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Side-by-side financial comparison of BRC Inc. (BRCC) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.

BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $58.8M, roughly 1.9× CBAK Energy Technology, Inc.). BRC Inc. runs the higher net margin — -2.8% vs -12.5%, a 9.7% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 6.5%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-9.4M). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs -0.0%).

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.

CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.

BRCC vs CBAT — Head-to-Head

Bigger by revenue
BRCC
BRCC
1.9× larger
BRCC
$112.7M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+125.3% gap
CBAT
131.8%
6.5%
BRCC
Higher net margin
BRCC
BRCC
9.7% more per $
BRCC
-2.8%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$25.5M more FCF
CBAT
$16.1M
$-9.4M
BRCC
Faster 2-yr revenue CAGR
BRCC
BRCC
Annualised
BRCC
7.0%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRCC
BRCC
CBAT
CBAT
Revenue
$112.7M
$58.8M
Net Profit
$-3.2M
$-7.4M
Gross Margin
32.1%
7.3%
Operating Margin
-6.3%
-13.6%
Net Margin
-2.8%
-12.5%
Revenue YoY
6.5%
131.8%
Net Profit YoY
-29.3%
-63.6%
EPS (diluted)
$-0.02
$-0.08

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
BRCC
BRCC
CBAT
CBAT
Q4 25
$112.7M
$58.8M
Q3 25
$100.7M
$60.9M
Q2 25
$94.8M
$40.5M
Q1 25
$90.0M
$34.9M
Q4 24
$105.9M
$25.4M
Q3 24
$98.2M
$44.6M
Q2 24
$89.0M
$47.8M
Q1 24
$98.4M
$58.8M
Net Profit
BRCC
BRCC
CBAT
CBAT
Q4 25
$-3.2M
$-7.4M
Q3 25
$-486.0K
$2.7M
Q2 25
$-5.3M
$-3.1M
Q1 25
$-2.9M
$-1.6M
Q4 24
$-2.5M
$-4.5M
Q3 24
$-535.0K
$17.6K
Q2 24
$-482.0K
$6.4M
Q1 24
$548.0K
$9.8M
Gross Margin
BRCC
BRCC
CBAT
CBAT
Q4 25
32.1%
7.3%
Q3 25
36.9%
8.0%
Q2 25
33.9%
11.0%
Q1 25
36.1%
13.7%
Q4 24
38.1%
13.1%
Q3 24
42.1%
15.6%
Q2 24
41.9%
26.6%
Q1 24
42.9%
31.9%
Operating Margin
BRCC
BRCC
CBAT
CBAT
Q4 25
-6.3%
-13.6%
Q3 25
0.5%
-6.6%
Q2 25
-13.3%
-8.7%
Q1 25
-6.0%
-8.2%
Q4 24
-2.1%
-26.0%
Q3 24
1.1%
-1.9%
Q2 24
1.1%
12.4%
Q1 24
4.0%
17.4%
Net Margin
BRCC
BRCC
CBAT
CBAT
Q4 25
-2.8%
-12.5%
Q3 25
-0.5%
4.4%
Q2 25
-5.6%
-7.6%
Q1 25
-3.2%
-4.5%
Q4 24
-2.3%
-17.8%
Q3 24
-0.5%
0.0%
Q2 24
-0.5%
13.5%
Q1 24
0.6%
16.7%
EPS (diluted)
BRCC
BRCC
CBAT
CBAT
Q4 25
$-0.02
$-0.08
Q3 25
$0.00
$0.03
Q2 25
$-0.07
$-0.03
Q1 25
$-0.04
$-0.02
Q4 24
$-0.03
$-0.05
Q3 24
$-0.01
$0.00
Q2 24
$-0.01
$0.07
Q1 24
$0.01
$0.11

