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Side-by-side financial comparison of VAALCO ENERGY INC (EGY) 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 $91.0M, roughly 1.5× VAALCO ENERGY INC). Fat Brands, Inc runs the higher net margin — -41.6% vs -64.4%, a 22.8% gap on every dollar of revenue. On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -25.2%). Over the past eight quarters, VAALCO ENERGY INC's revenue compounded faster (-4.7% CAGR vs -6.1%).

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.

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

EGY vs FAT — Head-to-Head

Bigger by revenue
FAT
FAT
1.5× larger
FAT
$140.0M
$91.0M
EGY
Growing faster (revenue YoY)
FAT
FAT
+22.9% gap
FAT
-2.3%
-25.2%
EGY
Higher net margin
FAT
FAT
22.8% more per $
FAT
-41.6%
-64.4%
EGY
Faster 2-yr revenue CAGR
EGY
EGY
Annualised
EGY
-4.7%
-6.1%
FAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EGY
EGY
FAT
FAT
Revenue
$91.0M
$140.0M
Net Profit
$-58.6M
$-58.2M
Gross Margin
Operating Margin
-71.3%
-12.4%
Net Margin
-64.4%
-41.6%
Revenue YoY
-25.2%
-2.3%
Net Profit YoY
-602.5%
-30.1%
EPS (diluted)
$-0.56
$-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
EGY
EGY
FAT
FAT
Q4 25
$91.0M
Q3 25
$61.0M
$140.0M
Q2 25
$96.9M
$146.8M
Q1 25
$110.3M
$142.0M
Q4 24
$121.7M
$145.3M
Q3 24
$140.3M
$143.4M
Q2 24
$116.8M
$152.0M
Q1 24
$100.2M
$152.0M
Net Profit
EGY
EGY
FAT
FAT
Q4 25
$-58.6M
Q3 25
$1.1M
$-58.2M
Q2 25
$8.4M
$-54.2M
Q1 25
$7.7M
$-46.0M
Q4 24
$11.7M
$-67.4M
Q3 24
$11.0M
$-44.8M
Q2 24
$28.2M
$-39.4M
Q1 24
$7.7M
$-38.3M
Operating Margin
EGY
EGY
FAT
FAT
Q4 25
-71.3%
Q3 25
1.5%
-12.4%
Q2 25
17.7%
-10.6%
Q1 25
23.7%
-6.0%
Q4 24
32.7%
-27.1%
Q3 24
31.4%
-6.2%
Q2 24
17.5%
-1.8%
Q1 24
32.1%
-0.9%
Net Margin
EGY
EGY
FAT
FAT
Q4 25
-64.4%
Q3 25
1.8%
-41.6%
Q2 25
8.6%
-36.9%
Q1 25
7.0%
-32.4%
Q4 24
9.6%
-46.4%
Q3 24
7.8%
-31.2%
Q2 24
24.1%
-25.9%
Q1 24
7.7%
-25.2%
EPS (diluted)
EGY
EGY
FAT
FAT
Q4 25
$-0.56
Q3 25
$0.01
$-3.39
Q2 25
$0.08
$-3.17
Q1 25
$0.07
$-2.73
Q4 24
$0.12
$-4.06
Q3 24
$0.10
$-2.74
Q2 24
$0.27
$-2.43
Q1 24
$0.07
$-2.37

Balance Sheet & Financial Strength

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

Metric
EGY
EGY
FAT
FAT
Cash + ST InvestmentsLiquidity on hand
$58.9M
Total DebtLower is stronger
$60.0M
$1.3B
Stockholders' EquityBook value
$443.5M
$-585.8M
Total Assets
$913.4M
$1.2B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EGY
EGY
FAT
FAT
Q4 25
$58.9M
Q3 25
$24.0M
Q2 25
$67.9M
Q1 25
$40.9M
Q4 24
$82.7M
Q3 24
$89.1M
Q2 24
$62.9M
Q1 24
$113.3M
Total Debt
EGY
EGY
FAT
FAT
Q4 25
$60.0M
Q3 25
$60.0M
$1.3B
Q2 25
$60.0M
$1.3B
Q1 25
$0
$1.3B
Q4 24
$0
$1.3B
Q3 24
$0
$1.2B
Q2 24
$0
$1.2B
Q1 24
$0
$1.2B
Stockholders' Equity
EGY
EGY
FAT
FAT
Q4 25
$443.5M
Q3 25
$505.9M
$-585.8M
Q2 25
$511.6M
$-536.5M
Q1 25
$504.1M
$-493.9M
Q4 24
$501.6M
$-455.7M
Q3 24
$501.0M
$-386.1M
Q2 24
$493.6M
$-338.6M
Q1 24
$472.6M
$-296.8M
Total Assets
EGY
EGY
FAT
FAT
Q4 25
$913.4M
Q3 25
$950.4M
$1.2B
Q2 25
$964.9M
$1.2B
Q1 25
$927.1M
$1.3B
Q4 24
$955.0M
$1.3B
Q3 24
$937.9M
$1.3B
Q2 24
$917.4M
$1.4B
Q1 24
$809.1M
$1.4B
Debt / Equity
EGY
EGY
FAT
FAT
Q4 25
0.14×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
EGY
EGY
FAT
FAT
Operating Cash FlowLast quarter
$145.2M
$-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
EGY
EGY
FAT
FAT
Q4 25
$145.2M
Q3 25
$16.4M
$-14.5M
Q2 25
$18.3M
$-26.9M
Q1 25
$32.7M
$-13.2M
Q4 24
$44.5M
$-10.4M
Q3 24
$47.8M
$-3.2M
Q2 24
$-438.0K
$-14.2M
Q1 24
$21.8M
$-28.4M
Free Cash Flow
EGY
EGY
FAT
FAT
Q4 25
Q3 25
$-16.9M
Q2 25
$-29.3M
Q1 25
$29.7M
$-17.8M
Q4 24
$-11.0M
Q3 24
$-11.1M
Q2 24
$-24.4M
Q1 24
$-32.5M
FCF Margin
EGY
EGY
FAT
FAT
Q4 25
Q3 25
-12.1%
Q2 25
-20.0%
Q1 25
26.9%
-12.5%
Q4 24
-7.6%
Q3 24
-7.7%
Q2 24
-16.1%
Q1 24
-21.4%
Capex Intensity
EGY
EGY
FAT
FAT
Q4 25
Q3 25
1.7%
Q2 25
1.6%
Q1 25
2.7%
3.2%
Q4 24
0.4%
Q3 24
5.5%
Q2 24
6.7%
Q1 24
2.7%
Cash Conversion
EGY
EGY
FAT
FAT
Q4 25
Q3 25
14.94×
Q2 25
2.19×
Q1 25
4.23×
Q4 24
3.82×
Q3 24
4.35×
Q2 24
-0.02×
Q1 24
2.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EGY
EGY

Crude Oil Sales And Purchase Agreements$54.8M60%
Other$31.9M35%
Crude Oil$3.0M3%
Natural Gas Liquids Reserves$1.4M2%

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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