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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $107.5M, roughly 1.3× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs -2.3%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -6.1%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
AGM vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $140.0M |
| Net Profit | — | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | 56.3% | -12.4% |
| Net Margin | — | -41.6% |
| Revenue YoY | 6.1% | -2.3% |
| Net Profit YoY | — | -30.1% |
| EPS (diluted) | $3.69 | $-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 | $107.5M | — | ||
| Q3 25 | $104.0M | $140.0M | ||
| Q2 25 | $102.6M | $146.8M | ||
| Q1 25 | $94.3M | $142.0M | ||
| Q4 24 | $101.3M | $145.3M | ||
| Q3 24 | $90.3M | $143.4M | ||
| Q2 24 | $89.9M | $152.0M | ||
| Q1 24 | $93.7M | $152.0M |
| Q4 25 | — | — | ||
| Q3 25 | $55.0M | $-58.2M | ||
| Q2 25 | $54.8M | $-54.2M | ||
| Q1 25 | $49.7M | $-46.0M | ||
| Q4 24 | $56.5M | $-67.4M | ||
| Q3 24 | $49.8M | $-44.8M | ||
| Q2 24 | $47.1M | $-39.4M | ||
| Q1 24 | $53.7M | $-38.3M |
| Q4 25 | 56.3% | — | ||
| Q3 25 | 64.1% | -12.4% | ||
| Q2 25 | 63.8% | -10.6% | ||
| Q1 25 | 66.9% | -6.0% | ||
| Q4 24 | 67.5% | -27.1% | ||
| Q3 24 | 69.0% | -6.2% | ||
| Q2 24 | 65.9% | -1.8% | ||
| Q1 24 | 72.8% | -0.9% |
| Q4 25 | — | — | ||
| Q3 25 | 52.9% | -41.6% | ||
| Q2 25 | 53.4% | -36.9% | ||
| Q1 25 | 52.6% | -32.4% | ||
| Q4 24 | 55.8% | -46.4% | ||
| Q3 24 | 55.2% | -31.2% | ||
| Q2 24 | 52.4% | -25.9% | ||
| Q1 24 | 57.4% | -25.2% |
| Q4 25 | $3.69 | — | ||
| Q3 25 | $4.44 | $-3.39 | ||
| Q2 25 | $4.48 | $-3.17 | ||
| Q1 25 | $4.01 | $-2.73 | ||
| Q4 24 | $4.62 | $-4.06 | ||
| Q3 24 | $3.86 | $-2.74 | ||
| Q2 24 | $3.68 | $-2.43 | ||
| Q1 24 | $4.28 | $-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 | $30.8B | $1.3B |
| Stockholders' EquityBook value | $1.7B | $-585.8M |
| Total Assets | $35.4B | $1.2B |
| Debt / EquityLower = less leverage | 17.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $842.1M | — | ||
| Q2 24 | $923.0M | — | ||
| Q1 24 | $745.1M | — |
| Q4 25 | $30.8B | — | ||
| Q3 25 | $29.2B | $1.3B | ||
| Q2 25 | $28.9B | $1.3B | ||
| Q1 25 | $28.0B | $1.3B | ||
| Q4 24 | $27.5B | $1.3B | ||
| Q3 24 | $27.2B | $1.2B | ||
| Q2 24 | $26.8B | $1.2B | ||
| Q1 24 | $26.8B | $1.2B |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $-585.8M | ||
| Q2 25 | $1.5B | $-536.5M | ||
| Q1 25 | $1.5B | $-493.9M | ||
| Q4 24 | $1.5B | $-455.7M | ||
| Q3 24 | $1.5B | $-386.1M | ||
| Q2 24 | $1.5B | $-338.6M | ||
| Q1 24 | $1.5B | $-296.8M |
| Q4 25 | $35.4B | — | ||
| Q3 25 | $33.4B | $1.2B | ||
| Q2 25 | $33.0B | $1.2B | ||
| Q1 25 | $31.8B | $1.3B | ||
| Q4 24 | $31.3B | $1.3B | ||
| Q3 24 | $30.6B | $1.3B | ||
| Q2 24 | $30.2B | $1.4B | ||
| Q1 24 | $29.8B | $1.4B |
| Q4 25 | 17.93× | — | ||
| Q3 25 | 17.31× | — | ||
| Q2 25 | 18.70× | — | ||
| Q1 25 | 18.39× | — | ||
| Q4 24 | 18.48× | — | ||
| Q3 24 | 18.60× | — | ||
| Q2 24 | 17.87× | — | ||
| Q1 24 | 18.11× | — |
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 | $80.1M | $-14.5M |
| Free Cash FlowOCF − Capex | — | $-16.9M |
| FCF MarginFCF / Revenue | — | -12.1% |
| Capex IntensityCapex / Revenue | 0.0% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | — | ||
| Q3 25 | $74.2M | $-14.5M | ||
| Q2 25 | $-47.7M | $-26.9M | ||
| Q1 25 | $-49.8M | $-13.2M | ||
| Q4 24 | $612.6M | $-10.4M | ||
| Q3 24 | $-44.4M | $-3.2M | ||
| Q2 24 | $56.1M | $-14.2M | ||
| Q1 24 | $233.3M | $-28.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-16.9M | ||
| Q2 25 | — | $-29.3M | ||
| Q1 25 | — | $-17.8M | ||
| Q4 24 | $607.4M | $-11.0M | ||
| Q3 24 | $-44.4M | $-11.1M | ||
| Q2 24 | $52.6M | $-24.4M | ||
| Q1 24 | $231.7M | $-32.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -12.1% | ||
| Q2 25 | — | -20.0% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | 599.8% | -7.6% | ||
| Q3 24 | -49.2% | -7.7% | ||
| Q2 24 | 58.5% | -16.1% | ||
| Q1 24 | 247.3% | -21.4% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 1.7% | ||
| Q2 25 | 0.0% | 1.6% | ||
| Q1 25 | 0.0% | 3.2% | ||
| Q4 24 | 5.2% | 0.4% | ||
| Q3 24 | 0.1% | 5.5% | ||
| Q2 24 | 4.0% | 6.7% | ||
| Q1 24 | 1.7% | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | — | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 4.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
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% |
