vs
BRC Inc.（BRCC）与奥驰亚（MO）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是BRC Inc.的51.9倍（$5.8B vs $112.7M）。奥驰亚净利率更高（19.1% vs -2.8%，领先22.0%）。BRC Inc.同比增速更快（6.5% vs -2.1%）。奥驰亚自由现金流更多（$3.2B vs $-9.4M）。过去两年BRC Inc.的营收复合增速更高（7.0% vs 2.4%）
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。
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
BRCC vs MO — 直观对比
营收规模更大
MO
是对方的51.9倍
$112.7M
营收增速更快
BRCC
高出8.6%
-2.1%
净利率更高
MO
高出22.0%
-2.8%
自由现金流更多
MO
多$3.2B
$-9.4M
两年增速更快
BRCC
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $112.7M | $5.8B |
| 净利润 | $-3.2M | $1.1B |
| 毛利率 | 32.1% | 62.1% |
| 营业利润率 | -6.3% | 28.2% |
| 净利率 | -2.8% | 19.1% |
| 营收同比 | 6.5% | -2.1% |
| 净利润同比 | -29.3% | -63.2% |
| 每股收益（稀释后） | $-0.02 | $0.67 |
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BRCCMO
| Q4 25 | $112.7M | $5.8B | ||
| Q3 25 | $100.7M | $6.1B | ||
| Q2 25 | $94.8M | $6.1B | ||
| Q1 25 | $90.0M | $5.3B | ||
| Q4 24 | $105.9M | $6.0B | ||
| Q3 24 | $98.2M | $6.3B | ||
| Q2 24 | $89.0M | $6.2B | ||
| Q1 24 | $98.4M | $5.6B |
净利润BRCCMO
| Q4 25 | $-3.2M | $1.1B | ||
| Q3 25 | $-486.0K | $2.4B | ||
| Q2 25 | $-5.3M | $2.4B | ||
| Q1 25 | $-2.9M | $1.1B | ||
| Q4 24 | $-2.5M | $3.0B | ||
| Q3 24 | $-535.0K | $2.3B | ||
| Q2 24 | $-482.0K | $3.8B | ||
| Q1 24 | $548.0K | $2.1B |
毛利率BRCCMO
| Q4 25 | 32.1% | 62.1% | ||
| Q3 25 | 36.9% | 62.8% | ||
| Q2 25 | 33.9% | 63.1% | ||
| Q1 25 | 36.1% | 61.8% | ||
| Q4 24 | 38.1% | 60.3% | ||
| Q3 24 | 42.1% | 60.8% | ||
| Q2 24 | 41.9% | 59.2% | ||
| Q1 24 | 42.9% | 58.8% |
营业利润率BRCCMO
| Q4 25 | -6.3% | 28.2% | ||
| Q3 25 | 0.5% | 53.2% | ||
| Q2 25 | -13.3% | 52.9% | ||
| Q1 25 | -6.0% | 34.0% | ||
| Q4 24 | -2.1% | 48.2% | ||
| Q3 24 | 1.1% | 50.4% | ||
| Q2 24 | 1.1% | 40.8% | ||
| Q1 24 | 4.0% | 48.0% |
净利率BRCCMO
| Q4 25 | -2.8% | 19.1% | ||
| Q3 25 | -0.5% | 39.1% | ||
| Q2 25 | -5.6% | 39.0% | ||
| Q1 25 | -3.2% | 20.5% | ||
| Q4 24 | -2.3% | 50.9% | ||
| Q3 24 | -0.5% | 36.6% | ||
| Q2 24 | -0.5% | 61.2% | ||
| Q1 24 | 0.6% | 38.2% |
每股收益（稀释后）BRCCMO
| Q4 25 | $-0.02 | $0.67 | ||
| Q3 25 | $0.00 | $1.41 | ||
| Q2 25 | $-0.07 | $1.41 | ||
| Q1 25 | $-0.04 | $0.63 | ||
| Q4 24 | $-0.03 | $1.78 | ||
| Q3 24 | $-0.01 | $1.34 | ||
| Q2 24 | $-0.01 | $2.21 | ||
| Q1 24 | $0.01 | $1.21 |
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 | $4.5B |
| 总债务越低越好 | $34.7M | $25.7B |
| 股东权益账面价值 | $45.7M | $-3.5B |
| 总资产 | $209.2M | $35.0B |
| 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BRCCMO
