Good Times Restaurants Inc. (GTIM) 10-Year Financial Performance & Capital Metrics

GTIM • • Industrial / General

Consumer CyclicalRestaurantsQuick Service Restaurants (QSR)Burger & Sandwich QSR

AboutGood Times Restaurants Inc., through its subsidiaries, engages in the restaurant business in the United States. The company operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant. As of December 15, 2021, it operated, franchised, or licensed 42 Bad Daddy's Burger Bar restaurants; and 32 Good Times Burgers & Frozen Custard restaurants. The company was incorporated in 1987 and is based in Golden, Colorado.Show more

Revenue $142M +3.0%
EBITDA $5M +10.9%
Net Income $2M -85.5%
EPS (Diluted) 0.14 -85.1%
Gross Margin 11.1% +2.7%
EBITDA Margin 3.67% +7.7%
Operating Margin 0.97% +39.1%
Net Margin 1.13% -85.9%
ROE 4.88% -86.6%
ROIC 1.37% +39.7%
Debt/Equity 1.34 -9.3%
Interest Coverage 11.04 -10.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 5.8% through buybacks
✓Trading at only 0.4x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Thin 5Y average net margin of 1.6%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.64%

5Y5.14%

3Y4.71%

TTM1.82%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-54.2%

TTM10.94%

EPS CAGR

10Y-

5Y-

3Y-52.54%

TTM12.16%

ROCE

10Y Avg1.14%

5Y Avg3.98%

3Y Avg2.01%

Latest1.87%

Peer Comparison

Burger & Sandwich QSR

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SHAKShake Shack Inc.	4.06B	100.77	419.88	15.18%	3.1%	7.96%	0.88%	1.75
NATHNathan's Famous, Inc.	386.13M	94.42	16.09	6.91%	15.74%		6.48%
PTLOPortillo's Inc.	396.35M	5.51	11.98	4.51%	3.35%	5.02%	2.48%	1.22
WENThe Wendy's Company	1.63B	8.54	8.99	2.98%	8.43%	170.42%	16.05%	15.78
GTIMGood Times Restaurants Inc.	12.35M	1.17	8.36	3.01%	0.88%	3.72%	16.09%	1.34
RRGBRed Robin Gourmet Burgers, Inc.	75.99M	4.23	-0.86	-4.18%	-4.32%
BTBDBT Brands, Inc.	9.29M	1.51	-4.08	5.31%	-6.67%	-12.12%		0.58
JACKJack in the Box Inc.	444.45M	23.52	-5.59	-6.75%	-4.34%		16.68%

