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Side-by-side financial comparison of Fat Brands, Inc (FAT) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $70.6M, roughly 2.0× MEDALLION FINANCIAL CORP). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -41.6%, a 58.9% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs -2.3%). Over the past eight quarters, MEDALLION FINANCIAL CORP's revenue compounded faster (15.0% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
FAT vs MFIN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $70.6M |
| Net Profit | $-58.2M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | 29.3% |
| Net Margin | -41.6% | 17.3% |
| Revenue YoY | -2.3% | 25.4% |
| Net Profit YoY | -30.1% | 20.3% |
| EPS (diluted) | $-3.39 | $0.50 |
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 | — | $70.6M | ||
| Q3 25 | $140.0M | $58.7M | ||
| Q2 25 | $146.8M | $62.6M | ||
| Q1 25 | $142.0M | $63.0M | ||
| Q4 24 | $145.3M | $56.3M | ||
| Q3 24 | $143.4M | $53.3M | ||
| Q2 24 | $152.0M | $51.0M | ||
| Q1 24 | $152.0M | $53.3M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $-58.2M | $7.8M | ||
| Q2 25 | $-54.2M | $11.1M | ||
| Q1 25 | $-46.0M | $12.0M | ||
| Q4 24 | $-67.4M | $10.1M | ||
| Q3 24 | $-44.8M | $8.6M | ||
| Q2 24 | $-39.4M | $7.1M | ||
| Q1 24 | $-38.3M | $10.0M |
| Q4 25 | — | 29.3% | ||
| Q3 25 | -12.4% | 33.2% | ||
| Q2 25 | -10.6% | 31.1% | ||
| Q1 25 | -6.0% | 32.1% | ||
| Q4 24 | -27.1% | 32.8% | ||
| Q3 24 | -6.2% | 26.6% | ||
| Q2 24 | -1.8% | 24.3% | ||
| Q1 24 | -0.9% | 33.6% |
| Q4 25 | — | 17.3% | ||
| Q3 25 | -41.6% | 13.2% | ||
| Q2 25 | -36.9% | 17.7% | ||
| Q1 25 | -32.4% | 19.1% | ||
| Q4 24 | -46.4% | 18.0% | ||
| Q3 24 | -31.2% | 16.1% | ||
| Q2 24 | -25.9% | 13.9% | ||
| Q1 24 | -25.2% | 18.8% |
| Q4 25 | — | $0.50 | ||
| Q3 25 | $-3.39 | $0.32 | ||
| Q2 25 | $-3.17 | $0.46 | ||
| Q1 25 | $-2.73 | $0.50 | ||
| Q4 24 | $-4.06 | $0.43 | ||
| Q3 24 | $-2.74 | $0.37 | ||
| Q2 24 | $-2.43 | $0.30 | ||
| Q1 24 | $-2.37 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $136.3M |
| Total DebtLower is stronger | $1.3B | $216.0M |
| Stockholders' EquityBook value | $-585.8M | $408.6M |
| Total Assets | $1.2B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $136.3M | ||
| Q3 25 | — | $72.5M | ||
| Q2 25 | — | $110.4M | ||
| Q1 25 | — | $131.5M | ||
| Q4 24 | — | $98.2M | ||
| Q3 24 | — | $120.6M | ||
| Q2 24 | — | $87.7M | ||
| Q1 24 | — | $54.8M |
| Q4 25 | — | $216.0M | ||
| Q3 25 | $1.3B | $215.7M | ||
| Q2 25 | $1.3B | $199.9M | ||
| Q1 25 | $1.3B | $199.7M | ||
| Q4 24 | $1.3B | $232.2M | ||
| Q3 24 | $1.2B | $232.0M | ||
| Q2 24 | $1.2B | $230.8M | ||
| Q1 24 | $1.2B | $225.6M |
| Q4 25 | — | $408.6M | ||
| Q3 25 | $-585.8M | $397.4M | ||
| Q2 25 | $-536.5M | $389.9M | ||
| Q1 25 | $-493.9M | $380.2M | ||
| Q4 24 | $-455.7M | $370.2M | ||
| Q3 24 | $-386.1M | $362.4M | ||
| Q2 24 | $-338.6M | $354.0M | ||
| Q1 24 | $-296.8M | $349.0M |
| Q4 25 | — | $3.0B | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.4B | $2.6B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.65× |
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 | $126.3M |
| Free Cash FlowOCF − Capex | $-16.9M | — |
| FCF MarginFCF / Revenue | -12.1% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $126.3M | ||
| Q3 25 | $-14.5M | $67.0M | ||
| Q2 25 | $-26.9M | $-10.7M | ||
| Q1 25 | $-13.2M | $36.3M | ||
| Q4 24 | $-10.4M | $108.7M | ||
| Q3 24 | $-3.2M | $24.6M | ||
| Q2 24 | $-14.2M | $27.6M | ||
| Q1 24 | $-28.4M | $32.3M |
| 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 | — | 10.35× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | — | -0.97× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 10.72× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 3.89× | ||
| Q1 24 | — | 3.22× |
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% |
MFIN
Segment breakdown not available.
