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Side-by-side financial comparison of Fat Brands, Inc (FAT) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $131.8M, roughly 1.1× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -41.6%, a 51.1% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -2.3%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
FAT vs LOAR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $131.8M |
| Net Profit | $-58.2M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | -12.4% | 18.0% |
| Net Margin | -41.6% | 9.5% |
| Revenue YoY | -2.3% | 19.3% |
| Net Profit YoY | -30.1% | 239.5% |
| EPS (diluted) | $-3.39 | $0.13 |
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 | — | $131.8M | ||
| Q3 25 | $140.0M | $126.8M | ||
| Q2 25 | $146.8M | $123.1M | ||
| Q1 25 | $142.0M | $114.7M | ||
| Q4 24 | $145.3M | $110.4M | ||
| Q3 24 | $143.4M | $103.5M | ||
| Q2 24 | $152.0M | $97.0M | ||
| Q1 24 | $152.0M | $91.8M |
| Q4 25 | — | $12.5M | ||
| Q3 25 | $-58.2M | $27.6M | ||
| Q2 25 | $-54.2M | $16.7M | ||
| Q1 25 | $-46.0M | $15.3M | ||
| Q4 24 | $-67.4M | $3.7M | ||
| Q3 24 | $-44.8M | $8.7M | ||
| Q2 24 | $-39.4M | $7.6M | ||
| Q1 24 | $-38.3M | $2.2M |
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | — | 18.0% | ||
| Q3 25 | -12.4% | 22.9% | ||
| Q2 25 | -10.6% | 22.2% | ||
| Q1 25 | -6.0% | 22.8% | ||
| Q4 24 | -27.1% | 19.2% | ||
| Q3 24 | -6.2% | 22.1% | ||
| Q2 24 | -1.8% | 22.9% | ||
| Q1 24 | -0.9% | 23.3% |
| Q4 25 | — | 9.5% | ||
| Q3 25 | -41.6% | 21.8% | ||
| Q2 25 | -36.9% | 13.6% | ||
| Q1 25 | -32.4% | 13.4% | ||
| Q4 24 | -46.4% | 3.3% | ||
| Q3 24 | -31.2% | 8.4% | ||
| Q2 24 | -25.9% | 7.9% | ||
| Q1 24 | -25.2% | 2.4% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $-3.39 | $0.29 | ||
| Q2 25 | $-3.17 | $0.17 | ||
| Q1 25 | $-2.73 | $0.16 | ||
| Q4 24 | $-4.06 | $-11023.48 | ||
| Q3 24 | $-2.74 | $0.09 | ||
| Q2 24 | $-2.43 | $0.09 | ||
| Q1 24 | $-2.37 | $11023.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $84.8M |
| Total DebtLower is stronger | $1.3B | $715.7M |
| Stockholders' EquityBook value | $-585.8M | $1.2B |
| Total Assets | $1.2B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $84.8M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $103.3M | ||
| Q1 25 | — | $80.5M | ||
| Q4 24 | — | $54.1M | ||
| Q3 24 | — | $55.2M | ||
| Q2 24 | — | $73.2M | ||
| Q1 24 | — | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | $1.3B | $279.4M | ||
| Q2 25 | $1.3B | $277.7M | ||
| Q1 25 | $1.3B | $277.5M | ||
| Q4 24 | $1.3B | $277.3M | ||
| Q3 24 | $1.2B | $602.1M | ||
| Q2 24 | $1.2B | $250.7M | ||
| Q1 24 | $1.2B | $534.2M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $-585.8M | $1.2B | ||
| Q2 25 | $-536.5M | $1.1B | ||
| Q1 25 | $-493.9M | $1.1B | ||
| Q4 24 | $-455.7M | $1.1B | ||
| Q3 24 | $-386.1M | $769.8M | ||
| Q2 24 | $-338.6M | $758.4M | ||
| Q1 24 | $-296.8M | $420.6M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $-16.9M | — |
| FCF MarginFCF / Revenue | -12.1% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.4M | ||
| Q3 25 | $-14.5M | $29.7M | ||
| Q2 25 | $-26.9M | $23.8M | ||
| Q1 25 | $-13.2M | $28.4M | ||
| Q4 24 | $-10.4M | $20.7M | ||
| Q3 24 | $-3.2M | $16.3M | ||
| Q2 24 | $-14.2M | $7.1M | ||
| Q1 24 | $-28.4M | $10.8M |
| 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 | — | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
