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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
Employers Holdings, Inc. is the larger business by last-quarter revenue ($170.5M vs $140.0M, roughly 1.2× Fat Brands, Inc). On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -21.3%). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -11.4%).
Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
EIG vs FAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $170.5M | $140.0M |
| Net Profit | — | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | — | -12.4% |
| Net Margin | — | -41.6% |
| Revenue YoY | -21.3% | -2.3% |
| Net Profit YoY | — | -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 | $170.5M | — | ||
| Q4 25 | $188.5M | — | ||
| Q3 25 | $239.3M | $140.0M | ||
| Q2 25 | $246.3M | $146.8M | ||
| Q1 25 | $202.6M | $142.0M | ||
| Q4 24 | $216.6M | $145.3M | ||
| Q3 24 | $224.0M | $143.4M | ||
| Q2 24 | $217.0M | $152.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-8.3M | $-58.2M | ||
| Q2 25 | $29.7M | $-54.2M | ||
| Q1 25 | $12.8M | $-46.0M | ||
| Q4 24 | — | $-67.4M | ||
| Q3 24 | $30.3M | $-44.8M | ||
| Q2 24 | $31.7M | $-39.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -4.7% | -12.4% | ||
| Q2 25 | 15.0% | -10.6% | ||
| Q1 25 | 7.8% | -6.0% | ||
| Q4 24 | — | -27.1% | ||
| Q3 24 | 16.4% | -6.2% | ||
| Q2 24 | 18.4% | -1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -3.5% | -41.6% | ||
| Q2 25 | 12.1% | -36.9% | ||
| Q1 25 | 6.3% | -32.4% | ||
| Q4 24 | — | -46.4% | ||
| Q3 24 | 13.5% | -31.2% | ||
| Q2 24 | 14.6% | -25.9% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-0.36 | $-3.39 | ||
| Q2 25 | $1.23 | $-3.17 | ||
| Q1 25 | $0.52 | $-2.73 | ||
| Q4 24 | $1.14 | $-4.06 | ||
| Q3 24 | $1.21 | $-2.74 | ||
| Q2 24 | $1.25 | $-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 | $169.9M | — |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $955.7M | $-585.8M |
| Total Assets | $3.4B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $169.9M | — | ||
| Q4 25 | $169.9M | — | ||
| Q3 25 | $172.4M | — | ||
| Q2 25 | $78.1M | — | ||
| Q1 25 | $100.4M | — | ||
| Q4 24 | $68.4M | — | ||
| Q3 24 | $173.9M | — | ||
| Q2 24 | $126.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $19.0M | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $0 | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | $955.7M | — | ||
| Q4 25 | $955.7M | — | ||
| Q3 25 | $1.0B | $-585.8M | ||
| Q2 25 | $1.1B | $-536.5M | ||
| Q1 25 | $1.1B | $-493.9M | ||
| Q4 24 | $1.1B | $-455.7M | ||
| Q3 24 | $1.1B | $-386.1M | ||
| Q2 24 | $1.0B | $-338.6M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.5B | $1.2B | ||
| Q2 25 | $3.5B | $1.2B | ||
| Q1 25 | $3.6B | $1.3B | ||
| Q4 24 | $3.5B | $1.3B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.5B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $44.7M | — | ||
| Q3 25 | $29.4M | $-14.5M | ||
| Q2 25 | $0 | $-26.9M | ||
| Q1 25 | $14.6M | $-13.2M | ||
| Q4 24 | $76.4M | $-10.4M | ||
| Q3 24 | $51.0M | $-3.2M | ||
| Q2 24 | $11.7M | $-14.2M |
| Q1 26 | — | — | ||
| Q4 25 | $44.6M | — | ||
| Q3 25 | — | $-16.9M | ||
| Q2 25 | — | $-29.3M | ||
| Q1 25 | — | $-17.8M | ||
| Q4 24 | $76.3M | $-11.0M | ||
| Q3 24 | — | $-11.1M | ||
| Q2 24 | — | $-24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | — | ||
| Q3 25 | — | -12.1% | ||
| Q2 25 | — | -20.0% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | 35.2% | -7.6% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -16.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 0.0% | 0.4% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 0.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIG
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% |
