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Side-by-side financial comparison of DENNY'S Corp (DENN) and Hamilton Lane INC (HLNE). Click either name above to swap in a different company.

Hamilton Lane INC is the larger business by last-quarter revenue ($198.6M vs $113.2M, roughly 1.8× DENNY'S Corp). Hamilton Lane INC runs the higher net margin — 29.4% vs 0.6%, a 28.8% gap on every dollar of revenue. On growth, Hamilton Lane INC posted the faster year-over-year revenue change (18.0% vs 1.3%). Hamilton Lane INC produced more free cash flow last quarter ($72.4M vs $16.0M). Over the past eight quarters, Hamilton Lane INC's revenue compounded faster (6.0% 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.

Hamilton Lane Incorporated is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investments to its clients.

DENN vs HLNE — Head-to-Head

Bigger by revenue
HLNE
HLNE
1.8× larger
HLNE
$198.6M
$113.2M
DENN
Growing faster (revenue YoY)
HLNE
HLNE
+16.7% gap
HLNE
18.0%
1.3%
DENN
Higher net margin
HLNE
HLNE
28.8% more per $
HLNE
29.4%
0.6%
DENN
More free cash flow
HLNE
HLNE
$56.5M more FCF
HLNE
$72.4M
$16.0M
DENN
Faster 2-yr revenue CAGR
HLNE
HLNE
Annualised
HLNE
6.0%
-0.9%
DENN

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
DENN
DENN
HLNE
HLNE
Revenue
$113.2M
$198.6M
Net Profit
$632.0K
$58.4M
Gross Margin
Operating Margin
9.2%
60.5%
Net Margin
0.6%
29.4%
Revenue YoY
1.3%
18.0%
Net Profit YoY
-90.3%
10.2%
EPS (diluted)
$0.01

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
DENN
DENN
HLNE
HLNE
Q4 25
$198.6M
Q3 25
$113.2M
$190.9M
Q2 25
$117.7M
$176.0M
Q1 25
$111.6M
$198.0M
Q4 24
$114.7M
$168.3M
Q3 24
$111.8M
$150.0M
Q2 24
$115.9M
$196.7M
Q1 24
$110.0M
$176.7M
Net Profit
DENN
DENN
HLNE
HLNE
Q4 25
$58.4M
Q3 25
$632.0K
$70.9M
Q2 25
$2.5M
$53.7M
Q1 25
$326.0K
$50.5M
Q4 24
$6.8M
$53.0M
Q3 24
$6.5M
$55.0M
Q2 24
$3.6M
$59.0M
Q1 24
$4.7M
$48.4M
Operating Margin
DENN
DENN
HLNE
HLNE
Q4 25
60.5%
Q3 25
9.2%
61.6%
Q2 25
7.3%
54.2%
Q1 25
4.7%
44.6%
Q4 24
12.6%
53.6%
Q3 24
10.5%
51.4%
Q2 24
7.9%
54.3%
Q1 24
9.1%
55.0%
Net Margin
DENN
DENN
HLNE
HLNE
Q4 25
29.4%
Q3 25
0.6%
37.1%
Q2 25
2.1%
30.5%
Q1 25
0.3%
25.5%
Q4 24
5.9%
31.5%
Q3 24
5.8%
36.7%
Q2 24
3.1%
30.0%
Q1 24
4.3%
27.4%
EPS (diluted)
DENN
DENN
HLNE
HLNE
Q4 25
Q3 25
$0.01
Q2 25
$0.05
Q1 25
$0.01
Q4 24
$0.13
Q3 24
$0.12
Q2 24
$0.07
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
DENN
DENN
HLNE
HLNE
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$279.5M
Stockholders' EquityBook value
$-32.7M
$877.4M
Total Assets
$502.9M
$2.2B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DENN
DENN
HLNE
HLNE
Q4 25
Q3 25
Q2 25
Q1 25
$1.1M
Q4 24
$100.0K
Q3 24
$2.9M
Q2 24
$2.8M
Q1 24
$2.8M
Total Debt
DENN
DENN
HLNE
HLNE
Q4 25
$279.5M
Q3 25
$285.6M
Q2 25
$288.6M
Q1 25
$290.3M
Q4 24
$270.6M
$292.0M
Q3 24
$195.0M
Q2 24
$195.6M
Q1 24
$196.2M
Stockholders' Equity
DENN
DENN
HLNE
HLNE
Q4 25
$877.4M
Q3 25
$-32.7M
$825.8M
Q2 25
$-34.6M
$758.8M
Q1 25
$-36.4M
$717.3M
Q4 24
$-34.0M
$649.3M
Q3 24
$-54.5M
$606.6M
Q2 24
$-53.2M
$566.4M
Q1 24
$-55.7M
$525.2M
Total Assets
DENN
DENN
HLNE
HLNE
Q4 25
$2.2B
Q3 25
$502.9M
$2.0B
Q2 25
$491.1M
$1.8B
Q1 25
$488.1M
$1.7B
Q4 24
$496.3M
$1.6B
Q3 24
$461.6M
$1.4B
Q2 24
$459.9M
$1.4B
Q1 24
$460.4M
$1.3B
Debt / Equity
DENN
DENN
HLNE
HLNE
Q4 25
0.32×
Q3 25
0.35×
Q2 25
0.38×
Q1 25
0.40×
Q4 24
0.45×
Q3 24
0.32×
Q2 24
0.35×
Q1 24
0.37×

Cash Flow & Capital Efficiency

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

Metric
DENN
DENN
HLNE
HLNE
Operating Cash FlowLast quarter
$16.0M
$74.1M
Free Cash FlowOCF − Capex
$16.0M
$72.4M
FCF MarginFCF / Revenue
14.1%
36.5%
Capex IntensityCapex / Revenue
0.0%
0.8%
Cash ConversionOCF / Net Profit
25.28×
1.27×
TTM Free Cash FlowTrailing 4 quarters
$606.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DENN
DENN
HLNE
HLNE
Q4 25
$74.1M
Q3 25
$16.0M
$118.9M
Q2 25
$9.4M
$128.9M
Q1 25
$5.0M
$300.8M
Q4 24
$8.5M
$64.4M
Q3 24
$6.6M
$117.4M
Q2 24
$14.2M
$79.7M
Q1 24
$215.0K
$120.9M
Free Cash Flow
DENN
DENN
HLNE
HLNE
Q4 25
$72.4M
Q3 25
$16.0M
$117.8M
Q2 25
$127.6M
Q1 25
$288.7M
Q4 24
$58.8M
Q3 24
$115.8M
Q2 24
$78.2M
Q1 24
$109.8M
FCF Margin
DENN
DENN
HLNE
HLNE
Q4 25
36.5%
Q3 25
14.1%
61.7%
Q2 25
72.5%
Q1 25
145.8%
Q4 24
34.9%
Q3 24
77.2%
Q2 24
39.8%
Q1 24
62.1%
Capex Intensity
DENN
DENN
HLNE
HLNE
Q4 25
0.8%
Q3 25
0.0%
0.6%
Q2 25
0.8%
Q1 25
6.1%
Q4 24
3.3%
Q3 24
0.0%
1.0%
Q2 24
0.8%
Q1 24
6.3%
Cash Conversion
DENN
DENN
HLNE
HLNE
Q4 25
1.27×
Q3 25
25.28×
1.68×
Q2 25
3.79×
2.40×
Q1 25
15.38×
5.96×
Q4 24
1.26×
1.22×
Q3 24
1.01×
2.14×
Q2 24
3.97×
1.35×
Q1 24
0.05×
2.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DENN
DENN

Franchisor Owned Outlet$57.4M51%
Royalty$27.7M25%
Advertising$18.6M16%
Occupancy$7.7M7%
Initial And Other Fees$1.7M1%

HLNE
HLNE

Management And Advisory Fee Revenue Specialized Funds$98.5M50%
Incentive Fee Revenue Specialized Funds$39.4M20%
Management And Advisory Fee Revenue Customized Separate Accounts$36.1M18%
Management And Advisory Fee Revenue Reporting And Other$9.3M5%
Incentive Fee Revenue Customized Separate Accounts$5.9M3%
Management And Advisory Fee Revenue Advisory$4.8M2%
Management And Advisory Fee Revenue Fund Reimbursement Revenue$3.9M2%

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