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Side-by-side financial comparison of Fat Brands, Inc (FAT) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $77.4M, roughly 1.8× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -41.6%, a 45.0% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs -2.3%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-16.9M). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.
FAT vs IVT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $77.4M |
| Net Profit | $-58.2M | $2.7M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | -11.0% |
| Net Margin | -41.6% | 3.4% |
| Revenue YoY | -2.3% | 8.6% |
| Net Profit YoY | -30.1% | -72.8% |
| EPS (diluted) | $-3.39 | $0.02 |
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 | — | $77.4M | ||
| Q3 25 | $140.0M | $74.5M | ||
| Q2 25 | $146.8M | $73.6M | ||
| Q1 25 | $142.0M | $73.8M | ||
| Q4 24 | $145.3M | $71.2M | ||
| Q3 24 | $143.4M | $68.5M | ||
| Q2 24 | $152.0M | $67.4M | ||
| Q1 24 | $152.0M | $66.8M |
| Q4 25 | — | $2.7M | ||
| Q3 25 | $-58.2M | $6.0M | ||
| Q2 25 | $-54.2M | $95.9M | ||
| Q1 25 | $-46.0M | $6.8M | ||
| Q4 24 | $-67.4M | $9.8M | ||
| Q3 24 | $-44.8M | $-539.0K | ||
| Q2 24 | $-39.4M | $1.5M | ||
| Q1 24 | $-38.3M | $2.9M |
| Q4 25 | — | -11.0% | ||
| Q3 25 | -12.4% | -9.8% | ||
| Q2 25 | -10.6% | — | ||
| Q1 25 | -6.0% | -10.5% | ||
| Q4 24 | -27.1% | -3.6% | ||
| Q3 24 | -6.2% | -18.7% | ||
| Q2 24 | -1.8% | -13.6% | ||
| Q1 24 | -0.9% | -13.1% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | -41.6% | 8.1% | ||
| Q2 25 | -36.9% | 130.4% | ||
| Q1 25 | -32.4% | 9.2% | ||
| Q4 24 | -46.4% | 13.8% | ||
| Q3 24 | -31.2% | -0.8% | ||
| Q2 24 | -25.9% | 2.2% | ||
| Q1 24 | -25.2% | 4.3% |
| Q4 25 | — | $0.02 | ||
| Q3 25 | $-3.39 | $0.08 | ||
| Q2 25 | $-3.17 | $1.23 | ||
| Q1 25 | $-2.73 | $0.09 | ||
| Q4 24 | $-4.06 | $0.14 | ||
| Q3 24 | $-2.74 | $-0.01 | ||
| Q2 24 | $-2.43 | $0.02 | ||
| Q1 24 | $-2.37 | $0.04 |
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 | $825.9M |
| Stockholders' EquityBook value | $-585.8M | $1.8B |
| Total Assets | $1.2B | $2.8B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $825.9M | ||
| Q3 25 | $1.3B | $764.6M | ||
| Q2 25 | $1.3B | $746.3M | ||
| Q1 25 | $1.3B | $740.7M | ||
| Q4 24 | $1.3B | $740.4M | ||
| Q3 24 | $1.2B | $740.1M | ||
| Q2 24 | $1.2B | $812.2M | ||
| Q1 24 | $1.2B | $827.5M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $-585.8M | $1.8B | ||
| Q2 25 | $-536.5M | $1.8B | ||
| Q1 25 | $-493.9M | $1.7B | ||
| Q4 24 | $-455.7M | $1.8B | ||
| Q3 24 | $-386.1M | $1.8B | ||
| Q2 24 | $-338.6M | $1.5B | ||
| Q1 24 | $-296.8M | $1.5B |
| Q4 25 | — | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.4B | $2.5B | ||
| Q1 24 | $1.4B | $2.5B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $155.4M |
| Free Cash FlowOCF − Capex | $-16.9M | $110.9M |
| FCF MarginFCF / Revenue | -12.1% | 143.3% |
| Capex IntensityCapex / Revenue | 1.7% | 57.5% |
| Cash ConversionOCF / Net Profit | — | 58.41× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $193.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $155.4M | ||
| Q3 25 | $-14.5M | $43.8M | ||
| Q2 25 | $-26.9M | $48.7M | ||
| Q1 25 | $-13.2M | $20.2M | ||
| Q4 24 | $-10.4M | $136.9M | ||
| Q3 24 | $-3.2M | $38.4M | ||
| Q2 24 | $-14.2M | $46.7M | ||
| Q1 24 | $-28.4M | $14.8M |
| Q4 25 | — | $110.9M | ||
| Q3 25 | $-16.9M | $31.4M | ||
| Q2 25 | $-29.3M | $38.0M | ||
| Q1 25 | $-17.8M | $12.8M | ||
| Q4 24 | $-11.0M | $100.8M | ||
| Q3 24 | $-11.1M | $29.3M | ||
| Q2 24 | $-24.4M | $37.2M | ||
| Q1 24 | $-32.5M | $7.7M |
| Q4 25 | — | 143.3% | ||
| Q3 25 | -12.1% | 42.2% | ||
| Q2 25 | -20.0% | 51.6% | ||
| Q1 25 | -12.5% | 17.4% | ||
| Q4 24 | -7.6% | 141.5% | ||
| Q3 24 | -7.7% | 42.8% | ||
| Q2 24 | -16.1% | 55.2% | ||
| Q1 24 | -21.4% | 11.5% |
| Q4 25 | — | 57.5% | ||
| Q3 25 | 1.7% | 16.7% | ||
| Q2 25 | 1.6% | 14.6% | ||
| Q1 25 | 3.2% | 10.0% | ||
| Q4 24 | 0.4% | 50.7% | ||
| Q3 24 | 5.5% | 13.3% | ||
| Q2 24 | 6.7% | 14.0% | ||
| Q1 24 | 2.7% | 10.6% |
| Q4 25 | — | 58.41× | ||
| Q3 25 | — | 7.27× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 2.97× | ||
| Q4 24 | — | 13.97× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 31.15× | ||
| Q1 24 | — | 5.10× |
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% |
IVT
Segment breakdown not available.
