olivLaw · US equity research
Clarus Corporation CLAR
Sporting & Athletic Goods, NEC · SIC 3949 · Vertical: Sporting & Athletic Goods, NEC (SIC 3949)
Clarus Corporation, based in Salt Lake City, designs and sells outdoor performance equipment and lifestyle products under the Black Diamond, Rhino-Rack, MAXTRAX, TRED and RockyMounts brands. In 2026 it is simplifying its portfolio and reviewing strategic alternatives, while quarterly results were lifted by a tariff refund. Second-quarter 2026 sales were 56.2 million USD.
At the close of 04 Nov 2026, Clarus Corporation (CLAR) stock was 4.42 USD (−2.86% on the day), with market capitalisation 169.2 m USD, dividend yield 2.26%, beta 0.98, 52-week range 2.53–4.55 USD. Latest reported quarter (Q2 2026): revenue of 56.2 m USD (+1.6% YoY), net income of 4.7 m USD, diluted EPS 0.12 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 72.6
- overbought (≥ 70)
- Bollinger (20, 2)
- 3.08 – 4.68
- in the upper half of the band · %B 0.84 · band width 41.3%
- SMA 50 / 200
- 3.72 / 3.28
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.25 / 0.17
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +28.1% | −1.1% | +29.2 pp | — |
| 3 months | +31.9% | −0.5% | +32.4 pp | — |
| 6 months | +50.3% | +4.4% | +45.9 pp | — |
| Year to date | +31.9% | +12.3% | +19.6 pp | — |
| 1 year | +33.9% | +13.5% | +20.4 pp | +2.1% |
| 3 years | −27.3% | +76.4% | −103.7 pp | −3.5% |
| 5 years | −85.1% | +63.7% | −148.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67.1 m | 71.4 m | 60.4 m | 55.2 m | 69.3 m | 65.4 m | 61.9 m | 56.2 m |
| Cost of revenue | 43.6 m | 47.5 m | 39.6 m | 35.6 m | 45.0 m | 47.3 m | 39.2 m | 28.7 m |
| Gross profit | 23.5 m | 23.9 m | 20.8 m | 19.7 m | 24.4 m | 18.1 m | 22.8 m | 27.5 m |
| SG&A | 27.9 m | 27.8 m | 26.6 m | 26.9 m | 26.2 m | 25.5 m | 26.6 m | 24.3 m |
| Operating income | -5.4 m | -50.1 m | -6.8 m | -10.9 m | -3.0 m | -39.0 m | -6.1 m | 4.6 m |
| Pre-tax income | -3.8 m | -52.2 m | -6.0 m | -9.3 m | -3.9 m | -37.9 m | -3.1 m | 4.7 m |
| Income tax | -664.0 k | 21.1 m | -802.0 k | -831.0 k | -2.2 m | -6.7 m | 223.0 k | 22.0 k |
| Net income | -3.2 m | -65.5 m | -5.2 m | -8.4 m | -1.6 m | -31.3 m | -3.3 m | 4.7 m |
| Diluted EPS | -0.08 | -1.71 ≈ | -0.14 | -0.22 | -0.04 | -0.81 ≈ | -0.09 | 0.12 |
| Operating cash flow | -8.3 m ≈ | 16.6 m | -2.1 m | -9.4 m ≈ | -5.7 m ≈ | 12.5 m | -4.1 m | 1.7 m ≈ |
| Capex | 1.1 m | 2.2 m | 1.2 m | 1.9 m | 1.2 m | 903.0 k | 1.6 m | 1.1 m ≈ |
| Dividends paid | 959.0 k ≈ | 959.0 k | 959.0 k | 961.0 k ≈ | 960.0 k ≈ | 960.0 k | 961.0 k | 961.0 k ≈ |
| Share repurchases | 0 ≈ | 0 | 42.0 k | 0 ≈ | 0 ≈ | 0 | 32.0 k | 447.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 212.1 m | 229.4 m | 224.0 m | 266.0 m | 315.3 m | 286.0 m | 264.3 m | 250.4 m |
| Revenue YoY | +24.3% | +8.2% | −2.4% | +18.7% | +18.5% | −9.3% | −7.6% | −5.2% |
| Net income | 7.3 m | 19.0 m | 5.5 m | 26.1 m | -69.8 m | -10.1 m | -52.3 m | -46.6 m |
| Net income YoY | unavailable | +159.9% | −70.8% | +370.6% | −367.4% | unavailable | unavailable | unavailable |
| Diluted EPS | 0.24 | 0.61 | 0.18 | 0.73 | -1.88 | -0.27 | -1.37 | -1.21 |
| Diluted EPS YoY | unavailable | +154.2% | −70.5% | +305.6% | −357.5% | unavailable | unavailable | unavailable |
| net % | 3.4% | 8.3% | 2.5% | 9.8% | -22.1% | -3.5% | -19.8% | -18.6% |
| Free cash flow | 8.0 m | 5.4 m | 24.0 m | -17.7 m | 6.4 m | 26.2 m | -14.0 m | -9.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 36.7 m USD
- Financial debt
- 0 USD
- Net debt
- -36.7 m USD
- Equity
- 196.4 m USD
- Total assets
- 249.0 m USD
- Debt / equity
- 0.00x
- Current ratio
- 4.23x
- ROE
- -21.7%
- ROA
- -17.1%
- FCF margin
- -4.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 224.0 m | 266.0 m | 315.3 m | 286.0 m | 264.3 m | 250.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Cost of revenue | 146.2 m | 178.1 m | 205.3 m | 188.5 m | 171.7 m | 167.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Gross profit | 77.8 m | 87.9 m | 110.0 m | 97.5 m | 92.6 m | 83.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Research & development | 10.2 m | 10.4 m | 13.0 m | 12.7 m | 12.2 m | 11.9 m | SEC (XBRL)· 05 Mar 2026verified |