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	44.06M	64.44M	79.08M	99.24M	110.75M	109.86M	123.95M	138.2M	138.16M	142.31M
Revenue Growth %	0.57%	0.46%	0.23%	0.25%	0.12%	-0.01%	0.13%	0.11%	-0%	0.03%
Cost of Goods Sold+	38.27M	56.94M	71.61M	88.98M	96.29M	94.4M	103.05M	121.53M	123.23M	126.52M
COGS % of Revenue	0.87%	0.88%	0.91%	0.9%	0.87%	0.86%	0.83%	0.88%	0.89%	0.89%
Gross Profit+	5.78M	7.5M	7.47M	10.26M	14.46M	15.46M	20.91M	16.67M	14.93M	15.79M
Gross Margin %	0.13%	0.12%	0.09%	0.1%	0.13%	0.14%	0.17%	0.12%	0.11%	0.11%
Gross Profit Growth %	0.86%	0.3%	-0%	0.37%	0.41%	0.07%	0.35%	-0.2%	-0.1%	0.06%
Operating Expenses+	5.37M	7.83M	8.7M	9.85M	17.96M	8.91M	14.01M	13.51M	14.86M	14.41M
OpEx % of Revenue	0.12%	0.12%	0.11%	0.1%	0.16%	0.08%	0.11%	0.1%	0.11%	0.1%
Selling, General & Admin	5.37M	7.83M	8.7M	9.85M	9.84M	7.81M	10.2M	10.58M	12.38M	14.04M
SG&A % of Revenue	0.12%	0.12%	0.11%	0.1%	0.09%	0.07%	0.08%	0.08%	0.09%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-7K	-1K	-1K	-1K	8.12M	1.1M	3.81M	2.93M	2.48M	368K
Operating Income+	-239K	-300K	-1.42M	372K	-2.31M	3.52M	6.9M	2.21M	963K	1.38M
Operating Margin %	-0.01%	-0%	-0.02%	0%	-0.02%	0.03%	0.06%	0.02%	0.01%	0.01%
Operating Income Growth %	-0.09%	-0.26%	-3.74%	1.26%	-7.2%	2.53%	0.96%	-0.68%	-0.57%	0.43%
EBITDA+	1.01M	2.04M	1.68M	4.32M	2.28M	11.86M	14.4M	6.27M	4.71M	5.23M
EBITDA Margin %	0.02%	0.03%	0.02%	0.04%	0.02%	0.11%	0.12%	0.05%	0.03%	0.04%
EBITDA Growth %	1.17%	1.02%	-0.18%	1.57%	-0.47%	4.2%	0.21%	-0.56%	-0.25%	0.11%
D&A (Non-Cash Add-back)	1.25M	2.34M	3.1M	3.95M	4.59M	8.34M	7.51M	4.06M	3.75M	3.85M
EBIT	-207K	-339K	-1.41M	375K	-3.49M	-12.04M	18.68M	-878K	963K	1.38M
Net Interest Income+	-49K	-107K	-182K	-388K	-753K	-753K	-269K	-54K	-78K	-125K
Interest Income	44K	19K	9K	4K	3K	0	0	0	0	0
Interest Expense	93K	126K	191K	392K	756K	753K	269K	54K	78K	125K
Other Income/Expense	-61K	-140K	-379K	-389K	-459K	-753K	11.55M	0	-78K	-125K
Pretax Income+	-300K	-465K	-1.6M	-17K	-4.25M	-12.79M	18.41M	-932K	885K	1.25M
Pretax Margin %	-0.01%	-0.01%	-0.02%	-0%	-0.04%	-0.12%	0.15%	-0.01%	0.01%	0.01%
Income Tax+	0	-1.23M	-1.87M	0	63K	0	6K	-5K	-10.79M	-624K
Effective Tax Rate %	2.64%	2.84%	1.4%	60.82%	1.01%	1.09%	0.91%	2.83%	12.53%	1.29%
Net Income+	-791K	-1.32M	-2.25M	-1.03M	-4.31M	-13.92M	16.79M	-2.64M	11.09M	1.61M
Net Margin %	-0.02%	-0.02%	-0.03%	-0.01%	-0.04%	-0.13%	0.14%	-0.02%	0.08%	0.01%
Net Income Growth %	-0.15%	-0.67%	-0.71%	0.54%	-3.17%	-2.23%	2.21%	-1.16%	5.2%	-0.85%
Net Income (Continuing)	-300K	-465K	-1.6M	-17K	0	-12.79M	18.4M	-927K	11.67M	1.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.61M	1.72M	2.71M	3.24M	1.52M	1.29M	1.12M	1.3M	423K	717K
EPS (Diluted)+	-0.08	-0.11	-0.18	-0.08	-0.34	-1.10	1.31	-0.21	0.94	0.14
EPS Growth %	0.32%	-0.46%	-0.64%	0.54%	-3.1%	-2.24%	2.19%	-1.16%	5.48%	-0.85%
EPS (Basic)	-0.08	-0.11	-0.18	-0.08	-0.34	-1.10	1.32	-0.21	0.94	0.15
Diluted Shares Outstanding	10.51M	12.27M	12.32M	12.46M	12.52M	12.59M	12.83M	12.46M	11.83M	11.15M
Basic Shares Outstanding	10.51M	12.27M	12.32M	12.46M	12.52M	12.59M	12.68M	12.46M	11.79M	11.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	14.73M	7.79M	6.07M	9.86M	4.92M	13.49M	11.44M	11.88M	6.59M	6.56M
Cash & Short-Term Investments	13.81M	6.33M	4.34M	3.48M	2.75M	11.45M	8.86M	8.91M	4.18M	3.85M
Cash Only	13.81M	6.33M	4.34M	3.48M	2.75M	11.45M	8.86M	8.91M	4.18M	3.85M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	248K	483K	586K	1.75M	822K	669K	644K	694K	769K	890K
Days Sales Outstanding	2.05	2.74	2.7	6.43	2.71	2.22	1.9	1.83	2.03	2.28
Inventory	510K	631K	847K	1M	1.13M	1.09M	1.3M	1.39M	1.41M	1.42M
Days Inventory Outstanding	4.86	4.05	4.32	4.12	4.28	4.23	4.62	4.17	4.17	4.09
Other Current Assets	0	0	0	0	0	0	641K	888K	235K	395K
Total Non-Current Assets+	33.5M	39.08M	49.09M	51.09M	54.99M	86.2M	82.24M	74.51M	84.5M	80.56M
Property, Plant & Equipment	14.22M	19.69M	29.69M	35.24M	35.68M	76.92M	72.96M	64.71M	62.97M	58.47M
Fixed Asset Turnover	3.10x	3.27x	2.66x	2.82x	3.10x	1.43x	1.70x	2.14x	2.19x	2.43x
Goodwill	15.07M	15.08M	15.15M	15.15M	15.15M	5.15M	5.15M	5.71M	5.71M	5.71M
Intangible Assets	4.02M	3.99M	3.96M	3.94M	3.95M	3.92M	3.9M	3.92M	3.94M	3.93M
Long-Term Investments	0	59K	46K	32K	13K	0	0	0	0	0
Other Non-Current Assets	195K	327K	285K	-3.24M	212K	209K	219K	166K	292K	242K
Total Assets+	48.23M	46.88M	55.15M	60.95M	59.91M	99.69M	93.68M	86.39M	91.09M	87.12M
Asset Turnover	0.91x	1.37x	1.43x	1.63x	1.85x	1.10x	1.32x	1.60x	1.52x	1.63x
Asset Growth %	1.86%	-0.03%	0.18%	0.11%	-0.02%	0.66%	-0.06%	-0.08%	0.05%	-0.04%
Total Current Liabilities+	7.26M	5.12M	6.92M	8.34M	9.23M	18.64M	12.89M	12.9M	14.89M	15.69M
Accounts Payable	2.73M	1.92M	3.31M	3.77M	3.77M	2.58M	1.5M	628K	2.58M	3.06M
Days Payables Outstanding	26.06	12.3	16.88	15.48	14.31	9.98	5.3	1.89	7.66	8.82
Short-Term Debt	2.62M	19K	17K	17K	0	6.24M	0	0	5.79M	30K
Deferred Revenue (Current)	25K	23K	41K	92K	79K	309K	436K	48K	1000K	1000K
Other Current Liabilities	1.3M	1.1M	2M	2.38M	0	0	2.74M	4.02M	-5.79M	0
Current Ratio	2.03x	1.52x	0.88x	1.18x	0.53x	0.72x	0.89x	0.92x	0.44x	0.42x
Quick Ratio	1.96x	1.40x	0.75x	1.06x	0.41x	0.67x	0.79x	0.81x	0.35x	0.33x
Cash Conversion Cycle	-19.15	-5.51	-9.85	-4.93	-7.32	-3.53	1.21	4.11	-1.46	-2.45
Total Non-Current Liabilities+	2.71M	3.96M	10.95M	15.39M	21.76M	66.07M	49.92M	45.7M	43.2M	38.34M
Long-Term Debt	0	19K	5.34M	7.47M	12.85M	10.9M	0	0	750K	842K
Capital Lease Obligations	11K	0	0	0	0	53.73M	49.72M	45.54M	42.33M	37.4M
Deferred Tax Liabilities	0	0	-155K	-351K	-320K	0	0	0	0	0
Other Non-Current Liabilities	2.7M	3.94M	5.61M	7.92M	8.91M	1.44M	202K	159K	122K	105K
Total Liabilities	9.97M	9.08M	17.87M	60.95M	30.98M	84.71M	62.81M	58.6M	58.09M	54.03M
Total Debt+	11K	38K	5.36M	7.49M	12.85M	75.56M	54.66M	50.97M	48.87M	44.43M
Net Debt	-13.8M	-6.29M	1.02M	4.01M	10.11M	64.11M	45.8M	42.07M	44.69M	40.58M
Debt / Equity	0.00x	0.00x	0.13x	0.19x	0.42x	5.04x	1.77x	1.83x	1.48x	1.34x
Debt / EBITDA	0.01x	0.02x	3.19x	1.73x	5.63x	6.37x	3.79x	8.13x	10.36x	8.50x
Net Debt / EBITDA	-13.70x	-3.09x	0.61x	0.93x	4.43x	5.41x	3.18x	6.71x	9.48x	7.76x
Interest Coverage	-2.57x	-2.38x	-7.45x	0.95x	-3.05x	4.67x	25.64x	41.02x	12.35x	11.04x
Total Equity+	39.87M	39.52M	40M	40.46M	30.44M	14.98M	30.87M	27.79M	32.99M	33.09M
Equity Growth %	1.93%	-0.01%	0.01%	0.01%	-0.25%	-0.51%	1.06%	-0.1%	0.19%	0%
Book Value per Share	3.79	3.22	3.25	3.25	2.43	1.19	2.41	2.23	2.79	2.97
Total Shareholders' Equity	38.26M	37.8M	37.28M	37.22M	28.92M	13.69M	29.75M	26.48M	32.57M	32.37M
Common Stock	12K	12K	12K	12K	13K	13K	13K	13K	13K	13K
Retained Earnings	-20.8M	-22.13M	-24.38M	-25.41M	-30.55M	-44.47M	-27.68M	-30.32M	-19.23M	-17.62M
Treasury Stock	0	0	0	0	0	-75K	-1.61M	-2.63M	-4.91M	-6.86M
Accumulated OCI	-13.22M	-15.51M	-18.64M	-22.55M	0	0	0	0	0	0
Minority Interest	1.61M	1.72M	2.71M	3.24M	1.52M	1.29M	1.12M	1.3M	423K	717K

