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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Dine Brands Global, Inc. (DIN). Click either name above to swap in a different company.

Artisan Partners Asset Management Inc. is the larger business by last-quarter revenue ($335.5M vs $217.6M, roughly 1.5× Dine Brands Global, Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs -5.6%, a 40.8% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 6.3%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $-8.6M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 2.7%).

Artisan Partners is an American asset management company headquartered in Milwaukee, Wisconsin. Outside the United States, the company has offices in Dublin, Hong Kong, London, Singapore and Sydney.

Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.

APAM vs DIN — Head-to-Head

Bigger by revenue
APAM
APAM
1.5× larger
APAM
$335.5M
$217.6M
DIN
Growing faster (revenue YoY)
APAM
APAM
+6.7% gap
APAM
12.9%
6.3%
DIN
Higher net margin
APAM
APAM
40.8% more per $
APAM
35.2%
-5.6%
DIN
More free cash flow
APAM
APAM
$180.2M more FCF
APAM
$171.6M
$-8.6M
DIN
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
DIN
DIN
Revenue
$335.5M
$217.6M
Net Profit
$118.1M
$-12.2M
Gross Margin
42.4%
Operating Margin
39.2%
-7.6%
Net Margin
35.2%
-5.6%
Revenue YoY
12.9%
6.3%
Net Profit YoY
34.9%
-336.1%
EPS (diluted)
$1.36
$-0.79

