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Side-by-side financial comparison of BRC Inc. (BRCC) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $62.0M, roughly 1.8× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -2.8%, a 34.2% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 6.5%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-9.4M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

BRCC vs MPB — Head-to-Head

Bigger by revenue
BRCC
BRCC
1.8× larger
BRCC
$112.7M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+24.3% gap
MPB
30.8%
6.5%
BRCC
Higher net margin
MPB
MPB
34.2% more per $
MPB
31.4%
-2.8%
BRCC
More free cash flow
MPB
MPB
$81.2M more FCF
MPB
$71.8M
$-9.4M
BRCC
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
7.0%
BRCC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRCC
BRCC
MPB
MPB
Revenue
$112.7M
$62.0M
Net Profit
$-3.2M
$19.4M
Gross Margin
32.1%
Operating Margin
-6.3%
43.6%
Net Margin
-2.8%
31.4%
Revenue YoY
6.5%
30.8%
Net Profit YoY
-29.3%
47.0%
EPS (diluted)
$-0.02
$0.83

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.

Revenue
BRCC
BRCC
MPB
MPB
Q4 25
$112.7M
$62.0M
Q3 25
$100.7M
$61.8M
Q2 25
$94.8M
$54.3M
Q1 25
$90.0M
$47.7M
Q4 24
$105.9M
$47.4M
Q3 24
$98.2M
$45.3M
Q2 24
$89.0M
$44.1M
Q1 24
$98.4M
$42.3M
Net Profit
BRCC
BRCC
MPB
MPB
Q4 25
$-3.2M
$19.4M
Q3 25
$-486.0K
$18.3M
Q2 25
$-5.3M
$4.8M
Q1 25
$-2.9M
$13.7M
Q4 24
$-2.5M
$13.2M
Q3 24
$-535.0K
$12.3M
Q2 24
$-482.0K
$11.8M
Q1 24
$548.0K
$12.1M
Gross Margin
BRCC
BRCC
MPB
MPB
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%
Operating Margin
BRCC
BRCC
MPB
MPB
Q4 25
-6.3%
43.6%
Q3 25
0.5%
39.3%
Q2 25
-13.3%
7.9%
Q1 25
-6.0%
35.2%
Q4 24
-2.1%
34.1%
Q3 24
1.1%
32.8%
Q2 24
1.1%
32.4%
Q1 24
4.0%
34.8%
Net Margin
BRCC
BRCC
MPB
MPB
Q4 25
-2.8%
31.4%
Q3 25
-0.5%
29.6%
Q2 25
-5.6%
8.8%
Q1 25
-3.2%
28.8%
Q4 24
-2.3%
27.9%
Q3 24
-0.5%
27.1%
Q2 24
-0.5%
26.7%
Q1 24
0.6%
28.7%
EPS (diluted)
BRCC
BRCC
MPB
MPB
Q4 25
$-0.02
$0.83
Q3 25
$0.00
$0.79
Q2 25
$-0.07
$0.22
Q1 25
$-0.04
$0.71
Q4 24
$-0.03
$0.72
Q3 24
$-0.01
$0.74
Q2 24
$-0.01
$0.71
Q1 24
$0.01
$0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRCC
BRCC
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$4.3M
Total DebtLower is stronger
$34.7M
Stockholders' EquityBook value
$45.7M
$814.1M
Total Assets
$209.2M
$6.1B
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCC
BRCC
MPB
MPB
Q4 25
$4.3M
Q3 25
$9.5M
Q2 25
$4.3M
Q1 25
$3.9M
Q4 24
$6.8M
Q3 24
$7.3M
Q2 24
$9.6M
Q1 24
$4.0M
Total Debt
BRCC
BRCC
MPB
MPB
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
Stockholders' Equity
BRCC
BRCC
MPB
MPB
Q4 25
$45.7M
$814.1M
Q3 25
$48.0M
$796.3M
Q2 25
$10.1M
$775.7M
Q1 25
$11.2M
$667.9M
Q4 24
$13.2M
$655.0M
Q3 24
$14.5M
$573.1M
Q2 24
$14.9M
$559.7M
Q1 24
$14.6M
$551.0M
Total Assets
BRCC
BRCC
MPB
MPB
Q4 25
$209.2M
$6.1B
Q3 25
$222.4M
$6.3B
Q2 25
$225.3M
$6.4B
Q1 25
$222.9M
$5.5B
Q4 24
$227.4M
$5.5B
Q3 24
$233.7M
$5.5B
Q2 24
$229.9M
$5.4B
Q1 24
$227.2M
$5.3B
Debt / Equity
BRCC
BRCC
MPB
MPB
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
BRCC
BRCC
MPB
MPB
Operating Cash FlowLast quarter
$-8.7M
$80.0M
Free Cash FlowOCF − Capex
$-9.4M
$71.8M
FCF MarginFCF / Revenue
-8.3%
115.8%
Capex IntensityCapex / Revenue
0.6%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$-13.5M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCC
BRCC
MPB
MPB
Q4 25
$-8.7M
$80.0M
Q3 25
$6.4M
$26.3M
Q2 25
$-3.3M
$29.0M
Q1 25
$-4.1M
$11.5M
Q4 24
$2.2M
$51.4M
Q3 24
$1.9M
$16.9M
Q2 24
$2.3M
$18.0M
Q1 24
$4.9M
$12.4M
Free Cash Flow
BRCC
BRCC
MPB
MPB
Q4 25
$-9.4M
$71.8M
Q3 25
$5.6M
$24.3M
Q2 25
$-4.3M
$27.2M
Q1 25
$-5.3M
$8.8M
Q4 24
$504.0K
$44.5M
Q3 24
$-205.0K
$16.8M
Q2 24
$147.0K
$17.7M
Q1 24
$2.2M
$12.1M
FCF Margin
BRCC
BRCC
MPB
MPB
Q4 25
-8.3%
115.8%
Q3 25
5.5%
39.4%
Q2 25
-4.5%
50.1%
Q1 25
-5.9%
18.4%
Q4 24
0.5%
93.8%
Q3 24
-0.2%
37.1%
Q2 24
0.2%
40.2%
Q1 24
2.2%
28.5%
Capex Intensity
BRCC
BRCC
MPB
MPB
Q4 25
0.6%
13.3%
Q3 25
0.8%
3.1%
Q2 25
1.0%
3.2%
Q1 25
1.3%
5.7%
Q4 24
1.6%
14.6%
Q3 24
2.2%
0.0%
Q2 24
2.4%
0.7%
Q1 24
2.8%
0.8%
Cash Conversion
BRCC
BRCC
MPB
MPB
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
8.97×
1.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRCC
BRCC

Sales Channel Through Intermediary$72.9M65%
Sales Channel Directly To Consumer$34.4M31%
Outpost$5.4M5%

MPB
MPB

Segment breakdown not available.

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