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	3.17M	5.4M	4.98M	6.5M	6.77M	8.37M	9.14M	5.29M	7.96M	5.13M
Operating CF Margin %	0.07%	0.08%	0.06%	0.07%	0.06%	0.08%	0.07%	0.04%	0.06%	0.04%
Operating CF Growth %	1.2%	0.7%	-0.08%	0.31%	0.04%	0.24%	0.09%	-0.42%	0.51%	-0.36%
Net Income	-300K	-465K	-1.6M	-17K	-4.25M	-12.79M	18.4M	-927K	11.67M	1.61M
Depreciation & Amortization	1.33M	2.34M	3.1M	3.95M	4.59M	8.34M	7.51M	7.91M	3.75M	3.85M
Stock-Based Compensation	477K	718K	748K	417K	719K	283K	362K	250K	132K	134K
Deferred Taxes	14K	-25K	196K	37K	2.79M	0	6K	-5K	-10.79M	-624K
Other Non-Cash Items	195K	205K	322K	222K	90K	15.57M	-11.81M	2.98M	1.22M	99K
Working Capital Changes	1.45M	2.63M	2.22M	1.89M	2.83M	-3.03M	-5.32M	-4.91M	1.98M	59K
Change in Receivables	199K	678K	247K	-75K	1.73M	-2.4M	-3.71M	-293K	99K	-355K
Change in Inventory	-95K	-121K	-216K	-157K	-124K	35K	-210K	-64K	-5K	0
Change in Payables	1.44M	-89K	777K	194K	317K	-496K	-1.39M	-654K	1.87M	449K
Cash from Investing+	-23.71M	-8.48M	-12.63M	-9.03M	-11.06M	-2.6M	-3.19M	-2.62M	-10.44M	-3.66M
Capital Expenditures	-7.63M	-8.5M	-14.51M	-10.44M	-8.08M	-2.6M	-3.2M	-2.64M	-4.77M	-3.14M
CapEx % of Revenue	0.17%	0.13%	0.18%	0.11%	0.07%	0.02%	0.03%	0.02%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.53M	19K	1.94M	1.41M	21K	-85K	-7K	745K	48K	14K
Cash from Financing+	24.46M	-4.39M	5.65M	1.67M	3.56M	2.87M	-8.56M	-2.62M	-2.25M	-1.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.87M	-712K	378K	-463K	-1.81M	-1.35M	-1.52M	-1.75M	-722K	28K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.46M	-3.1M	-9.53M	-3.94M	-1.31M	5.77M	5.95M	2.65M	3.19M	1.99M
FCF Margin %	-0.1%	-0.05%	-0.12%	-0.04%	-0.01%	0.05%	0.05%	0.02%	0.02%	0.01%
FCF Growth %	-1.28%	0.31%	-2.07%	0.59%	0.67%	5.41%	0.03%	-0.55%	0.21%	-0.38%
FCF per Share	-0.42	-0.25	-0.77	-0.32	-0.10	0.46	0.46	0.21	0.27	0.18
FCF Conversion (FCF/Net Income)	-4.01x	-4.09x	-2.21x	-6.29x	-1.57x	-0.60x	0.54x	-2.00x	0.72x	3.18x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.96%	-3.33%	-5.67%	-2.57%	-12.16%	-61.27%	73.22%	-9%	36.48%	4.88%
Return on Invested Capital (ROIC)	-1.2%	-0.76%	-2.87%	0.65%	-4.07%	4.41%	6.64%	2.27%	0.98%	1.37%
Gross Margin	13.13%	11.64%	9.45%	10.34%	13.06%	14.07%	16.87%	12.06%	10.81%	11.1%
Net Margin	-1.8%	-2.05%	-2.85%	-1.04%	-3.89%	-12.67%	13.54%	-1.91%	8.02%	1.13%
Debt / Equity	0.00x	0.00x	0.13x	0.19x	0.42x	5.04x	1.77x	1.83x	1.48x	1.34x
Interest Coverage	-2.57x	-2.38x	-7.45x	0.95x	-3.05x	4.67x	25.64x	41.02x	12.35x	11.04x
FCF Conversion	-4.01x	-4.09x	-2.21x	-6.29x	-1.57x	-0.60x	0.54x	-2.00x	0.72x	3.18x
Revenue Growth	57.14%	46.26%	22.72%	25.49%	11.6%	-0.81%	12.83%	11.49%	-0.03%	3.01%

