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Side-by-side financial comparison of Fat Brands, Inc (FAT) and MAXLINEAR, INC (MXL). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $137.2M, roughly 1.0× MAXLINEAR, INC). MAXLINEAR, INC runs the higher net margin — -32.9% vs -41.6%, a 8.7% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs -2.3%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
FAT vs MXL — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $137.2M |
| Net Profit | $-58.2M | $-45.1M |
| Gross Margin | — | 57.5% |
| Operating Margin | -12.4% | 30.0% |
| Net Margin | -41.6% | -32.9% |
| Revenue YoY | -2.3% | 43.0% |
| Net Profit YoY | -30.1% | -203.0% |
| EPS (diluted) | $-3.39 | $-0.52 |
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.
| Q1 26 | — | $137.2M | ||
| Q4 25 | — | $136.4M | ||
| Q3 25 | $140.0M | $126.5M | ||
| Q2 25 | $146.8M | $108.8M | ||
| Q1 25 | $142.0M | $95.9M | ||
| Q4 24 | $145.3M | $92.2M | ||
| Q3 24 | $143.4M | $81.1M | ||
| Q2 24 | $152.0M | $92.0M |
| Q1 26 | — | $-45.1M | ||
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-58.2M | $-45.5M | ||
| Q2 25 | $-54.2M | $-26.6M | ||
| Q1 25 | $-46.0M | $-49.7M | ||
| Q4 24 | $-67.4M | $-57.8M | ||
| Q3 24 | $-44.8M | $-75.8M | ||
| Q2 24 | $-39.4M | $-39.3M |
| Q1 26 | — | 57.5% | ||
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 56.9% | ||
| Q2 25 | — | 56.5% | ||
| Q1 25 | — | 56.1% | ||
| Q4 24 | — | 55.6% | ||
| Q3 24 | — | 54.4% | ||
| Q2 24 | — | 54.6% |
| Q1 26 | — | 30.0% | ||
| Q4 25 | — | -10.9% | ||
| Q3 25 | -12.4% | -32.7% | ||
| Q2 25 | -10.6% | -22.6% | ||
| Q1 25 | -6.0% | -48.0% | ||
| Q4 24 | -27.1% | -44.7% | ||
| Q3 24 | -6.2% | -82.3% | ||
| Q2 24 | -1.8% | -44.4% |
| Q1 26 | — | -32.9% | ||
| Q4 25 | — | -10.9% | ||
| Q3 25 | -41.6% | -36.0% | ||
| Q2 25 | -36.9% | -24.4% | ||
| Q1 25 | -32.4% | -51.8% | ||
| Q4 24 | -46.4% | -62.8% | ||
| Q3 24 | -31.2% | -93.4% | ||
| Q2 24 | -25.9% | -42.7% |
| Q1 26 | — | $-0.52 | ||
| Q4 25 | — | $-0.17 | ||
| Q3 25 | $-3.39 | $-0.52 | ||
| Q2 25 | $-3.17 | $-0.31 | ||
| Q1 25 | $-2.73 | $-0.58 | ||
| Q4 24 | $-4.06 | $-0.68 | ||
| Q3 24 | $-2.74 | $-0.90 | ||
| Q2 24 | $-2.43 | $-0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $61.1M |
| Total DebtLower is stronger | $1.3B | $123.8M |
| Stockholders' EquityBook value | $-585.8M | $454.2M |
| Total Assets | $1.2B | $771.3M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.1M | ||
| Q4 25 | — | $72.8M | ||
| Q3 25 | — | $111.9M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | — | $102.8M | ||
| Q4 24 | — | $118.6M | ||
| Q3 24 | — | $148.5M | ||
| Q2 24 | — | $185.1M |
| Q1 26 | — | $123.8M | ||
| 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 26 | — | $454.2M | ||
| Q4 25 | — | $451.9M | ||
| Q3 25 | $-585.8M | $464.7M | ||
| Q2 25 | $-536.5M | $488.3M | ||
| Q1 25 | $-493.9M | $493.2M | ||
| Q4 24 | $-455.7M | $516.3M | ||
| Q3 24 | $-386.1M | $556.9M | ||
| Q2 24 | $-338.6M | $617.3M |
| Q1 26 | — | $771.3M | ||
| Q4 25 | — | $796.4M | ||
| Q3 25 | $1.2B | $808.1M | ||
| Q2 25 | $1.2B | $863.7M | ||
| Q1 25 | $1.3B | $855.3M | ||
| Q4 24 | $1.3B | $864.6M | ||
| Q3 24 | $1.3B | $895.3M | ||
| Q2 24 | $1.4B | $973.2M |
| Q1 26 | — | 0.27× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $10.4M | ||
| Q3 25 | $-14.5M | $10.1M | ||
| Q2 25 | $-26.9M | $10.5M | ||
| Q1 25 | $-13.2M | $-11.4M | ||
| Q4 24 | $-10.4M | $-27.8M | ||
| Q3 24 | $-3.2M | $-30.7M | ||
| Q2 24 | $-14.2M | $-2.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.7M | ||
| Q3 25 | $-16.9M | $4.4M | ||
| Q2 25 | $-29.3M | $9.3M | ||
| Q1 25 | $-17.8M | $-13.4M | ||
| Q4 24 | $-11.0M | $-30.0M | ||
| Q3 24 | $-11.1M | $-34.9M | ||
| Q2 24 | $-24.4M | $-5.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | -12.1% | 3.5% | ||
| Q2 25 | -20.0% | 8.6% | ||
| Q1 25 | -12.5% | -14.0% | ||
| Q4 24 | -7.6% | -32.6% | ||
| Q3 24 | -7.7% | -43.0% | ||
| Q2 24 | -16.1% | -6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 1.7% | 4.5% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 3.2% | 2.1% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 5.5% | 5.1% | ||
| Q2 24 | 6.7% | 3.3% |
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% |
MXL
Segment breakdown not available.
