vs
Side-by-side financial comparison of Fat Brands, Inc (FAT) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $103.6M, roughly 1.4× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -41.6%, a 51.8% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -2.3%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-16.9M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
FAT vs TCMD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $103.6M |
| Net Profit | $-58.2M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | -12.4% | 18.1% |
| Net Margin | -41.6% | 10.3% |
| Revenue YoY | -2.3% | 21.0% |
| Net Profit YoY | -30.1% | 9.4% |
| EPS (diluted) | $-3.39 | $0.45 |
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 | — | $103.6M | ||
| Q3 25 | $140.0M | $85.8M | ||
| Q2 25 | $146.8M | $78.9M | ||
| Q1 25 | $142.0M | $61.3M | ||
| Q4 24 | $145.3M | $85.6M | ||
| Q3 24 | $143.4M | $73.1M | ||
| Q2 24 | $152.0M | $73.2M | ||
| Q1 24 | $152.0M | $61.1M |
| Q4 25 | — | $10.6M | ||
| Q3 25 | $-58.2M | $8.2M | ||
| Q2 25 | $-54.2M | $3.2M | ||
| Q1 25 | $-46.0M | $-3.0M | ||
| Q4 24 | $-67.4M | $9.7M | ||
| Q3 24 | $-44.8M | $5.2M | ||
| Q2 24 | $-39.4M | $4.3M | ||
| Q1 24 | $-38.3M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | — | 18.1% | ||
| Q3 25 | -12.4% | 12.8% | ||
| Q2 25 | -10.6% | 5.2% | ||
| Q1 25 | -6.0% | -7.4% | ||
| Q4 24 | -27.1% | 14.6% | ||
| Q3 24 | -6.2% | 9.3% | ||
| Q2 24 | -1.8% | 8.0% | ||
| Q1 24 | -0.9% | -4.9% |
| Q4 25 | — | 10.3% | ||
| Q3 25 | -41.6% | 9.6% | ||
| Q2 25 | -36.9% | 4.1% | ||
| Q1 25 | -32.4% | -4.9% | ||
| Q4 24 | -46.4% | 11.4% | ||
| Q3 24 | -31.2% | 7.1% | ||
| Q2 24 | -25.9% | 5.9% | ||
| Q1 24 | -25.2% | -3.6% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $-3.39 | $0.36 | ||
| Q2 25 | $-3.17 | $0.14 | ||
| Q1 25 | $-2.73 | $-0.13 | ||
| Q4 24 | $-4.06 | $0.40 | ||
| Q3 24 | $-2.74 | $0.21 | ||
| Q2 24 | $-2.43 | $0.18 | ||
| Q1 24 | $-2.37 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.4M |
| Total DebtLower is stronger | $1.3B | $0 |
| Stockholders' EquityBook value | $-585.8M | $218.9M |
| Total Assets | $1.2B | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.4M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $81.5M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | — | $94.4M | ||
| Q3 24 | — | $82.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | $1.3B | $0 | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $27.0M | ||
| Q2 24 | $1.2B | $27.8M | ||
| Q1 24 | $1.2B | $28.5M |
| Q4 25 | — | $218.9M | ||
| Q3 25 | $-585.8M | $204.9M | ||
| Q2 25 | $-536.5M | $194.9M | ||
| Q1 25 | $-493.9M | $205.6M | ||
| Q4 24 | $-455.7M | $216.6M | ||
| Q3 24 | $-386.1M | $207.9M | ||
| Q2 24 | $-338.6M | $200.7M | ||
| Q1 24 | $-296.8M | $193.5M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | $1.2B | $259.2M | ||
| Q2 25 | $1.2B | $273.0M | ||
| Q1 25 | $1.3B | $280.2M | ||
| Q4 24 | $1.3B | $297.9M | ||
| Q3 24 | $1.3B | $287.7M | ||
| Q2 24 | $1.4B | $278.8M | ||
| Q1 24 | $1.4B | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-16.9M | $16.8M |
| FCF MarginFCF / Revenue | -12.1% | 16.2% |
| Capex IntensityCapex / Revenue | 1.7% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.3M | ||
| Q3 25 | $-14.5M | $10.3M | ||
| Q2 25 | $-26.9M | $14.8M | ||
| Q1 25 | $-13.2M | $417.0K | ||
| Q4 24 | $-10.4M | $16.3M | ||
| Q3 24 | $-3.2M | $10.3M | ||
| Q2 24 | $-14.2M | $13.1M | ||
| Q1 24 | $-28.4M | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | $-16.9M | $9.2M | ||
| Q2 25 | $-29.3M | $14.4M | ||
| Q1 25 | $-17.8M | $38.0K | ||
| Q4 24 | $-11.0M | $15.9M | ||
| Q3 24 | $-11.1M | $9.3M | ||
| Q2 24 | $-24.4M | $12.6M | ||
| Q1 24 | $-32.5M | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | -12.1% | 10.8% | ||
| Q2 25 | -20.0% | 18.2% | ||
| Q1 25 | -12.5% | 0.1% | ||
| Q4 24 | -7.6% | 18.5% | ||
| Q3 24 | -7.7% | 12.7% | ||
| Q2 24 | -16.1% | 17.3% | ||
| Q1 24 | -21.4% | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 1.7% | 1.3% | ||
| Q2 25 | 1.6% | 0.5% | ||
| Q1 25 | 3.2% | 0.6% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 5.5% | 1.3% | ||
| Q2 24 | 6.7% | 0.7% | ||
| Q1 24 | 2.7% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
