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Side-by-side financial comparison of Fat Brands, Inc (FAT) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $140.0M, roughly 1.1× Fat Brands, Inc). OPKO HEALTH, INC. runs the higher net margin — -21.1% vs -41.6%, a 20.5% gap on every dollar of revenue. On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -19.2%). Fat Brands, Inc produced more free cash flow last quarter ($-16.9M vs $-28.6M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -7.5%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
FAT vs OPK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $148.5M |
| Net Profit | $-58.2M | $-31.3M |
| Gross Margin | — | 43.1% |
| Operating Margin | -12.4% | -25.8% |
| Net Margin | -41.6% | -21.1% |
| Revenue YoY | -2.3% | -19.2% |
| Net Profit YoY | -30.1% | -322.8% |
| EPS (diluted) | $-3.39 | $-0.04 |
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 | — | $148.5M | ||
| Q3 25 | $140.0M | $151.7M | ||
| Q2 25 | $146.8M | $156.8M | ||
| Q1 25 | $142.0M | $150.0M | ||
| Q4 24 | $145.3M | $183.6M | ||
| Q3 24 | $143.4M | $173.6M | ||
| Q2 24 | $152.0M | $182.2M | ||
| Q1 24 | $152.0M | $173.7M |
| Q4 25 | — | $-31.3M | ||
| Q3 25 | $-58.2M | $21.6M | ||
| Q2 25 | $-54.2M | $-148.4M | ||
| Q1 25 | $-46.0M | $-67.6M | ||
| Q4 24 | $-67.4M | $14.0M | ||
| Q3 24 | $-44.8M | $24.9M | ||
| Q2 24 | $-39.4M | $-10.3M | ||
| Q1 24 | $-38.3M | $-81.8M |
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 46.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | — | -25.8% | ||
| Q3 25 | -12.4% | 31.7% | ||
| Q2 25 | -10.6% | -38.3% | ||
| Q1 25 | -6.0% | -44.8% | ||
| Q4 24 | -27.1% | -18.0% | ||
| Q3 24 | -6.2% | 8.2% | ||
| Q2 24 | -1.8% | -33.9% | ||
| Q1 24 | -0.9% | -41.2% |
| Q4 25 | — | -21.1% | ||
| Q3 25 | -41.6% | 14.3% | ||
| Q2 25 | -36.9% | -94.7% | ||
| Q1 25 | -32.4% | -45.1% | ||
| Q4 24 | -46.4% | 7.6% | ||
| Q3 24 | -31.2% | 14.3% | ||
| Q2 24 | -25.9% | -5.7% | ||
| Q1 24 | -25.2% | -47.1% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | $-3.39 | $0.03 | ||
| Q2 25 | $-3.17 | $-0.19 | ||
| Q1 25 | $-2.73 | $-0.10 | ||
| Q4 24 | $-4.06 | $0.02 | ||
| Q3 24 | $-2.74 | $0.03 | ||
| Q2 24 | $-2.43 | $-0.01 | ||
| Q1 24 | $-2.37 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $364.4M |
| Total DebtLower is stronger | $1.3B | $344.0M |
| Stockholders' EquityBook value | $-585.8M | $1.3B |
| Total Assets | $1.2B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $364.4M | ||
| Q3 25 | — | $412.0M | ||
| Q2 25 | — | $267.3M | ||
| Q1 25 | — | $428.8M | ||
| Q4 24 | — | $426.6M | ||
| Q3 24 | — | $400.1M | ||
| Q2 24 | — | $40.6M | ||
| Q1 24 | — | $75.6M |
| Q4 25 | — | $344.0M | ||
| Q3 25 | $1.3B | $344.2M | ||
| Q2 25 | $1.3B | $343.3M | ||
| Q1 25 | $1.3B | $439.2M | ||
| Q4 24 | $1.3B | $437.2M | ||
| Q3 24 | $1.2B | $441.0M | ||
| Q2 24 | $1.2B | $201.9M | ||
| Q1 24 | $1.2B | $350.1M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $-585.8M | $1.3B | ||
| Q2 25 | $-536.5M | $1.3B | ||
| Q1 25 | $-493.9M | $1.3B | ||
| Q4 24 | $-455.7M | $1.4B | ||
| Q3 24 | $-386.1M | $1.4B | ||
| Q2 24 | $-338.6M | $1.4B | ||
| Q1 24 | $-296.8M | $1.3B |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $2.0B |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-16.9M | $-28.6M |
| FCF MarginFCF / Revenue | -12.1% | -19.3% |
| Capex IntensityCapex / Revenue | 1.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-25.9M | ||
| Q3 25 | $-14.5M | $-34.6M | ||
| Q2 25 | $-26.9M | $-83.4M | ||
| Q1 25 | $-13.2M | $-34.6M | ||
| Q4 24 | $-10.4M | $-44.4M | ||
| Q3 24 | $-3.2M | $-77.1M | ||
| Q2 24 | $-14.2M | $-26.4M | ||
| Q1 24 | $-28.4M | $-35.6M |
| Q4 25 | — | $-28.6M | ||
| Q3 25 | $-16.9M | $-37.8M | ||
| Q2 25 | $-29.3M | $-86.7M | ||
| Q1 25 | $-17.8M | $-37.7M | ||
| Q4 24 | $-11.0M | $-49.8M | ||
| Q3 24 | $-11.1M | $-85.0M | ||
| Q2 24 | $-24.4M | $-33.7M | ||
| Q1 24 | $-32.5M | $-40.0M |
| Q4 25 | — | -19.3% | ||
| Q3 25 | -12.1% | -24.9% | ||
| Q2 25 | -20.0% | -55.3% | ||
| Q1 25 | -12.5% | -25.2% | ||
| Q4 24 | -7.6% | -27.1% | ||
| Q3 24 | -7.7% | -49.0% | ||
| Q2 24 | -16.1% | -18.5% | ||
| Q1 24 | -21.4% | -23.0% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | 1.7% | 2.1% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 3.2% | 2.1% | ||
| Q4 24 | 0.4% | 2.9% | ||
| Q3 24 | 5.5% | 4.6% | ||
| Q2 24 | 6.7% | 4.0% | ||
| Q1 24 | 2.7% | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.60× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
