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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Krispy Kreme, Inc. (DNUT). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $217.6M, roughly 1.8× Dine Brands Global, Inc.). Dine Brands Global, Inc. runs the higher net margin — -5.6% vs -7.1%, a 1.5% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-8.6M). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% CAGR vs -5.9%).

Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.

Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...

DIN vs DNUT — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.8× larger
DNUT
$392.4M
$217.6M
DIN
Growing faster (revenue YoY)
DIN
DIN
+9.1% gap
DIN
6.3%
-2.9%
DNUT
Higher net margin
DIN
DIN
1.5% more per $
DIN
-5.6%
-7.1%
DNUT
More free cash flow
DNUT
DNUT
$36.5M more FCF
DNUT
$27.9M
$-8.6M
DIN
Faster 2-yr revenue CAGR
DIN
DIN
Annualised
DIN
2.7%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIN
DIN
DNUT
DNUT
Revenue
$217.6M
$392.4M
Net Profit
$-12.2M
$-27.8M
Gross Margin
42.4%
Operating Margin
-7.6%
-1.9%
Net Margin
-5.6%
-7.1%
Revenue YoY
6.3%
-2.9%
Net Profit YoY
-336.1%
-23.8%
EPS (diluted)
$-0.79
$-0.18

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
DIN
DIN
DNUT
DNUT
Q4 25
$217.6M
$392.4M
Q3 25
$216.2M
$375.3M
Q2 25
$230.8M
$379.8M
Q1 25
$214.8M
$375.2M
Q4 24
$204.8M
$404.0M
Q3 24
$195.0M
$379.9M
Q2 24
$206.3M
$438.8M
Q1 24
$206.2M
$442.7M
Net Profit
DIN
DIN
DNUT
DNUT
Q4 25
$-12.2M
$-27.8M
Q3 25
$7.3M
$-19.4M
Q2 25
$13.8M
$-435.3M
Q1 25
$8.2M
$-33.3M
Q4 24
$5.2M
$-22.4M
Q3 24
$19.1M
$39.6M
Q2 24
$23.2M
$-5.5M
Q1 24
$17.5M
$-8.5M
Gross Margin
DIN
DIN
DNUT
DNUT
Q4 25
42.4%
Q3 25
39.1%
Q2 25
40.0%
Q1 25
42.0%
Q4 24
41.7%
Q3 24
47.8%
Q2 24
48.1%
Q1 24
47.2%
Operating Margin
DIN
DIN
DNUT
DNUT
Q4 25
-7.6%
-1.9%
Q3 25
4.7%
-1.9%
Q2 25
8.2%
-114.4%
Q1 25
6.0%
-5.4%
Q4 24
3.8%
-2.8%
Q3 24
13.6%
-4.2%
Q2 24
15.1%
1.6%
Q1 24
11.7%
2.7%
Net Margin
DIN
DIN
DNUT
DNUT
Q4 25
-5.6%
-7.1%
Q3 25
3.4%
-5.2%
Q2 25
6.0%
-114.6%
Q1 25
3.8%
-8.9%
Q4 24
2.5%
-5.6%
Q3 24
9.8%
10.4%
Q2 24
11.2%
-1.3%
Q1 24
8.5%
-1.9%
EPS (diluted)
DIN
DIN
DNUT
DNUT
Q4 25
$-0.79
$-0.18
Q3 25
$0.48
$-0.11
Q2 25
$0.89
$-2.55
Q1 25
$0.53
$-0.20
Q4 24
$0.35
$-0.13
Q3 24
$1.24
$0.23
Q2 24
$1.50
$-0.03
Q1 24
$1.13
$-0.05