| SG&A | 71.4 m | 90.7 m | 120.8 m | 114.6 m | 111.9 m | 105.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Operating income | 3.9 m | -12.7 m | -106.5 m | -21.1 m | -70.4 m | -59.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Pre-tax income | 3.6 m | -17.1 m | -107.5 m | -20.1 m | -70.6 m | -57.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Income tax | -2.0 m | -19.2 m | -14.7 m | -4.3 m | 17.9 m | -10.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Net income | 5.5 m | 26.1 m | -69.8 m | -10.1 m | -52.3 m | -46.6 m | SEC (XBRL)· 05 Mar 2026verified |
| Diluted EPS | 0.18 | 0.73 | -1.88 | -0.27 | -1.37 | -1.21 | SEC (XBRL)· 05 Mar 2026verified |
| Weighted average diluted shares | 31.2 m | 35.7 m | 37.2 m | 37.5 m | 38.3 m | 38.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Dividend per share | 0.05 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | SEC (XBRL)· 05 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 17.8 m | 19.5 m | 12.0 m | 11.3 m | 45.4 m | 36.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Receivables | 50.5 m | 66.2 m | 48.1 m | 54.0 m | 43.7 m | 44.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Inventories | 68.4 m | 129.4 m | 107.6 m | 91.4 m | 82.3 m | 83.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Current assets | 142.1 m | 226.9 m | 238.6 m | 299.7 m | 177.8 m | 171.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Property, plant & equipment, net | 27.0 m | 42.8 m | 17.3 m | 16.6 m | 17.6 m | 18.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Goodwill | 26.7 m | 91.4 m | 36.3 m | 39.3 m | 3.8 m | — | SEC (XBRL)· 06 Mar 2025verified |
| Intangibles (excl. goodwill) | 19.4 m | 73.7 m | 48.3 m | 41.5 m | 31.5 m | 23.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Total assets | 280.7 m | 631.8 m | 518.1 m | 495.3 m | 294.1 m | 249.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Accounts payable | 21.5 m | 31.5 m | 24.8 m | 20.0 m | 11.9 m | 15.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Short-term debt | 4.0 m | 9.6 m | 11.9 m | 119.8 m | 1.9 m | — | SEC (XBRL)· 06 Mar 2025verified |
| Long-term debt | 30.6 m | 131.9 m | 127.1 m | 119.8 m | 1.9 m | 0 | SEC (XBRL)· 05 Mar 2026verified |
| Current liabilities | 39.6 m | 73.0 m | 64.6 m | 170.9 m | 36.0 m | 40.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Total liabilities | 76.1 m | 261.7 m | 226.0 m | 203.2 m | 61.0 m | 52.6 m | SEC (XBRL)· 05 Mar 2026verified |
| Equity | 204.6 m † | 370.2 m † | 292.1 m † | 292.1 m † | 233.1 m † | 196.4 m † | SEC (XBRL)· 05 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 29.4 m | -304.0 k | 14.6 m | 31.9 m | -7.3 m | -4.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Capex | 5.4 m | 17.4 m | 8.3 m | 5.7 m | 6.7 m | 5.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Free cash flow | 24.0 m ≈ | -17.7 m ≈ | 6.4 m ≈ | 26.2 m ≈ | -14.0 m ≈ | -9.9 m ≈ | SEC (XBRL)· 05 Mar 2026derived |
| Investing cash flow | -35.6 m | -178.1 m | -7.8 m | -11.4 m | 165.2 m | 2.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Financing cash flow | 22.3 m | 180.7 m | -13.9 m | -20.3 m | -123.2 m | -5.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Dividends paid | 1.5 m | 3.3 m | 3.7 m | 3.8 m | 3.8 m | 3.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Share repurchases | 1.5 m | 651.0 k | 8.3 m | 222.0 k | 185.0 k | 42.0 k | SEC (XBRL)· 05 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 169.2 m USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.31 – 1.77 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)1.31 – 1.77 (Mid 1.51)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -12.4% | 27 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -7.4% | 0 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 4.4x | 100 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -0.2% | 0 (on a fixed band) | 25% |
| Shareholder yield (distributions) · Returns | 2.6% | 36 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial27/100 · 1/3 factors with a value
- Returns· partial36/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CLARUS CORPORATION (CLAR). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 250.4 m USD in 2025; YoY growth -5.2%; net margin -12.4%; ROE -14.9%.
