25 Q3 -27.6%
FY25 Q4 -23.8%
FY26 Q1 -23.4%
FY26 Q2 -17.2%
FCF margin (TTM) Clarus Corp
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 24.5% FCF margin (TTM), FY23 Q4: 9.5% FCF margin (TTM), FY24 Q1: 2.6% FCF margin (TTM), FY24 Q2: -2.3% FCF margin (TTM), FY24 Q3: -5.6% FCF margin (TTM), FY24 Q4: -5.3% FCF margin (TTM), FY25 Q1: 0.4% FCF margin (TTM), FY25 Q2: -3.8% FCF margin (TTM), FY25 Q3: -2.8% FCF margin (TTM), FY25 Q4: -4.0% FCF margin (TTM), FY26 Q1: -4.9% FCF margin (TTM), FY26 Q2: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 24.5%
FY23 Q4 9.5%
FY24 Q1 2.6%
FY24 Q2 -2.3%
FY24 Q3 -5.6%
FY24 Q4 -5.3%
FY25 Q1 0.4%
FY25 Q2 -3.8%
FY25 Q3 -2.8%
FY25 Q4 -4.0%
FY26 Q1 -4.9%
FY26 Q2 -0.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 1 0 148 171 212 229 224 266 315 286 264 250 253
Gross profit 56 47 58 44 54 74 80 78 88 110 98 93 83 93
EBITDA 1 −9 −6 −4 −2 13 16 9 −7 −99 −14 −66 −56 −40
Operating income −3 −14 −10 −6 −5 8 11 4 −13 −106 −21 −70 −60 −44
Net income 2 −6 14 −9 −1 7 19 6 26 −70 −10 −52 −47 −31
Diluted EPS $0.07 −$0.18 $0.43 −$0.30 −$0.02 $0.24 $0.61 $0.18 $0.73 −$1.88 −$0.27 −$1.37 −$1.21 −$0.82
Growth (year on year)
Revenue — +104.1% −71.6% +>999% +15.2% +24.3% +8.2% −2.4% +18.7% +18.5% −9.3% −7.6% −5.2% −0.5%
EBITDA — <−999% — — — — +26.9% −45.3% −176.9% — — — — —
Operating income — — — — — — +39.9% −65.6% — — — — — —
Net income — −400.7% — −164.1% — — +159.9% −70.8% +370.6% −367.4% — — — —
Diluted EPS — −357.1% — −169.8% — — +154.2% −70.5% +305.6% −357.5% — — — —
Margins
Gross margin — — — 29.5% 31.5% 34.9% 35.0% 34.7% 33.0% 34.9% 34.1% 35.0% 33.1% 36.7%
EBITDA margin 242.9% <−999% <−999% −2.5% −1.1% 5.9% 7.0% 3.9% −2.5% −31.4% −4.7% −25.1% −22.4% −15.7%
Operating margin −692.4% <−999% <−999% −4.0% −2.8% 3.9% 5.0% 1.8% −4.8% −33.8% −7.4% −26.6% −23.8% −17.2%
Net margin 495.4% −730.1% >999% −6.1% −0.4% 3.4% 8.3% 2.5% 9.8% −22.1% −3.5% −19.8% −18.6% −12.4%
Free-cash-flow margin <−999% 386.4% <−999% 1.5% −6.9% 3.8% 2.4% 10.7% −6.7% 2.0% 9.2% −5.3% −4.0% −0.2%
Cash flow
Cash from operations −3 7 −29 5 −9 11 10 29 −0 15 32 −7 −5 4
Capital spending 5 4 3 3 3 3 4 5 17 8 6 7 5 5
Free cash flow −9 3 −32 2 −12 8 5 24 −18 6 26 −14 −10 −0
Stock-based pay 2 3 2 0 1 3 3 7 9 11 5 6 6 4
Free cash flow after stock pay −11 0 −33 2 −13 5 2 17 −27 −5 21 −20 −16 −5
Balance sheet
Cash 5 4 30 95 2 2 2 18 19 12 11 45 37 29
Total debt 47 43 27 23 21 22 23 35 142 139 120 2 0 0
Net debt (negative = net cash) 42 39 −3 −72 19 20 21 17 122 128 108 −43 −37 −29
Diluted shares 30m 32m 33m 30m 30m 30m 31m 31m 36m 37m 37m 38m 38m 38m
Returned to shareholders
Dividends — — — — — 1 3 2 3 4 4 4 4 4
Buybacks — — 0 5 0 6 4 2 1 8 0 0 0 0
Total returned — — 0 5 0 7 7 3 4 12 4 4 4 4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $255m
Short-term assets $174mLonger-term assets $81m
What it owes, and who funded it · $255m
Short-term liabilities $39mLonger-term liabilities $18mShareholders' equity $198m
  • Short-term assets cover short-term liabilities $174m of assets due within a year against $39m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $174m short-term assets against $18m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Clarus Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$479,000
Dividends (TTM)
$3.8M
Returned to shareholders
-1024%
of free cash flow
Buybacks, last 3 fiscal years
$449,000
Diluted share count
+0.1%
year over year
Total shareholder yield
2.5%
dividends 2.2% + buybacks 0.3% of market value
Sales & admin spending
40.5%
of revenue
Days sales outstanding
62 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated CLAR ESCA AOUT MCFT JAKK SWBI Median
Revenue, last 12 months $253m $242m $198m $349m $170m $551m $349m
Revenue growth, last 12 months −0.5% 0.0% −5.8% 22.8% −70.4% 17.0% 7.6%
Revenue growth, 3-year average 5.5% −3.7% 1.2% −19.2% −38.1% 2.7% −2.5%
Revenue growth, latest quarter 1.6% −3.2% 25.4% 63.4% 20.4% 32.3% 10.9%
Gross margin 36.7% 28.5% 46.0% 22.9% 31.6% 27.4% 40.1%
Operating margin −17.2% 13.1% −2.2% −0.3% 13.6% 6.6% 1.0%
Operating margin, 3-year average −18.6% 9.5% −3.3% 4.1% 6.9% 6.5% 0.9%
Net margin −12.4% 10.0% −2.0% −0.5% 15.4% 4.4% −0.5%
Cash from operations / revenue 1.7% 18.5% 10.6% 8.7% 29.8% 20.6% 8.7%
Free-cash-flow margin −0.2% 17.0% 9.7% 6.4% 21.0% 14.9% 6.1%
Free-cash-flow margin, 3-year average −2.1% 14.9% 5.1% 5.4% 5.8% 2.7% 5.3%
Stock pay / revenue 1.7% 0.6% 1.6% 1.2% 7.0% 1.5% 1.3%
Change in share count 0.1% −0.7% −1.8% 3.9% 51.2% −6.8% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth -0.5% 7.6% 20 of 29
Change in growth rate Growth +0.8pp +3.1pp 22 of 29
Gross margin Profitability 36.7% 39.7% 15 of 27
Operating margin Profitability -17.2% 1.0% 23 of 29
Net margin Profitability -12.4% -0.5% 23 of 29
Free-cash-flow margin Cash generation -0.2% 6.1% 22 of 29
Stock pay as % of revenue Cash generation 1.7% 1.3% 17 of 27
Long-term debt as % of assets Balance sheet 0.0% 16.0% 1 of 20
Change in share count Balance sheet 0.1% 0.8% 11 of 24
Days sales outstanding Balance sheet 62 days 42 days 20 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Outdoor $177M 70.6% ▼ 3.7%
Adventure $73.6M 29.4% ▼ 8.9%