Revenue by Segment

	2015	2016	2017	2023
Service	-	-	-	137.23M
Service Growth	-	-	-	-
Franchise	-	-	-	893K
Franchise Growth	-	-	-	-
Bad Daddys Burger Bar Restaurant	15.16M	35.22M	48.07M	-
Bad Daddys Burger Bar Restaurant Growth	-	132.40%	36.47%	-
Good Times Burgers And Frozen Custard Restaurants	28.9M	29.22M	31.01M	-
Good Times Burgers And Frozen Custard Restaurants Growth	-	1.09%	6.15%	-

Frequently Asked Questions

Valuation & Price

Good Times Restaurants Inc. (GTIM) has a price-to-earnings (P/E) ratio of 8.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Good Times Restaurants Inc. (GTIM) reported $143.4M in revenue for fiscal year 2024. This represents a 596% increase from $20.6M in 2011.

Good Times Restaurants Inc. (GTIM) grew revenue by 3.0% over the past year. Growth has been modest.

Yes, Good Times Restaurants Inc. (GTIM) is profitable, generating $1.3M in net income for fiscal year 2024 (1.1% net margin).

Dividend & Returns

Good Times Restaurants Inc. (GTIM) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Good Times Restaurants Inc. (GTIM) had negative free cash flow of $1.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Good Times Restaurants Inc. (GTIM) 10-Year Financial Performance & Capital Metrics

GTIM • • Industrial / General

Consumer CyclicalRestaurantsQuick Service Restaurants (QSR)Burger & Sandwich QSR

Revenue $142M +3.0%
EBITDA $5M +10.9%
Net Income $2M -85.5%
EPS (Diluted) 0.14 -85.1%
Gross Margin 11.1% +2.7%
EBITDA Margin 3.67% +7.7%
Operating Margin 0.97% +39.1%
Net Margin 1.13% -85.9%
ROE 4.88% -86.6%
ROIC 1.37% +39.7%
Debt/Equity 1.34 -9.3%
Interest Coverage 11.04 -10.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 5.8% through buybacks
✓Trading at only 0.4x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Thin 5Y average net margin of 1.6%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.64%

5Y5.14%

3Y4.71%

TTM1.82%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-54.2%

TTM10.94%

EPS CAGR

10Y-

5Y-

3Y-52.54%

TTM12.16%

ROCE

10Y Avg1.14%

5Y Avg3.98%

3Y Avg2.01%

Latest1.87%

Peer Comparison

Burger & Sandwich QSR

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SHAKShake Shack Inc.	4.06B	100.77	419.88	15.18%	3.1%	7.96%	0.88%	1.75
NATHNathan's Famous, Inc.	386.13M	94.42	16.09	6.91%	15.74%		6.48%
PTLOPortillo's Inc.	396.35M	5.51	11.98	4.51%	3.35%	5.02%	2.48%	1.22
WENThe Wendy's Company	1.63B	8.54	8.99	2.98%	8.43%	170.42%	16.05%	15.78
GTIMGood Times Restaurants Inc.	12.35M	1.17	8.36	3.01%	0.88%	3.72%	16.09%	1.34
RRGBRed Robin Gourmet Burgers, Inc.	75.99M	4.23	-0.86	-4.18%	-4.32%
BTBDBT Brands, Inc.	9.29M	1.51	-4.08	5.31%	-6.67%	-12.12%		0.58
JACKJack in the Box Inc.	444.45M	23.52	-5.59	-6.75%	-4.34%		16.68%

