
What smart money is saying about Clarus Corp
4 funds in our archive have pitched Clarus Corp — most recently Maran Capital in December 2025.
Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Its Outdoor segment offers activity-based apparel, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; skincare and other products; and skis, ski poles, ski skins, and snow safety products, such as avalanche airbag systems, avalanche transceivers, shovels, and probes. This segment offers its products for climbing, mountaineering, trail running, backpacking, skiing, and other outdoor recreation activities under the Black Diamond Equipment, PIEPS, and SKINourishment brands. The company's Precision Sport segment manufactures bullets and ammunition products for precision target shooting, hunting, and military and law enforcement purposes under the Sierra and Barnes brands. The company sells its products to mountain, rock, ice, and gym climbers; and winter outdoor enthusiasts, trail runners, backpackers, competitive shooters, hunters, and outdoor consumers. Its Adventure segment offers engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, and accessories under the Rhino-Rack brand; and overlanding and off-road vehicle recovery and extraction tracks for the overland and the off-road market under the MAXTRAX brand. It markets and distributes its products through independent specialty stores and specialty chains, sporting goods and outdoor recreation stores, distributors, and original equipment manufacturers; and independent distributors, as well as through its websites. The company was incorporated in 1991 and is headquartered in Salt Lake City, Utah.
Fund coverage · 4 theses
- Maran CapitalDecember 2025
Clarus Corp owns the Black Diamond and Rhino-Rack brands and trades at a steep discount to revenue with potential catalysts from asset sales, supported by a net cash balance sheet and aligned owner-operator leadership.
Read the full thesis - Laughing Water CapitalSeptember 2025
Clarus Corp (CLAR) is undervalued compared to private market transactions and has insiders incentivized to maximize shareholder value, making it a strong investment thesis despite a recent earnings miss.
Read the full thesis - Laughing Water CapitalJune 2025
Clarus Corp. is an undervalued outdoor adventure gear company led by a motivated chairman, with potential for significant appreciation due to brand value and strategic asset management.
Read the full thesis - Maran CapitalDecember 2024
Clarus is undervalued with a strong balance sheet, accelerating profitability, and trading at significantly lower multiples compared to peers.
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