CLAR
Clarus Corporation
CLAR has a slight edge over NIO overall, supported by lower modeled downside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CLAR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Stable |
CLAR's revenue and balance sheet are currently stable, but its profitability and cash flow are under pressure.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
CLAR PE Valuation
CLAR has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 29x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
CLAR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CLAR to return to profit, with revenue holding steady. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over CLAR on the outlook, with more favorable revenue expectations.
CLAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.18 | — |
| Q3 2026 | -$0.69 | +$1.43 |
| Q2 2026 | -$0.82 | +$1.34 |
| Q1 2026 | -$1.16 | +$0.92 |
| Q4 2025 | -$1.21 | +$0.16 |
| Q3 2025 | -$2.12 | -1731% |
| Q2 2025 | -$2.16 | -1300% |
| Q1 2025 | -$2.08 | -900% |
| Q4 2024 | -$1.37 | -$1.10 |
CLAR is still losing money, but far less than before: $0.69 per share over the past year, against $2.22 at its worst in late 2023.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO has the edge over CLAR on earnings, with more consistent year-over-year improvement.
CLAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $71.2M | +2.7% |
| Q2 2026 | $56.2M | +1.6% |
| Q1 2026 | $61.9M | +2.5% |
| Q4 2025 | $65.4M | -8.4% |
| Q3 2025 | $69.3M | +3.3% |
| Q2 2025 | $55.2M | -2.2% |
| Q1 2025 | $60.4M | -13% |
| Q4 2024 | $71.4M | +1377% |
CLAR's revenue fell from its 2021 peak and has held roughly level since: $71M last quarter, up 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +9 points |
| Q2 2026 | 8.1% | +28 points |
| Q1 2026 | -9.8% | +1.4 points |
| Q4 2025 | -60% | +11 points |
| Q3 2025 | -4.4% | +3.6 points |
| Q2 2025 | -20% | -5.3 points |
| Q1 2025 | -11% | -1.4 points |
| Q4 2024 | -70% | +496 points |
CLAR has the edge over NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over CLAR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
CLAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.4M | -$443K |
| Q2 2026 | $636K | +$11.9M |
| Q1 2026 | -$5.7M | -$2.4M |
| Q4 2025 | $11.6M | -19% |
| Q3 2025 | -$7M | +$2.4M |
| Q2 2025 | -$11.3M | -$10.6M |
| Q1 2025 | -$3.3M | +$15M |
| Q4 2024 | $14.4M | +8.2% |
CLAR's free cash flow was −$865,000 over the past year, against −$7M the year before.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
CLAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -74K shares |
| 1 year | -0.3% | -107K shares |
| 3 years | +2.2% | +825K shares |
| 5 years | +5.9% | +2.1M shares |
| Available history | +23% | +7.2M shares |
CLAR has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $447,000 |
| Q1 2026 | $32,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $42,000 |
| Q4 2024 | — |
CLAR spent $479,000 buying back its own shares over the past year, more than ten times what it spent the year before.
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
CLAR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 2.9x | Moderate |
| Q2 2022 | 2.9x | Moderate |
| Q1 2022 | 3.2x | Elevated |
| Q4 2021 | 3.3x | Elevated |
| Q3 2021 | 5.8x | High |
| Q2 2021 | 0.7x | Very low |
| Q1 2021 | 1.2x | Healthy |
| Q4 2020 | 1.3x | Healthy |
CLAR's net debt is about 2.9 years of its operating earnings (EBITDA), down from 5.8 years a year ago.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CLAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 80.0 | Overbought |
| Stochastic | 89.2 | Overbought |
CLAR's weekly RSI is 80 (overbought) and its Stochastic is 89 (overbought).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
CLAR PE vs Consumer Cyclical Sector
| Metric | CLAR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CLAR has no meaningful PE right now: it lost money over the past year.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
CLAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.07 | 27% above |
| 20 week MA | $3.74 | 38% above |
| 50 week MA | $3.38 | 53% above |
| 100 week MA | $3.58 | 44% above |
| 200 week MA | $5.20 | 0.6% below |
CLAR has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
CLAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.6 | $15.4 | +13% |
| 2021 | $15.4 | $26.7 | +73% |
| 2022 | $26.7 | $7.15 | -73% |
| 2023 | $7.15 | $6.90 | -3.5% |
| 2024 | $6.90 | $4.54 | -34% |
| 2025 | $4.54 | $3.38 | -26% |
| 2026 YTD | $3.38 | $5.17 | +53% |
CLAR has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.