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BRC Inc.（BRCC）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是BRC Inc.的3.0倍（$339.5M vs $112.7M）。BRC Inc.净利率更高（-2.8% vs -6.6%，领先3.8%）。Westrock Coffee Co同比增速更快（48.3% vs 6.5%）。Westrock Coffee Co自由现金流更多（$27.8M vs $-9.4M）。过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
BRCC vs WEST — 直观对比
营收规模更大
WEST
是对方的3.0倍
$112.7M
营收增速更快
WEST
高出41.8%
6.5%
净利率更高
BRCC
高出3.8%
-6.6%
自由现金流更多
WEST
多$37.2M
$-9.4M
两年增速更快
WEST
近两年复合增速
7.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $112.7M | $339.5M |
| 净利润 | $-3.2M | $-22.6M |
| 毛利率 | 32.1% | 11.5% |
| 营业利润率 | -6.3% | -2.6% |
| 净利率 | -2.8% | -6.6% |
| 营收同比 | 6.5% | 48.3% |
| 净利润同比 | -29.3% | 8.3% |
| 每股收益（稀释后） | $-0.02 | $-0.22 |
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BRCCWEST
| Q4 25 | $112.7M | $339.5M | ||
| Q3 25 | $100.7M | $354.8M | ||
| Q2 25 | $94.8M | $280.9M | ||
| Q1 25 | $90.0M | $213.8M | ||
| Q4 24 | $105.9M | $229.0M | ||
| Q3 24 | $98.2M | $220.9M | ||
| Q2 24 | $89.0M | $208.4M | ||
| Q1 24 | $98.4M | $192.5M |
净利润BRCCWEST
| Q4 25 | $-3.2M | $-22.6M | ||
| Q3 25 | $-486.0K | $-19.1M | ||
| Q2 25 | $-5.3M | $-21.6M | ||
| Q1 25 | $-2.9M | $-27.2M | ||
| Q4 24 | $-2.5M | $-24.6M | ||
| Q3 24 | $-535.0K | $-14.3M | ||
| Q2 24 | $-482.0K | $-17.8M | ||
| Q1 24 | $548.0K | $-23.7M |
毛利率BRCCWEST
| Q4 25 | 32.1% | 11.5% | ||
| Q3 25 | 36.9% | 11.7% | ||
| Q2 25 | 33.9% | 14.7% | ||
| Q1 25 | 36.1% | 13.6% | ||
| Q4 24 | 38.1% | 16.6% | ||
| Q3 24 | 42.1% | 16.8% | ||
| Q2 24 | 41.9% | 19.9% | ||
| Q1 24 | 42.9% | 19.4% |
营业利润率BRCCWEST
| Q4 25 | -6.3% | -2.6% | ||
| Q3 25 | 0.5% | -2.4% | ||
| Q2 25 | -13.3% | -5.3% | ||
| Q1 25 | -6.0% | -6.1% | ||
| Q4 24 | -2.1% | -4.3% | ||
| Q3 24 | 1.1% | -5.8% | ||
| Q2 24 | 1.1% | -7.9% | ||
| Q1 24 | 4.0% | -5.3% |
净利率BRCCWEST
| Q4 25 | -2.8% | -6.6% | ||
| Q3 25 | -0.5% | -5.4% | ||
| Q2 25 | -5.6% | -7.7% | ||
| Q1 25 | -3.2% | -12.7% | ||
| Q4 24 | -2.3% | -10.7% | ||
| Q3 24 | -0.5% | -6.5% | ||
| Q2 24 | -0.5% | -8.5% | ||
| Q1 24 | 0.6% | -12.3% |
每股收益（稀释后）BRCCWEST
| Q4 25 | $-0.02 | $-0.22 | ||
| Q3 25 | $0.00 | $-0.20 | ||
| Q2 25 | $-0.07 | $-0.23 | ||
| Q1 25 | $-0.04 | $-0.29 | ||
| Q4 24 | $-0.03 | $-0.26 | ||
| Q3 24 | $-0.01 | $-0.16 | ||
| Q2 24 | $-0.01 | $-0.20 | ||
| Q1 24 | $0.01 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $34.7M | $444.1M |
