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Side-by-side financial comparison of Fat Brands, Inc (FAT) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $111.7M, roughly 1.3× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -41.6%, a 40.8% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -2.3%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-16.9M). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
FAT vs ZIP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $111.7M |
| Net Profit | $-58.2M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | -12.4% | 3.6% |
| Net Margin | -41.6% | -0.7% |
| Revenue YoY | -2.3% | 0.6% |
| Net Profit YoY | -30.1% | 92.3% |
| EPS (diluted) | $-3.39 | $-0.03 |
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 | — | $111.7M | ||
| Q3 25 | $140.0M | $115.0M | ||
| Q2 25 | $146.8M | $112.2M | ||
| Q1 25 | $142.0M | $110.1M | ||
| Q4 24 | $145.3M | $111.0M | ||
| Q3 24 | $143.4M | $117.1M | ||
| Q2 24 | $152.0M | $123.7M | ||
| Q1 24 | $152.0M | $122.2M |
| Q4 25 | — | $-835.0K | ||
| Q3 25 | $-58.2M | $-9.8M | ||
| Q2 25 | $-54.2M | $-9.5M | ||
| Q1 25 | $-46.0M | $-12.8M | ||
| Q4 24 | $-67.4M | $-10.8M | ||
| Q3 24 | $-44.8M | $-2.6M | ||
| Q2 24 | $-39.4M | $7.0M | ||
| Q1 24 | $-38.3M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | -12.4% | -4.4% | ||
| Q2 25 | -10.6% | -5.9% | ||
| Q1 25 | -6.0% | -10.6% | ||
| Q4 24 | -27.1% | -3.6% | ||
| Q3 24 | -6.2% | -2.8% | ||
| Q2 24 | -1.8% | 7.6% | ||
| Q1 24 | -0.9% | -0.7% |
| Q4 25 | — | -0.7% | ||
| Q3 25 | -41.6% | -8.5% | ||
| Q2 25 | -36.9% | -8.5% | ||
| Q1 25 | -32.4% | -11.7% | ||
| Q4 24 | -46.4% | -9.7% | ||
| Q3 24 | -31.2% | -2.2% | ||
| Q2 24 | -25.9% | 5.7% | ||
| Q1 24 | -25.2% | -5.3% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $-3.39 | $-0.11 | ||
| Q2 25 | $-3.17 | $-0.10 | ||
| Q1 25 | $-2.73 | $-0.13 | ||
| Q4 24 | $-4.06 | $-0.10 | ||
| Q3 24 | $-2.74 | $-0.03 | ||
| Q2 24 | $-2.43 | $0.07 | ||
| Q1 24 | $-2.37 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $188.0M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $-77.2M |
| Total Assets | $1.2B | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $188.0M | ||
| Q3 25 | — | $211.8M | ||
| Q2 25 | — | $203.5M | ||
| Q1 25 | — | $221.1M | ||
| Q4 24 | — | $218.4M | ||
| Q3 24 | — | $225.6M | ||
| Q2 24 | — | $271.7M | ||
| Q1 24 | — | $282.5M |
| 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 | — | $-77.2M | ||
| Q3 25 | $-585.8M | $-76.1M | ||
| Q2 25 | $-536.5M | $-65.9M | ||
| Q1 25 | $-493.9M | $-11.3M | ||
| Q4 24 | $-455.7M | $13.4M | ||
| Q3 24 | $-386.1M | $13.6M | ||
| Q2 24 | $-338.6M | $24.4M | ||
| Q1 24 | $-296.8M | $12.7M |
| Q4 25 | — | $569.7M | ||
| Q3 25 | $1.2B | $573.6M | ||
| Q2 25 | $1.2B | $592.4M | ||
| Q1 25 | $1.3B | $629.4M | ||
| Q4 24 | $1.3B | $664.1M | ||
| Q3 24 | $1.3B | $652.0M | ||
| Q2 24 | $1.4B | $665.3M | ||
| Q1 24 | $1.4B | $662.4M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-16.9M | $7.6M |
| FCF MarginFCF / Revenue | -12.1% | 6.8% |
| Capex IntensityCapex / Revenue | 1.7% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.7M | ||
| Q3 25 | $-14.5M | $2.6M | ||
| Q2 25 | $-26.9M | $10.5M | ||
| Q1 25 | $-13.2M | $-9.9M | ||
| Q4 24 | $-10.4M | $12.5M | ||
| Q3 24 | $-3.2M | $9.3M | ||
| Q2 24 | $-14.2M | $21.9M | ||
| Q1 24 | $-28.4M | $2.0M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $-16.9M | $2.2M | ||
| Q2 25 | $-29.3M | $10.2M | ||
| Q1 25 | $-17.8M | $-10.2M | ||
| Q4 24 | $-11.0M | $12.0M | ||
| Q3 24 | $-11.1M | $9.2M | ||
| Q2 24 | $-24.4M | $21.7M | ||
| Q1 24 | $-32.5M | $1.9M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | -12.1% | 1.9% | ||
| Q2 25 | -20.0% | 9.1% | ||
| Q1 25 | -12.5% | -9.3% | ||
| Q4 24 | -7.6% | 10.8% | ||
| Q3 24 | -7.7% | 7.8% | ||
| Q2 24 | -16.1% | 17.6% | ||
| Q1 24 | -21.4% | 1.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 3.2% | 0.3% | ||
| Q4 24 | 0.4% | 0.4% | ||
| Q3 24 | 5.5% | 0.2% | ||
| Q2 24 | 6.7% | 0.1% | ||
| Q1 24 | 2.7% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.12× | ||
| 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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