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	44.06M	64.44M	79.08M	99.24M	110.75M	109.86M	123.95M	138.2M	138.16M	142.31M
Revenue Growth %	0.57%	0.46%	0.23%	0.25%	0.12%	-0.01%	0.13%	0.11%	-0%	0.03%
Cost of Goods Sold+	38.27M	56.94M	71.61M	88.98M	96.29M	94.4M	103.05M	121.53M	123.23M	126.52M
COGS % of Revenue	0.87%	0.88%	0.91%	0.9%	0.87%	0.86%	0.83%	0.88%	0.89%	0.89%
Gross Profit+	5.78M	7.5M	7.47M	10.26M	14.46M	15.46M	20.91M	16.67M	14.93M	15.79M
Gross Margin %	0.13%	0.12%	0.09%	0.1%	0.13%	0.14%	0.17%	0.12%	0.11%	0.11%
Gross Profit Growth %	0.86%	0.3%	-0%	0.37%	0.41%	0.07%	0.35%	-0.2%	-0.1%	0.06%
Operating Expenses+	5.37M	7.83M	8.7M	9.85M	17.96M	8.91M	14.01M	13.51M	14.86M	14.41M
OpEx % of Revenue	0.12%	0.12%	0.11%	0.1%	0.16%	0.08%	0.11%	0.1%	0.11%	0.1%
Selling, General & Admin	5.37M	7.83M	8.7M	9.85M	9.84M	7.81M	10.2M	10.58M	12.38M	14.04M
SG&A % of Revenue	0.12%	0.12%	0.11%	0.1%	0.09%	0.07%	0.08%	0.08%	0.09%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-7K	-1K	-1K	-1K	8.12M	1.1M	3.81M	2.93M	2.48M	368K
Operating Income+	-239K	-300K	-1.42M	372K	-2.31M	3.52M	6.9M	2.21M	963K	1.38M
Operating Margin %	-0.01%	-0%	-0.02%	0%	-0.02%	0.03%	0.06%	0.02%	0.01%	0.01%
Operating Income Growth %	-0.09%	-0.26%	-3.74%	1.26%	-7.2%	2.53%	0.96%	-0.68%	-0.57%	0.43%
EBITDA+	1.01M	2.04M	1.68M	4.32M	2.28M	11.86M	14.4M	6.27M	4.71M	5.23M
EBITDA Margin %	0.02%	0.03%	0.02%	0.04%	0.02%	0.11%	0.12%	0.05%	0.03%	0.04%
EBITDA Growth %	1.17%	1.02%	-0.18%	1.57%	-0.47%	4.2%	0.21%	-0.56%	-0.25%	0.11%
D&A (Non-Cash Add-back)	1.25M	2.34M	3.1M	3.95M	4.59M	8.34M	7.51M	4.06M	3.75M	3.85M
EBIT	-207K	-339K	-1.41M	375K	-3.49M	-12.04M	18.68M	-878K	963K	1.38M
Net Interest Income+	-49K	-107K	-182K	-388K	-753K	-753K	-269K	-54K	-78K	-125K
Interest Income	44K	19K	9K	4K	3K	0	0	0	0	0
Interest Expense	93K	126K	191K	392K	756K	753K	269K	54K	78K	125K
Other Income/Expense	-61K	-140K	-379K	-389K	-459K	-753K	11.55M	0	-78K	-125K
Pretax Income+	-300K	-465K	-1.6M	-17K	-4.25M	-12.79M	18.41M	-932K	885K	1.25M
Pretax Margin %	-0.01%	-0.01%	-0.02%	-0%	-0.04%	-0.12%	0.15%	-0.01%	0.01%	0.01%
Income Tax+	0	-1.23M	-1.87M	0	63K	0	6K	-5K	-10.79M	-624K
Effective Tax Rate %	2.64%	2.84%	1.4%	60.82%	1.01%	1.09%	0.91%	2.83%	12.53%	1.29%
Net Income+	-791K	-1.32M	-2.25M	-1.03M	-4.31M	-13.92M	16.79M	-2.64M	11.09M	1.61M
Net Margin %	-0.02%	-0.02%	-0.03%	-0.01%	-0.04%	-0.13%	0.14%	-0.02%	0.08%	0.01%
Net Income Growth %	-0.15%	-0.67%	-0.71%	0.54%	-3.17%	-2.23%	2.21%	-1.16%	5.2%	-0.85%
Net Income (Continuing)	-300K	-465K	-1.6M	-17K	0	-12.79M	18.4M	-927K	11.67M	1.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.61M	1.72M	2.71M	3.24M	1.52M	1.29M	1.12M	1.3M	423K	717K
EPS (Diluted)+	-0.08	-0.11	-0.18	-0.08	-0.34	-1.10	1.31	-0.21	0.94	0.14
EPS Growth %	0.32%	-0.46%	-0.64%	0.54%	-3.1%	-2.24%	2.19%	-1.16%	5.48%	-0.85%
EPS (Basic)	-0.08	-0.11	-0.18	-0.08	-0.34	-1.10	1.32	-0.21	0.94	0.15
Diluted Shares Outstanding	10.51M	12.27M	12.32M	12.46M	12.52M	12.59M	12.83M	12.46M	11.83M	11.15M
Basic Shares Outstanding	10.51M	12.27M	12.32M	12.46M	12.52M	12.59M	12.68M	12.46M	11.79M	11.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	14.73M	7.79M	6.07M	9.86M	4.92M	13.49M	11.44M	11.88M	6.59M	6.56M
Cash & Short-Term Investments	13.81M	6.33M	4.34M	3.48M	2.75M	11.45M	8.86M	8.91M	4.18M	3.85M
Cash Only	13.81M	6.33M	4.34M	3.48M	2.75M	11.45M	8.86M	8.91M	4.18M	3.85M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	248K	483K	586K	1.75M	822K	669K	644K	694K	769K	890K
