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Side-by-side financial comparison of Applied Digital Corp. (APLD) and Dine Brands Global, Inc. (DIN). Click either name above to swap in a different company.
Dine Brands Global, Inc. is the larger business by last-quarter revenue ($217.6M vs $126.6M, roughly 1.7× Applied Digital Corp.). Dine Brands Global, Inc. runs the higher net margin — -5.6% vs -11.4%, a 5.8% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 6.3%). Dine Brands Global, Inc. produced more free cash flow last quarter ($-8.6M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 2.7%).
BAE Systems Digital Intelligence is an international defence and security technology firm owned by BAE Systems. They specialize in delivering digital solutions that enable rapid, data-driven decision-making. Their services, solutions and products span customers in Law Enforcement, National Security, Government Departments and Government Enterprises, Critical National Infrastructure, Telecommunications, the Military, and Space.
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.
APLD vs DIN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $217.6M |
| Net Profit | $-14.4M | $-12.2M |
| Gross Margin | 20.6% | 42.4% |
| Operating Margin | -24.5% | -7.6% |
| Net Margin | -11.4% | -5.6% |
| Revenue YoY | 98.2% | 6.3% |
| Net Profit YoY | 89.6% | -336.1% |
| EPS (diluted) | $-0.07 | $-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.
| Q4 25 | $126.6M | $217.6M | ||
| Q3 25 | $64.2M | $216.2M | ||
| Q2 25 | $-33.3M | $230.8M | ||
| Q1 25 | $52.9M | $214.8M | ||
| Q4 24 | $63.9M | $204.8M | ||
| Q3 24 | $60.7M | $195.0M | ||
| Q2 24 | $43.7M | $206.3M | ||
| Q1 24 | $43.3M | $206.2M |
| Q4 25 | $-14.4M | $-12.2M | ||
| Q3 25 | $-16.9M | $7.3M | ||
| Q2 25 | $-52.5M | $13.8M | ||
| Q1 25 | $-35.6M | $8.2M | ||
| Q4 24 | $-138.7M | $5.2M | ||
| Q3 24 | $-4.2M | $19.1M | ||
| Q2 24 | $-64.5M | $23.2M | ||
| Q1 24 | $-62.8M | $17.5M |
| Q4 25 | 20.6% | 42.4% | ||
| Q3 25 | 13.4% | 39.1% | ||
| Q2 25 | — | 40.0% | ||
| Q1 25 | 7.1% | 42.0% | ||
| Q4 24 | 18.0% | 41.7% | ||
| Q3 24 | -0.6% | 47.8% | ||
| Q2 24 | -9.1% | 48.1% | ||
| Q1 24 | -8.6% | 47.2% |
| Q4 25 | -24.5% | -7.6% | ||
| Q3 25 | -34.7% | 4.7% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | -35.8% | 6.0% | ||
| Q4 24 | -29.1% | 3.8% | ||
| Q3 24 | 15.6% | 13.6% | ||
| Q2 24 | -68.4% | 15.1% | ||
| Q1 24 | -128.8% | 11.7% |
| Q4 25 | -11.4% | -5.6% | ||
| Q3 25 | -26.4% | 3.4% | ||
| Q2 25 | 157.8% | 6.0% | ||
| Q1 25 | -67.2% | 3.8% | ||
| Q4 24 | -217.2% | 2.5% | ||
| Q3 24 | -7.0% | 9.8% | ||
| Q2 24 | -147.5% | 11.2% | ||
| Q1 24 | -145.0% | 8.5% |
| Q4 25 | $-0.07 | $-0.79 | ||
| Q3 25 | $-0.07 | $0.48 | ||
| Q2 25 | $-0.31 | $0.89 | ||
| Q1 25 | $-0.16 | $0.53 | ||
| Q4 24 | $-0.66 | $0.35 | ||
| Q3 24 | $-0.03 | $1.24 | ||
| Q2 24 | $-0.57 | $1.50 | ||
| Q1 24 | $-0.52 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $128.2M |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $1.4B | $-273.9M |
| Total Assets | $5.2B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $128.2M | ||
| Q3 25 | $73.9M | $167.9M | ||
| Q2 25 | $41.6M | $194.2M | ||
| Q1 25 | $68.7M | $186.5M | ||
| Q4 24 | $286.2M | $186.7M | ||
| Q3 24 | $58.2M | $169.6M | ||
| Q2 24 | $3.3M | $153.5M | ||
| Q1 24 | $4.4M | $145.0M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $1.4B | $-273.9M | ||
| Q3 25 | $1.0B | $-231.9M | ||
| Q2 25 | $497.7M | $-212.5M | ||
| Q1 25 | $454.6M | $-215.7M | ||
| Q4 24 | $434.6M | $-216.0M | ||
| Q3 24 | $241.8M | $-216.7M | ||
| Q2 24 | $124.8M | $-231.7M | ||
| Q1 24 | $118.5M | $-244.8M |
| Q4 25 | $5.2B | $1.7B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $937.7M | $1.7B | ||
| Q2 24 | $762.9M | $1.7B | ||
| Q1 24 | $643.2M | $1.7B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.8M | $5.7M |
| Free Cash FlowOCF − Capex | $-567.9M | $-8.6M |
| FCF MarginFCF / Revenue | -448.6% | -3.9% |
| Capex IntensityCapex / Revenue | 436.1% | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $53.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $5.7M | ||
| Q3 25 | $-82.0M | $30.2M | ||
| Q2 25 | $6.9M | $37.0M | ||
| Q1 25 | $5.9M | $16.1M | ||
| Q4 24 | $-52.3M | $30.5M | ||
| Q3 24 | $-75.9M | $25.5M | ||
| Q2 24 | $-34.1M | $21.6M | ||
| Q1 24 | $38.8M | $30.6M |
| Q4 25 | $-567.9M | $-8.6M | ||
| Q3 25 | $-331.4M | $18.1M | ||
| Q2 25 | $-191.4M | $31.0M | ||
| Q1 25 | $-251.6M | $12.8M | ||
| Q4 24 | $-223.3M | $26.7M | ||
| Q3 24 | $-130.7M | $22.0M | ||
| Q2 24 | $-88.9M | $18.2M | ||
| Q1 24 | $-2.3M | $27.2M |
| Q4 25 | -448.6% | -3.9% | ||
| Q3 25 | -516.1% | 8.4% | ||
| Q2 25 | 574.8% | 13.4% | ||
| Q1 25 | -475.4% | 6.0% | ||
| Q4 24 | -349.6% | 13.0% | ||
| Q3 24 | -215.3% | 11.3% | ||
| Q2 24 | -203.5% | 8.8% | ||
| Q1 24 | -5.4% | 13.2% |
| Q4 25 | 436.1% | 6.6% | ||
| Q3 25 | 388.4% | 5.6% | ||
| Q2 25 | -595.4% | 2.6% | ||
| Q1 25 | 486.6% | 1.5% | ||
| Q4 24 | 267.8% | 1.9% | ||
| Q3 24 | 90.3% | 1.8% | ||
| Q2 24 | 125.4% | 1.7% | ||
| Q1 24 | 95.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.12× | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 5.88× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 1.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
DIN
| Franchisor | $163.2M | 75% |
| Food And Beverage | $27.3M | 13% |
| Proprietary Product Sales And Other | $17.0M | 8% |
| Other | $8.1M | 4% |
| Franchise And Development Fees | $2.0M | 1% |
