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Side-by-side financial comparison of DENNY'S Corp (DENN) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $113.2M, roughly 1.3× DENNY'S Corp). DENNY'S Corp runs the higher net margin — 0.6% vs -68.1%, a 68.6% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 1.3%). DENNY'S Corp produced more free cash flow last quarter ($16.0M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs -0.9%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
DENN vs FIP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $143.5M |
| Net Profit | $632.0K | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | -45.7% |
| Net Margin | 0.6% | -68.1% |
| Revenue YoY | 1.3% | 77.7% |
| Net Profit YoY | -90.3% | 21.6% |
| EPS (diluted) | $0.01 | $-1.04 |
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 | — | $143.5M | ||
| Q3 25 | $113.2M | $140.6M | ||
| Q2 25 | $117.7M | $122.3M | ||
| Q1 25 | $111.6M | $96.2M | ||
| Q4 24 | $114.7M | $80.8M | ||
| Q3 24 | $111.8M | $83.3M | ||
| Q2 24 | $115.9M | $84.9M | ||
| Q1 24 | $110.0M | $82.5M |
| Q4 25 | — | $-97.7M | ||
| Q3 25 | $632.0K | $-104.5M | ||
| Q2 25 | $2.5M | $-70.0M | ||
| Q1 25 | $326.0K | $120.2M | ||
| Q4 24 | $6.8M | $-124.7M | ||
| Q3 24 | $6.5M | $-43.0M | ||
| Q2 24 | $3.6M | $-48.1M | ||
| Q1 24 | $4.7M | $-50.3M |
| Q4 25 | — | -45.7% | ||
| Q3 25 | 9.2% | -70.8% | ||
| Q2 25 | 7.3% | -56.4% | ||
| Q1 25 | 4.7% | 81.8% | ||
| Q4 24 | 12.6% | -152.7% | ||
| Q3 24 | 10.5% | -51.7% | ||
| Q2 24 | 7.9% | -56.4% | ||
| Q1 24 | 9.1% | -58.8% |
| Q4 25 | — | -68.1% | ||
| Q3 25 | 0.6% | -74.4% | ||
| Q2 25 | 2.1% | -57.2% | ||
| Q1 25 | 0.3% | 125.0% | ||
| Q4 24 | 5.9% | -154.4% | ||
| Q3 24 | 5.8% | -51.6% | ||
| Q2 24 | 3.1% | -56.7% | ||
| Q1 24 | 4.3% | -60.9% |
| Q4 25 | — | $-1.04 | ||
| Q3 25 | $0.01 | $-1.38 | ||
| Q2 25 | $0.05 | $-0.73 | ||
| Q1 25 | $0.01 | $0.89 | ||
| Q4 24 | $0.13 | $-1.21 | ||
| Q3 24 | $0.12 | $-0.45 | ||
| Q2 24 | $0.07 | $-0.52 | ||
| Q1 24 | $0.09 | $-0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $-32.7M | $21.3M |
| Total Assets | $502.9M | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $57.4M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | — | $33.6M | ||
| Q1 25 | $1.1M | $26.3M | ||
| Q4 24 | $100.0K | $27.8M | ||
| Q3 24 | $2.9M | $20.3M | ||
| Q2 24 | $2.8M | $33.1M | ||
| Q1 24 | $2.8M | $23.0M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $270.6M | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | $21.3M | ||
| Q3 25 | $-32.7M | $181.1M | ||
| Q2 25 | $-34.6M | $375.5M | ||
| Q1 25 | $-36.4M | $476.2M | ||
| Q4 24 | $-34.0M | $202.7M | ||
| Q3 24 | $-54.5M | $370.8M | ||
| Q2 24 | $-53.2M | $394.8M | ||
| Q1 24 | $-55.7M | $402.5M |
| Q4 25 | — | $5.7B | ||
| Q3 25 | $502.9M | $5.5B | ||
| Q2 25 | $491.1M | $4.4B | ||
| Q1 25 | $488.1M | $4.1B | ||
| Q4 24 | $496.3M | $2.4B | ||
| Q3 24 | $461.6M | $2.4B | ||
| Q2 24 | $459.9M | $2.5B | ||
| Q1 24 | $460.4M | $2.3B |
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
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 | $16.0M | $-2.8M |
| Free Cash FlowOCF − Capex | $16.0M | $-68.6M |
| FCF MarginFCF / Revenue | 14.1% | -47.8% |
| Capex IntensityCapex / Revenue | 0.0% | 45.9% |
| Cash ConversionOCF / Net Profit | 25.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.8M | ||
| Q3 25 | $16.0M | $-24.4M | ||
| Q2 25 | $9.4M | $-5.2M | ||
| Q1 25 | $5.0M | $-85.7M | ||
| Q4 24 | $8.5M | $-8.1M | ||
| Q3 24 | $6.6M | $14.2M | ||
| Q2 24 | $14.2M | $-17.6M | ||
| Q1 24 | $215.0K | $-3.9M |
| Q4 25 | — | $-68.6M | ||
| Q3 25 | $16.0M | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | — | $-34.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-32.1M | ||
| Q1 24 | — | $-16.7M |
| Q4 25 | — | -47.8% | ||
| Q3 25 | 14.1% | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -37.9% | ||
| Q1 24 | — | -20.3% |
| Q4 25 | — | 45.9% | ||
| Q3 25 | 0.0% | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | 0.0% | 31.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.6% |
| Q4 25 | — | — | ||
| Q3 25 | 25.28× | — | ||
| Q2 25 | 3.79× | — | ||
| Q1 25 | 15.38× | -0.71× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 3.97× | — | ||
| Q1 24 | 0.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
