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Side-by-side financial comparison of NATHANS FAMOUS, INC. (NATH) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $34.3M, roughly 1.2× NATHANS FAMOUS, INC.). NATHANS FAMOUS, INC. runs the higher net margin — 9.0% vs 5.0%, a 4.0% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 8.9%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs 8.8%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

NATH vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.2× larger
STRW
$40.1M
$34.3M
NATH
Growing faster (revenue YoY)
STRW
STRW
+22.6% gap
STRW
31.5%
8.9%
NATH
Higher net margin
NATH
NATH
4.0% more per $
NATH
9.0%
5.0%
STRW
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
8.8%
NATH

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
NATH
NATH
STRW
STRW
Revenue
$34.3M
$40.1M
Net Profit
$3.1M
$2.0M
Gross Margin
32.6%
Operating Margin
14.9%
52.4%
Net Margin
9.0%
5.0%
Revenue YoY
8.9%
31.5%
Net Profit YoY
-31.2%
37.6%
EPS (diluted)
$0.75
$0.15

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
NATH
NATH
STRW
STRW
Q4 25
$34.3M
$40.1M
Q3 25
$45.7M
$39.7M
Q2 25
$47.0M
$37.9M
Q1 25
$30.8M
$37.3M
Q4 24
$31.5M
$30.5M
Q3 24
$41.1M
$29.5M
Q2 24
$44.8M
$29.3M
Q1 24
$29.0M
$27.8M
Net Profit
NATH
NATH
STRW
STRW
Q4 25
$3.1M
$2.0M
Q3 25
$5.2M
$2.0M
Q2 25
$8.9M
$2.0M
Q1 25
$4.2M
$1.6M
Q4 24
$4.5M
$1.5M
Q3 24
$6.0M
$944.0K
Q2 24
$9.3M
$938.0K
Q1 24
$3.9M
$746.0K
Gross Margin
NATH
NATH
STRW
STRW
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
NATH
NATH
STRW
STRW
Q4 25
14.9%
52.4%
Q3 25
16.4%
56.6%
Q2 25
27.2%
54.5%
Q1 25
20.7%
54.1%
Q4 24
21.4%
51.5%
Q3 24
23.4%
54.4%
Q2 24
30.7%
52.3%
Q1 24
23.5%
51.3%
Net Margin
NATH
NATH
STRW
STRW
Q4 25
9.0%
5.0%
Q3 25
11.4%
5.1%
Q2 25
19.0%
5.2%
Q1 25
13.8%
4.2%
Q4 24
14.2%
4.8%
Q3 24
14.7%
3.2%
Q2 24
20.7%
3.2%
Q1 24
13.5%
2.7%
EPS (diluted)
NATH
NATH
STRW
STRW
Q4 25
$0.75
$0.15
Q3 25
$1.26
$0.16
Q2 25
$2.16
$0.16
Q1 25
$1.03
$0.13
Q4 24
$1.10
$0.17
Q3 24
$1.47
$0.14
Q2 24
$2.27
$0.14
Q1 24
$0.95
$0.12

Balance Sheet & Financial Strength

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

Metric
NATH
NATH
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$24.5M
$31.8M
Total DebtLower is stronger
$48.7M
$794.7M
Stockholders' EquityBook value
$-15.3M
$12.1M
Total Assets
$50.9M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATH
NATH
STRW
STRW
Q4 25
$24.5M
$31.8M
Q3 25
$32.2M
$19.8M
Q2 25
$26.9M
$96.3M
Q1 25
$27.8M
$42.3M
Q4 24
$23.7M
$48.4M
Q3 24
$31.2M
$29.3M
Q2 24
$26.0M
$16.1M
Q1 24
$21.0M
$15.1M
Total Debt
NATH
NATH
STRW
STRW
Q4 25
$48.7M
$794.7M
Q3 25
$49.3M
$779.4M
Q2 25
$49.9M
$794.1M
Q1 25
$50.5M
$715.5M
Q4 24
$51.1M
$673.9M
Q3 24
$59.6M
$584.5M
Q2 24
$555.0M
Q1 24
$59.6M
$560.4M
Stockholders' Equity
NATH
NATH
STRW
STRW
Q4 25
$-15.3M
$12.1M
Q3 25
$-5.9M
$14.2M
Q2 25
$-9.3M
$15.5M
Q1 25
$-16.5M
$19.6M
Q4 24
$-19.0M
$18.2M
Q3 24
$-21.3M
$12.6M
Q2 24
$-25.5M
$7.4M
Q1 24
$-32.9M
$7.5M
Total Assets
NATH
NATH
STRW
STRW
Q4 25
$50.9M
$885.2M
Q3 25
$62.9M
$880.6M
Q2 25
$63.4M
$897.3M
Q1 25
$53.5M
$834.8M
Q4 24
$48.7M
$787.6M
Q3 24
$57.7M
$661.5M
Q2 24
$58.5M
$635.9M
Q1 24
$48.9M
$634.9M
Debt / Equity
NATH
NATH
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
NATH
NATH
STRW
STRW
Operating Cash FlowLast quarter
$5.8M
$90.0M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.87×
44.62×
TTM Free Cash FlowTrailing 4 quarters
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATH
NATH
STRW
STRW
Q4 25
$5.8M
$90.0M
Q3 25
$10.2M
$20.7M
Q2 25
$-220.0K
$29.8M
Q1 25
$6.8M
$19.0M
Q4 24
$3.6M
$59.3M
Q3 24
$9.8M
$11.8M
Q2 24
$5.0M
$20.6M
Q1 24
$6.4M
$2.1M
Free Cash Flow
NATH
NATH
STRW
STRW
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
NATH
NATH
STRW
STRW
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
NATH
NATH
STRW
STRW
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
NATH
NATH
STRW
STRW
Q4 25
1.87×
44.62×
Q3 25
1.95×
10.26×
Q2 25
-0.02×
15.24×
Q1 25
1.60×
11.97×
Q4 24
0.81×
40.44×
Q3 24
1.63×
12.53×
Q2 24
0.54×
21.93×
Q1 24
1.64×
2.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NATH
NATH

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

STRW
STRW

Segment breakdown not available.

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