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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) and CITIZENS, INC. (CIA). Click either name above to swap in a different company.

CITIZENS, INC. is the larger business by last-quarter revenue ($72.1M vs $51.5M, roughly 1.4× Black Rock Coffee Bar, Inc.). CITIZENS, INC. runs the higher net margin — 10.2% vs -1.4%, a 11.6% gap on every dollar of revenue. CITIZENS, INC. produced more free cash flow last quarter ($17.5M vs $-25.8M).

Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.

Citizen Watch Co., Ltd. , also known as the Citizen Group, is an electronics company primarily known for its watches and is the core company of a Japanese global corporate group based in Nishitokyo, Tokyo, Japan. In addition to Citizen brand watches, it is the parent of American watch company Bulova. Beyond watches, Citizen also manufactures calculators, printers, health care devices, and precision CNC machining equipment.

BRCB vs CIA — Head-to-Head

Bigger by revenue
CIA
CIA
1.4× larger
CIA
$72.1M
$51.5M
BRCB
Higher net margin
CIA
CIA
11.6% more per $
CIA
10.2%
-1.4%
BRCB
More free cash flow
CIA
CIA
$43.4M more FCF
CIA
$17.5M
$-25.8M
BRCB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BRCB
BRCB
CIA
CIA
Revenue
$51.5M
$72.1M
Net Profit
$-712.0K
$7.3M
Gross Margin
Operating Margin
-12.4%
10.9%
Net Margin
-1.4%
10.2%
Revenue YoY
13.5%
Net Profit YoY
102.7%
EPS (diluted)
$-0.05

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.

Revenue
BRCB
BRCB
CIA
CIA
Q4 25
$72.1M
Q3 25
$51.5M
$62.8M
Q2 25
$65.1M
Q1 25
$55.7M
Q4 24
$63.5M
Q3 24
$61.7M
Q2 24
$62.1M
Q1 24
$57.7M
Net Profit
BRCB
BRCB
CIA
CIA
Q4 25
$7.3M
Q3 25
$-712.0K
$2.4M
Q2 25
$6.5M
Q1 25
$-1.6M
Q4 24
$3.6M
Q3 24
$2.8M
Q2 24
$4.0M
Q1 24
$4.5M
Operating Margin
BRCB
BRCB
CIA
CIA
Q4 25
10.9%
Q3 25
-12.4%
7.1%
Q2 25
10.6%
Q1 25
-3.2%
Q4 24
5.9%
Q3 24
4.9%
Q2 24
5.3%
Q1 24
8.5%
Net Margin
BRCB
BRCB
CIA
CIA
Q4 25
10.2%
Q3 25
-1.4%
3.8%
Q2 25
9.9%
Q1 25
-2.9%
Q4 24
5.7%
Q3 24
4.5%
Q2 24
6.4%
Q1 24
7.9%
EPS (diluted)
BRCB
BRCB
CIA
CIA
Q4 25
Q3 25
$-0.05
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRCB
BRCB
CIA
CIA
Cash + ST InvestmentsLiquidity on hand
$32.6M
$23.0M
Total DebtLower is stronger
$20.0M
Stockholders' EquityBook value
$43.0M
$235.0M
Total Assets
$323.2M
$1.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCB
BRCB
CIA
CIA
Q4 25
$23.0M
Q3 25
$32.6M
$23.1M
Q2 25
$22.7M
Q1 25
$18.4M
Q4 24
$29.3M
Q3 24
$32.4M
Q2 24
$26.3M
Q1 24
$23.2M
Total Debt
BRCB
BRCB
CIA
CIA
Q4 25
Q3 25
$20.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BRCB
BRCB
CIA
CIA
Q4 25
$235.0M
Q3 25
$43.0M
$225.6M
Q2 25
$229.0M
Q1 25
$218.1M
Q4 24
$210.4M
Q3 24
$207.6M
Q2 24
$191.5M
Q1 24
$195.2M
Total Assets
BRCB
BRCB
CIA
CIA
Q4 25
$1.8B
Q3 25
$323.2M
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
BRCB
BRCB
CIA
CIA
Q4 25
Q3 25
0.46×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRCB
BRCB
CIA
CIA
Operating Cash FlowLast quarter
$-2.9M
$18.0M
Free Cash FlowOCF − Capex
$-25.8M
$17.5M
FCF MarginFCF / Revenue
-50.2%
24.3%
Capex IntensityCapex / Revenue
44.5%
0.6%
Cash ConversionOCF / Net Profit
2.45×
TTM Free Cash FlowTrailing 4 quarters
$26.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCB
BRCB
CIA
CIA
Q4 25
$18.0M
Q3 25
$-2.9M
$4.7M
Q2 25
$3.5M
Q1 25
$748.0K
Q4 24
$31.9M
Q3 24
$9.7M
Q2 24
$4.6M
Q1 24
$6.8M
Free Cash Flow
BRCB
BRCB
CIA
CIA
Q4 25
$17.5M
Q3 25
$-25.8M
$4.6M
Q2 25
$3.3M
Q1 25
$641.0K
Q4 24
$31.3M
Q3 24
$9.3M
Q2 24
$4.5M
Q1 24
$6.7M
FCF Margin
BRCB
BRCB
CIA
CIA
Q4 25
24.3%
Q3 25
-50.2%
7.3%
Q2 25
5.1%
Q1 25
1.2%
Q4 24
49.2%
Q3 24
15.1%
Q2 24
7.2%
Q1 24
11.7%
Capex Intensity
BRCB
BRCB
CIA
CIA
Q4 25
0.6%
Q3 25
44.5%
0.1%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
1.0%
Q3 24
0.6%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
BRCB
BRCB
CIA
CIA
Q4 25
2.45×
Q3 25
1.93×
Q2 25
0.54×
Q1 25
Q4 24
8.81×
Q3 24
3.48×
Q2 24
1.16×
Q1 24
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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