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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $217.6M, roughly 1.5× Dine Brands Global, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -5.6%, a 44.2% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 6.3%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 2.7%).

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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

DIN vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.5× larger
FRT
$336.0M
$217.6M
DIN
Growing faster (revenue YoY)
FRT
FRT
+2.4% gap
FRT
8.7%
6.3%
DIN
Higher net margin
FRT
FRT
44.2% more per $
FRT
38.6%
-5.6%
DIN
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DIN
DIN
FRT
FRT
Revenue
$217.6M
$336.0M
Net Profit
$-12.2M
$129.7M
Gross Margin
42.4%
Operating Margin
-7.6%
53.8%
Net Margin
-5.6%
38.6%
Revenue YoY
6.3%
8.7%
Net Profit YoY
-336.1%
103.5%
EPS (diluted)
$-0.79
$1.49

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
FRT
FRT
Q1 26
$336.0M
Q4 25
$217.6M
$336.0M
Q3 25
$216.2M
$322.3M
Q2 25
$230.8M
$311.5M
Q1 25
$214.8M
$309.2M
Q4 24
$204.8M
$311.4M
Q3 24
$195.0M
$303.6M
Q2 24
$206.3M
$296.1M
Net Profit
DIN
DIN
FRT
FRT
Q1 26
$129.7M
Q4 25
$-12.2M
$129.7M
Q3 25
$7.3M
$61.6M
Q2 25
$13.8M
$155.9M
Q1 25
$8.2M
$63.8M
Q4 24
$5.2M
$65.5M
Q3 24
$19.1M
$61.0M
Q2 24
$23.2M
$112.0M
Gross Margin
DIN
DIN
FRT
FRT
Q1 26
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%
Operating Margin
DIN
DIN
FRT
FRT
Q1 26
53.8%
Q4 25
-7.6%
53.8%
Q3 25
4.7%
34.3%
Q2 25
8.2%
65.1%
Q1 25
6.0%
35.0%
Q4 24
3.8%
35.1%
Q3 24
13.6%
34.9%
Q2 24
15.1%
53.0%
Net Margin
DIN
DIN
FRT
FRT
Q1 26
38.6%
Q4 25
-5.6%
38.6%
Q3 25
3.4%
19.1%
Q2 25
6.0%
50.0%
Q1 25
3.8%
20.6%
Q4 24
2.5%
21.0%
Q3 24
9.8%
20.1%
Q2 24
11.2%
37.8%
EPS (diluted)
DIN
DIN
FRT
FRT
Q1 26
$1.49
Q4 25
$-0.79
$1.49
Q3 25
$0.48
$0.69
Q2 25
$0.89
$1.78
Q1 25
$0.53
$0.72
Q4 24
$0.35
$0.74
Q3 24
$1.24
$0.70
Q2 24
$1.50
$1.32

Balance Sheet & Financial Strength

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

Metric
DIN
DIN
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$128.2M
$107.4M
Total DebtLower is stronger
$1.2B
$5.0B
Stockholders' EquityBook value
$-273.9M
$3.2B
Total Assets
$1.7B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
FRT
FRT
Q1 26
$107.4M
Q4 25
$128.2M
$107.4M
Q3 25
$167.9M
$111.3M
Q2 25
$194.2M
$177.0M
Q1 25
$186.5M
$109.2M
Q4 24
$186.7M
$123.4M
Q3 24
$169.6M
$97.0M
Q2 24
$153.5M
$103.2M
Total Debt
DIN
DIN
FRT
FRT
Q1 26
$5.0B
Q4 25
$1.2B
$5.0B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
$4.5B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
DIN
DIN
FRT
FRT
Q1 26
$3.2B
Q4 25
$-273.9M
$3.2B
Q3 25
$-231.9M
$3.2B
Q2 25
$-212.5M
$3.2B
Q1 25
$-215.7M
$3.2B
Q4 24
$-216.0M
$3.2B
Q3 24
$-216.7M
$3.1B
Q2 24
$-231.7M
$3.0B
Total Assets
DIN
DIN
FRT
FRT
Q1 26
$9.1B
Q4 25
$1.7B
$9.1B
Q3 25
$1.8B
$8.9B
Q2 25
$1.8B
$8.6B
Q1 25
$1.8B
$8.6B
Q4 24
$1.8B
$8.5B
Q3 24
$1.7B
$8.5B
Q2 24
$1.7B
$8.4B
Debt / Equity
DIN
DIN
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24
Q2 24

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
FRT
FRT
Operating Cash FlowLast quarter
$5.7M
Free Cash FlowOCF − Capex
$-8.6M
FCF MarginFCF / Revenue
-3.9%
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$53.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
FRT
FRT
Q1 26
Q4 25
$5.7M
$622.4M
Q3 25
$30.2M
$147.8M
Q2 25
$37.0M
$150.7M
Q1 25
$16.1M
$179.0M
Q4 24
$30.5M
$574.6M
Q3 24
$25.5M
$144.1M
Q2 24
$21.6M
$169.7M
Free Cash Flow
DIN
DIN
FRT
FRT
Q1 26
Q4 25
$-8.6M
Q3 25
$18.1M
Q2 25
$31.0M
Q1 25
$12.8M
Q4 24
$26.7M
Q3 24
$22.0M
Q2 24
$18.2M
FCF Margin
DIN
DIN
FRT
FRT
Q1 26
Q4 25
-3.9%
Q3 25
8.4%
Q2 25
13.4%
Q1 25
6.0%
Q4 24
13.0%
Q3 24
11.3%
Q2 24
8.8%
Capex Intensity
DIN
DIN
FRT
FRT
Q1 26
Q4 25
6.6%
Q3 25
5.6%
Q2 25
2.6%
Q1 25
1.5%
Q4 24
1.9%
Q3 24
1.8%
Q2 24
1.7%
Cash Conversion
DIN
DIN
FRT
FRT
Q1 26
Q4 25
4.80×
Q3 25
4.12×
2.40×
Q2 25
2.68×
0.97×
Q1 25
1.97×
2.81×
Q4 24
5.88×
8.77×
Q3 24
1.34×
2.36×
Q2 24
0.93×
1.52×

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%

FRT
FRT

Segment breakdown not available.

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