Clarus Corporation

CLAR

Leisure · Consumer Cyclical

Price

$3.71

+0.10 (+2.77%)

Market Cap

$142.6M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

Dividends

Mixed

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Share count rising — dilution

+7.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 35.7M (2021) → 38.4M (2025)

Winston Score History

The full picture

Clarus Corporation is a small outdoor gear company that owns several well-known brands in the adventure sports market. Its most recognized brand is Black Diamond, which makes climbing equipment, ski gear, and headlamps used by serious outdoor athletes and everyday hikers. Clarus also owns PIEPS, an avalanche safety brand, and has sold or restructured other brands in recent years.

Clarus earns money by selling physical gear through outdoor retailers, specialty shops, and its own websites, primarily in North America and Europe. With a market cap of around $100 million, it is a small player competing against much larger sporting goods companies, though Black Diamond has a loyal following among climbers and backcountry skiers. The company is currently unprofitable, with negative operating and return-on-capital margins, and its main challenge is cutting costs and growing sales enough to return to profitability in a competitive and weather-dependent outdoor market.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+154.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

37.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$29M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Clarus Corporation is growing revenue at 2% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

48.9%

Healthy — 48.9% gross margin

Profit after running costs

Operating Margin

8.1%

Modest — 8.1% operating margin

Return on the money invested

ROCE

-5.7%

Weak — -5.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-0.3%

Shrinking sales (-0.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-0.2%

Burning cash (-0.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

—

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

2.70%

Moderate income — 2.70% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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