Days Sales Outstanding	2.05	2.74	2.7	6.43	2.71	2.22	1.9	1.83	2.03	2.28
Inventory	510K	631K	847K	1M	1.13M	1.09M	1.3M	1.39M	1.41M	1.42M
Days Inventory Outstanding	4.86	4.05	4.32	4.12	4.28	4.23	4.62	4.17	4.17	4.09
Other Current Assets	0	0	0	0	0	0	641K	888K	235K	395K
Total Non-Current Assets+	33.5M	39.08M	49.09M	51.09M	54.99M	86.2M	82.24M	74.51M	84.5M	80.56M
Property, Plant & Equipment	14.22M	19.69M	29.69M	35.24M	35.68M	76.92M	72.96M	64.71M	62.97M	58.47M
Fixed Asset Turnover	3.10x	3.27x	2.66x	2.82x	3.10x	1.43x	1.70x	2.14x	2.19x	2.43x
Goodwill	15.07M	15.08M	15.15M	15.15M	15.15M	5.15M	5.15M	5.71M	5.71M	5.71M
Intangible Assets	4.02M	3.99M	3.96M	3.94M	3.95M	3.92M	3.9M	3.92M	3.94M	3.93M
Long-Term Investments	0	59K	46K	32K	13K	0	0	0	0	0
Other Non-Current Assets	195K	327K	285K	-3.24M	212K	209K	219K	166K	292K	242K
Total Assets+	48.23M	46.88M	55.15M	60.95M	59.91M	99.69M	93.68M	86.39M	91.09M	87.12M
Asset Turnover	0.91x	1.37x	1.43x	1.63x	1.85x	1.10x	1.32x	1.60x	1.52x	1.63x
Asset Growth %	1.86%	-0.03%	0.18%	0.11%	-0.02%	0.66%	-0.06%	-0.08%	0.05%	-0.04%
Total Current Liabilities+	7.26M	5.12M	6.92M	8.34M	9.23M	18.64M	12.89M	12.9M	14.89M	15.69M
Accounts Payable	2.73M	1.92M	3.31M	3.77M	3.77M	2.58M	1.5M	628K	2.58M	3.06M
Days Payables Outstanding	26.06	12.3	16.88	15.48	14.31	9.98	5.3	1.89	7.66	8.82
Short-Term Debt	2.62M	19K	17K	17K	0	6.24M	0	0	5.79M	30K
Deferred Revenue (Current)	25K	23K	41K	92K	79K	309K	436K	48K	1000K	1000K
Other Current Liabilities	1.3M	1.1M	2M	2.38M	0	0	2.74M	4.02M	-5.79M	0
Current Ratio	2.03x	1.52x	0.88x	1.18x	0.53x	0.72x	0.89x	0.92x	0.44x	0.42x
Quick Ratio	1.96x	1.40x	0.75x	1.06x	0.41x	0.67x	0.79x	0.81x	0.35x	0.33x
Cash Conversion Cycle	-19.15	-5.51	-9.85	-4.93	-7.32	-3.53	1.21	4.11	-1.46	-2.45
Total Non-Current Liabilities+	2.71M	3.96M	10.95M	15.39M	21.76M	66.07M	49.92M	45.7M	43.2M	38.34M
Long-Term Debt	0	19K	5.34M	7.47M	12.85M	10.9M	0	0	750K	842K
Capital Lease Obligations	11K	0	0	0	0	53.73M	49.72M	45.54M	42.33M	37.4M
Deferred Tax Liabilities	0	0	-155K	-351K	-320K	0	0	0	0	0
Other Non-Current Liabilities	2.7M	3.94M	5.61M	7.92M	8.91M	1.44M	202K	159K	122K	105K
Total Liabilities	9.97M	9.08M	17.87M	60.95M	30.98M	84.71M	62.81M	58.6M	58.09M	54.03M
Total Debt+	11K	38K	5.36M	7.49M	12.85M	75.56M	54.66M	50.97M	48.87M	44.43M
Net Debt	-13.8M	-6.29M	1.02M	4.01M	10.11M	64.11M	45.8M	42.07M	44.69M	40.58M
Debt / Equity	0.00x	0.00x	0.13x	0.19x	0.42x	5.04x	1.77x	1.83x	1.48x	1.34x
Debt / EBITDA	0.01x	0.02x	3.19x	1.73x	5.63x	6.37x	3.79x	8.13x	10.36x	8.50x
Net Debt / EBITDA	-13.70x	-3.09x	0.61x	0.93x	4.43x	5.41x	3.18x	6.71x	9.48x	7.76x
Interest Coverage	-2.57x	-2.38x	-7.45x	0.95x	-3.05x	4.67x	25.64x	41.02x	12.35x	11.04x
Total Equity+	39.87M	39.52M	40M	40.46M	30.44M	14.98M	30.87M	27.79M	32.99M	33.09M
Equity Growth %	1.93%	-0.01%	0.01%	0.01%	-0.25%	-0.51%	1.06%	-0.1%	0.19%	0%
Book Value per Share	3.79	3.22	3.25	3.25	2.43	1.19	2.41	2.23	2.79	2.97
Total Shareholders' Equity	38.26M	37.8M	37.28M	37.22M	28.92M	13.69M	29.75M	26.48M	32.57M	32.37M
Common Stock	12K	12K	12K	12K	13K	13K	13K	13K	13K	13K
Retained Earnings	-20.8M	-22.13M	-24.38M	-25.41M	-30.55M	-44.47M	-27.68M	-30.32M	-19.23M	-17.62M
Treasury Stock	0	0	0	0	0	-75K	-1.61M	-2.63M	-4.91M	-6.86M
Accumulated OCI	-13.22M	-15.51M	-18.64M	-22.55M	0	0	0	0	0	0
Minority Interest	1.61M	1.72M	2.71M	3.24M	1.52M	1.29M	1.12M	1.3M	423K	717K

