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Side-by-side financial comparison of Fat Brands, Inc (FAT) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $76.2M, roughly 1.8× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -41.6%, a 49.0% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs -2.3%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $-16.9M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
FAT vs VMD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $76.2M |
| Net Profit | $-58.2M | $5.6M |
| Gross Margin | — | 57.9% |
| Operating Margin | -12.4% | 11.0% |
| Net Margin | -41.6% | 7.4% |
| Revenue YoY | -2.3% | 25.5% |
| Net Profit YoY | -30.1% | 30.7% |
| EPS (diluted) | $-3.39 | $0.14 |
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 | — | $76.2M | ||
| Q3 25 | $140.0M | $71.9M | ||
| Q2 25 | $146.8M | $63.1M | ||
| Q1 25 | $142.0M | $59.1M | ||
| Q4 24 | $145.3M | $60.7M | ||
| Q3 24 | $143.4M | $58.0M | ||
| Q2 24 | $152.0M | $55.0M | ||
| Q1 24 | $152.0M | $50.6M |
| Q4 25 | — | $5.6M | ||
| Q3 25 | $-58.2M | $3.5M | ||
| Q2 25 | $-54.2M | $3.2M | ||
| Q1 25 | $-46.0M | $2.6M | ||
| Q4 24 | $-67.4M | $4.3M | ||
| Q3 24 | $-44.8M | $3.9M | ||
| Q2 24 | $-39.4M | $1.5M | ||
| Q1 24 | $-38.3M | $1.6M |
| Q4 25 | — | 57.9% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 56.3% | ||
| Q4 24 | — | 59.5% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.8% | ||
| Q1 24 | — | 58.9% |
| Q4 25 | — | 11.0% | ||
| Q3 25 | -12.4% | 7.8% | ||
| Q2 25 | -10.6% | 8.1% | ||
| Q1 25 | -6.0% | 6.5% | ||
| Q4 24 | -27.1% | 10.6% | ||
| Q3 24 | -6.2% | 9.7% | ||
| Q2 24 | -1.8% | 6.6% | ||
| Q1 24 | -0.9% | 4.4% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | -41.6% | 4.9% | ||
| Q2 25 | -36.9% | 5.0% | ||
| Q1 25 | -32.4% | 4.4% | ||
| Q4 24 | -46.4% | 7.1% | ||
| Q3 24 | -31.2% | 6.7% | ||
| Q2 24 | -25.9% | 2.7% | ||
| Q1 24 | -25.2% | 3.2% |
| Q4 25 | — | $0.14 | ||
| Q3 25 | $-3.39 | $0.09 | ||
| Q2 25 | $-3.17 | $0.08 | ||
| Q1 25 | $-2.73 | $0.06 | ||
| Q4 24 | $-4.06 | $0.10 | ||
| Q3 24 | $-2.74 | $0.10 | ||
| Q2 24 | $-2.43 | $0.04 | ||
| Q1 24 | $-2.37 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.5M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $141.5M |
| Total Assets | $1.2B | $199.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.5M | ||
| Q3 25 | — | $11.1M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $17.5M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $8.8M | ||
| Q1 24 | — | $7.3M |
| 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 | — | $141.5M | ||
| Q3 25 | $-585.8M | $133.6M | ||
| Q2 25 | $-536.5M | $139.7M | ||
| Q1 25 | $-493.9M | $134.8M | ||
| Q4 24 | $-455.7M | $131.4M | ||
| Q3 24 | $-386.1M | $125.0M | ||
| Q2 24 | $-338.6M | $119.4M | ||
| Q1 24 | $-296.8M | $116.3M |
| Q4 25 | — | $199.2M | ||
| Q3 25 | $1.2B | $202.4M | ||
| Q2 25 | $1.2B | $184.6M | ||
| Q1 25 | $1.3B | $178.1M | ||
| Q4 24 | $1.3B | $177.1M | ||
| Q3 24 | $1.3B | $169.5M | ||
| Q2 24 | $1.4B | $163.9M | ||
| Q1 24 | $1.4B | $154.9M |
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 | $18.4M |
| Free Cash FlowOCF − Capex | $-16.9M | $9.7M |
| FCF MarginFCF / Revenue | -12.1% | 12.7% |
| Capex IntensityCapex / Revenue | 1.7% | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.4M | ||
| Q3 25 | $-14.5M | $18.4M | ||
| Q2 25 | $-26.9M | $12.3M | ||
| Q1 25 | $-13.2M | $2.9M | ||
| Q4 24 | $-10.4M | $15.0M | ||
| Q3 24 | $-3.2M | $12.7M | ||
| Q2 24 | $-14.2M | $10.2M | ||
| Q1 24 | $-28.4M | $1.2M |
| Q4 25 | — | $9.7M | ||
| Q3 25 | $-16.9M | $10.7M | ||
| Q2 25 | $-29.3M | $4.1M | ||
| Q1 25 | $-17.8M | $-12.6M | ||
| Q4 24 | $-11.0M | $3.2M | ||
| Q3 24 | $-11.1M | $1.7M | ||
| Q2 24 | $-24.4M | $1.2M | ||
| Q1 24 | $-32.5M | $-4.8M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | -12.1% | 14.9% | ||
| Q2 25 | -20.0% | 6.5% | ||
| Q1 25 | -12.5% | -21.4% | ||
| Q4 24 | -7.6% | 5.2% | ||
| Q3 24 | -7.7% | 3.0% | ||
| Q2 24 | -16.1% | 2.3% | ||
| Q1 24 | -21.4% | -9.5% |
| Q4 25 | — | 11.5% | ||
| Q3 25 | 1.7% | 10.6% | ||
| Q2 25 | 1.6% | 12.9% | ||
| Q1 25 | 3.2% | 26.2% | ||
| Q4 24 | 0.4% | 19.5% | ||
| Q3 24 | 5.5% | 19.0% | ||
| Q2 24 | 6.7% | 16.3% | ||
| Q1 24 | 2.7% | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | — | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.94× | ||
| Q1 24 | — | 0.73× |
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% |
VMD
Segment breakdown not available.
