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Friday 6 November 2026
Export BTBD’s income statement to Excel — free account
BT Brands, Inc.
BTBD Consumer Cyclical Restaurants
BT Brands, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.5 million, down 9.02% from fiscal 2024.
- Revenue
- −6.05%
- EPS
- +800.0%
- Free cash flow
- −57.8%
- Total debt
- −8.50%
Quarter to June 2026, against a year earlier
1.57
0.20
−11.30%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 7 | 6 | 8 | 8 | 13 | 14 | 15 | 13 | 13 | +9.7% | — | — | — | — | |
| Gross margin, % | — | — | 16.04 | 16.16 | 24.80 | 24.86 | 19.62 | 12.14 | 11.37 | 19.27 | 19.75 | +3.2 pt | ||||||
| EBT | — | — | 0 | (1) | 1 | 1 | (1) | (1) | (2) | (1) | (1) | n/m | ||||||
| EBT margin, % | — | — | 0.49 | (8.77) | 11.30 | 9.56 | (5.89) | (7.33) | (14.20) | (5.10) | (4.57) | (5.6) pt | ||||||
| Net income | — | 0 | 0 | 0 | 1 | 1 | (1) | (1) | (2) | (1) | (1) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 0.98 | 1.60 | 2.02 | 1.93 | 1.95 | 2.25 | 2.39 | 2.19 | 2.08 | n/m | |||||
| Earnings | — | — | 0.00 | (0.12) | 0.20 | 0.14 | (0.09) | (0.14) | (0.37) | (0.11) | (0.09) | n/m | ||||||
| Cash flow | — | 0.00 | 0.01 | 0.01 | 0.35 | 0.19 | 0.03 | (0.04) | (0.12) | 0.05 | 0.05 | n/m | ||||||
| Capex | — | 0.00 | 0.03 | 0.00 | (0.04) | (0.05) | (0.07) | 0.00 | (0.04) | 0.06 | 0.06 | n/m | ||||||
| Free cash flow | — | 0.00 | 0.04 | 0.01 | 0.31 | 0.14 | (0.04) | (0.04) | (0.15) | 0.11 | 0.11 | n/m | ||||||
| Book value | — | 0.00 | (0.14) | (0.37) | (0.17) | 2.42 | 1.57 | 1.47 | 1.12 | 1.04 | 1.03 | n/m | ||||||
| Shares, m | — | 4 | 7 | 4 | 4 | 4 | 6 | 6 | 6 | 6 | 6 | +5.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 32.50 | 32.50 | 32.50 | 20.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.7 | |||||
| P/S | — | — | 2.12 | 2.12 | 2.12 | 1.53 | 0.92 | 1.10 | 0.60 | 0.63 | 0.75 | 1.4 | ||||||
| P/B | — | — | 0.00 | 0.00 | 0.00 | 1.22 | 1.14 | 1.69 | 1.28 | 1.33 | 1.53 | 0.8 | ||||||
| EV/Sales | — | — | 2.25 | 2.25 | 2.25 | 0.42 | 0.50 | 0.80 | 0.47 | 0.46 | 0.56 | 1.2 | ||||||
| EV/FCF | — | — | 25.78 | 25.78 | 25.78 | 5.85 | (23.63) | (44.95) | (7.23) | 9.37 | 10.39 | 2.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | 0 | 1 | 1 | 0 | 0 | (1) | 0 | 0 | +28.6% | |||||
| Capex | — | — | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +7.1% | ||||||
| Free cash flow | — | — | 0 | 0 | 1 | 1 | 0 | 0 | (1) | 1 | 1 | +12.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 0 | 0 | 12 | 7 | 6 | 4 | 5 | 4 | +86.9% | |||||
| Net debt | — | — | 3 | 3 | 2 | (9) | (5) | (4) | (2) | (2) | (2) | n/m | ||||||
| Shareholders’ equity | — | — | (1) | (1) | (1) | 11 | 10 | 9 | 7 | 6 | 6 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | 1.27 | (15.82) | 26.30 | 6.79 | (3.60) | (5.66) | (17.37) | (6.05) | (5.42) | (7.3) pt | |||||
| ROIC | — | — | 213.35 | 231.94 | 439.34 | 49.20 | (5.06) | (13.54) | (23.04) | (5.60) | (1.71) | (219.0) pt | ||||||
| ROE | — | — | (1.64) | 36.81 | (72.11) | 12.25 | (5.41) | (9.18) | (28.61) | (10.28) | (8.95) | (8.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 107 | 107 | 107 | 220 | 188 | 180 | 81 | — | (4.5%) | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.06 | 0.08 | 0.08 | 0.06 | 0.07 | 0.08 | 0.17 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
BT Brands, Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| STKS The ONE Group Hospitality, Inc. | $35.8M | — (loss-making) | — (loss-making) | −3.33% (below 0%: shrinking) | n/m | +88.09% (above 0%: growing) | 17.77% | 3.27% | Compare |
| RAVE Rave Restaurant Group, Inc. | $30.4M | 10.0× | 2.4× | +8.81% (above 0%: growing) | 0.00% | +30.02% (above 0%: growing) | 75.29% | 36.28% | Compare |
| ARKR Ark Restaurants Corp. | $17.0M | — (loss-making) | 8.0× | −6.48% (below 0%: shrinking) | n/m | −221.42% (below 0%: shrinking) | 7.92% | (0.34%) | Compare |
| CCHH CCH Holdings Ltd | $15.3M | — | — | — | — | — | — | — | Compare |
| GTIM Good Times Restaurants Inc. | $13.4M | 5.9× | — (loss-making) | −5.02% (below 0%: shrinking) | +28.57% (above 0%: growing) | +123.27% (above 0%: growing) | 14.81% | 5.02% | Compare |
| REBN Reborn Coffee, Inc. | $10.9M | — (loss-making) | — | +244.55% (above 0%: growing) | n/m | +45.86% (above 0%: growing) | 19.83% | (24.93%) | Compare |
| BTBD BT Brands, Inc. | $9.5M | — (loss-making) | — (loss-making) | −6.05% (below 0%: shrinking) | +800.00% (above 0%: growing) | −57.77% (below 0%: shrinking) | 23.52% | 3.30% | |
| CHSN Chanson International Holding | $5.5M | 230× | — | −81.14% (below 0%: shrinking) | −100.00% (below 0%: shrinking) | −515.78% (below 0%: shrinking) | 49.17% | 0.00% | Compare |
| TWNPQ Twin Hospitality Group Inc. | $4.1M | — (loss-making) | — | −1.61% (below 0%: shrinking) | n/m | +14.65% (above 0%: growing) | 46.24% | (16.24%) | Compare |
| Median of peers | $14.3M | 10.0× | — | −3.33% | 0.00% | +30.02% | 19.83% | 0.00% |