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	3.17M	5.4M	4.98M	6.5M	6.77M	8.37M	9.14M	5.29M	7.96M	5.13M
Operating CF Margin %	0.07%	0.08%	0.06%	0.07%	0.06%	0.08%	0.07%	0.04%	0.06%	0.04%
Operating CF Growth %	1.2%	0.7%	-0.08%	0.31%	0.04%	0.24%	0.09%	-0.42%	0.51%	-0.36%
Net Income	-300K	-465K	-1.6M	-17K	-4.25M	-12.79M	18.4M	-927K	11.67M	1.61M
Depreciation & Amortization	1.33M	2.34M	3.1M	3.95M	4.59M	8.34M	7.51M	7.91M	3.75M	3.85M
Stock-Based Compensation	477K	718K	748K	417K	719K	283K	362K	250K	132K	134K
Deferred Taxes	14K	-25K	196K	37K	2.79M	0	6K	-5K	-10.79M	-624K
Other Non-Cash Items	195K	205K	322K	222K	90K	15.57M	-11.81M	2.98M	1.22M	99K
Working Capital Changes	1.45M	2.63M	2.22M	1.89M	2.83M	-3.03M	-5.32M	-4.91M	1.98M	59K
Change in Receivables	199K	678K	247K	-75K	1.73M	-2.4M	-3.71M	-293K	99K	-355K
Change in Inventory	-95K	-121K	-216K	-157K	-124K	35K	-210K	-64K	-5K	0
Change in Payables	1.44M	-89K	777K	194K	317K	-496K	-1.39M	-654K	1.87M	449K
Cash from Investing+	-23.71M	-8.48M	-12.63M	-9.03M	-11.06M	-2.6M	-3.19M	-2.62M	-10.44M	-3.66M
Capital Expenditures	-7.63M	-8.5M	-14.51M	-10.44M	-8.08M	-2.6M	-3.2M	-2.64M	-4.77M	-3.14M
CapEx % of Revenue	0.17%	0.13%	0.18%	0.11%	0.07%	0.02%	0.03%	0.02%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.53M	19K	1.94M	1.41M	21K	-85K	-7K	745K	48K	14K
Cash from Financing+	24.46M	-4.39M	5.65M	1.67M	3.56M	2.87M	-8.56M	-2.62M	-2.25M	-1.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.87M	-712K	378K	-463K	-1.81M	-1.35M	-1.52M	-1.75M	-722K	28K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.46M	-3.1M	-9.53M	-3.94M	-1.31M	5.77M	5.95M	2.65M	3.19M	1.99M
FCF Margin %	-0.1%	-0.05%	-0.12%	-0.04%	-0.01%	0.05%	0.05%	0.02%	0.02%	0.01%
FCF Growth %	-1.28%	0.31%	-2.07%	0.59%	0.67%	5.41%	0.03%	-0.55%	0.21%	-0.38%
FCF per Share	-0.42	-0.25	-0.77	-0.32	-0.10	0.46	0.46	0.21	0.27	0.18
FCF Conversion (FCF/Net Income)	-4.01x	-4.09x	-2.21x	-6.29x	-1.57x	-0.60x	0.54x	-2.00x	0.72x	3.18x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.96%	-3.33%	-5.67%	-2.57%	-12.16%	-61.27%	73.22%	-9%	36.48%	4.88%
Return on Invested Capital (ROIC)	-1.2%	-0.76%	-2.87%	0.65%	-4.07%	4.41%	6.64%	2.27%	0.98%	1.37%
Gross Margin	13.13%	11.64%	9.45%	10.34%	13.06%	14.07%	16.87%	12.06%	10.81%	11.1%
Net Margin	-1.8%	-2.05%	-2.85%	-1.04%	-3.89%	-12.67%	13.54%	-1.91%	8.02%	1.13%
Debt / Equity	0.00x	0.00x	0.13x	0.19x	0.42x	5.04x	1.77x	1.83x	1.48x	1.34x
Interest Coverage	-2.57x	-2.38x	-7.45x	0.95x	-3.05x	4.67x	25.64x	41.02x	12.35x	11.04x
FCF Conversion	-4.01x	-4.09x	-2.21x	-6.29x	-1.57x	-0.60x	0.54x	-2.00x	0.72x	3.18x
Revenue Growth	57.14%	46.26%	22.72%	25.49%	11.6%	-0.81%	12.83%	11.49%	-0.03%	3.01%

