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Side-by-side financial comparison of BT Brands, Inc. (BTBD) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $3.9M, roughly 1.0× BT Brands, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -11.4%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -1.8%).

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.

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

BTBD vs IRD — Head-to-Head

Bigger by revenue
IRD
IRD
1.0× larger
IRD
$3.9M
$3.9M
BTBD
Growing faster (revenue YoY)
IRD
IRD
+1.2% gap
IRD
-10.2%
-11.4%
BTBD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-1.8%
BTBD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTBD
BTBD
IRD
IRD
Revenue
$3.9M
$3.9M
Net Profit
$915.0K
Gross Margin
Operating Margin
19.1%
Net Margin
23.7%
Revenue YoY
-11.4%
-10.2%
Net Profit YoY
516.9%
53.0%
EPS (diluted)
$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
BTBD
BTBD
IRD
IRD
Q4 25
$3.9M
Q3 25
$3.9M
$3.1M
Q2 25
$3.8M
$2.9M
Q1 25
$3.2M
$4.4M
Q4 24
$4.3M
Q3 24
$4.3M
$3.9M
Q2 24
$4.1M
$1.1M
Q1 24
$3.2M
$1.7M
Net Profit
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
$915.0K
$-17.5M
Q2 25
$55.0K
$-7.4M
Q1 25
$-329.8K
$-8.2M
Q4 24
Q3 24
$-219.5K
$-7.5M
Q2 24
$-70.0K
$-7.8M
Q1 24
$-445.7K
$-7.1M
Operating Margin
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
19.1%
-269.9%
Q2 25
-2.0%
-309.0%
Q1 25
-9.0%
-227.2%
Q4 24
Q3 24
-1.7%
-207.1%
Q2 24
-4.6%
-748.9%
Q1 24
-19.8%
-450.5%
Net Margin
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
23.7%
-566.9%
Q2 25
1.5%
-257.5%
Q1 25
-10.2%
-187.5%
Q4 24
Q3 24
-5.0%
-194.6%
Q2 24
-1.7%
-698.3%
Q1 24
-14.0%
-415.3%
EPS (diluted)
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
$0.15
$-0.25
Q2 25
$-0.12
Q1 25
$-0.24
Q4 24
Q3 24
$-0.04
$-0.29
Q2 24
$-0.30
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
BTBD
BTBD
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$3.5M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7M
$15.3M
Total Assets
$11.9M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTBD
BTBD
IRD
IRD
Q4 25
$45.1M
Q3 25
$3.5M
$30.8M
Q2 25
$3.0M
$32.4M
Q1 25
$2.7M
$41.8M
Q4 24
$30.3M
Q3 24
$2.0M
$36.6M
Q2 24
$1.5M
$41.4M
Q1 24
$1.5M
$47.2M
Stockholders' Equity
BTBD
BTBD
IRD
IRD
Q4 25
$15.3M
Q3 25
$7.7M
$6.0M
Q2 25
$6.8M
$17.5M
Q1 25
$6.7M
$5.1M
Q4 24
$6.7M
Q3 24
$8.5M
$34.3M
Q2 24
$8.7M
$40.6M
Q1 24
$8.8M
$46.1M
Total Assets
BTBD
BTBD
IRD
IRD
Q4 25
$50.2M
Q3 25
$11.9M
$36.1M
Q2 25
$11.2M
$38.7M
Q1 25
$11.0M
$48.2M
Q4 24
$36.9M
Q3 24
$13.7M
$40.4M
Q2 24
$14.0M
$44.8M
Q1 24
$14.0M
$51.8M

Cash Flow & Capital Efficiency

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

Metric
BTBD
BTBD
IRD
IRD
Operating Cash FlowLast quarter
$325.2K
$-35.3M
Free Cash FlowOCF − Capex
$261.8K
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTBD
BTBD
IRD
IRD
Q4 25
$-35.3M
Q3 25
$325.2K
$-6.2M
Q2 25
$384.4K
$-10.3M
Q1 25
$-306.7K
$-9.0M
Q4 24
$-25.6M
Q3 24
$129.3K
$-5.1M
Q2 24
$82.5K
$-7.3M
Q1 24
$-408.9K
$-5.7M
Free Cash Flow
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
$261.8K
Q2 25
Q1 25
$-431.1K
Q4 24
Q3 24
$50.4K
Q2 24
$53.7K
Q1 24
$-521.3K
FCF Margin
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
6.8%
Q2 25
Q1 25
-13.3%
Q4 24
Q3 24
1.2%
Q2 24
1.3%
Q1 24
-16.3%
Capex Intensity
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
1.6%
Q2 25
0.0%
Q1 25
3.8%
Q4 24
Q3 24
1.8%
Q2 24
0.7%
Q1 24
3.5%
Cash Conversion
BTBD
BTBD
IRD
IRD
Q4 25
Q3 25
0.36×
Q2 25
6.98×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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