vs
Side-by-side financial comparison of Fat Brands, Inc (FAT) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $71.2M, roughly 2.0× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -41.6%, a 71.4% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs -2.3%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-16.9M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
FAT vs HAFC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $71.2M |
| Net Profit | $-58.2M | $21.2M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | 29.8% |
| Net Margin | -41.6% | 29.8% |
| Revenue YoY | -2.3% | 17.1% |
| Net Profit YoY | -30.1% | 20.0% |
| EPS (diluted) | $-3.39 | $0.70 |
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 | — | $71.2M | ||
| Q3 25 | $140.0M | $71.0M | ||
| Q2 25 | $146.8M | $65.2M | ||
| Q1 25 | $142.0M | $62.8M | ||
| Q4 24 | $145.3M | $60.8M | ||
| Q3 24 | $143.4M | $58.5M | ||
| Q2 24 | $152.0M | $56.7M | ||
| Q1 24 | $152.0M | $58.4M |
| Q4 25 | — | $21.2M | ||
| Q3 25 | $-58.2M | $22.1M | ||
| Q2 25 | $-54.2M | $15.1M | ||
| Q1 25 | $-46.0M | $17.7M | ||
| Q4 24 | $-67.4M | $17.7M | ||
| Q3 24 | $-44.8M | $14.9M | ||
| Q2 24 | $-39.4M | $14.5M | ||
| Q1 24 | $-38.3M | $15.2M |
| Q4 25 | — | 29.8% | ||
| Q3 25 | -12.4% | 31.1% | ||
| Q2 25 | -10.6% | 23.2% | ||
| Q1 25 | -6.0% | 28.1% | ||
| Q4 24 | -27.1% | 29.1% | ||
| Q3 24 | -6.2% | 25.5% | ||
| Q2 24 | -1.8% | 25.5% | ||
| Q1 24 | -0.9% | 26.0% |
| Q4 25 | — | 29.8% | ||
| Q3 25 | -41.6% | 31.1% | ||
| Q2 25 | -36.9% | 23.2% | ||
| Q1 25 | -32.4% | 28.1% | ||
| Q4 24 | -46.4% | 29.1% | ||
| Q3 24 | -31.2% | 25.5% | ||
| Q2 24 | -25.9% | 25.5% | ||
| Q1 24 | -25.2% | 26.0% |
| Q4 25 | — | $0.70 | ||
| Q3 25 | $-3.39 | $0.73 | ||
| Q2 25 | $-3.17 | $0.50 | ||
| Q1 25 | $-2.73 | $0.58 | ||
| Q4 24 | $-4.06 | $0.58 | ||
| Q3 24 | $-2.74 | $0.49 | ||
| Q2 24 | $-2.43 | $0.48 | ||
| Q1 24 | $-2.37 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $796.4M |
| Total Assets | $1.2B | $7.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $1.2B | — |
| Q4 25 | — | $796.4M | ||
| Q3 25 | $-585.8M | $779.5M | ||
| Q2 25 | $-536.5M | $762.8M | ||
| Q1 25 | $-493.9M | $751.5M | ||
| Q4 24 | $-455.7M | $732.2M | ||
| Q3 24 | $-386.1M | $736.7M | ||
| Q2 24 | $-338.6M | $707.1M | ||
| Q1 24 | $-296.8M | $703.1M |
| Q4 25 | — | $7.9B | ||
| Q3 25 | $1.2B | $7.9B | ||
| Q2 25 | $1.2B | $7.9B | ||
| Q1 25 | $1.3B | $7.7B | ||
| Q4 24 | $1.3B | $7.7B | ||
| Q3 24 | $1.3B | $7.7B | ||
| Q2 24 | $1.4B | $7.6B | ||
| Q1 24 | $1.4B | $7.5B |
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 | $206.0M |
| Free Cash FlowOCF − Capex | $-16.9M | $203.7M |
| FCF MarginFCF / Revenue | -12.1% | 286.2% |
| Capex IntensityCapex / Revenue | 1.7% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $206.0M | ||
| Q3 25 | $-14.5M | $146.9M | ||
| Q2 25 | $-26.9M | $-19.0M | ||
| Q1 25 | $-13.2M | $25.8M | ||
| Q4 24 | $-10.4M | $52.6M | ||
| Q3 24 | $-3.2M | $6.7M | ||
| Q2 24 | $-14.2M | $2.1M | ||
| Q1 24 | $-28.4M | $30.0M |
| Q4 25 | — | $203.7M | ||
| Q3 25 | $-16.9M | $146.4M | ||
| Q2 25 | $-29.3M | $-19.6M | ||
| Q1 25 | $-17.8M | $25.6M | ||
| Q4 24 | $-11.0M | $49.9M | ||
| Q3 24 | $-11.1M | $6.5M | ||
| Q2 24 | $-24.4M | $1.3M | ||
| Q1 24 | $-32.5M | $29.2M |
| Q4 25 | — | 286.2% | ||
| Q3 25 | -12.1% | 206.3% | ||
| Q2 25 | -20.0% | -30.0% | ||
| Q1 25 | -12.5% | 40.7% | ||
| Q4 24 | -7.6% | 82.1% | ||
| Q3 24 | -7.7% | 11.1% | ||
| Q2 24 | -16.1% | 2.3% | ||
| Q1 24 | -21.4% | 50.0% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | 1.6% | 0.9% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 0.4% | 4.3% | ||
| Q3 24 | 5.5% | 0.4% | ||
| Q2 24 | 6.7% | 1.4% | ||
| Q1 24 | 2.7% | 1.4% |
| Q4 25 | — | 9.70× | ||
| Q3 25 | — | 6.66× | ||
| Q2 25 | — | -1.26× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 2.97× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 1.98× |
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% |
HAFC
Segment breakdown not available.
