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Side-by-side financial comparison of FRANKLIN FINANCIAL SERVICES CORP (FRAF) and NATHANS FAMOUS, INC. (NATH). Click either name above to swap in a different company.

NATHANS FAMOUS, INC. is the larger business by last-quarter revenue ($34.3M vs $23.3M, roughly 1.5× FRANKLIN FINANCIAL SERVICES CORP). FRANKLIN FINANCIAL SERVICES CORP runs the higher net margin — 25.9% vs 9.0%, a 16.9% gap on every dollar of revenue. On growth, FRANKLIN FINANCIAL SERVICES CORP posted the faster year-over-year revenue change (51.5% vs 8.9%). Over the past eight quarters, FRANKLIN FINANCIAL SERVICES CORP's revenue compounded faster (14.6% CAGR vs 8.8%).

Franklin Financial Services Corp (Pennsylvania) is a U.S. regional bank holding company primarily operating across Pennsylvania. It provides comprehensive retail and commercial banking services, including deposit products, personal and business loans, mortgage financing, and wealth management solutions for individual consumers, small local businesses and regional institutional clients.

Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States. The company's headquarters are at One Jericho Plaza in Jericho, part of Oyster Bay, New York.

FRAF vs NATH — Head-to-Head

Bigger by revenue
NATH
NATH
1.5× larger
NATH
$34.3M
$23.3M
FRAF
Growing faster (revenue YoY)
FRAF
FRAF
+42.6% gap
FRAF
51.5%
8.9%
NATH
Higher net margin
FRAF
FRAF
16.9% more per $
FRAF
25.9%
9.0%
NATH
Faster 2-yr revenue CAGR
FRAF
FRAF
Annualised
FRAF
14.6%
8.8%
NATH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FRAF
FRAF
NATH
NATH
Revenue
$23.3M
$34.3M
Net Profit
$6.0M
$3.1M
Gross Margin
32.6%
Operating Margin
32.1%
14.9%
Net Margin
25.9%
9.0%
Revenue YoY
51.5%
8.9%
Net Profit YoY
1140.7%
-31.2%
EPS (diluted)
$1.35
$0.75

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
FRAF
FRAF
NATH
NATH
Q4 25
$23.3M
$34.3M
Q3 25
$23.0M
$45.7M
Q2 25
$22.3M
$47.0M
Q1 25
$20.2M
$30.8M
Q4 24
$15.4M
$31.5M
Q3 24
$19.5M
$41.1M
Q2 24
$18.6M
$44.8M
Q1 24
$17.7M
$29.0M
Net Profit
FRAF
FRAF
NATH
NATH
Q4 25
$6.0M
$3.1M
Q3 25
$5.4M
$5.2M
Q2 25
$5.9M
$8.9M
Q1 25
$3.9M
$4.2M
Q4 24
$487.0K
$4.5M
Q3 24
$4.2M
$6.0M
Q2 24
$3.0M
$9.3M
Q1 24
$3.4M
$3.9M
Gross Margin
FRAF
FRAF
NATH
NATH
Q4 25
32.6%
Q3 25
29.1%
Q2 25
39.5%
Q1 25
38.7%
Q4 24
37.9%
Q3 24
36.7%
Q2 24
43.6%
Q1 24
43.3%
Operating Margin
FRAF
FRAF
NATH
NATH
Q4 25
32.1%
14.9%
Q3 25
28.9%
16.4%
Q2 25
32.8%
27.2%
Q1 25
23.9%
20.7%
Q4 24
3.4%
21.4%
Q3 24
26.2%
23.4%
Q2 24
19.8%
30.7%
Q1 24
22.6%
23.5%
Net Margin
FRAF
FRAF
NATH
NATH
Q4 25
25.9%
9.0%
Q3 25
23.3%
11.4%
Q2 25
26.4%
19.0%
Q1 25
19.4%
13.8%
Q4 24
3.2%
14.2%
Q3 24
21.6%
14.7%
Q2 24
16.3%
20.7%
Q1 24
18.9%
13.5%
EPS (diluted)
FRAF
FRAF
NATH
NATH
Q4 25
$1.35
$0.75
Q3 25
$1.19
$1.26
Q2 25
$1.32
$2.16
Q1 25
$0.88
$1.03
Q4 24
$0.13
$1.10
Q3 24
$0.95
$1.47
Q2 24
$0.66
$2.27
Q1 24
$0.77
$0.95

