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Side-by-side financial comparison of BELLRING BRANDS, INC. (BRBR) and BRC Inc. (BRCC). Click either name above to swap in a different company.
BELLRING BRANDS, INC. is the larger business by last-quarter revenue ($537.3M vs $112.7M, roughly 4.8× BRC Inc.). BELLRING BRANDS, INC. runs the higher net margin — 8.1% vs -2.8%, a 11.0% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs 0.8%). BELLRING BRANDS, INC. produced more free cash flow last quarter ($-7.3M vs $-9.4M). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs 4.2%).
Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
BRBR vs BRCC — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $537.3M | $112.7M |
| Net Profit | $43.7M | $-3.2M |
| Gross Margin | 29.9% | 32.1% |
| Operating Margin | 14.6% | -6.3% |
| Net Margin | 8.1% | -2.8% |
| Revenue YoY | 0.8% | 6.5% |
| Net Profit YoY | -43.2% | -29.3% |
| EPS (diluted) | $0.36 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $537.3M | $112.7M | ||
| Q3 25 | $648.2M | $100.7M | ||
| Q2 25 | $547.5M | $94.8M | ||
| Q1 25 | $588.0M | $90.0M | ||
| Q4 24 | $532.9M | $105.9M | ||
| Q3 24 | $555.8M | $98.2M | ||
| Q2 24 | $515.4M | $89.0M | ||
| Q1 24 | $494.6M | $98.4M |
| Q4 25 | $43.7M | $-3.2M | ||
| Q3 25 | $59.6M | $-486.0K | ||
| Q2 25 | $21.0M | $-5.3M | ||
| Q1 25 | $58.7M | $-2.9M | ||
| Q4 24 | $76.9M | $-2.5M | ||
| Q3 24 | $71.7M | $-535.0K | ||
| Q2 24 | $73.7M | $-482.0K | ||
| Q1 24 | $57.2M | $548.0K |
| Q4 25 | 29.9% | 32.1% | ||
| Q3 25 | 28.9% | 36.9% | ||
| Q2 25 | 35.4% | 33.9% | ||
| Q1 25 | 32.3% | 36.1% | ||
| Q4 24 | 37.5% | 38.1% | ||
| Q3 24 | 36.9% | 42.1% | ||
| Q2 24 | 36.8% | 41.9% | ||
| Q1 24 | 33.2% | 42.9% |
| Q4 25 | 14.6% | -6.3% | ||
| Q3 25 | 15.8% | 0.5% | ||
| Q2 25 | 8.2% | -13.3% | ||
| Q1 25 | 16.2% | -6.0% | ||
| Q4 24 | 21.6% | -2.1% | ||
| Q3 24 | 20.2% | 1.1% | ||
| Q2 24 | 21.7% | 1.1% | ||
| Q1 24 | 18.4% | 4.0% |
| Q4 25 | 8.1% | -2.8% | ||
| Q3 25 | 9.2% | -0.5% | ||
| Q2 25 | 3.8% | -5.6% | ||
| Q1 25 | 10.0% | -3.2% | ||
| Q4 24 | 14.4% | -2.3% | ||
| Q3 24 | 12.9% | -0.5% | ||
| Q2 24 | 14.3% | -0.5% | ||
| Q1 24 | 11.6% | 0.6% |
| Q4 25 | $0.36 | $-0.02 | ||
| Q3 25 | $0.48 | $0.00 | ||
| Q2 25 | $0.16 | $-0.07 | ||
| Q1 25 | $0.45 | $-0.04 | ||
| Q4 24 | $0.59 | $-0.03 | ||
| Q3 24 | $0.54 | $-0.01 | ||
| Q2 24 | $0.56 | $-0.01 | ||
| Q1 24 | $0.43 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.1M | $4.3M |
| Total DebtLower is stronger | $1.2B | $34.7M |
| Stockholders' EquityBook value | $-510.7M | $45.7M |
