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Side-by-side financial comparison of BRC Inc. (BRCC) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $112.7M, roughly 1.5× BRC Inc.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -2.8%, a 28.2% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-9.4M). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs 4.9%).
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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
BRCC vs PRK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $168.3M |
| Net Profit | $-3.2M | $42.6M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | — |
| Net Margin | -2.8% | 25.3% |
| Revenue YoY | 6.5% | 2.2% |
| Net Profit YoY | -29.3% | 10.4% |
| EPS (diluted) | $-0.02 | $2.62 |
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 | $168.3M | ||
| Q3 25 | $100.7M | $169.5M | ||
| Q2 25 | $94.8M | $168.7M | ||
| Q1 25 | $90.0M | $157.9M | ||
| Q4 24 | $105.9M | $164.7M | ||
| Q3 24 | $98.2M | $170.3M | ||
| Q2 24 | $89.0M | $157.7M | ||
| Q1 24 | $98.4M | $152.8M |
| Q4 25 | $-3.2M | $42.6M | ||
| Q3 25 | $-486.0K | $47.2M | ||
| Q2 25 | $-5.3M | $48.1M | ||
| Q1 25 | $-2.9M | $42.2M | ||
| Q4 24 | $-2.5M | $38.6M | ||
| Q3 24 | $-535.0K | $38.2M | ||
| Q2 24 | $-482.0K | $39.4M | ||
| Q1 24 | $548.0K | $35.2M |
| 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% | — | ||
| Q3 25 | 0.5% | 34.3% | ||
| Q2 25 | -13.3% | 35.2% | ||
| Q1 25 | -6.0% | 32.4% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 1.1% | 27.4% | ||
| Q2 24 | 1.1% | 30.6% | ||
| Q1 24 | 4.0% | 27.8% |
| Q4 25 | -2.8% | 25.3% | ||
| Q3 25 | -0.5% | 27.8% | ||
| Q2 25 | -5.6% | 28.5% | ||
| Q1 25 | -3.2% | 26.7% | ||
| Q4 24 | -2.3% | 23.5% | ||
| Q3 24 | -0.5% | 22.4% | ||
| Q2 24 | -0.5% | 25.0% | ||
| Q1 24 | 0.6% | 23.0% |
| Q4 25 | $-0.02 | $2.62 | ||
| Q3 25 | $0.00 | $2.92 | ||
| Q2 25 | $-0.07 | $2.97 | ||
| Q1 25 | $-0.04 | $2.60 | ||
| Q4 24 | $-0.03 | $2.38 | ||
| Q3 24 | $-0.01 | $2.35 | ||
| Q2 24 | $-0.01 | $2.42 | ||
| Q1 24 | $0.01 | $2.17 |
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 | $233.5M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $1.4B |
| Total Assets | $209.2M | $9.8B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $233.5M | ||
| Q3 25 | $9.5M | $218.9M | ||
| Q2 25 | $4.3M | $193.1M | ||
| Q1 25 | $3.9M | $237.6M | ||
| Q4 24 | $6.8M | $160.6M | ||
| Q3 24 | $7.3M | $201.7M | ||
| Q2 24 | $9.6M | $261.5M | ||
| Q1 24 | $4.0M | $306.1M |
| 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 | — |
| Q4 25 | $45.7M | $1.4B | ||
| Q3 25 | $48.0M | $1.3B | ||
| Q2 25 | $10.1M | $1.3B | ||
| Q1 25 | $11.2M | $1.3B | ||
| Q4 24 | $13.2M | $1.2B | ||
| Q3 24 | $14.5M | $1.2B | ||
| Q2 24 | $14.9M | $1.2B | ||
| Q1 24 | $14.6M | $1.2B |
| Q4 25 | $209.2M | $9.8B | ||
| Q3 25 | $222.4M | $9.9B | ||
| Q2 25 | $225.3M | $9.9B | ||
| Q1 25 | $222.9M | $9.9B | ||
| Q4 24 | $227.4M | $9.8B | ||
| Q3 24 | $233.7M | $9.9B | ||
| Q2 24 | $229.9M | $9.9B | ||
| Q1 24 | $227.2M | $9.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-8.7M | $198.3M |
| Free Cash FlowOCF − Capex | $-9.4M | $191.9M |
| FCF MarginFCF / Revenue | -8.3% | 114.1% |
| Capex IntensityCapex / Revenue | 0.6% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $198.3M | ||
| Q3 25 | $6.4M | $52.6M | ||
| Q2 25 | $-3.3M | $49.7M | ||
| Q1 25 | $-4.1M | $37.9M | ||
| Q4 24 | $2.2M | $178.8M | ||
| Q3 24 | $1.9M | $43.8M | ||
| Q2 24 | $2.3M | $50.9M | ||
| Q1 24 | $4.9M | $35.0M |
| Q4 25 | $-9.4M | $191.9M | ||
| Q3 25 | $5.6M | $51.1M | ||
| Q2 25 | $-4.3M | $48.4M | ||
| Q1 25 | $-5.3M | $36.8M | ||
| Q4 24 | $504.0K | $169.7M | ||
| Q3 24 | $-205.0K | $41.7M | ||
| Q2 24 | $147.0K | $49.0M | ||
| Q1 24 | $2.2M | $31.9M |
| Q4 25 | -8.3% | 114.1% | ||
| Q3 25 | 5.5% | 30.1% | ||
| Q2 25 | -4.5% | 28.7% | ||
| Q1 25 | -5.9% | 23.3% | ||
| Q4 24 | 0.5% | 103.0% | ||
| Q3 24 | -0.2% | 24.5% | ||
| Q2 24 | 0.2% | 31.1% | ||
| Q1 24 | 2.2% | 20.8% |
| Q4 25 | 0.6% | 3.8% | ||
| Q3 25 | 0.8% | 0.9% | ||
| Q2 25 | 1.0% | 0.8% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.6% | 5.6% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 2.4% | 1.2% | ||
| Q1 24 | 2.8% | 2.1% |
| Q4 25 | — | 4.65× | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | 8.97× | 0.99× |
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% |
PRK
Segment breakdown not available.
