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Side-by-side financial comparison of Fat Brands, Inc (FAT) and PEAPACK GLADSTONE FINANCIAL CORP (PGC). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $78.2M, roughly 1.8× PEAPACK GLADSTONE FINANCIAL CORP). PEAPACK GLADSTONE FINANCIAL CORP runs the higher net margin — 15.5% vs -41.6%, a 57.1% gap on every dollar of revenue. On growth, PEAPACK GLADSTONE FINANCIAL CORP posted the faster year-over-year revenue change (26.5% vs -2.3%). PEAPACK GLADSTONE FINANCIAL CORP produced more free cash flow last quarter ($28.8M vs $-16.9M). Over the past eight quarters, PEAPACK GLADSTONE FINANCIAL CORP's revenue compounded faster (21.4% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Peapack Gladstone Financial Corp is a U.S.-based regional financial holding company that provides commercial and consumer banking, wealth management, private banking, lending solutions, and trust services, primarily serving individual and small-to-medium business clients across New Jersey and the surrounding U.S. Northeast region.
FAT vs PGC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $78.2M |
| Net Profit | $-58.2M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | 21.7% |
| Net Margin | -41.6% | 15.5% |
| Revenue YoY | -2.3% | 26.5% |
| Net Profit YoY | -30.1% | 31.6% |
| EPS (diluted) | $-3.39 | $0.68 |
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 | — | $78.2M | ||
| Q3 25 | $140.0M | $70.7M | ||
| Q2 25 | $146.8M | $69.7M | ||
| Q1 25 | $142.0M | $64.4M | ||
| Q4 24 | $145.3M | $61.8M | ||
| Q3 24 | $143.4M | $56.6M | ||
| Q2 24 | $152.0M | $56.6M | ||
| Q1 24 | $152.0M | $53.1M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $-58.2M | $9.6M | ||
| Q2 25 | $-54.2M | $7.9M | ||
| Q1 25 | $-46.0M | $7.6M | ||
| Q4 24 | $-67.4M | $9.2M | ||
| Q3 24 | $-44.8M | $7.6M | ||
| Q2 24 | $-39.4M | $7.5M | ||
| Q1 24 | $-38.3M | $8.6M |
| Q4 25 | — | 21.7% | ||
| Q3 25 | -12.4% | 19.2% | ||
| Q2 25 | -10.6% | 16.1% | ||
| Q1 25 | -6.0% | 16.2% | ||
| Q4 24 | -27.1% | 19.8% | ||
| Q3 24 | -6.2% | 19.0% | ||
| Q2 24 | -1.8% | 16.9% | ||
| Q1 24 | -0.9% | 23.4% |
| Q4 25 | — | 15.5% | ||
| Q3 25 | -41.6% | 13.6% | ||
| Q2 25 | -36.9% | 11.4% | ||
| Q1 25 | -32.4% | 11.8% | ||
| Q4 24 | -46.4% | 14.9% | ||
| Q3 24 | -31.2% | 13.4% | ||
| Q2 24 | -25.9% | 13.3% | ||
| Q1 24 | -25.2% | 16.3% |
| Q4 25 | — | $0.68 | ||
| Q3 25 | $-3.39 | $0.54 | ||
| Q2 25 | $-3.17 | $0.45 | ||
| Q1 25 | $-2.73 | $0.43 | ||
| Q4 24 | $-4.06 | $0.52 | ||
| Q3 24 | $-2.74 | $0.43 | ||
| Q2 24 | $-2.43 | $0.42 | ||
| Q1 24 | $-2.37 | $0.48 |
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 | $658.2M |
| Total Assets | $1.2B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $1.2B | — |
| Q4 25 | — | $658.2M | ||
| Q3 25 | $-585.8M | $642.5M | ||
| Q2 25 | $-536.5M | $629.8M | ||
| Q1 25 | $-493.9M | $621.9M | ||
| Q4 24 | $-455.7M | $605.8M | ||
| Q3 24 | $-386.1M | $607.6M | ||
| Q2 24 | $-338.6M | $588.3M | ||
| Q1 24 | $-296.8M | $582.4M |
| Q4 25 | — | $7.5B | ||
| Q3 25 | $1.2B | $7.4B | ||
| Q2 25 | $1.2B | $7.2B | ||
| Q1 25 | $1.3B | $7.1B | ||
| Q4 24 | $1.3B | $7.0B | ||
| Q3 24 | $1.3B | $6.8B | ||
| Q2 24 | $1.4B | $6.5B | ||
| Q1 24 | $1.4B | $6.4B |
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 | $43.1M |
| Free Cash FlowOCF − Capex | $-16.9M | $28.8M |
| FCF MarginFCF / Revenue | -12.1% | 36.8% |
| Capex IntensityCapex / Revenue | 1.7% | 18.3% |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $43.1M | ||
| Q3 25 | $-14.5M | $36.2M | ||
| Q2 25 | $-26.9M | $15.9M | ||
| Q1 25 | $-13.2M | $-7.9M | ||
| Q4 24 | $-10.4M | $71.1M | ||
| Q3 24 | $-3.2M | $24.7M | ||
| Q2 24 | $-14.2M | $852.0K | ||
| Q1 24 | $-28.4M | $19.1M |
| Q4 25 | — | $28.8M | ||
| Q3 25 | $-16.9M | $34.0M | ||
| Q2 25 | $-29.3M | $9.9M | ||
| Q1 25 | $-17.8M | $-11.5M | ||
| Q4 24 | $-11.0M | $63.0M | ||
| Q3 24 | $-11.1M | $23.0M | ||
| Q2 24 | $-24.4M | $-431.0K | ||
| Q1 24 | $-32.5M | $18.0M |
| Q4 25 | — | 36.8% | ||
| Q3 25 | -12.1% | 48.1% | ||
| Q2 25 | -20.0% | 14.2% | ||
| Q1 25 | -12.5% | -17.8% | ||
| Q4 24 | -7.6% | 101.9% | ||
| Q3 24 | -7.7% | 40.6% | ||
| Q2 24 | -16.1% | -0.8% | ||
| Q1 24 | -21.4% | 33.9% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 1.7% | 3.1% | ||
| Q2 25 | 1.6% | 8.6% | ||
| Q1 25 | 3.2% | 5.6% | ||
| Q4 24 | 0.4% | 13.1% | ||
| Q3 24 | 5.5% | 3.0% | ||
| Q2 24 | 6.7% | 2.3% | ||
| Q1 24 | 2.7% | 2.1% |
| Q4 25 | — | 3.55× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 2.01× | ||
| Q1 25 | — | -1.04× | ||
| Q4 24 | — | 7.70× | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | — | 2.21× |
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% |
PGC
| Banking Segment | $61.4M | 79% |
| Wealth Management Division | $13.9M | 18% |
| Other | $2.9M | 4% |
