Masterbeef vs Nathans Famous
Nathans Famous is the larger business, with $162m of revenue in fiscal 2026 against $58.9m for Masterbeef (2.8 times as much). Nathans Famous grew faster (9.4% against -8.8%). Nathans Famous kept more of each dollar of sales as profit: a net margin of 12.4% against -11.4%.
| Latest fiscal year | MasterbeefMB, 2025 | Nathans FamousNATH, 2026 |
|---|---|---|
| Revenue | $58.9m | $162m |
| Revenue growth | -8.8% | 9.4% |
| Net income | −$6.7m | $20.0m |
| Operating margin | — | 18.6% |
| Net margin | -11.4% | 12.4% |
| Return on equity | -138.0% | — |
| Free cash flow | −$1.8m | $17.9m |
| Cash | $19.0m | $24.4m |
| Total debt | $6.9m | $48.4m |
| Debt to equity | 113.5% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 129 |
| Market value | $64.1m | $418m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | — | 74 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |