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Side-by-side financial comparison of BT Brands, Inc. (BTBD) and SES AI Corp (SES). Click either name above to swap in a different company.
SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $3.9M, roughly 1.2× BT Brands, Inc.). BT Brands, Inc. runs the higher net margin — 23.7% vs -373.5%, a 397.2% gap on every dollar of revenue. BT Brands, Inc. produced more free cash flow last quarter ($261.8K vs $-11.1M).
BT Brands, Inc.BTBDEarnings & Financial Report
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.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
BTBD vs SES — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9M | $4.6M |
| Net Profit | $915.0K | $-17.0M |
| Gross Margin | — | 11.3% |
| Operating Margin | 19.1% | -387.7% |
| Net Margin | 23.7% | -373.5% |
| Revenue YoY | -11.4% | — |
| Net Profit YoY | 516.9% | 50.7% |
| EPS (diluted) | $0.15 | $-0.05 |
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 | — | $4.6M | ||
| Q3 25 | $3.9M | $7.1M | ||
| Q2 25 | $3.8M | $3.5M | ||
| Q1 25 | $3.2M | $5.8M | ||
| Q3 24 | $4.3M | — | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $3.2M | — | ||
| Q4 23 | $4.0M | — |
| Q4 25 | — | $-17.0M | ||
| Q3 25 | $915.0K | $-20.9M | ||
| Q2 25 | $55.0K | $-22.7M | ||
| Q1 25 | $-329.8K | $-12.4M | ||
| Q3 24 | $-219.5K | — | ||
| Q2 24 | $-70.0K | — | ||
| Q1 24 | $-445.7K | — | ||
| Q4 23 | $-3.5K | — |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 51.1% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | — | 78.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | -387.7% | ||
| Q3 25 | 19.1% | -262.0% | ||
| Q2 25 | -2.0% | -652.3% | ||
| Q1 25 | -9.0% | -401.7% | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | -4.6% | — | ||
| Q1 24 | -19.8% | — | ||
| Q4 23 | 1.0% | — |
| Q4 25 | — | -373.5% | ||
| Q3 25 | 23.7% | -293.9% | ||
| Q2 25 | 1.5% | -642.2% | ||
| Q1 25 | -10.2% | -214.6% | ||
| Q3 24 | -5.0% | — | ||
| Q2 24 | -1.7% | — | ||
| Q1 24 | -14.0% | — | ||
| Q4 23 | -0.1% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $0.15 | $-0.06 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.04 | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5M | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7M | $214.8M |
| Total Assets | $11.9M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.5M | ||
| Q3 25 | $3.5M | $35.3M | ||
| Q2 25 | $3.0M | $11.8M | ||
| Q1 25 | $2.7M | $56.1M | ||
| Q3 24 | $2.0M | — | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $1.5M | — | ||
| Q4 23 | $1.4M | — |
| Q4 25 | — | $214.8M | ||
| Q3 25 | $7.7M | $228.2M | ||
| Q2 25 | $6.8M | $249.2M | ||
| Q1 25 | $6.7M | $269.9M | ||
| Q3 24 | $8.5M | — | ||
| Q2 24 | $8.7M | — | ||
| Q1 24 | $8.8M | — | ||
| Q4 23 | $9.6M | — |
| Q4 25 | — | $272.6M | ||
| Q3 25 | $11.9M | $288.8M | ||
| Q2 25 | $11.2M | $290.5M | ||
| Q1 25 | $11.0M | $306.0M | ||
| Q3 24 | $13.7M | — | ||
| Q2 24 | $14.0M | — | ||
| Q1 24 | $14.0M | — | ||
| Q4 23 | $14.9M | — |
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 | $325.2K | $-10.4M |
| Free Cash FlowOCF − Capex | $261.8K | $-11.1M |
| FCF MarginFCF / Revenue | 6.8% | -243.7% |
| Capex IntensityCapex / Revenue | 1.6% | 15.6% |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-10.4M | ||
| Q3 25 | $325.2K | $-14.3M | ||
| Q2 25 | $384.4K | $-10.8M | ||
| Q1 25 | $-306.7K | $-22.8M | ||
| Q3 24 | $129.3K | — | ||
| Q2 24 | $82.5K | — | ||
| Q1 24 | $-408.9K | — | ||
| Q4 23 | $37.0K | — |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | $261.8K | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | $-431.1K | $-23.7M | ||
| Q3 24 | $50.4K | — | ||
| Q2 24 | $53.7K | — | ||
| Q1 24 | $-521.3K | — | ||
| Q4 23 | $-59.5K | — |
| Q4 25 | — | -243.7% | ||
| Q3 25 | 6.8% | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | -13.3% | -410.0% | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | -16.3% | — | ||
| Q4 23 | -1.5% | — |
| Q4 25 | — | 15.6% | ||
| Q3 25 | 1.6% | 6.0% | ||
| Q2 25 | 0.0% | 22.8% | ||
| Q1 25 | 3.8% | 15.8% | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 3.5% | — | ||
| Q4 23 | 2.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 6.98× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
