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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.

Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $355.4M, roughly 1.9× BJs RESTAURANTS INC). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs 3.6%, a 0.6% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -3.3%). Over the past eight quarters, BJs RESTAURANTS INC's revenue compounded faster (2.6% CAGR vs -2.9%).

BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

BJRI vs SPB — Head-to-Head

Bigger by revenue
SPB
SPB
1.9× larger
SPB
$677.0M
$355.4M
BJRI
Growing faster (revenue YoY)
BJRI
BJRI
+6.5% gap
BJRI
3.2%
-3.3%
SPB
Higher net margin
SPB
SPB
0.6% more per $
SPB
4.2%
3.6%
BJRI
Faster 2-yr revenue CAGR
BJRI
BJRI
Annualised
BJRI
2.6%
-2.9%
SPB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BJRI
BJRI
SPB
SPB
Revenue
$355.4M
$677.0M
Net Profit
$12.6M
$28.4M
Gross Margin
74.5%
35.7%
Operating Margin
3.1%
4.0%
Net Margin
3.6%
4.2%
Revenue YoY
3.2%
-3.3%
Net Profit YoY
-24.2%
20.9%
EPS (diluted)
$0.58
$1.21

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
BJRI
BJRI
SPB
SPB
Q4 25
$355.4M
$677.0M
Q3 25
$365.6M
$733.5M
Q2 25
$348.0M
$699.6M
Q1 25
$675.7M
Q4 24
$325.7M
$700.2M
Q3 24
$349.9M
$773.8M
Q2 24
$337.3M
$779.4M
Q1 24
$718.5M
Net Profit
BJRI
BJRI
SPB
SPB
Q4 25
$12.6M
$28.4M
Q3 25
$22.2M
$55.6M
Q2 25
$13.5M
$19.9M
Q1 25
$900.0K
Q4 24
$-2.9M
$23.5M
Q3 24
$17.2M
$28.5M
Q2 24
$7.7M
$6.1M
Q1 24
$61.1M
Gross Margin
BJRI
BJRI
SPB
SPB
Q4 25
74.5%
35.7%
Q3 25
75.2%
35.0%
Q2 25
75.0%
37.8%
Q1 25
37.5%
Q4 24
73.4%
36.8%
Q3 24
74.3%
37.2%
Q2 24
74.8%
38.9%
Q1 24
38.1%
Operating Margin
BJRI
BJRI
SPB
SPB
Q4 25
3.1%
4.0%
Q3 25
5.8%
4.0%
Q2 25
4.3%
4.5%
Q1 25
2.9%
Q4 24
-0.8%
6.4%
Q3 24
3.8%
2.8%
Q2 24
2.4%
6.1%
Q1 24
10.6%
Net Margin
BJRI
BJRI
SPB
SPB
Q4 25
3.6%
4.2%
Q3 25
6.1%
7.6%
Q2 25
3.9%
2.8%
Q1 25
0.1%
Q4 24
-0.9%
3.4%
Q3 24
4.9%
3.7%
Q2 24
2.3%
0.8%
Q1 24
8.5%
EPS (diluted)
BJRI
BJRI
SPB
SPB
Q4 25
$0.58
$1.21
Q3 25
$0.97
$2.19
Q2 25
$0.58
$0.80
Q1 25
$0.03
Q4 24
$-0.13
$0.84
Q3 24
$0.72
$1.03
Q2 24
$0.32
$0.21
Q1 24
$2.01

Balance Sheet & Financial Strength

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

Metric
BJRI
BJRI
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$23.8M
$126.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$366.2M
$1.9B
Total Assets
$1.0B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BJRI
BJRI
SPB
SPB
Q4 25
$23.8M
$126.6M
Q3 25
$26.0M
$123.6M
Q2 25
$19.0M
$122.0M
Q1 25
$96.0M
Q4 24
$18.4M
$179.9M
Q3 24
$16.2M
$368.9M
Q2 24
$18.8M
$306.8M
Q1 24
$1.2B
Total Debt
BJRI
BJRI
SPB
SPB
Q4 25
Q3 25
$60.5M
$496.1M
Q2 25
$85.5M
Q1 25
Q4 24
$66.5M
Q3 24
$63.5M
$496.1M
Q2 24
$58.0M
Q1 24
Stockholders' Equity
BJRI
BJRI
SPB
SPB
Q4 25
$366.2M
$1.9B
Q3 25
$386.6M
$1.9B
Q2 25
$371.5M
$1.9B
Q1 25
$1.9B
Q4 24
$376.2M
$2.0B
Q3 24
$386.5M
$2.1B
Q2 24
$375.4M
$2.1B
Q1 24
$2.3B
Total Assets
BJRI
BJRI
SPB
SPB
Q4 25
$1.0B
$3.4B
Q3 25
$1.0B
$3.4B
Q2 25
$1.0B
$3.5B
Q1 25
$3.5B
Q4 24
$1.0B
$3.6B
Q3 24
$1.0B
$3.8B
Q2 24
$1.0B
$3.8B
Q1 24
$4.8B
Debt / Equity
BJRI
BJRI
SPB
SPB
Q4 25
Q3 25
0.16×
0.26×
Q2 25
0.23×
Q1 25
Q4 24
0.18×
Q3 24
0.16×
0.23×
Q2 24
0.15×
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
BJRI
BJRI
SPB
SPB
Operating Cash FlowLast quarter
$67.4M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.37×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BJRI
BJRI
SPB
SPB
Q4 25
$67.4M
Q3 25
$62.3M
$171.1M
Q2 25
$4.6M
$81.8M
Q1 25
$23.1M
Q4 24
$27.3M
$-72.4M
Q3 24
$20.2M
$80.7M
Q2 24
$22.3M
$82.7M
Q1 24
$3.5M
Free Cash Flow
BJRI
BJRI
SPB
SPB
Q4 25
$59.3M
Q3 25
$41.9M
$157.9M
Q2 25
$-12.1M
$71.8M
Q1 25
$13.9M
Q4 24
$7.6M
$-78.3M
Q3 24
$735.0K
$67.7M
Q2 24
$448.0K
$72.6M
Q1 24
$-9.0M
FCF Margin
BJRI
BJRI
SPB
SPB
Q4 25
8.8%
Q3 25
11.5%
21.5%
Q2 25
-3.5%
10.3%
Q1 25
2.1%
Q4 24
2.3%
-11.2%
Q3 24
0.2%
8.7%
Q2 24
0.1%
9.3%
Q1 24
-1.3%
Capex Intensity
BJRI
BJRI
SPB
SPB
Q4 25
1.2%
Q3 25
5.6%
1.8%
Q2 25
4.8%
1.4%
Q1 25
1.4%
Q4 24
6.0%
0.8%
Q3 24
5.6%
1.7%
Q2 24
6.5%
1.3%
Q1 24
1.7%
Cash Conversion
BJRI
BJRI
SPB
SPB
Q4 25
2.37×
Q3 25
2.80×
3.08×
Q2 25
0.34×
4.11×
Q1 25
25.67×
Q4 24
-3.08×
Q3 24
1.18×
2.83×
Q2 24
2.89×
13.56×
Q1 24
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BJRI
BJRI

Segment breakdown not available.

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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