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Side-by-side financial comparison of BRC Inc. (BRCC) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $112.7M, roughly 1.3× BRC Inc.). BRC Inc. runs the higher net margin — -2.8% vs -68.1%, a 65.2% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 6.5%). BRC Inc. produced more free cash flow last quarter ($-9.4M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% 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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
BRCC vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $143.5M |
| Net Profit | $-3.2M | $-97.7M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | -45.7% |
| Net Margin | -2.8% | -68.1% |
| Revenue YoY | 6.5% | 77.7% |
| Net Profit YoY | -29.3% | 21.6% |
| EPS (diluted) | $-0.02 | $-1.04 |
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 | $112.7M | $143.5M | ||
| Q3 25 | $100.7M | $140.6M | ||
| Q2 25 | $94.8M | $122.3M | ||
| Q1 25 | $90.0M | $96.2M | ||
| Q4 24 | $105.9M | $80.8M | ||
| Q3 24 | $98.2M | $83.3M | ||
| Q2 24 | $89.0M | $84.9M | ||
| Q1 24 | $98.4M | $82.5M |
| Q4 25 | $-3.2M | $-97.7M | ||
| Q3 25 | $-486.0K | $-104.5M | ||
| Q2 25 | $-5.3M | $-70.0M | ||
| Q1 25 | $-2.9M | $120.2M | ||
| Q4 24 | $-2.5M | $-124.7M | ||
| Q3 24 | $-535.0K | $-43.0M | ||
| Q2 24 | $-482.0K | $-48.1M | ||
| Q1 24 | $548.0K | $-50.3M |
| 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 24 | 42.9% | — |
| Q4 25 | -6.3% | -45.7% | ||
| Q3 25 | 0.5% | -70.8% | ||
| Q2 25 | -13.3% | -56.4% | ||
| Q1 25 | -6.0% | 81.8% | ||
| Q4 24 | -2.1% | -152.7% | ||
| Q3 24 | 1.1% | -51.7% | ||
| Q2 24 | 1.1% | -56.4% | ||
| Q1 24 | 4.0% | -58.8% |
| Q4 25 | -2.8% | -68.1% | ||
| Q3 25 | -0.5% | -74.4% | ||
| Q2 25 | -5.6% | -57.2% | ||
| Q1 25 | -3.2% | 125.0% | ||
| Q4 24 | -2.3% | -154.4% | ||
| Q3 24 | -0.5% | -51.6% | ||
| Q2 24 | -0.5% | -56.7% | ||
| Q1 24 | 0.6% | -60.9% |
| Q4 25 | $-0.02 | $-1.04 | ||
| Q3 25 | $0.00 | $-1.38 | ||
| Q2 25 | $-0.07 | $-0.73 | ||
| Q1 25 | $-0.04 | $0.89 | ||
| Q4 24 | $-0.03 | $-1.21 | ||
| Q3 24 | $-0.01 | $-0.45 | ||
| Q2 24 | $-0.01 | $-0.52 | ||
| Q1 24 | $0.01 | $-0.54 |
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 | $57.4M |
| Total DebtLower is stronger | $34.7M | $3.8B |
| Stockholders' EquityBook value | $45.7M | $21.3M |
| Total Assets | $209.2M | $5.7B |
| Debt / EquityLower = less leverage | 0.76× | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $57.4M | ||
| Q3 25 | $9.5M | $34.7M | ||
| Q2 25 | $4.3M | $33.6M | ||
| Q1 25 | $3.9M | $26.3M | ||
| Q4 24 | $6.8M | $27.8M | ||
| Q3 24 | $7.3M | $20.3M | ||
| Q2 24 | $9.6M | $33.1M | ||
| Q1 24 | $4.0M | $23.0M |
| Q4 25 | $34.7M | $3.8B | ||
| Q3 25 | $35.0M | $3.7B | ||
| Q2 25 | $72.7M | $3.1B | ||
| Q1 25 | $68.8M | $2.8B | ||
| Q4 24 | $65.1M | $1.6B | ||
| Q3 24 | $64.9M | $1.5B | ||
| Q2 24 | $66.5M | $1.6B | ||
| Q1 24 | $61.5M | $1.3B |
| Q4 25 | $45.7M | $21.3M | ||
| Q3 25 | $48.0M | $181.1M | ||
| Q2 25 | $10.1M | $375.5M | ||
| Q1 25 | $11.2M | $476.2M | ||
| Q4 24 | $13.2M | $202.7M | ||
| Q3 24 | $14.5M | $370.8M | ||
| Q2 24 | $14.9M | $394.8M | ||
| Q1 24 | $14.6M | $402.5M |
| Q4 25 | $209.2M | $5.7B | ||
| Q3 25 | $222.4M | $5.5B | ||
| Q2 25 | $225.3M | $4.4B | ||
| Q1 25 | $222.9M | $4.1B | ||
| Q4 24 | $227.4M | $2.4B | ||
| Q3 24 | $233.7M | $2.4B | ||
| Q2 24 | $229.9M | $2.5B | ||
| Q1 24 | $227.2M | $2.3B |
| Q4 25 | 0.76× | 176.99× | ||
| Q3 25 | 0.73× | 20.59× | ||
| Q2 25 | 7.19× | 8.21× | ||
| Q1 25 | 6.15× | 5.79× | ||
| Q4 24 | 4.94× | 7.84× | ||
| Q3 24 | 4.47× | 4.14× | ||
| Q2 24 | 4.46× | 3.94× | ||
| Q1 24 | 4.21× | 3.34× |
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 | $-2.8M |
| Free Cash FlowOCF − Capex | $-9.4M | $-68.6M |
| FCF MarginFCF / Revenue | -8.3% | -47.8% |
| Capex IntensityCapex / Revenue | 0.6% | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $-2.8M | ||
| Q3 25 | $6.4M | $-24.4M | ||
| Q2 25 | $-3.3M | $-5.2M | ||
| Q1 25 | $-4.1M | $-85.7M | ||
| Q4 24 | $2.2M | $-8.1M | ||
| Q3 24 | $1.9M | $14.2M | ||
| Q2 24 | $2.3M | $-17.6M | ||
| Q1 24 | $4.9M | $-3.9M |
| Q4 25 | $-9.4M | $-68.6M | ||
| Q3 25 | $5.6M | $-90.7M | ||
| Q2 25 | $-4.3M | $-87.5M | ||
| Q1 25 | $-5.3M | $-151.7M | ||
| Q4 24 | $504.0K | $-34.3M | ||
| Q3 24 | $-205.0K | $-11.7M | ||
| Q2 24 | $147.0K | $-32.1M | ||
| Q1 24 | $2.2M | $-16.7M |
| Q4 25 | -8.3% | -47.8% | ||
| Q3 25 | 5.5% | -64.5% | ||
| Q2 25 | -4.5% | -71.6% | ||
| Q1 25 | -5.9% | -157.7% | ||
| Q4 24 | 0.5% | -42.4% | ||
| Q3 24 | -0.2% | -14.0% | ||
| Q2 24 | 0.2% | -37.9% | ||
| Q1 24 | 2.2% | -20.3% |
| Q4 25 | 0.6% | 45.9% | ||
| Q3 25 | 0.8% | 47.2% | ||
| Q2 25 | 1.0% | 67.3% | ||
| Q1 25 | 1.3% | 68.6% | ||
| Q4 24 | 1.6% | 32.5% | ||
| Q3 24 | 2.2% | 31.1% | ||
| Q2 24 | 2.4% | 17.2% | ||
| Q1 24 | 2.8% | 15.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | — |
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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