The estimated value range is 1.31–1.77 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 1.51 USD, the price of 4.42 USD leaves a potential of -65.9% (value / price − 1) and a margin of safety of -193.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 4.4x
What contradicts it
- Net margin: -12.4%
- Revenue CAGR 3Y: -7.4%
- FCF yield: -0.2%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Sporting & Athletic Goods, NEC (SIC 3949) · same industry (4-digit SIC) · compared with 11 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| GOLFAcushnet Holdings Corp. | 4.9 bn | 23.3 | 25.7% | 8.2% | +4.1% | +2% / +52% |
| YETIYETI Holdings, Inc. | 3.5 bn | 21.1 | 25.3% | 9.2% | unavailable | +17% / +13% |
| CALYCallaway Golf Company | 3.0 bn | — | -11.3% | -12.4% | −0.8% | +29% / +35% |
| ESCAEscalade, Incorporated | 290.7 m | 12.1 | 13.5% | 10.0% | −4.5% | +59% / +14% |
| AOUTAmerican Outdoor Brands, Inc. | 226.2 m | — | -2.4% | -2.0% | −14.3% | +150% / +109% |
| CLARClarus Corporation | 169.2 m | — | -14.9% | -12.4% | −5.2% | +34% / −27% |
| KBSXFST Corp. | 62.2 m | — | -7.8% | -3.1% | +31.4% | −1% / −87% |
| GMEXGmex Robotics Corporation | 10.7 m | — | -91.5% | -308.0% | +7.9% | −100% / −100% |
| NWTGNewton Golf Company, Inc. | 4.9 m | — | -2,023.2% | -124.4% | +136.1% | −45% / −100% |
| TRUGTrugolf Holdings, Inc. | 586.0 k | — | -349.3% | -55.7% | −13.6% | −100% / −100% |
| JOUTJohnson Outdoors Inc. | — | — | -1.8% | -1.2% | −0.1% | +19% / −7% |
| PTONPeloton Interactive, Inc. | — | 39.0 | — | 2.6% | −1.8% | −20% / −4% |
1- and 3-year price returns: for CLAR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Clarus Corporation, based in Salt Lake City, designs and sells outdoor performance equipment and lifestyle products under the Black Diamond, Rhino-Rack, MAXTRAX, TRED and RockyMounts brands. In 2026 it is simplifying its portfolio and reviewing strategic alternatives, while quarterly results were lifted by a tariff refund. Second-quarter 2026 sales were 56.2 million USD 3.
SWOT
Strengths
- A portfolio of established brands with strong recognition in outdoor communities and a long record of innovation 1.
- A debt-free capital structure gives flexibility for investment and for difficult periods 13.
- Gross margin improved in the Adventure segment, and Outdoor sales grew in the second quarter of 2026 3.
Weaknesses
- Adventure segment sales declined in the second quarter of 2026 because of market conditions in Australia and North America 3.
- Quarterly results were affected by non-recurring items such as the tariff refund, which makes period comparisons harder 3.
- The company has recorded impairment charges and repeated restructuring costs in recent years 1.
Opportunities
- International expansion of the brands, especially Rhino-Rack, in markets where its share is very small 1.
- The ONWRD acquisition could add higher-margin in-vehicle accessories to the portfolio 3.
- The outcome of the strategic review could create shareholder value through asset sales or other transactions 3.
Threats
Risks
- Avalanche transceiver investigationhigh
A US consumer product regulator has recommended substantial civil penalties and the Department of Justice has opened an investigation; the outcome and financial impact cannot yet be estimated 1.
