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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
INNOVATE Corp. is the larger business by last-quarter revenue ($382.7M vs $355.4M, roughly 1.1× BJs RESTAURANTS INC). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs -1.9%, a 5.5% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 3.2%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs 2.6%).
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.
Innovate Corp. is an American public financial services company founded in 1994.
BJRI vs VATE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $382.7M |
| Net Profit | $12.6M | $-7.4M |
| Gross Margin | 74.5% | 15.4% |
| Operating Margin | 3.1% | 3.7% |
| Net Margin | 3.6% | -1.9% |
| Revenue YoY | 3.2% | 61.7% |
| Net Profit YoY | -24.2% | 55.4% |
| EPS (diluted) | $0.58 | $-0.57 |
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 | $355.4M | $382.7M | ||
| Q3 25 | $365.6M | $347.1M | ||
| Q2 25 | $348.0M | $242.0M | ||
| Q1 25 | — | $274.2M | ||
| Q4 24 | $325.7M | $236.6M | ||
| Q3 24 | $349.9M | $242.2M | ||
| Q2 24 | $337.3M | $313.1M | ||
| Q1 24 | — | $315.2M |
| Q4 25 | $12.6M | $-7.4M | ||
| Q3 25 | $22.2M | $-8.9M | ||
| Q2 25 | $13.5M | $-19.8M | ||
| Q1 25 | — | $-24.5M | ||
| Q4 24 | $-2.9M | $-16.6M | ||
| Q3 24 | $17.2M | $-15.0M | ||
| Q2 24 | $7.7M | $14.4M | ||
| Q1 24 | — | $-17.4M |
| Q4 25 | 74.5% | 15.4% | ||
| Q3 25 | 75.2% | 14.3% | ||
| Q2 25 | 75.0% | 18.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | 73.4% | 19.6% | ||
| Q3 24 | 74.3% | 19.9% | ||
| Q2 24 | 74.8% | 21.0% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | 3.1% | 3.7% | ||
| Q3 25 | 5.8% | 1.8% | ||
| Q2 25 | 4.3% | 2.0% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | -0.8% | 1.1% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 2.4% | 9.2% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 3.6% | -1.9% | ||
| Q3 25 | 6.1% | -2.6% | ||
| Q2 25 | 3.9% | -8.2% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | -0.9% | -7.0% | ||
| Q3 24 | 4.9% | -6.2% | ||
| Q2 24 | 2.3% | 4.6% | ||
| Q1 24 | — | -5.5% |
| Q4 25 | $0.58 | $-0.57 | ||
| Q3 25 | $0.97 | $-0.71 | ||
| Q2 25 | $0.58 | $-1.67 | ||
| Q1 25 | — | $-1.89 | ||
| Q4 24 | $-0.13 | $-0.72 | ||
| Q3 24 | $0.72 | $-1.18 | ||
| Q2 24 | $0.32 | $1.03 | ||
| Q1 24 | — | $-2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.8M | $112.1M |
| Total DebtLower is stronger | — | $80.3M |
| Stockholders' EquityBook value | $366.2M | $-240.1M |
| Total Assets | $1.0B | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $112.1M | ||
| Q3 25 | $26.0M | $35.5M | ||
| Q2 25 | $19.0M | $33.4M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | $18.4M | $48.8M | ||
| Q3 24 | $16.2M | $51.0M | ||
| Q2 24 | $18.8M | $80.2M | ||
| Q1 24 | — | $38.4M |
| Q4 25 | — | $80.3M | ||
| Q3 25 | $60.5M | $97.3M | ||
| Q2 25 | $85.5M | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | $66.5M | $500.6M | ||
| Q3 24 | $63.5M | $502.4M | ||
| Q2 24 | $58.0M | $638.3M | ||
| Q1 24 | — | $641.5M |
| Q4 25 | $366.2M | $-240.1M | ||
| Q3 25 | $386.6M | $-233.3M | ||
| Q2 25 | $371.5M | $-224.8M | ||
| Q1 25 | — | $-204.2M | ||
| Q4 24 | $376.2M | $-180.4M | ||
| Q3 24 | $386.5M | $-163.1M | ||
| Q2 24 | $375.4M | $-149.0M | ||
| Q1 24 | — | $-184.4M |
| Q4 25 | $1.0B | $950.1M | ||
| Q3 25 | $1.0B | $913.2M | ||
| Q2 25 | $1.0B | $890.9M | ||
| Q1 25 | — | $868.0M | ||
| Q4 24 | $1.0B | $891.1M | ||
| Q3 24 | $1.0B | $897.2M | ||
| Q2 24 | $1.0B | $898.9M | ||
| Q1 24 | — | $943.5M |
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $101.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $101.1M | ||
| Q3 25 | $62.3M | $19.2M | ||
| Q2 25 | $4.6M | $40.4M | ||
| Q1 25 | — | $-14.1M | ||
| Q4 24 | $27.3M | $41.4M | ||
| Q3 24 | $20.2M | $-28.4M | ||
| Q2 24 | $22.3M | $21.5M | ||
| Q1 24 | — | $-25.4M |
| Q4 25 | — | — | ||
| Q3 25 | $41.9M | $19.0M | ||
| Q2 25 | $-12.1M | — | ||
| Q1 25 | — | $-18.8M | ||
| Q4 24 | $7.6M | $34.2M | ||
| Q3 24 | $735.0K | $-31.5M | ||
| Q2 24 | $448.0K | $18.4M | ||
| Q1 24 | — | $-31.0M |
| Q4 25 | — | — | ||
| Q3 25 | 11.5% | 5.5% | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | 2.3% | 14.5% | ||
| Q3 24 | 0.2% | -13.0% | ||
| Q2 24 | 0.1% | 5.9% | ||
| Q1 24 | — | -9.8% |
| Q4 25 | — | — | ||
| Q3 25 | 5.6% | 0.1% | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 6.0% | 3.0% | ||
| Q3 24 | 5.6% | 1.3% | ||
| Q2 24 | 6.5% | 1.0% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | 2.80× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 2.89× | 1.49× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
Segment breakdown not available.
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
