FAT: Fat Brands Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Fat Brands Inc (FAT).

OverviewDividends

$91.18M Market Cap.

As of 05/14/2025 5:00 PM ET (MRY) • Disclaimer

FAT Market Cap. (MRY)


FAT Shares Outstanding (MRY)


FAT Assets (MRY)


Total Assets

$1.29B

Total Liabilities

$1.74B

Total Investments

$18.77M

FAT Income (MRY)


Revenue

$592.65M

Net Income

-$189.85M

Operating Expense

$202.64M

FAT Cash Flow (MRY)


CF Operations

-$56.25M

CF Investing

-$26.47M

CF Financing

$58.20M

FAT Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$1,289,178,000 (-7.14%)

$1,388,238,000 (14.42%)

$1,213,303,000 (-4.47%)

$1,270,032,000 (948.37%)

Assets Current

$88,034,000 (-27.25%)

$121,009,000 (26.44%)

$95,701,000 (-19.61%)

$119,039,000 (387.41%)

Assets Non-Current

$1,201,144,000 (-5.21%)

$1,267,229,000 (13.39%)

$1,117,602,000 (-2.90%)

$1,150,993,000 (1090.01%)

Goodwill & Intangible Assets

$881,026,000 (-4.83%)

$925,711,000 (0.78%)

$918,576,000 (-3.10%)

$947,916,000 (1517.05%)

Shareholders Equity

-$455,712,000 (-78.11%)

-$255,863,000 (-60.74%)

-$159,178,000 (-635.06%)

-$21,655,000 (48.30%)

Property Plant & Equipment Net

$295,481,000 (-7.82%)

$320,559,000 (77.79%)

$180,303,000 (0.70%)

$179,053,000 (3515.77%)

Cash & Equivalents

$48,622,000 (-36.29%)

$76,315,000 (41.21%)

$54,043,000 (-33.60%)

$81,396,000 (1095.07%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$22,622,000 (-7.47%)

$24,448,000 (3.08%)

$23,717,000 (16.84%)

$20,298,000 (84.76%)

Total Investments

$18,767,000 (20.39%)

$15,588,000 (5.90%)

$14,720,000 (-20.54%)

$18,525,000 (816.17%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$18,767,000 (20.39%)

$15,588,000 (5.90%)

$14,720,000 (-20.54%)

$18,525,000 (816.17%)

Inventory

$8,420,000 (-9.52%)

$9,306,000 (34.38%)

$6,925,000 (16.84%)

$5,927,000 (0%)

Trade & Non-Trade Receivables

$19,422,000 (-8.15%)

$21,146,000 (-11.45%)

$23,880,000 (18.90%)

$20,084,000 (354.80%)

Trade & Non-Trade Payables

$38,725,000 (77.56%)

$21,809,000 (18.99%)

$18,328,000 (-33.42%)

$27,527,000 (219.15%)

Accumulated Retained Earnings (Deficit)

-$458,624,000 (-70.63%)

-$268,777,000 (-50.43%)

-$178,667,000 (-240.45%)

-$52,479,000 (-151.14%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$13,772,000 (-26.76%)

$18,805,000 (-30.82%)

$27,181,000 (110.36%)

$12,921,000 (0%)

Total Debt

$1,474,599,000 (6.71%)

$1,381,917,000 (23.53%)

$1,118,676,000 (10.52%)

$1,012,157,000 (933.60%)

Debt Current

$65,470,000 (9.36%)

$59,865,000 (-7.08%)

$64,426,000 (330.31%)

$14,972,000 (-25.37%)

Debt Non-Current

$1,409,129,000 (6.59%)

$1,322,052,000 (25.40%)

$1,054,250,000 (5.72%)

$997,185,000 (1180.69%)

Total Liabilities

$1,744,890,000 (6.13%)

$1,644,101,000 (19.79%)

$1,372,481,000 (11.84%)

$1,227,232,000 (652.78%)

Liabilities Current

$298,316,000 (7.85%)

$276,602,000 (3.59%)

$267,020,000 (34.53%)

$198,488,000 (171.24%)

Liabilities Non-Current

$1,446,574,000 (5.78%)

$1,367,499,000 (23.70%)

$1,105,461,000 (7.46%)

$1,028,744,000 (1044.96%)

FAT Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$592,652,000 (23.35%)

$480,457,000 (17.98%)

$407,224,000 (242.55%)

$118,881,000 (556.15%)

Cost of Revenue

$442,231,000 (33.80%)

$330,506,000 (24.14%)

$266,239,000 (327.93%)

$62,215,000 (1092.32%)

Selling General & Administrative Expense

$128,564,000 (38.07%)

$93,117,000 (-17.82%)

$113,313,000 (171.25%)

$41,775,000 (180.82%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$202,641,000 (58.78%)

