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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $140.0M, roughly 1.7× Fat Brands, Inc). DONEGAL GROUP INC runs the higher net margin — 4.9% vs -41.6%, a 46.5% gap on every dollar of revenue. On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -3.7%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-2.2% CAGR vs -6.1%).
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
DGICA vs FAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $236.0M | $140.0M |
| Net Profit | $11.5M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | — | -12.4% |
| Net Margin | 4.9% | -41.6% |
| Revenue YoY | -3.7% | -2.3% |
| Net Profit YoY | -54.3% | -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.
| Q1 26 | $236.0M | — | ||
| Q4 25 | $239.8M | — | ||
| Q3 25 | $245.9M | $140.0M | ||
| Q2 25 | $247.1M | $146.8M | ||
| Q1 25 | $245.2M | $142.0M | ||
| Q4 24 | $250.0M | $145.3M | ||
| Q3 24 | $251.7M | $143.4M | ||
| Q2 24 | $246.8M | $152.0M |
| Q1 26 | $11.5M | — | ||
| Q4 25 | $17.2M | — | ||
| Q3 25 | $20.1M | $-58.2M | ||
| Q2 25 | $16.9M | $-54.2M | ||
| Q1 25 | $25.2M | $-46.0M | ||
| Q4 24 | $24.0M | $-67.4M | ||
| Q3 24 | $16.8M | $-44.8M | ||
| Q2 24 | $4.2M | $-39.4M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | — | ||
| Q3 25 | 10.2% | -12.4% | ||
| Q2 25 | 8.3% | -10.6% | ||
| Q1 25 | 12.7% | -6.0% | ||
| Q4 24 | 11.9% | -27.1% | ||
| Q3 24 | 8.1% | -6.2% | ||
| Q2 24 | 2.0% | -1.8% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 7.2% | — | ||
| Q3 25 | 8.2% | -41.6% | ||
| Q2 25 | 6.8% | -36.9% | ||
| Q1 25 | 10.3% | -32.4% | ||
| Q4 24 | 9.6% | -46.4% | ||
| Q3 24 | 6.7% | -31.2% | ||
| Q2 24 | 1.7% | -25.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.39 | ||
| Q2 25 | — | $-3.17 | ||
| Q1 25 | — | $-2.73 | ||
| Q4 24 | — | $-4.06 | ||
| Q3 24 | — | $-2.74 | ||
| Q2 24 | — | $-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 | — | — |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $649.1M | $-585.8M |
| Total Assets | $2.4B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | $649.1M | — | ||
| Q4 25 | $640.4M | — | ||
| Q3 25 | $627.4M | $-585.8M | ||
| Q2 25 | $605.7M | $-536.5M | ||
| Q1 25 | $584.7M | $-493.9M | ||
| Q4 24 | $545.8M | $-455.7M | ||
| Q3 24 | $513.4M | $-386.1M | ||
| Q2 24 | $484.1M | $-338.6M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.3B | $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 | $70.2M | — | ||
| Q3 25 | $22.4M | $-14.5M | ||
| Q2 25 | $12.1M | $-26.9M | ||
| Q1 25 | $25.7M | $-13.2M | ||
| Q4 24 | $67.4M | $-10.4M | ||
| Q3 24 | $12.7M | $-3.2M | ||
| Q2 24 | $21.7M | $-14.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 4.08× | — | ||
| Q3 25 | 1.11× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | 2.81× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 5.22× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DGICA
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% |
