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Side-by-side financial comparison of DENNY'S Corp (DENN) and P10, Inc. (PX). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $81.0M, roughly 1.4× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs 0.6%, a 11.1% gap on every dollar of revenue. On growth, DENNY'S Corp posted the faster year-over-year revenue change (1.3% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $16.0M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% 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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
DENN vs PX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $81.0M |
| Net Profit | $632.0K | $9.5M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | 31.9% |
| Net Margin | 0.6% | 11.7% |
| Revenue YoY | 1.3% | -4.7% |
| Net Profit YoY | -90.3% | 79.0% |
| EPS (diluted) | $0.01 | $0.08 |
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 | — | $81.0M | ||
| Q3 25 | $113.2M | $75.9M | ||
| Q2 25 | $117.7M | $72.7M | ||
| Q1 25 | $111.6M | $67.7M | ||
| Q4 24 | $114.7M | $85.0M | ||
| Q3 24 | $111.8M | $74.2M | ||
| Q2 24 | $115.9M | $71.1M | ||
| Q1 24 | $110.0M | $66.1M |
| Q4 25 | — | $9.5M | ||
| Q3 25 | $632.0K | $2.1M | ||
| Q2 25 | $2.5M | $3.4M | ||
| Q1 25 | $326.0K | $4.5M | ||
| Q4 24 | $6.8M | $5.3M | ||
| Q3 24 | $6.5M | $1.4M | ||
| Q2 24 | $3.6M | $7.0M | ||
| Q1 24 | $4.7M | $5.0M |
| Q4 25 | — | 31.9% | ||
| Q3 25 | 9.2% | 14.1% | ||
| Q2 25 | 7.3% | 24.4% | ||
| Q1 25 | 4.7% | 16.6% | ||
| Q4 24 | 12.6% | 26.9% | ||
| Q3 24 | 10.5% | 11.9% | ||
| Q2 24 | 7.9% | 23.7% | ||
| Q1 24 | 9.1% | 18.3% |
| Q4 25 | — | 11.7% | ||
| Q3 25 | 0.6% | 2.8% | ||
| Q2 25 | 2.1% | 4.7% | ||
| Q1 25 | 0.3% | 6.7% | ||
| Q4 24 | 5.9% | 6.2% | ||
| Q3 24 | 5.8% | 1.9% | ||
| Q2 24 | 3.1% | 9.8% | ||
| Q1 24 | 4.3% | 7.6% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | $0.01 | $0.02 | ||
| Q2 25 | $0.05 | $0.03 | ||
| Q1 25 | $0.01 | $0.04 | ||
| Q4 24 | $0.13 | $0.05 | ||
| Q3 24 | $0.12 | $0.01 | ||
| Q2 24 | $0.07 | $0.06 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $-32.7M | $403.5M |
| Total Assets | $502.9M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.2M | ||
| Q3 25 | — | $40.0M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | $1.1M | $74.4M | ||
| Q4 24 | $100.0K | $67.5M | ||
| Q3 24 | $2.9M | $61.5M | ||
| Q2 24 | $2.8M | $31.2M | ||
| Q1 24 | $2.8M | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $270.6M | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | — | $403.5M | ||
| Q3 25 | $-32.7M | $396.8M | ||
| Q2 25 | $-34.6M | $388.9M | ||
| Q1 25 | $-36.4M | $374.3M | ||
| Q4 24 | $-34.0M | $386.9M | ||
| Q3 24 | $-54.5M | $394.1M | ||
| Q2 24 | $-53.2M | $396.9M | ||
| Q1 24 | $-55.7M | $400.1M |
| Q4 25 | — | $928.3M | ||
| Q3 25 | $502.9M | $936.0M | ||
| Q2 25 | $491.1M | $932.2M | ||
| Q1 25 | $488.1M | $877.4M | ||
| Q4 24 | $496.3M | $869.3M | ||
| Q3 24 | $461.6M | $857.0M | ||
| Q2 24 | $459.9M | $823.2M | ||
| Q1 24 | $460.4M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $16.0M | $18.1M |
| FCF MarginFCF / Revenue | 14.1% | 22.3% |
| Capex IntensityCapex / Revenue | 0.0% | 6.0% |
| Cash ConversionOCF / Net Profit | 25.28× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.0M | ||
| Q3 25 | $16.0M | $-8.6M | ||
| Q2 25 | $9.4M | $13.4M | ||
| Q1 25 | $5.0M | $-4.7M | ||
| Q4 24 | $8.5M | $101.0M | ||
| Q3 24 | $6.6M | $27.5M | ||
| Q2 24 | $14.2M | $34.8M | ||
| Q1 24 | $215.0K | $11.0M |
| Q4 25 | — | $18.1M | ||
| Q3 25 | $16.0M | $-9.5M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $33.9M | ||
| Q1 24 | — | $10.7M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | 14.1% | -12.6% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | 113.6% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | 0.0% | 1.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | 0.0% | 3.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | 25.28× | -4.01× | ||
| Q2 25 | 3.79× | 3.96× | ||
| Q1 25 | 15.38× | -1.05× | ||
| Q4 24 | 1.26× | 19.12× | ||
| Q3 24 | 1.01× | 19.54× | ||
| Q2 24 | 3.97× | 4.98× | ||
| Q1 24 | 0.05× | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
