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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and JEWETT CAMERON TRADING CO LTD (JCTC). Click either name above to swap in a different company.

JEWETT CAMERON TRADING CO LTD is the larger business by last-quarter revenue ($8.7M vs $7.1M, roughly 1.2× Borealis Foods Inc.). JEWETT CAMERON TRADING CO LTD runs the higher net margin — -45.6% vs -53.2%, a 7.6% gap on every dollar of revenue. On growth, JEWETT CAMERON TRADING CO LTD posted the faster year-over-year revenue change (-6.6% vs -12.0%). Over the past eight quarters, JEWETT CAMERON TRADING CO LTD's revenue compounded faster (2.5% CAGR vs -2.4%).

Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.

Jewett Cameron Trading Co Ltd (ticker JCTC) is a US-based distribution firm offering construction hardware, industrial supplies, outdoor living, and home improvement goods. It serves retail, commercial construction, and wholesale clients across North America, with core segments in building materials and outdoor recreation.

BRLS vs JCTC — Head-to-Head

Bigger by revenue
JCTC
JCTC
1.2× larger
JCTC
$8.7M
$7.1M
BRLS
Growing faster (revenue YoY)
JCTC
JCTC
+5.4% gap
JCTC
-6.6%
-12.0%
BRLS
Higher net margin
JCTC
JCTC
7.6% more per $
JCTC
-45.6%
-53.2%
BRLS
Faster 2-yr revenue CAGR
JCTC
JCTC
Annualised
JCTC
2.5%
-2.4%
BRLS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BRLS
BRLS
JCTC
JCTC
Revenue
$7.1M
$8.7M
Net Profit
$-3.8M
$-3.9M
Gross Margin
14.6%
-12.5%
Operating Margin
-27.1%
-43.7%
Net Margin
-53.2%
-45.6%
Revenue YoY
-12.0%
-6.6%
Net Profit YoY
21.8%
-498.8%
EPS (diluted)
$-0.18
$-1.12

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
BRLS
BRLS
JCTC
JCTC
Q4 25
$8.7M
Q3 25
$7.1M
$10.4M
Q2 25
$7.2M
$12.6M
Q1 25
$6.8M
$9.1M
Q4 24
$6.8M
$9.3M
Q3 24
$8.1M
$13.2M
Q2 24
$5.5M
$15.9M
Q1 24
$7.9M
$8.2M
Net Profit
BRLS
BRLS
JCTC
JCTC
Q4 25
$-3.9M
Q3 25
$-3.8M
$-2.2M
Q2 25
$-4.6M
$-649.6K
Q1 25
$-4.2M
$-573.1K
Q4 24
$-5.8M
$-658.7K
Q3 24
$-4.8M
$-190.5K
Q2 24
$-6.3M
$154.9K
Q1 24
$-8.4M
$-534.1K
Gross Margin
BRLS
BRLS
JCTC
JCTC
Q4 25
-12.5%
Q3 25
14.6%
8.2%
Q2 25
7.2%
15.0%
Q1 25
13.1%
20.1%
Q4 24
3.7%
18.3%
Q3 24
15.8%
14.5%
Q2 24
7.7%
18.6%
Q1 24
3.1%
25.1%
Operating Margin
BRLS
BRLS
JCTC
JCTC
Q4 25
-43.7%
Q3 25
-27.1%
-13.8%
Q2 25
-46.7%
-5.5%
Q1 25
-42.6%
-8.5%
Q4 24
-68.4%
-9.3%
Q3 24
-44.8%
-2.3%
Q2 24
-94.8%
0.3%
Q1 24
-88.3%
-8.8%
Net Margin
BRLS
BRLS
JCTC
JCTC
Q4 25
-45.6%
Q3 25
-53.2%
-21.7%
Q2 25
-64.0%
-5.2%
Q1 25
-61.2%
-6.3%
Q4 24
-85.3%
-7.1%
Q3 24
-59.8%
-1.4%
Q2 24
-115.0%
1.0%
Q1 24
-106.8%
-6.5%
EPS (diluted)
BRLS
BRLS
JCTC
JCTC
Q4 25
$-1.12
Q3 25
$-0.18
$-0.65
Q2 25
$0.21
$-0.18
Q1 25
$-0.20
$-0.16
Q4 24
$-0.82
$-0.19
Q3 24
$-0.23
$-0.05
Q2 24
$0.29
$0.04
Q1 24
$-0.49
$-0.15

Balance Sheet & Financial Strength

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

Metric
BRLS
BRLS
JCTC
JCTC
Cash + ST InvestmentsLiquidity on hand
$1.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.9M
$16.8M
Total Assets
$56.3M
$23.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLS
BRLS
JCTC
JCTC
Q4 25
$1.0M
Q3 25
$226.2K
Q2 25
$1.2M
Q1 25
$435.6K
Q4 24
$3.0M
Q3 24
$4.9M
Q2 24
$1.1M
Q1 24
$1.1M
Stockholders' Equity
BRLS
BRLS
JCTC
JCTC
Q4 25
$16.8M
Q3 25
$-12.9M
$20.8M
Q2 25
$-9.2M
$23.0M
Q1 25
$-4.8M
$23.7M
Q4 24
$-695.9K
$24.2M
Q3 24
$5.1M
$24.9M
Q2 24
$9.9M
$25.0M
Q1 24
$16.2M
$24.9M
Total Assets
BRLS
BRLS
JCTC
JCTC
Q4 25
$23.2M
Q3 25
$56.3M
$25.5M
Q2 25
$57.3M
$29.2M
Q1 25
$58.4M
$27.6M
Q4 24
$60.0M
$26.7M
Q3 24
$61.9M
$27.5M
Q2 24
$63.6M
$28.3M
Q1 24
$70.3M
$29.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRLS
BRLS
JCTC
JCTC
Operating Cash FlowLast quarter
$-190.6K
$-1.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLS
BRLS
JCTC
JCTC
Q4 25
$-1.3M
Q3 25
$-190.6K
$-636.4K
Q2 25
$-2.2M
$-1.6M
Q1 25
$-1.4M
$-2.6M
Q4 24
$-819.4K
$-1.8M
Q3 24
$-3.3M
$3.8M
Q2 24
$-4.2M
$14.5K
Q1 24
$-6.8M
$-2.4M
Free Cash Flow
BRLS
BRLS
JCTC
JCTC
Q4 25
Q3 25
$-658.0K
Q2 25
$-1.7M
Q1 25
$-1.4M
$-2.6M
Q4 24
$-951.6K
$-1.8M
Q3 24
$-3.7M
Q2 24
$-4.7M
$-96.1K
Q1 24
$-7.3M
FCF Margin
BRLS
BRLS
JCTC
JCTC
Q4 25
Q3 25
-6.3%
Q2 25
-13.1%
Q1 25
-20.3%
-28.8%
Q4 24
-14.1%
-19.6%
Q3 24
-46.1%
Q2 24
-86.7%
-0.6%
Q1 24
-92.7%
Capex Intensity
BRLS
BRLS
JCTC
JCTC
Q4 25
0.0%
Q3 25
0.2%
Q2 25
0.3%
Q1 25
0.2%
0.2%
Q4 24
2.0%
0.4%
Q3 24
5.6%
0.0%
Q2 24
9.4%
0.7%
Q1 24
7.0%
0.0%
Cash Conversion
BRLS
BRLS
JCTC
JCTC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.09×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRLS
BRLS

Segment breakdown not available.

JCTC
JCTC

Lawn Garden Pet And Other$7.4M86%
Industrial Wood Products$1.2M14%

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