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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 $83.2M, roughly 1.7× BrightSpire Capital, Inc.). BrightSpire Capital, Inc. runs the higher net margin — -17.3% vs -41.6%, a 24.3% gap on every dollar of revenue. On growth, BrightSpire Capital, Inc. posted the faster year-over-year revenue change (-0.4% vs -2.3%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $-16.9M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
BRSP vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $140.0M |
| Net Profit | $-14.4M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | — | -12.4% |
| Net Margin | -17.3% | -41.6% |
| Revenue YoY | -0.4% | -2.3% |
| Net Profit YoY | 27.3% | -30.1% |
| EPS (diluted) | $-0.11 | $-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.
| Q4 25 | $83.2M | — | ||
| Q3 25 | $83.9M | $140.0M | ||
| Q2 25 | $85.9M | $146.8M | ||
| Q1 25 | $77.6M | $142.0M | ||
| Q4 24 | $83.5M | $145.3M | ||
| Q3 24 | $88.2M | $143.4M | ||
| Q2 24 | $91.4M | $152.0M | ||
| Q1 24 | $95.8M | $152.0M |
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $984.0K | $-58.2M | ||
| Q2 25 | $-23.1M | $-54.2M | ||
| Q1 25 | $5.3M | $-46.0M | ||
| Q4 24 | $-19.7M | $-67.4M | ||
| Q3 24 | $12.7M | $-44.8M | ||
| Q2 24 | $-67.9M | $-39.4M | ||
| Q1 24 | $-57.1M | $-38.3M |
| Q4 25 | — | — | ||
| Q3 25 | -1.7% | -12.4% | ||
| Q2 25 | -54.5% | -10.6% | ||
| Q1 25 | 5.1% | -6.0% | ||
| Q4 24 | -24.9% | -27.1% | ||
| Q3 24 | 13.2% | -6.2% | ||
| Q2 24 | -74.9% | -1.8% | ||
| Q1 24 | -59.4% | -0.9% |
| Q4 25 | -17.3% | — | ||
| Q3 25 | 1.2% | -41.6% | ||
| Q2 25 | -26.9% | -36.9% | ||
| Q1 25 | 6.9% | -32.4% | ||
| Q4 24 | -23.7% | -46.4% | ||
| Q3 24 | 14.4% | -31.2% | ||
| Q2 24 | -74.2% | -25.9% | ||
| Q1 24 | -59.6% | -25.2% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $0.00 | $-3.39 | ||
| Q2 25 | $-0.19 | $-3.17 | ||
| Q1 25 | $0.04 | $-2.73 | ||
| Q4 24 | $-0.16 | $-4.06 | ||
| Q3 24 | $0.09 | $-2.74 | ||
| Q2 24 | $-0.53 | $-2.43 | ||
| Q1 24 | $-0.45 | $-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 | $66.8M | — |
| Total DebtLower is stronger | $2.5B | $1.3B |
| Stockholders' EquityBook value | $938.4M | $-585.8M |
| Total Assets | $3.6B | $1.2B |
| Debt / EquityLower = less leverage | 2.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | — | ||
| Q3 25 | $113.4M | — | ||
| Q2 25 | $154.3M | — | ||
| Q1 25 | $200.9M | — | ||
| Q4 24 | $302.2M | — | ||
| Q3 24 | $263.8M | — | ||
| Q2 24 | $203.3M | — | ||
| Q1 24 | $221.5M | — |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
| Q4 25 | $938.4M | — | ||
| Q3 25 | $976.4M | $-585.8M | ||
| Q2 25 | $994.4M | $-536.5M | ||
| Q1 25 | $1.0B | $-493.9M | ||
| Q4 24 | $1.0B | $-455.7M | ||
| Q3 24 | $1.1B | $-386.1M | ||
| Q2 24 | $1.1B | $-338.6M | ||
| Q1 24 | $1.2B | $-296.8M |
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.6B | $1.3B | ||
| Q4 24 | $3.7B | $1.3B | ||
| Q3 24 | $3.8B | $1.3B | ||
| Q2 24 | $3.8B | $1.4B | ||
| Q1 24 | $3.9B | $1.4B |
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 2.28× | — | ||
| Q1 24 | 2.17× | — |
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 | $73.0M | $-14.5M |
| Free Cash FlowOCF − Capex | $55.1M | $-16.9M |
| FCF MarginFCF / Revenue | 66.2% | -12.1% |
| Capex IntensityCapex / Revenue | 21.6% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | — | ||
| Q3 25 | $29.9M | $-14.5M | ||
| Q2 25 | $17.4M | $-26.9M | ||
| Q1 25 | $10.5M | $-13.2M | ||
| Q4 24 | $103.4M | $-10.4M | ||
| Q3 24 | $31.3M | $-3.2M | ||
| Q2 24 | $22.9M | $-14.2M | ||
| Q1 24 | $24.6M | $-28.4M |
| Q4 25 | $55.1M | — | ||
| Q3 25 | $27.4M | $-16.9M | ||
| Q2 25 | $11.6M | $-29.3M | ||
| Q1 25 | $8.0M | $-17.8M | ||
| Q4 24 | $97.3M | $-11.0M | ||
| Q3 24 | $28.3M | $-11.1M | ||
| Q2 24 | $22.7M | $-24.4M | ||
| Q1 24 | $22.2M | $-32.5M |
| Q4 25 | 66.2% | — | ||
| Q3 25 | 32.7% | -12.1% | ||
| Q2 25 | 13.4% | -20.0% | ||
| Q1 25 | 10.3% | -12.5% | ||
| Q4 24 | 116.6% | -7.6% | ||
| Q3 24 | 32.1% | -7.7% | ||
| Q2 24 | 24.9% | -16.1% | ||
| Q1 24 | 23.2% | -21.4% |
| Q4 25 | 21.6% | — | ||
| Q3 25 | 2.9% | 1.7% | ||
| Q2 25 | 6.8% | 1.6% | ||
| Q1 25 | 3.2% | 3.2% | ||
| Q4 24 | 7.3% | 0.4% | ||
| Q3 24 | 3.4% | 5.5% | ||
| Q2 24 | 0.1% | 6.7% | ||
| Q1 24 | 2.5% | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSP
Segment breakdown not available.
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% |
