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Side-by-side financial comparison of Fat Brands, Inc (FAT) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
STONERIDGE INC is the larger business by last-quarter revenue ($205.2M vs $140.0M, roughly 1.5× Fat Brands, Inc). On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -6.0%). STONERIDGE INC produced more free cash flow last quarter ($2.6M vs $-16.9M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -7.4%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
FAT vs SRI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $205.2M |
| Net Profit | $-58.2M | — |
| Gross Margin | — | 16.2% |
| Operating Margin | -12.4% | -14.4% |
| Net Margin | -41.6% | — |
| Revenue YoY | -2.3% | -6.0% |
| Net Profit YoY | -30.1% | — |
| EPS (diluted) | $-3.39 | $-2.76 |
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 | — | $205.2M | ||
| Q3 25 | $140.0M | $210.3M | ||
| Q2 25 | $146.8M | $228.0M | ||
| Q1 25 | $142.0M | $217.9M | ||
| Q4 24 | $145.3M | $218.2M | ||
| Q3 24 | $143.4M | $213.8M | ||
| Q2 24 | $152.0M | $237.1M | ||
| Q1 24 | $152.0M | $239.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-58.2M | $-9.4M | ||
| Q2 25 | $-54.2M | $-9.4M | ||
| Q1 25 | $-46.0M | $-7.2M | ||
| Q4 24 | $-67.4M | — | ||
| Q3 24 | $-44.8M | $-7.1M | ||
| Q2 24 | $-39.4M | $2.8M | ||
| Q1 24 | $-38.3M | $-6.1M |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | — | -14.4% | ||
| Q3 25 | -12.4% | -1.6% | ||
| Q2 25 | -10.6% | -1.1% | ||
| Q1 25 | -6.0% | -1.5% | ||
| Q4 24 | -27.1% | -2.0% | ||
| Q3 24 | -6.2% | 0.1% | ||
| Q2 24 | -1.8% | 1.4% | ||
| Q1 24 | -0.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -41.6% | -4.5% | ||
| Q2 25 | -36.9% | -4.1% | ||
| Q1 25 | -32.4% | -3.3% | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -31.2% | -3.3% | ||
| Q2 24 | -25.9% | 1.2% | ||
| Q1 24 | -25.2% | -2.6% |
| Q4 25 | — | $-2.76 | ||
| Q3 25 | $-3.39 | $-0.34 | ||
| Q2 25 | $-3.17 | $-0.34 | ||
| Q1 25 | $-2.73 | $-0.26 | ||
| Q4 24 | $-4.06 | $-0.22 | ||
| Q3 24 | $-2.74 | $-0.26 | ||
| Q2 24 | $-2.43 | $0.10 | ||
| Q1 24 | $-2.37 | $-0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $66.3M |
| Total DebtLower is stronger | $1.3B | $180.9M |
| Stockholders' EquityBook value | $-585.8M | $179.8M |
| Total Assets | $1.2B | $551.2M |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.3M | ||
| Q3 25 | — | $54.0M | ||
| Q2 25 | — | $49.8M | ||
| Q1 25 | — | $79.1M | ||
| Q4 24 | — | $71.8M | ||
| Q3 24 | — | $54.1M | ||
| Q2 24 | — | $42.1M | ||
| Q1 24 | — | $48.4M |
| Q4 25 | — | $180.9M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $201.6M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $179.8M | ||
| Q3 25 | $-585.8M | $251.2M | ||
| Q2 25 | $-536.5M | $260.5M | ||
| Q1 25 | $-493.9M | $253.1M | ||
| Q4 24 | $-455.7M | $245.3M | ||
| Q3 24 | $-386.1M | $271.4M | ||
| Q2 24 | $-338.6M | $270.5M | ||
| Q1 24 | $-296.8M | $277.3M |
| Q4 25 | — | $551.2M | ||
| Q3 25 | $1.2B | $632.1M | ||
| Q2 25 | $1.2B | $639.4M | ||
| Q1 25 | $1.3B | $657.4M | ||
| Q4 24 | $1.3B | $621.6M | ||
| Q3 24 | $1.3B | $662.5M | ||
| Q2 24 | $1.4B | $666.7M | ||
| Q1 24 | $1.4B | $675.4M |
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.8M |
| Free Cash FlowOCF − Capex | $-16.9M | $2.6M |
| FCF MarginFCF / Revenue | -12.1% | 1.3% |
| Capex IntensityCapex / Revenue | 1.7% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.8M | ||
| Q3 25 | $-14.5M | $3.6M | ||
| Q2 25 | $-26.9M | $10.7M | ||
| Q1 25 | $-13.2M | $10.9M | ||
| Q4 24 | $-10.4M | $19.2M | ||
| Q3 24 | $-3.2M | $10.8M | ||
| Q2 24 | $-14.2M | $8.7M | ||
| Q1 24 | $-28.4M | $9.1M |
| Q4 25 | — | $2.6M | ||
| Q3 25 | $-16.9M | $-2.7M | ||
| Q2 25 | $-29.3M | $7.4M | ||
| Q1 25 | $-17.8M | $4.8M | ||
| Q4 24 | $-11.0M | $14.0M | ||
| Q3 24 | $-11.1M | $4.6M | ||
| Q2 24 | $-24.4M | $1.5M | ||
| Q1 24 | $-32.5M | $3.3M |
| Q4 25 | — | 1.3% | ||
| Q3 25 | -12.1% | -1.3% | ||
| Q2 25 | -20.0% | 3.3% | ||
| Q1 25 | -12.5% | 2.2% | ||
| Q4 24 | -7.6% | 6.4% | ||
| Q3 24 | -7.7% | 2.2% | ||
| Q2 24 | -16.1% | 0.6% | ||
| Q1 24 | -21.4% | 1.4% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | 1.7% | 3.0% | ||
| Q2 25 | 1.6% | 1.4% | ||
| Q1 25 | 3.2% | 2.8% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 5.5% | 2.9% | ||
| Q2 24 | 6.7% | 3.0% | ||
| Q1 24 | 2.7% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.11× | ||
| 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% |
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
