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BRC Inc.（BRCC）与Heritage Distilling Holding Company, Inc.（IPST）财务数据对比。点击上方公司名可切换其他公司
BRC Inc.的季度营收约是Heritage Distilling Holding Company, Inc.的23.9倍（$112.7M vs $4.7M）。BRC Inc.净利率更高（-2.8% vs -6862.0%，领先6859.1%）
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。
纽波特工艺酿酒蒸馏公司位于美国罗德岛州纽波特，1999年以滨海极限酿酒公司之名成立，是纽波特首家精酿微酿酒厂，2006年新增蒸馏业务，2018年改用现名以体现综合生产定位，目前生产多种啤酒与烈酒产品，分销网络覆盖美国东北部地区。
BRCC vs IPST — 直观对比
营收规模更大
BRCC
是对方的23.9倍
$4.7M
净利率更高
BRCC
高出6859.1%
-6862.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $112.7M | $4.7M |
| 净利润 | $-3.2M | $-323.7M |
| 毛利率 | 32.1% | 68.5% |
| 营业利润率 | -6.3% | -2622.6% |
| 净利率 | -2.8% | -6862.0% |
| 营收同比 | 6.5% | — |
| 净利润同比 | -29.3% | — |
| 每股收益（稀释后） | $-0.02 | $-31.89 |
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BRCCIPST
| Q4 25 | $112.7M | $4.7M | ||
| Q3 25 | $100.7M | $3.0M | ||
| Q2 25 | $94.8M | $1.3M | ||
| Q1 25 | $90.0M | $1.1M | ||
| Q4 24 | $105.9M | — | ||
| Q3 24 | $98.2M | $1.8M | ||
| Q2 24 | $89.0M | — | ||
| Q1 24 | $98.4M | — |
净利润BRCCIPST
| Q4 25 | $-3.2M | $-323.7M | ||
| Q3 25 | $-486.0K | $196.3M | ||
| Q2 25 | $-5.3M | $-7.3M | ||
| Q1 25 | $-2.9M | $-3.0M | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-535.0K | $-3.4M | ||
| Q2 24 | $-482.0K | — | ||
| Q1 24 | $548.0K | — |
毛利率BRCCIPST
| Q4 25 | 32.1% | 68.5% | ||
| Q3 25 | 36.9% | 61.3% | ||
| Q2 25 | 33.9% | 17.2% | ||
| Q1 25 | 36.1% | 24.9% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 42.1% | 35.8% | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 42.9% | — |
营业利润率BRCCIPST
| Q4 25 | -6.3% | -2622.6% | ||
| Q3 25 | 0.5% | -38.4% | ||
| Q2 25 | -13.3% | -503.0% | ||
| Q1 25 | -6.0% | -224.5% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 1.1% | -118.1% | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 4.0% | — |
净利率BRCCIPST
| Q4 25 | -2.8% | -6862.0% | ||
| Q3 25 | -0.5% | 6566.2% | ||
| Q2 25 | -5.6% | -551.9% | ||
| Q1 25 | -3.2% | -277.8% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.5% | -194.9% | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | 0.6% | — |
每股收益（稀释后）BRCCIPST
| Q4 25 | $-0.02 | $-31.89 | ||
| Q3 25 | $0.00 | $16.97 | ||
| Q2 25 | $-0.07 | $-0.77 | ||
| Q1 25 | $-0.04 | $-0.34 | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.01 | $-160.41 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $0.01 | — |
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 | — |
| 总债务越低越好 | $34.7M | $2.6M |
| 股东权益账面价值 | $45.7M | $98.2M |
| 总资产 | $209.2M | $108.8M |
| 负债/权益比越低杠杆越低 | 0.76× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资BRCCIPST
| Q4 25 | $4.3M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $4.3M | — | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $7.3M | — | ||
| Q2 24 | $9.6M | — | ||
| Q1 24 | $4.0M | — |
总债务BRCCIPST
| Q4 25 | $34.7M | $2.6M | ||
| Q3 25 | $35.0M | $2.6M | ||
| Q2 25 | $72.7M | $13.0M | ||
| Q1 25 | $68.8M | $13.0M | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | $15.0M | ||
| Q2 24 | $66.5M | — | ||
| Q1 24 | $61.5M | — |
股东权益BRCCIPST
| Q4 25 | $45.7M | $98.2M | ||
| Q3 25 | $48.0M | $420.4M | ||
| Q2 25 | $10.1M | $-2.9M | ||
| Q1 25 | $11.2M | $-329.0K | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $14.5M | $-34.0M | ||
| Q2 24 | $14.9M | — | ||
| Q1 24 | $14.6M | — |
总资产BRCCIPST
| Q4 25 | $209.2M | $108.8M | ||
| Q3 25 | $222.4M | $482.8M | ||
| Q2 25 | $225.3M | $26.5M | ||
| Q1 25 | $222.9M | $27.1M | ||
| Q4 24 | $227.4M | — | ||
| Q3 24 | $233.7M | $31.1M | ||
| Q2 24 | $229.9M | — | ||
| Q1 24 | $227.2M | — |
负债/权益比BRCCIPST
| Q4 25 | 0.76× | 0.03× | ||
| Q3 25 | 0.73× | 0.01× | ||
| 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 | $-7.5M |
| 自由现金流经营现金流 - 资本支出 | $-9.4M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 资本支出强度资本支出/营收 | 0.6% | 0.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-13.5M | — |
8季度趋势，按日历期对齐
经营现金流BRCCIPST
| Q4 25 | $-8.7M | $-7.5M | ||
| Q3 25 | $6.4M | $-4.3M | ||
| Q2 25 | $-3.3M | $-1.5M | ||
| Q1 25 | $-4.1M | $-2.0M | ||
| Q4 24 | $2.2M | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $2.3M | — | ||
| Q1 24 | $4.9M | — |
自由现金流BRCCIPST
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $5.6M | $-4.3M | ||
| Q2 25 | $-4.3M | $-1.5M | ||
| Q1 25 | $-5.3M | $-2.0M | ||
| Q4 24 | $504.0K | — | ||
| Q3 24 | $-205.0K | — | ||
| Q2 24 | $147.0K | — | ||
| Q1 24 | $2.2M | — |
自由现金流率BRCCIPST
| Q4 25 | -8.3% | — | ||
| Q3 25 | 5.5% | -144.7% | ||
| Q2 25 | -4.5% | -115.3% | ||
| Q1 25 | -5.9% | -187.6% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 2.2% | — |
资本支出强度BRCCIPST
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 0.8% | 1.5% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 2.8% | — |
现金转化率BRCCIPST
| Q4 25 | — | — | ||
| Q3 25 | — | -0.02× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | — |
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% |
IPST
| Direct To Consumer | $3.0M | 63% |
| Wholesale | $1.2M | 26% |
| Other | $517.7K | 11% |
