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Side-by-side financial comparison of BRC Inc. (BRCC) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -2.8%, a 4.9% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-9.4M). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
BRCC vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $71.1M |
| Net Profit | $-3.2M | $1.4M |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | 13.1% |
| Net Margin | -2.8% | 2.0% |
| Revenue YoY | 6.5% | -1.8% |
| Net Profit YoY | -29.3% | -75.2% |
| 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 | $71.1M | ||
| Q3 25 | $100.7M | $73.2M | ||
| Q2 25 | $94.8M | $72.8M | ||
| Q1 25 | $90.0M | $74.5M | ||
| Q4 24 | $105.9M | $72.5M | ||
| Q3 24 | $98.2M | $78.5M | ||
| Q2 24 | $89.0M | $78.5M | ||
| Q1 24 | $98.4M | $78.3M |
| Q4 25 | $-3.2M | $1.4M | ||
| Q3 25 | $-486.0K | $4.0M | ||
| Q2 25 | $-5.3M | $4.7M | ||
| Q1 25 | $-2.9M | $-2.0M | ||
| Q4 24 | $-2.5M | $5.8M | ||
| Q3 24 | $-535.0K | $966.0K | ||
| Q2 24 | $-482.0K | $3.7M | ||
| Q1 24 | $548.0K | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | 0.5% | 25.0% | ||
| Q2 25 | -13.3% | 19.3% | ||
| Q1 25 | -6.0% | 7.2% | ||
| Q4 24 | -2.1% | 5.9% | ||
| Q3 24 | 1.1% | 19.4% | ||
| Q2 24 | 1.1% | 20.6% | ||
| Q1 24 | 4.0% | 5.8% |
| Q4 25 | -2.8% | 2.0% | ||
| Q3 25 | -0.5% | 5.4% | ||
| Q2 25 | -5.6% | 6.4% | ||
| Q1 25 | -3.2% | -2.6% | ||
| Q4 24 | -2.3% | 8.0% | ||
| Q3 24 | -0.5% | 1.2% | ||
| Q2 24 | -0.5% | 4.7% | ||
| Q1 24 | 0.6% | -4.3% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.01 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $0.01 | — |
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 | $118.7M |
| Total DebtLower is stronger | $34.7M | $432.2M |
| Stockholders' EquityBook value | $45.7M | $452.4M |
| Total Assets | $209.2M | $582.5M |
| Debt / EquityLower = less leverage | 0.76× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $118.7M | ||
| Q3 25 | $9.5M | $107.5M | ||
| Q2 25 | $4.3M | $94.3M | ||
| Q1 25 | $3.9M | $89.1M | ||
| Q4 24 | $6.8M | $96.6M | ||
| Q3 24 | $7.3M | $83.8M | ||
| Q2 24 | $9.6M | $66.1M | ||
| Q1 24 | $4.0M | $82.1M |
| Q4 25 | $34.7M | $432.2M | ||
| Q3 25 | $35.0M | $433.3M | ||
| Q2 25 | $72.7M | $434.4M | ||
| Q1 25 | $68.8M | $435.3M | ||
| Q4 24 | $65.1M | $436.2M | ||
| Q3 24 | $64.9M | $437.2M | ||
| Q2 24 | $66.5M | $438.1M | ||
| Q1 24 | $61.5M | $439.0M |
| Q4 25 | $45.7M | $452.4M | ||
| Q3 25 | $48.0M | $448.1M | ||
| Q2 25 | $10.1M | $442.4M | ||
| Q1 25 | $11.2M | $433.5M | ||
| Q4 24 | $13.2M | $429.5M | ||
| Q3 24 | $14.5M | $423.1M | ||
| Q2 24 | $14.9M | $418.4M | ||
| Q1 24 | $14.6M | $412.0M |
| Q4 25 | $209.2M | $582.5M | ||
| Q3 25 | $222.4M | $582.2M | ||
| Q2 25 | $225.3M | $574.8M | ||
| Q1 25 | $222.9M | $571.4M | ||
| Q4 24 | $227.4M | $581.6M | ||
| Q3 24 | $233.7M | $578.6M | ||
| Q2 24 | $229.9M | $571.4M | ||
| Q1 24 | $227.2M | $566.7M |
| Q4 25 | 0.76× | 0.96× | ||
| Q3 25 | 0.73× | 0.97× | ||
| Q2 25 | 7.19× | 0.98× | ||
| Q1 25 | 6.15× | 1.00× | ||
| Q4 24 | 4.94× | 1.02× | ||
| Q3 24 | 4.47× | 1.03× | ||
| Q2 24 | 4.46× | 1.05× | ||
| Q1 24 | 4.21× | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-9.4M | $33.5M |
| FCF MarginFCF / Revenue | -8.3% | 47.1% |
| Capex IntensityCapex / Revenue | 0.6% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $40.9M | ||
| Q3 25 | $6.4M | $17.7M | ||
| Q2 25 | $-3.3M | $4.6M | ||
| Q1 25 | $-4.1M | $5.7M | ||
| Q4 24 | $2.2M | $59.7M | ||
| Q3 24 | $1.9M | $17.6M | ||
| Q2 24 | $2.3M | $15.9M | ||
| Q1 24 | $4.9M | $9.4M |
| Q4 25 | $-9.4M | $33.5M | ||
| Q3 25 | $5.6M | $16.4M | ||
| Q2 25 | $-4.3M | $2.9M | ||
| Q1 25 | $-5.3M | $4.0M | ||
| Q4 24 | $504.0K | $53.0M | ||
| Q3 24 | $-205.0K | $16.3M | ||
| Q2 24 | $147.0K | $14.0M | ||
| Q1 24 | $2.2M | $6.8M |
| Q4 25 | -8.3% | 47.1% | ||
| Q3 25 | 5.5% | 22.4% | ||
| Q2 25 | -4.5% | 4.0% | ||
| Q1 25 | -5.9% | 5.3% | ||
| Q4 24 | 0.5% | 73.2% | ||
| Q3 24 | -0.2% | 20.8% | ||
| Q2 24 | 0.2% | 17.8% | ||
| Q1 24 | 2.2% | 8.6% |
| Q4 25 | 0.6% | 10.4% | ||
| Q3 25 | 0.8% | 1.8% | ||
| Q2 25 | 1.0% | 2.2% | ||
| Q1 25 | 1.3% | 2.3% | ||
| Q4 24 | 1.6% | 9.1% | ||
| Q3 24 | 2.2% | 1.7% | ||
| Q2 24 | 2.4% | 2.4% | ||
| Q1 24 | 2.8% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
