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Side-by-side financial comparison of BRC Inc. (BRCC) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($138.9M vs $112.7M, roughly 1.2× BRC Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -2.8%, a 6.0% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs 4.3%). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs 6.6%).
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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
BRCC vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $138.9M |
| Net Profit | $-3.2M | $4.4M |
| Gross Margin | 32.1% | 22.4% |
| Operating Margin | -6.3% | 0.8% |
| Net Margin | -2.8% | 3.2% |
| Revenue YoY | 6.5% | 4.3% |
| Net Profit YoY | -29.3% | — |
| EPS (diluted) | $-0.02 | $0.36 |
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.
| Q1 26 | — | $138.9M | ||
| Q4 25 | $112.7M | $186.9M | ||
| Q3 25 | $100.7M | $184.6M | ||
| Q2 25 | $94.8M | $142.2M | ||
| Q1 25 | $90.0M | $133.1M | ||
| Q4 24 | $105.9M | $143.7M | ||
| Q3 24 | $98.2M | $133.9M | ||
| Q2 24 | $89.0M | $122.2M |
| Q1 26 | — | $4.4M | ||
| Q4 25 | $-3.2M | $12.3M | ||
| Q3 25 | $-486.0K | $8.8M | ||
| Q2 25 | $-5.3M | $7.8M | ||
| Q1 25 | $-2.9M | $10.2M | ||
| Q4 24 | $-2.5M | $9.8M | ||
| Q3 24 | $-535.0K | $7.5M | ||
| Q2 24 | $-482.0K | $6.0M |
| Q1 26 | — | 22.4% | ||
| Q4 25 | 32.1% | 25.7% | ||
| Q3 25 | 36.9% | 24.2% | ||
| Q2 25 | 33.9% | 28.0% | ||
| Q1 25 | 36.1% | 27.6% | ||
| Q4 24 | 38.1% | 30.3% | ||
| Q3 24 | 42.1% | 27.0% | ||
| Q2 24 | 41.9% | 27.4% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | -6.3% | 9.4% | ||
| Q3 25 | 0.5% | 7.2% | ||
| Q2 25 | -13.3% | 7.5% | ||
| Q1 25 | -6.0% | 5.9% | ||
| Q4 24 | -2.1% | 9.1% | ||
| Q3 24 | 1.1% | 8.1% | ||
| Q2 24 | 1.1% | 6.7% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | -2.8% | 6.6% | ||
| Q3 25 | -0.5% | 4.8% | ||
| Q2 25 | -5.6% | 5.5% | ||
| Q1 25 | -3.2% | 7.7% | ||
| Q4 24 | -2.3% | 6.9% | ||
| Q3 24 | -0.5% | 5.6% | ||
| Q2 24 | -0.5% | 4.9% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.02 | $1.01 | ||
| Q3 25 | $0.00 | $0.73 | ||
| Q2 25 | $-0.07 | $0.64 | ||
| Q1 25 | $-0.04 | $0.85 | ||
| Q4 24 | $-0.03 | $0.81 | ||
| Q3 24 | $-0.01 | $0.62 | ||
| Q2 24 | $-0.01 | $0.50 |
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 | $15.8M |
| Total DebtLower is stronger | $34.7M | $56.6M |
| Stockholders' EquityBook value | $45.7M | $196.3M |
| Total Assets | $209.2M | $377.0M |
| Debt / EquityLower = less leverage | 0.76× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.8M | ||
| Q4 25 | $4.3M | $11.3M | ||
| Q3 25 | $9.5M | $9.8M | ||
| Q2 25 | $4.3M | $38.9M | ||
| Q1 25 | $3.9M | $38.1M | ||
| Q4 24 | $6.8M | $44.9M | ||
| Q3 24 | $7.3M | $51.2M | ||
| Q2 24 | $9.6M | $59.5M |
| Q1 26 | — | $56.6M | ||
| Q4 25 | $34.7M | $30.5M | ||
| Q3 25 | $35.0M | $56.3M | ||
| Q2 25 | $72.7M | $28.4M | ||
| Q1 25 | $68.8M | $23.7M | ||
| Q4 24 | $65.1M | $23.6M | ||
| Q3 24 | $64.9M | $20.5M | ||
| Q2 24 | $66.5M | $19.7M |
| Q1 26 | — | $196.3M | ||
| Q4 25 | $45.7M | $195.7M | ||
| Q3 25 | $48.0M | $181.6M | ||
| Q2 25 | $10.1M | $170.5M | ||
| Q1 25 | $11.2M | $161.1M | ||
| Q4 24 | $13.2M | $153.5M | ||
| Q3 24 | $14.5M | $142.2M | ||
| Q2 24 | $14.9M | $133.0M |
| Q1 26 | — | $377.0M | ||
| Q4 25 | $209.2M | $381.1M | ||
| Q3 25 | $222.4M | $409.1M | ||
| Q2 25 | $225.3M | $343.0M | ||
| Q1 25 | $222.9M | $336.4M | ||
| Q4 24 | $227.4M | $352.1M | ||
| Q3 24 | $233.7M | $324.4M | ||
| Q2 24 | $229.9M | $303.9M |
| Q1 26 | — | 0.29× | ||
| Q4 25 | 0.76× | 0.16× | ||
| Q3 25 | 0.73× | 0.31× | ||
| Q2 25 | 7.19× | 0.17× | ||
| Q1 25 | 6.15× | 0.15× | ||
| Q4 24 | 4.94× | 0.15× | ||
| Q3 24 | 4.47× | 0.14× | ||
| Q2 24 | 4.46× | 0.15× |
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 | — |
| Free Cash FlowOCF − Capex | $-9.4M | — |
| FCF MarginFCF / Revenue | -8.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $28.1M | ||
| Q3 25 | $6.4M | $13.3M | ||
| Q2 25 | $-3.3M | $2.0M | ||
| Q1 25 | $-4.1M | $2.2M | ||
| Q4 24 | $2.2M | $19.3M | ||
| Q3 24 | $1.9M | $4.9M | ||
| Q2 24 | $2.3M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.4M | $27.9M | ||
| Q3 25 | $5.6M | $12.8M | ||
| Q2 25 | $-4.3M | $1.2M | ||
| Q1 25 | $-5.3M | $11.0K | ||
| Q4 24 | $504.0K | $18.0M | ||
| Q3 24 | $-205.0K | $4.6M | ||
| Q2 24 | $147.0K | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 14.9% | ||
| Q3 25 | 5.5% | 7.0% | ||
| Q2 25 | -4.5% | 0.8% | ||
| Q1 25 | -5.9% | 0.0% | ||
| Q4 24 | 0.5% | 12.5% | ||
| Q3 24 | -0.2% | 3.4% | ||
| Q2 24 | 0.2% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.8% | 0.3% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 1.3% | 1.7% | ||
| Q4 24 | 1.6% | 0.9% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 2.4% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 2.77× |
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% |
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
