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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and H2O AMERICA (HTO). 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 $199.4M, roughly 1.1× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -5.6%, a 13.8% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
DIN vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $199.4M |
| Net Profit | $-12.2M | $16.2M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | 16.6% |
| Net Margin | -5.6% | 8.1% |
| Revenue YoY | 6.3% | 1.5% |
| Net Profit YoY | -336.1% | -29.2% |
| EPS (diluted) | $-0.79 | $0.45 |
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 | $199.4M | ||
| Q3 25 | $216.2M | $243.5M | ||
| Q2 25 | $230.8M | $197.8M | ||
| Q1 25 | $214.8M | $164.9M | ||
| Q4 24 | $204.8M | $196.5M | ||
| Q3 24 | $195.0M | $216.7M | ||
| Q2 24 | $206.3M | $173.1M | ||
| Q1 24 | $206.2M | $150.0M |
| Q4 25 | $-12.2M | $16.2M | ||
| Q3 25 | $7.3M | $45.1M | ||
| Q2 25 | $13.8M | $24.7M | ||
| Q1 25 | $8.2M | $16.6M | ||
| Q4 24 | $5.2M | $22.9M | ||
| Q3 24 | $19.1M | $38.7M | ||
| Q2 24 | $23.2M | $20.7M | ||
| Q1 24 | $17.5M | $11.7M |
| 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% | 16.6% | ||
| Q3 25 | 4.7% | 26.5% | ||
| Q2 25 | 8.2% | 22.2% | ||
| Q1 25 | 6.0% | 21.8% | ||
| Q4 24 | 3.8% | 22.2% | ||
| Q3 24 | 13.6% | 26.9% | ||
| Q2 24 | 15.1% | 23.4% | ||
| Q1 24 | 11.7% | 18.6% |
| Q4 25 | -5.6% | 8.1% | ||
| Q3 25 | 3.4% | 18.5% | ||
| Q2 25 | 6.0% | 12.5% | ||
| Q1 25 | 3.8% | 10.0% | ||
| Q4 24 | 2.5% | 11.7% | ||
| Q3 24 | 9.8% | 17.8% | ||
| Q2 24 | 11.2% | 12.0% | ||
| Q1 24 | 8.5% | 7.8% |
| Q4 25 | $-0.79 | $0.45 | ||
| Q3 25 | $0.48 | $1.27 | ||
| Q2 25 | $0.89 | $0.71 | ||
| Q1 25 | $0.53 | $0.49 | ||
| Q4 24 | $0.35 | $0.70 | ||
| Q3 24 | $1.24 | $1.17 | ||
| Q2 24 | $1.50 | $0.64 | ||
| Q1 24 | $1.13 | $0.36 |
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 | $20.7M |
| Total DebtLower is stronger | $1.2B | $1.9B |
| Stockholders' EquityBook value | $-273.9M | $1.5B |
| Total Assets | $1.7B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $20.7M | ||
| Q3 25 | $167.9M | $11.3M | ||
| Q2 25 | $194.2M | $19.8M | ||
| Q1 25 | $186.5M | $23.7M | ||
| Q4 24 | $186.7M | $11.1M | ||
| Q3 24 | $169.6M | $4.0M | ||
| Q2 24 | $153.5M | $22.8M | ||
| Q1 24 | $145.0M | $4.5M |
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $-273.9M | $1.5B | ||
| Q3 25 | $-231.9M | $1.5B | ||
| Q2 25 | $-212.5M | $1.5B | ||
| Q1 25 | $-215.7M | $1.4B | ||
| Q4 24 | $-216.0M | $1.4B | ||
| Q3 24 | $-216.7M | $1.3B | ||
| Q2 24 | $-231.7M | $1.3B | ||
| Q1 24 | $-244.8M | $1.2B |
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.8B | $5.0B | ||
| Q2 25 | $1.8B | $4.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | $1.8B | $4.7B | ||
| Q3 24 | $1.7B | $4.6B | ||
| Q2 24 | $1.7B | $4.4B | ||
| Q1 24 | $1.7B | $4.4B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| 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 | $63.5M |
| Free Cash FlowOCF − Capex | $-8.6M | — |
| FCF MarginFCF / Revenue | -3.9% | — |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $63.5M | ||
| Q3 25 | $30.2M | $77.3M | ||
| Q2 25 | $37.0M | $60.8M | ||
| Q1 25 | $16.1M | $43.2M | ||
| Q4 24 | $30.5M | $41.5M | ||
| Q3 24 | $25.5M | $53.5M | ||
| Q2 24 | $21.6M | $49.3M | ||
| Q1 24 | $30.6M | $51.2M |
| 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 | — | ||
| Q1 24 | $27.2M | — |
| 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% | — | ||
| Q1 24 | 13.2% | — |
| 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% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | — | 3.92× | ||
| Q3 25 | 4.12× | 1.71× | ||
| Q2 25 | 2.68× | 2.47× | ||
| Q1 25 | 1.97× | 2.61× | ||
| Q4 24 | 5.88× | 1.81× | ||
| Q3 24 | 1.34× | 1.39× | ||
| Q2 24 | 0.93× | 2.38× | ||
| Q1 24 | 1.75× | 4.38× |
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% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
