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Side-by-side financial comparison of BRC Inc. (BRCC) and IMAX CORP (IMAX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $112.7M, roughly 1.1× BRC Inc.). IMAX CORP runs the higher net margin — 0.5% vs -2.8%, a 3.4% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 6.5%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-9.4M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% 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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
BRCC vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $125.2M |
| Net Profit | $-3.2M | $637.0K |
| Gross Margin | 32.1% | 57.6% |
| Operating Margin | -6.3% | 19.3% |
| Net Margin | -2.8% | 0.5% |
| Revenue YoY | 6.5% | 35.1% |
| Net Profit YoY | -29.3% | -88.0% |
| EPS (diluted) | $-0.02 | $0.02 |
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 | $125.2M | ||
| Q3 25 | $100.7M | $106.7M | ||
| Q2 25 | $94.8M | $91.7M | ||
| Q1 25 | $90.0M | $86.7M | ||
| Q4 24 | $105.9M | $92.7M | ||
| Q3 24 | $98.2M | $91.5M | ||
| Q2 24 | $89.0M | $89.0M | ||
| Q1 24 | $98.4M | $79.1M |
| Q4 25 | $-3.2M | $637.0K | ||
| Q3 25 | $-486.0K | $20.7M | ||
| Q2 25 | $-5.3M | $11.3M | ||
| Q1 25 | $-2.9M | $2.3M | ||
| Q4 24 | $-2.5M | $5.3M | ||
| Q3 24 | $-535.0K | $13.9M | ||
| Q2 24 | $-482.0K | $3.6M | ||
| Q1 24 | $548.0K | $3.3M |
| Q4 25 | 32.1% | 57.6% | ||
| Q3 25 | 36.9% | 63.1% | ||
| Q2 25 | 33.9% | 58.5% | ||
| Q1 25 | 36.1% | 61.4% | ||
| Q4 24 | 38.1% | 52.2% | ||
| Q3 24 | 42.1% | 55.8% | ||
| Q2 24 | 41.9% | 49.4% | ||
| Q1 24 | 42.9% | 59.3% |
| Q4 25 | -6.3% | 19.3% | ||
| Q3 25 | 0.5% | 27.2% | ||
| Q2 25 | -13.3% | 15.6% | ||
| Q1 25 | -6.0% | 19.3% | ||
| Q4 24 | -2.1% | 10.3% | ||
| Q3 24 | 1.1% | 21.2% | ||
| Q2 24 | 1.1% | 3.2% | ||
| Q1 24 | 4.0% | 15.3% |
| Q4 25 | -2.8% | 0.5% | ||
| Q3 25 | -0.5% | 19.4% | ||
| Q2 25 | -5.6% | 12.3% | ||
| Q1 25 | -3.2% | 2.7% | ||
| Q4 24 | -2.3% | 5.7% | ||
| Q3 24 | -0.5% | 15.2% | ||
| Q2 24 | -0.5% | 4.0% | ||
| Q1 24 | 0.6% | 4.1% |
| Q4 25 | $-0.02 | $0.02 | ||
| Q3 25 | $0.00 | $0.37 | ||
| Q2 25 | $-0.07 | $0.20 | ||
| Q1 25 | $-0.04 | $0.04 | ||
| Q4 24 | $-0.03 | $0.09 | ||
| Q3 24 | $-0.01 | $0.26 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $0.01 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $337.9M |
| Total Assets | $209.2M | $894.0M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $151.2M | ||
| Q3 25 | $9.5M | $143.1M | ||
| Q2 25 | $4.3M | $109.3M | ||
| Q1 25 | $3.9M | $97.1M | ||
| Q4 24 | $6.8M | $100.6M | ||
| Q3 24 | $7.3M | $104.5M | ||
| Q2 24 | $9.6M | $91.6M | ||
| Q1 24 | $4.0M | $81.0M |
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — | ||
| Q1 24 | $61.5M | — |
| Q4 25 | $45.7M | $337.9M | ||
| Q3 25 | $48.0M | $349.5M | ||
| Q2 25 | $10.1M | $320.4M | ||
| Q1 25 | $11.2M | $299.5M | ||
| Q4 24 | $13.2M | $299.5M | ||
| Q3 24 | $14.5M | $289.4M | ||
| Q2 24 | $14.9M | $267.2M | ||
| Q1 24 | $14.6M | $258.8M |
| Q4 25 | $209.2M | $894.0M | ||
| Q3 25 | $222.4M | $889.6M | ||
| Q2 25 | $225.3M | $868.6M | ||
| Q1 25 | $222.9M | $848.3M | ||
| Q4 24 | $227.4M | $830.4M | ||
| Q3 24 | $233.7M | $847.6M | ||
| Q2 24 | $229.9M | $827.4M | ||
| Q1 24 | $227.2M | $824.1M |
| Q4 25 | 0.76× | — | ||
| 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 | $29.4M |
| Free Cash FlowOCF − Capex | $-9.4M | $28.0M |
| FCF MarginFCF / Revenue | -8.3% | 22.3% |
| Capex IntensityCapex / Revenue | 0.6% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $29.4M | ||
| Q3 25 | $6.4M | $67.5M | ||
| Q2 25 | $-3.3M | $23.2M | ||
| Q1 25 | $-4.1M | $7.0M | ||
| Q4 24 | $2.2M | $11.5M | ||
| Q3 24 | $1.9M | $35.3M | ||
| Q2 24 | $2.3M | $35.0M | ||
| Q1 24 | $4.9M | $-11.0M |
| Q4 25 | $-9.4M | $28.0M | ||
| Q3 25 | $5.6M | $64.8M | ||
| Q2 25 | $-4.3M | $20.9M | ||
| Q1 25 | $-5.3M | $5.3M | ||
| Q4 24 | $504.0K | $6.9M | ||
| Q3 24 | $-205.0K | $34.2M | ||
| Q2 24 | $147.0K | $33.5M | ||
| Q1 24 | $2.2M | $-12.1M |
| Q4 25 | -8.3% | 22.3% | ||
| Q3 25 | 5.5% | 60.7% | ||
| Q2 25 | -4.5% | 22.8% | ||
| Q1 25 | -5.9% | 6.1% | ||
| Q4 24 | 0.5% | 7.4% | ||
| Q3 24 | -0.2% | 37.3% | ||
| Q2 24 | 0.2% | 37.6% | ||
| Q1 24 | 2.2% | -15.3% |
| Q4 25 | 0.6% | 1.1% | ||
| Q3 25 | 0.8% | 2.6% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 1.3% | 1.9% | ||
| Q4 24 | 1.6% | 5.0% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 2.4% | 1.8% | ||
| Q1 24 | 2.8% | 1.4% |
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | 8.97× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
