vs
Side-by-side financial comparison of Fat Brands, Inc (FAT) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $110.0M, roughly 1.3× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -41.6%, a 61.2% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
FAT vs FSUN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $110.0M |
| Net Profit | $-58.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | — |
| Net Margin | -41.6% | 19.6% |
| Revenue YoY | -2.3% | — |
| Net Profit YoY | -30.1% | -8.4% |
| EPS (diluted) | $-3.39 | $0.76 |
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 | — | $110.0M | ||
| Q4 25 | — | $110.2M | ||
| Q3 25 | $140.0M | $107.3M | ||
| Q2 25 | $146.8M | $105.6M | ||
| Q1 25 | $142.0M | $96.2M | ||
| Q4 24 | $145.3M | $98.7M | ||
| Q3 24 | $143.4M | $98.2M | ||
| Q2 24 | $152.0M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | — | $24.8M | ||
| Q3 25 | $-58.2M | $23.2M | ||
| Q2 25 | $-54.2M | $26.4M | ||
| Q1 25 | $-46.0M | $23.6M | ||
| Q4 24 | $-67.4M | $16.4M | ||
| Q3 24 | $-44.8M | $22.4M | ||
| Q2 24 | $-39.4M | $24.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.0% | ||
| Q3 25 | -12.4% | 26.4% | ||
| Q2 25 | -10.6% | 31.2% | ||
| Q1 25 | -6.0% | 30.9% | ||
| Q4 24 | -27.1% | 20.4% | ||
| Q3 24 | -6.2% | 29.1% | ||
| Q2 24 | -1.8% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | — | 22.5% | ||
| Q3 25 | -41.6% | 21.6% | ||
| Q2 25 | -36.9% | 25.0% | ||
| Q1 25 | -32.4% | 24.5% | ||
| Q4 24 | -46.4% | 16.6% | ||
| Q3 24 | -31.2% | 22.8% | ||
| Q2 24 | -25.9% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | — | $0.89 | ||
| Q3 25 | $-3.39 | $0.82 | ||
| Q2 25 | $-3.17 | $0.93 | ||
| Q1 25 | $-2.73 | $0.83 | ||
| Q4 24 | $-4.06 | $0.57 | ||
| Q3 24 | $-2.74 | $0.79 | ||
| Q2 24 | $-2.43 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $413.7M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $1.2B |
| Total Assets | $1.2B | $8.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | — | $652.6M | ||
| Q3 25 | — | $659.9M | ||
| Q2 25 | — | $785.1M | ||
| Q1 25 | — | $621.4M | ||
| Q4 24 | — | $615.9M | ||
| Q3 24 | — | $573.7M | ||
| Q2 24 | — | $535.8M |
| 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 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $-585.8M | $1.1B | ||
| Q2 25 | $-536.5M | $1.1B | ||
| Q1 25 | $-493.9M | $1.1B | ||
| Q4 24 | $-455.7M | $1.0B | ||
| Q3 24 | $-386.1M | $1.0B | ||
| Q2 24 | $-338.6M | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | — | $8.5B | ||
| Q3 25 | $1.2B | $8.5B | ||
| Q2 25 | $1.2B | $8.4B | ||
| Q1 25 | $1.3B | $8.2B | ||
| Q4 24 | $1.3B | $8.1B | ||
| Q3 24 | $1.3B | $8.1B | ||
| Q2 24 | $1.4B | $8.0B |
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 | — | $111.5M | ||
| Q3 25 | $-14.5M | $49.4M | ||
| Q2 25 | $-26.9M | $15.0M | ||
| Q1 25 | $-13.2M | $26.4M | ||
| Q4 24 | $-10.4M | $101.1M | ||
| Q3 24 | $-3.2M | $48.1M | ||
| Q2 24 | $-14.2M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $104.0M | ||
| Q3 25 | $-16.9M | $47.6M | ||
| Q2 25 | $-29.3M | $13.0M | ||
| Q1 25 | $-17.8M | $24.3M | ||
| Q4 24 | $-11.0M | $95.7M | ||
| Q3 24 | $-11.1M | $47.1M | ||
| Q2 24 | $-24.4M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 94.3% | ||
| Q3 25 | -12.1% | 44.4% | ||
| Q2 25 | -20.0% | 12.3% | ||
| Q1 25 | -12.5% | 25.3% | ||
| Q4 24 | -7.6% | 97.0% | ||
| Q3 24 | -7.7% | 47.9% | ||
| Q2 24 | -16.1% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | 1.7% | 1.6% | ||
| Q2 25 | 1.6% | 1.9% | ||
| Q1 25 | 3.2% | 2.1% | ||
| Q4 24 | 0.4% | 5.5% | ||
| Q3 24 | 5.5% | 1.1% | ||
| Q2 24 | 6.7% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