Revenue by Segment

	2015	2016	2017	2023
Service	-	-	-	137.23M
Service Growth	-	-	-	-
Franchise	-	-	-	893K
Franchise Growth	-	-	-	-
Bad Daddys Burger Bar Restaurant	15.16M	35.22M	48.07M	-
Bad Daddys Burger Bar Restaurant Growth	-	132.40%	36.47%	-
Good Times Burgers And Frozen Custard Restaurants	28.9M	29.22M	31.01M	-
Good Times Burgers And Frozen Custard Restaurants Growth	-	1.09%	6.15%	-

Frequently Asked Questions

Valuation & Price

Good Times Restaurants Inc. (GTIM) has a price-to-earnings (P/E) ratio of 8.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Good Times Restaurants Inc. (GTIM) reported $143.4M in revenue for fiscal year 2024. This represents a 596% increase from $20.6M in 2011.

Good Times Restaurants Inc. (GTIM) grew revenue by 3.0% over the past year. Growth has been modest.

Yes, Good Times Restaurants Inc. (GTIM) is profitable, generating $1.3M in net income for fiscal year 2024 (1.1% net margin).

Dividend & Returns

Good Times Restaurants Inc. (GTIM) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Good Times Restaurants Inc. (GTIM) had negative free cash flow of $1.8M in fiscal year 2024, likely due to heavy capital investments.