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Side-by-side financial comparison of Fat Brands, Inc (FAT) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $137.0M, roughly 1.0× STRATASYS LTD.). STRATASYS LTD. runs the higher net margin — -40.6% vs -41.6%, a 1.0% gap on every dollar of revenue. On growth, STRATASYS LTD. posted the faster year-over-year revenue change (-2.2% vs -2.3%). STRATASYS LTD. produced more free cash flow last quarter ($2.5M 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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
FAT vs SSYS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $137.0M |
| Net Profit | $-58.2M | $-55.6M |
| Gross Margin | — | 41.0% |
| Operating Margin | -12.4% | -16.6% |
| Net Margin | -41.6% | -40.6% |
| Revenue YoY | -2.3% | -2.2% |
| Net Profit YoY | -30.1% | -109.0% |
| EPS (diluted) | $-3.39 | — |
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.
| Q3 25 | $140.0M | $137.0M | ||
| Q2 25 | $146.8M | $138.1M | ||
| Q1 25 | $142.0M | $136.0M | ||
| Q4 24 | $145.3M | — | ||
| Q3 24 | $143.4M | $140.0M | ||
| Q2 24 | $152.0M | $138.0M | ||
| Q1 24 | $152.0M | $144.1M | ||
| Q4 23 | $158.6M | — |
| Q3 25 | $-58.2M | $-55.6M | ||
| Q2 25 | $-54.2M | $-16.7M | ||
| Q1 25 | $-46.0M | $-13.1M | ||
| Q4 24 | $-67.4M | — | ||
| Q3 24 | $-44.8M | $-26.6M | ||
| Q2 24 | $-39.4M | $-25.7M | ||
| Q1 24 | $-38.3M | $-26.0M | ||
| Q4 23 | $-26.2M | — |
| Q3 25 | — | 41.0% | ||
| Q2 25 | — | 43.1% | ||
| Q1 25 | — | 44.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 44.8% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 44.4% | ||
| Q4 23 | — | — |
| Q3 25 | -12.4% | -16.6% | ||
| Q2 25 | -10.6% | -12.0% | ||
| Q1 25 | -6.0% | -9.1% | ||
| Q4 24 | -27.1% | — | ||
| Q3 24 | -6.2% | -18.2% | ||
| Q2 24 | -1.8% | -18.9% | ||
| Q1 24 | -0.9% | -17.0% | ||
| Q4 23 | -2.0% | — |
| Q3 25 | -41.6% | -40.6% | ||
| Q2 25 | -36.9% | -12.1% | ||
| Q1 25 | -32.4% | -9.6% | ||
| Q4 24 | -46.4% | — | ||
| Q3 24 | -31.2% | -19.0% | ||
| Q2 24 | -25.9% | -18.6% | ||
| Q1 24 | -25.2% | -18.0% | ||
| Q4 23 | -16.5% | — |
| Q3 25 | $-3.39 | — | ||
| Q2 25 | $-3.17 | — | ||
| Q1 25 | $-2.73 | — | ||
| Q4 24 | $-4.06 | — | ||
| Q3 24 | $-2.74 | — | ||
| Q2 24 | $-2.43 | — | ||
| Q1 24 | $-2.37 | — | ||
| Q4 23 | $-1.68 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $71.5M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $852.5M |
| Total Assets | $1.2B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $71.5M | ||
| Q2 25 | — | $71.1M | ||
| Q1 25 | — | $70.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $64.0M | ||
| Q2 24 | — | $70.9M | ||
| Q1 24 | — | $91.1M | ||
| Q4 23 | — | — |
| 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 23 | $1.2B | — |
| Q3 25 | $-585.8M | $852.5M | ||
| Q2 25 | $-536.5M | $902.4M | ||
| Q1 25 | $-493.9M | $784.8M | ||
| Q4 24 | $-455.7M | — | ||
| Q3 24 | $-386.1M | $831.8M | ||
| Q2 24 | $-338.6M | $850.5M | ||
| Q1 24 | $-296.8M | $866.1M | ||
| Q4 23 | $-255.9M | — |
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B | ||
| Q4 23 | $1.4B | — |
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 | $6.9M |
| Free Cash FlowOCF − Capex | $-16.9M | $2.5M |
| FCF MarginFCF / Revenue | -12.1% | 1.8% |
| Capex IntensityCapex / Revenue | 1.7% | 3.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-14.5M | $6.9M | ||
| Q2 25 | $-26.9M | $-1.1M | ||
| Q1 25 | $-13.2M | $4.5M | ||
| Q4 24 | $-10.4M | — | ||
| Q3 24 | $-3.2M | $-4.5M | ||
| Q2 24 | $-14.2M | $-2.4M | ||
| Q1 24 | $-28.4M | $7.3M | ||
| Q4 23 | $-12.6M | — |
| Q3 25 | $-16.9M | $2.5M | ||
| Q2 25 | $-29.3M | $-8.4M | ||
| Q1 25 | $-17.8M | $789.0K | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | $-11.1M | $-6.3M | ||
| Q2 24 | $-24.4M | $-4.9M | ||
| Q1 24 | $-32.5M | $5.0M | ||
| Q4 23 | $-18.0M | — |
| Q3 25 | -12.1% | 1.8% | ||
| Q2 25 | -20.0% | -6.1% | ||
| Q1 25 | -12.5% | 0.6% | ||
| Q4 24 | -7.6% | — | ||
| Q3 24 | -7.7% | -4.5% | ||
| Q2 24 | -16.1% | -3.6% | ||
| Q1 24 | -21.4% | 3.5% | ||
| Q4 23 | -11.4% | — |
| Q3 25 | 1.7% | 3.2% | ||
| Q2 25 | 1.6% | 5.3% | ||
| Q1 25 | 3.2% | 2.8% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.5% | 1.3% | ||
| Q2 24 | 6.7% | 1.8% | ||
| Q1 24 | 2.7% | 1.6% | ||
| Q4 23 | 3.4% | — |
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% |
SSYS
Segment breakdown not available.
