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Side-by-side financial comparison of DENNY'S Corp (DENN) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $77.4M, roughly 1.5× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs 0.6%, a 2.9% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs 1.3%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $16.0M). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% 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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

DENN vs IVT — Head-to-Head

Bigger by revenue
DENN
DENN
1.5× larger
DENN
$113.2M
$77.4M
IVT
Growing faster (revenue YoY)
IVT
IVT
+7.3% gap
IVT
8.6%
1.3%
DENN
Higher net margin
IVT
IVT
2.9% more per $
IVT
3.4%
0.6%
DENN
More free cash flow
IVT
IVT
$94.9M more FCF
IVT
$110.9M
$16.0M
DENN
Faster 2-yr revenue CAGR
IVT
IVT
Annualised
IVT
7.6%
-0.9%
DENN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DENN
DENN
IVT
IVT
Revenue
$113.2M
$77.4M
Net Profit
$632.0K
$2.7M
Gross Margin
Operating Margin
9.2%
-11.0%
Net Margin
0.6%
3.4%
Revenue YoY
1.3%
8.6%
Net Profit YoY
-90.3%
-72.8%
EPS (diluted)
$0.01
$0.02

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
IVT
IVT
Q4 25
$77.4M
Q3 25
$113.2M
$74.5M
Q2 25
$117.7M
$73.6M
Q1 25
$111.6M
$73.8M
Q4 24
$114.7M
$71.2M
Q3 24
$111.8M
$68.5M
Q2 24
$115.9M
$67.4M
Q1 24
$110.0M
$66.8M
Net Profit
DENN
DENN
IVT
IVT
Q4 25
$2.7M
Q3 25
$632.0K
$6.0M
Q2 25
$2.5M
$95.9M
Q1 25
$326.0K
$6.8M
Q4 24
$6.8M
$9.8M
Q3 24
$6.5M
$-539.0K
Q2 24
$3.6M
$1.5M
Q1 24
$4.7M
$2.9M
Operating Margin
DENN
DENN
IVT
IVT
Q4 25
-11.0%
Q3 25
9.2%
-9.8%
Q2 25
7.3%
Q1 25
4.7%
-10.5%
Q4 24
12.6%
-3.6%
Q3 24
10.5%
-18.7%
Q2 24
7.9%
-13.6%
Q1 24
9.1%
-13.1%
Net Margin
DENN
DENN
IVT
IVT
Q4 25
3.4%
Q3 25
0.6%
8.1%
Q2 25
2.1%
130.4%
Q1 25
0.3%
9.2%
Q4 24
5.9%
13.8%
Q3 24
5.8%
-0.8%
Q2 24
3.1%
2.2%
Q1 24
4.3%
4.3%
EPS (diluted)
DENN
DENN
IVT
IVT
Q4 25
$0.02
Q3 25
$0.01
$0.08
Q2 25
$0.05
$1.23
Q1 25
$0.01
$0.09
Q4 24
$0.13
$0.14
Q3 24
$0.12
$-0.01
Q2 24
$0.07
$0.02
Q1 24
$0.09
$0.04

Balance Sheet & Financial Strength

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

Metric
DENN
DENN
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$-32.7M
$1.8B
Total Assets
$502.9M
$2.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DENN
DENN
IVT
IVT
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
IVT
IVT
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$270.6M
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
DENN
DENN
IVT
IVT
Q4 25
$1.8B
Q3 25
$-32.7M
$1.8B
Q2 25
$-34.6M
$1.8B
Q1 25
$-36.4M
$1.7B
Q4 24
$-34.0M
$1.8B
Q3 24
$-54.5M
$1.8B
Q2 24
$-53.2M
$1.5B
Q1 24
$-55.7M
$1.5B
Total Assets
DENN
DENN
IVT
IVT
Q4 25
$2.8B
Q3 25
$502.9M
$2.7B
Q2 25
$491.1M
$2.7B
Q1 25
$488.1M
$2.6B
Q4 24
$496.3M
$2.6B
Q3 24
$461.6M
$2.6B
Q2 24
$459.9M
$2.5B
Q1 24
$460.4M
$2.5B
Debt / Equity
DENN
DENN
IVT
IVT
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$16.0M
$155.4M
Free Cash FlowOCF − Capex
$16.0M
$110.9M
FCF MarginFCF / Revenue
14.1%
143.3%
Capex IntensityCapex / Revenue
0.0%
57.5%
Cash ConversionOCF / Net Profit
25.28×
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DENN
DENN
IVT
IVT
Q4 25
$155.4M
Q3 25
$16.0M
$43.8M
Q2 25
$9.4M
$48.7M
Q1 25
$5.0M
$20.2M
Q4 24
$8.5M
$136.9M
Q3 24
$6.6M
$38.4M
Q2 24
$14.2M
$46.7M
Q1 24
$215.0K
$14.8M
Free Cash Flow
DENN
DENN
IVT
IVT
Q4 25
$110.9M
Q3 25
$16.0M
$31.4M
Q2 25
$38.0M
Q1 25
$12.8M
Q4 24
$100.8M
Q3 24
$29.3M
Q2 24
$37.2M
Q1 24
$7.7M
FCF Margin
DENN
DENN
IVT
IVT
Q4 25
143.3%
Q3 25
14.1%
42.2%
Q2 25
51.6%
Q1 25
17.4%
Q4 24
141.5%
Q3 24
42.8%
Q2 24
55.2%
Q1 24
11.5%
Capex Intensity
DENN
DENN
IVT
IVT
Q4 25
57.5%
Q3 25
0.0%
16.7%
Q2 25
14.6%
Q1 25
10.0%
Q4 24
50.7%
Q3 24
0.0%
13.3%
Q2 24
14.0%
Q1 24
10.6%
Cash Conversion
DENN
DENN
IVT
IVT
Q4 25
58.41×
Q3 25
25.28×
7.27×
Q2 25
3.79×
0.51×
Q1 25
15.38×
2.97×
Q4 24
1.26×
13.97×
Q3 24
1.01×
Q2 24
3.97×
31.15×
Q1 24
0.05×
5.10×

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%

IVT
IVT

Segment breakdown not available.

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