$127,621,000 (-19.68%)

$158,889,000 (184.53%)

$55,842,000 (91.46%)

Interest Expense

$120,580,000 (21.38%)

$99,342,000 (26.59%)

$78,477,000 (192.13%)

$26,864,000 (695.97%)

Income Tax Expense

-$2,753,000 (55.99%)

-$6,255,000 (-133.25%)

$18,810,000 (631.81%)

-$3,537,000 (4.12%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$189,847,000 (-110.68%)

-$90,110,000 (28.59%)

-$126,188,000 (-299.54%)

-$31,583,000 (-112.54%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$189,847,000 (-110.68%)

-$90,110,000 (28.59%)

-$126,188,000 (-299.54%)

-$31,583,000 (-112.54%)

Preferred Dividends Income Statement Impact

$7,779,000 (11.02%)

$7,007,000 (5.59%)

$6,636,000 (0%)

$0 (0%)

Net Income Common Stock

-$189,847,000 (-110.68%)

-$90,110,000 (28.59%)

-$126,188,000 (-299.54%)

-$31,583,000 (-112.54%)

Weighted Average Shares

$17,041,888 (2.67%)

$16,599,015 (0.75%)

$16,476,090 (12.41%)

$14,656,880 (23.19%)

Weighted Average Shares Diluted

$17,041,888 (2.67%)

$16,599,015 (0.75%)

$16,476,090 (12.41%)

$14,656,880 (23.19%)

Earning Before Interest & Taxes (EBIT)

-$72,020,000 (-2519.21%)

$2,977,000 (110.30%)

-$28,901,000 (-250.06%)

-$8,256,000 (45.59%)

Gross Profit

$150,421,000 (0.31%)

$149,951,000 (6.36%)

$140,985,000 (148.80%)

$56,666,000 (339.27%)

Operating Income

-$52,220,000 (-333.86%)

$22,330,000 (224.72%)

-$17,904,000 (-2272.82%)

$824,000 (105.07%)

FAT Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$26,467,000 (55.74%)

-$59,805,000 (-378.55%)

-$12,497,000 (98.27%)

-$723,200,000 (-1877.31%)

Net Cash Flow from Financing

$58,199,000 (-50.91%)

$118,553,000 (312.53%)

$28,738,000 (-96.47%)

$815,228,000 (1375.66%)

Net Cash Flow from Operations

-$56,246,000 (-57.96%)

-$35,608,000 (24.88%)

-$47,399,000 (-7050.00%)

$682,000 (105.94%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$24,514,000 (-205.94%)

$23,140,000 (174.27%)

-$31,158,000 (-133.61%)

$92,710,000 (1190.15%)

Net Cash Flow - Business Acquisitions and Disposals

-$4,000,000 (89.64%)

-$38,597,000 (-3676.61%)

-$1,022,000 (99.86%)

-$717,190,000 (-3042.12%)

Net Cash Flow - Investment Acquisitions and Disposals

$334,000 (13.22%)

$295,000 (-83.26%)

$1,762,000 (731.13%)

$212,000 (207.25%)

Capital Expenditure

-$22,801,000 (-20.67%)

-$18,896,000 (-64.50%)

-$11,487,000 (-85.60%)

-$6,189,000 (-1245.43%)

Issuance (Repayment) of Debt Securities

$70,531,000 (-45.22%)

$128,743,000 (155.72%)

$50,346,000 (-93.74%)

$803,936,000 (1507.90%)

Issuance (Purchase) of Equity Shares

$4,996,000 (-18.86%)

$6,157,000 (787.18%)

$694,000 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$9,549,000 (-2.24%)

-$9,340,000 (-4.88%)

-$8,905,000 (-19.24%)

-$7,468,000 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$2,330,000 (-35.55%)

$3,615,000 (-52.55%)

$7,619,000 (364.01%)

$1,642,000 (1558.59%)

Depreciation Amortization & Accretion

$41,528,000 (33.40%)

$31,131,000 (15.24%)

$27,015,000 (218.80%)

$8,474,000 (623.04%)

FAT Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

25.40% (-18.59%)

31.20% (-9.83%)

34.60% (-27.46%)

47.70% (-33.01%)

Profit Margin

-32.00% (-70.21%)

-18.80% (39.35%)

-31.00% (-16.54%)

-26.60% (67.56%)

EBITDA Margin

-5.10% (-171.83%)

7.10% (1520.00%)

-0.50% (-350.00%)

0.20% (100.26%)

Return on Average Equity (ROAE)

51.40% (25.67%)

40.90% (-70.99%)

141.00% (46.57%)

96.20% (-51.49%)

Return on Average Assets (ROAA)

-14.10% (-98.59%)

-7.10% (30.39%)

