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Side-by-side financial comparison of DENNY'S Corp (DENN) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $56.7M, roughly 2.0× GRAHAM CORP). GRAHAM CORP runs the higher net margin — 5.0% vs 0.6%, a 4.5% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 1.3%). DENNY'S Corp produced more free cash flow last quarter ($16.0M vs $2.4M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
DENN vs GHM — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $56.7M |
| Net Profit | $632.0K | $2.8M |
| Gross Margin | — | 23.8% |
| Operating Margin | 9.2% | 5.5% |
| Net Margin | 0.6% | 5.0% |
| Revenue YoY | 1.3% | 20.5% |
| Net Profit YoY | -90.3% | 79.2% |
| EPS (diluted) | $0.01 | $0.25 |
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 | — | $56.7M | ||
| Q3 25 | $113.2M | $66.0M | ||
| Q2 25 | $117.7M | $55.5M | ||
| Q1 25 | $111.6M | $59.3M | ||
| Q4 24 | $114.7M | $47.0M | ||
| Q3 24 | $111.8M | $53.6M | ||
| Q2 24 | $115.9M | $50.0M | ||
| Q1 24 | $110.0M | $49.1M |
| Q4 25 | — | $2.8M | ||
| Q3 25 | $632.0K | $3.1M | ||
| Q2 25 | $2.5M | $4.6M | ||
| Q1 25 | $326.0K | $4.4M | ||
| Q4 24 | $6.8M | $1.6M | ||
| Q3 24 | $6.5M | $3.3M | ||
| Q2 24 | $3.6M | $3.0M | ||
| Q1 24 | $4.7M | $1.3M |
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 24.8% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | 9.2% | 6.5% | ||
| Q2 25 | 7.3% | 8.9% | ||
| Q1 25 | 4.7% | 9.3% | ||
| Q4 24 | 12.6% | 4.7% | ||
| Q3 24 | 10.5% | 7.9% | ||
| Q2 24 | 7.9% | 6.5% | ||
| Q1 24 | 9.1% | 3.1% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | 0.6% | 4.7% | ||
| Q2 25 | 2.1% | 8.3% | ||
| Q1 25 | 0.3% | 7.4% | ||
| Q4 24 | 5.9% | 3.4% | ||
| Q3 24 | 5.8% | 6.1% | ||
| Q2 24 | 3.1% | 5.9% | ||
| Q1 24 | 4.3% | 2.7% |
| Q4 25 | — | $0.25 | ||
| Q3 25 | $0.01 | $0.28 | ||
| Q2 25 | $0.05 | $0.42 | ||
| Q1 25 | $0.01 | $0.40 | ||
| Q4 24 | $0.13 | $0.14 | ||
| Q3 24 | $0.12 | $0.30 | ||
| Q2 24 | $0.07 | $0.27 | ||
| Q1 24 | $0.09 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-32.7M | $131.3M |
| Total Assets | $502.9M | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.3M | ||
| Q3 25 | — | $20.6M | ||
| Q2 25 | — | $10.8M | ||
| Q1 25 | $1.1M | $21.6M | ||
| Q4 24 | $100.0K | $30.0M | ||
| Q3 24 | $2.9M | $32.3M | ||
| Q2 24 | $2.8M | $21.6M | ||
| Q1 24 | $2.8M | $16.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $270.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $131.3M | ||
| Q3 25 | $-32.7M | $127.6M | ||
| Q2 25 | $-34.6M | $123.4M | ||
| Q1 25 | $-36.4M | $119.6M | ||
| Q4 24 | $-34.0M | $114.4M | ||
| Q3 24 | $-54.5M | $112.5M | ||
| Q2 24 | $-53.2M | $108.2M | ||
| Q1 24 | $-55.7M | $105.6M |
| Q4 25 | — | $292.9M | ||
| Q3 25 | $502.9M | $287.0M | ||
| Q2 25 | $491.1M | $252.3M | ||
| Q1 25 | $488.1M | $264.1M | ||
| Q4 24 | $496.3M | $264.3M | ||
| Q3 24 | $461.6M | $249.5M | ||
| Q2 24 | $459.9M | $244.2M | ||
| Q1 24 | $460.4M | $233.9M |
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 | $4.8M |
| Free Cash FlowOCF − Capex | $16.0M | $2.4M |
| FCF MarginFCF / Revenue | 14.1% | 4.3% |
| Capex IntensityCapex / Revenue | 0.0% | 4.1% |
| Cash ConversionOCF / Net Profit | 25.28× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.8M | ||
| Q3 25 | $16.0M | $13.6M | ||
| Q2 25 | $9.4M | $-2.3M | ||
| Q1 25 | $5.0M | $-3.6M | ||
| Q4 24 | $8.5M | $5.2M | ||
| Q3 24 | $6.6M | $13.9M | ||
| Q2 24 | $14.2M | $8.7M | ||
| Q1 24 | $215.0K | $8.6M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | $16.0M | $9.4M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | — | $-8.7M | ||
| Q4 24 | — | $-2.1M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $5.7M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | — | 4.3% | ||
| Q3 25 | 14.1% | 14.3% | ||
| Q2 25 | — | -16.7% | ||
| Q1 25 | — | -14.7% | ||
| Q4 24 | — | -4.5% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | 0.0% | 6.3% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | 0.0% | 6.5% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | 25.28× | 4.40× | ||
| Q2 25 | 3.79× | -0.49× | ||
| Q1 25 | 15.38× | -0.81× | ||
| Q4 24 | 1.26× | 3.29× | ||
| Q3 24 | 1.01× | 4.25× | ||
| Q2 24 | 3.97× | 2.94× | ||
| Q1 24 | 0.05× | 6.45× |
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% |
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
