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Clarus
(NASDAQ:CLAR)
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Rating:56Neutral
Price Target:
$3.50
▲(7.36% Upside)
Action:Reiterated
Date:08/07/26
CLAR scores in the mid-range primarily due to mixed financial performance: strong deleveraging to a debt-free balance sheet and improving revenue/gross margin are offset by ongoing losses and weak/negative free cash flow. The latest earnings call was supportive with higher adjusted EBITDA guidance, but the uplift is meaningfully influenced by one-time benefits and Adventure revenue weakness. Technically, momentum is moderately positive, while valuation is constrained by losses despite a ~3.1% dividend yield.
Positive Factors
Debt-free balance sheet and sizable equity
Zero debt and a roughly $198M equity base against ~$255M in assets materially lower financial risk and increase strategic optionality. This durability supports capital allocation (buybacks, M&A, capex) and provides a buffer through demand cycles, improving resilience over months.
Negative Factors
Persistent unprofitability and negative returns
Sustained negative net and EBIT margins and a -15.5% TTM ROE indicate the asset base and equity are not generating profits. Persistent unprofitability constrains reinvestment and shareholder returns, and must be resolved structurally for long-term value creation despite recent operational gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet and sizable equity
Zero debt and a roughly $198M equity base against ~$255M in assets materially lower financial risk and increase strategic optionality. This durability supports capital allocation (buybacks, M&A, capex) and provides a buffer through demand cycles, improving resilience over months.
Read all positive factors
Clarus (CLAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$138.99M
Dividend Yield2.76%
Average Volume (3M)141.12K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth-0.10%
EPS Growth61.92%
CountryUS
Employees390
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.82
Shares Outstanding38,288,155
10 Day Avg. Volume185,971
30 Day Avg. Volume141,122
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.65
Price to Sales (P/S)0.51
P/FCF Ratio-12.98
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$4.06Price Target Upside24.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.11
Revenue Forecast (FY)$249.22M
Clarus Business Overview & Revenue Model
Company Description
Clarus Corporation is a global enterprise specializing in the design, production, and supply of outdoor gear and lifestyle goods for consumer markets spanning the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa...
How the Company Makes Money
Clarus makes money primarily by selling branded outdoor and adventure products through wholesale and direct-to-consumer (DTC) channels. Revenue is generated from (1) wholesale sales to retailers, distributors, and specialty shops that carry its br...
Clarus Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Neutral
The call highlights meaningful operational progress at the Outdoor segment (revenue growth across core categories, improved full-price apparel mix, and solid adjusted EBITDA) and margin recovery at Adventure driven by cost reductions. Balance-sheet strength (debt-free position), positive free cash flow improvement, a modest buyback and an upgraded full-year adjusted EBITDA guide are positive signals. However, a material portion of the improved profitability is attributable to a one-time $6.1M tariff refund, Adventure revenue remains pressured (-11.9% YoY), inventory is up 12% and macro/geopolitical risks (Middle East conflict, potential inflation) and pending litigation create uncertainty. Overall, positives and one-time benefits are balanced by persistent top-line weakness in Adventure and external risks.Positive Updates
Consolidated Revenue Growth
Q2 consolidated sales of $56.2M, up 1.6% versus $55.2M in the prior year period.
Negative Updates
Adventure Revenue Decline
Adventure segment sales declined 11.9% YoY; North America and Australian markets pressured top-line results and initiatives to reach new customers underperformed.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Q2 consolidated sales of $56.2M, up 1.6% versus $55.2M in the prior year period.
Read all positive updates
Company Guidance
Clarus reiterated full‑year revenue guidance of $245–$255 million, calling for roughly $182 million of Outdoor revenue and $68 million of Adventure revenue, and raised full‑year adjusted EBITDA to $12–$13 million (about a 5% adjusted‑EBITDA margin at the midpoint) versus prior guidance of $3–$5 million—an increase largely driven by a ~$6.1 million IEEPA tariff refund and the removal of roughly $2 million of expected legal costs; third‑quarter revenue is expected to be $66–$68 million with Q3 adjusted EBITDA of about $3 million.Clarus Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 253.37M | 250.44M | 264.31M | 286.02M | 315.25M | 265.97M |
| Gross Profit | 90.11M | 82.98M | 92.62M | 97.51M | 109.95M | 87.87M |
| EBITDA | -29.67M | -44.71M | -9.35M | 1.49M | 12.09M | 13.03M |
| Net Income | -31.46M | -46.56M | -52.29M | -10.15M | -69.78M | 26.09M |
Balance Sheet | ||||||
| Total Assets | 254.83M | 249.03M | 294.09M | 495.34M | 518.14M | 631.83M |
| Cash, Cash Equivalents and Short-Term Investments | 28.93M | 36.69M | 45.36M | 11.32M | 11.98M | 19.46M |
| Total Debt | 17.15M | 12.29M | 16.65M | 136.00M | 154.65M | 159.47M |
| Total Liabilities | 56.76M | 52.63M | 61.00M | 203.22M | 226.04M | 261.66M |
| Stockholders Equity | 198.07M | 196.39M | 233.09M | 292.12M | 292.11M | 370.17M |
Cash Flow | ||||||
| Free Cash Flow | -422.00K | -9.91M | -14.04M | 25.96M | 6.36M | -17.69M |
| Operating Cash Flow | 4.36M | -4.75M | -7.30M | 31.92M | 14.61M | -304.00K |
| Investing Cash Flow | 2.75M | 2.77M | 165.16M | -11.42M | -7.75M | -178.14M |
| Financing Cash Flow | -6.32M | -5.88M | -123.24M | -20.25M | -13.86M | 180.68M |
Clarus Technical Analysis
Positive
3.26
Price Trends
3.26
Positive
3.01
Positive
3.15
Positive
Market Momentum
0.13
Negative
61.18
Neutral
55.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLAR, the sentiment is Positive. The current price of 3.26 is below the 20-day moving average (MA) of 3.43, above the 50-day MA of 3.26, and above the 200-day MA of 3.15, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 61.18 is Neutral, neither overbought nor oversold. The STOCH value of 55.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CLAR.
Clarus Risk Analysis
Clarus disclosed 51 risk factors in its most recent earnings report. Clarus reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Clarus Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $278.90M | 12.13 | 13.11% | 3.25% | 0.97% | 80.59% | |
64 Neutral | $5.30B | 24.64 | 25.98% | 0.94% | 8.77% | -2.02% | |
62 Neutral | $495.07M | -61.21 | -1.90% | 2.87% | 17.49% | 82.16% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $138.99M | -4.42 | -15.46% | 3.07% | -0.10% | 61.92% | |
54 Neutral | $152.94M | -16.60 | -5.50% | ― | -14.30% | -10604.41% |
* Consumer Cyclical Sector Average
CLAR
Clarus
3.62
0.24
7.16%
ESCA
Escalade
20.33
8.23
68.09%
GOLF
Acushnet Holdings
89.58
12.11
15.63%
JOUT
Johnson Outdoors
47.85
9.13
23.60%
AOUT
American Outdoor Brands
11.53
1.98
20.73%
Clarus Corporate Events
Executive/Board ChangesShareholder Meetings
Clarus Shareholders Approve Directors, Pay and Auditor Slate
Positive
Jun 1, 2026
At its recent annual meeting, Clarus reported that 32,544,653 of 38,441,486 outstanding common shares were present or represented by proxy, reflecting approximately 84.66% shareholder participation in the vote. Stockholders elected five directors&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.