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Side-by-side financial comparison of BRC Inc. (BRCC) and GERMAN AMERICAN BANCORP, INC. (GABC). Click either name above to swap in a different company.

GERMAN AMERICAN BANCORP, INC. is the larger business by last-quarter revenue ($126.7M vs $112.7M, roughly 1.1× BRC Inc.). GERMAN AMERICAN BANCORP, INC. runs the higher net margin — 28.2% vs -2.8%, a 31.0% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs 6.5%). GERMAN AMERICAN BANCORP, INC. produced more free cash flow last quarter ($154.0M vs $-9.4M). Over the past eight quarters, GERMAN AMERICAN BANCORP, INC.'s revenue compounded faster (22.7% 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.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

BRCC vs GABC — Head-to-Head

Bigger by revenue
GABC
GABC
1.1× larger
GABC
$126.7M
$112.7M
BRCC
Growing faster (revenue YoY)
GABC
GABC
+33.2% gap
GABC
39.7%
6.5%
BRCC
Higher net margin
GABC
GABC
31.0% more per $
GABC
28.2%
-2.8%
BRCC
More free cash flow
GABC
GABC
$163.4M more FCF
GABC
$154.0M
$-9.4M
BRCC
Faster 2-yr revenue CAGR
GABC
GABC
Annualised
GABC
22.7%
7.0%
BRCC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRCC
BRCC
GABC
GABC
Revenue
$112.7M
$126.7M
Net Profit
$-3.2M
$35.7M
Gross Margin
32.1%
Operating Margin
-6.3%
34.6%
Net Margin
-2.8%
28.2%
Revenue YoY
6.5%
39.7%
Net Profit YoY
-29.3%
53.7%
EPS (diluted)
$-0.02
$0.98

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
GABC
GABC
Q4 25
$112.7M
$126.7M
Q3 25
$100.7M
$126.5M
Q2 25
$94.8M
$123.2M
Q1 25
$90.0M
$111.1M
Q4 24
$105.9M
$90.7M
Q3 24
$98.2M
$88.5M
Q2 24
$89.0M
$90.5M
Q1 24
$98.4M
$84.1M
Net Profit
BRCC
BRCC
GABC
GABC
Q4 25
$-3.2M
$35.7M
Q3 25
$-486.0K
$35.1M
Q2 25
$-5.3M
$31.4M
Q1 25
$-2.9M
$10.5M
Q4 24
$-2.5M
$23.2M
Q3 24
$-535.0K
$21.0M
Q2 24
$-482.0K
$20.5M
Q1 24
$548.0K
$19.0M
Gross Margin
BRCC
BRCC
GABC
GABC
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%
Operating Margin
BRCC
BRCC
GABC
GABC
Q4 25
-6.3%
34.6%
Q3 25
0.5%
34.6%
Q2 25
-13.3%
31.8%
Q1 25
-6.0%
12.0%
Q4 24
-2.1%
31.6%
Q3 24
1.1%
29.0%
Q2 24
1.1%
29.4%
Q1 24
4.0%
27.6%
Net Margin
BRCC
BRCC
GABC
GABC
Q4 25
-2.8%
28.2%
Q3 25
-0.5%
27.7%
Q2 25
-5.6%
25.5%
Q1 25
-3.2%
9.5%
Q4 24
-2.3%
25.6%
Q3 24
-0.5%
23.8%
Q2 24
-0.5%
22.7%
Q1 24
0.6%
22.6%
EPS (diluted)
BRCC
BRCC
GABC
GABC
Q4 25
$-0.02
$0.98
Q3 25
$0.00
$0.94
Q2 25
$-0.07
$0.84
Q1 25
$-0.04
$0.30
Q4 24
$-0.03
$0.79
Q3 24
$-0.01
$0.71
Q2 24
$-0.01
$0.69
Q1 24
$0.01
$0.64

