Saturday 17 October 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. In the quarter to June 2026, revenue fell 6.05%, EPS grew 800.0%, free cash flow fell 57.8% and total debt fell 8.50%, each against the same quarter a year earlier.
1.63
0.07
−4.12%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 2.87 | 1.50 | 1.45 | 1.25 | 1.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 5.25 | 4.95 | 3.00 | 3.05 | 5.60 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 107 | 107 | 107 | 220 | 188 | 180 | 81 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.06 | 0.08 | 0.08 | 0.06 | 0.07 | 0.08 | 0.17 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 7 | 6 | 8 | 8 | 13 | 14 | 15 | 13 | ||||
| Gross margin, % | — | — | 16.04 | 16.16 | 24.80 | 24.86 | 19.62 | 12.14 | 11.37 | 19.27 | |||||
| EBT | — | — | 0 | (1) | 1 | 1 | (1) | (1) | (2) | (1) | |||||
| EBT margin, % | — | — | 0.49 | (8.77) | 11.30 | 9.56 | (5.89) | (7.33) | (14.20) | (5.10) | |||||
| Net income | — | 0 | 0 | 0 | 1 | 1 | (1) | (1) | (2) | (1) | |||||
| Depreciation | — | — | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 0.98 | 1.60 | 2.02 | 1.93 | 1.95 | 2.25 | 2.39 | 2.19 | ||||
| Earnings | — | — | 0.00 | (0.12) | 0.20 | 0.14 | (0.09) | (0.14) | (0.37) | (0.11) | |||||
| Cash flow | — | 0.00 | 0.01 | 0.01 | 0.35 | 0.19 | 0.03 | (0.04) | (0.12) | 0.05 | |||||
| Capex | — | 0.00 | 0.03 | 0.00 | (0.04) | (0.05) | (0.07) | 0.00 | (0.04) | 0.06 | |||||
| Free cash flow | — | 0.00 | 0.04 | 0.01 | 0.31 | 0.14 | (0.04) | (0.04) | (0.15) | 0.11 | |||||
| Book value | — | 0.00 | (0.14) | (0.37) | (0.17) | 2.42 | 1.57 | 1.47 | 1.12 | 1.04 | |||||
| Shares, m | — | 4 | 7 | 4 | 4 | 4 | 6 | 6 | 6 | 6 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 31.43 | 31.43 | 31.43 | 20.23 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | 2.05 | 2.05 | 2.05 | 1.53 | 0.92 | 1.10 | 0.60 | 0.63 | |||||
| P/B | — | — | 0.00 | 0.00 | 0.00 | 1.22 | 1.14 | 1.69 | 1.28 | 1.33 | |||||
| EV/Sales | — | — | 2.18 | 2.18 | 2.18 | 0.42 | 0.50 | 0.80 | 0.47 | 0.46 | |||||
| EV/FCF | — | — | 24.98 | 24.98 | 24.98 | 5.85 | (23.63) | (44.95) | (7.23) | 9.37 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | 0 | 1 | 1 | 0 | 0 | (1) | 0 | ||||
| Capex | — | — | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free cash flow | — | — | 0 | 0 | 1 | 1 | 0 | 0 | (1) | 1 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 0 | 0 | 12 | 7 | 6 | 4 | 5 | ||||
| Total debt | — | — | 4 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | |||||
| Net debt | — | — | 3 | 3 | 2 | (9) | (5) | (4) | (2) | (2) | |||||
| Shareholders’ equity | — | — | (1) | (1) | (1) | 11 | 10 | 9 | 7 | 6 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | 1.27 | (15.82) | 26.30 | 6.79 | (3.60) | (5.66) | (17.37) | (6.05) | ||||
| ROIC | — | — | 213.35 | 231.94 | 439.34 | 49.20 | (5.06) | (13.54) | (23.04) | (5.60) | |||||
| ROE | — | — | (1.64) | 36.81 | (72.11) | 12.25 | (5.41) | (9.18) | (28.61) | (10.28) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| THCH TH International Limited | $31.9M | — (loss-making) | — | −17.29% (below 0%: shrinking) | n/m | +3,099.39% (above 0%: growing) | 63.68% | (21.26%) | Compare |
| RAVE Rave Restaurant Group, Inc. | $31.4M | 10.4× | 2.4× | +8.81% (above 0%: growing) | 0.00% | +30.02% (above 0%: growing) | 75.29% | 36.28% | Compare |
| CCHH CCH Holdings Ltd | $18.2M | — | — | — | — | — | — | — | Compare |
| ARKR Ark Restaurants Corp. | $15.8M | — (loss-making) | 8.0× | −6.48% (below 0%: shrinking) | n/m | −221.42% (below 0%: shrinking) | 7.92% | (0.34%) | Compare |
| GTIM Good Times Restaurants Inc. | $14.7M | 6.4× | — (loss-making) | −5.02% (below 0%: shrinking) | +28.57% (above 0%: growing) | +123.27% (above 0%: growing) | 14.81% | 5.02% | Compare |
| PETZ TDH Holdings, Inc. | $13.4M | — (loss-making) | — (loss-making) | +1,056.22% (above 0%: growing) | +102.70% (above 0%: growing) | +19.06% (above 0%: growing) | 31.14% | 0.00% | Compare |
| REBN Reborn Coffee, Inc. | $11.9M | — (loss-making) | — | +244.55% (above 0%: growing) | n/m | +45.86% (above 0%: growing) | 19.83% | (24.93%) | Compare |
| BTBD BT Brands, Inc. | $10.2M | — (loss-making) | — (loss-making) | −6.05% (below 0%: shrinking) | +800.00% (above 0%: growing) | −57.77% (below 0%: shrinking) | 23.52% | 3.30% | |
| 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 | $15.2M | — | — | −1.61% | +28.57% | +30.02% | 31.14% | (0.34%) |
BT Brands, Inc. (BTBD) key facts
- Concern: BT Brands, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.5 million, down 9.02% from fiscal 2024.
- BT Brands, Inc. (BTBD) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
- As of October 16, 2026, BTBD traded at $1.63, a market capitalization of $10.2 million.
- Return on equity was −10.3% and debt-to-equity 0.31.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.19 (grey zone) for fiscal 2025.