vs

Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.

DiamondRock Hospitality Co is the larger business by last-quarter revenue ($258.2M vs $140.0M, roughly 1.8× Fat Brands, Inc). DiamondRock Hospitality Co runs the higher net margin — 5.6% vs -41.6%, a 47.2% gap on every dollar of revenue. On growth, DiamondRock Hospitality Co posted the faster year-over-year revenue change (1.3% vs -2.3%). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -8.6%).

DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.

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

DRH vs FAT — Head-to-Head

Bigger by revenue
DRH
DRH
1.8× larger
DRH
$258.2M
$140.0M
FAT
Growing faster (revenue YoY)
DRH
DRH
+3.6% gap
DRH
1.3%
-2.3%
FAT
Higher net margin
DRH
DRH
47.2% more per $
DRH
5.6%
-41.6%
FAT
Faster 2-yr revenue CAGR
FAT
FAT
Annualised
FAT
-6.1%
-8.6%
DRH

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
DRH
DRH
FAT
FAT
Revenue
$258.2M
$140.0M
Net Profit
$14.5M
$-58.2M
Gross Margin
Operating Margin
11.1%
-12.4%
Net Margin
5.6%
-41.6%
Revenue YoY
1.3%
-2.3%
Net Profit YoY
22.0%
-30.1%
EPS (diluted)
$0.07
$-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
DRH
DRH
FAT
FAT
Q1 26
$258.2M
Q4 25
$274.5M
Q3 25
$285.4M
$140.0M
Q2 25
$305.7M
$146.8M
Q1 25
$254.9M
$142.0M
Q4 24
$279.1M
$145.3M
Q3 24
$285.1M
$143.4M
Q2 24
$309.3M
$152.0M
Net Profit
DRH
DRH
FAT
FAT
Q1 26
$14.5M
Q4 25
$26.2M
Q3 25
$22.5M
$-58.2M
Q2 25
$40.8M
$-54.2M
Q1 25
$11.9M
$-46.0M
Q4 24
$-11.2M
$-67.4M
Q3 24
$26.4M
$-44.8M
Q2 24
$24.5M
$-39.4M
Operating Margin
DRH
DRH
FAT
FAT
Q1 26
11.1%
Q4 25
8.9%
Q3 25
8.1%
-12.4%
Q2 25
13.7%
-10.6%
Q1 25
4.3%
-6.0%
Q4 24
-3.7%
-27.1%
Q3 24
9.5%
-6.2%
Q2 24
8.4%
-1.8%
Net Margin
DRH
DRH
FAT
FAT
Q1 26
5.6%
Q4 25
9.5%
Q3 25
7.9%
-41.6%
Q2 25
13.4%
-36.9%
Q1 25
4.7%
-32.4%
Q4 24
-4.0%
-46.4%
Q3 24
9.3%
-31.2%
Q2 24
7.9%
-25.9%
EPS (diluted)
DRH
DRH
FAT
FAT
Q1 26
$0.07
Q4 25
$0.12
Q3 25
$0.10
$-3.39
Q2 25
$0.18
$-3.17
Q1 25
$0.04
$-2.73
Q4 24
$-0.06
$-4.06
Q3 24
$0.11
$-2.74
Q2 24
$0.10
$-2.43

Balance Sheet & Financial Strength

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

Metric
DRH
DRH
FAT
FAT
Cash + ST InvestmentsLiquidity on hand
$39.3M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$1.4B
$-585.8M
Total Assets
$3.0B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRH
DRH
FAT
FAT
Q1 26
$39.3M
Q4 25
$68.1M
Q3 25
$145.3M
Q2 25
$52.4M
Q1 25
$100.6M
Q4 24
$81.4M
Q3 24
$75.3M
Q2 24
$125.2M
Total Debt
DRH
DRH
FAT
FAT
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
$1.3B
Q2 25
$1.0B
$1.3B
Q1 25
$1.1B
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$1.2B
$1.2B
Stockholders' Equity
DRH
DRH
FAT
FAT
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.6B
$-585.8M
Q2 25
$1.6B
$-536.5M
Q1 25
$1.6B
$-493.9M
Q4 24
$1.6B
$-455.7M
Q3 24
$1.6B
$-386.1M
Q2 24
$1.6B
$-338.6M
Total Assets
DRH
DRH
FAT
FAT
Q1 26
$3.0B
Q4 25
$3.0B
Q3 25
$3.1B
$1.2B
Q2 25
$3.1B
$1.2B
Q1 25
$3.1B
$1.3B
Q4 24
$3.2B
$1.3B
Q3 24
$3.2B
$1.3B
Q2 24
$3.2B
$1.4B
Debt / Equity
DRH
DRH
FAT
FAT
Q1 26
Q4 25
0.76×
Q3 25
0.70×
Q2 25
0.65×
Q1 25
0.70×
Q4 24
0.69×
Q3 24
0.67×
Q2 24
0.71×

Cash Flow & Capital Efficiency

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

Metric
DRH
DRH
FAT
FAT
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.

Operating Cash Flow
DRH
DRH
FAT
FAT
Q1 26
Q4 25
$67.9M
Q3 25
$74.6M
$-14.5M
Q2 25
$73.6M
$-26.9M
Q1 25
$27.6M
$-13.2M
Q4 24
$75.8M
$-10.4M
Q3 24
$61.7M
$-3.2M
Q2 24
$55.7M
$-14.2M
Free Cash Flow
DRH
DRH
FAT
FAT
Q1 26
Q4 25
$47.3M
Q3 25
$54.9M
$-16.9M
Q2 25
$57.9M
$-29.3M
Q1 25
$2.0M
$-17.8M
Q4 24
$52.6M
$-11.0M
Q3 24
$39.0M
$-11.1M
Q2 24
$38.8M
$-24.4M
FCF Margin
DRH
DRH
FAT
FAT
Q1 26
Q4 25
17.2%
Q3 25
19.2%
-12.1%
Q2 25
18.9%
-20.0%
Q1 25
0.8%
-12.5%
Q4 24
18.9%
-7.6%
Q3 24
13.7%
-7.7%
Q2 24
12.5%
-16.1%
Capex Intensity
DRH
DRH
FAT
FAT
Q1 26
Q4 25
7.5%
Q3 25
6.9%
1.7%
Q2 25
5.1%
1.6%
Q1 25
10.0%
3.2%
Q4 24
8.3%
0.4%
Q3 24
7.9%
5.5%
Q2 24
5.5%
6.7%
Cash Conversion
DRH
DRH
FAT
FAT
Q1 26
Q4 25
2.59×
Q3 25
3.31×
Q2 25
1.80×
Q1 25
2.33×
Q4 24
Q3 24
2.33×
Q2 24
2.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DRH
DRH

Rooms$164.1M64%
Food and beverage$67.2M26%
Other$26.9M10%

FAT
FAT

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

Related Comparisons