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Side-by-side financial comparison of BRC Inc. (BRCC) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $56.8M, roughly 2.0× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -2.8%, a 17.0% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 6.5%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-9.4M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
BRCC vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $56.8M |
| Net Profit | $-3.2M | $8.1M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | 60.0% |
| Net Margin | -2.8% | 14.2% |
| Revenue YoY | 6.5% | 55.6% |
| Net Profit YoY | -29.3% | -83.7% |
| EPS (diluted) | $-0.02 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $100.7M | $50.8M | ||
| Q2 25 | $94.8M | $47.5M | ||
| Q1 25 | $90.0M | $44.0M | ||
| Q4 24 | $105.9M | $36.5M | ||
| Q3 24 | $98.2M | $28.5M | ||
| Q2 24 | $89.0M | $26.0M | ||
| Q1 24 | $98.4M | $19.0M |
| Q4 25 | $-3.2M | $8.1M | ||
| Q3 25 | $-486.0K | $8.1M | ||
| Q2 25 | $-5.3M | $7.5M | ||
| Q1 25 | $-2.9M | $6.5M | ||
| Q4 24 | $-2.5M | $49.3M | ||
| Q3 24 | $-535.0K | $2.7M | ||
| Q2 24 | $-482.0K | $-57.7M | ||
| Q1 24 | $548.0K | $10.8M |
| 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% | 60.0% | ||
| Q3 25 | 0.5% | 60.8% | ||
| Q2 25 | -13.3% | 60.0% | ||
| Q1 25 | -6.0% | 57.0% | ||
| Q4 24 | -2.1% | 49.4% | ||
| Q3 24 | 1.1% | 11.2% | ||
| Q2 24 | 1.1% | -197.4% | ||
| Q1 24 | 4.0% | 71.1% |
| Q4 25 | -2.8% | 14.2% | ||
| Q3 25 | -0.5% | 15.9% | ||
| Q2 25 | -5.6% | 15.8% | ||
| Q1 25 | -3.2% | 14.7% | ||
| Q4 24 | -2.3% | 135.2% | ||
| Q3 24 | -0.5% | 9.3% | ||
| Q2 24 | -0.5% | -222.1% | ||
| Q1 24 | 0.6% | 56.7% |
| Q4 25 | $-0.02 | $0.24 | ||
| Q3 25 | $0.00 | $0.26 | ||
| Q2 25 | $-0.07 | $0.24 | ||
| Q1 25 | $-0.04 | $0.20 | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.01 | $-0.04 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $0.01 | — |
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 | $30.7M |
| Total DebtLower is stronger | $34.7M | $570.7M |
| Stockholders' EquityBook value | $45.7M | $340.3M |
| Total Assets | $209.2M | $1.4B |
| Debt / EquityLower = less leverage | 0.76× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $30.7M | ||
| Q3 25 | $9.5M | $28.3M | ||
| Q2 25 | $4.3M | $20.3M | ||
| Q1 25 | $3.9M | $14.9M | ||
| Q4 24 | $6.8M | $37.0M | ||
| Q3 24 | $7.3M | $14.4M | ||
| Q2 24 | $9.6M | $24.6M | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $34.7M | $570.7M | ||
| Q3 25 | $35.0M | $366.1M | ||
| Q2 25 | $72.7M | $370.9M | ||
| Q1 25 | $68.8M | $375.5M | ||
| Q4 24 | $65.1M | $385.5M | ||
| Q3 24 | $64.9M | $242.4M | ||
| Q2 24 | $66.5M | $360.8M | ||
| Q1 24 | $61.5M | — |
| Q4 25 | $45.7M | $340.3M | ||
| Q3 25 | $48.0M | $272.0M | ||
| Q2 25 | $10.1M | $266.4M | ||
| Q1 25 | $11.2M | $217.0M | ||
| Q4 24 | $13.2M | $211.8M | ||
| Q3 24 | $14.5M | $97.2M | ||
| Q2 24 | $14.9M | $296.4M | ||
| Q1 24 | $14.6M | $162.3M |
| Q4 25 | $209.2M | $1.4B | ||
| Q3 25 | $222.4M | $1.1B | ||
| Q2 25 | $225.3M | $1.1B | ||
| Q1 25 | $222.9M | $1.0B | ||
| Q4 24 | $227.4M | $1.0B | ||
| Q3 24 | $233.7M | $689.9M | ||
| Q2 24 | $229.9M | $710.5M | ||
| Q1 24 | $227.2M | — |
| Q4 25 | 0.76× | 1.68× | ||
| Q3 25 | 0.73× | 1.35× | ||
| Q2 25 | 7.19× | 1.39× | ||
| Q1 25 | 6.15× | 1.73× | ||
| Q4 24 | 4.94× | 1.82× | ||
| Q3 24 | 4.47× | 2.49× | ||
| Q2 24 | 4.46× | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | $-9.4M | $122.0M |
| FCF MarginFCF / Revenue | -8.3% | 214.9% |
| Capex IntensityCapex / Revenue | 0.6% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $126.3M | ||
| Q3 25 | $6.4M | $34.9M | ||
| Q2 25 | $-3.3M | $37.3M | ||
| Q1 25 | $-4.1M | $15.9M | ||
| Q4 24 | $2.2M | $67.6M | ||
| Q3 24 | $1.9M | $7.5M | ||
| Q2 24 | $2.3M | $16.0M | ||
| Q1 24 | $4.9M | $17.2M |
| Q4 25 | $-9.4M | $122.0M | ||
| Q3 25 | $5.6M | $33.7M | ||
| Q2 25 | $-4.3M | $36.1M | ||
| Q1 25 | $-5.3M | $15.8M | ||
| Q4 24 | $504.0K | $66.7M | ||
| Q3 24 | $-205.0K | $7.1M | ||
| Q2 24 | $147.0K | $15.7M | ||
| Q1 24 | $2.2M | $17.1M |
| Q4 25 | -8.3% | 214.9% | ||
| Q3 25 | 5.5% | 66.3% | ||
| Q2 25 | -4.5% | 75.9% | ||
| Q1 25 | -5.9% | 36.0% | ||
| Q4 24 | 0.5% | 182.6% | ||
| Q3 24 | -0.2% | 25.1% | ||
| Q2 24 | 0.2% | 60.4% | ||
| Q1 24 | 2.2% | 90.1% |
| Q4 25 | 0.6% | 7.5% | ||
| Q3 25 | 0.8% | 2.3% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 2.2% | 1.1% | ||
| Q2 24 | 2.4% | 1.4% | ||
| Q1 24 | 2.8% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | 1.60× |
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% |
LB
Segment breakdown not available.
