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Side-by-side financial comparison of FLANIGANS ENTERPRISES INC (BDL) and BT Brands, Inc. (BTBD). Click either name above to swap in a different company.

FLANIGANS ENTERPRISES INC is the larger business by last-quarter revenue ($52.6M vs $3.9M, roughly 13.6× BT Brands, Inc.). BT Brands, Inc. runs the higher net margin — 23.7% vs 1.5%, a 22.2% gap on every dollar of revenue. On growth, FLANIGANS ENTERPRISES INC posted the faster year-over-year revenue change (4.6% vs -11.4%). FLANIGANS ENTERPRISES INC produced more free cash flow last quarter ($4.5M vs $261.8K). Over the past eight quarters, FLANIGANS ENTERPRISES INC's revenue compounded faster (4.6% CAGR vs -1.8%).

Flanigans Enterprises Inc. is a U.S.-based hospitality company focused on the Florida market. It operates a chain of casual dining restaurants under the Flanigan's Seafood Bar and Grill brand, plus retail package liquor stores. Its key customer segments include local residents and regional tourists, offering affordably priced seafood, American comfort food and assorted beverages.

BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.

BDL vs BTBD — Head-to-Head

Bigger by revenue
BDL
BDL
13.6× larger
BDL
$52.6M
$3.9M
BTBD
Growing faster (revenue YoY)
BDL
BDL
+16.0% gap
BDL
4.6%
-11.4%
BTBD
Higher net margin
BTBD
BTBD
22.2% more per $
BTBD
23.7%
1.5%
BDL
More free cash flow
BDL
BDL
$4.2M more FCF
BDL
$4.5M
$261.8K
BTBD
Faster 2-yr revenue CAGR
BDL
BDL
Annualised
BDL
4.6%
-1.8%
BTBD

Income Statement — Q1 2026 vs Q3 2025

Metric
BDL
BDL
BTBD
BTBD
Revenue
$52.6M
$3.9M
Net Profit
$805.0K
$915.0K
Gross Margin
Operating Margin
3.2%
19.1%
Net Margin
1.5%
23.7%
Revenue YoY
4.6%
-11.4%
Net Profit YoY
1363.6%
516.9%
EPS (diluted)
$0.43
$0.15

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
BDL
BDL
BTBD
BTBD
Q4 25
$52.6M
Q3 25
$50.0M
$3.9M
Q2 25
$51.9M
$3.8M
Q1 25
$53.4M
$3.2M
Q4 24
$50.0M
Q3 24
$45.4M
$4.3M
Q2 24
$48.8M
$4.1M
Q1 24
$48.1M
$3.2M
Net Profit
BDL
BDL
BTBD
BTBD
Q4 25
$805.0K
Q3 25
$896.0K
$915.0K
Q2 25
$1.4M
$55.0K
Q1 25
$2.7M
$-329.8K
Q4 24
$55.0K
Q3 24
$184.0K
$-219.5K
Q2 24
$1.1M
$-70.0K
Q1 24
$1.9M
$-445.7K
Operating Margin
BDL
BDL
BTBD
BTBD
Q4 25
3.2%
Q3 25
3.3%
19.1%
Q2 25
5.5%
-2.0%
Q1 25
6.6%
-9.0%
Q4 24
1.5%
Q3 24
0.7%
-1.7%
Q2 24
4.4%
-4.6%
Q1 24
5.6%
-19.8%
Net Margin
BDL
BDL
BTBD
BTBD
Q4 25
1.5%
Q3 25
1.8%
23.7%
Q2 25
2.7%
1.5%
Q1 25
5.0%
-10.2%
Q4 24
0.1%
Q3 24
0.4%
-5.0%
Q2 24
2.3%
-1.7%
Q1 24
4.0%
-14.0%
EPS (diluted)
BDL
BDL
BTBD
BTBD
Q4 25
$0.43
Q3 25
$0.48
$0.15
Q2 25
$0.75
Q1 25
$1.45
Q4 24
$0.03
Q3 24
$0.11
$-0.04
Q2 24
$0.60
Q1 24
$1.04

