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Side-by-side financial comparison of Fat Brands, Inc (FAT) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $121.1M, roughly 1.2× Porch Group, Inc.). Porch Group, Inc. runs the higher net margin — -3.9% vs -41.6%, a 37.7% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs -2.3%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
FAT vs PRCH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $121.1M |
| Net Profit | $-58.2M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | -12.4% | 34.7% |
| Net Margin | -41.6% | -3.9% |
| Revenue YoY | -2.3% | 100.0% |
| Net Profit YoY | -30.1% | 2.0% |
| 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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | — | $112.3M | ||
| Q3 25 | $140.0M | $115.1M | ||
| Q2 25 | $146.8M | $107.0M | ||
| Q1 25 | $142.0M | $84.5M | ||
| Q4 24 | $145.3M | $75.3M | ||
| Q3 24 | $143.4M | $77.7M | ||
| Q2 24 | $152.0M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | — | $-3.5M | ||
| Q3 25 | $-58.2M | $-10.9M | ||
| Q2 25 | $-54.2M | $2.6M | ||
| Q1 25 | $-46.0M | $8.4M | ||
| Q4 24 | $-67.4M | $30.5M | ||
| Q3 24 | $-44.8M | $14.4M | ||
| Q2 24 | $-39.4M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | -12.4% | 14.2% | ||
| Q2 25 | -10.6% | 4.7% | ||
| Q1 25 | -6.0% | -1.5% | ||
| Q4 24 | -27.1% | 33.3% | ||
| Q3 24 | -6.2% | -3.2% | ||
| Q2 24 | -1.8% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | -41.6% | -9.4% | ||
| Q2 25 | -36.9% | 2.4% | ||
| Q1 25 | -32.4% | 9.9% | ||
| Q4 24 | -46.4% | 40.5% | ||
| Q3 24 | -31.2% | 18.5% | ||
| Q2 24 | -25.9% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | — | $0.00 | ||
| Q3 25 | $-3.39 | $-0.10 | ||
| Q2 25 | $-3.17 | $0.00 | ||
| Q1 25 | $-2.73 | $0.07 | ||
| Q4 24 | $-4.06 | $0.34 | ||
| Q3 24 | $-2.74 | $0.12 | ||
| Q2 24 | $-2.43 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $68.4M |
| Total DebtLower is stronger | $1.3B | $391.3M |
| Stockholders' EquityBook value | $-585.8M | $26.3M |
| Total Assets | $1.2B | $806.6M |
| Debt / EquityLower = less leverage | — | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | — | $57.3M | ||
| Q3 25 | — | $85.0M | ||
| Q2 25 | — | $79.8M | ||
| Q1 25 | — | $70.4M | ||
| Q4 24 | — | $191.7M | ||
| Q3 24 | — | $238.6M | ||
| Q2 24 | — | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | — | $392.8M | ||
| Q3 25 | $1.3B | $387.1M | ||
| Q2 25 | $1.3B | $394.1M | ||
| Q1 25 | $1.3B | $409.2M | ||
| Q4 24 | $1.3B | $403.9M | ||
| Q3 24 | $1.2B | $399.0M | ||
| Q2 24 | $1.2B | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | — | $-24.6M | ||
| Q3 25 | $-585.8M | $-27.9M | ||
| Q2 25 | $-536.5M | $-29.3M | ||
| Q1 25 | $-493.9M | $-52.4M | ||
| Q4 24 | $-455.7M | $-43.2M | ||
| Q3 24 | $-386.1M | $-77.0M | ||
| Q2 24 | $-338.6M | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | — | $797.4M | ||
| Q3 25 | $1.2B | $787.7M | ||
| Q2 25 | $1.2B | $770.7M | ||
| Q1 25 | $1.3B | $802.3M | ||
| Q4 24 | $1.3B | $814.0M | ||
| Q3 24 | $1.3B | $867.3M | ||
| Q2 24 | $1.4B | $876.1M |
| Q1 26 | — | 14.87× | ||
| 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 | — | $1.2M | ||
| Q3 25 | $-14.5M | $40.8M | ||
| Q2 25 | $-26.9M | $35.6M | ||
| Q1 25 | $-13.2M | $-11.2M | ||
| Q4 24 | $-10.4M | $-26.6M | ||
| Q3 24 | $-3.2M | $12.4M | ||
| Q2 24 | $-14.2M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1M | ||
| Q3 25 | $-16.9M | $40.7M | ||
| Q2 25 | $-29.3M | $35.4M | ||
| Q1 25 | $-17.8M | $-11.2M | ||
| Q4 24 | $-11.0M | $-26.8M | ||
| Q3 24 | $-11.1M | $12.2M | ||
| Q2 24 | $-24.4M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | -12.1% | 35.4% | ||
| Q2 25 | -20.0% | 33.0% | ||
| Q1 25 | -12.5% | -13.3% | ||
| Q4 24 | -7.6% | -35.6% | ||
| Q3 24 | -7.7% | 15.7% | ||
| Q2 24 | -16.1% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 3.2% | 0.1% | ||
| Q4 24 | 0.4% | 0.3% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 6.7% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 13.79× | ||
| Q1 25 | — | -1.33× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 0.86× | ||
| Q2 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% |
PRCH
Segment breakdown not available.
