Bt Brands, Inc. (BTBD) intrinsic value & 10-year financials

Bt Brands, Inc. (BTBD) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 16.0% a year to $14.8M, with an average return on invested capital of 11.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.63
Revenue (FY2024)
$14.8M
Revenue growth (7-yr CAGR)
16.0%
ROIC (10-yr avg)
11.5%
Free cash flow (FY2024)
-$1.2M

BTBD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $14.8M -$2.3M — -$1.2M -12.4% -18.5%
FY2023 $12.6M -$562.3K — -$266.6K -3.1% -4.3%
FY2022 $8.5M $607.9K — $606.0K 11.6% 61.3%
FY2021 $8.2M $792.0K — $1.2M 6.5% 30.3%
FY2019 $6.5M -$368.6K — $50.5K -3.4% -11.4%
FY2018 $7.1M $20.8K — -$17.5K 3.4% 11.7%
FY2017 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

BT Brands, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

BT Brands, Inc. returns on capital have been average, hovering around 11.5% ROIC over the decade.

BT Brands, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, BT Brands, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.

BTBD stock: frequently asked questions

Does Bt Brands, Inc. generate free cash flow?

Bt Brands, Inc. generated -$1.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 3 of the last 6 reported years.

What is BTBD's return on invested capital?

Average ROIC over the last 7 fiscal years was 11.5%, and average return on equity was -11.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BTBD data come from?

From Bt Brands, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 18, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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