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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Dine Brands Global, Inc. (DIN). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $217.6M, roughly 1.9× Dine Brands Global, Inc.). BILL Holdings, Inc. runs the higher net margin — -0.6% vs -5.6%, a 5.0% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 6.3%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-8.6M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 2.7%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
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.
BILL vs DIN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $217.6M |
| Net Profit | $-2.6M | $-12.2M |
| Gross Margin | 79.8% | 42.4% |
| Operating Margin | -4.4% | -7.6% |
| Net Margin | -0.6% | -5.6% |
| Revenue YoY | 14.4% | 6.3% |
| Net Profit YoY | -107.7% | -336.1% |
| EPS (diluted) | $-0.03 | $-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 | $414.7M | $217.6M | ||
| Q3 25 | $395.7M | $216.2M | ||
| Q2 25 | $383.3M | $230.8M | ||
| Q1 25 | $358.2M | $214.8M | ||
| Q4 24 | $362.6M | $204.8M | ||
| Q3 24 | $358.4M | $195.0M | ||
| Q2 24 | $343.7M | $206.3M | ||
| Q1 24 | $323.0M | $206.2M |
| Q4 25 | $-2.6M | $-12.2M | ||
| Q3 25 | $-3.0M | $7.3M | ||
| Q2 25 | $-7.1M | $13.8M | ||
| Q1 25 | $-11.6M | $8.2M | ||
| Q4 24 | $33.5M | $5.2M | ||
| Q3 24 | $8.9M | $19.1M | ||
| Q2 24 | $7.6M | $23.2M | ||
| Q1 24 | $31.8M | $17.5M |
| Q4 25 | 79.8% | 42.4% | ||
| Q3 25 | 80.5% | 39.1% | ||
| Q2 25 | 80.8% | 40.0% | ||
| Q1 25 | 81.2% | 42.0% | ||
| Q4 24 | 81.6% | 41.7% | ||
| Q3 24 | 82.0% | 47.8% | ||
| Q2 24 | 81.0% | 48.1% | ||
| Q1 24 | 83.0% | 47.2% |
| Q4 25 | -4.4% | -7.6% | ||
| Q3 25 | -5.2% | 4.7% | ||
| Q2 25 | -5.8% | 8.2% | ||
| Q1 25 | -8.1% | 6.0% | ||
| Q4 24 | -6.0% | 3.8% | ||
| Q3 24 | -2.1% | 13.6% | ||
| Q2 24 | -6.5% | 15.1% | ||
| Q1 24 | -8.6% | 11.7% |
| Q4 25 | -0.6% | -5.6% | ||
| Q3 25 | -0.7% | 3.4% | ||
| Q2 25 | -1.8% | 6.0% | ||
| Q1 25 | -3.2% | 3.8% | ||
| Q4 24 | 9.3% | 2.5% | ||
| Q3 24 | 2.5% | 9.8% | ||
| Q2 24 | 2.2% | 11.2% | ||
| Q1 24 | 9.8% | 8.5% |
| Q4 25 | $-0.03 | $-0.79 | ||
| Q3 25 | $-0.03 | $0.48 | ||
| Q2 25 | $0.02 | $0.89 | ||
| Q1 25 | $-0.11 | $0.53 | ||
| Q4 24 | $-0.06 | $0.35 | ||
| Q3 24 | $0.08 | $1.24 | ||
| Q2 24 | $0.37 | $1.50 | ||
| Q1 24 | $0.00 | $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 | $1.1B | $128.2M |
| Total DebtLower is stronger | $1.8B | $1.2B |
| Stockholders' EquityBook value | $3.8B | $-273.9M |
| Total Assets | $10.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $128.2M | ||
| Q3 25 | $1.1B | $167.9M | ||
| Q2 25 | $1.0B | $194.2M | ||
| Q1 25 | $1.0B | $186.5M | ||
| Q4 24 | $1.6B | $186.7M | ||
| Q3 24 | $853.5M | $169.6M | ||
| Q2 24 | $985.9M | $153.5M | ||
| Q1 24 | $952.5M | $145.0M |
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $914.8M | $1.2B | ||
| Q2 24 | $914.0M | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $3.8B | $-273.9M | ||
| Q3 25 | $3.9B | $-231.9M | ||
| Q2 25 | $3.9B | $-212.5M | ||
| Q1 25 | $3.9B | $-215.7M | ||
| Q4 24 | $3.8B | $-216.0M | ||
| Q3 24 | $4.0B | $-216.7M | ||
| Q2 24 | $4.1B | $-231.7M | ||
| Q1 24 | $4.1B | $-244.8M |
| Q4 25 | $10.1B | $1.7B | ||
| Q3 25 | $10.2B | $1.8B | ||
| Q2 25 | $10.1B | $1.8B | ||
| Q1 25 | $9.6B | $1.8B | ||
| Q4 24 | $9.7B | $1.8B | ||
| Q3 24 | $9.0B | $1.7B | ||
| Q2 24 | $9.2B | $1.7B | ||
| Q1 24 | $9.1B | $1.7B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | — |
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 | $105.3M | $5.7M |
| Free Cash FlowOCF − Capex | $103.8M | $-8.6M |
| FCF MarginFCF / Revenue | 25.0% | -3.9% |
| Capex IntensityCapex / Revenue | 0.4% | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $53.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $5.7M | ||
| Q3 25 | $96.9M | $30.2M | ||
| Q2 25 | $83.8M | $37.0M | ||
| Q1 25 | $99.5M | $16.1M | ||
| Q4 24 | $78.7M | $30.5M | ||
| Q3 24 | $88.6M | $25.5M | ||
| Q2 24 | $78.6M | $21.6M | ||
| Q1 24 | $66.8M | $30.6M |
| Q4 25 | $103.8M | $-8.6M | ||
| Q3 25 | $95.6M | $18.1M | ||
| Q2 25 | $81.0M | $31.0M | ||
| Q1 25 | $98.4M | $12.8M | ||
| Q4 24 | $78.3M | $26.7M | ||
| Q3 24 | $88.6M | $22.0M | ||
| Q2 24 | $78.4M | $18.2M | ||
| Q1 24 | $66.8M | $27.2M |
| Q4 25 | 25.0% | -3.9% | ||
| Q3 25 | 24.1% | 8.4% | ||
| Q2 25 | 21.1% | 13.4% | ||
| Q1 25 | 27.5% | 6.0% | ||
| Q4 24 | 21.6% | 13.0% | ||
| Q3 24 | 24.7% | 11.3% | ||
| Q2 24 | 22.8% | 8.8% | ||
| Q1 24 | 20.7% | 13.2% |
| Q4 25 | 0.4% | 6.6% | ||
| Q3 25 | 0.3% | 5.6% | ||
| Q2 25 | 0.7% | 2.6% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 0.0% | 1.8% | ||
| Q2 24 | 0.1% | 1.7% | ||
| Q1 24 | 0.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.12× | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | 2.35× | 5.88× | ||
| Q3 24 | 9.94× | 1.34× | ||
| Q2 24 | 10.35× | 0.93× | ||
| Q1 24 | 2.10× | 1.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
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% |
