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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
Dine Brands Global, Inc. is the larger business by last-quarter revenue ($217.6M vs $177.1M, roughly 1.2× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -5.6%, a 38.5% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 6.3%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-8.6M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% 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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
DIN vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $177.1M |
| Net Profit | $-12.2M | $58.2M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | 30.9% |
| Net Margin | -5.6% | 32.8% |
| Revenue YoY | 6.3% | 7.2% |
| Net Profit YoY | -336.1% | 149.2% |
| EPS (diluted) | $-0.79 | $0.23 |
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 | $217.6M | $177.1M | ||
| Q3 25 | $216.2M | $135.0M | ||
| Q2 25 | $230.8M | $119.7M | ||
| Q1 25 | $214.8M | $125.8M | ||
| Q4 24 | $204.8M | $165.3M | ||
| Q3 24 | $195.0M | $122.9M | ||
| Q2 24 | $206.3M | $117.0M | ||
| Q1 24 | $206.2M | $108.9M |
| Q4 25 | $-12.2M | $58.2M | ||
| Q3 25 | $7.3M | $10.5M | ||
| Q2 25 | $13.8M | $15.4M | ||
| Q1 25 | $8.2M | $463.0K | ||
| Q4 24 | $5.2M | $7.6M | ||
| Q3 24 | $19.1M | $4.2M | ||
| Q2 24 | $23.2M | $4.8M | ||
| Q1 24 | $17.5M | $2.1M |
| 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% | — |
| Q4 25 | -7.6% | 30.9% | ||
| Q3 25 | 4.7% | 32.7% | ||
| Q2 25 | 8.2% | 16.1% | ||
| Q1 25 | 6.0% | 12.2% | ||
| Q4 24 | 3.8% | 26.4% | ||
| Q3 24 | 13.6% | 20.3% | ||
| Q2 24 | 15.1% | 17.8% | ||
| Q1 24 | 11.7% | -14.7% |
| Q4 25 | -5.6% | 32.8% | ||
| Q3 25 | 3.4% | 7.8% | ||
| Q2 25 | 6.0% | 12.9% | ||
| Q1 25 | 3.8% | 0.4% | ||
| Q4 24 | 2.5% | 4.6% | ||
| Q3 24 | 9.8% | 3.4% | ||
| Q2 24 | 11.2% | 4.1% | ||
| Q1 24 | 8.5% | 2.0% |
| Q4 25 | $-0.79 | $0.23 | ||
| Q3 25 | $0.48 | $0.16 | ||
| Q2 25 | $0.89 | $0.05 | ||
| Q1 25 | $0.53 | $-0.02 | ||
| Q4 24 | $0.35 | $0.09 | ||
| Q3 24 | $1.24 | $0.03 | ||
| Q2 24 | $1.50 | $0.04 | ||
| Q1 24 | $1.13 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.2M | $242.1M |
| Total DebtLower is stronger | $1.2B | $428.4M |
| Stockholders' EquityBook value | $-273.9M | $27.0M |
| Total Assets | $1.7B | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $242.1M | ||
| Q3 25 | $167.9M | $182.7M | ||
| Q2 25 | $194.2M | $136.3M | ||
| Q1 25 | $186.5M | $94.5M | ||
| Q4 24 | $186.7M | $89.5M | ||
| Q3 24 | $169.6M | $98.4M | ||
| Q2 24 | $153.5M | $73.9M | ||
| Q1 24 | $145.0M | $41.9M |
| Q4 25 | $1.2B | $428.4M | ||
| Q3 25 | $1.2B | $429.3M | ||
| Q2 25 | $1.2B | $430.2M | ||
| Q1 25 | $1.2B | $431.1M | ||
| Q4 24 | $1.2B | $432.0M | ||
| Q3 24 | $1.2B | $432.9M | ||
| Q2 24 | $1.2B | $433.8M | ||
| Q1 24 | $1.2B | $384.0M |
| Q4 25 | $-273.9M | $27.0M | ||
| Q3 25 | $-231.9M | $-7.4M | ||
| Q2 25 | $-212.5M | $-12.3M | ||
| Q1 25 | $-215.7M | $-28.3M | ||
| Q4 24 | $-216.0M | $-27.6M | ||
| Q3 24 | $-216.7M | $-31.9M | ||
| Q2 24 | $-231.7M | $-28.5M | ||
| Q1 24 | $-244.8M | $-26.4M |
| Q4 25 | $1.7B | $813.8M | ||
| Q3 25 | $1.8B | $685.9M | ||
| Q2 25 | $1.8B | $636.9M | ||
| Q1 25 | $1.8B | $579.8M | ||
| Q4 24 | $1.8B | $612.7M | ||
| Q3 24 | $1.7B | $575.0M | ||
| Q2 24 | $1.7B | $543.9M | ||
| Q1 24 | $1.7B | $497.3M |
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $5.7M | $183.5M |
| Free Cash FlowOCF − Capex | $-8.6M | $175.0M |
| FCF MarginFCF / Revenue | -3.9% | 98.8% |
| Capex IntensityCapex / Revenue | 6.6% | 4.8% |
| Cash ConversionOCF / Net Profit | — | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $183.5M | ||
| Q3 25 | $30.2M | $79.8M | ||
| Q2 25 | $37.0M | $42.0M | ||
| Q1 25 | $16.1M | $33.3M | ||
| Q4 24 | $30.5M | $148.8M | ||
| Q3 24 | $25.5M | $69.0M | ||
| Q2 24 | $21.6M | $17.5M | ||
| Q1 24 | $30.6M | $24.2M |
| Q4 25 | $-8.6M | $175.0M | ||
| Q3 25 | $18.1M | $78.3M | ||
| Q2 25 | $31.0M | $40.8M | ||
| Q1 25 | $12.8M | $32.1M | ||
| Q4 24 | $26.7M | $132.0M | ||
| Q3 24 | $22.0M | $62.2M | ||
| Q2 24 | $18.2M | $12.8M | ||
| Q1 24 | $27.2M | $20.0M |
| Q4 25 | -3.9% | 98.8% | ||
| Q3 25 | 8.4% | 58.0% | ||
| Q2 25 | 13.4% | 34.1% | ||
| Q1 25 | 6.0% | 25.5% | ||
| Q4 24 | 13.0% | 79.9% | ||
| Q3 24 | 11.3% | 50.6% | ||
| Q2 24 | 8.8% | 10.9% | ||
| Q1 24 | 13.2% | 18.4% |
| Q4 25 | 6.6% | 4.8% | ||
| Q3 25 | 5.6% | 1.1% | ||
| Q2 25 | 2.6% | 1.0% | ||
| Q1 25 | 1.5% | 0.9% | ||
| Q4 24 | 1.9% | 10.1% | ||
| Q3 24 | 1.8% | 5.5% | ||
| Q2 24 | 1.7% | 4.0% | ||
| Q1 24 | 1.6% | 3.9% |
| Q4 25 | — | 3.16× | ||
| Q3 25 | 4.12× | 7.61× | ||
| Q2 25 | 2.68× | 2.72× | ||
| Q1 25 | 1.97× | 71.84× | ||
| Q4 24 | 5.88× | 19.54× | ||
| Q3 24 | 1.34× | 16.60× | ||
| Q2 24 | 0.93× | 3.64× | ||
| Q1 24 | 1.75× | 11.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIN
| Franchisor | $163.2M | 75% |
| Food And Beverage | $27.3M | 13% |
| Proprietary Product Sales And Other | $17.0M | 8% |
| Other | $8.1M | 4% |
| Franchise And Development Fees | $2.0M | 1% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
