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Side-by-side financial comparison of Fat Brands, Inc (FAT) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $140.0M, roughly 1.0× Fat Brands, Inc). PAMT CORP runs the higher net margin — -20.7% vs -41.6%, a 20.9% gap on every dollar of revenue. On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -15.1%). Fat Brands, Inc produced more free cash flow last quarter ($-16.9M vs $-25.0M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -12.0%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
FAT vs PAMT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $141.3M |
| Net Profit | $-58.2M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | -27.0% |
| Net Margin | -41.6% | -20.7% |
| Revenue YoY | -2.3% | -15.1% |
| Net Profit YoY | -30.1% | 7.4% |
| EPS (diluted) | $-3.39 | $-1.38 |
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 | — | $141.3M | ||
| Q3 25 | $140.0M | $150.3M | ||
| Q2 25 | $146.8M | $151.1M | ||
| Q1 25 | $142.0M | $155.3M | ||
| Q4 24 | $145.3M | $166.5M | ||
| Q3 24 | $143.4M | $182.6M | ||
| Q2 24 | $152.0M | $182.9M | ||
| Q1 24 | $152.0M | $182.6M |
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $-58.2M | $-5.6M | ||
| Q2 25 | $-54.2M | $-9.6M | ||
| Q1 25 | $-46.0M | $-8.1M | ||
| Q4 24 | $-67.4M | $-31.6M | ||
| Q3 24 | $-44.8M | $2.4M | ||
| Q2 24 | $-39.4M | $-2.9M | ||
| Q1 24 | $-38.3M | $281.0K |
| Q4 25 | — | -27.0% | ||
| Q3 25 | -12.4% | -3.8% | ||
| Q2 25 | -10.6% | -7.3% | ||
| Q1 25 | -6.0% | -5.9% | ||
| Q4 24 | -27.1% | -22.6% | ||
| Q3 24 | -6.2% | 1.3% | ||
| Q2 24 | -1.8% | -0.4% | ||
| Q1 24 | -0.9% | -0.4% |
| Q4 25 | — | -20.7% | ||
| Q3 25 | -41.6% | -3.7% | ||
| Q2 25 | -36.9% | -6.4% | ||
| Q1 25 | -32.4% | -5.2% | ||
| Q4 24 | -46.4% | -19.0% | ||
| Q3 24 | -31.2% | 1.3% | ||
| Q2 24 | -25.9% | -1.6% | ||
| Q1 24 | -25.2% | 0.2% |
| Q4 25 | — | $-1.38 | ||
| Q3 25 | $-3.39 | $-0.27 | ||
| Q2 25 | $-3.17 | $-0.46 | ||
| Q1 25 | $-2.73 | $-0.37 | ||
| Q4 24 | $-4.06 | $-1.44 | ||
| Q3 24 | $-2.74 | $0.11 | ||
| Q2 24 | $-2.43 | $-0.13 | ||
| Q1 24 | $-2.37 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.7M |
| Total DebtLower is stronger | $1.3B | $333.9M |
| Stockholders' EquityBook value | $-585.8M | $210.5M |
| Total Assets | $1.2B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.7M | ||
| Q3 25 | — | $115.6M | ||
| Q2 25 | — | $117.3M | ||
| Q1 25 | — | $102.7M | ||
| Q4 24 | — | $110.7M | ||
| Q3 24 | — | $92.3M | ||
| Q2 24 | — | $114.0M | ||
| Q1 24 | — | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $325.6M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $210.5M | ||
| Q3 25 | $-585.8M | $239.5M | ||
| Q2 25 | $-536.5M | $244.9M | ||
| Q1 25 | $-493.9M | $269.6M | ||
| Q4 24 | $-455.7M | $277.5M | ||
| Q3 24 | $-386.1M | $308.9M | ||
| Q2 24 | $-338.6M | $306.7M | ||
| Q1 24 | $-296.8M | $314.6M |
| Q4 25 | — | $697.9M | ||
| Q3 25 | $1.2B | $715.2M | ||
| Q2 25 | $1.2B | $707.9M | ||
| Q1 25 | $1.3B | $712.6M | ||
| Q4 24 | $1.3B | $741.7M | ||
| Q3 24 | $1.3B | $756.7M | ||
| Q2 24 | $1.4B | $733.5M | ||
| Q1 24 | $1.4B | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-16.9M | $-25.0M |
| FCF MarginFCF / Revenue | -12.1% | -17.7% |
| Capex IntensityCapex / Revenue | 1.7% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $-14.5M | $5.9M | ||
| Q2 25 | $-26.9M | $12.2M | ||
| Q1 25 | $-13.2M | $5.0M | ||
| Q4 24 | $-10.4M | $15.2M | ||
| Q3 24 | $-3.2M | $15.5M | ||
| Q2 24 | $-14.2M | $18.7M | ||
| Q1 24 | $-28.4M | $9.6M |
| Q4 25 | — | $-25.0M | ||
| Q3 25 | $-16.9M | $2.5M | ||
| Q2 25 | $-29.3M | $5.9M | ||
| Q1 25 | $-17.8M | $-6.8M | ||
| Q4 24 | $-11.0M | $-39.9M | ||
| Q3 24 | $-11.1M | $-33.6M | ||
| Q2 24 | $-24.4M | $4.1M | ||
| Q1 24 | $-32.5M | $-12.2M |
| Q4 25 | — | -17.7% | ||
| Q3 25 | -12.1% | 1.7% | ||
| Q2 25 | -20.0% | 3.9% | ||
| Q1 25 | -12.5% | -4.4% | ||
| Q4 24 | -7.6% | -24.0% | ||
| Q3 24 | -7.7% | -18.4% | ||
| Q2 24 | -16.1% | 2.2% | ||
| Q1 24 | -21.4% | -6.7% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | 1.7% | 2.3% | ||
| Q2 25 | 1.6% | 4.2% | ||
| Q1 25 | 3.2% | 7.6% | ||
| Q4 24 | 0.4% | 33.1% | ||
| Q3 24 | 5.5% | 26.9% | ||
| Q2 24 | 6.7% | 8.0% | ||
| Q1 24 | 2.7% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