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APAM
APAM
DIN
DIN
Q4 25
$335.5M
$217.6M
Q3 25
$301.3M
$216.2M
Q2 25
$282.7M
$230.8M
Q1 25
$277.1M
$214.8M
Q4 24
$297.1M
$204.8M
Q3 24
$279.6M
$195.0M
Q2 24
$270.8M
$206.3M
Q1 24
$264.4M
$206.2M
Net Profit
APAM
APAM
DIN
DIN
Q4 25
$118.1M
$-12.2M
Q3 25
$66.8M
$7.3M
Q2 25
$67.6M
$13.8M
Q1 25
$61.1M
$8.2M
Q4 24
$87.5M
$5.2M
Q3 24
$73.0M
$19.1M
Q2 24
$57.6M
$23.2M
Q1 24
$59.5M
$17.5M
Gross Margin
APAM
APAM
DIN
DIN
Q4 25
42.4%
Q3 25
39.1%
Q2 25
40.0%
Q1 25
42.0%
Q4 24
41.7%
Q3 24
47.8%
Q2 24
48.1%
Q1 24
47.2%
Operating Margin
APAM
APAM
DIN
DIN
Q4 25
39.2%
-7.6%
Q3 25
33.8%
4.7%
Q2 25
28.2%
8.2%
Q1 25
31.2%
6.0%
Q4 24
36.7%
3.8%
Q3 24
33.3%
13.6%
Q2 24
32.0%
15.1%
Q1 24
29.4%
11.7%
Net Margin
APAM
APAM
DIN
DIN
Q4 25
35.2%
-5.6%
Q3 25
22.2%
3.4%
Q2 25
23.9%
6.0%
Q1 25
22.1%
3.8%
Q4 24
29.5%
2.5%
Q3 24
26.1%
9.8%
Q2 24
21.3%
11.2%
Q1 24
22.5%
8.5%
EPS (diluted)
APAM
APAM
DIN
DIN
Q4 25
$1.36
$-0.79
Q3 25
$0.93
$0.48
Q2 25
$0.94
$0.89
Q1 25
$0.82
$0.53
Q4 24
$0.99
$0.35
Q3 24
$1.03
$1.24
Q2 24
$0.80
$1.50
Q1 24
$0.84
$1.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APAM
APAM
DIN
DIN
Cash + ST InvestmentsLiquidity on hand
$128.2M
Total DebtLower is stronger
$190.0M
$1.2B
Stockholders' EquityBook value
$438.8M
$-273.9M
Total Assets
$1.6B
$1.7B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
DIN
DIN
Q4 25
$128.2M
Q3 25
$167.9M
Q2 25
$194.2M
Q1 25
$186.5M
Q4 24
$186.7M
Q3 24
$169.6M
Q2 24
$153.5M
Q1 24
$145.0M
Total Debt
APAM
APAM
DIN
DIN
Q4 25
$190.0M
$1.2B
Q3 25
$190.0M
$1.2B
Q2 25
$200.0M
$1.2B
Q1 25
$200.0M
$1.2B
Q4 24
$200.0M
$1.2B
Q3 24
$200.0M
$1.2B
Q2 24
$200.0M
$1.2B
Q1 24
$200.0M
$1.2B
Stockholders' Equity
APAM
APAM
DIN
DIN
Q4 25
$438.8M
$-273.9M
Q3 25
$402.1M
$-231.9M
Q2 25
$381.8M
$-212.5M
Q1 25
$356.5M
$-215.7M
Q4 24
$388.9M
$-216.0M
Q3 24
$372.1M
$-216.7M
Q2 24
$341.2M
$-231.7M
Q1 24
$320.3M
$-244.8M
Total Assets
APAM
APAM
DIN
DIN
Q4 25
$1.6B
$1.7B
Q3 25
$1.6B
$1.8B
Q2 25
$1.4B
$1.8B
Q1 25
$1.4B
$1.8B
Q4 24
$1.6B
$1.8B
Q3 24
$1.6B
$1.7B
Q2 24
$1.5B
$1.7B
Q1 24
$1.5B
$1.7B
Debt / Equity
APAM
APAM
DIN
DIN
Q4 25
0.43×
Q3 25
0.47×
Q2 25
0.52×
Q1 25
0.56×
Q4 24
0.51×
Q3 24
0.54×
Q2 24
0.59×
Q1 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APAM
APAM
DIN
DIN
Operating Cash FlowLast quarter
$172.0M
$5.7M
Free Cash FlowOCF − Capex
$171.6M
$-8.6M
FCF MarginFCF / Revenue
51.2%
-3.9%
Capex IntensityCapex / Revenue
0.1%
6.6%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$53.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
DIN
DIN
Q4 25
$172.0M
$5.7M
Q3 25
$40.4M
$30.2M
Q2 25
$50.9M
$37.0M
Q1 25
$157.9M
$16.1M
Q4 24
$372.8M
$30.5M
Q3 24
$112.8M
$25.5M
Q2 24
$75.9M
$21.6M
Q1 24
$147.0M
$30.6M
Free Cash Flow
APAM
APAM
DIN
DIN
Q4 25
$171.6M
$-8.6M
Q3 25
$40.4M
$18.1M
Q2 25
$50.9M
$31.0M
Q1 25
$157.7M
$12.8M
Q4 24
$371.3M
$26.7M
Q3 24
$112.4M
$22.0M
Q2 24
$75.2M
$18.2M
Q1 24
$146.9M
$27.2M
FCF Margin
APAM
APAM
DIN
DIN
Q4 25
51.2%
-3.9%
Q3 25
13.4%
8.4%
Q2 25
18.0%
13.4%
Q1 25
56.9%
6.0%
Q4 24
125.0%
13.0%
Q3 24
40.2%
11.3%
Q2 24
27.8%
8.8%
Q1 24
55.6%
13.2%
Capex Intensity
APAM
APAM
DIN
DIN
Q4 25
0.1%
6.6%
Q3 25
0.0%
5.6%
Q2 25
0.0%
2.6%
Q1 25
0.1%
1.5%
Q4 24
0.5%
1.9%
Q3 24
0.1%
1.8%
Q2 24
0.2%
1.7%
Q1 24
0.0%
1.6%
Cash Conversion
APAM
APAM
DIN
DIN
Q4 25
1.46×
Q3 25
0.60×
4.12×
Q2 25
0.75×
2.68×
Q1 25
2.58×
1.97×
Q4 24
4.26×
5.88×
Q3 24
1.54×
1.34×
Q2 24
1.32×
0.93×
Q1 24
2.47×
1.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

DIN
DIN

Franchisor$163.2M75%
Food And Beverage$27.3M13%
Proprietary Product Sales And Other$17.0M8%
Other$8.1M4%
Franchise And Development Fees$2.0M1%

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