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CLAR · NASDAQ · Leisure

Clarus (CLAR)

Builds outdoor equipment and vehicle-adventure accessories through Black Diamond and acquired brands.

$3.63
vs last close+0.06 (+1.57%)
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Clarus CorporationCLAR
Consumer Discretionary

Sells Black Diamond climbing, skiing, trail, and outdoor equipment alongside Rhino-Rack, MAXTRAX, TRED Outdoors, and RockyMounts vehicle-adventure products. Outdoor is the larger segment, products sell globally through retailers, websites, distributors, and OEMs, and the portfolio has been narrowed by recent divestitures.

Runs an outdoor-equipment portfolio split between Outdoor and Adventure. Outdoor centers on Black Diamond climbing, mountaineering, trail running, backpacking, skiing, and related apparel and equipment. Adventure covers Rhino-Rack, MAXTRAX, TRED Outdoors, and RockyMounts vehicle racks, recovery boards, bicycle racks, and accessories.

Products are sold globally through outdoor specialty and online retailers, company websites, distributors, and original equipment manufacturers. Black Diamond gives the portfolio its main technical outdoor identity, while Adventure adds overlanding and vehicle-transport categories across Australia, New Zealand, the United States, and Europe.

Execution depends on product quality, innovation, pricing, customer support, and reliable delivery. Current structure is shaped by recent divestitures, a board-led strategic-alternatives review, and legal and regulatory costs tied to the Black Diamond avalanche-transceiver matter.

Company facts

CEOWarren B. Kanders
ListedMay 27, 1998
ExchangeNASDAQ
HeadquartersSalt Lake City, UT
CountryUnited States
Employees390
CIK0000913277
ISINUS18270P1093

Market cap$137.2M
EPS (ttm)−$0.8221
P/E (ttm)−4.34
ROE-15.5%
P/B0.6929
P/S0.5416
Dividend yieldDiv yield2.80%
Beta1.07vs XLY 0.80

Price target$4.38+22.5%Average of 11 analysts
ConsensusHold7 of 11 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 10, 2026Roth CapitalReiterate
Rating: —Target: $2.90
Rating: NeutralTarget: $3.75
May 12, 2026Roth CapitalTarget
Target: $3.50
Target: $2.90
Apr 16, 2026Stifel NicolausTarget
Target: $6
Target: $5
Mar 6, 2026Stifel NicolausTarget
Target: —
Target: $6

Next report
Nov 5, 26
in 44 days
EPS estimate
$0.06
Revenue estimate
$66.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Jul '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.08−$0.14−$0.22−$0.04−$0.81$0.02$0.18Pending
Estimate$0.10$0.01−$0.01$0.06−$0.02$0.02−$0.07$0.06
Surprise−180.0%−1,500.0%−2,100.0%−166.7%−3,371.9%0.0%+345.5%—

RevenueReportedEstimate

Mar '25May '25Jul '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$71.4M$60.4M$55.2M$69.3M$65.4M$61.9M$56.2MPending
Estimate$68.5M$56.7M$53.5M$66.4M$68.7M$61.2M$51.5M$66.8M
Surprise+4.3%+6.7%+3.3%+4.4%−4.7%+1.2%+9.0%—
Estimate$0.06
ReportedDue Nov 5, 2026
Estimate$66.8M
ReportedDue Nov 5, 2026
View details

Debt to equity8.70%
Current ratio444.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$67.1M$71.4M$60.4M$55.2M$69.3M$65.9M$61.9M$56.2M
Net income−$3.2M−$65.5M−$5.2M−$8.4M−$1.6M−$31.3M−$3.3M$4.7M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%8.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$5.4M−$50.1M−$6.8M−$10.9M−$3.0M−$6.8M−$6.1M$4.6M
YoY growthLoss widenedLoss widenedLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss narrowedTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $28.9M · Total debt $17.2M · Total assets $254.8M · Shareholders' equity $198.1M

Revenue
$56.2M
Operating income
$4.6M
Net income
$4.7M
View details

Dividend yield
2.80%
Next ex-date
Nov 17, 26
estimated · in 56 days
Annual dividend
$0.10
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26
Dividend$0.025$0.025$0.025$0.025$0.025$0.025$0.025$0.025
Annual yield2.38%2.48%3.17%3.12%3.06%3.55%3.42%2.75%
Ex-dateNov 18Mar 17May 19Aug 11Nov 17Mar 16May 18Aug 17
Payment dateNov 27Mar 26May 28Aug 20Nov 26Mar 25May 27Aug 26
View details

Institutions47.63%18.24M shares
92 holders · as of Jun 30, 2026
Insiders32.80%12.56M shares
5 holders · as of Mar 11, 2026
Strategic holders4.06%1.55M shares
1 holder · as of Mar 6, 2018
Other15.51%5.94M shares
remainder

38.29M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Warren B. Kanders1Insiderdirector, 10 percent owner, officer: Executive Chairman
19.26%7.07Mfiled Aug 7, 2025
Greenhouse Funds LLLPInstitution
14.23%5.45Mas of Jun 30, 2026
Brown Advisory Incorporated ("BAI")Insider
11.58%4.44Mfiled Oct 11, 2022
ArrowMark Colorado Holdings, LLCInstitution
5.15%1.97Mfiled Feb 14, 2020
Brown Advisory Incorporated ("BA, Inc.")Strategic
4.06%1.55Mfiled Mar 6, 2018
  1. Warren B. Kanders's transaction reports restate only vehicles that traded; the 2025 ownership statement (7.07M) plus the 300.4K net shares acquired since is used instead.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Clarus$3.63+1.57%$137.2M—31.10.5+1.7%
Amer Sports$27.62+0.62%$15.87B28.919.32.1+32.1%
VF$13.59+4.10%$5.13B18.912.20.5−5.2%
Columbia Sportswear$58.39+2.92%$2.90B14.715.10.9+1.5%
Helen of Troy$28.78+4.09%$644.0M—7.90.4+8.2%
Median18.913.70.7+4.9%