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Side-by-side financial comparison of Fat Brands, Inc (FAT) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $72.0M, roughly 1.9× Globalstar, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -41.6%, a 25.4% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -2.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
FAT vs GSAT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $72.0M |
| Net Profit | $-58.2M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | -0.5% |
| Net Margin | -41.6% | -16.1% |
| Revenue YoY | -2.3% | 17.6% |
| Net Profit YoY | -30.1% | 76.9% |
| EPS (diluted) | $-3.39 | $-0.11 |
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 | — | $72.0M | ||
| Q3 25 | $140.0M | $73.8M | ||
| Q2 25 | $146.8M | $67.1M | ||
| Q1 25 | $142.0M | $60.0M | ||
| Q4 24 | $145.3M | $61.2M | ||
| Q3 24 | $143.4M | $72.3M | ||
| Q2 24 | $152.0M | $60.4M | ||
| Q1 24 | $152.0M | $56.5M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $-58.2M | $1.1M | ||
| Q2 25 | $-54.2M | $19.2M | ||
| Q1 25 | $-46.0M | $-17.3M | ||
| Q4 24 | $-67.4M | $-50.2M | ||
| Q3 24 | $-44.8M | $9.9M | ||
| Q2 24 | $-39.4M | $-9.7M | ||
| Q1 24 | $-38.3M | $-13.2M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | -12.4% | 13.8% | ||
| Q2 25 | -10.6% | 9.2% | ||
| Q1 25 | -6.0% | -14.2% | ||
| Q4 24 | -27.1% | -6.9% | ||
| Q3 24 | -6.2% | 13.0% | ||
| Q2 24 | -1.8% | -2.4% | ||
| Q1 24 | -0.9% | -8.3% |
| Q4 25 | — | -16.1% | ||
| Q3 25 | -41.6% | 1.5% | ||
| Q2 25 | -36.9% | 28.6% | ||
| Q1 25 | -32.4% | -28.9% | ||
| Q4 24 | -46.4% | -82.1% | ||
| Q3 24 | -31.2% | 13.7% | ||
| Q2 24 | -25.9% | -16.0% | ||
| Q1 24 | -25.2% | -23.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $-3.39 | $-0.01 | ||
| Q2 25 | $-3.17 | $0.13 | ||
| Q1 25 | $-2.73 | $-0.16 | ||
| Q4 24 | $-4.06 | $-0.57 | ||
| Q3 24 | $-2.74 | $0.00 | ||
| Q2 24 | $-2.43 | $-0.01 | ||
| Q1 24 | $-2.37 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $447.5M |
| Total DebtLower is stronger | $1.3B | $483.8M |
| Stockholders' EquityBook value | $-585.8M | $355.7M |
| Total Assets | $1.2B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $447.5M | ||
| Q3 25 | — | $346.3M | ||
| Q2 25 | — | $308.2M | ||
| Q1 25 | — | $241.4M | ||
| Q4 24 | — | $391.2M | ||
| Q3 24 | — | $51.9M | ||
| Q2 24 | — | $64.3M | ||
| Q1 24 | — | $59.3M |
| Q4 25 | — | $483.8M | ||
| Q3 25 | $1.3B | $508.6M | ||
| Q2 25 | $1.3B | $491.5M | ||
| Q1 25 | $1.3B | $502.7M | ||
| Q4 24 | $1.3B | $511.4M | ||
| Q3 24 | $1.2B | $394.4M | ||
| Q2 24 | $1.2B | $393.1M | ||
| Q1 24 | $1.2B | $398.7M |
| Q4 25 | — | $355.7M | ||
| Q3 25 | $-585.8M | $364.8M | ||
| Q2 25 | $-536.5M | $360.9M | ||
| Q1 25 | $-493.9M | $344.3M | ||
| Q4 24 | $-455.7M | $358.9M | ||
| Q3 24 | $-386.1M | $394.1M | ||
| Q2 24 | $-338.6M | $383.0M | ||
| Q1 24 | $-296.8M | $377.1M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $917.6M | ||
| Q2 24 | $1.4B | $926.2M | ||
| Q1 24 | $1.4B | $917.0M |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $175.9M |
| 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.
| Q4 25 | — | $175.9M | ||
| Q3 25 | $-14.5M | $236.0M | ||
| Q2 25 | $-26.9M | $157.9M | ||
| Q1 25 | $-13.2M | $51.9M | ||
| Q4 24 | $-10.4M | $340.7M | ||
| Q3 24 | $-3.2M | $32.0M | ||
| Q2 24 | $-14.2M | $36.7M | ||
| Q1 24 | $-28.4M | $29.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-16.9M | — | ||
| Q2 25 | $-29.3M | — | ||
| Q1 25 | $-17.8M | — | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | $-11.1M | — | ||
| Q2 24 | $-24.4M | — | ||
| Q1 24 | $-32.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | -12.1% | — | ||
| Q2 25 | -20.0% | — | ||
| Q1 25 | -12.5% | — | ||
| Q4 24 | -7.6% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -16.1% | — | ||
| Q1 24 | -21.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| 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% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
