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BRC Inc.（BRCC）与Vita Coco Company, Inc.（COCO）财务数据对比。点击上方公司名可切换其他公司
Vita Coco Company, Inc.的季度营收约是BRC Inc.的1.1倍（$127.8M vs $112.7M）。Vita Coco Company, Inc.净利率更高（4.3% vs -2.8%，领先7.2%）。BRC Inc.同比增速更快（6.5% vs 0.4%）。Vita Coco Company, Inc.自由现金流更多（$-7.1M vs $-9.4M）。过去两年BRC Inc.的营收复合增速更高（7.0% vs 7.0%）
BRC Inc.是一家美国高端咖啡与生活方式品牌，主营烘焙咖啡豆、即饮咖啡饮品、品牌服饰及户外装备，核心客群包含退伍军人、急救人员与户外爱好者，在北美地区通过电商及线下实体门店渠道销售产品。
唯他可可（Vita Coco）是美国知名饮料企业，主打椰子水产品，是全球椰子水及植物基饮品赛道的头部品牌。截至2016年业务已覆盖31个国家，属于共益企业，由All Market Inc.控股。
BRCC vs COCO — 直观对比
营收规模更大
COCO
是对方的1.1倍
$112.7M
营收增速更快
BRCC
高出6.1%
0.4%
净利率更高
COCO
高出7.2%
-2.8%
自由现金流更多
COCO
多$2.3M
$-9.4M
两年增速更快
BRCC
近两年复合增速
7.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $112.7M | $127.8M |
| 净利润 | $-3.2M | $5.5M |
| 毛利率 | 32.1% | 34.9% |
| 营业利润率 | -6.3% | 8.0% |
| 净利率 | -2.8% | 4.3% |
| 营收同比 | 6.5% | 0.4% |
| 净利润同比 | -29.3% | 64.0% |
| 每股收益（稀释后） | $-0.02 | $0.10 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BRCCCOCO
| Q4 25 | $112.7M | $127.8M | ||
| Q3 25 | $100.7M | $182.3M | ||
| Q2 25 | $94.8M | $168.8M | ||
| Q1 25 | $90.0M | $130.9M | ||
| Q4 24 | $105.9M | $127.3M | ||
| Q3 24 | $98.2M | $132.9M | ||
| Q2 24 | $89.0M | $144.1M | ||
| Q1 24 | $98.4M | $111.7M |
净利润BRCCCOCO
| Q4 25 | $-3.2M | $5.5M | ||
| Q3 25 | $-486.0K | $24.0M | ||
| Q2 25 | $-5.3M | $22.9M | ||
| Q1 25 | $-2.9M | $18.9M | ||
| Q4 24 | $-2.5M | $3.4M | ||
| Q3 24 | $-535.0K | $19.3M | ||
| Q2 24 | $-482.0K | $19.1M | ||
| Q1 24 | $548.0K | $14.2M |
毛利率BRCCCOCO
| Q4 25 | 32.1% | 34.9% | ||
| Q3 25 | 36.9% | 37.7% | ||
| Q2 25 | 33.9% | 36.3% | ||
| Q1 25 | 36.1% | 36.7% | ||
| Q4 24 | 38.1% | 32.5% | ||
| Q3 24 | 42.1% | 38.8% | ||
| Q2 24 | 41.9% | 40.8% | ||
| Q1 24 | 42.9% | 42.2% |
营业利润率BRCCCOCO
| Q4 25 | -6.3% | 8.0% | ||
| Q3 25 | 0.5% | 15.3% | ||
| Q2 25 | -13.3% | 14.9% | ||
| Q1 25 | -6.0% | 14.7% | ||
| Q4 24 | -2.1% | 3.4% | ||
| Q3 24 | 1.1% | 15.5% | ||
| Q2 24 | 1.1% | 20.8% | ||
| Q1 24 | 4.0% | 17.0% |
净利率BRCCCOCO
| Q4 25 | -2.8% | 4.3% | ||
| Q3 25 | -0.5% | 13.2% | ||
| Q2 25 | -5.6% | 13.6% | ||
| Q1 25 | -3.2% | 14.4% | ||
| Q4 24 | -2.3% | 2.6% | ||
| Q3 24 | -0.5% | 14.5% | ||
| Q2 24 | -0.5% | 13.2% | ||
| Q1 24 | 0.6% | 12.7% |
每股收益（稀释后）BRCCCOCO
| Q4 25 | $-0.02 | $0.10 | ||
| Q3 25 | $0.00 | $0.40 | ||
| Q2 25 | $-0.07 | $0.38 | ||
| Q1 25 | $-0.04 | $0.31 | ||
| Q4 24 | $-0.03 | $0.06 | ||
| Q3 24 | $-0.01 | $0.32 | ||
| Q2 24 | $-0.01 | $0.32 | ||
| Q1 24 | $0.01 | $0.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.3M | $196.9M |
| 总债务越低越好 | $34.7M | — |
