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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) 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 $103.0M, roughly 1.4× ACADIA REALTY TRUST). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -41.6%, a 176.7% gap on every dollar of revenue. On growth, ACADIA REALTY TRUST posted the faster year-over-year revenue change (-1.3% vs -2.3%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs -6.1%).
Acadia Realty Trust is a publicly traded real estate investment trust (REIT) that specializes in owning, operating, and redeveloping high-quality retail and mixed-use properties, primarily in dense, high-barrier-to-entry U.S. markets. Its portfolio includes neighborhood shopping centers, urban street retail assets, and community-focused mixed-use developments.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
AKR vs FAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $140.0M |
| Net Profit | $139.1M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | 153.9% | -12.4% |
| Net Margin | 135.1% | -41.6% |
| Revenue YoY | -1.3% | -2.3% |
| Net Profit YoY | -58.2% | -30.1% |
| EPS (diluted) | — | $-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.
| Q1 26 | $103.0M | — | ||
| Q3 25 | — | $140.0M | ||
| Q2 25 | — | $146.8M | ||
| Q1 25 | — | $142.0M | ||
| Q4 24 | $93.3M | $145.3M | ||
| Q3 24 | $87.7M | $143.4M | ||
| Q2 24 | $87.3M | $152.0M | ||
| Q1 24 | $91.4M | $152.0M |
| Q1 26 | $139.1M | — | ||
| Q3 25 | — | $-58.2M | ||
| Q2 25 | — | $-54.2M | ||
| Q1 25 | — | $-46.0M | ||
| Q4 24 | $1.2M | $-67.4M | ||
| Q3 24 | $12.3M | $-44.8M | ||
| Q2 24 | $1.6M | $-39.4M | ||
| Q1 24 | $-6.9M | $-38.3M |
| Q1 26 | 153.9% | — | ||
| Q3 25 | — | -12.4% | ||
| Q2 25 | — | -10.6% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | 17.5% | -27.1% | ||
| Q3 24 | 19.9% | -6.2% | ||
| Q2 24 | 20.4% | -1.8% | ||
| Q1 24 | 15.3% | -0.9% |
| Q1 26 | 135.1% | — | ||
| Q3 25 | — | -41.6% | ||
| Q2 25 | — | -36.9% | ||
| Q1 25 | — | -32.4% | ||
| Q4 24 | 1.2% | -46.4% | ||
| Q3 24 | 14.0% | -31.2% | ||
| Q2 24 | 1.8% | -25.9% | ||
| Q1 24 | -7.5% | -25.2% |
| Q1 26 | — | — | ||
| Q3 25 | — | $-3.39 | ||
| Q2 25 | — | $-3.17 | ||
| Q1 25 | — | $-2.73 | ||
| Q4 24 | $0.08 | $-4.06 | ||
| Q3 24 | $0.07 | $-2.74 | ||
| Q2 24 | $0.01 | $-2.43 | ||
| Q1 24 | $0.03 | $-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 | $31.4M | — |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $2.6B | $-585.8M |
| Total Assets | $4.5B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $46.2M | — | ||
| Q2 24 | $31.9M | — | ||
| Q1 24 | $18.8M | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.7B | $1.2B |
| Q1 26 | $2.6B | — | ||
| Q3 25 | — | $-585.8M | ||
| Q2 25 | — | $-536.5M | ||
| Q1 25 | — | $-493.9M | ||
| Q4 24 | $2.1B | $-455.7M | ||
| Q3 24 | $1.9B | $-386.1M | ||
| Q2 24 | $1.8B | $-338.6M | ||
| Q1 24 | $1.8B | $-296.8M |
| Q1 26 | $4.5B | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $4.4B | $1.3B | ||
| Q3 24 | $4.3B | $1.3B | ||
| Q2 24 | $4.3B | $1.4B | ||
| Q1 24 | $4.3B | $1.4B |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 0.98× | — |
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 | — | $-14.5M |
| Free Cash FlowOCF − Capex | — | $-16.9M |
| FCF MarginFCF / Revenue | — | -12.1% |
| Capex IntensityCapex / Revenue | 1.7% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | — | $-14.5M | ||
| Q2 25 | — | $-26.9M | ||
| Q1 25 | — | $-13.2M | ||
| Q4 24 | $140.4M | $-10.4M | ||
| Q3 24 | $44.6M | $-3.2M | ||
| Q2 24 | $32.0M | $-14.2M | ||
| Q1 24 | $26.0M | $-28.4M |
| Q1 26 | — | — | ||
| 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 |
| Q1 26 | — | — | ||
| 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% |
| Q1 26 | 1.7% | — | ||
| 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% |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 20.25× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
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% |