- Product liabilityhigh
Products used in high-risk activities can give rise to liability claims, and the company does not carry insurance against all recall types 1.
- Tariffs and international trademedium
Changes in tariffs, trade policy and global market instability could affect costs and margins 12.
- Supply chainmedium
Disruptions in the supply chain or in logistics could affect deliveries and sales 1.
- Strategic reviewlow
There is no deadline or guarantee that the review of strategic alternatives will lead to a transaction, and the uncertainty may weigh on operations 3.
Investment thesis
What would need to be true (bull case)
- If the established brands and outdoor trends keep demand steady, Outdoor sales growth could continue and margins could hold up after the portfolio simplification 13.
- The debt-free balance sheet gives the company flexibility for small acquisitions or responses to market shifts 13.
- If the strategic review produced a favourable transaction, value for shareholders could be unlocked 3.
What would break the thesis
- The product safety investigation could lead to financial penalties and reputational damage, with unclear effects on liquidity 1.
- The quarterly margin improvement was supported by a non-recurring gain, which makes underlying performance hard to judge 3.
- Adventure segment sales declined, and weak conditions in Australia and North America could persist 3.
What to watch
- Delivery against the 2026 sales and adjusted EBITDA outlookQ3 2026
- Outcome of the strategic review of alternatives2026
- Adventure segment sales trend after the ONWRD acquisitionQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Clarus is a global designer, developer, manufacturer and distributor of outdoor equipment and lifestyle products, sold mainly under the Black Diamond, Rhino-Rack, MAXTRAX, TRED Outdoors and RockyMounts brands 1. Products are marketed in more than 50 countries through specialty stores, online retailers, its own websites, distributors and OEMs 1. The company grew through acquisitions in Australia and, as of December 31, 2025, reported no debt 1.
Leadership holds a significant stake in the company, which the company says aligns management and board interests with those of shareholders 1. Clarus sold its Precision Sport segment in February 2024 and PIEPS in July 2025 1. In August 2026 it said a review of strategic alternatives, with Jefferies as adviser, is under way 3.
Market context
The company argues its brands benefit from long-term trends such as rising outdoor participation, the growth of overlanding and off-road driving, and climbing becoming mainstream 1. It also describes the European alpine market as larger than the US market and highly fragmented 1.
Demand depends on discretionary consumer spending, general economic conditions and tariff policy, which the company lists as risks 12. Inflationary pressure and pricing actions are noted, and revenue and margins could be affected if demand weakens 2.
Trends
- Rising outdoor participationtailwind
The company sees growing participation in outdoor activities, alongside consumer interest in health and wellness, which could support demand for Black Diamond products 1.
- Overlanding and off-roadtailwind
The company believes overlanding has created a niche in light trucks and SUVs that could benefit Rhino-Rack, MAXTRAX, TRED and RockyMounts, especially in Australia 1.
- Macroeconomic and geopolitical pressureheadwind
Management says a challenging geopolitical and macroeconomic environment could weigh on demand and revenue 3.
- Tariffs and trade policymixed
The IEEPA tariff refund lifted second-quarter 2026 gross margin, but changes in tariffs and trade policy remain a source of uncertainty for costs 23.
Competitive position
Clarus sells through specialty retailers, distributors and online channels, and describes its markets as highly competitive, with fast shifts in consumer preferences 1. Its leadership position is not assured in every market, particularly outside Europe and Australia 1.
Its stated strengths are an established brand portfolio, innovation capability and a debt-free balance sheet 1. If these strengths are not maintained, the company could lose market share to rivals 1.
- Other outdoor and climbing equipment makers
The source refers to competitors in climbing, mountaineering and skiing equipment only in general terms, without naming them 1.
- Vehicle accessory makers for overlanding
The company notes competition in vehicle and off-road accessories, without naming competitors in the sources provided 1.
- Bicycle rack manufacturers
RockyMounts operates in a market with similar products, and the source does not identify direct competitors 1.
- Specialty distributors and retailers
Sales depend on specialty retailers and distributors, which can also compete on pricing and inventory 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report06 Aug 2026
- Current report06 Aug 2026Results of operations · Financial statements and exhibits
- Current report01 Jun 2026Shareholder vote
- Quarterly report07 May 2026
- Current report07 May 2026Results of operations · Financial statements and exhibits
- Proxy statement24 Apr 2026
- Annual report05 Mar 2026
- Current report05 Mar 2026Results of operations · Financial statements and exhibits
- Quarterly report06 Nov 2025
- Current report06 Nov 2025Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Clarus Corporation · 05 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Clarus Corporation · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Clarus Corporation · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.