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Side-by-side financial comparison of Claritev Corp (CTEV) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $140.0M, roughly 1.8× Fat Brands, Inc). Claritev Corp runs the higher net margin — -32.7% vs -41.6%, a 8.9% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -2.3%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-16.9M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
CTEV vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $140.0M |
| Net Profit | $-80.6M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | -12.4% |
| Net Margin | -32.7% | -41.6% |
| Revenue YoY | 6.2% | -2.3% |
| Net Profit YoY | 41.6% | -30.1% |
| EPS (diluted) | $-4.88 | $-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.
| Q4 25 | $246.6M | — | ||
| Q3 25 | $246.0M | $140.0M | ||
| Q2 25 | $241.6M | $146.8M | ||
| Q1 25 | $231.3M | $142.0M | ||
| Q4 24 | $232.1M | $145.3M | ||
| Q3 24 | $230.5M | $143.4M | ||
| Q2 24 | $233.5M | $152.0M | ||
| Q1 24 | $234.5M | $152.0M |
| Q4 25 | $-80.6M | — | ||
| Q3 25 | $-69.8M | $-58.2M | ||
| Q2 25 | $-62.6M | $-54.2M | ||
| Q1 25 | $-71.3M | $-46.0M | ||
| Q4 24 | $-138.0M | $-67.4M | ||
| Q3 24 | $-391.4M | $-44.8M | ||
| Q2 24 | $-576.7M | $-39.4M | ||
| Q1 24 | $-539.7M | $-38.3M |
| Q4 25 | -3.1% | — | ||
| Q3 25 | 4.1% | -12.4% | ||
| Q2 25 | 6.9% | -10.6% | ||
| Q1 25 | 4.2% | -6.0% | ||
| Q4 24 | -17.8% | -27.1% | ||
| Q3 24 | -146.7% | -6.2% | ||
| Q2 24 | -224.4% | -1.8% | ||
| Q1 24 | -207.4% | -0.9% |
| Q4 25 | -32.7% | — | ||
| Q3 25 | -28.4% | -41.6% | ||
| Q2 25 | -25.9% | -36.9% | ||
| Q1 25 | -30.8% | -32.4% | ||
| Q4 24 | -59.4% | -46.4% | ||
| Q3 24 | -169.8% | -31.2% | ||
| Q2 24 | -247.0% | -25.9% | ||
| Q1 24 | -230.1% | -25.2% |
| Q4 25 | $-4.88 | — | ||
| Q3 25 | $-4.23 | $-3.39 | ||
| Q2 25 | $-3.81 | $-3.17 | ||
| Q1 25 | $-4.38 | $-2.73 | ||
| Q4 24 | $-8.49 | $-4.06 | ||
| Q3 24 | $-24.25 | $-2.74 | ||
| Q2 24 | $-35.78 | $-2.43 | ||
| Q1 24 | $-33.40 | $-2.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.8M | — |
| Total DebtLower is stronger | $4.6B | $1.3B |
| Stockholders' EquityBook value | $-173.9M | $-585.8M |
| Total Assets | $4.9B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | — | ||
| Q3 25 | $39.2M | — | ||
| Q2 25 | $56.4M | — | ||
| Q1 25 | $23.1M | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $86.6M | — | ||
| Q2 24 | $48.8M | — | ||
| Q1 24 | $58.7M | — |
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | $1.3B | ||
| Q2 25 | $4.5B | $1.3B | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $4.5B | $1.3B | ||
| Q3 24 | $4.5B | $1.2B | ||
| Q2 24 | $4.5B | $1.2B | ||
| Q1 24 | $4.5B | $1.2B |
| Q4 25 | $-173.9M | — | ||
| Q3 25 | $-101.8M | $-585.8M | ||
| Q2 25 | $-39.9M | $-536.5M | ||
| Q1 25 | $14.8M | $-493.9M | ||
| Q4 24 | $84.0M | $-455.7M | ||
| Q3 24 | $207.6M | $-386.1M | ||
| Q2 24 | $603.4M | $-338.6M | ||
| Q1 24 | $1.2B | $-296.8M |
| Q4 25 | $4.9B | — | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.1B | $1.2B | ||
| Q1 25 | $5.1B | $1.3B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.3B | $1.3B | ||
| Q2 24 | $5.7B | $1.4B | ||
| Q1 24 | $6.4B | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $-14.5M |
| Free Cash FlowOCF − Capex | $36.4M | $-16.9M |
| FCF MarginFCF / Revenue | 14.8% | -12.1% |
| Capex IntensityCapex / Revenue | 12.1% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | — | ||
| Q3 25 | $19.9M | $-14.5M | ||
| Q2 25 | $61.2M | $-26.9M | ||
| Q1 25 | $-30.1M | $-13.2M | ||
| Q4 24 | $-33.4M | $-10.4M | ||
| Q3 24 | $72.8M | $-3.2M | ||
| Q2 24 | $18.5M | $-14.2M | ||
| Q1 24 | $49.7M | $-28.4M |
| Q4 25 | $36.4M | — | ||
| Q3 25 | $-16.3M | $-16.9M | ||
| Q2 25 | $36.6M | $-29.3M | ||
| Q1 25 | $-68.9M | $-17.8M | ||
| Q4 24 | $-63.8M | $-11.0M | ||
| Q3 24 | $41.1M | $-11.1M | ||
| Q2 24 | $-7.0M | $-24.4M | ||
| Q1 24 | $19.2M | $-32.5M |
| Q4 25 | 14.8% | — | ||
| Q3 25 | -6.6% | -12.1% | ||
| Q2 25 | 15.2% | -20.0% | ||
| Q1 25 | -29.8% | -12.5% | ||
| Q4 24 | -27.5% | -7.6% | ||
| Q3 24 | 17.8% | -7.7% | ||
| Q2 24 | -3.0% | -16.1% | ||
| Q1 24 | 8.2% | -21.4% |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.7% | 1.7% | ||
| Q2 25 | 10.2% | 1.6% | ||
| Q1 25 | 16.8% | 3.2% | ||
| Q4 24 | 13.1% | 0.4% | ||
| Q3 24 | 13.8% | 5.5% | ||
| Q2 24 | 10.9% | 6.7% | ||
| Q1 24 | 13.0% | 2.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTEV
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% |
