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Side-by-side financial comparison of Fat Brands, Inc (FAT) and Groupon, Inc. (GRPN). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $132.7M, roughly 1.1× Groupon, Inc.). Groupon, Inc. runs the higher net margin — 6.0% vs -41.6%, a 47.6% gap on every dollar of revenue. On growth, Groupon, Inc. posted the faster year-over-year revenue change (1.8% vs -2.3%). Groupon, Inc. produced more free cash flow last quarter ($53.0M vs $-16.9M). Over the past eight quarters, Groupon, Inc.'s revenue compounded faster (3.8% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Groupon, Inc. is an American e-commerce marketplace that connects subscribers with local merchants by offering activities, travel, goods, and services in 13 countries.
FAT vs GRPN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $132.7M |
| Net Profit | $-58.2M | $7.9M |
| Gross Margin | — | 90.4% |
| Operating Margin | -12.4% | 4.9% |
| Net Margin | -41.6% | 6.0% |
| Revenue YoY | -2.3% | 1.8% |
| Net Profit YoY | -30.1% | 115.8% |
| EPS (diluted) | $-3.39 | $0.21 |
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 | — | $132.7M | ||
| Q3 25 | $140.0M | $122.8M | ||
| Q2 25 | $146.8M | $125.7M | ||
| Q1 25 | $142.0M | $117.2M | ||
| Q4 24 | $145.3M | $130.4M | ||
| Q3 24 | $143.4M | $114.5M | ||
| Q2 24 | $152.0M | $124.6M | ||
| Q1 24 | $152.0M | $123.1M |
| Q4 25 | — | $7.9M | ||
| Q3 25 | $-58.2M | $-118.4M | ||
| Q2 25 | $-54.2M | $20.3M | ||
| Q1 25 | $-46.0M | $7.2M | ||
| Q4 24 | $-67.4M | $-50.1M | ||
| Q3 24 | $-44.8M | $13.9M | ||
| Q2 24 | $-39.4M | $-10.0M | ||
| Q1 24 | $-38.3M | $-12.3M |
| Q4 25 | — | 90.4% | ||
| Q3 25 | — | 91.1% | ||
| Q2 25 | — | 91.0% | ||
| Q1 25 | — | 90.7% | ||
| Q4 24 | — | 90.6% | ||
| Q3 24 | — | 89.9% | ||
| Q2 24 | — | 90.4% | ||
| Q1 24 | — | 89.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | -12.4% | 1.8% | ||
| Q2 25 | -10.6% | 10.4% | ||
| Q1 25 | -6.0% | 1.6% | ||
| Q4 24 | -27.1% | 2.0% | ||
| Q3 24 | -6.2% | -4.9% | ||
| Q2 24 | -1.8% | 3.5% | ||
| Q1 24 | -0.9% | 6.0% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | -41.6% | -96.4% | ||
| Q2 25 | -36.9% | 16.2% | ||
| Q1 25 | -32.4% | 6.1% | ||
| Q4 24 | -46.4% | -38.4% | ||
| Q3 24 | -31.2% | 12.2% | ||
| Q2 24 | -25.9% | -8.1% | ||
| Q1 24 | -25.2% | -10.0% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | $-3.39 | $-2.92 | ||
| Q2 25 | $-3.17 | $0.46 | ||
| Q1 25 | $-2.73 | $0.17 | ||
| Q4 24 | $-4.06 | $-1.26 | ||
| Q3 24 | $-2.74 | $0.33 | ||
| Q2 24 | $-2.43 | $-0.25 | ||
| Q1 24 | $-2.37 | $-0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $296.1M |
| Total DebtLower is stronger | $1.3B | $342.8M |
| Stockholders' EquityBook value | $-585.8M | $-42.6M |
| Total Assets | $1.2B | $670.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $296.1M | ||
| Q3 25 | — | $238.5M | ||
| Q2 25 | — | $262.6M | ||
| Q1 25 | — | $226.8M | ||
| Q4 24 | — | $228.8M | ||
| Q3 24 | — | $159.7M | ||
| Q2 24 | — | $178.1M | ||
| Q1 24 | — | $158.7M |
| Q4 25 | — | $342.8M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $246.0M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $-42.6M | ||
| Q3 25 | $-585.8M | $-59.6M | ||
| Q2 25 | $-536.5M | $51.2M | ||
| Q1 25 | $-493.9M | $45.5M | ||
| Q4 24 | $-455.7M | $40.8M | ||
| Q3 24 | $-386.1M | $40.0M | ||
| Q2 24 | $-338.6M | $40.2M | ||
| Q1 24 | $-296.8M | $41.2M |
| Q4 25 | — | $670.4M | ||
| Q3 25 | $1.2B | $608.2M | ||
| Q2 25 | $1.2B | $647.4M | ||
| Q1 25 | $1.3B | $608.2M | ||
| Q4 24 | $1.3B | $612.7M | ||
| Q3 24 | $1.3B | $548.0M | ||
| Q2 24 | $1.4B | $572.8M | ||
| Q1 24 | $1.4B | $580.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $56.6M |
| Free Cash FlowOCF − Capex | $-16.9M | $53.0M |
| FCF MarginFCF / Revenue | -12.1% | 40.0% |
| Capex IntensityCapex / Revenue | 1.7% | 2.7% |
| Cash ConversionOCF / Net Profit | — | 7.13× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $49.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $56.6M | ||
| Q3 25 | $-14.5M | $-20.5M | ||
| Q2 25 | $-26.9M | $28.4M | ||
| Q1 25 | $-13.2M | $-22.0K | ||
| Q4 24 | $-10.4M | $67.0M | ||
| Q3 24 | $-3.2M | $-16.3M | ||
| Q2 24 | $-14.2M | $15.3M | ||
| Q1 24 | $-28.4M | $-10.1M |
| Q4 25 | — | $53.0M | ||
| Q3 25 | $-16.9M | $-24.6M | ||
| Q2 25 | $-29.3M | $25.2M | ||
| Q1 25 | $-17.8M | $-3.8M | ||
| Q4 24 | $-11.0M | $63.2M | ||
| Q3 24 | $-11.1M | $-19.7M | ||
| Q2 24 | $-24.4M | $10.8M | ||
| Q1 24 | $-32.5M | $-13.8M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | -12.1% | -20.0% | ||
| Q2 25 | -20.0% | 20.0% | ||
| Q1 25 | -12.5% | -3.2% | ||
| Q4 24 | -7.6% | 48.5% | ||
| Q3 24 | -7.7% | -17.2% | ||
| Q2 24 | -16.1% | 8.7% | ||
| Q1 24 | -21.4% | -11.2% |
| Q4 25 | — | 2.7% | ||
| Q3 25 | 1.7% | 3.3% | ||
| Q2 25 | 1.6% | 2.6% | ||
| Q1 25 | 3.2% | 3.2% | ||
| Q4 24 | 0.4% | 2.9% | ||
| Q3 24 | 5.5% | 3.0% | ||
| Q2 24 | 6.7% | 3.6% | ||
| Q1 24 | 2.7% | 3.0% |
| Q4 25 | — | 7.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.40× | ||
| Q1 25 | — | -0.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1.17× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
GRPN
| Service Local | $94.8M | 71% |
| Other | $35.6M | 27% |
| Service Travel | $2.3M | 2% |
