Falcon's Beyond Global vs Here Group
Here Group is the larger business, with $85.4m of revenue in fiscal 2026 against $14.9m for Falcon's Beyond Global (5.7 times as much). Here Group grew faster (836.1% against 120.8%). Falcon's Beyond Global kept more of each dollar of sales as profit: a net margin of 19.1% against 10.5%. Here Group carries less debt relative to equity (0.0% against 142.6%).
| Latest fiscal year | Falcon's Beyond GlobalFBYD, 2025 | Here GroupHERE, 2026 |
|---|---|---|
| Revenue | $14.9m | $85.4m |
| Revenue growth | 120.8% | 836.1% |
| Net income | $2.8m | $8.9m |
| Operating margin | -90.0% | -49.3% |
| Net margin | 19.1% | 10.5% |
| Return on equity | 191.8% | 8.7% |
| Free cash flow | −$24.8m | −$23.2m |
| Cash | $1.9m | $63.5m |
| Total debt | $17.0m | $0 |
| Debt to equity | 142.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 13.6% |
| Share buybacks | — | — |
| Employees | 243 | — |
| Market value | $344m | $78.0m |
| Price vs our value range | — | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 0 sales |