Balance Sheet & Financial Strength

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

Metric
BRCC
BRCC
GABC
GABC
Cash + ST InvestmentsLiquidity on hand
$4.3M
Total DebtLower is stronger
$34.7M
$100.0M
Stockholders' EquityBook value
$45.7M
$1.2B
Total Assets
$209.2M
$8.4B
Debt / EquityLower = less leverage
0.76×
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCC
BRCC
GABC
GABC
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 24
$4.0M
Total Debt
BRCC
BRCC
GABC
GABC
Q4 25
$34.7M
$100.0M
Q3 25
$35.0M
Q2 25
$72.7M
Q1 25
$68.8M
Q4 24
$65.1M
$114.6M
Q3 24
$64.9M
Q2 24
$66.5M
Q1 24
$61.5M
Stockholders' Equity
BRCC
BRCC
GABC
GABC
Q4 25
$45.7M
$1.2B
Q3 25
$48.0M
$1.1B
Q2 25
$10.1M
$1.1B
Q1 25
$11.2M
$1.0B
Q4 24
$13.2M
$715.1M
Q3 24
$14.5M
$744.6M
Q2 24
$14.9M
$687.8M
Q1 24
$14.6M
$655.3M
Total Assets
BRCC
BRCC
GABC
GABC
Q4 25
$209.2M
$8.4B
Q3 25
$222.4M
$8.4B
Q2 25
$225.3M
$8.3B
Q1 25
$222.9M
$8.4B
Q4 24
$227.4M
$6.3B
Q3 24
$233.7M
$6.3B
Q2 24
$229.9M
$6.2B
Q1 24
$227.2M
$6.1B
Debt / Equity
BRCC
BRCC
GABC
GABC
Q4 25
0.76×
0.09×
Q3 25
0.73×
Q2 25
7.19×
Q1 25
6.15×
Q4 24
4.94×
0.16×
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
GABC
GABC
Operating Cash FlowLast quarter
$-8.7M
$159.3M
Free Cash FlowOCF − Capex
$-9.4M
$154.0M
FCF MarginFCF / Revenue
-8.3%
121.6%
Capex IntensityCapex / Revenue
0.6%
4.2%
Cash ConversionOCF / Net Profit
4.46×
TTM Free Cash FlowTrailing 4 quarters
$-13.5M
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCC
BRCC
GABC
GABC
Q4 25
$-8.7M
$159.3M
Q3 25
$6.4M
$51.8M
Q2 25
$-3.3M
$26.9M
Q1 25
$-4.1M
$37.9M
Q4 24
$2.2M
$95.8M
Q3 24
$1.9M
$24.5M
Q2 24
$2.3M
$18.7M
Q1 24
$4.9M
$23.9M
Free Cash Flow
BRCC
BRCC
GABC
GABC
Q4 25
$-9.4M
$154.0M
Q3 25
$5.6M
$50.1M
Q2 25
$-4.3M
$26.2M
Q1 25
$-5.3M
$36.7M
Q4 24
$504.0K
$90.7M
Q3 24
$-205.0K
$23.0M
Q2 24
$147.0K
$17.0M
Q1 24
$2.2M
$22.6M
FCF Margin
BRCC
BRCC
GABC
GABC
Q4 25
-8.3%
121.6%
Q3 25
5.5%
39.6%
Q2 25
-4.5%
21.2%
Q1 25
-5.9%
33.0%
Q4 24
0.5%
100.1%
Q3 24
-0.2%
26.0%
Q2 24
0.2%
18.8%
Q1 24
2.2%
26.9%
Capex Intensity
BRCC
BRCC
GABC
GABC
Q4 25
0.6%
4.2%
Q3 25
0.8%
1.3%
Q2 25
1.0%
0.6%
Q1 25
1.3%
1.1%
Q4 24
1.6%
5.6%
Q3 24
2.2%
1.7%
Q2 24
2.4%
1.8%
Q1 24
2.8%
1.5%
Cash Conversion
BRCC
BRCC
GABC
GABC
Q4 25
4.46×
Q3 25
1.48×
Q2 25
0.86×
Q1 25
3.61×
Q4 24
4.13×
Q3 24
1.16×
Q2 24
0.91×
Q1 24
8.97×
1.25×

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%

GABC
GABC

Segment breakdown not available.

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