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Side-by-side financial comparison of BRC Inc. (BRCC) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $112.7M, roughly 1.1× BRC Inc.). BRC Inc. runs the higher net margin — -2.8% vs -11.0%, a 8.2% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs -27.7%). BRC Inc. produced more free cash flow last quarter ($-9.4M vs $-17.5M). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
BRCC vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $121.0M |
| Net Profit | $-3.2M | $-13.3M |
| Gross Margin | 32.1% | 15.8% |
| Operating Margin | -6.3% | -12.0% |
| Net Margin | -2.8% | -11.0% |
| Revenue YoY | 6.5% | -27.7% |
| Net Profit YoY | -29.3% | -5468.2% |
| EPS (diluted) | $-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 | — | ||
| Q3 25 | $100.7M | $121.0M | ||
| Q2 25 | $94.8M | $153.0M | ||
| Q1 25 | $90.0M | $134.7M | ||
| Q4 24 | $105.9M | $170.9M | ||
| Q3 24 | $98.2M | $167.4M | ||
| Q2 24 | $89.0M | $155.3M | ||
| Q1 24 | $98.4M | $172.7M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-486.0K | $-13.3M | ||
| Q2 25 | $-5.3M | $-14.0M | ||
| Q1 25 | $-2.9M | $-9.5M | ||
| Q4 24 | $-2.5M | $3.9M | ||
| Q3 24 | $-535.0K | $-239.0K | ||
| Q2 24 | $-482.0K | $5.5M | ||
| Q1 24 | $548.0K | $2.0M |
| Q4 25 | 32.1% | — | ||
| Q3 25 | 36.9% | 15.8% | ||
| Q2 25 | 33.9% | 12.3% | ||
| Q1 25 | 36.1% | 15.2% | ||
| Q4 24 | 38.1% | 20.4% | ||
| Q3 24 | 42.1% | 19.5% | ||
| Q2 24 | 41.9% | 21.0% | ||
| Q1 24 | 42.9% | 19.1% |
| Q4 25 | -6.3% | — | ||
| Q3 25 | 0.5% | -12.0% | ||
| Q2 25 | -13.3% | -9.1% | ||
| Q1 25 | -6.0% | -8.9% | ||
| Q4 24 | -2.1% | 3.7% | ||
| Q3 24 | 1.1% | 1.0% | ||
| Q2 24 | 1.1% | 3.5% | ||
| Q1 24 | 4.0% | 1.9% |
| Q4 25 | -2.8% | — | ||
| Q3 25 | -0.5% | -11.0% | ||
| Q2 25 | -5.6% | -9.1% | ||
| Q1 25 | -3.2% | -7.0% | ||
| Q4 24 | -2.3% | 2.3% | ||
| Q3 24 | -0.5% | -0.1% | ||
| Q2 24 | -0.5% | 3.6% | ||
| Q1 24 | 0.6% | 1.2% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.03 | $0.06 | ||
| Q3 24 | $-0.01 | $-0.03 | ||
| Q2 24 | $-0.01 | $0.08 | ||
| Q1 24 | $0.01 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | $34.7M | $116.3M |
| Stockholders' EquityBook value | $45.7M | $526.9M |
| Total Assets | $209.2M | $849.7M |
| Debt / EquityLower = less leverage | 0.76× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | — | ||
| Q3 25 | $9.5M | $193.8M | ||
| Q2 25 | $4.3M | $28.1M | ||
| Q1 25 | $3.9M | $43.5M | ||
| Q4 24 | $6.8M | $33.0M | ||
| Q3 24 | $7.3M | $22.9M | ||
| Q2 24 | $9.6M | $27.6M | ||
| Q1 24 | $4.0M | $30.5M |
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | $116.3M | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | $88.2M | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — | ||
| Q1 24 | $61.5M | — |
| Q4 25 | $45.7M | — | ||
| Q3 25 | $48.0M | $526.9M | ||
| Q2 25 | $10.1M | $347.4M | ||
| Q1 25 | $11.2M | $355.2M | ||
| Q4 24 | $13.2M | $362.8M | ||
| Q3 24 | $14.5M | $361.8M | ||
| Q2 24 | $14.9M | $366.1M | ||
| Q1 24 | $14.6M | $372.3M |
| Q4 25 | $209.2M | — | ||
| Q3 25 | $222.4M | $849.7M | ||
| Q2 25 | $225.3M | $674.6M | ||
| Q1 25 | $222.9M | $685.7M | ||
| Q4 24 | $227.4M | $674.7M | ||
| Q3 24 | $233.7M | $645.4M | ||
| Q2 24 | $229.9M | $659.2M | ||
| Q1 24 | $227.2M | $674.0M |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | 0.22× | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | 0.24× | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | $-9.4M | $-17.5M |
| FCF MarginFCF / Revenue | -8.3% | -14.5% |
| Capex IntensityCapex / Revenue | 0.6% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | — | ||
| Q3 25 | $6.4M | $-1.4M | ||
| Q2 25 | $-3.3M | $-4.3M | ||
| Q1 25 | $-4.1M | $26.0M | ||
| Q4 24 | $2.2M | $15.7M | ||
| Q3 24 | $1.9M | $37.4M | ||
| Q2 24 | $2.3M | $34.4M | ||
| Q1 24 | $4.9M | $25.2M |
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $5.6M | $-17.5M | ||
| Q2 25 | $-4.3M | $-19.8M | ||
| Q1 25 | $-5.3M | $7.6M | ||
| Q4 24 | $504.0K | $5.1M | ||
| Q3 24 | $-205.0K | $25.6M | ||
| Q2 24 | $147.0K | $20.3M | ||
| Q1 24 | $2.2M | $6.5M |
| Q4 25 | -8.3% | — | ||
| Q3 25 | 5.5% | -14.5% | ||
| Q2 25 | -4.5% | -13.0% | ||
| Q1 25 | -5.9% | 5.6% | ||
| Q4 24 | 0.5% | 3.0% | ||
| Q3 24 | -0.2% | 15.3% | ||
| Q2 24 | 0.2% | 13.1% | ||
| Q1 24 | 2.2% | 3.7% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.8% | 13.3% | ||
| Q2 25 | 1.0% | 10.2% | ||
| Q1 25 | 1.3% | 13.7% | ||
| Q4 24 | 1.6% | 6.2% | ||
| Q3 24 | 2.2% | 7.0% | ||
| Q2 24 | 2.4% | 9.1% | ||
| Q1 24 | 2.8% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | 8.97× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
