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Side-by-side financial comparison of BT Brands, Inc. (BTBD) and Token Cat Ltd (TC). Click either name above to swap in a different company.

BT Brands, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.8M, roughly 1.4× Token Cat Ltd). BT Brands, Inc. runs the higher net margin — 23.7% vs -3.4%, a 27.1% gap on every dollar of revenue. On growth, BT Brands, Inc. posted the faster year-over-year revenue change (-11.4% vs -37.9%).

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.

BTBD vs TC — Head-to-Head

Bigger by revenue
BTBD
BTBD
1.4× larger
BTBD
$3.9M
$2.8M
TC
Growing faster (revenue YoY)
BTBD
BTBD
+26.5% gap
BTBD
-11.4%
-37.9%
TC
Higher net margin
BTBD
BTBD
27.1% more per $
BTBD
23.7%
-3.4%
TC

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
BTBD
BTBD
TC
TC
Revenue
$3.9M
$2.8M
Net Profit
$915.0K
$-93.0K
Gross Margin
79.0%
Operating Margin
19.1%
-206.9%
Net Margin
23.7%
-3.4%
Revenue YoY
-11.4%
-37.9%
Net Profit YoY
516.9%
98.3%
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
TC
TC
Q3 25
$3.9M
Q2 25
$3.8M
$2.8M
Q1 25
$3.2M
Q3 24
$4.3M
Q2 24
$4.1M
$4.4M
Q1 24
$3.2M
Q4 23
$4.0M
Q3 23
$4.0M
Net Profit
BTBD
BTBD
TC
TC
Q3 25
$915.0K
Q2 25
$55.0K
$-93.0K
Q1 25
$-329.8K
Q3 24
$-219.5K
Q2 24
$-70.0K
$-5.6M
Q1 24
$-445.7K
Q4 23
$-3.5K
Q3 23
$-233.7K
Gross Margin
BTBD
BTBD
TC
TC
Q3 25
Q2 25
79.0%
Q1 25
Q3 24
Q2 24
69.2%
Q1 24
Q4 23
Q3 23
Operating Margin
BTBD
BTBD
TC
TC
Q3 25
19.1%
Q2 25
-2.0%
-206.9%
Q1 25
-9.0%
Q3 24
-1.7%
Q2 24
-4.6%
-146.9%
Q1 24
-19.8%
Q4 23
1.0%
Q3 23
-2.0%
Net Margin
BTBD
BTBD
TC
TC
Q3 25
23.7%
Q2 25
1.5%
-3.4%
Q1 25
-10.2%
Q3 24
-5.0%
Q2 24
-1.7%
-125.9%
Q1 24
-14.0%
Q4 23
-0.1%
Q3 23
-5.8%
EPS (diluted)
BTBD
BTBD
TC
TC
Q3 25
$0.15
Q2 25
Q1 25
Q3 24
$-0.04
Q2 24
Q1 24
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

Metric
BTBD
BTBD
TC
TC
Cash + ST InvestmentsLiquidity on hand
$3.5M
$150.0K
Total DebtLower is stronger
$1.4M
Stockholders' EquityBook value
$7.7M
$4.6M
Total Assets
$11.9M
$28.4M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTBD
BTBD
TC
TC
Q3 25
$3.5M
Q2 25
$3.0M
$150.0K
Q1 25
$2.7M
Q3 24
$2.0M
Q2 24
$1.5M
$689.0K
Q1 24
$1.5M
Q4 23
$1.4M
Q3 23
$1.2M
Total Debt
BTBD
BTBD
TC
TC
Q3 25
Q2 25
$1.4M
Q1 25
Q3 24
Q2 24
$1.8M
Q1 24
Q4 23
Q3 23
Stockholders' Equity
BTBD
BTBD
TC
TC
Q3 25
$7.7M
Q2 25
$6.8M
$4.6M
Q1 25
$6.7M
Q3 24
$8.5M
Q2 24
$8.7M
$-787.0K
Q1 24
$8.8M
Q4 23
$9.6M
Q3 23
$9.6M
Total Assets
BTBD
BTBD
TC
TC
Q3 25
$11.9M
Q2 25
$11.2M
$28.4M
Q1 25
$11.0M
Q3 24
$13.7M
Q2 24
$14.0M
$12.5M
Q1 24
$14.0M
Q4 23
$14.9M
Q3 23
$15.1M
Debt / Equity
BTBD
BTBD
TC
TC
Q3 25
Q2 25
0.30×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

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
TC
TC
Operating Cash FlowLast quarter
$325.2K
$-23.7M
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
TC
TC
Q3 25
$325.2K
Q2 25
$384.4K
$-23.7M
Q1 25
$-306.7K
Q3 24
$129.3K
Q2 24
$82.5K
$-1.5M
Q1 24
$-408.9K
Q4 23
$37.0K
Q3 23
$362.5K
Free Cash Flow
BTBD
BTBD
TC
TC
Q3 25
$261.8K
Q2 25
Q1 25
$-431.1K
Q3 24
$50.4K
Q2 24
$53.7K
$-1.5M
Q1 24
$-521.3K
Q4 23
$-59.5K
Q3 23
$203.8K
FCF Margin
BTBD
BTBD
TC
TC
Q3 25
6.8%
Q2 25
Q1 25
-13.3%
Q3 24
1.2%
Q2 24
1.3%
-34.4%
Q1 24
-16.3%
Q4 23
-1.5%
Q3 23
5.1%
Capex Intensity
BTBD
BTBD
TC
TC
Q3 25
1.6%
Q2 25
0.0%
Q1 25
3.8%
Q3 24
1.8%
Q2 24
0.7%
0.0%
Q1 24
3.5%
Q4 23
2.4%
Q3 23
4.0%
Cash Conversion
BTBD
BTBD
TC
TC
Q3 25
0.36×
Q2 25
6.98×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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