-10.20% (-75.86%)

-5.80% (55.73%)

Return on Sales (ROS)

-12.20% (-2133.33%)

0.60% (108.45%)

-7.10% (-2.90%)

-6.90% (91.77%)

Return on Invested Capital (ROIC)

-4.70% (-2450.00%)

0.20% (107.14%)

-2.80% (-55.56%)

-1.80% (89.77%)

Dividend Yield

10.50% (14.13%)

9.20% (-6.12%)

9.80% (88.46%)

5.20% (0%)

Price to Earnings Ratio (P/E)

-0.46 (55.69%)

-1.04 (-51.24%)

-0.69 (85.20%)

-4.63 (0.94%)

Price to Sales Ratio (P/S)

0.15 (-26.79%)

0.21 (-6.28%)

0.22 (-81.83%)

1.23 (-68.01%)

Price to Book Ratio (P/B)

-0.2 (49.75%)

-0.4 (30.78%)

-0.57 (92.35%)

-7.51 (-295.16%)

Debt to Equity Ratio (D/E)

-3.83 (40.41%)

-6.43 (25.47%)

-8.62 (84.79%)

-56.67 (-1356.12%)

Earnings Per Share (EPS)

-11.6 (-98.29%)

-5.85 (27.42%)

-8.06 (-274.88%)

-2.15 (-72.00%)

Sales Per Share (SPS)

34.78 (20.15%)

28.95 (17.11%)

24.72 (204.72%)

8.11 (432.57%)

Free Cash Flow Per Share (FCFPS)

-4.64 (-41.23%)

-3.28 (8.11%)

-3.57 (-850.53%)

-0.38 (62.55%)

Book Value Per Share (BVPS)

-26.74 (-73.49%)

-15.41 (-59.55%)

-9.66 (-554.10%)

-1.48 (58.04%)

Tangible Assets Book Value Per Share (TABVPS)

23.95 (-14.05%)

27.86 (55.77%)

17.89 (-18.61%)

21.98 (318.21%)

Enterprise Value Over EBIT (EV/EBIT)

-21 (-105.10%)

412 (1184.21%)

-38 (50.00%)

-76 (-660.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

-48.81 (-235.59%)

36 (106.24%)

-576.72 (-120.04%)

2,877.34 (26848.55%)

Asset Turnover

0.44 (17.29%)

0.38 (13.94%)

0.33 (51.38%)

0.22 (36.25%)

Current Ratio

0.29 (-32.49%)

0.44 (22.07%)

0.36 (-40.33%)

0.6 (79.64%)

Dividends

$0.56 (0.00%)

$0.56 (3.70%)

$0.54 (3.85%)

$0.52 (0%)

Free Cash Flow (FCF)

-$79,047,000 (-45.03%)

-$54,504,000 (7.44%)

-$58,886,000 (-969.29%)

-$5,507,000 (53.89%)

Enterprise Value (EV)

$1,488,426,205 (21.22%)

$1,227,884,297 (12.89%)

$1,087,688,456 (73.40%)

$627,260,615 (316.44%)

Earnings Before Tax (EBT)

-$192,600,000 (-99.87%)

-$96,365,000 (10.26%)

-$107,378,000 (-205.75%)

-$35,120,000 (-89.34%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$30,492,000 (-189.40%)

$34,108,000 (1908.48%)

-$1,886,000 (-965.14%)

$218,000 (101.56%)

Invested Capital

$1,535,813,000 (2.97%)

$1,491,527,000 (36.54%)

$1,092,340,000 (3.60%)

$1,054,389,000 (1210.43%)

Working Capital

-$210,282,000 (-35.15%)

-$155,593,000 (9.18%)

-$171,319,000 (-115.63%)

-$79,449,000 (-62.96%)

Tangible Asset Value

$408,152,000 (-11.76%)

$462,527,000 (56.93%)

$294,727,000 (-8.50%)

$322,116,000 (415.19%)

Market Capitalization

$91,178,205 (-10.38%)

$101,743,297 (11.19%)

$91,503,456 (-43.75%)

$162,665,615 (104.36%)

Average Equity

-$369,317,000 (-67.56%)

-$220,406,000 (-146.35%)

-$89,469,000 (-172.40%)

-$32,844,250 (-338.20%)

Average Assets

$1,342,463,750 (5.10%)

$1,277,289,500 (3.53%)

$1,233,699,250 (126.67%)

$544,275,250 (379.73%)

Invested Capital Average

$1,537,407,750 (22.10%)

$1,259,132,500 (22.00%)

$1,032,055,500 (128.52%)

$451,627,000 (424.90%)

Shares

17,106,605 (1.89%)

16,789,323 (1.28%)

16,576,713 (1.40%)

16,348,303 (19.94%)