| 股东权益账面价值 | $45.7M | $331.5M |
| 总资产 | $209.2M | $461.2M |
| 负债/权益比越低杠杆越低 | 0.76× | — |
8季度趋势，按日历期对齐
现金及短期投资BRCCCOCO
| Q4 25 | $4.3M | $196.9M | ||
| Q3 25 | $9.5M | $203.7M | ||
| Q2 25 | $4.3M | $167.0M | ||
| Q1 25 | $3.9M | $153.6M | ||
| Q4 24 | $6.8M | $164.7M | ||
| Q3 24 | $7.3M | $156.7M | ||
| Q2 24 | $9.6M | $150.1M | ||
| Q1 24 | $4.0M | $123.0M |
总债务BRCCCOCO
| 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 | — |
股东权益BRCCCOCO
| Q4 25 | $45.7M | $331.5M | ||
| Q3 25 | $48.0M | $323.7M | ||
| Q2 25 | $10.1M | $296.9M | ||
| Q1 25 | $11.2M | $277.9M | ||
| Q4 24 | $13.2M | $258.8M | ||
| Q3 24 | $14.5M | $252.1M | ||
| Q2 24 | $14.9M | $232.0M | ||
| Q1 24 | $14.6M | $209.7M |
总资产BRCCCOCO
| Q4 25 | $209.2M | $461.2M | ||
| Q3 25 | $222.4M | $461.3M | ||
| Q2 25 | $225.3M | $421.1M | ||
| Q1 25 | $222.9M | $384.0M | ||
| Q4 24 | $227.4M | $362.4M | ||
| Q3 24 | $233.7M | $353.1M | ||
| Q2 24 | $229.9M | $323.0M | ||
| Q1 24 | $227.2M | $289.0M |
负债/权益比BRCCCOCO
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-8.7M | $-3.9M |
| 自由现金流经营现金流 - 资本支出 | $-9.4M | $-7.1M |
| 自由现金流率自由现金流/营收 | -8.3% | -5.6% |
| 资本支出强度资本支出/营收 | 0.6% | 2.5% |
| 现金转化率经营现金流/净利润 | — | -0.70× |
| 过去12个月自由现金流最近4个季度 | $-13.5M | $39.0M |
8季度趋势，按日历期对齐
经营现金流BRCCCOCO
| Q4 25 | $-8.7M | $-3.9M | ||
| Q3 25 | $6.4M | $39.1M | ||
| Q2 25 | $-3.3M | $21.8M | ||
| Q1 25 | $-4.1M | $-9.8M | ||
| Q4 24 | $2.2M | $6.9M | ||
| Q3 24 | $1.9M | $9.3M | ||
| Q2 24 | $2.3M | $26.9M | ||
| Q1 24 | $4.9M | $-267.0K |
自由现金流BRCCCOCO
| Q4 25 | $-9.4M | $-7.1M | ||
| Q3 25 | $5.6M | $35.6M | ||
| Q2 25 | $-4.3M | $20.9M | ||
| Q1 25 | $-5.3M | $-10.4M | ||
| Q4 24 | $504.0K | $6.8M | ||
| Q3 24 | $-205.0K | $8.9M | ||
| Q2 24 | $147.0K | $26.6M | ||
| Q1 24 | $2.2M | $-391.0K |
自由现金流率BRCCCOCO
| Q4 25 | -8.3% | -5.6% | ||
| Q3 25 | 5.5% | 19.6% | ||
| Q2 25 | -4.5% | 12.4% | ||
| Q1 25 | -5.9% | -7.9% | ||
| Q4 24 | 0.5% | 5.3% | ||
| Q3 24 | -0.2% | 6.7% | ||
| Q2 24 | 0.2% | 18.5% | ||
| Q1 24 | 2.2% | -0.4% |
资本支出强度BRCCCOCO
| Q4 25 | 0.6% | 2.5% | ||
| Q3 25 | 0.8% | 1.9% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.6% | 0.1% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 2.4% | 0.2% | ||
| Q1 24 | 2.8% | 0.1% |
现金转化率BRCCCOCO
| Q4 25 | — | -0.70× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | -0.52× | ||
| Q4 24 | — | 2.05× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | 8.97× | -0.02× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
COCO
| Vita Coco Coconut Water | $85.3M | 67% |
| Other | $25.3M | 20% |
| Private Label | $12.5M | 10% |
