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Side-by-side financial comparison of ENNIS, INC. (EBF) 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 $100.2M, roughly 1.4× ENNIS, INC.). ENNIS, INC. runs the higher net margin — 10.8% vs -41.6%, a 52.4% gap on every dollar of revenue. On growth, ENNIS, INC. posted the faster year-over-year revenue change (0.4% vs -2.3%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-16.9M). Over the past eight quarters, ENNIS, INC.'s revenue compounded faster (1.4% CAGR vs -6.1%).
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
EBF vs FAT — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $100.2M | $140.0M |
| Net Profit | $10.8M | $-58.2M |
| Gross Margin | 31.9% | — |
| Operating Margin | 15.0% | -12.4% |
| Net Margin | 10.8% | -41.6% |
| Revenue YoY | 0.4% | -2.3% |
| Net Profit YoY | 6.1% | -30.1% |
| EPS (diluted) | $0.42 | $-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 | $100.2M | — | ||
| Q3 25 | $98.7M | $140.0M | ||
| Q2 25 | $97.2M | $146.8M | ||
| Q1 25 | $92.7M | $142.0M | ||
| Q4 24 | $99.8M | $145.3M | ||
| Q3 24 | $99.0M | $143.4M | ||
| Q2 24 | $103.1M | $152.0M | ||
| Q1 24 | $97.4M | $152.0M |
| Q4 25 | $10.8M | — | ||
| Q3 25 | $13.2M | $-58.2M | ||
| Q2 25 | $9.8M | $-54.2M | ||
| Q1 25 | $9.0M | $-46.0M | ||
| Q4 24 | $10.2M | $-67.4M | ||
| Q3 24 | $10.3M | $-44.8M | ||
| Q2 24 | $10.7M | $-39.4M | ||
| Q1 24 | $10.1M | $-38.3M |
| Q4 25 | 31.9% | — | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 30.0% | — | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 15.0% | — | ||
| Q3 25 | 12.5% | -12.4% | ||
| Q2 25 | 13.7% | -10.6% | ||
| Q1 25 | 13.0% | -6.0% | ||
| Q4 24 | 13.1% | -27.1% | ||
| Q3 24 | 13.3% | -6.2% | ||
| Q2 24 | 13.3% | -1.8% | ||
| Q1 24 | 13.3% | -0.9% |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 13.3% | -41.6% | ||
| Q2 25 | 10.1% | -36.9% | ||
| Q1 25 | 9.7% | -32.4% | ||
| Q4 24 | 10.2% | -46.4% | ||
| Q3 24 | 10.4% | -31.2% | ||
| Q2 24 | 10.4% | -25.9% | ||
| Q1 24 | 10.4% | -25.2% |
| Q4 25 | $0.42 | — | ||
| Q3 25 | $0.51 | $-3.39 | ||
| Q2 25 | $0.38 | $-3.17 | ||
| Q1 25 | $0.34 | $-2.73 | ||
| Q4 24 | $0.39 | $-4.06 | ||
| Q3 24 | $0.40 | $-2.74 | ||
| Q2 24 | $0.41 | $-2.43 | ||
| Q1 24 | $0.39 | $-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 | $31.3M | — |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $304.8M | $-585.8M |
| Total Assets | $354.3M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.3M | — | ||
| Q3 25 | $31.9M | — | ||
| Q2 25 | $32.6M | — | ||
| Q1 25 | $72.5M | — | ||
| Q4 24 | $68.6M | — | ||
| Q3 24 | $122.6M | — | ||
| Q2 24 | $123.7M | — | ||
| Q1 24 | $110.9M | — |
| 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 24 | — | $1.2B |
| Q4 25 | $304.8M | — | ||
| Q3 25 | $305.4M | $-585.8M | ||
| Q2 25 | $301.2M | $-536.5M | ||
| Q1 25 | $302.0M | $-493.9M | ||
| Q4 24 | $297.7M | $-455.7M | ||
| Q3 24 | $358.4M | $-386.1M | ||
| Q2 24 | $354.4M | $-338.6M | ||
| Q1 24 | $349.8M | $-296.8M |
| Q4 25 | $354.3M | — | ||
| Q3 25 | $361.8M | $1.2B | ||
| Q2 25 | $361.7M | $1.2B | ||
| Q1 25 | $348.9M | $1.3B | ||
| Q4 24 | $346.1M | $1.3B | ||
| Q3 24 | $406.8M | $1.3B | ||
| Q2 24 | $406.2M | $1.4B | ||
| Q1 24 | $399.2M | $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 | $16.4M | $-14.5M |
| Free Cash FlowOCF − Capex | $15.7M | $-16.9M |
| FCF MarginFCF / Revenue | 15.7% | -12.1% |
| Capex IntensityCapex / Revenue | 0.7% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.5M | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.4M | — | ||
| Q3 25 | $10.5M | $-14.5M | ||
| Q2 25 | $8.0M | $-26.9M | ||
| Q1 25 | $12.8M | $-13.2M | ||
| Q4 24 | $18.2M | $-10.4M | ||
| Q3 24 | $11.8M | $-3.2M | ||
| Q2 24 | $23.1M | $-14.2M | ||
| Q1 24 | $16.6M | $-28.4M |
| Q4 25 | $15.7M | — | ||
| Q3 25 | $9.0M | $-16.9M | ||
| Q2 25 | $6.6M | $-29.3M | ||
| Q1 25 | $11.1M | $-17.8M | ||
| Q4 24 | $17.5M | $-11.0M | ||
| Q3 24 | $10.7M | $-11.1M | ||
| Q2 24 | $20.6M | $-24.4M | ||
| Q1 24 | $15.0M | $-32.5M |
| Q4 25 | 15.7% | — | ||
| Q3 25 | 9.2% | -12.1% | ||
| Q2 25 | 6.8% | -20.0% | ||
| Q1 25 | 12.0% | -12.5% | ||
| Q4 24 | 17.6% | -7.6% | ||
| Q3 24 | 10.8% | -7.7% | ||
| Q2 24 | 20.0% | -16.1% | ||
| Q1 24 | 15.3% | -21.4% |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | 1.7% | ||
| Q2 25 | 1.4% | 1.6% | ||
| Q1 25 | 1.8% | 3.2% | ||
| Q4 24 | 0.6% | 0.4% | ||
| Q3 24 | 1.1% | 5.5% | ||
| Q2 24 | 2.4% | 6.7% | ||
| Q1 24 | 1.7% | 2.7% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 1.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBF
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% |
