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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) and Energy Recovery, Inc. (ERII). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $51.5M, roughly 1.3× Black Rock Coffee Bar, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -1.4%, a 41.6% gap on every dollar of revenue. Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M 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.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
BRCB vs ERII — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.5M | $66.9M |
| Net Profit | $-712.0K | $26.9M |
| Gross Margin | — | 67.2% |
| Operating Margin | -12.4% | 46.8% |
| Net Margin | -1.4% | 40.2% |
| Revenue YoY | — | -0.3% |
| Net Profit YoY | — | 14.7% |
| EPS (diluted) | $-0.05 | $0.49 |
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 | — | $66.9M | ||
| Q3 25 | $51.5M | $32.0M | ||
| Q2 25 | — | $28.1M | ||
| Q4 24 | — | $67.1M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $12.1M | ||
| Q4 23 | — | $57.2M |
| Q4 25 | — | $26.9M | ||
| Q3 25 | $-712.0K | $3.9M | ||
| Q2 25 | — | $2.1M | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | — | $8.5M | ||
| Q2 24 | — | $-642.0K | ||
| Q1 24 | — | $-8.3M | ||
| Q4 23 | — | $19.8M |
| Q4 25 | — | 67.2% | ||
| Q3 25 | — | 64.2% | ||
| Q2 25 | — | 64.0% | ||
| Q4 24 | — | 70.2% | ||
| Q3 24 | — | 65.1% | ||
| Q2 24 | — | 64.6% | ||
| Q1 24 | — | 59.0% | ||
| Q4 23 | — | 69.1% |
| Q4 25 | — | 46.8% | ||
| Q3 25 | -12.4% | 11.4% | ||
| Q2 25 | — | 5.3% | ||
| Q4 24 | — | 38.2% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | — | -90.4% | ||
| Q4 23 | — | 36.0% |
| Q4 25 | — | 40.2% | ||
| Q3 25 | -1.4% | 12.1% | ||
| Q2 25 | — | 7.3% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | -2.4% | ||
| Q1 24 | — | -68.3% | ||
| Q4 23 | — | 34.6% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | $-0.05 | $0.07 | ||
| Q2 25 | — | $0.04 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-0.14 | ||
| Q4 23 | — | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $32.6M | $75.2M |
| Total DebtLower is stronger | $20.0M | — |
| Stockholders' EquityBook value | $43.0M | $206.2M |
| Total Assets | $323.2M | $231.5M |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $75.2M | ||
| Q3 25 | $32.6M | $70.4M | ||
| Q2 25 | — | $79.5M | ||
| Q4 24 | — | $78.0M | ||
| Q3 24 | — | $118.6M | ||
| Q2 24 | — | $101.0M | ||
| Q1 24 | — | $117.4M | ||
| Q4 23 | — | $108.5M |
| Q4 25 | — | — | ||
| Q3 25 | $20.0M | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | $206.2M | ||
| Q3 25 | $43.0M | $180.8M | ||
| Q2 25 | — | $185.2M | ||
| Q4 24 | — | $210.0M | ||
| Q3 24 | — | $233.9M | ||
| Q2 24 | — | $218.5M | ||
| Q1 24 | — | $216.0M | ||
| Q4 23 | — | $219.8M |
| Q4 25 | — | $231.5M | ||
| Q3 25 | $323.2M | $209.6M | ||
| Q2 25 | — | $212.3M | ||
| Q4 24 | — | $242.8M | ||
| Q3 24 | — | $262.7M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $244.3M | ||
| Q4 23 | — | $253.0M |
| Q4 25 | — | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $-2.9M | $7.1M |
| Free Cash FlowOCF − Capex | $-25.8M | $6.4M |
| FCF MarginFCF / Revenue | -50.2% | 9.6% |
| Capex IntensityCapex / Revenue | 44.5% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.1M | ||
| Q3 25 | $-2.9M | $-3.1M | ||
| Q2 25 | — | $4.1M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $-3.0M | ||
| Q2 24 | — | $8.1M | ||
| Q1 24 | — | $6.5M | ||
| Q4 23 | — | $13.8M |
| Q4 25 | — | $6.4M | ||
| Q3 25 | $-25.8M | $-3.5M | ||
| Q2 25 | — | $4.0M | ||
| Q4 24 | — | $8.9M | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | — | $7.9M | ||
| Q1 24 | — | $5.7M | ||
| Q4 23 | — | $12.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | -50.2% | -10.9% | ||
| Q2 25 | — | 14.3% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | -8.2% | ||
| Q2 24 | — | 28.9% | ||
| Q1 24 | — | 46.9% | ||
| Q4 23 | — | 21.7% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 44.5% | 1.1% | ||
| Q2 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 6.8% | ||
| Q4 23 | — | 2.4% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | -0.81× | ||
| Q2 25 | — | 2.02× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | -0.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCB
Segment breakdown not available.
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
