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Side-by-side financial comparison of Fat Brands, Inc (FAT) and SITIME Corp (SITM). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $113.3M, roughly 1.2× SITIME Corp). SITIME Corp runs the higher net margin — 8.1% vs -41.6%, a 49.7% gap on every dollar of revenue. On growth, SITIME Corp posted the faster year-over-year revenue change (66.3% vs -2.3%). SITIME Corp produced more free cash flow last quarter ($13.0M vs $-16.9M). Over the past eight quarters, SITIME Corp's revenue compounded faster (85.2% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
SiTime Corporation is a publicly traded fabless chipmaker based in Santa Clara, California that develops micro-electromechanical systems (MEMS), used for timing devices in electronics.
FAT vs SITM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $113.3M |
| Net Profit | $-58.2M | $9.2M |
| Gross Margin | — | 56.4% |
| Operating Margin | -12.4% | 1.6% |
| Net Margin | -41.6% | 8.1% |
| Revenue YoY | -2.3% | 66.3% |
| Net Profit YoY | -30.1% | 148.7% |
| EPS (diluted) | $-3.39 | $0.44 |
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 | — | $113.3M | ||
| Q3 25 | $140.0M | $83.6M | ||
| Q2 25 | $146.8M | $69.5M | ||
| Q1 25 | $142.0M | $60.3M | ||
| Q4 24 | $145.3M | $68.1M | ||
| Q3 24 | $143.4M | $57.7M | ||
| Q2 24 | $152.0M | $43.9M | ||
| Q1 24 | $152.0M | $33.0M |
| Q4 25 | — | $9.2M | ||
| Q3 25 | $-58.2M | $-8.0M | ||
| Q2 25 | $-54.2M | $-20.2M | ||
| Q1 25 | $-46.0M | $-23.9M | ||
| Q4 24 | $-67.4M | $-18.8M | ||
| Q3 24 | $-44.8M | $-19.3M | ||
| Q2 24 | $-39.4M | $-26.8M | ||
| Q1 24 | $-38.3M | $-28.7M |
| Q4 25 | — | 56.4% | ||
| Q3 25 | — | 53.5% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.3% | ||
| Q4 24 | — | 52.6% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.1% | ||
| Q1 24 | — | 53.5% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | -12.4% | -19.2% | ||
| Q2 25 | -10.6% | -35.4% | ||
| Q1 25 | -6.0% | -46.6% | ||
| Q4 24 | -27.1% | -33.8% | ||
| Q3 24 | -6.2% | -43.1% | ||
| Q2 24 | -1.8% | -73.7% | ||
| Q1 24 | -0.9% | -106.1% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | -41.6% | -9.6% | ||
| Q2 25 | -36.9% | -29.0% | ||
| Q1 25 | -32.4% | -39.6% | ||
| Q4 24 | -46.4% | -27.6% | ||
| Q3 24 | -31.2% | -33.5% | ||
| Q2 24 | -25.9% | -61.0% | ||
| Q1 24 | -25.2% | -86.9% |
| Q4 25 | — | $0.44 | ||
| Q3 25 | $-3.39 | $-0.31 | ||
| Q2 25 | $-3.17 | $-0.84 | ||
| Q1 25 | $-2.73 | $-1.01 | ||
| Q4 24 | $-4.06 | $-0.80 | ||
| Q3 24 | $-2.74 | $-0.83 | ||
| Q2 24 | $-2.43 | $-1.16 | ||
| Q1 24 | $-2.37 | $-1.26 |
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 | — |
| Stockholders' EquityBook value | $-585.8M | $1.2B |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | $1.2B | ||
| Q3 25 | $-585.8M | $1.1B | ||
| Q2 25 | $-536.5M | $1.1B | ||
| Q1 25 | $-493.9M | $692.5M | ||
| Q4 24 | $-455.7M | $699.7M | ||
| Q3 24 | $-386.1M | $696.2M | ||
| Q2 24 | $-338.6M | $692.5M | ||
| Q1 24 | $-296.8M | $696.2M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.3B | $872.1M | ||
| Q4 24 | $1.3B | $885.0M | ||
| Q3 24 | $1.3B | $877.9M | ||
| Q2 24 | $1.4B | $878.6M | ||
| Q1 24 | $1.4B | $942.6M |
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 | $25.4M |
| Free Cash FlowOCF − Capex | $-16.9M | $13.0M |
| FCF MarginFCF / Revenue | -12.1% | 11.5% |
| Capex IntensityCapex / Revenue | 1.7% | 10.9% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $35.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.4M | ||
| Q3 25 | $-14.5M | $31.4M | ||
| Q2 25 | $-26.9M | $15.3M | ||
| Q1 25 | $-13.2M | $15.0M | ||
| Q4 24 | $-10.4M | $13.5M | ||
| Q3 24 | $-3.2M | $8.2M | ||
| Q2 24 | $-14.2M | $-181.0K | ||
| Q1 24 | $-28.4M | $1.7M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | $-16.9M | $26.3M | ||
| Q2 25 | $-29.3M | $-2.9M | ||
| Q1 25 | $-17.8M | $-1.3M | ||
| Q4 24 | $-11.0M | $-2.4M | ||
| Q3 24 | $-11.1M | $-6.7M | ||
| Q2 24 | $-24.4M | $-2.7M | ||
| Q1 24 | $-32.5M | $-1.2M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | -12.1% | 31.5% | ||
| Q2 25 | -20.0% | -4.2% | ||
| Q1 25 | -12.5% | -2.1% | ||
| Q4 24 | -7.6% | -3.5% | ||
| Q3 24 | -7.7% | -11.6% | ||
| Q2 24 | -16.1% | -6.3% | ||
| Q1 24 | -21.4% | -3.6% |
| Q4 25 | — | 10.9% | ||
| Q3 25 | 1.7% | 6.1% | ||
| Q2 25 | 1.6% | 26.2% | ||
| Q1 25 | 3.2% | 27.0% | ||
| Q4 24 | 0.4% | 23.3% | ||
| Q3 24 | 5.5% | 25.7% | ||
| Q2 24 | 6.7% | 5.8% | ||
| Q1 24 | 2.7% | 8.8% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
SITM
Segment breakdown not available.