Balance Sheet & Financial Strength

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

Metric
BDL
BDL
BTBD
BTBD
Cash + ST InvestmentsLiquidity on hand
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$66.0M
$7.7M
Total Assets
$142.1M
$11.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDL
BDL
BTBD
BTBD
Q4 25
Q3 25
$3.5M
Q2 25
$732.0K
$3.0M
Q1 25
$244.0K
$2.7M
Q4 24
Q3 24
$2.0M
Q2 24
$1.5M
Q1 24
$1.5M
Total Debt
BDL
BDL
BTBD
BTBD
Q4 25
Q3 25
$20.9M
Q2 25
Q1 25
Q4 24
Q3 24
$22.2M
Q2 24
Q1 24
Stockholders' Equity
BDL
BDL
BTBD
BTBD
Q4 25
$66.0M
Q3 25
$65.2M
$7.7M
Q2 25
$64.3M
$6.8M
Q1 25
$64.0M
$6.7M
Q4 24
$61.6M
Q3 24
$61.2M
$8.5M
Q2 24
$61.3M
$8.7M
Q1 24
$61.1M
$8.8M
Total Assets
BDL
BDL
BTBD
BTBD
Q4 25
$142.1M
Q3 25
$140.6M
$11.9M
Q2 25
$140.7M
$11.2M
Q1 25
$143.3M
$11.0M
Q4 24
$146.9M
Q3 24
$142.1M
$13.7M
Q2 24
$143.1M
$14.0M
Q1 24
$144.4M
$14.0M
Debt / Equity
BDL
BDL
BTBD
BTBD
Q4 25
Q3 25
0.32×
Q2 25
Q1 25
Q4 24
Q3 24
0.36×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDL
BDL
BTBD
BTBD
Operating Cash FlowLast quarter
$4.9M
$325.2K
Free Cash FlowOCF − Capex
$4.5M
$261.8K
FCF MarginFCF / Revenue
8.5%
6.8%
Capex IntensityCapex / Revenue
0.9%
1.6%
Cash ConversionOCF / Net Profit
6.14×
0.36×
TTM Free Cash FlowTrailing 4 quarters
$2.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDL
BDL
BTBD
BTBD
Q4 25
$4.9M
Q3 25
$3.4M
$325.2K
Q2 25
$1.4M
$384.4K
Q1 25
$-2.0M
$-306.7K
Q4 24
$7.7M
Q3 24
$129.3K
Q2 24
$3.1M
$82.5K
Q1 24
$-408.9K
Free Cash Flow
BDL
BDL
BTBD
BTBD
Q4 25
$4.5M
Q3 25
$2.4M
$261.8K
Q2 25
$-1.8M
Q1 25
$-3.0M
$-431.1K
Q4 24
$7.0M
Q3 24
$50.4K
Q2 24
$2.2M
$53.7K
Q1 24
$-521.3K
FCF Margin
BDL
BDL
BTBD
BTBD
Q4 25
8.5%
Q3 25
4.9%
6.8%
Q2 25
-3.4%
Q1 25
-5.5%
-13.3%
Q4 24
13.9%
Q3 24
1.2%
Q2 24
4.5%
1.3%
Q1 24
-16.3%
Capex Intensity
BDL
BDL
BTBD
BTBD
Q4 25
0.9%
Q3 25
1.9%
1.6%
Q2 25
6.1%
0.0%
Q1 25
1.8%
3.8%
Q4 24
1.5%
Q3 24
1.8%
Q2 24
1.8%
0.7%
Q1 24
3.5%
Cash Conversion
BDL
BDL
BTBD
BTBD
Q4 25
6.14×
Q3 25
3.75×
0.36×
Q2 25
1.02×
6.98×
Q1 25
-0.73×
Q4 24
140.02×
Q3 24
Q2 24
2.75×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDL
BDL

Restaurant Food Sales$30.9M59%
Package Store Sales$13.3M25%
Restaurant Bar Sales$7.9M15%

BTBD
BTBD

Segment breakdown not available.

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