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Side-by-side financial comparison of BRC Inc. (BRCC) and SunPower Inc. (SPWR). Click either name above to swap in a different company.

BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $79.7M, roughly 1.4× SunPower Inc.). BRC Inc. runs the higher net margin — -2.8% vs -17.8%, a 14.9% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% 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.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

BRCC vs SPWR — Head-to-Head

Bigger by revenue
BRCC
BRCC
1.4× larger
BRCC
$112.7M
$79.7M
SPWR
Growing faster (revenue YoY)
BRCC
BRCC
+16.6% gap
BRCC
6.5%
-10.1%
SPWR
Higher net margin
BRCC
BRCC
14.9% more per $
BRCC
-2.8%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
7.0%
BRCC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRCC
BRCC
SPWR
SPWR
Revenue
$112.7M
$79.7M
Net Profit
$-3.2M
$-14.2M
Gross Margin
32.1%
35.5%
Operating Margin
-6.3%
-27.4%
Net Margin
-2.8%
-17.8%
Revenue YoY
6.5%
-10.1%
Net Profit YoY
-29.3%
-130.1%
EPS (diluted)
$-0.02
$-0.05

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
SPWR
SPWR
Q4 25
$112.7M
$79.7M
Q3 25
$100.7M
$22.0M
Q2 25
$94.8M
$67.5M
Q1 25
$90.0M
$82.7M
Q4 24
$105.9M
$88.7M
Q3 24
$98.2M
Q2 24
$89.0M
Q1 24
$98.4M
Net Profit
BRCC
BRCC
SPWR
SPWR
Q4 25
$-3.2M
$-14.2M
Q3 25
$-486.0K
$-16.9M
Q2 25
$-5.3M
$-22.4M
Q1 25
$-2.9M
$8.1M
Q4 24
$-2.5M
$47.0M
Q3 24
$-535.0K
Q2 24
$-482.0K
Q1 24
$548.0K
Gross Margin
BRCC
BRCC
SPWR
SPWR
Q4 25
32.1%
35.5%
Q3 25
36.9%
Q2 25
33.9%
42.6%
Q1 25
36.1%
48.5%
Q4 24
38.1%
46.5%
Q3 24
42.1%
Q2 24
41.9%
Q1 24
42.9%
Operating Margin
BRCC
BRCC
SPWR
SPWR
Q4 25
-6.3%
-27.4%
Q3 25
0.5%
-15.7%
Q2 25
-13.3%
-4.0%
Q1 25
-6.0%
1.3%
Q4 24
-2.1%
-24.2%
Q3 24
1.1%
Q2 24
1.1%
Q1 24
4.0%
Net Margin
BRCC
BRCC
SPWR
SPWR
Q4 25
-2.8%
-17.8%
Q3 25
-0.5%
-76.9%
Q2 25
-5.6%
-33.2%
Q1 25
-3.2%
9.8%
Q4 24
-2.3%
53.0%
Q3 24
-0.5%
Q2 24
-0.5%
Q1 24
0.6%
EPS (diluted)
BRCC
BRCC
SPWR
SPWR
Q4 25
$-0.02
$-0.05
Q3 25
$0.00
$-0.19
Q2 25
$-0.07
$-0.28
Q1 25
$-0.04
$0.00
Q4 24
$-0.03
$0.27
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
BRCC
BRCC
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$4.3M
$9.6M
Total DebtLower is stronger
$34.7M
$164.8M
Stockholders' EquityBook value
$45.7M
$-90.1M
Total Assets
$209.2M
$241.2M
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCC
BRCC
SPWR
SPWR
Q4 25
$4.3M
$9.6M
Q3 25
$9.5M
$5.1M
Q2 25
$4.3M
$11.1M
Q1 25
$3.9M
$10.6M
Q4 24
$6.8M
$13.4M
Q3 24
$7.3M
Q2 24
$9.6M
Q1 24
$4.0M
Total Debt
BRCC
BRCC
SPWR
SPWR
Q4 25
$34.7M
$164.8M
Q3 25
$35.0M
$204.3M
Q2 25
$72.7M
$152.9M
Q1 25
$68.8M
Q4 24
$65.1M
$147.3M
Q3 24
$64.9M
Q2 24
$66.5M
Q1 24
$61.5M
Stockholders' Equity
BRCC
BRCC
SPWR
SPWR
Q4 25
$45.7M
$-90.1M
Q3 25
$48.0M
$-112.3M
Q2 25
$10.1M
$-107.2M
Q1 25
$11.2M
$-89.0M
Q4 24
$13.2M
$-97.5M
Q3 24
$14.5M
Q2 24
$14.9M
Q1 24
$14.6M
Total Assets
BRCC
BRCC
SPWR
SPWR
Q4 25
$209.2M
$241.2M
Q3 25
$222.4M
$208.3M
Q2 25
$225.3M
$163.1M
Q1 25
$222.9M
$147.8M
Q4 24
$227.4M
$144.5M
Q3 24
$233.7M
Q2 24
$229.9M
Q1 24
$227.2M
Debt / Equity
BRCC
BRCC
SPWR
SPWR
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
SPWR
SPWR
Operating Cash FlowLast quarter
$-8.7M
$-1.9M
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.

Operating Cash Flow
BRCC
BRCC
SPWR
SPWR
Q4 25
$-8.7M
$-1.9M
Q3 25
$6.4M
$-6.4M
Q2 25
$-3.3M
$-4.4M
Q1 25
$-4.1M
$-2.6M
Q4 24
$2.2M
$-25.6M
Q3 24
$1.9M
Q2 24
$2.3M
Q1 24
$4.9M
Free Cash Flow
BRCC
BRCC
SPWR
SPWR
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
FCF Margin
BRCC
BRCC
SPWR
SPWR
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%
Capex Intensity
BRCC
BRCC
SPWR
SPWR
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%
Cash Conversion
BRCC
BRCC
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
-0.32×
Q4 24
-0.54×
Q3 24
Q2 24
Q1 24
8.97×

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%

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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