Happy City Holdings vs Rave Restaurant Group
Rave Restaurant Group is the larger business, with $12.9m of revenue in fiscal 2026 against $6.8m for Happy City Holdings (1.9 times as much). Rave Restaurant Group grew faster (7.2% against -18.0%). Rave Restaurant Group kept more of each dollar of sales as profit: a net margin of 22.3% against -35.7%.
| Latest fiscal year | Happy City HoldingsHCHL, 2025 | Rave Restaurant GroupRAVE, 2026 |
|---|---|---|
| Revenue | $6.8m | $12.9m |
| Revenue growth | -18.0% | 7.2% |
| Net income | −$2.4m | $2.9m |
| Operating margin | -33.4% | — |
| Net margin | -35.7% | 22.3% |
| Return on equity | -173.0% | 18.3% |
| Free cash flow | −$2.2m | $3.5m |
| Cash | $3.4m | $1.1m |
| Total debt | $3.3m | $0 |
| Debt to equity | 150.7% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | — | 24 |
| Market value | $70.7m | $30.7m |
| Price vs our value range | — | Below our value range |
| Moat score | — | 73 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |