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Side-by-side financial comparison of Fat Brands, Inc (FAT) and SIMMONS FIRST NATIONAL CORP (SFNC). Click either name above to swap in a different company.
SIMMONS FIRST NATIONAL CORP is the larger business by last-quarter revenue ($197.3M vs $140.0M, roughly 1.4× Fat Brands, Inc). On growth, SIMMONS FIRST NATIONAL CORP posted the faster year-over-year revenue change (19.6% vs -2.3%). SIMMONS FIRST NATIONAL CORP produced more free cash flow last quarter ($411.4M vs $-16.9M). Over the past eight quarters, SIMMONS FIRST NATIONAL CORP's revenue compounded faster (0.6% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.
FAT vs SFNC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $197.3M |
| Net Profit | $-58.2M | — |
| Gross Margin | — | — |
| Operating Margin | -12.4% | — |
| Net Margin | -41.6% | — |
| Revenue YoY | -2.3% | 19.6% |
| Net Profit YoY | -30.1% | — |
| EPS (diluted) | $-3.39 | $0.36 |
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 | — | $197.3M | ||
| Q3 25 | $140.0M | $186.7M | ||
| Q2 25 | $146.8M | $214.2M | ||
| Q1 25 | $142.0M | $209.6M | ||
| Q4 24 | $145.3M | $208.5M | ||
| Q3 24 | $143.4M | $174.8M | ||
| Q2 24 | $152.0M | $197.2M | ||
| Q1 24 | $152.0M | $195.1M |
| Q4 25 | — | — | ||
| Q3 25 | $-58.2M | $-562.8M | ||
| Q2 25 | $-54.2M | $54.8M | ||
| Q1 25 | $-46.0M | $32.4M | ||
| Q4 24 | $-67.4M | — | ||
| Q3 24 | $-44.8M | $24.7M | ||
| Q2 24 | $-39.4M | $40.8M | ||
| Q1 24 | $-38.3M | $38.9M |
| Q4 25 | — | — | ||
| Q3 25 | -12.4% | — | ||
| Q2 25 | -10.6% | — | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | -27.1% | — | ||
| Q3 24 | -6.2% | — | ||
| Q2 24 | -1.8% | — | ||
| Q1 24 | -0.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | -41.6% | -301.5% | ||
| Q2 25 | -36.9% | 25.6% | ||
| Q1 25 | -32.4% | 15.5% | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -31.2% | 14.1% | ||
| Q2 24 | -25.9% | 20.7% | ||
| Q1 24 | -25.2% | 19.9% |
| Q4 25 | — | $0.36 | ||
| Q3 25 | $-3.39 | $-4.00 | ||
| Q2 25 | $-3.17 | $0.43 | ||
| Q1 25 | $-2.73 | $0.26 | ||
| Q4 24 | $-4.06 | $0.38 | ||
| Q3 24 | $-2.74 | $0.20 | ||
| Q2 24 | $-2.43 | $0.32 | ||
| Q1 24 | $-2.37 | $0.31 |
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 | $620.0M |
| Stockholders' EquityBook value | $-585.8M | $3.4B |
| Total Assets | $1.2B | $24.5B |
| Debt / EquityLower = less leverage | — | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $620.0M | ||
| Q3 25 | $1.3B | $667.8M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $-585.8M | $3.4B | ||
| Q2 25 | $-536.5M | $3.5B | ||
| Q1 25 | $-493.9M | $3.5B | ||
| Q4 24 | $-455.7M | $3.5B | ||
| Q3 24 | $-386.1M | $3.5B | ||
| Q2 24 | $-338.6M | $3.5B | ||
| Q1 24 | $-296.8M | $3.4B |
| Q4 25 | — | $24.5B | ||
| Q3 25 | $1.2B | $24.2B | ||
| Q2 25 | $1.2B | $26.7B | ||
| Q1 25 | $1.3B | $26.8B | ||
| Q4 24 | $1.3B | $26.9B | ||
| Q3 24 | $1.3B | $27.3B | ||
| Q2 24 | $1.4B | $27.4B | ||
| Q1 24 | $1.4B | $27.4B |
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.36× |
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 | $449.5M |
| Free Cash FlowOCF − Capex | $-16.9M | $411.4M |
| FCF MarginFCF / Revenue | -12.1% | 208.5% |
| Capex IntensityCapex / Revenue | 1.7% | 19.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $717.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $449.5M | ||
| Q3 25 | $-14.5M | $223.4M | ||
| Q2 25 | $-26.9M | $77.6M | ||
| Q1 25 | $-13.2M | $32.8M | ||
| Q4 24 | $-10.4M | $425.9M | ||
| Q3 24 | $-3.2M | $199.4M | ||
| Q2 24 | $-14.2M | $86.1M | ||
| Q1 24 | $-28.4M | $57.6M |
| Q4 25 | — | $411.4M | ||
| Q3 25 | $-16.9M | $216.7M | ||
| Q2 25 | $-29.3M | $66.3M | ||
| Q1 25 | $-17.8M | $22.6M | ||
| Q4 24 | $-11.0M | $380.4M | ||
| Q3 24 | $-11.1M | $187.7M | ||
| Q2 24 | $-24.4M | $72.7M | ||
| Q1 24 | $-32.5M | $47.7M |
| Q4 25 | — | 208.5% | ||
| Q3 25 | -12.1% | 116.1% | ||
| Q2 25 | -20.0% | 31.0% | ||
| Q1 25 | -12.5% | 10.8% | ||
| Q4 24 | -7.6% | 182.5% | ||
| Q3 24 | -7.7% | 107.4% | ||
| Q2 24 | -16.1% | 36.9% | ||
| Q1 24 | -21.4% | 24.5% |
| Q4 25 | — | 19.3% | ||
| Q3 25 | 1.7% | 3.6% | ||
| Q2 25 | 1.6% | 5.3% | ||
| Q1 25 | 3.2% | 4.8% | ||
| Q4 24 | 0.4% | 21.8% | ||
| Q3 24 | 5.5% | 6.7% | ||
| Q2 24 | 6.7% | 6.8% | ||
| Q1 24 | 2.7% | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.06× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.48× |
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% |
SFNC
Segment breakdown not available.
