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Side-by-side financial comparison of BRC Inc. (BRCC) and ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT). Click either name above to swap in a different company.
ESSENTIAL PROPERTIES REALTY TRUST, INC. is the larger business by last-quarter revenue ($158.8M vs $112.7M, roughly 1.4× BRC Inc.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -2.8%, a 40.6% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 6.5%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% 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.
Essential Properties Realty Trust is a publicly traded real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of single-tenant net-leased commercial properties across the United States. Its assets primarily cover essential service-oriented sectors including casual dining, automotive services, medical clinics, early childhood education centers and light industrial facilities, with tenants mostly holding robust long-term operating track records.
BRCC vs EPRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $158.8M |
| Net Profit | $-3.2M | $60.0M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | 56.5% |
| Net Margin | -2.8% | 37.8% |
| Revenue YoY | 6.5% | 22.8% |
| Net Profit YoY | -29.3% | 6.5% |
| EPS (diluted) | $-0.02 | $0.28 |
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 | — | $158.8M | ||
| Q4 25 | $112.7M | $149.9M | ||
| Q3 25 | $100.7M | $144.9M | ||
| Q2 25 | $94.8M | $137.1M | ||
| Q1 25 | $90.0M | $129.4M | ||
| Q4 24 | $105.9M | $119.7M | ||
| Q3 24 | $98.2M | $117.1M | ||
| Q2 24 | $89.0M | $109.3M |
| Q1 26 | — | $60.0M | ||
| Q4 25 | $-3.2M | $68.1M | ||
| Q3 25 | $-486.0K | $65.6M | ||
| Q2 25 | $-5.3M | $63.2M | ||
| Q1 25 | $-2.9M | $56.1M | ||
| Q4 24 | $-2.5M | $55.4M | ||
| Q3 24 | $-535.0K | $49.1M | ||
| Q2 24 | $-482.0K | $51.5M |
| 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 | — | 56.5% | ||
| Q4 25 | -6.3% | 65.9% | ||
| Q3 25 | 0.5% | 64.7% | ||
| Q2 25 | -13.3% | 64.1% | ||
| Q1 25 | -6.0% | 61.6% | ||
| Q4 24 | -2.1% | 66.1% | ||
| Q3 24 | 1.1% | 59.7% | ||
| Q2 24 | 1.1% | 61.1% |
| Q1 26 | — | 37.8% | ||
| Q4 25 | -2.8% | 45.4% | ||
| Q3 25 | -0.5% | 45.3% | ||
| Q2 25 | -5.6% | 46.1% | ||
| Q1 25 | -3.2% | 43.4% | ||
| Q4 24 | -2.3% | 46.3% | ||
| Q3 24 | -0.5% | 42.0% | ||
| Q2 24 | -0.5% | 47.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.02 | $0.34 | ||
| Q3 25 | $0.00 | $0.33 | ||
| Q2 25 | $-0.07 | $0.32 | ||
| Q1 25 | $-0.04 | $0.29 | ||
| Q4 24 | $-0.03 | $0.31 | ||
| Q3 24 | $-0.01 | $0.27 | ||
| Q2 24 | $-0.01 | $0.29 |
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 | $15.2M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $4.4B |
| Total Assets | $209.2M | $7.2B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.2M | ||
| Q4 25 | $4.3M | $60.2M | ||
| Q3 25 | $9.5M | $23.8M | ||
| Q2 25 | $4.3M | $20.8M | ||
| Q1 25 | $3.9M | $47.0M | ||
| Q4 24 | $6.8M | $40.7M | ||
| Q3 24 | $7.3M | $32.7M | ||
| Q2 24 | $9.6M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | $34.7M | $2.5B | ||
| Q3 25 | $35.0M | $2.6B | ||
| Q2 25 | $72.7M | $2.3B | ||
| Q1 25 | $68.8M | $2.1B | ||
| Q4 24 | $65.1M | $2.1B | ||
| Q3 24 | $64.9M | $2.2B | ||
| Q2 24 | $66.5M | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $45.7M | $4.2B | ||
| Q3 25 | $48.0M | $3.8B | ||
| Q2 25 | $10.1M | $3.8B | ||
| Q1 25 | $11.2M | $3.8B | ||
| Q4 24 | $13.2M | $3.6B | ||
| Q3 24 | $14.5M | $3.2B | ||
| Q2 24 | $14.9M | $3.2B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $209.2M | $6.9B | ||
| Q3 25 | $222.4M | $6.6B | ||
| Q2 25 | $225.3M | $6.3B | ||
| Q1 25 | $222.9M | $6.1B | ||
| Q4 24 | $227.4M | $5.8B | ||
| Q3 24 | $233.7M | $5.5B | ||
| Q2 24 | $229.9M | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.60× | ||
| Q3 25 | 0.73× | 0.69× | ||
| Q2 25 | 7.19× | 0.61× | ||
| Q1 25 | 6.15× | 0.56× | ||
| Q4 24 | 4.94× | 0.60× | ||
| Q3 24 | 4.47× | 0.69× | ||
| Q2 24 | 4.46× | 0.59× |
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 | $381.1M | ||
| Q3 25 | $6.4M | $99.0M | ||
| Q2 25 | $-3.3M | $99.8M | ||
| Q1 25 | $-4.1M | $77.2M | ||
| Q4 24 | $2.2M | $308.5M | ||
| Q3 24 | $1.9M | $73.5M | ||
| Q2 24 | $2.3M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $5.6M | — | ||
| Q2 25 | $-4.3M | — | ||
| Q1 25 | $-5.3M | — | ||
| Q4 24 | $504.0K | — | ||
| Q3 24 | $-205.0K | — | ||
| Q2 24 | $147.0K | — |
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | -4.5% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.60× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 5.57× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 1.57× |
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% |
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
