vs
Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) 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 $134.9M, roughly 1.0× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs -41.6%, a 124.1% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs -2.3%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs -6.1%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
CTRE vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $140.0M |
| Net Profit | $111.3M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | — | -12.4% |
| Net Margin | 82.5% | -41.6% |
| Revenue YoY | 55.1% | -2.3% |
| Net Profit YoY | 113.5% | -30.1% |
| EPS (diluted) | $0.52 | $-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 | $134.9M | — | ||
| Q3 25 | $132.4M | $140.0M | ||
| Q2 25 | $112.5M | $146.8M | ||
| Q1 25 | $96.6M | $142.0M | ||
| Q4 24 | $86.9M | $145.3M | ||
| Q3 24 | $77.4M | $143.4M | ||
| Q2 24 | $68.9M | $152.0M | ||
| Q1 24 | $63.1M | $152.0M |
| Q4 25 | $111.3M | — | ||
| Q3 25 | $74.9M | $-58.2M | ||
| Q2 25 | $68.5M | $-54.2M | ||
| Q1 25 | $65.8M | $-46.0M | ||
| Q4 24 | $52.1M | $-67.4M | ||
| Q3 24 | $33.4M | $-44.8M | ||
| Q2 24 | $10.8M | $-39.4M | ||
| Q1 24 | $28.7M | $-38.3M |
| Q4 25 | — | — | ||
| Q3 25 | 58.1% | -12.4% | ||
| Q2 25 | 61.3% | -10.6% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | -27.1% | ||
| Q3 24 | 43.0% | -6.2% | ||
| Q2 24 | 15.1% | -1.8% | ||
| Q1 24 | — | -0.9% |
| Q4 25 | 82.5% | — | ||
| Q3 25 | 56.6% | -41.6% | ||
| Q2 25 | 60.9% | -36.9% | ||
| Q1 25 | 68.1% | -32.4% | ||
| Q4 24 | 60.0% | -46.4% | ||
| Q3 24 | 43.2% | -31.2% | ||
| Q2 24 | 15.6% | -25.9% | ||
| Q1 24 | 45.6% | -25.2% |
| Q4 25 | $0.52 | — | ||
| Q3 25 | $0.35 | $-3.39 | ||
| Q2 25 | $0.35 | $-3.17 | ||
| Q1 25 | $0.35 | $-2.73 | ||
| Q4 24 | $0.30 | $-4.06 | ||
| Q3 24 | $0.21 | $-2.74 | ||
| Q2 24 | $0.07 | $-2.43 | ||
| Q1 24 | $0.22 | $-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 | $198.0M | — |
| Total DebtLower is stronger | $894.2M | $1.3B |
| Stockholders' EquityBook value | $4.0B | $-585.8M |
| Total Assets | $5.1B | $1.2B |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | — | ||
| Q3 25 | $712.5M | — | ||
| Q2 25 | $306.1M | — | ||
| Q1 25 | $26.5M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $377.1M | — | ||
| Q2 24 | $495.1M | — | ||
| Q1 24 | $451.2M | — |
| Q4 25 | $894.2M | — | ||
| Q3 25 | $893.8M | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $822.1M | $1.3B | ||
| Q4 24 | $396.9M | $1.3B | ||
| Q3 24 | $396.7M | $1.2B | ||
| Q2 24 | $671.1M | $1.2B | ||
| Q1 24 | $595.9M | $1.2B |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $-585.8M | ||
| Q2 25 | $3.3B | $-536.5M | ||
| Q1 25 | $2.9B | $-493.9M | ||
| Q4 24 | $2.9B | $-455.7M | ||
| Q3 24 | $2.4B | $-386.1M | ||
| Q2 24 | $1.9B | $-338.6M | ||
| Q1 24 | $1.7B | $-296.8M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $1.2B | ||
| Q2 25 | $4.7B | $1.2B | ||
| Q1 25 | $3.9B | $1.3B | ||
| Q4 24 | $3.4B | $1.3B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.3B | $1.4B |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.36× | — |
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 | $394.0M | $-14.5M |
| Free Cash FlowOCF − Capex | — | $-16.9M |
| FCF MarginFCF / Revenue | — | -12.1% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | — | ||
| Q3 25 | $100.9M | $-14.5M | ||
| Q2 25 | $100.8M | $-26.9M | ||
| Q1 25 | $71.4M | $-13.2M | ||
| Q4 24 | $244.3M | $-10.4M | ||
| Q3 24 | $67.2M | $-3.2M | ||
| Q2 24 | $53.0M | $-14.2M | ||
| Q1 24 | $48.8M | $-28.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-16.9M | ||
| Q2 25 | — | $-29.3M | ||
| Q1 25 | — | $-17.8M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | — | $-11.1M | ||
| Q2 24 | — | $-24.4M | ||
| Q1 24 | — | $-32.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -12.1% | ||
| Q2 25 | — | -20.0% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | — | -7.6% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -16.1% | ||
| Q1 24 | — | -21.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 3.54× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 4.68× | — | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 4.92× | — | ||
| Q1 24 | 1.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
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% |
