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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) 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 $112.4M, roughly 1.2× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -41.6%, a 75.0% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs -2.3%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs -6.1%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
BY vs FAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $140.0M |
| Net Profit | $37.6M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | — | -12.4% |
| Net Margin | 33.4% | -41.6% |
| Revenue YoY | 9.0% | -2.3% |
| Net Profit YoY | 33.0% | -30.1% |
| EPS (diluted) | $0.83 | $-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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | — | ||
| Q3 25 | $115.7M | $140.0M | ||
| Q2 25 | $110.5M | $146.8M | ||
| Q1 25 | $103.1M | $142.0M | ||
| Q4 24 | $104.7M | $145.3M | ||
| Q3 24 | $101.8M | $143.4M | ||
| Q2 24 | $99.4M | $152.0M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | — | ||
| Q3 25 | $37.2M | $-58.2M | ||
| Q2 25 | $30.1M | $-54.2M | ||
| Q1 25 | $28.2M | $-46.0M | ||
| Q4 24 | $30.3M | $-67.4M | ||
| Q3 24 | $30.3M | $-44.8M | ||
| Q2 24 | $29.7M | $-39.4M |
| Q1 26 | — | — | ||
| Q4 25 | 40.1% | — | ||
| Q3 25 | 43.1% | -12.4% | ||
| Q2 25 | 35.2% | -10.6% | ||
| Q1 25 | 36.4% | -6.0% | ||
| Q4 24 | 38.6% | -27.1% | ||
| Q3 24 | 39.3% | -6.2% | ||
| Q2 24 | 40.4% | -1.8% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | — | ||
| Q3 25 | 32.1% | -41.6% | ||
| Q2 25 | 27.2% | -36.9% | ||
| Q1 25 | 27.4% | -32.4% | ||
| Q4 24 | 34.3% | -46.4% | ||
| Q3 24 | 29.8% | -31.2% | ||
| Q2 24 | 29.9% | -25.9% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $0.82 | $-3.39 | ||
| Q2 25 | $0.66 | $-3.17 | ||
| Q1 25 | $0.64 | $-2.73 | ||
| Q4 24 | $0.68 | $-4.06 | ||
| Q3 24 | $0.69 | $-2.74 | ||
| Q2 24 | $0.68 | $-2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.4M | — |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $1.3B | $-585.8M |
| Total Assets | $9.9B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | — | ||
| Q3 25 | $259.0M | — | ||
| Q2 25 | $218.3M | — | ||
| Q1 25 | $421.3M | — | ||
| Q4 24 | $563.1M | — | ||
| Q3 24 | $452.6M | — | ||
| Q2 24 | $730.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $-585.8M | ||
| Q2 25 | $1.2B | $-536.5M | ||
| Q1 25 | $1.1B | $-493.9M | ||
| Q4 24 | $1.1B | $-455.7M | ||
| Q3 24 | $1.1B | $-386.1M | ||
| Q2 24 | $1.0B | $-338.6M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.8B | $1.2B | ||
| Q2 25 | $9.7B | $1.2B | ||
| Q1 25 | $9.6B | $1.3B | ||
| Q4 24 | $9.5B | $1.3B | ||
| Q3 24 | $9.4B | $1.3B | ||
| Q2 24 | $9.6B | $1.4B |
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 | — | $-14.5M |
| Free Cash FlowOCF − Capex | — | $-16.9M |
| FCF MarginFCF / Revenue | — | -12.1% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | — | ||
| Q3 25 | $38.3M | $-14.5M | ||
| Q2 25 | $16.3M | $-26.9M | ||
| Q1 25 | $27.1M | $-13.2M | ||
| Q4 24 | $175.2M | $-10.4M | ||
| Q3 24 | $19.8M | $-3.2M | ||
| Q2 24 | $40.1M | $-14.2M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | — | ||
| Q3 25 | $38.0M | $-16.9M | ||
| Q2 25 | $15.2M | $-29.3M | ||
| Q1 25 | $25.0M | $-17.8M | ||
| Q4 24 | $171.2M | $-11.0M | ||
| Q3 24 | $19.1M | $-11.1M | ||
| Q2 24 | $39.4M | $-24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | — | ||
| Q3 25 | 32.8% | -12.1% | ||
| Q2 25 | 13.7% | -20.0% | ||
| Q1 25 | 24.3% | -12.5% | ||
| Q4 24 | 163.5% | -7.6% | ||
| Q3 24 | 18.8% | -7.7% | ||
| Q2 24 | 39.7% | -16.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 0.3% | 1.7% | ||
| Q2 25 | 1.0% | 1.6% | ||
| Q1 25 | 2.0% | 3.2% | ||
| Q4 24 | 3.8% | 0.4% | ||
| Q3 24 | 0.6% | 5.5% | ||
| Q2 24 | 0.7% | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 5.78× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 1.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
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% |