Balance Sheet & Financial Strength

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

Metric
FRAF
FRAF
NATH
NATH
Cash + ST InvestmentsLiquidity on hand
$127.7M
$24.5M
Total DebtLower is stronger
$48.7M
Stockholders' EquityBook value
$175.2M
$-15.3M
Total Assets
$2.2B
$50.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRAF
FRAF
NATH
NATH
Q4 25
$127.7M
$24.5M
Q3 25
$188.1M
$32.2M
Q2 25
$207.8M
$26.9M
Q1 25
$225.0M
$27.8M
Q4 24
$203.6M
$23.7M
Q3 24
$236.3M
$31.2M
Q2 24
$179.7M
$26.0M
Q1 24
$182.6M
$21.0M
Total Debt
FRAF
FRAF
NATH
NATH
Q4 25
$48.7M
Q3 25
$49.3M
Q2 25
$49.9M
Q1 25
$50.5M
Q4 24
$51.1M
Q3 24
$59.6M
Q2 24
Q1 24
$59.6M
Stockholders' Equity
FRAF
FRAF
NATH
NATH
Q4 25
$175.2M
$-15.3M
Q3 25
$166.3M
$-5.9M
Q2 25
$157.4M
$-9.3M
Q1 25
$151.4M
$-16.5M
Q4 24
$144.7M
$-19.0M
Q3 24
$149.9M
$-21.3M
Q2 24
$136.8M
$-25.5M
Q1 24
$134.2M
$-32.9M
Total Assets
FRAF
FRAF
NATH
NATH
Q4 25
$2.2B
$50.9M
Q3 25
$2.3B
$62.9M
Q2 25
$2.3B
$63.4M
Q1 25
$2.3B
$53.5M
Q4 24
$2.2B
$48.7M
Q3 24
$2.2B
$57.7M
Q2 24
$2.0B
$58.5M
Q1 24
$2.0B
$48.9M

Cash Flow & Capital Efficiency

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

Metric
FRAF
FRAF
NATH
NATH
Operating Cash FlowLast quarter
$25.4M
$5.8M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
4.21×
1.87×
TTM Free Cash FlowTrailing 4 quarters
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRAF
FRAF
NATH
NATH
Q4 25
$25.4M
$5.8M
Q3 25
$8.3M
$10.2M
Q2 25
$5.1M
$-220.0K
Q1 25
$8.8M
$6.8M
Q4 24
$21.8M
$3.6M
Q3 24
$7.8M
$9.8M
Q2 24
$2.4M
$5.0M
Q1 24
$7.3M
$6.4M
Free Cash Flow
FRAF
FRAF
NATH
NATH
Q4 25
$5.7M
Q3 25
$10.0M
Q2 25
$-335.0K
Q1 25
$6.7M
Q4 24
$3.6M
Q3 24
$9.7M
Q2 24
$5.0M
Q1 24
$6.3M
FCF Margin
FRAF
FRAF
NATH
NATH
Q4 25
16.6%
Q3 25
21.9%
Q2 25
-0.7%
Q1 25
21.9%
Q4 24
11.4%
Q3 24
23.7%
Q2 24
11.1%
Q1 24
21.9%
Capex Intensity
FRAF
FRAF
NATH
NATH
Q4 25
0.2%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.2%
Cash Conversion
FRAF
FRAF
NATH
NATH
Q4 25
4.21×
1.87×
Q3 25
1.55×
1.95×
Q2 25
0.87×
-0.02×
Q1 25
2.25×
1.60×
Q4 24
44.67×
0.81×
Q3 24
1.85×
1.63×
Q2 24
0.80×
0.54×
Q1 24
2.17×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRAF
FRAF

Segment breakdown not available.

NATH
NATH

Branded Product Program$23.7M69%
Product Licensing$7.4M22%
Company Operated Restaurants$1.6M5%
Franchise Fees And Royalties$1.0M3%

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