BRC Inc. (BRCC) vs Once Upon a Farm, PBC (OFRM)

BRC Inc. and Once Upon a Farm, PBC are both Packaged Foods companies. Once Upon a Farm, PBC is the larger, with a market value of $384.2M against $244.5M — 1.6× the size. BRC Inc. has negative trailing earnings, so its P/E is not meaningful; Once Upon a Farm, PBC trades at 9.7×. BRC Inc. has the higher net margin (−1.53% vs −2.58%) and the lower return on invested capital (−8.45% vs 42.8%). Across the 16 metrics below, Once Upon a Farm, PBC leads on 9 and BRC Inc. on 7.

Valuation

Metric BRCC OFRM Packaged Foods median
P/E n/m 9.72 12.84
P/S 0.27 1.37 0.67
P/B 1.73 2.50 1.58
Price to free cash flow 24.39 n/m 8.97
EV/EBITDA n/m 8.09 8.34
EV/Sales 0.32 1.26 0.97
Earnings yield (10.48%) 10.29% 2.16%
Free cash flow yield 4.10% (15.40%) 5.54%

Profitability

Metric BRCC OFRM Packaged Foods median
Gross margin 34.06% 52.74% 28.37%
Operating margin (2.78%) 14.98% 2.53%
Net margin (1.53%) (2.58%) 0.53%
Free cash flow margin 1.10% (21.16%) 2.31%
Return on equity (9.42%) 0.00% 0.00%
Return on assets (3.32%) (7.19%) 0.00%
Return on invested capital (8.45%) 42.78% 0.00%

Growth

Metric BRCC OFRM Packaged Foods median
Revenue growth (TTM) 11.66% — 3.59%
EPS growth (last fiscal year) (225.00%) 32.43% 4.57%
Revenue growth, 5-year CAGR 19.43% — 3.81%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BRCC OFRM Packaged Foods median
Debt to equity 0.47 0.00 0.18
Current ratio 1.59 4.01 1.84
Net debt to EBITDA (2.69) (12.65) 0.73

Dividend

Metric BRCC OFRM Packaged Foods median
Dividend yield — — 3.68%
Payout ratio — — 0.62

Size

Metric BRCC OFRM Packaged Foods median
Market cap 244.48m 384.22m 268.23m

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