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Clarus Corporation engages in the design, development, manufacture, and distribution of outdoor equipment and lifestyle products in the United States, Australia, China, Austria, and internationally. It operates in two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems and transceivers, shovels, and probes. This segment provides its products for climbing, mountaineering, trail running, backpacking, skiing, and other outdoor recreation activities under the Black Diamond Equipment and PIEPS brands. The Adventure segment offers engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, recovery boards, bicycle racks, and accessories under the Rhino-Rack brand name; and overlanding and off-road vehicle recovery and extraction tracks for the overland and the off-road market under the MAXTRAX brand, as well as distributes and retails overlanding and off-road vehicle under the TRED brand name. The company markets and distributes its products through independent specialty stores and specialty chains, sporting goods and outdoor recreation stores, distributors, and original equipment manufacturers; and independent distributors, as well as through its websites. The company was formerly known as Black Diamond, Inc. and changed its name to Clarus Corporation in August 2017. The company was founded in 1957 and is headquartered in Salt Lake City, Utah.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $250M | $-14M | $-47M | - | - | -5.2% | - |
| 2024 | $264M | $-9M | $-52M | $-14M | -22.4% | -7.6% | - |
| 2023 | $286M | $1M | $-10M | $26M | -3.5% | -9.3% | - |
| 2022 | $315M | $12M | $-70M | $6M | -23.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 315.25 | 286.02 | 264.31 | 250.44 |
| Cost Of Revenue | 205.30 | 188.51 | 171.70 | 167.46 |
| Gross Profit | 109.95 | 97.51 | 92.62 | 82.98 |
| Operating Expense | 120.81 | 116.37 | 115.79 | 109.86 |
| Operating Income | -10.86 | -18.86 | -23.17 | -26.88 |
| EBITDA | 12.09 | 1.49 | -9.35 | -14.50 |
| EBIT | -10.86 | -18.86 | -23.17 | -26.88 |
| Pretax Income | -107.52 | -20.08 | -70.58 | -57.09 |
| Tax Provision | -14.72 | -4.29 | 17.85 | -10.53 |
| Net Income | -69.78 | -10.15 | -52.29 | -46.56 |
| Net Income Common Stockholders | -69.78 | -10.15 | -52.29 | -46.56 |
| Total Expenses | 326.11 | 304.88 | 287.49 | 277.32 |
| Interest Expense | 7.89 | 0 | 0 | 0 |
| Interest Income | 0 | 0.07 | 1.47 | 0.62 |
| Selling General And Administration | 120.81 | 116.37 | 115.79 | 109.86 |
| Normalized EBITDA | 107.71 | 3.75 | 37.85 | 18.30 |
| Normalized Income | -10.28 | -14.02 | -51.14 | -19.82 |
| Basic EPS | -1.88 | -0.27 | -1.37 | -1.21 |
| Diluted EPS | -1.88 | -0.27 | -1.37 | -1.21 |
| Tax Effect Of Unusual Items | -13.10 | -0.48 | -9.91 | -6.07 |
| Tax Rate For Calcs | 0.14 | 0.21 | 0.21 | 0.18 |
| Total Unusual Items | -95.62 | -2.25 | -47.21 | -32.80 |
| Total Unusual Items Excluding Goodwill | -95.62 | -2.25 | -47.21 | -32.80 |
| Net Income From Continuing Operation Net Minority Interest | -92.80 | -15.79 | -88.44 | -46.56 |
| Reconciled Depreciation | 22.95 | 20.35 | 13.82 | 12.38 |
| Reconciled Cost Of Revenue | 205.30 | 188.51 | 171.70 | 167.46 |
| Net Interest Income | 0 | 0.07 | 1.47 | 0.62 |
| Net Income From Continuing And Discontinued Operation | -69.78 | -10.15 | -52.29 | -46.56 |
| Total Operating Income As Reported | -106.48 | -21.11 | -70.38 | -59.68 |
| Diluted Average Shares | 37.20 | 37.48 | 38.30 | 38.39 |
| Basic Average Shares | 37.20 | 37.48 | 38.30 | 38.39 |
| Diluted NI Availto Com Stockholders | -69.78 | -10.15 | -52.29 | -46.56 |
| Net Income Including Noncontrolling Interests | -69.78 | -10.15 | -52.29 | -46.56 |
| Net Income Discontinuous Operations | 23.02 | 5.64 | 36.15 | 0 |
| Net Income Continuous Operations | -92.80 | -15.79 | -88.44 | -46.56 |
| Other Income Expense | -96.66 | -1.29 | -48.88 | -30.83 |
| Other Non Operating Income Expenses | -1.03 | 0.96 | -1.67 | 1.97 |
| Special Income Charges | -95.62 | -2.25 | -47.21 | -32.80 |
| Impairment Of Capital Assets | 92.31 | 0 | 44.81 | 31.44 |
| Restructuring And Mergern Acquisition | 3.31 | 2.25 | 2.40 | 1.36 |
| Net Non Operating Interest Income Expense | 0 | 0.07 | 1.47 | 0.62 |
| Total Other Finance Cost | 0 | -0.07 | 0 | 0 |
| Interest Expense Non Operating | 7.89 | 0 | 0 | 0 |
| Interest Income Non Operating | 0 | 0.07 | 1.47 | 0.62 |
| General And Administrative Expense | 120.81 | 116.37 | 115.79 | 109.86 |
| Other Gand A | 120.81 | 116.37 | 115.79 | 109.86 |
| Operating Revenue | 315.25 | 286.02 | 264.31 | 250.44 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Clarus Corporationthis co. | CLAR | $101M | - | 0.51 | - | -7.90 |
| Medifast, Inc. | MED | $120M | - | 0.57 | -9.4% | -1515.42 |
| American Outdoor Brands, Inc. | AOUT | $118M | - | 0.70 | -0.0% | 20.74 |
| Faraday Future Intelligent Electric Inc. | FFAI | $117M | - | -2.80 | -5035.4% | -1.81 |
| Traeger, Inc. | COOK | $111M | - |
| 0.64 |
| -67.4% |
| 9.18 |
| America's Car-Mart, Inc. | CRMT | $101M | - | 0.21 | 3.1% | 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| Virco Mfg. Corporation | VIRC | $95M | 37.81 | 0.90 | 2.4% | 12.55 |
| BARK, Inc. | BARK | $79M | - | 0.97 | -33.0% | -3.16 |
| Peer Median | - | 37.81 | 0.67 | -14.5% | 3.68 | |