Balance Sheet & Financial Strength

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

Metric
DIN
DIN
DNUT
DNUT
Cash + ST InvestmentsLiquidity on hand
$128.2M
$42.4M
Total DebtLower is stronger
$1.2B
$911.9M
Stockholders' EquityBook value
$-273.9M
$650.1M
Total Assets
$1.7B
$2.6B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
DNUT
DNUT
Q4 25
$128.2M
$42.4M
Q3 25
$167.9M
$30.7M
Q2 25
$194.2M
$21.3M
Q1 25
$186.5M
$18.7M
Q4 24
$186.7M
$29.0M
Q3 24
$169.6M
$25.4M
Q2 24
$153.5M
$28.6M
Q1 24
$145.0M
$33.1M
Total Debt
DIN
DIN
DNUT
DNUT
Q4 25
$1.2B
$911.9M
Q3 25
$1.2B
$906.2M
Q2 25
$1.2B
$889.4M
Q1 25
$1.2B
$935.0M
Q4 24
$1.2B
$844.5M
Q3 24
$1.2B
$804.6M
Q2 24
$1.2B
$895.0M
Q1 24
$1.2B
$881.8M
Stockholders' Equity
DIN
DIN
DNUT
DNUT
Q4 25
$-273.9M
$650.1M
Q3 25
$-231.9M
$670.3M
Q2 25
$-212.5M
$693.6M
Q1 25
$-215.7M
$1.1B
Q4 24
$-216.0M
$1.1B
Q3 24
$-216.7M
$1.2B
Q2 24
$-231.7M
$1.1B
Q1 24
$-244.8M
$1.2B
Total Assets
DIN
DIN
DNUT
DNUT
Q4 25
$1.7B
$2.6B
Q3 25
$1.8B
$2.6B
Q2 25
$1.8B
$2.6B
Q1 25
$1.8B
$3.1B
Q4 24
$1.8B
$3.1B
Q3 24
$1.7B
$3.1B
Q2 24
$1.7B
$3.2B
Q1 24
$1.7B
$3.2B
Debt / Equity
DIN
DIN
DNUT
DNUT
Q4 25
1.40×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
Q3 24
0.68×
Q2 24
0.79×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
DIN
DIN
DNUT
DNUT
Operating Cash FlowLast quarter
$5.7M
$45.0M
Free Cash FlowOCF − Capex
$-8.6M
$27.9M
FCF MarginFCF / Revenue
-3.9%
7.1%
Capex IntensityCapex / Revenue
6.6%
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$53.4M
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
DNUT
DNUT
Q4 25
$5.7M
$45.0M
Q3 25
$30.2M
$42.3M
Q2 25
$37.0M
$-32.5M
Q1 25
$16.1M
$-20.8M
Q4 24
$30.5M
$27.0M
Q3 24
$25.5M
$3.3M
Q2 24
$21.6M
$33.2M
Q1 24
$30.6M
$-17.7M
Free Cash Flow
DIN
DIN
DNUT
DNUT
Q4 25
$-8.6M
$27.9M
Q3 25
$18.1M
$15.5M
Q2 25
$31.0M
$-60.8M
Q1 25
$12.8M
$-46.7M
Q4 24
$26.7M
$-6.9M
Q3 24
$22.0M
$-22.9M
Q2 24
$18.2M
$1.6M
Q1 24
$27.2M
$-46.8M
FCF Margin
DIN
DIN
DNUT
DNUT
Q4 25
-3.9%
7.1%
Q3 25
8.4%
4.1%
Q2 25
13.4%
-16.0%
Q1 25
6.0%
-12.5%
Q4 24
13.0%
-1.7%
Q3 24
11.3%
-6.0%
Q2 24
8.8%
0.4%
Q1 24
13.2%
-10.6%
Capex Intensity
DIN
DIN
DNUT
DNUT
Q4 25
6.6%
4.4%
Q3 25
5.6%
7.1%
Q2 25
2.6%
7.4%
Q1 25
1.5%
6.9%
Q4 24
1.9%
8.4%
Q3 24
1.8%
6.9%
Q2 24
1.7%
7.2%
Q1 24
1.6%
6.6%
Cash Conversion
DIN
DIN
DNUT
DNUT
Q4 25
Q3 25
4.12×
Q2 25
2.68×
Q1 25
1.97×
Q4 24
5.88×
Q3 24
1.34×
0.08×
Q2 24
0.93×
Q1 24
1.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DIN
DIN

Franchisor$163.2M75%
Food And Beverage$27.3M13%
Proprietary Product Sales And Other$17.0M8%
Other$8.1M4%
Franchise And Development Fees$2.0M1%

DNUT
DNUT

Segment breakdown not available.

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