| 股东权益账面价值 | $45.7M | $-1.9M |
| 总资产 | $209.2M | $1.2B |
| 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BRCCWEST
| Q4 25 | $4.3M | $49.9M | ||
| Q3 25 | $9.5M | $34.0M | ||
| Q2 25 | $4.3M | $44.0M | ||
| Q1 25 | $3.9M | $33.1M | ||
| Q4 24 | $6.8M | $26.2M | ||
| Q3 24 | $7.3M | $22.4M | ||
| Q2 24 | $9.6M | $24.3M | ||
| Q1 24 | $4.0M | $12.6M |
总债务BRCCWEST
| Q4 25 | $34.7M | $444.1M | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | $393.1M | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — | ||
| Q1 24 | $61.5M | — |
股东权益BRCCWEST
| Q4 25 | $45.7M | $-1.9M | ||
| Q3 25 | $48.0M | $11.4M | ||
| Q2 25 | $10.1M | $18.2M | ||
| Q1 25 | $11.2M | $71.4M | ||
| Q4 24 | $13.2M | $97.5M | ||
| Q3 24 | $14.5M | $110.3M | ||
| Q2 24 | $14.9M | $81.5M | ||
| Q1 24 | $14.6M | $91.7M |
总资产BRCCWEST
| Q4 25 | $209.2M | $1.2B | ||
| Q3 25 | $222.4M | $1.2B | ||
| Q2 25 | $225.3M | $1.2B | ||
| Q1 25 | $222.9M | $1.1B | ||
| Q4 24 | $227.4M | $1.1B | ||
| Q3 24 | $233.7M | $1.1B | ||
| Q2 24 | $229.9M | $1.1B | ||
| Q1 24 | $227.2M | $983.3M |
负债/权益比BRCCWEST
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $-9.4M | $27.8M |
| 自由现金流率自由现金流/营收 | -8.3% | 8.2% |
| 资本支出强度资本支出/营收 | 0.6% | 2.6% |
| 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 | $-107.8M |
8季度趋势，按日历期对齐
经营现金流BRCCWEST
| Q4 25 | $-8.7M | $36.7M | ||
| Q3 25 | $6.4M | $-26.6M | ||
| Q2 25 | $-3.3M | $-7.0M | ||
| Q1 25 | $-4.1M | $-22.1M | ||
| Q4 24 | $2.2M | $2.8M | ||
| Q3 24 | $1.9M | $-332.0K | ||
| Q2 24 | $2.3M | $-23.7M | ||
| Q1 24 | $4.9M | $8.0M |
自由现金流BRCCWEST
| Q4 25 | $-9.4M | $27.8M | ||
| Q3 25 | $5.6M | $-44.7M | ||
| Q2 25 | $-4.3M | $-27.5M | ||
| Q1 25 | $-5.3M | $-63.4M | ||
| Q4 24 | $504.0K | $-15.4M | ||
| Q3 24 | $-205.0K | $-36.7M | ||
| Q2 24 | $147.0K | $-59.9M | ||
| Q1 24 | $2.2M | $-60.9M |
自由现金流率BRCCWEST
| Q4 25 | -8.3% | 8.2% | ||
| Q3 25 | 5.5% | -12.6% | ||
| Q2 25 | -4.5% | -9.8% | ||
| Q1 25 | -5.9% | -29.7% | ||
| Q4 24 | 0.5% | -6.7% | ||
| Q3 24 | -0.2% | -16.6% | ||
| Q2 24 | 0.2% | -28.7% | ||
| Q1 24 | 2.2% | -31.7% |
资本支出强度BRCCWEST
| Q4 25 | 0.6% | 2.6% | ||
| Q3 25 | 0.8% | 5.1% | ||
| Q2 25 | 1.0% | 7.3% | ||
| Q1 25 | 1.3% | 19.3% | ||
| Q4 24 | 1.6% | 7.9% | ||
| Q3 24 | 2.2% | 16.5% | ||
| Q2 24 | 2.4% | 17.4% | ||
| Q1 24 | 2.8% | 35.8% |
现金转化率BRCCWEST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