| Q4 25 | $4.3M | $4.5B | ||
| Q3 25 | $9.5M | $3.5B | ||
| Q2 25 | $4.3M | $1.3B | ||
| Q1 25 | $3.9M | $4.7B | ||
| Q4 24 | $6.8M | $3.1B | ||
| Q3 24 | $7.3M | $1.9B | ||
| Q2 24 | $9.6M | $1.8B | ||
| Q1 24 | $4.0M | $3.6B |
总债务BRCCMO
| Q4 25 | $34.7M | $25.7B | ||
| Q3 25 | $35.0M | $25.7B | ||
| Q2 25 | $72.7M | $24.7B | ||
| Q1 25 | $68.8M | $26.1B | ||
| Q4 24 | $65.1M | $24.9B | ||
| Q3 24 | $64.9M | $25.2B | ||
| Q2 24 | $66.5M | $25.0B | ||
| Q1 24 | $61.5M | $25.0B |
股东权益BRCCMO
| Q4 25 | $45.7M | $-3.5B | ||
| Q3 25 | $48.0M | $-2.6B | ||
| Q2 25 | $10.1M | $-3.3B | ||
| Q1 25 | $11.2M | $-3.5B | ||
| Q4 24 | $13.2M | $-2.2B | ||
| Q3 24 | $14.5M | $-3.5B | ||
| Q2 24 | $14.9M | $-3.0B | ||
| Q1 24 | $14.6M | $-5.1B |
总资产BRCCMO
| Q4 25 | $209.2M | $35.0B | ||
| Q3 25 | $222.4M | $35.0B | ||
| Q2 25 | $225.3M | $32.3B | ||
| Q1 25 | $222.9M | $35.8B | ||
| Q4 24 | $227.4M | $35.2B | ||
| Q3 24 | $233.7M | $34.2B | ||
| Q2 24 | $229.9M | $34.4B | ||
| Q1 24 | $227.2M | $36.5B |
负债/权益比BRCCMO
| 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 | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $-9.4M | $3.2B |
| 自由现金流率自由现金流/营收 | -8.3% | 54.4% |
| 资本支出强度资本支出/营收 | 0.6% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.93× |
| 过去12个月自由现金流最近4个季度 | $-13.5M | $9.1B |
8季度趋势，按日历期对齐
经营现金流BRCCMO
| Q4 25 | $-8.7M | $3.3B | ||
| Q3 25 | $6.4M | $3.1B | ||
| Q2 25 | $-3.3M | $205.0M | ||
| Q1 25 | $-4.1M | $2.7B | ||
| Q4 24 | $2.2M | $3.3B | ||
| Q3 24 | $1.9M | $2.6B | ||
| Q2 24 | $2.3M | $-75.0M | ||
| Q1 24 | $4.9M | $2.9B |
自由现金流BRCCMO
| Q4 25 | $-9.4M | $3.2B | ||
| Q3 25 | $5.6M | $3.0B | ||
| Q2 25 | $-4.3M | $173.0M | ||
| Q1 25 | $-5.3M | $2.7B | ||
| Q4 24 | $504.0K | $3.3B | ||
| Q3 24 | $-205.0K | $2.6B | ||
| Q2 24 | $147.0K | $-104.0M | ||
| Q1 24 | $2.2M | $2.8B |
自由现金流率BRCCMO
| Q4 25 | -8.3% | 54.4% | ||
| Q3 25 | 5.5% | 50.1% | ||
| Q2 25 | -4.5% | 2.8% | ||
| Q1 25 | -5.9% | 51.0% | ||
| Q4 24 | 0.5% | 55.1% | ||
| Q3 24 | -0.2% | 41.2% | ||
| Q2 24 | 0.2% | -1.7% | ||
| Q1 24 | 2.2% | 51.0% |
资本支出强度BRCCMO
| Q4 25 | 0.6% | 1.6% | ||
| Q3 25 | 0.8% | 0.9% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.6% | 0.8% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 2.4% | 0.5% | ||
| Q1 24 | 2.8% | 0.6% |
现金转化率BRCCMO
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | -0.02× | ||
| Q1 24 | 8.97× | 1.35× |
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% |
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
