FAT vs. PEP

Last updated Apr 2, 2026

Compare and contrast key facts about FAT Brands Inc. (FAT) and PepsiCo, Inc. (PEP).

Performance

FAT vs. PEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FAT Brands Inc. (FAT) and PepsiCo, Inc. (PEP). The values are adjusted to include any dividend payments, if applicable.

FAT vs. PEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAT FAT Brands Inc.	-48.32%	-89.39%	-3.66%	32.64%	-50.03%	86.50%	30.77%	-1.21%	-44.62%	-21.20%
PEP PepsiCo, Inc.	8.72%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	8.11%

Fundamentals

Market Cap FAT : $2.91M PEP : $212.03B
EPS FAT : -$12.65 PEP : $6.00
PS Ratio FAT : 0.01 PEP : 2.26
Total Revenue (TTM) FAT : $574.14M PEP : $93.93B
Gross Profit (TTM) FAT : $157.40M PEP : $50.86B
EBITDA (TTM) FAT : -$45.08M PEP : $14.39B

Returns By Period

In the year-to-date period, FAT achieves a -48.32% return, which is significantly lower than PEP's 8.72% return.

FAT

• 1D: 0.00%
• 1M: 0.00%
• YTD: -48.32%
• 6M: -91.44%
• 1Y: -94.19%
• 3Y*: -63.58%
• 5Y*: -45.21%
• 10Y*: —

PEP

• 1D: -0.41%
• 1M: -6.72%
• YTD: 8.72%
• 6M: 10.07%
• 1Y: 7.46%
• 3Y*: -2.09%
• 5Y*: 5.03%
• 10Y*: 7.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FAT vs. PEP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAT

FAT Risk / Return Rank: 3
FAT Sharpe Ratio Rank: 5
FAT Sortino Ratio Rank: 0
FAT Omega Ratio Rank: 1
FAT Calmar Ratio Rank: 1
FAT Martin Ratio Rank: 5

PEP

PEP Risk / Return Rank: 49
PEP Sharpe Ratio Rank: 53
PEP Sortino Ratio Rank: 46
PEP Omega Ratio Rank: 43
PEP Calmar Ratio Rank: 53
PEP Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAT vs. PEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FAT Brands Inc. (FAT) and PepsiCo, Inc. (PEP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FAT	PEP	Difference
Sharpe ratio Return per unit of total volatility	-0.93	0.33	-1.27
Sortino ratio Return per unit of downside risk	-2.71	0.68	-3.39
Omega ratio Gain probability vs. loss probability	0.59	1.08	-0.49
Calmar ratio Return relative to maximum drawdown	-1.00	0.48	-1.48
Martin ratio Return relative to average drawdown	-1.65	0.98	-2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAT vs. PEP - Sharpe Ratio Comparison

The current FAT Sharpe Ratio is -0.93, which is lower than the PEP Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of FAT and PEP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAT	PEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	0.33	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.68	0.28	-0.96
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.39	-0.80

Correlation

The correlation between FAT and PEP is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FAT vs. PEP - Dividend Comparison

FAT has not paid dividends to shareholders, while PEP's dividend yield for the trailing twelve months is around 3.68%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAT FAT Brands Inc.	0.00%	0.00%	10.53%	9.24%	10.92%	4.91%	0.00%	2.64%	7.66%	0.00%	0.00%	0.00%
PEP PepsiCo, Inc.	3.68%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Drawdowns

FAT vs. PEP - Drawdown Comparison

The maximum FAT drawdown since its inception was -97.48%, which is greater than PEP's maximum drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for FAT and PEP.

Drawdown Indicators

	FAT	PEP	Difference
Max Drawdown Largest peak-to-trough decline	-97.48%	-73.92%	-23.56%
Max Drawdown (1Y) Largest decline over 1 year	-94.41%	-15.14%	-79.27%
Max Drawdown (5Y) Largest decline over 5 years	-97.48%	-30.32%	-67.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.32%	—
Current Drawdown Current decline from peak	-97.48%	-12.75%	-84.73%
Average Drawdown Average peak-to-trough decline	-48.88%	-13.64%	-35.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.25%	7.39%	+49.86%

Volatility

FAT vs. PEP - Volatility Comparison

The current volatility for FAT Brands Inc. (FAT) is 0.00%, while PepsiCo, Inc. (PEP) has a volatility of 5.23%. This indicates that FAT experiences smaller price fluctuations and is considered to be less risky than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAT	PEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.23%	-5.23%
Volatility (6M) Calculated over the trailing 6-month period	102.12%	14.84%	+87.28%
Volatility (1Y) Calculated over the trailing 1-year period	101.56%	22.46%	+79.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.00%	18.11%	+48.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.05%	19.54%	+58.51%

Financials

FAT vs. PEP - Profitability Comparison

The chart below illustrates the profitability comparison between FAT Brands Inc. and PepsiCo, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, FAT Brands Inc. reported a gross profit of 37.49M and revenue of 140.01M. Therefore, the gross margin over that period was 26.8%.

PEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a gross profit of 15.62B and revenue of 29.34B. Therefore, the gross margin over that period was 53.2%.

FAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, FAT Brands Inc. reported an operating income of -17.34M and revenue of 140.01M, resulting in an operating margin of -12.4%.

PEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported an operating income of 3.56B and revenue of 29.34B, resulting in an operating margin of 12.1%.

FAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, FAT Brands Inc. reported a net income of -58.22M and revenue of 140.01M, resulting in a net margin of -41.6%.

PEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a net income of 2.54B and revenue of 29.34B, resulting in a net margin of 8.7%.