vs
Side-by-side financial comparison of Fat Brands, Inc (FAT) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
STURM RUGER & CO INC is the larger business by last-quarter revenue ($151.1M vs $140.0M, roughly 1.1× Fat Brands, Inc). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs -2.3%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $-16.9M). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
FAT vs RGR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $151.1M |
| Net Profit | $-58.2M | — |
| Gross Margin | — | 17.8% |
| Operating Margin | -12.4% | 2.3% |
| Net Margin | -41.6% | — |
| Revenue YoY | -2.3% | 3.6% |
| Net Profit YoY | -30.1% | — |
| EPS (diluted) | $-3.39 | $0.22 |
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 | — | $151.1M | ||
| Q3 25 | $140.0M | $126.8M | ||
| Q2 25 | $146.8M | $132.5M | ||
| Q1 25 | $142.0M | $135.7M | ||
| Q4 24 | $145.3M | $145.8M | ||
| Q3 24 | $143.4M | $122.3M | ||
| Q2 24 | $152.0M | $130.8M | ||
| Q1 24 | $152.0M | $136.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-58.2M | $1.6M | ||
| Q2 25 | $-54.2M | $-17.2M | ||
| Q1 25 | $-46.0M | $7.8M | ||
| Q4 24 | $-67.4M | — | ||
| Q3 24 | $-44.8M | $4.7M | ||
| Q2 24 | $-39.4M | $8.3M | ||
| Q1 24 | $-38.3M | $7.1M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | -12.4% | -2.7% | ||
| Q2 25 | -10.6% | -15.6% | ||
| Q1 25 | -6.0% | 6.2% | ||
| Q4 24 | -27.1% | 7.8% | ||
| Q3 24 | -6.2% | 3.1% | ||
| Q2 24 | -1.8% | 6.9% | ||
| Q1 24 | -0.9% | 5.5% |
| Q4 25 | — | — | ||
| Q3 25 | -41.6% | 1.2% | ||
| Q2 25 | -36.9% | -13.0% | ||
| Q1 25 | -32.4% | 5.7% | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -31.2% | 3.9% | ||
| Q2 24 | -25.9% | 6.3% | ||
| Q1 24 | -25.2% | 5.2% |
| Q4 25 | — | $0.22 | ||
| Q3 25 | $-3.39 | $0.10 | ||
| Q2 25 | $-3.17 | $-1.05 | ||
| Q1 25 | $-2.73 | $0.46 | ||
| Q4 24 | $-4.06 | $0.62 | ||
| Q3 24 | $-2.74 | $0.28 | ||
| Q2 24 | $-2.43 | $0.47 | ||
| Q1 24 | $-2.37 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $92.5M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $283.8M |
| Total Assets | $1.2B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $92.5M | ||
| Q3 25 | — | $80.8M | ||
| Q2 25 | — | $101.4M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $96.0M | ||
| Q2 24 | — | $105.6M | ||
| Q1 24 | — | $115.3M |
| 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 | — | $283.8M | ||
| Q3 25 | $-585.8M | $279.6M | ||
| Q2 25 | $-536.5M | $289.3M | ||
| Q1 25 | $-493.9M | $321.5M | ||
| Q4 24 | $-455.7M | $319.6M | ||
| Q3 24 | $-386.1M | $314.9M | ||
| Q2 24 | $-338.6M | $321.5M | ||
| Q1 24 | $-296.8M | $332.0M |
| Q4 25 | — | $342.0M | ||
| Q3 25 | $1.2B | $342.3M | ||
| Q2 25 | $1.2B | $349.5M | ||
| Q1 25 | $1.3B | $379.0M | ||
| Q4 24 | $1.3B | $384.0M | ||
| Q3 24 | $1.3B | $373.5M | ||
| Q2 24 | $1.4B | $376.7M | ||
| Q1 24 | $1.4B | $385.0M |
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 | $15.5M |
| Free Cash FlowOCF − Capex | $-16.9M | $12.3M |
| FCF MarginFCF / Revenue | -12.1% | 8.2% |
| Capex IntensityCapex / Revenue | 1.7% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.5M | ||
| Q3 25 | $-14.5M | $12.9M | ||
| Q2 25 | $-26.9M | $14.7M | ||
| Q1 25 | $-13.2M | $11.1M | ||
| Q4 24 | $-10.4M | $20.0M | ||
| Q3 24 | $-3.2M | $9.4M | ||
| Q2 24 | $-14.2M | $18.7M | ||
| Q1 24 | $-28.4M | $7.3M |
| Q4 25 | — | $12.3M | ||
| Q3 25 | $-16.9M | $7.0M | ||
| Q2 25 | $-29.3M | $9.1M | ||
| Q1 25 | $-17.8M | $10.0M | ||
| Q4 24 | $-11.0M | $16.4M | ||
| Q3 24 | $-11.1M | $2.6M | ||
| Q2 24 | $-24.4M | $10.1M | ||
| Q1 24 | $-32.5M | $5.6M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | -12.1% | 5.5% | ||
| Q2 25 | -20.0% | 6.9% | ||
| Q1 25 | -12.5% | 7.4% | ||
| Q4 24 | -7.6% | 11.2% | ||
| Q3 24 | -7.7% | 2.1% | ||
| Q2 24 | -16.1% | 7.7% | ||
| Q1 24 | -21.4% | 4.1% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 1.7% | 4.6% | ||
| Q2 25 | 1.6% | 4.2% | ||
| Q1 25 | 3.2% | 0.8% | ||
| Q4 24 | 0.4% | 2.5% | ||
| Q3 24 | 5.5% | 5.5% | ||
| Q2 24 | 6.7% | 6.6% | ||
| Q1 24 | 2.7% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
