Latest Ratios: P/E Ratio -2.6x · EV/EBITDA N/A · ROE -21.7%. (1998–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $121M | $129M | $173M | $259M | $292M | $989M | $481M | $420M | $305M | $236M | $163M |
| Enterprise Value | $97M | $104M | $144M | $383M | $434M | $1.1B | $503M | $441M | $325M | $255M | $90M |
| P/E Ratio → | -2.61 | — | — | — | — | 37.97 | 85.56 | 22.13 | 42.00 | — | — |
| P/S Ratio | 0.48 | 0.51 | 0.65 | 0.90 | 0.93 | 3.72 | 2.15 | 1.83 | 1.44 | 1.38 | 1.10 |
| P/B Ratio | 0.62 | 0.65 | 0.74 | 0.89 | 1.00 | 2.67 | 2.35 | 2.32 | 1.83 | 1.45 | 1.01 |
| P/FCF | — | — | — | 9.96 | 45.86 | — | 20.05 | 77.74 | 37.99 | — | 72.52 |
| P/OCF | — | — | — | 8.10 | 19.96 | — | 16.36 | 44.14 | 26.77 | — | 33.83 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.42 | 0.54 | 1.34 | 1.38 | 4.25 | 2.25 | 1.92 | 1.53 | 1.49 | 0.61 |
| EV / EBITDA | — | — | — | — | — | 362.16 | 39.29 | 22.59 | 19.71 | 573.87 | — |
| EV / EBIT | — | — | — | — | — | — | 103.81 | 38.91 | 32.92 | — | — |
| EV / FCF | — | — | — | 14.77 | 68.29 | — | 20.98 | 81.62 | 40.44 | — | 40.06 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1% | 33.1% | 35.0% | 34.1% | 34.9% | 33.0% | 34.7% | 35.0% | 34.9% | 31.5% | 29.5% |
| Operating Margin | -10.7% | -10.7% | -26.6% | -7.4% | -33.8% | -4.8% | 1.8% | 5.0% | 3.9% | -2.8% | -4.0% |
| Net Profit Margin | -18.6% | -18.6% | -19.8% | -3.5% | -22.1% | 9.8% | 2.5% | 8.3% | 3.4% | -0.4% | -6.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.7% | -21.7% | -19.9% | -3.5% | -21.1% | 9.1% | 2.9% | 10.9% | 4.4% | -0.4% | -5.3% |
| ROA | -17.1% | -17.1% | -13.2% | -2.0% | -12.1% | 5.7% | 2.2% | 8.6% | 3.5% | -0.3% | -4.1% |
| ROIC | -10.7% | -10.7% | -17.0% | -3.7% | -16.9% | -2.6% | 1.4% | 4.4% | 3.3% | -2.7% | -4.6% |
| ROCE | -11.5% | -11.5% | -24.2% | -5.4% | -21.0% | -3.2% | 1.8% | 5.8% | 4.3% | -2.7% | -3.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.07 | 0.47 | 0.53 | 0.43 | 0.20 | 0.13 | 0.13 | 0.13 | 0.14 |
| Debt / EBITDA | — | — | — | — | — | 51.14 | 3.12 | 1.16 | 1.34 | 46.94 | — |
| Net Debt / Equity | — | -0.12 | -0.12 | 0.43 | 0.49 | 0.38 | 0.11 | 0.12 | 0.12 | 0.12 | -0.45 |
| Net Debt / EBITDA | — | — | — | — | — | 44.90 | 1.74 | 1.07 | 1.19 | 42.76 | — |
| Debt / FCF | — | — | — | 4.80 | 22.43 | — | 0.93 | 3.88 | 2.45 | — | -32.46 |
| Interest Coverage | — | — | — | — | -1.38 | -0.95 | 3.84 | 8.35 | 7.36 | -3.47 | -1.89 |
Net cash position: cash ($37M) exceeds total debt ($12M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.23 | 4.23 | 4.93 | 1.75 | 3.69 | 3.11 | 3.59 | 4.92 | 4.99 | 5.03 | 4.11 |
| Quick Ratio | 2.18 | 2.18 | 2.65 | 1.22 | 2.03 | 1.34 | 1.86 | 1.93 | 2.00 | 2.09 | 2.99 |
| Cash Ratio | 0.91 | 0.91 | 1.26 | 0.07 | 0.19 | 0.27 | 0.45 | 0.07 | 0.11 | 0.09 | 2.33 |
| Asset Turnover | — | 1.01 | 0.90 | 0.58 | 0.61 | 0.42 | 0.80 | 1.00 | 1.00 | 0.82 | 0.70 |
| Inventory Turnover | 2.02 | 2.02 | 2.09 | 2.06 | 1.91 | 1.38 | 2.14 | 2.03 | 2.13 | 2.01 | 2.30 |
| Days Sales Outstanding | — | 67.40 | 61.57 | 70.01 | 59.24 | 90.98 | 82.44 | 66.74 | 61.88 | 76.59 | 57.43 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.2% | 3.0% | 2.2% | 1.4% | 1.3% | 0.3% | 0.3% | 0.7% | 0.5% | — | — |
| Payout Ratio | — | — | — | — | — | 12.8% | 27.4% | 15.7% | 20.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 2.6% | 1.2% | 4.5% | 2.4% | — | — |
| FCF Yield | — | — | — | 10.0% | 2.2% | — | 5.0% | 1.3% | 2.6% | — | 1.4% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.1% | 2.8% | 0.1% | 0.3% | 1.0% | 1.9% | 0.0% | 3.2% |
| Total Shareholder Yield | 3.2% | 3.0% | 2.3% | 1.5% | 4.1% | 0.4% | 0.6% | 1.7% | 2.4% | 0.0% | 3.2% |
| Shares Outstanding | — | $38M | $38M | $37M | $37M | $36M | $31M | $31M | $30M | $30M | $31M |
Persistent negative operating margins
