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Side-by-side financial comparison of BRC Inc. (BRCC) and CAMDEN NATIONAL CORP (CAC). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $64.3M, roughly 1.8× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -2.8%, a 36.9% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 7.0%).
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.
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
BRCC vs CAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $64.3M |
| Net Profit | $-3.2M | $21.9M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | — |
| Net Margin | -2.8% | 34.0% |
| Revenue YoY | 6.5% | — |
| Net Profit YoY | -29.3% | — |
| EPS (diluted) | $-0.02 | $1.29 |
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.
| Q1 26 | — | $64.3M | ||
| Q4 25 | $112.7M | $68.1M | ||
| Q3 25 | $100.7M | $65.4M | ||
| Q2 25 | $94.8M | $62.3M | ||
| Q1 25 | $90.0M | $60.1M | ||
| Q4 24 | $105.9M | $47.6M | ||
| Q3 24 | $98.2M | $45.0M | ||
| Q2 24 | $89.0M | $42.8M |
| Q1 26 | — | $21.9M | ||
| Q4 25 | $-3.2M | $22.6M | ||
| Q3 25 | $-486.0K | $21.2M | ||
| Q2 25 | $-5.3M | $14.1M | ||
| Q1 25 | $-2.9M | $7.3M | ||
| Q4 24 | $-2.5M | $14.7M | ||
| Q3 24 | $-535.0K | $13.1M | ||
| Q2 24 | $-482.0K | $12.0M |
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | — | ||
| Q3 25 | 36.9% | — | ||
| Q2 25 | 33.9% | — | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | 41.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | -6.3% | 41.5% | ||
| Q3 25 | 0.5% | 40.5% | ||
| Q2 25 | -13.3% | 28.5% | ||
| Q1 25 | -6.0% | 10.3% | ||
| Q4 24 | -2.1% | 38.7% | ||
| Q3 24 | 1.1% | 35.2% | ||
| Q2 24 | 1.1% | 34.7% |
| Q1 26 | — | 34.0% | ||
| Q4 25 | -2.8% | 33.1% | ||
| Q3 25 | -0.5% | 32.4% | ||
| Q2 25 | -5.6% | 22.6% | ||
| Q1 25 | -3.2% | 12.2% | ||
| Q4 24 | -2.3% | 30.8% | ||
| Q3 24 | -0.5% | 29.1% | ||
| Q2 24 | -0.5% | 28.0% |
| Q1 26 | — | $1.29 | ||
| Q4 25 | $-0.02 | $1.33 | ||
| Q3 25 | $0.00 | $1.25 | ||
| Q2 25 | $-0.07 | $0.83 | ||
| Q1 25 | $-0.04 | $0.43 | ||
| Q4 24 | $-0.03 | $1.00 | ||
| Q3 24 | $-0.01 | $0.90 | ||
| Q2 24 | $-0.01 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.3M | — |
| Total DebtLower is stronger | $34.7M | $514.4M |
| Stockholders' EquityBook value | $45.7M | $710.0M |
| Total Assets | $209.2M | $7.0B |
| Debt / EquityLower = less leverage | 0.76× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.3M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $4.3M | — | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $7.3M | — | ||
| Q2 24 | $9.6M | — |
| Q1 26 | — | $514.4M | ||
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — |
| Q1 26 | — | $710.0M | ||
| Q4 25 | $45.7M | $696.6M | ||
| Q3 25 | $48.0M | $676.4M | ||
| Q2 25 | $10.1M | $652.1M | ||
| Q1 25 | $11.2M | $640.1M | ||
| Q4 24 | $13.2M | $531.2M | ||
| Q3 24 | $14.5M | $529.9M | ||
| Q2 24 | $14.9M | $508.3M |
| Q1 26 | — | $7.0B | ||
| Q4 25 | $209.2M | $7.0B | ||
| Q3 25 | $222.4M | $7.0B | ||
| Q2 25 | $225.3M | $6.9B | ||
| Q1 25 | $222.9M | $7.0B | ||
| Q4 24 | $227.4M | $5.8B | ||
| Q3 24 | $233.7M | $5.7B | ||
| Q2 24 | $229.9M | $5.7B |
| Q1 26 | — | 0.72× | ||
| 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× | — |
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 | $-8.7M | — |
| Free Cash FlowOCF − Capex | $-9.4M | — |
| FCF MarginFCF / Revenue | -8.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $63.9M | ||
| Q3 25 | $6.4M | $36.1M | ||
| Q2 25 | $-3.3M | $6.0M | ||
| Q1 25 | $-4.1M | $1.0M | ||
| Q4 24 | $2.2M | $60.9M | ||
| Q3 24 | $1.9M | $-14.5M | ||
| Q2 24 | $2.3M | $14.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.4M | $58.2M | ||
| Q3 25 | $5.6M | $35.4M | ||
| Q2 25 | $-4.3M | $4.5M | ||
| Q1 25 | $-5.3M | $-727.0K | ||
| Q4 24 | $504.0K | $55.4M | ||
| Q3 24 | $-205.0K | $-16.2M | ||
| Q2 24 | $147.0K | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 85.5% | ||
| Q3 25 | 5.5% | 54.1% | ||
| Q2 25 | -4.5% | 7.3% | ||
| Q1 25 | -5.9% | -1.2% | ||
| Q4 24 | 0.5% | 116.4% | ||
| Q3 24 | -0.2% | -36.0% | ||
| Q2 24 | 0.2% | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 8.4% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 1.0% | 2.4% | ||
| Q1 25 | 1.3% | 2.9% | ||
| Q4 24 | 1.6% | 11.7% | ||
| Q3 24 | 2.2% | 3.8% | ||
| Q2 24 | 2.4% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.83× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 4.15× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
