vs
Side-by-side financial comparison of Fat Brands, Inc (FAT) and VICOR CORP (VICR). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $113.0M, roughly 1.2× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs -41.6%, a 59.9% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs -2.3%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
FAT vs VICR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $113.0M |
| Net Profit | $-58.2M | $20.7M |
| Gross Margin | — | — |
| Operating Margin | -12.4% | 59.7% |
| Net Margin | -41.6% | 18.3% |
| Revenue YoY | -2.3% | 20.2% |
| Net Profit YoY | -30.1% | 713.9% |
| 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.
| Q1 26 | — | $113.0M | ||
| Q4 25 | — | $107.3M | ||
| Q3 25 | $140.0M | $110.4M | ||
| Q2 25 | $146.8M | $96.0M | ||
| Q1 25 | $142.0M | $94.0M | ||
| Q4 24 | $145.3M | $96.2M | ||
| Q3 24 | $143.4M | $93.2M | ||
| Q2 24 | $152.0M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | — | $46.5M | ||
| Q3 25 | $-58.2M | $28.3M | ||
| Q2 25 | $-54.2M | $41.2M | ||
| Q1 25 | $-46.0M | $2.5M | ||
| Q4 24 | $-67.4M | $10.2M | ||
| Q3 24 | $-44.8M | $11.6M | ||
| Q2 24 | $-39.4M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.4% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | -12.4% | 18.9% | ||
| Q2 25 | -10.6% | 47.3% | ||
| Q1 25 | -6.0% | -0.2% | ||
| Q4 24 | -27.1% | 9.6% | ||
| Q3 24 | -6.2% | 5.8% | ||
| Q2 24 | -1.8% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | — | 43.4% | ||
| Q3 25 | -41.6% | 25.6% | ||
| Q2 25 | -36.9% | 42.9% | ||
| Q1 25 | -32.4% | 2.7% | ||
| Q4 24 | -46.4% | 10.7% | ||
| Q3 24 | -31.2% | 12.4% | ||
| Q2 24 | -25.9% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | — | $1.01 | ||
| Q3 25 | $-3.39 | $0.63 | ||
| Q2 25 | $-3.17 | $0.91 | ||
| Q1 25 | $-2.73 | $0.06 | ||
| Q4 24 | $-4.06 | $0.24 | ||
| Q3 24 | $-2.74 | $0.26 | ||
| Q2 24 | $-2.43 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $404.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $754.1M |
| Total Assets | $1.2B | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | — | $402.8M | ||
| Q3 25 | — | $362.4M | ||
| Q2 25 | — | $338.5M | ||
| Q1 25 | — | $296.1M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $267.6M | ||
| Q2 24 | — | $251.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $754.1M | ||
| Q4 25 | — | $711.6M | ||
| Q3 25 | $-585.8M | $630.1M | ||
| Q2 25 | $-536.5M | $608.6M | ||
| Q1 25 | $-493.9M | $580.3M | ||
| Q4 24 | $-455.7M | $570.1M | ||
| Q3 24 | $-386.1M | $554.6M | ||
| Q2 24 | $-338.6M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | — | $785.8M | ||
| Q3 25 | $1.2B | $710.2M | ||
| Q2 25 | $1.2B | $693.5M | ||
| Q1 25 | $1.3B | $665.0M | ||
| Q4 24 | $1.3B | $641.1M | ||
| Q3 24 | $1.3B | $632.8M | ||
| Q2 24 | $1.4B | $613.2M |
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 | — |
| Free Cash FlowOCF − Capex | $-16.9M | — |
| FCF MarginFCF / Revenue | -12.1% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $15.7M | ||
| Q3 25 | $-14.5M | $38.5M | ||
| Q2 25 | $-26.9M | $65.2M | ||
| Q1 25 | $-13.2M | $20.1M | ||
| Q4 24 | $-10.4M | $10.1M | ||
| Q3 24 | $-3.2M | $22.6M | ||
| Q2 24 | $-14.2M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.2M | ||
| Q3 25 | $-16.9M | $34.5M | ||
| Q2 25 | $-29.3M | $59.0M | ||
| Q1 25 | $-17.8M | $15.6M | ||
| Q4 24 | $-11.0M | $8.4M | ||
| Q3 24 | $-11.1M | $14.1M | ||
| Q2 24 | $-24.4M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | -12.1% | 31.2% | ||
| Q2 25 | -20.0% | 61.5% | ||
| Q1 25 | -12.5% | 16.6% | ||
| Q4 24 | -7.6% | 8.7% | ||
| Q3 24 | -7.7% | 15.2% | ||
| Q2 24 | -16.1% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 1.7% | 3.6% | ||
| Q2 25 | 1.6% | 6.5% | ||
| Q1 25 | 3.2% | 4.8% | ||
| Q4 24 | 0.4% | 1.8% | ||
| Q3 24 | 5.5% | 9.1% | ||
| Q2 24 | 6.7% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