According to recent market data, Clarus trades at a forward P/E of 28.64, a multiple that appears disconnected from the company's history of negative earnings and suggests investors are pricing in a significant, yet unproven, recovery in operational profitability following the recent divestiture of the Precision Sport segment.
The negative TTM P/E ratio highlights the absence of core earnings, making traditional valuation metrics difficult to apply. Investors should monitor whether the premium valuation relative to the P/B of 0.62 reflects genuine growth expectations or merely a speculative bet on the company's ability to successfully pivot its remaining outdoor and adventure brands.
As reported in financial statements, the company's gross margin has fluctuated significantly, reaching 36.8% in 2026Q1, yet the persistent negative operating margins indicate that the firm's current cost structure remains misaligned with its revenue base, failing to translate brand equity into sustainable bottom-line profitability for shareholders.
The inability to maintain positive operating margins suggests that fixed costs, including R&D and corporate overhead, are currently too high for the post-divestiture revenue scale. This trend warrants further investigation into whether the company can achieve operating leverage or if the current margin profile is a structural limitation of its business model.
Based on the provided quarterly data, ROIC has remained consistently negative, bottoming out at -15.3% in 2024Q4, which suggests that the company is currently destroying shareholder value rather than compounding it, as the returns on invested capital fail to cover the cost of maintaining its technical brand portfolio.
The persistent negative ROIC trend indicates that the capital allocated to the Outdoor and Adventure segments is not generating sufficient returns to justify the investment. Investors should monitor whether management's capital allocation strategy can reverse this decay or if further asset impairments are likely in the coming quarters.
According to the latest quarterly filings, the cash conversion cycle remains elevated at 225 days as of 2026Q1, driven by high inventory days of 190, which suggests that the company is struggling to efficiently manage its seasonal inventory levels in a challenging retail environment for outdoor equipment.
The high DIO relative to peers indicates that Clarus may be carrying excess stock, which ties up liquidity and increases the risk of future markdowns. This inefficiency in working capital management appears to be a primary driver of the company's inconsistent cash flow performance and requires immediate operational improvement.
While the company's current ratio of 4.39 might suggest a strong liquidity position, this metric is commonly misapplied to Clarus, as it obscures the reality that a significant portion of current assets is tied up in slow-moving, seasonal inventory that may not be easily liquidated.
Investors should prioritize the quick ratio or cash-to-burn analysis over the current ratio to better assess the company's true ability to meet short-term obligations. Relying on the current ratio ignores the potential for significant inventory write-downs, which could rapidly erode the company's perceived liquidity buffer under stress.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying CLAR stock.
Clarus Corporation's current P/E ratio is -2.6x. The historical average is 45.2x.
Clarus Corporation's return on equity (ROE) is -21.7%. The historical average is -9.6%.
Based on historical data, Clarus Corporation is trading at a P/E of -2.6x. Compare with industry peers and growth rates for a complete picture.
Clarus Corporation's current dividend yield is 3.17%.
Clarus Corporation has 33.1% gross margin and -10.7% operating margin.