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Side-by-side financial comparison of DigitalBridge Group, Inc. (DBRG) 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 $105.7M, roughly 1.3× DigitalBridge Group, Inc.). DigitalBridge Group, Inc. runs the higher net margin — 61.5% vs -41.6%, a 103.1% gap on every dollar of revenue. On growth, DigitalBridge Group, Inc. posted the faster year-over-year revenue change (4.1% vs -2.3%). DigitalBridge Group, Inc. produced more free cash flow last quarter ($258.0M vs $-16.9M). Over the past eight quarters, DigitalBridge Group, Inc.'s revenue compounded faster (19.2% CAGR vs -6.1%).

DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has offices in Los Angeles, New York, Denver, London, and Singapore. As of June 2025, DigitalBridge had US$106 billion of assets under management.

FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.

DBRG vs FAT — Head-to-Head

Bigger by revenue
FAT
FAT
1.3× larger
FAT
$140.0M
$105.7M
DBRG
Growing faster (revenue YoY)
DBRG
DBRG
+6.5% gap
DBRG
4.1%
-2.3%
FAT
Higher net margin
DBRG
DBRG
103.1% more per $
DBRG
61.5%
-41.6%
FAT
More free cash flow
DBRG
DBRG
$274.9M more FCF
DBRG
$258.0M
$-16.9M
FAT
Faster 2-yr revenue CAGR
DBRG
DBRG
Annualised
DBRG
19.2%
-6.1%
FAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DBRG
DBRG
FAT
FAT
Revenue
$105.7M
$140.0M
Net Profit
$65.1M
$-58.2M
Gross Margin
Operating Margin
-12.4%
Net Margin
61.5%
-41.6%
Revenue YoY
4.1%
-2.3%
Net Profit YoY
-30.1%
EPS (diluted)
$0.28
$-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.

Revenue
DBRG
DBRG
FAT
FAT
Q4 25
$105.7M
Q3 25
$93.3M
$140.0M
Q2 25
$85.3M
$146.8M
Q1 25
$90.1M
$142.0M
Q4 24
$101.6M
$145.3M
Q3 24
$76.6M
$143.4M
Q2 24
$390.3M
$152.0M
Q1 24
$74.4M
$152.0M
Net Profit
DBRG
DBRG
FAT
FAT
Q4 25
$65.1M
Q3 25
$31.4M
$-58.2M
Q2 25
$31.6M
$-54.2M
Q1 25
$13.8M
$-46.0M
Q4 24
$-67.4M
Q3 24
$13.8M
$-44.8M
Q2 24
$91.4M
$-39.4M
Q1 24
$-29.6M
$-38.3M
Operating Margin
DBRG
DBRG
FAT
FAT
Q4 25
Q3 25
-13.9%
-12.4%
Q2 25
-31.2%
-10.6%
Q1 25
-11.5%
-6.0%
Q4 24
5.7%
-27.1%
Q3 24
62.4%
-6.2%
Q2 24
33.5%
-1.8%
Q1 24
-20.7%
-0.9%
Net Margin
DBRG
DBRG
FAT
FAT
Q4 25
61.5%
Q3 25
33.7%
-41.6%
Q2 25
37.1%
-36.9%
Q1 25
15.3%
-32.4%
Q4 24
-46.4%
Q3 24
18.0%
-31.2%
Q2 24
23.4%
-25.9%
Q1 24
-39.8%
-25.2%
EPS (diluted)
DBRG
DBRG
FAT
FAT
Q4 25
$0.28
Q3 25
$0.09
$-3.39
Q2 25
$0.10
$-3.17
Q1 25
$-0.01
$-2.73
Q4 24
$-4.06
Q3 24
$-0.01
$-2.74
Q2 24
$0.44
$-2.43
Q1 24
$-0.28
$-2.37

