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Side-by-side financial comparison of Fat Brands, Inc (FAT) and WSFS FINANCIAL CORP (WSFS). Click either name above to swap in a different company.

WSFS FINANCIAL CORP is the larger business by last-quarter revenue ($275.3M vs $140.0M, roughly 2.0× Fat Brands, Inc). WSFS FINANCIAL CORP runs the higher net margin — 31.5% vs -41.6%, a 73.1% gap on every dollar of revenue. On growth, WSFS FINANCIAL CORP posted the faster year-over-year revenue change (7.5% vs -2.3%). Over the past eight quarters, WSFS FINANCIAL CORP's revenue compounded faster (1.7% CAGR vs -6.1%).

FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.

WSFS Financial Corporation is a financial services company. Its primary subsidiary, WSFS Bank, a federal savings bank, is the largest and longest-standing locally managed bank and wealth management franchise headquartered in Delaware and the Greater Delaware Valley. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Virginia (1), and Nevada (1) and provides comprehensive financial services including comme...

FAT vs WSFS — Head-to-Head

Bigger by revenue
WSFS
WSFS
2.0× larger
WSFS
$275.3M
$140.0M
FAT
Growing faster (revenue YoY)
WSFS
WSFS
+9.8% gap
WSFS
7.5%
-2.3%
FAT
Higher net margin
WSFS
WSFS
73.1% more per $
WSFS
31.5%
-41.6%
FAT
Faster 2-yr revenue CAGR
WSFS
WSFS
Annualised
WSFS
1.7%
-6.1%
FAT

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FAT
FAT
WSFS
WSFS
Revenue
$140.0M
$275.3M
Net Profit
$-58.2M
$86.8M
Gross Margin
Operating Margin
-12.4%
Net Margin
-41.6%
31.5%
Revenue YoY
-2.3%
7.5%
Net Profit YoY
-30.1%
31.7%
EPS (diluted)
$-3.39
$1.64

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.

Revenue
FAT
FAT
WSFS
WSFS
Q1 26
$275.3M
Q4 25
$271.9M
Q3 25
$140.0M
$270.5M
Q2 25
$146.8M
$267.5M
Q1 25
$142.0M
$256.1M
Q4 24
$145.3M
$261.5M
Q3 24
$143.4M
$267.7M
Q2 24
$152.0M
$266.0M
Net Profit
FAT
FAT
WSFS
WSFS
Q1 26
$86.8M
Q4 25
$72.7M
Q3 25
$-58.2M
$76.4M
Q2 25
$-54.2M
$72.3M
Q1 25
$-46.0M
$65.9M
Q4 24
$-67.4M
$64.2M
Q3 24
$-44.8M
$64.4M
Q2 24
$-39.4M
$69.3M
Operating Margin
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
35.8%
Q3 25
-12.4%
37.3%
Q2 25
-10.6%
35.7%
Q1 25
-6.0%
34.0%
Q4 24
-27.1%
32.3%
Q3 24
-6.2%
31.9%
Q2 24
-1.8%
34.0%
Net Margin
FAT
FAT
WSFS
WSFS
Q1 26
31.5%
Q4 25
26.7%
Q3 25
-41.6%
28.3%
Q2 25
-36.9%
27.0%
Q1 25
-32.4%
25.7%
Q4 24
-46.4%
24.6%
Q3 24
-31.2%
24.1%
Q2 24
-25.9%
26.0%
EPS (diluted)
FAT
FAT
WSFS
WSFS
Q1 26
$1.64
Q4 25
$1.33
Q3 25
$-3.39
$1.37
Q2 25
$-3.17
$1.27
Q1 25
$-2.73
$1.12
Q4 24
$-4.06
$1.08
Q3 24
$-2.74
$1.08
Q2 24
$-2.43
$1.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FAT
FAT
WSFS
WSFS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$-585.8M
$2.7B
Total Assets
$1.2B
$22.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Total Debt
FAT
FAT
WSFS
WSFS
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
Stockholders' Equity
FAT
FAT
WSFS
WSFS
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$-585.8M
$2.8B
Q2 25
$-536.5M
$2.7B
Q1 25
$-493.9M
$2.7B
Q4 24
$-455.7M
$2.6B
Q3 24
$-386.1M
$2.7B
Q2 24
$-338.6M
$2.5B
Total Assets
FAT
FAT
WSFS
WSFS
Q1 26
$22.1B
Q4 25
$21.3B
Q3 25
$1.2B
$20.8B
Q2 25
$1.2B
$20.8B
Q1 25
$1.3B
$20.5B
Q4 24
$1.3B
$20.8B
Q3 24
$1.3B
$20.9B
Q2 24
$1.4B
$20.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FAT
FAT
WSFS
WSFS
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.

Operating Cash Flow
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
$220.0M
Q3 25
$-14.5M
$121.5M
Q2 25
$-26.9M
$37.2M
Q1 25
$-13.2M
$8.7M
Q4 24
$-10.4M
$219.9M
Q3 24
$-3.2M
$3.1M
Q2 24
$-14.2M
$44.8M
Free Cash Flow
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
$213.6M
Q3 25
$-16.9M
$120.3M
Q2 25
$-29.3M
$35.2M
Q1 25
$-17.8M
$6.3M
Q4 24
$-11.0M
$205.6M
Q3 24
$-11.1M
$-489.0K
Q2 24
$-24.4M
$42.1M
FCF Margin
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
78.6%
Q3 25
-12.1%
44.5%
Q2 25
-20.0%
13.2%
Q1 25
-12.5%
2.5%
Q4 24
-7.6%
78.6%
Q3 24
-7.7%
-0.2%
Q2 24
-16.1%
15.8%
Capex Intensity
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
2.3%
Q3 25
1.7%
0.5%
Q2 25
1.6%
0.7%
Q1 25
3.2%
0.9%
Q4 24
0.4%
5.5%
Q3 24
5.5%
1.4%
Q2 24
6.7%
1.0%
Cash Conversion
FAT
FAT
WSFS
WSFS
Q1 26
Q4 25
3.03×
Q3 25
1.59×
Q2 25
0.51×
Q1 25
0.13×
Q4 24
3.43×
Q3 24
0.05×
Q2 24
0.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FAT
FAT

Restaurant Sales$96.6M69%
Royalty$21.6M15%
Factory$9.6M7%
Advertising$9.1M7%
Franchisor$1.5M1%
Other$1.5M1%

WSFS
WSFS

Segment breakdown not available.

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