| Total Assets | $1.1B | $209.2M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $4.3M | ||
| Q3 25 | $71.8M | $9.5M | ||
| Q2 25 | $43.7M | $4.3M | ||
| Q1 25 | $28.1M | $3.9M | ||
| Q4 24 | $49.6M | $6.8M | ||
| Q3 24 | $70.8M | $7.3M | ||
| Q2 24 | $72.6M | $9.6M | ||
| Q1 24 | $79.3M | $4.0M |
| Q4 25 | $1.2B | $34.7M | ||
| Q3 25 | $1.1B | $35.0M | ||
| Q2 25 | $1.0B | $72.7M | ||
| Q1 25 | $953.7M | $68.8M | ||
| Q4 24 | $833.4M | $65.1M | ||
| Q3 24 | $833.1M | $64.9M | ||
| Q2 24 | $832.7M | $66.5M | ||
| Q1 24 | $832.4M | $61.5M |
| Q4 25 | $-510.7M | $45.7M | ||
| Q3 25 | $-453.9M | $48.0M | ||
| Q2 25 | $-309.9M | $10.1M | ||
| Q1 25 | $-254.1M | $11.2M | ||
| Q4 24 | $-146.6M | $13.2M | ||
| Q3 24 | $-205.9M | $14.5M | ||
| Q2 24 | $-243.2M | $14.9M | ||
| Q1 24 | $-247.7M | $14.6M |
| Q4 25 | $1.1B | $209.2M | ||
| Q3 25 | $941.0M | $222.4M | ||
| Q2 25 | $993.7M | $225.3M | ||
| Q1 25 | $947.5M | $222.9M | ||
| Q4 24 | $885.2M | $227.4M | ||
| Q3 24 | $837.0M | $233.7M | ||
| Q2 24 | $804.1M | $229.9M | ||
| Q1 24 | $765.0M | $227.2M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 7.19× | ||
| Q1 25 | — | 6.15× | ||
| Q4 24 | — | 4.94× | ||
| Q3 24 | — | 4.47× | ||
| Q2 24 | — | 4.46× | ||
| Q1 24 | — | 4.21× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.1M | $-8.7M |
| Free Cash FlowOCF − Capex | $-7.3M | $-9.4M |
| FCF MarginFCF / Revenue | -1.4% | -8.3% |
| Capex IntensityCapex / Revenue | 0.8% | 0.6% |
| Cash ConversionOCF / Net Profit | -0.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.9M | $-13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-8.7M | ||
| Q3 25 | $169.1M | $6.4M | ||
| Q2 25 | $40.3M | $-3.3M | ||
| Q1 25 | $48.2M | $-4.1M | ||
| Q4 24 | $3.0M | $2.2M | ||
| Q3 24 | $40.1M | $1.9M | ||
| Q2 24 | $69.0M | $2.3M | ||
| Q1 24 | $16.3M | $4.9M |
| Q4 25 | $-7.3M | $-9.4M | ||
| Q3 25 | $168.1M | $5.6M | ||
| Q2 25 | $38.5M | $-4.3M | ||
| Q1 25 | $47.6M | $-5.3M | ||
| Q4 24 | $1.7M | $504.0K | ||
| Q3 24 | $38.9M | $-205.0K | ||
| Q2 24 | $68.9M | $147.0K | ||
| Q1 24 | $16.0M | $2.2M |
| Q4 25 | -1.4% | -8.3% | ||
| Q3 25 | 25.9% | 5.5% | ||
| Q2 25 | 7.0% | -4.5% | ||
| Q1 25 | 8.1% | -5.9% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 7.0% | -0.2% | ||
| Q2 24 | 13.4% | 0.2% | ||
| Q1 24 | 3.2% | 2.2% |
| Q4 25 | 0.8% | 0.6% | ||
| Q3 25 | 0.2% | 0.8% | ||
| Q2 25 | 0.3% | 1.0% | ||
| Q1 25 | 0.1% | 1.3% | ||
| Q4 24 | 0.2% | 1.6% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.1% | 2.8% |
| Q4 25 | -0.07× | — | ||
| Q3 25 | 2.84× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.28× | 8.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