Balance Sheet & Financial Strength

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

Metric
BRCC
BRCC
CBAT
CBAT
Cash + ST InvestmentsLiquidity on hand
$4.3M
$8.3M
Total DebtLower is stronger
$34.7M
$4.1M
Stockholders' EquityBook value
$45.7M
$112.7M
Total Assets
$209.2M
$426.2M
Debt / EquityLower = less leverage
0.76×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCC
BRCC
CBAT
CBAT
Q4 25
$4.3M
$8.3M
Q3 25
$9.5M
$10.5M
Q2 25
$4.3M
$45.7M
Q1 25
$3.9M
$9.6M
Q4 24
$6.8M
$11.0M
Q3 24
$7.3M
$24.2M
Q2 24
$9.6M
$44.1M
Q1 24
$4.0M
$23.8M
Total Debt
BRCC
BRCC
CBAT
CBAT
Q4 25
$34.7M
$4.1M
Q3 25
$35.0M
$4.8M
Q2 25
$72.7M
$4.9M
Q1 25
$68.8M
$4.1M
Q4 24
$65.1M
Q3 24
$64.9M
Q2 24
$66.5M
Q1 24
$61.5M
Stockholders' Equity
BRCC
BRCC
CBAT
CBAT
Q4 25
$45.7M
$112.7M
Q3 25
$48.0M
$121.4M
Q2 25
$10.1M
$118.2M
Q1 25
$11.2M
$120.8M
Q4 24
$13.2M
$121.7M
Q3 24
$14.5M
$131.2M
Q2 24
$14.9M
$126.6M
Q1 24
$14.6M
$120.9M
Total Assets
BRCC
BRCC
CBAT
CBAT
Q4 25
$209.2M
$426.2M
Q3 25
$222.4M
$363.9M
Q2 25
$225.3M
$333.1M
Q1 25
$222.9M
$311.5M
Q4 24
$227.4M
$302.2M
Q3 24
$233.7M
$293.5M
Q2 24
$229.9M
$279.6M
Q1 24
$227.2M
$286.5M
Debt / Equity
BRCC
BRCC
CBAT
CBAT
Q4 25
0.76×
0.04×
Q3 25
0.73×
0.04×
Q2 25
7.19×
0.04×
Q1 25
6.15×
0.03×
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
BRCC
BRCC
CBAT
CBAT
Operating Cash FlowLast quarter
$-8.7M
$29.8M
Free Cash FlowOCF − Capex
$-9.4M
$16.1M
FCF MarginFCF / Revenue
-8.3%
27.3%
Capex IntensityCapex / Revenue
0.6%
23.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.5M
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCC
BRCC
CBAT
CBAT
Q4 25
$-8.7M
$29.8M
Q3 25
$6.4M
$14.6M
Q2 25
$-3.3M
$13.8M
Q1 25
$-4.1M
$-9.6M
Q4 24
$2.2M
$9.6M
Q3 24
$1.9M
$19.7M
Q2 24
$2.3M
$2.9M
Q1 24
$4.9M
$7.4M
Free Cash Flow
BRCC
BRCC
CBAT
CBAT
Q4 25
$-9.4M
$16.1M
Q3 25
$5.6M
$6.0M
Q2 25
$-4.3M
$4.1M
Q1 25
$-5.3M
$-22.3M
Q4 24
$504.0K
$3.9M
Q3 24
$-205.0K
$16.5M
Q2 24
$147.0K
$2.5M
Q1 24
$2.2M
$-454.0K
FCF Margin
BRCC
BRCC
CBAT
CBAT
Q4 25
-8.3%
27.3%
Q3 25
5.5%
9.9%
Q2 25
-4.5%
10.2%
Q1 25
-5.9%
-63.9%
Q4 24
0.5%
15.5%
Q3 24
-0.2%
37.1%
Q2 24
0.2%
5.2%
Q1 24
2.2%
-0.8%
Capex Intensity
BRCC
BRCC
CBAT
CBAT
Q4 25
0.6%
23.4%
Q3 25
0.8%
14.1%
Q2 25
1.0%
23.8%
Q1 25
1.3%
36.3%
Q4 24
1.6%
22.5%
Q3 24
2.2%
7.0%
Q2 24
2.4%
0.9%
Q1 24
2.8%
13.4%
Cash Conversion
BRCC
BRCC
CBAT
CBAT
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
Q2 24
0.46×
Q1 24
8.97×
0.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRCC
BRCC

Sales Channel Through Intermediary$72.9M65%
Sales Channel Directly To Consumer$34.4M31%
Outpost$5.4M5%

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

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