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Side-by-side financial comparison of Autohome Inc. (ATHM) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.

Autohome Inc. is the larger business by last-quarter revenue ($249.8M vs $140.0M, roughly 1.8× Fat Brands, Inc). Autohome Inc. runs the higher net margin — 23.8% vs -41.6%, a 65.4% gap on every dollar of revenue. Over the past eight quarters, Autohome Inc.'s revenue compounded faster (-0.6% CAGR vs -6.1%).

Autohome Inc. is a leading online destination for automobile consumers in China. Through its websites and mobile apps, it provides professionally produced content, user-generated content, comprehensive vehicle listings, and a suite of services for dealers, automakers, and car buyers, including new and used car listings, financing, insurance, and online transactions.

FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.

ATHM vs FAT — Head-to-Head

Bigger by revenue
ATHM
ATHM
1.8× larger
ATHM
$249.8M
$140.0M
FAT
Higher net margin
ATHM
ATHM
65.4% more per $
ATHM
23.8%
-41.6%
FAT
Faster 2-yr revenue CAGR
ATHM
ATHM
Annualised
ATHM
-0.6%
-6.1%
FAT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ATHM
ATHM
FAT
FAT
Revenue
$249.8M
$140.0M
Net Profit
$59.4M
$-58.2M
Gross Margin
63.7%
Operating Margin
8.3%
-12.4%
Net Margin
23.8%
-41.6%
Revenue YoY
-2.3%
Net Profit YoY
-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.

Revenue
ATHM
ATHM
FAT
FAT
Q3 25
$249.8M
$140.0M
Q2 25
$245.4M
$146.8M
Q1 25
$244.3M
$142.0M
Q4 24
$145.3M
Q3 24
$252.9M
$143.4M
Q2 24
$257.7M
$152.0M
Q1 24
$222.9M
$152.0M
Q4 23
$158.6M
Net Profit
ATHM
ATHM
FAT
FAT
Q3 25
$59.4M
$-58.2M
Q2 25
$56.0M
$-54.2M
Q1 25
$-46.0M
Q4 24
$-67.4M
Q3 24
$61.0M
$-44.8M
Q2 24
$69.3M
$-39.4M
Q1 24
$52.4M
$-38.3M
Q4 23
$-26.2M
Gross Margin
ATHM
ATHM
FAT
FAT
Q3 25
63.7%
Q2 25
71.4%
Q1 25
Q4 24
Q3 24
77.0%
Q2 24
81.5%
Q1 24
81.3%
Q4 23
Operating Margin
ATHM
ATHM
FAT
FAT
Q3 25
8.3%
-12.4%
Q2 25
16.9%
-10.6%
Q1 25
13.0%
-6.0%
Q4 24
-27.1%
Q3 24
4.7%
-6.2%
Q2 24
22.0%
-1.8%
Q1 24
17.2%
-0.9%
Q4 23
-2.0%
Net Margin
ATHM
ATHM
FAT
FAT
Q3 25
23.8%
-41.6%
Q2 25
22.8%
-36.9%
Q1 25
-32.4%
Q4 24
-46.4%
Q3 24
24.1%
-31.2%
Q2 24
26.9%
-25.9%
Q1 24
23.5%
-25.2%
Q4 23
-16.5%
EPS (diluted)
ATHM
ATHM
FAT
FAT
Q3 25
$-3.39
Q2 25
$-3.17
Q1 25
$-2.73
Q4 24
$-4.06
Q3 24
$-2.74
Q2 24
$-2.43
Q1 24
$-2.37
Q4 23
$-1.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHM
ATHM
FAT
FAT
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$-585.8M
Total Assets
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
ATHM
ATHM
FAT
FAT
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Q4 23
$1.2B
Stockholders' Equity
ATHM
ATHM
FAT
FAT
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 23
$-255.9M
Total Assets
ATHM
ATHM
FAT
FAT
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Q1 24
$1.4B
Q4 23
$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
ATHM
ATHM
FAT
FAT
Operating Cash FlowLast quarter
$-14.5M
Free Cash FlowOCF − Capex
$-16.9M
FCF MarginFCF / Revenue
-12.1%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-75.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHM
ATHM
FAT
FAT
Q3 25
$-14.5M
Q2 25
$-26.9M
Q1 25
$-13.2M
Q4 24
$-10.4M
Q3 24
$-3.2M
Q2 24
$-14.2M
Q1 24
$-28.4M
Q4 23
$-12.6M
Free Cash Flow
ATHM
ATHM
FAT
FAT
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 23
$-18.0M
FCF Margin
ATHM
ATHM
FAT
FAT
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 23
-11.4%
Capex Intensity
ATHM
ATHM
FAT
FAT
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 23
3.4%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATHM
ATHM

Online marketplace and others$114.7M46%
Leads generation services$93.2M37%
Media services$41.9M17%

FAT
FAT

Restaurant Sales$96.6M69%
Royalty$21.6M15%
Factory$9.6M7%
Advertising$9.1M7%
Franchisor$1.5M1%
Other$1.5M1%

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