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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $140.0M, roughly 1.2× Fat Brands, Inc). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -41.6%, a 61.7% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -2.3%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -6.1%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
AAMI vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $140.0M |
| Net Profit | $34.7M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | 33.3% | -12.4% |
| Net Margin | 20.2% | -41.6% |
| Revenue YoY | 2.6% | -2.3% |
| Net Profit YoY | -18.4% | -30.1% |
| EPS (diluted) | $0.97 | $-3.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $172.2M | — | ||
| Q3 25 | $144.2M | $140.0M | ||
| Q2 25 | $127.4M | $146.8M | ||
| Q1 25 | $119.9M | $142.0M | ||
| Q4 24 | $167.8M | $145.3M | ||
| Q3 24 | $123.1M | $143.4M | ||
| Q2 24 | $109.0M | $152.0M | ||
| Q1 24 | $105.7M | $152.0M |
| Q4 25 | $34.7M | — | ||
| Q3 25 | $15.1M | $-58.2M | ||
| Q2 25 | $10.1M | $-54.2M | ||
| Q1 25 | $20.1M | $-46.0M | ||
| Q4 24 | $42.5M | $-67.4M | ||
| Q3 24 | $16.9M | $-44.8M | ||
| Q2 24 | $11.0M | $-39.4M | ||
| Q1 24 | $14.6M | $-38.3M |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 18.4% | -12.4% | ||
| Q2 25 | 12.7% | -10.6% | ||
| Q1 25 | 26.6% | -6.0% | ||
| Q4 24 | 38.7% | -27.1% | ||
| Q3 24 | 21.9% | -6.2% | ||
| Q2 24 | 18.9% | -1.8% | ||
| Q1 24 | 21.7% | -0.9% |
| Q4 25 | 20.2% | — | ||
| Q3 25 | 10.5% | -41.6% | ||
| Q2 25 | 7.9% | -36.9% | ||
| Q1 25 | 16.8% | -32.4% | ||
| Q4 24 | 25.3% | -46.4% | ||
| Q3 24 | 13.7% | -31.2% | ||
| Q2 24 | 10.1% | -25.9% | ||
| Q1 24 | 13.8% | -25.2% |
| Q4 25 | $0.97 | — | ||
| Q3 25 | $0.42 | $-3.39 | ||
| Q2 25 | $0.28 | $-3.17 | ||
| Q1 25 | $0.54 | $-2.73 | ||
| Q4 24 | $1.11 | $-4.06 | ||
| Q3 24 | $0.45 | $-2.74 | ||
| Q2 24 | $0.29 | $-2.43 | ||
| Q1 24 | $0.37 | $-2.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $200.0M | $1.3B |
| Stockholders' EquityBook value | — | $-585.8M |
| Total Assets | $677.0M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $275.0M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | $-585.8M | ||
| Q2 25 | — | $-536.5M | ||
| Q1 25 | — | $-493.9M | ||
| Q4 24 | — | $-455.7M | ||
| Q3 24 | — | $-386.1M | ||
| Q2 24 | — | $-338.6M | ||
| Q1 24 | — | $-296.8M |
| Q4 25 | $677.0M | — | ||
| Q3 25 | $751.4M | $1.2B | ||
| Q2 25 | $672.3M | $1.2B | ||
| Q1 25 | $677.3M | $1.3B | ||
| Q4 24 | $703.2M | $1.3B | ||
| Q3 24 | $555.2M | $1.3B | ||
| Q2 24 | $533.1M | $1.4B | ||
| Q1 24 | $544.9M | $1.4B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $-14.5M |
| Free Cash FlowOCF − Capex | — | $-16.9M |
| FCF MarginFCF / Revenue | — | -12.1% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | -0.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | — | ||
| Q3 25 | $-23.9M | $-14.5M | ||
| Q2 25 | $61.6M | $-26.9M | ||
| Q1 25 | $-48.8M | $-13.2M | ||
| Q4 24 | $55.8M | $-10.4M | ||
| Q3 24 | $69.6M | $-3.2M | ||
| Q2 24 | $45.7M | $-14.2M | ||
| Q1 24 | $-40.4M | $-28.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-16.9M | ||
| Q2 25 | — | $-29.3M | ||
| Q1 25 | — | $-17.8M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | — | $-11.1M | ||
| Q2 24 | — | $-24.4M | ||
| Q1 24 | — | $-32.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -12.1% | ||
| Q2 25 | — | -20.0% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | — | -7.6% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -16.1% | ||
| Q1 24 | — | -21.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | -0.07× | — | ||
| Q3 25 | -1.58× | — | ||
| Q2 25 | 6.10× | — | ||
| Q1 25 | -2.43× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 4.12× | — | ||
| Q2 24 | 4.15× | — | ||
| Q1 24 | -2.77× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAMI
Segment breakdown not available.
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
