FAT Brands Inc. (FAT) Revenue History
Annual and quarterly revenue from 2015 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
FAT Revenue Growth
Revenue Breakdown (FY 2024)
FAT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
FAT Revenue Analysis (2015–2024)
As of May 8, 2026, FAT Brands Inc. (FAT) generated trailing twelve-month (TTM) revenue of $574.1 million, reflecting slight decline in growth of -2.3% year-over-year. The most recent quarter (Q3 2025) recorded $140.0 million in revenue, down 4.6% sequentially.
Looking at the longer-term picture, FAT's 5-year compound annual growth rate (CAGR) stands at +92.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $592.7 million in 2024, representing a new all-time high.
Revenue diversification analysis shows FAT's business is primarily driven by Restaurant Sales (70%), Royalty (15%), and Advertising (7%). With over half of revenue concentrated in Restaurant Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including DENN (+0.9% YoY), RRGB (-3.1% YoY), and ARKR (-11.4% YoY), FAT has underperformed the peer group in terms of revenue growth. Compare FAT vs DENN →
FAT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FATCurrent | $574M | -2.3% | +92.4% | -8.8% | |
 DENN | $452M | +0.9% | -3.5% | 10.0% | |
 RRGB | $1.2B | -3.1% | +6.9% | 0.2% | |
 ARKR | $166M | -11.4% | +2.5% | -2.5% | |
 RAVE | $12M | +3.2% | +3.7% | 27.1% | |
 FWRG | $1.2B | +20.4% | +29.0% | 2.8% |
FAT Historical Revenue Data (2015–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $592.7M | +23.4% | $150.4M | 25.4% | $-52,220,000 | -8.8% |
| 2023 | $480.5M | +18.0% | $150.0M | 31.2% | $22.3M | 4.6% |
| 2022 | $407.2M | +242.5% | $185.6M | 45.6% | $-17,904,000 | -4.4% |
| 2021 | $118.9M | +556.1% | $56.7M | 47.7% | $824K | 0.7% |
| 2020 | $18.1M | -19.5% | $12.9M | 71.2% | $-16,266,000 | -89.8% |
| 2019 | $22.5M | +26.2% | $18.4M | 81.7% | $5.9M | 26.3% |
| 2018 | $17.8M | +720.7% | $12.5M | 70.0% | $4.2M | 23.8% |
| 2017 | $2.2M | -74.3% | $2.2M | 100.0% | $26K | 1.2% |
| 2016 | $8.5M | +12.3% | $8.5M | 100.0% | $5.5M | 65.3% |
| 2015 | $7.5M | - | $7.5M | 100.0% | $4.9M | 65.6% |
See FAT's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FAT Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FAT vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonFAT — Frequently Asked Questions
Quick answers to the most common questions about buying FAT stock.
Is FAT's revenue growth accelerating or slowing?
FAT revenue growth slowed to -2.3%, below the 5-year CAGR of +92.4%. TTM revenue is $574M. The deceleration marks a shift from historical growth rates.
What is FAT's long-term revenue growth rate?
FAT Brands Inc.'s 5-year revenue CAGR of +92.4% reflects the variable expansion pattern. Current YoY growth of -2.3% is near this long-term average.
How is FAT's revenue distributed by segment?
FAT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2024 are available for download. Segment mix reveals concentration and diversification trends.