Flanigans Enterprises Inc

Flanigan's Enterprises Inc maintains a capital structure with a debt-to-equity ratio of 0.29, indicating a relatively conservative leverage position compared to the industry median of 0.45. The company's liquidity position is characterized by a current ratio of 1.84, which is above the industry median of 1.50, suggesting a strong ability to meet short-term obligations. Free cash flow of $5.73 million in Q2 2026 supports operational flexibility, though the company's net cash position is negative after subtracting total debt.

Profitability metrics show a return on equity (ROE) of 5.35% and a return on assets (ROA) of 2.54%, both below the industry median of 7.20% and 3.80%, respectively. The company's operating margin of 5.35% (calculated from operating income of $5.84 million on revenue of $109.08 million) is also below the industry median of 6.80%, indicating room for improvement in cost management and pricing power.

Geographically, the company's revenue is concentrated in the United States, with no disclosed international operations. Segment data is not available, but the company operates under a single business segment, which may limit diversification benefits. The lack of segment reporting could obscure performance drivers and risk concentrations.

The company's growth trajectory is modest, with a revenue outlook for FY 2026 of $112.0 million, representing a 2.7% increase from the previous year. For FY 2027, the outlook is for revenue of $115.0 million, a 2.7% increase again. These growth rates are in line with the industry median of 3.0% but suggest a stable rather than aggressive growth strategy.

Risk factors include medium liquidity and dilution risks. The company has a medium risk of dilution, with potential sources including recent mentions of dilution or offering risk in source documents. The company's liquidity risk is moderate, supported by a strong current ratio and positive free cash flow, but the negative net cash position after debt is a concern.

Recent events include the adoption of new accounting standards, such as ASU 2025-01 and ASU 2025-11, which will affect financial reporting in future periods. The company has also issued cautionary language regarding forward-looking statements, emphasizing the potential for material differences between projections and actual results.

This is the first analysis for Flanigan's Enterprises, Inc. (BDL), meaning there is no prior basis for computing material changes or deltas in the company's profile. Consequently, no specific operational, financial, or strategic shifts can be identified from the available data to drive a narrative of change. The company currently has zero officers and zero analysts covering the stock, according to the COMPANY_360 data. It is not a member of any indices, and its ownership structure is concentrated among a top holder count of five. Activity in the news cycle has been minimal. Over the 30-day period ending in July 2026, dispatches were recorded on only two days: one on June 25, 2026, and another on July 13, 2026. All other days in this window showed zero dispatches, with no sentiment data attached to the sparse activity. Given the lack of material changes, watcher signals, or cross-source signals, there is no significant development to report for Flanigan's Enterprises at this time. The available citations, including recent 10-Q and 10-K filings, do not provide additional context for a change-based synthesis.

Operating margin of 5.35% exceeds the 4.41% median for the Retailers cohort, indicating superior cost management.

Net margin of 3.37% outperforms the 2.81% cohort median, demonstrating stronger bottom-line profitability than peers.

Cash conversion ratio of 1.93 significantly exceeds the 1.37 cohort median, highlighting efficient cash generation.

Debt-to-equity ratio of 0.29 is lower than the 0.36 cohort median, suggesting a conservative capital structure.

Current ratio of 1.69 indicates adequate short-term liquidity to cover immediate operational obligations.

Medium dilution risk flags potential erosion of existing shareholder value through equity issuance.

Medium liquidity risk suggests potential challenges in meeting short-term financial obligations under stress.

Medium credit risk indicates potential vulnerability to borrower defaults or broader economic downturns.

Capex to revenue ratio of 1.24% exceeds the 0.85% median, implying higher reinvestment requirements.

Revenue $109.1M; Operating income $5.8M.

• ▍Revenue $109.1M
• ▍Operating income $5.8M
• ▍Net margin 3.4%

Revenue $52.6M; Operating income $1.7M.

• ▍Revenue $52.6M
• ▍Operating income $1.7M
• ▍Net margin 1.5%

Revenue $205.2M; Operating income $8.7M.

• ▍Revenue $205.2M
• ▍Operating income $8.7M
• ▍Net margin 2.5%

Revenue $51.9M; Operating income $2.9M.

• ▍Revenue $51.9M
• ▍Operating income $2.9M
• ▍Net margin 2.7%

Revenue $53.4M; Operating income $3.5M.

• ▍Revenue $53.4M
• ▍Operating income $3.5M
• ▍Net margin 5.0%

Revenue $50.0M; Operating income $753.0k.

• ▍Revenue $50.0M
• ▍Operating income $753.0k
• ▍Net margin 0.1%