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Side-by-side financial comparison of BRC Inc. (BRCC) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $93.7M, roughly 1.2× Ranpak Holdings Corp.). On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
BRCC vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $93.7M |
| Net Profit | $-3.2M | — |
| Gross Margin | 32.1% | 39.0% |
| Operating Margin | -6.3% | -1.0% |
| Net Margin | -2.8% | — |
| Revenue YoY | 6.5% | 2.3% |
| Net Profit YoY | -29.3% | — |
| EPS (diluted) | $-0.02 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $100.7M | $83.6M | ||
| Q2 25 | $94.8M | $77.8M | ||
| Q1 25 | $90.0M | $77.6M | ||
| Q4 24 | $105.9M | $91.6M | ||
| Q3 24 | $98.2M | $78.6M | ||
| Q2 24 | $89.0M | $72.8M | ||
| Q1 24 | $98.4M | $72.5M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-486.0K | $-10.4M | ||
| Q2 25 | $-5.3M | $-7.5M | ||
| Q1 25 | $-2.9M | $-10.9M | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-535.0K | $-8.1M | ||
| Q2 24 | $-482.0K | $5.5M | ||
| Q1 24 | $548.0K | $-8.1M |
| Q4 25 | 32.1% | 39.0% | ||
| Q3 25 | 36.9% | 41.1% | ||
| Q2 25 | 33.9% | 37.1% | ||
| Q1 25 | 36.1% | 39.8% | ||
| Q4 24 | 38.1% | 45.2% | ||
| Q3 24 | 42.1% | 43.8% | ||
| Q2 24 | 41.9% | 43.5% | ||
| Q1 24 | 42.9% | 44.6% |
| Q4 25 | -6.3% | -1.0% | ||
| Q3 25 | 0.5% | -6.8% | ||
| Q2 25 | -13.3% | -12.5% | ||
| Q1 25 | -6.0% | -10.3% | ||
| Q4 24 | -2.1% | 1.5% | ||
| Q3 24 | 1.1% | -5.3% | ||
| Q2 24 | 1.1% | -7.1% | ||
| Q1 24 | 4.0% | -6.6% |
| Q4 25 | -2.8% | — | ||
| Q3 25 | -0.5% | -12.4% | ||
| Q2 25 | -5.6% | -9.6% | ||
| Q1 25 | -3.2% | -14.0% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.5% | -10.3% | ||
| Q2 24 | -0.5% | 7.6% | ||
| Q1 24 | 0.6% | -11.2% |
| Q4 25 | $-0.02 | $-0.11 | ||
| Q3 25 | $0.00 | $-0.12 | ||
| Q2 25 | $-0.07 | $-0.09 | ||
| Q1 25 | $-0.04 | $-0.13 | ||
| Q4 24 | $-0.03 | $-0.13 | ||
| Q3 24 | $-0.01 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $0.01 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | $34.7M | $401.9M |
| Stockholders' EquityBook value | $45.7M | $534.9M |
| Total Assets | $209.2M | $1.1B |
| Debt / EquityLower = less leverage | 0.76× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $63.0M | ||
| Q3 25 | $9.5M | $49.9M | ||
| Q2 25 | $4.3M | $49.2M | ||
| Q1 25 | $3.9M | $65.5M | ||
| Q4 24 | $6.8M | $76.1M | ||
| Q3 24 | $7.3M | $69.5M | ||
| Q2 24 | $9.6M | $65.1M | ||
| Q1 24 | $4.0M | $55.1M |
| Q4 25 | $34.7M | $401.9M | ||
| Q3 25 | $35.0M | $403.1M | ||
| Q2 25 | $72.7M | $403.1M | ||
| Q1 25 | $68.8M | $405.2M | ||
| Q4 24 | $65.1M | $406.4M | ||
| Q3 24 | $64.9M | $403.2M | ||
| Q2 24 | $66.5M | $396.1M | ||
| Q1 24 | $61.5M | $396.7M |
| Q4 25 | $45.7M | $534.9M | ||
| Q3 25 | $48.0M | $537.8M | ||
| Q2 25 | $10.1M | $539.0M | ||
| Q1 25 | $11.2M | $544.1M | ||
| Q4 24 | $13.2M | $548.1M | ||
| Q3 24 | $14.5M | $564.3M | ||
| Q2 24 | $14.9M | $566.2M | ||
| Q1 24 | $14.6M | $560.0M |
| Q4 25 | $209.2M | $1.1B | ||
| Q3 25 | $222.4M | $1.1B | ||
| Q2 25 | $225.3M | $1.1B | ||
| Q1 25 | $222.9M | $1.1B | ||
| Q4 24 | $227.4M | $1.1B | ||
| Q3 24 | $233.7M | $1.1B | ||
| Q2 24 | $229.9M | $1.1B | ||
| Q1 24 | $227.2M | $1.1B |
| Q4 25 | 0.76× | 0.75× | ||
| Q3 25 | 0.73× | 0.75× | ||
| Q2 25 | 7.19× | 0.75× | ||
| Q1 25 | 6.15× | 0.74× | ||
| Q4 24 | 4.94× | 0.74× | ||
| Q3 24 | 4.47× | 0.71× | ||
| Q2 24 | 4.46× | 0.70× | ||
| Q1 24 | 4.21× | 0.71× |
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 | $19.5M |
| 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.
| Q4 25 | $-8.7M | $19.5M | ||
| Q3 25 | $6.4M | $8.5M | ||
| Q2 25 | $-3.3M | $-3.6M | ||
| Q1 25 | $-4.1M | $-1.3M | ||
| Q4 24 | $2.2M | $6.5M | ||
| Q3 24 | $1.9M | $10.1M | ||
| Q2 24 | $2.3M | $19.6M | ||
| Q1 24 | $4.9M | $5.2M |
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $5.6M | — | ||
| Q2 25 | $-4.3M | — | ||
| Q1 25 | $-5.3M | — | ||
| Q4 24 | $504.0K | — | ||
| Q3 24 | $-205.0K | — | ||
| Q2 24 | $147.0K | — | ||
| Q1 24 | $2.2M | — |
| Q4 25 | -8.3% | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | -4.5% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 2.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | 8.97× | — |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
