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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $140.0M, roughly 1.1× Fat Brands, Inc). On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-16.9M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -10.8%).
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
CVGI vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $154.8M | $140.0M |
| Net Profit | — | $-58.2M |
| Gross Margin | 9.7% | — |
| Operating Margin | -1.2% | -12.4% |
| Net Margin | — | -41.6% |
| Revenue YoY | -5.2% | -2.3% |
| Net Profit YoY | — | -30.1% |
| EPS (diluted) | — | $-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 | $154.8M | — | ||
| Q3 25 | $152.5M | $140.0M | ||
| Q2 25 | $172.0M | $146.8M | ||
| Q1 25 | $169.8M | $142.0M | ||
| Q4 24 | $163.3M | $145.3M | ||
| Q3 24 | $171.8M | $143.4M | ||
| Q2 24 | $193.7M | $152.0M | ||
| Q1 24 | $194.6M | $152.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-7.1M | $-58.2M | ||
| Q2 25 | $-4.8M | $-54.2M | ||
| Q1 25 | $-4.3M | $-46.0M | ||
| Q4 24 | — | $-67.4M | ||
| Q3 24 | $9.5M | $-44.8M | ||
| Q2 24 | $-1.6M | $-39.4M | ||
| Q1 24 | $2.9M | $-38.3M |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 10.6% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | -1.2% | — | ||
| Q3 25 | -0.7% | -12.4% | ||
| Q2 25 | 0.5% | -10.6% | ||
| Q1 25 | 0.8% | -6.0% | ||
| Q4 24 | -3.2% | -27.1% | ||
| Q3 24 | -0.6% | -6.2% | ||
| Q2 24 | 0.5% | -1.8% | ||
| Q1 24 | 2.3% | -0.9% |
| Q4 25 | — | — | ||
| Q3 25 | -4.6% | -41.6% | ||
| Q2 25 | -2.8% | -36.9% | ||
| Q1 25 | -2.5% | -32.4% | ||
| Q4 24 | — | -46.4% | ||
| Q3 24 | 5.5% | -31.2% | ||
| Q2 24 | -0.8% | -25.9% | ||
| Q1 24 | 1.5% | -25.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.39 | ||
| Q2 25 | — | $-3.17 | ||
| Q1 25 | — | $-2.73 | ||
| Q4 24 | — | $-4.06 | ||
| Q3 24 | — | $-2.74 | ||
| Q2 24 | $-0.05 | $-2.43 | ||
| Q1 24 | $0.09 | $-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 | — | — |
| Total DebtLower is stronger | $104.9M | $1.3B |
| Stockholders' EquityBook value | $133.4M | $-585.8M |
| Total Assets | $391.7M | $1.2B |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.9M | — | ||
| Q3 25 | $108.2M | $1.3B | ||
| Q2 25 | $118.2M | $1.3B | ||
| Q1 25 | $117.4M | $1.3B | ||
| Q4 24 | $135.5M | $1.3B | ||
| Q3 24 | $128.8M | $1.2B | ||
| Q2 24 | $142.0M | $1.2B | ||
| Q1 24 | $155.7M | $1.2B |
| Q4 25 | $133.4M | — | ||
| Q3 25 | $136.5M | $-585.8M | ||
| Q2 25 | $142.6M | $-536.5M | ||
| Q1 25 | $136.7M | $-493.9M | ||
| Q4 24 | $135.6M | $-455.7M | ||
| Q3 24 | $179.3M | $-386.1M | ||
| Q2 24 | $169.6M | $-338.6M | ||
| Q1 24 | $175.5M | $-296.8M |
| Q4 25 | $391.7M | — | ||
| Q3 25 | $400.3M | $1.2B | ||
| Q2 25 | $429.8M | $1.2B | ||
| Q1 25 | $419.8M | $1.3B | ||
| Q4 24 | $424.6M | $1.3B | ||
| Q3 24 | $495.3M | $1.3B | ||
| Q2 24 | $503.2M | $1.4B | ||
| Q1 24 | $509.2M | $1.4B |
| Q4 25 | 0.79× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.89× | — |
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 | $12.3M | $-14.5M |
| Free Cash FlowOCF − Capex | $8.7M | $-16.9M |
| FCF MarginFCF / Revenue | 5.6% | -12.1% |
| Capex IntensityCapex / Revenue | 2.3% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.0M | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | — | ||
| Q3 25 | $-1.7M | $-14.5M | ||
| Q2 25 | $18.9M | $-26.9M | ||
| Q1 25 | $15.2M | $-13.2M | ||
| Q4 24 | $-26.6M | $-10.4M | ||
| Q3 24 | $-17.1M | $-3.2M | ||
| Q2 24 | $12.6M | $-14.2M | ||
| Q1 24 | $-2.4M | $-28.4M |
| Q4 25 | $8.7M | — | ||
| Q3 25 | $-3.5M | $-16.9M | ||
| Q2 25 | $17.4M | $-29.3M | ||
| Q1 25 | $11.4M | $-17.8M | ||
| Q4 24 | $-30.6M | $-11.0M | ||
| Q3 24 | $-20.3M | $-11.1M | ||
| Q2 24 | $6.4M | $-24.4M | ||
| Q1 24 | $-7.4M | $-32.5M |
| Q4 25 | 5.6% | — | ||
| Q3 25 | -2.3% | -12.1% | ||
| Q2 25 | 10.1% | -20.0% | ||
| Q1 25 | 6.7% | -12.5% | ||
| Q4 24 | -18.7% | -7.6% | ||
| Q3 24 | -11.8% | -7.7% | ||
| Q2 24 | 3.3% | -16.1% | ||
| Q1 24 | -3.8% | -21.4% |
| Q4 25 | 2.3% | — | ||
| Q3 25 | 1.2% | 1.7% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 2.2% | 3.2% | ||
| Q4 24 | 2.4% | 0.4% | ||
| Q3 24 | 1.9% | 5.5% | ||
| Q2 24 | 3.2% | 6.7% | ||
| Q1 24 | 2.6% | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
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% |
