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Side-by-side financial comparison of BRC Inc. (BRCC) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $112.7M, roughly 1.6× BRC Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -2.8%, a 35.7% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 6.5%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-9.4M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% 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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
BRCC vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $177.1M |
| Net Profit | $-3.2M | $58.2M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | 30.9% |
| Net Margin | -2.8% | 32.8% |
| Revenue YoY | 6.5% | 7.2% |
| Net Profit YoY | -29.3% | 149.2% |
| EPS (diluted) | $-0.02 | $0.23 |
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 | $177.1M | ||
| Q3 25 | $100.7M | $135.0M | ||
| Q2 25 | $94.8M | $119.7M | ||
| Q1 25 | $90.0M | $125.8M | ||
| Q4 24 | $105.9M | $165.3M | ||
| Q3 24 | $98.2M | $122.9M | ||
| Q2 24 | $89.0M | $117.0M | ||
| Q1 24 | $98.4M | $108.9M |
| Q4 25 | $-3.2M | $58.2M | ||
| Q3 25 | $-486.0K | $10.5M | ||
| Q2 25 | $-5.3M | $15.4M | ||
| Q1 25 | $-2.9M | $463.0K | ||
| Q4 24 | $-2.5M | $7.6M | ||
| Q3 24 | $-535.0K | $4.2M | ||
| Q2 24 | $-482.0K | $4.8M | ||
| Q1 24 | $548.0K | $2.1M |
| 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% | 30.9% | ||
| Q3 25 | 0.5% | 32.7% | ||
| Q2 25 | -13.3% | 16.1% | ||
| Q1 25 | -6.0% | 12.2% | ||
| Q4 24 | -2.1% | 26.4% | ||
| Q3 24 | 1.1% | 20.3% | ||
| Q2 24 | 1.1% | 17.8% | ||
| Q1 24 | 4.0% | -14.7% |
| Q4 25 | -2.8% | 32.8% | ||
| Q3 25 | -0.5% | 7.8% | ||
| Q2 25 | -5.6% | 12.9% | ||
| Q1 25 | -3.2% | 0.4% | ||
| Q4 24 | -2.3% | 4.6% | ||
| Q3 24 | -0.5% | 3.4% | ||
| Q2 24 | -0.5% | 4.1% | ||
| Q1 24 | 0.6% | 2.0% |
| Q4 25 | $-0.02 | $0.23 | ||
| Q3 25 | $0.00 | $0.16 | ||
| Q2 25 | $-0.07 | $0.05 | ||
| Q1 25 | $-0.04 | $-0.02 | ||
| Q4 24 | $-0.03 | $0.09 | ||
| Q3 24 | $-0.01 | $0.03 | ||
| Q2 24 | $-0.01 | $0.04 | ||
| Q1 24 | $0.01 | $-0.13 |
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 | $242.1M |
| Total DebtLower is stronger | $34.7M | $428.4M |
| Stockholders' EquityBook value | $45.7M | $27.0M |
| Total Assets | $209.2M | $813.8M |
| Debt / EquityLower = less leverage | 0.76× | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $242.1M | ||
| Q3 25 | $9.5M | $182.7M | ||
| Q2 25 | $4.3M | $136.3M | ||
| Q1 25 | $3.9M | $94.5M | ||
| Q4 24 | $6.8M | $89.5M | ||
| Q3 24 | $7.3M | $98.4M | ||
| Q2 24 | $9.6M | $73.9M | ||
| Q1 24 | $4.0M | $41.9M |
| Q4 25 | $34.7M | $428.4M | ||
| Q3 25 | $35.0M | $429.3M | ||
| Q2 25 | $72.7M | $430.2M | ||
| Q1 25 | $68.8M | $431.1M | ||
| Q4 24 | $65.1M | $432.0M | ||
| Q3 24 | $64.9M | $432.9M | ||
| Q2 24 | $66.5M | $433.8M | ||
| Q1 24 | $61.5M | $384.0M |
| Q4 25 | $45.7M | $27.0M | ||
| Q3 25 | $48.0M | $-7.4M | ||
| Q2 25 | $10.1M | $-12.3M | ||
| Q1 25 | $11.2M | $-28.3M | ||
| Q4 24 | $13.2M | $-27.6M | ||
| Q3 24 | $14.5M | $-31.9M | ||
| Q2 24 | $14.9M | $-28.5M | ||
| Q1 24 | $14.6M | $-26.4M |
| Q4 25 | $209.2M | $813.8M | ||
| Q3 25 | $222.4M | $685.9M | ||
| Q2 25 | $225.3M | $636.9M | ||
| Q1 25 | $222.9M | $579.8M | ||
| Q4 24 | $227.4M | $612.7M | ||
| Q3 24 | $233.7M | $575.0M | ||
| Q2 24 | $229.9M | $543.9M | ||
| Q1 24 | $227.2M | $497.3M |
| Q4 25 | 0.76× | 15.87× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-8.7M | $183.5M |
| Free Cash FlowOCF − Capex | $-9.4M | $175.0M |
| FCF MarginFCF / Revenue | -8.3% | 98.8% |
| Capex IntensityCapex / Revenue | 0.6% | 4.8% |
| Cash ConversionOCF / Net Profit | — | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $183.5M | ||
| Q3 25 | $6.4M | $79.8M | ||
| Q2 25 | $-3.3M | $42.0M | ||
| Q1 25 | $-4.1M | $33.3M | ||
| Q4 24 | $2.2M | $148.8M | ||
| Q3 24 | $1.9M | $69.0M | ||
| Q2 24 | $2.3M | $17.5M | ||
| Q1 24 | $4.9M | $24.2M |
| Q4 25 | $-9.4M | $175.0M | ||
| Q3 25 | $5.6M | $78.3M | ||
| Q2 25 | $-4.3M | $40.8M | ||
| Q1 25 | $-5.3M | $32.1M | ||
| Q4 24 | $504.0K | $132.0M | ||
| Q3 24 | $-205.0K | $62.2M | ||
| Q2 24 | $147.0K | $12.8M | ||
| Q1 24 | $2.2M | $20.0M |
| Q4 25 | -8.3% | 98.8% | ||
| Q3 25 | 5.5% | 58.0% | ||
| Q2 25 | -4.5% | 34.1% | ||
| Q1 25 | -5.9% | 25.5% | ||
| Q4 24 | 0.5% | 79.9% | ||
| Q3 24 | -0.2% | 50.6% | ||
| Q2 24 | 0.2% | 10.9% | ||
| Q1 24 | 2.2% | 18.4% |
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 1.0% | 1.0% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 1.6% | 10.1% | ||
| Q3 24 | 2.2% | 5.5% | ||
| Q2 24 | 2.4% | 4.0% | ||
| Q1 24 | 2.8% | 3.9% |
| Q4 25 | — | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | — | 16.60× | ||
| Q2 24 | — | 3.64× | ||
| Q1 24 | 8.97× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