From Clarus Corp's 10-K filed March 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$57.3M
Institutions reporting
87
Shares held vs prior quarter
▼ 11.3%
Positions opened / closed
17 / 31

Top buyers and sellers, Q2 2026: 48 institutions bought and 57 sold ; the biggest buyer was Clark Estates Inc (+660K shares) and the biggest seller Blackrock, Inc (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Greenhouse Funds LLLP $17.2M 5.4M 29.9% 0.0%
Vanguard Capital Management LLC $4M 1.3M 7.0% ▲ 2.4%
Parthenon LLC $3.9M 1.2M 6.8% ▲ 8.3%
Potomac Capital Management, Inc. $3.6M 1.1M 6.2% 0.0%
Marshall Wace, LLP $2.2M 688K 3.8% ▲ 95.4%
Clark Estates Inc $2.1M 660K 3.6% New
American Century Companies Inc $1.6M 510K 2.8% ▼ 1.5%
Dimensional Fund Advisors LP $1.6M 504K 2.8% ▼ 18.7%
Acadian Asset Management LLC $1.5M 478K 2.6% ▲ 11.9%
Russell Investments Group, Ltd. $1.5M 477K 2.6% ▼ 41.9%
Blackrock, Inc. $1.5M 462K 2.5% ▼ 73.9%
Jane Street Group, LLC $1.3M 398K 2.2% ▲ 301.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Clarus Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 5, 2026
  • November 6, 2025
  • July 31, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Clarus Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Clarus Corp in brief

What does Clarus Corp do?
Clarus Corp is a US-listed company in the leisure products industry. Its financial year ends in December.
What is Clarus Corp's stock ticker?
Clarus Corp trades under the ticker CLAR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Clarus Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Clarus Corp reported revenue of $253M, 0.5% lower than a year earlier, according to its SEC filings.
What is Clarus Corp's free cash flow?
Clarus Corp's free-cash-flow margin is -0.2% of revenue over the trailing twelve months, ranking 22 of the 29 leisure products companies we cover.
Who are Clarus Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Greenhouse Funds LLLP, Vanguard Capital Management LLC and Parthenon LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Clarus Corp buying back stock, and does it pay a dividend?
Clarus Corp spent $479,000 on share repurchases over the trailing twelve months, and its diluted share count still rose 0.1% over the year.
What is Clarus Corp's market cap?
On November 2, 2026, Clarus Corp's market capitalisation was about $172M and net debt of -$28.9M. Market figures come from third-party market data and may be delayed.
Does Clarus Corp pay a dividend?
Yes: Clarus Corp paid $3.8M in dividends over the trailing twelve months, a dividend yield of 2.24%.
Who are Clarus Corp's competitors?
In our Leisure Products peer group, the companies closest to Clarus Corp are Escalade Inc, American Outdoor Brands, Inc., Mastercraft Boat Holdings, Inc., Jakks Pacific Inc and Smith & Wesson Brands, Inc. The side-by-side comparison below sets their revenue, margins and growth against Clarus Corp's.
When is Clarus Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Clarus Corp announces its own schedule.