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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) 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 $21.3M, roughly 1.6× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 9.0%, a 233.2% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 8.9%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 8.8%).

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

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.

IVR vs NATH — Head-to-Head

Bigger by revenue
NATH
NATH
1.6× larger
NATH
$34.3M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+46.5% gap
IVR
55.4%
8.9%
NATH
Higher net margin
IVR
IVR
233.2% more per $
IVR
242.2%
9.0%
NATH
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
8.8%
NATH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IVR
IVR
NATH
NATH
Revenue
$21.3M
$34.3M
Net Profit
$51.5M
$3.1M
Gross Margin
32.6%
Operating Margin
14.9%
Net Margin
242.2%
9.0%
Revenue YoY
55.4%
8.9%
Net Profit YoY
1368.7%
-31.2%
EPS (diluted)
$0.72
$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
IVR
IVR
NATH
NATH
Q4 25
$21.3M
$34.3M
Q3 25
$17.6M
$45.7M
Q2 25
$17.7M
$47.0M
Q1 25
$18.8M
$30.8M
Q4 24
$13.7M
$31.5M
Q3 24
$7.5M
$41.1M
Q2 24
$8.6M
$44.8M
Q1 24
$7.0M
$29.0M
Net Profit
IVR
IVR
NATH
NATH
Q4 25
$51.5M
$3.1M
Q3 25
$53.5M
$5.2M
Q2 25
$-23.3M
$8.9M
Q1 25
$19.6M
$4.2M
Q4 24
$3.5M
$4.5M
Q3 24
$40.7M
$6.0M
Q2 24
$-13.5M
$9.3M
Q1 24
$29.1M
$3.9M
Gross Margin
IVR
IVR
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
IVR
IVR
NATH
NATH
Q4 25
14.9%
Q3 25
16.4%
Q2 25
27.2%
Q1 25
20.7%
Q4 24
21.4%
Q3 24
23.4%
Q2 24
30.7%
Q1 24
23.5%
Net Margin
IVR
IVR
NATH
NATH
Q4 25
242.2%
9.0%
Q3 25
303.6%
11.4%
Q2 25
-131.6%
19.0%
Q1 25
104.4%
13.8%
Q4 24
25.6%
14.2%
Q3 24
542.2%
14.7%
Q2 24
-155.9%
20.7%
Q1 24
415.9%
13.5%
EPS (diluted)
IVR
IVR
NATH
NATH
Q4 25
$0.72
$0.75
Q3 25
$0.74
$1.26
Q2 25
$-0.40
$2.16
Q1 25
$0.26
$1.03
Q4 24
$-0.09
$1.10
Q3 24
$0.63
$1.47
Q2 24
$-0.38
$2.27
Q1 24
$0.49
$0.95

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
NATH
NATH
Cash + ST InvestmentsLiquidity on hand
$56.0M
$24.5M
Total DebtLower is stronger
$48.7M
Stockholders' EquityBook value
$797.5M
$-15.3M
Total Assets
$6.5B
$50.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
NATH
NATH
Q4 25
$56.0M
$24.5M
Q3 25
$58.5M
$32.2M
Q2 25
$59.4M
$26.9M
Q1 25
$42.9M
$27.8M
Q4 24
$73.4M
$23.7M
Q3 24
$48.3M
$31.2M
Q2 24
$58.8M
$26.0M
Q1 24
$59.9M
$21.0M
Total Debt
IVR
IVR
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
IVR
IVR
NATH
NATH
Q4 25
$797.5M
$-15.3M
Q3 25
$769.6M
$-5.9M
Q2 25
$709.4M
$-9.3M
Q1 25
$759.2M
$-16.5M
Q4 24
$730.7M
$-19.0M
Q3 24
$857.0M
$-21.3M
Q2 24
$759.2M
$-25.5M
Q1 24
$785.6M
$-32.9M
Total Assets
IVR
IVR
NATH
NATH
Q4 25
$6.5B
$50.9M
Q3 25
$6.0B
$62.9M
Q2 25
$5.4B
$63.4M
Q1 25
$6.2B
$53.5M
Q4 24
$5.7B
$48.7M
Q3 24
$6.1B
$57.7M
Q2 24
$5.1B
$58.5M
Q1 24
$5.2B
$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
IVR
IVR
NATH
NATH
Operating Cash FlowLast quarter
$157.1M
$5.8M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
3.05×
1.87×
TTM Free Cash FlowTrailing 4 quarters
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
NATH
NATH
Q4 25
$157.1M
$5.8M
Q3 25
$37.3M
$10.2M
Q2 25
$40.6M
$-220.0K
Q1 25
$19.3M
$6.8M
Q4 24
$183.2M
$3.6M
Q3 24
$30.8M
$9.8M
Q2 24
$33.0M
$5.0M
Q1 24
$57.5M
$6.4M
Free Cash Flow
IVR
IVR
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
IVR
IVR
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
IVR
IVR
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
IVR
IVR
NATH
NATH
Q4 25
3.05×
1.87×
Q3 25
0.70×
1.95×
Q2 25
-0.02×
Q1 25
0.98×
1.60×
Q4 24
52.24×
0.81×
Q3 24
0.76×
1.63×
Q2 24
0.54×
Q1 24
1.97×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVR
IVR

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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