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Side-by-side financial comparison of Fat Brands, Inc (FAT) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $140.0M, roughly 1.7× Fat Brands, Inc). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -41.6%, a 43.9% gap on every dollar of revenue. On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -12.3%). RADIANT LOGISTICS, INC produced more free cash flow last quarter ($11.6M vs $-16.9M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
FAT vs RLGT — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $232.1M |
| Net Profit | $-58.2M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | 3.2% |
| Net Margin | -41.6% | 2.3% |
| Revenue YoY | -2.3% | -12.3% |
| Net Profit YoY | -30.1% | -18.0% |
| EPS (diluted) | $-3.39 | $0.11 |
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 | — | $232.1M | ||
| Q3 25 | $140.0M | $226.7M | ||
| Q2 25 | $146.8M | $220.6M | ||
| Q1 25 | $142.0M | $214.0M | ||
| Q4 24 | $145.3M | $264.5M | ||
| Q3 24 | $143.4M | $203.6M | ||
| Q2 24 | $152.0M | $206.0M | ||
| Q1 24 | $152.0M | $184.6M |
| Q4 25 | — | $5.3M | ||
| Q3 25 | $-58.2M | $1.3M | ||
| Q2 25 | $-54.2M | $4.9M | ||
| Q1 25 | $-46.0M | $2.5M | ||
| Q4 24 | $-67.4M | $6.5M | ||
| Q3 24 | $-44.8M | $3.4M | ||
| Q2 24 | $-39.4M | $4.8M | ||
| Q1 24 | $-38.3M | $-703.0K |
| Q4 25 | — | 3.2% | ||
| Q3 25 | -12.4% | 0.9% | ||
| Q2 25 | -10.6% | 2.4% | ||
| Q1 25 | -6.0% | 1.6% | ||
| Q4 24 | -27.1% | 3.3% | ||
| Q3 24 | -6.2% | 1.9% | ||
| Q2 24 | -1.8% | 2.4% | ||
| Q1 24 | -0.9% | -0.5% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | -41.6% | 0.6% | ||
| Q2 25 | -36.9% | 2.2% | ||
| Q1 25 | -32.4% | 1.2% | ||
| Q4 24 | -46.4% | 2.4% | ||
| Q3 24 | -31.2% | 1.7% | ||
| Q2 24 | -25.9% | 2.3% | ||
| Q1 24 | -25.2% | -0.4% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $-3.39 | $0.03 | ||
| Q2 25 | $-3.17 | $0.10 | ||
| Q1 25 | $-2.73 | $0.05 | ||
| Q4 24 | $-4.06 | $0.13 | ||
| Q3 24 | $-2.74 | $0.07 | ||
| Q2 24 | $-2.43 | $0.11 | ||
| Q1 24 | $-2.37 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $31.9M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $229.8M |
| Total Assets | $1.2B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $28.1M | ||
| Q2 25 | — | $22.9M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $24.9M | ||
| Q1 24 | — | $31.2M |
| 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 | — | $229.8M | ||
| Q3 25 | $-585.8M | $225.7M | ||
| Q2 25 | $-536.5M | $226.0M | ||
| Q1 25 | $-493.9M | $218.2M | ||
| Q4 24 | $-455.7M | $214.4M | ||
| Q3 24 | $-386.1M | $212.4M | ||
| Q2 24 | $-338.6M | $209.4M | ||
| Q1 24 | $-296.8M | $206.0M |
| Q4 25 | — | $439.4M | ||
| Q3 25 | $1.2B | $445.3M | ||
| Q2 25 | $1.2B | $426.8M | ||
| Q1 25 | $1.3B | $414.5M | ||
| Q4 24 | $1.3B | $386.8M | ||
| Q3 24 | $1.3B | $375.3M | ||
| Q2 24 | $1.4B | $371.2M | ||
| Q1 24 | $1.4B | $364.0M |
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 | $12.4M |
| Free Cash FlowOCF − Capex | $-16.9M | $11.6M |
| FCF MarginFCF / Revenue | -12.1% | 5.0% |
| Capex IntensityCapex / Revenue | 1.7% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.4M | ||
| Q3 25 | $-14.5M | $2.5M | ||
| Q2 25 | $-26.9M | $3.1M | ||
| Q1 25 | $-13.2M | $-5.7M | ||
| Q4 24 | $-10.4M | $15.7M | ||
| Q3 24 | $-3.2M | $205.0K | ||
| Q2 24 | $-14.2M | $1.3M | ||
| Q1 24 | $-28.4M | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $-16.9M | $977.0K | ||
| Q2 25 | $-29.3M | $2.2M | ||
| Q1 25 | $-17.8M | $-6.4M | ||
| Q4 24 | $-11.0M | $14.1M | ||
| Q3 24 | $-11.1M | $-1.9M | ||
| Q2 24 | $-24.4M | $-185.0K | ||
| Q1 24 | $-32.5M | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | -12.1% | 0.4% | ||
| Q2 25 | -20.0% | 1.0% | ||
| Q1 25 | -12.5% | -3.0% | ||
| Q4 24 | -7.6% | 5.3% | ||
| Q3 24 | -7.7% | -0.9% | ||
| Q2 24 | -16.1% | -0.1% | ||
| Q1 24 | -21.4% | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.6% | 0.4% | ||
| Q1 25 | 3.2% | 0.3% | ||
| Q4 24 | 0.4% | 0.6% | ||
| Q3 24 | 5.5% | 1.0% | ||
| Q2 24 | 6.7% | 0.7% | ||
| Q1 24 | 2.7% | 1.2% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
