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

BT Brands, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.2M, roughly 1.7× Instil Bio, Inc.). BT Brands, Inc. runs the higher net margin — 23.7% vs -365.3%, a 389.1% gap on every dollar of revenue. On growth, BT Brands, Inc. posted the faster year-over-year revenue change (-11.4% vs -19.2%).

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.

Instil Bio Inc. is a clinical-stage biotechnology company focused on developing innovative tumor-infiltrating lymphocyte (TIL) therapies for patients with difficult-to-treat advanced solid tumors. It operates in the immuno-oncology segment, serving patient populations that show limited response to existing standard cancer treatment options.

BTBD vs TIL — Head-to-Head

Bigger by revenue
BTBD
BTBD
1.7× larger
BTBD
$3.9M
$2.2M
TIL
Growing faster (revenue YoY)
BTBD
BTBD
+7.8% gap
BTBD
-11.4%
-19.2%
TIL
Higher net margin
BTBD
BTBD
389.1% more per $
BTBD
23.7%
-365.3%
TIL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTBD
BTBD
TIL
TIL
Revenue
$3.9M
$2.2M
Net Profit
$915.0K
$-8.2M
Gross Margin
Operating Margin
19.1%
-426.3%
Net Margin
23.7%
-365.3%
Revenue YoY
-11.4%
-19.2%
Net Profit YoY
516.9%
31.1%
EPS (diluted)
$0.15
$-1.13

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
TIL
TIL
Q4 25
$2.2M
Q3 25
$3.9M
$2.2M
Q2 25
$3.8M
$2.2M
Q1 25
$3.2M
$2.2M
Q4 24
$2.8M
Q3 24
$4.3M
$1.5M
Q2 24
$4.1M
$0
Q1 24
$3.2M
$0
Net Profit
BTBD
BTBD
TIL
TIL
Q4 25
$-8.2M
Q3 25
$915.0K
$-13.6M
Q2 25
$55.0K
$-21.4M
Q1 25
$-329.8K
$-28.2M
Q4 24
$-11.9M
Q3 24
$-219.5K
$-23.0M
Q2 24
$-70.0K
$-14.9M
Q1 24
$-445.7K
$-24.3M
Operating Margin
BTBD
BTBD
TIL
TIL
Q4 25
-426.3%
Q3 25
19.1%
-670.0%
Q2 25
-2.0%
-1045.5%
Q1 25
-9.0%
-1363.2%
Q4 24
-426.1%
Q3 24
-1.7%
-1582.8%
Q2 24
-4.6%
Q1 24
-19.8%
Net Margin
BTBD
BTBD
TIL
TIL
Q4 25
-365.3%
Q3 25
23.7%
-606.0%
Q2 25
1.5%
-954.2%
Q1 25
-10.2%
-1257.8%
Q4 24
-428.8%
Q3 24
-5.0%
-1541.9%
Q2 24
-1.7%
Q1 24
-14.0%
EPS (diluted)
BTBD
BTBD
TIL
TIL
Q4 25
$-1.13
Q3 25
$0.15
$-2.01
Q2 25
$-3.24
Q1 25
$-4.32
Q4 24
$-1.82
Q3 24
$-0.04
$-3.54
Q2 24
$-2.29
Q1 24
$-3.74

Balance Sheet & Financial Strength

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

Metric
BTBD
BTBD
TIL
TIL
Cash + ST InvestmentsLiquidity on hand
$3.5M
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7M
$113.9M
Total Assets
$11.9M
$203.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTBD
BTBD
TIL
TIL
Q4 25
$6.6M
Q3 25
$3.5M
$5.8M
Q2 25
$3.0M
$7.7M
Q1 25
$2.7M
$15.4M
Q4 24
$8.8M
Q3 24
$2.0M
$6.7M
Q2 24
$1.5M
$6.8M
Q1 24
$1.5M
$5.5M
Stockholders' Equity
BTBD
BTBD
TIL
TIL
Q4 25
$113.9M
Q3 25
$7.7M
$120.4M
Q2 25
$6.8M
$131.7M
Q1 25
$6.7M
$144.9M
Q4 24
$169.4M
Q3 24
$8.5M
$176.3M
Q2 24
$8.7M
$195.0M
Q1 24
$8.8M
$205.8M
Total Assets
BTBD
BTBD
TIL
TIL
Q4 25
$203.5M
Q3 25
$11.9M
$211.8M
Q2 25
$11.2M
$231.0M
Q1 25
$11.0M
$237.4M
Q4 24
$263.6M
Q3 24
$13.7M
$272.6M
Q2 24
$14.0M
$294.3M
Q1 24
$14.0M
$306.3M

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
TIL
TIL
Operating Cash FlowLast quarter
$325.2K
$-7.1M
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
TIL
TIL
Q4 25
$-7.1M
Q3 25
$325.2K
$-10.6M
Q2 25
$384.4K
$-14.8M
Q1 25
$-306.7K
$-4.2M
Q4 24
$-10.6M
Q3 24
$129.3K
$-20.1M
Q2 24
$82.5K
$-10.6M
Q1 24
$-408.9K
$-14.4M
Free Cash Flow
BTBD
BTBD
TIL
TIL
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
TIL
TIL
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
TIL
TIL
Q4 25
Q3 25
1.6%
Q2 25
0.0%
Q1 25
3.8%
Q4 24
0.0%
Q3 24
1.8%
0.0%
Q2 24
0.7%
Q1 24
3.5%
Cash Conversion
BTBD
BTBD
TIL
TIL
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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