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Black Rock Coffee Bar vs Cannae: revenue, profit, margins and growth compared

Black Rock Coffee Bar brought in $200.3M of revenue in fiscal 2025, Cannae $423.6M in fiscal 2025. Revenue changed by +24.5% at Black Rock Coffee Bar and -6.4% at Cannae on the year before, so Black Rock Coffee Bar grew faster. Black Rock Coffee Bar kept -0.0% of its revenue as net profit, Cannae -121.2%. Free cash flow was -$32.7M at Black Rock Coffee Bar and -$28.5M at Cannae.

Side by side, latest fiscal year

BRCBCNNE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$200.3M$423.6M
Revenue growth+24.5%-6.4%
Net income-$60K-$513.2M
Net margin-0.0%-121.2%
Free cash flow-$32.7M-$28.5M
Free cash flow margin-16.3%-6.7%
Earnings per share (diluted)$0.00-$9.08
Cash$28.4M$182M
Debt$27.9M$70.8M
Price to earningsn/an/a
Market value$360M$682.7M
Dividend yieldn/an/a
Rank by revenue in sector#654 of 778 · Consumer discretionary#582 of 778 · Consumer discretionary

Over the years

Revenue
BRCB FY2023: $133.2MBRCB FY2025: $160.9MBRCB FY2025: $200.3MCNNE FY2018: $1.3BCNNE FY2019: $1.4BCNNE FY2020: $3BCNNE FY2021: $742.2MCNNE FY2022: $662.1MCNNE FY2023: $570MCNNE FY2024: $452.5MCNNE FY2025: $423.6MFY18FY19FY20FY21FY22FY23FY24FY25
BRCB $200.3MCNNE $423.6M
Net income
BRCB FY2023: -$8.8MBRCB FY2025: -$7.2MBRCB FY2025: -$60KCNNE FY2018: $27.6MCNNE FY2019: $77.3MCNNE FY2020: $1.8BCNNE FY2021: -$287MCNNE FY2022: -$428.1MCNNE FY2023: -$313.4MCNNE FY2024: -$304.6MCNNE FY2025: -$513.2MFY18FY19FY20FY21FY22FY23FY24FY25
BRCB -$60KCNNE -$513.2M
Net margin
BRCB FY2023: -6.6%BRCB FY2025: -4.5%BRCB FY2025: -0.0%CNNE FY2018: 2.1%CNNE FY2019: 5.4%CNNE FY2020: 60.2%CNNE FY2021: -38.7%CNNE FY2022: -64.7%CNNE FY2023: -55.0%CNNE FY2024: -67.3%CNNE FY2025: -121.2%FY18FY19FY20FY21FY22FY23FY24FY25
BRCB -0.0%CNNE -121.2%
Revenue growth
BRCB FY2025: +20.8%BRCB FY2025: +24.5%CNNE FY2019: +9.3%CNNE FY2020: +105.4%CNNE FY2021: -75.0%CNNE FY2022: -10.8%CNNE FY2023: -13.9%CNNE FY2024: -20.6%CNNE FY2025: -6.4%FY19FY20FY21FY22FY23FY24FY25
BRCB +24.5%CNNE -6.4%
Free cash flow
BRCB FY2023: -$11MBRCB FY2025: -$8.9MBRCB FY2025: -$32.7MCNNE FY2018: -$38.5MCNNE FY2019: -$112.5MCNNE FY2020: -$136.2MCNNE FY2021: -$189.8MCNNE FY2022: -$219.4MCNNE FY2023: -$97.8MCNNE FY2024: -$97.1MCNNE FY2025: -$28.5MFY18FY19FY20FY21FY22FY23FY24FY25
BRCB -$32.7MCNNE -$28.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Black Rock Coffee Bar and Cannae

Which is bigger by revenue, Black Rock Coffee Bar or Cannae?

Cannae is bigger by revenue: $423.6M in fiscal 2025, against $200.3M for Black Rock Coffee Bar in fiscal 2025.

Which keeps more of its revenue as profit, Black Rock Coffee Bar or Cannae?

Black Rock Coffee Bar had a net margin of -0.0% in fiscal 2025; Cannae had -121.2% in fiscal 2025.

Which grew revenue faster, Black Rock Coffee Bar or Cannae?

In their latest fiscal years revenue changed by +24.5% at Black Rock Coffee Bar and -6.4% at Cannae.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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