Head-To-Head Survey: FAT Brands (NASDAQ:FAT) versus Vox Royalty (NASDAQ:VOXR)

Vox Royalty (NASDAQ:VOXR) and FAT Brands (NASDAQ:FAT) are both small-cap materials companies, but which is the better business? We will compare the two companies based on the strength of their profitability, earnings, valuation, institutional ownership, dividends, analyst recommendations and risk.

Earnings & Valuation

This table compares Vox Royalty and FAT Brands”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Vox Royalty	$16.62 million	19.83	$5.89 million	$0.67	7.07
FAT Brands	$574.14 million	0.01	-$189.85 million	($13.35)	-0.01

Vox Royalty has higher earnings, but lower revenue than FAT Brands. FAT Brands is trading at a lower price-to-earnings ratio than Vox Royalty, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Vox Royalty and FAT Brands’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Vox Royalty	141.52%	14.16%	12.98%
FAT Brands	-39.33%	N/A	-17.99%

Dividends

Vox Royalty pays an annual dividend of $0.06 per share and has a dividend yield of 1.3%. FAT Brands pays an annual dividend of $0.14 per share and has a dividend yield of 86.1%. Vox Royalty pays out 9.0% of its earnings in the form of a dividend. FAT Brands pays out -1.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. FAT Brands is clearly the better dividend stock, given its higher yield and lower payout ratio.

Insider and Institutional Ownership

46.0% of Vox Royalty shares are owned by institutional investors. Comparatively, 6.9% of FAT Brands shares are owned by institutional investors. 15.7% of FAT Brands shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and target prices for Vox Royalty and FAT Brands, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Vox Royalty	0	1	4	0	2.80
FAT Brands	1	1	0	0	1.50

Vox Royalty presently has a consensus target price of $8.00, indicating a potential upside of 68.78%. Given Vox Royalty’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Vox Royalty is more favorable than FAT Brands.

Risk & Volatility

Vox Royalty has a beta of 0.63, indicating that its stock price is 37% less volatile than the S&P 500. Comparatively, FAT Brands has a beta of 1.34, indicating that its stock price is 34% more volatile than the S&P 500.

Summary

Vox Royalty beats FAT Brands on 11 of the 16 factors compared between the two stocks.

About Vox Royalty

Vox Royalty Corp. was a mining royalty company that acquired interests in producing and developing mines. Rather than operating mines itself, the company earned royalties and other payments tied to production from mining operators. Its portfolio focused primarily on precious metals, including gold and silver, and covered mining projects in regions such as Australia, North America, South America, Africa and Europe. Vox was founded in 2014 and built its portfolio through royalty acquisitions. In 2025, Vox Royalty was acquired by Sandstorm Gold Ltd., bringing its royalty interests into Sandstorm’s portfolio.

About FAT Brands

FAT Brands Inc. is a global restaurant franchising company that develops, markets and supports a portfolio of franchised and company-owned restaurant concepts. Its brands span several dining categories, including burgers, pizza, casual dining, fast-casual meals, wings, frozen desserts, cookies and snacks. The company’s portfolio includes Fatburger, Johnny Rockets, Twin Peaks, Fazoli’s, Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Native Grill & Wings, Pretzelmaker, Hurricane Grill & Wings and Elevation Burger.