Clarus Corp. (CLAR) intrinsic value & 10-year financials
Clarus Corp. (CLAR) has a Graham intrinsic value of $12.91 per share. At $3.60 on Oct 17, 2026, the stock trades 72% below that value. Over the last 10 fiscal years revenue grew 6.0% a year to $250.4M, with an average return on invested capital of -5.1%.
- Graham intrinsic value
- $12.91
- Share price (Oct 17, 2026)
- $3.60
- Price vs Graham value
- 72% below
- Market cap
- $138.2M
- Revenue (FY2025)
- $250.4M
- Revenue growth (10-yr CAGR)
- 6.0%
- ROIC (10-yr avg)
- -5.1%
- Free cash flow (FY2025)
- -$9.9M
CLAR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $250.4M | -$46.6M | -$1.21 | -$9.9M | -23.8% | -26.2% |
| FY2024 | $264.3M | -$52.3M | -$1.37 | -$14.0M | -26.6% | -19.1% |
| FY2023 | $286.0M | -$10.1M | -$0.27 | $26.2M | -7.4% | -3.2% |
| FY2022 | $448.1M | -$69.8M | -$1.88 | $6.4M | -15.0% | -13.7% |
| FY2021 | $375.8M | $26.1M | $0.73 | -$17.7M | 5.6% | 6.1% |
| FY2020 | $224.0M | $5.5M | $0.18 | $24.0M | 1.8% | 1.9% |
| FY2019 | $229.4M | $19.0M | $0.61 | $5.4M | 5.0% | 5.9% |
| FY2018 | $212.1M | $7.3M | $0.24 | $8.0M | 3.9% | 4.4% |
| FY2017 | $170.7M | -$673.0K | -$0.02 | -$11.8M | -2.8% | -1.6% |
| FY2016 | $148.2M | -$9.0M | -$0.30 | $2.2M | -4.0% | -5.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Clarus Corp has demonstrated mature, steady growth, with revenue compounding at 6.0% annually over the past decade.
Clarus Corp has historically struggled to out-earn its cost of capital, averaging just -5.1% ROIC.
Clarus Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Clarus Corp is modeled at 6.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $12.91 per share.