Balance Sheet & Financial Strength

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

Metric
DBRG
DBRG
FAT
FAT
Cash + ST InvestmentsLiquidity on hand
$382.5M
Total DebtLower is stronger
$298.8M
$1.3B
Stockholders' EquityBook value
$2.1B
$-585.8M
Total Assets
$3.4B
$1.2B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBRG
DBRG
FAT
FAT
Q4 25
$382.5M
Q3 25
$358.4M
Q2 25
$340.7M
Q1 25
$349.9M
Q4 24
$302.2M
Q3 24
$294.4M
Q2 24
$261.2M
Q1 24
$247.4M
Total Debt
DBRG
DBRG
FAT
FAT
Q4 25
$298.8M
Q3 25
$327.9M
$1.3B
Q2 25
$298.0M
$1.3B
Q1 25
$296.9M
$1.3B
Q4 24
$296.4M
$1.3B
Q3 24
$295.8M
$1.2B
Q2 24
$295.3M
$1.2B
Q1 24
$366.5M
$1.2B
Stockholders' Equity
DBRG
DBRG
FAT
FAT
Q4 25
$2.1B
Q3 25
$2.1B
$-585.8M
Q2 25
$2.0B
$-536.5M
Q1 25
$2.0B
$-493.9M
Q4 24
$2.0B
$-455.7M
Q3 24
$2.0B
$-386.1M
Q2 24
$2.0B
$-338.6M
Q1 24
$1.8B
$-296.8M
Total Assets
DBRG
DBRG
FAT
FAT
Q4 25
$3.4B
Q3 25
$3.5B
$1.2B
Q2 25
$3.4B
$1.2B
Q1 25
$3.4B
$1.3B
Q4 24
$3.5B
$1.3B
Q3 24
$3.5B
$1.3B
Q2 24
$3.5B
$1.4B
Q1 24
$3.5B
$1.4B
Debt / Equity
DBRG
DBRG
FAT
FAT
Q4 25
0.14×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.20×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DBRG
DBRG
FAT
FAT
Operating Cash FlowLast quarter
$259.3M
$-14.5M
Free Cash FlowOCF − Capex
$258.0M
$-16.9M
FCF MarginFCF / Revenue
244.0%
-12.1%
Capex IntensityCapex / Revenue
1.3%
1.7%
Cash ConversionOCF / Net Profit
3.99×
TTM Free Cash FlowTrailing 4 quarters
$440.5M
$-75.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBRG
DBRG
FAT
FAT
Q4 25
$259.3M
Q3 25
$56.5M
$-14.5M
Q2 25
$77.0M
$-26.9M
Q1 25
$50.3M
$-13.2M
Q4 24
$60.1M
$-10.4M
Q3 24
$35.9M
$-3.2M
Q2 24
$22.5M
$-14.2M
Q1 24
$-27.0M
$-28.4M
Free Cash Flow
DBRG
DBRG
FAT
FAT
Q4 25
$258.0M
Q3 25
$56.1M
$-16.9M
Q2 25
$76.4M
$-29.3M
Q1 25
$50.0M
$-17.8M
Q4 24
$56.5M
$-11.0M
Q3 24
$-11.1M
Q2 24
$22.3M
$-24.4M
Q1 24
$-30.1M
$-32.5M
FCF Margin
DBRG
DBRG
FAT
FAT
Q4 25
244.0%
Q3 25
60.2%
-12.1%
Q2 25
89.5%
-20.0%
Q1 25
55.5%
-12.5%
Q4 24
55.7%
-7.6%
Q3 24
-7.7%
Q2 24
5.7%
-16.1%
Q1 24
-40.4%
-21.4%
Capex Intensity
DBRG
DBRG
FAT
FAT
Q4 25
1.3%
Q3 25
0.4%
1.7%
Q2 25
0.7%
1.6%
Q1 25
0.3%
3.2%
Q4 24
3.5%
0.4%
Q3 24
0.0%
5.5%
Q2 24
0.1%
6.7%
Q1 24
4.1%
2.7%
Cash Conversion
DBRG
DBRG
FAT
FAT
Q4 25
3.99×
Q3 25
1.80×
Q2 25
2.43×
Q1 25
3.65×
Q4 24
Q3 24
2.61×
Q2 24
0.25×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DBRG
DBRG

Segment breakdown not available.

FAT
FAT

Restaurant Sales$96.6M69%
Royalty$21.6M15%
Factory$9.6M7%
Advertising$9.1M7%
Franchisor$1.5M1%
Other$1.5M1%

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