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Side-by-side financial comparison of Fat Brands, Inc (FAT) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $104.0M, roughly 1.3× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -41.6%, a 68.2% gap on every dollar of revenue. Over the past eight quarters, Origin Bancorp, Inc.'s revenue compounded faster (3.9% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
FAT vs OBK — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $104.0M |
| Net Profit | $-58.2M | $27.7M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | — |
| Net Margin | -41.6% | 26.6% |
| Revenue YoY | -2.3% | — |
| Net Profit YoY | -30.1% | — |
| EPS (diluted) | $-3.39 | $0.89 |
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 | — | $104.0M | ||
| Q4 25 | — | $103.4M | ||
| Q3 25 | $140.0M | $109.8M | ||
| Q2 25 | $146.8M | $83.5M | ||
| Q1 25 | $142.0M | $94.1M | ||
| Q4 24 | $145.3M | $78.3M | ||
| Q3 24 | $143.4M | $90.8M | ||
| Q2 24 | $152.0M | $96.4M |
| Q1 26 | — | $27.7M | ||
| Q4 25 | — | $29.5M | ||
| Q3 25 | $-58.2M | $8.6M | ||
| Q2 25 | $-54.2M | $14.6M | ||
| Q1 25 | $-46.0M | $22.4M | ||
| Q4 24 | $-67.4M | $14.3M | ||
| Q3 24 | $-44.8M | $18.6M | ||
| Q2 24 | $-39.4M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 36.2% | ||
| Q3 25 | -12.4% | 10.0% | ||
| Q2 25 | -10.6% | 22.3% | ||
| Q1 25 | -6.0% | 30.4% | ||
| Q4 24 | -27.1% | 23.0% | ||
| Q3 24 | -6.2% | 26.1% | ||
| Q2 24 | -1.8% | 27.7% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | -41.6% | 7.9% | ||
| Q2 25 | -36.9% | 17.5% | ||
| Q1 25 | -32.4% | 23.8% | ||
| Q4 24 | -46.4% | 18.2% | ||
| Q3 24 | -31.2% | 20.5% | ||
| Q2 24 | -25.9% | 21.8% |
| Q1 26 | — | $0.89 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | $-3.39 | $0.27 | ||
| Q2 25 | $-3.17 | $0.47 | ||
| Q1 25 | $-2.73 | $0.71 | ||
| Q4 24 | $-4.06 | $0.45 | ||
| Q3 24 | $-2.74 | $0.60 | ||
| Q2 24 | $-2.43 | $0.67 |
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 | $1.3B |
| Total Assets | $1.2B | $10.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $424.2M | ||
| Q3 25 | — | $626.9M | ||
| Q2 25 | — | $334.1M | ||
| Q1 25 | — | $486.2M | ||
| Q4 24 | — | $470.2M | ||
| Q3 24 | — | $321.2M | ||
| Q2 24 | — | $288.1M |
| Q1 26 | — | — | ||
| 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 | — | $1.3B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $-585.8M | $1.2B | ||
| Q2 25 | $-536.5M | $1.2B | ||
| Q1 25 | $-493.9M | $1.2B | ||
| Q4 24 | $-455.7M | $1.1B | ||
| Q3 24 | $-386.1M | $1.1B | ||
| Q2 24 | $-338.6M | $1.1B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | — | $9.7B | ||
| Q3 25 | $1.2B | $9.8B | ||
| Q2 25 | $1.2B | $9.7B | ||
| Q1 25 | $1.3B | $9.8B | ||
| Q4 24 | $1.3B | $9.7B | ||
| Q3 24 | $1.3B | $10.0B | ||
| Q2 24 | $1.4B | $9.9B |
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 | — | $158.9M | ||
| Q3 25 | $-14.5M | $59.3M | ||
| Q2 25 | $-26.9M | $20.6M | ||
| Q1 25 | $-13.2M | $35.6M | ||
| Q4 24 | $-10.4M | $108.5M | ||
| Q3 24 | $-3.2M | $39.6M | ||
| Q2 24 | $-14.2M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $151.1M | ||
| Q3 25 | $-16.9M | $56.8M | ||
| Q2 25 | $-29.3M | $19.6M | ||
| Q1 25 | $-17.8M | $34.8M | ||
| Q4 24 | $-11.0M | $86.4M | ||
| Q3 24 | $-11.1M | $32.2M | ||
| Q2 24 | $-24.4M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 146.0% | ||
| Q3 25 | -12.1% | 51.7% | ||
| Q2 25 | -20.0% | 23.5% | ||
| Q1 25 | -12.5% | 37.0% | ||
| Q4 24 | -7.6% | 110.3% | ||
| Q3 24 | -7.7% | 35.5% | ||
| Q2 24 | -16.1% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 1.7% | 2.3% | ||
| Q2 25 | 1.6% | 1.2% | ||
| Q1 25 | 3.2% | 0.8% | ||
| Q4 24 | 0.4% | 28.1% | ||
| Q3 24 | 5.5% | 8.1% | ||
| Q2 24 | 6.7% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.38× | ||
| Q3 25 | — | 6.88× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 7.60× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 0.57× |
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% |
OBK
| Net Interest Income | $87.2M | 84% |
| Noninterest Income | $16.8M | 16% |
