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Side-by-side financial comparison of Fat Brands, Inc (FAT) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $140.0M, roughly 1.5× Fat Brands, Inc). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -41.6%, a 60.4% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -2.3%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
FAT vs RAMP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $212.2M |
| Net Profit | $-58.2M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | -12.4% | 18.6% |
| Net Margin | -41.6% | 18.8% |
| Revenue YoY | -2.3% | 8.6% |
| Net Profit YoY | -30.1% | 255.7% |
| EPS (diluted) | $-3.39 | $0.62 |
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 | — | $212.2M | ||
| Q3 25 | $140.0M | $199.8M | ||
| Q2 25 | $146.8M | $194.8M | ||
| Q1 25 | $142.0M | $188.7M | ||
| Q4 24 | $145.3M | $195.4M | ||
| Q3 24 | $143.4M | $185.5M | ||
| Q2 24 | $152.0M | $176.0M | ||
| Q1 24 | $152.0M | $171.9M |
| Q4 25 | — | $39.9M | ||
| Q3 25 | $-58.2M | $27.4M | ||
| Q2 25 | $-54.2M | $7.7M | ||
| Q1 25 | $-46.0M | $-6.3M | ||
| Q4 24 | $-67.4M | $11.2M | ||
| Q3 24 | $-44.8M | $1.7M | ||
| Q2 24 | $-39.4M | $-7.5M | ||
| Q1 24 | $-38.3M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | — | 18.6% | ||
| Q3 25 | -12.4% | 10.7% | ||
| Q2 25 | -10.6% | 3.7% | ||
| Q1 25 | -6.0% | -6.1% | ||
| Q4 24 | -27.1% | 7.5% | ||
| Q3 24 | -6.2% | 4.0% | ||
| Q2 24 | -1.8% | -3.0% | ||
| Q1 24 | -0.9% | -8.3% |
| Q4 25 | — | 18.8% | ||
| Q3 25 | -41.6% | 13.7% | ||
| Q2 25 | -36.9% | 4.0% | ||
| Q1 25 | -32.4% | -3.3% | ||
| Q4 24 | -46.4% | 5.7% | ||
| Q3 24 | -31.2% | 0.9% | ||
| Q2 24 | -25.9% | -4.3% | ||
| Q1 24 | -25.2% | -3.1% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $-3.39 | $0.42 | ||
| Q2 25 | $-3.17 | $0.12 | ||
| Q1 25 | $-2.73 | $-0.10 | ||
| Q4 24 | $-4.06 | $0.17 | ||
| Q3 24 | $-2.74 | $0.03 | ||
| Q2 24 | $-2.43 | $-0.11 | ||
| Q1 24 | $-2.37 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $403.4M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $962.3M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $403.4M | ||
| Q3 25 | — | $376.9M | ||
| Q2 25 | — | $371.1M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | — | $384.3M | ||
| Q3 24 | — | $348.4M | ||
| Q2 24 | — | $342.7M | ||
| Q1 24 | — | $368.9M |
| 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 | — | $962.3M | ||
| Q3 25 | $-585.8M | $943.8M | ||
| Q2 25 | $-536.5M | $947.8M | ||
| Q1 25 | $-493.9M | $948.9M | ||
| Q4 24 | $-455.7M | $957.7M | ||
| Q3 24 | $-386.1M | $932.1M | ||
| Q2 24 | $-338.6M | $951.9M | ||
| Q1 24 | $-296.8M | $949.1M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
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% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $-14.5M | $57.4M | ||
| Q2 25 | $-26.9M | $-15.8M | ||
| Q1 25 | $-13.2M | — | ||
| Q4 24 | $-10.4M | $45.1M | ||
| Q3 24 | $-3.2M | $55.6M | ||
| Q2 24 | $-14.2M | $-9.3M | ||
| Q1 24 | $-28.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | $-16.9M | $56.8M | ||
| Q2 25 | $-29.3M | $-16.2M | ||
| Q1 25 | $-17.8M | — | ||
| Q4 24 | $-11.0M | $44.8M | ||
| Q3 24 | $-11.1M | $55.4M | ||
| Q2 24 | $-24.4M | $-9.6M | ||
| Q1 24 | $-32.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | -12.1% | 28.4% | ||
| Q2 25 | -20.0% | -8.3% | ||
| Q1 25 | -12.5% | — | ||
| Q4 24 | -7.6% | 22.9% | ||
| Q3 24 | -7.7% | 29.8% | ||
| Q2 24 | -16.1% | -5.4% | ||
| Q1 24 | -21.4% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 0.4% | 0.1% | ||
| Q3 24 | 5.5% | 0.1% | ||
| Q2 24 | 6.7% | 0.1% | ||
| Q1 24 | 2.7% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| 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% |
RAMP
Segment breakdown not available.
