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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Industrial Logistics Properties Trust (ILPT). 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 $113.9M, roughly 1.9× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -5.6%, a 4.1% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-8.6M). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% CAGR vs 0.7%).
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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
DIN vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $113.9M |
| Net Profit | $-12.2M | $-1.8M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | -22.1% |
| Net Margin | -5.6% | -1.6% |
| Revenue YoY | 6.3% | 3.1% |
| Net Profit YoY | -336.1% | 92.6% |
| EPS (diluted) | $-0.79 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $216.2M | $110.9M | ||
| Q2 25 | $230.8M | $112.1M | ||
| Q1 25 | $214.8M | $111.9M | ||
| Q4 24 | $204.8M | $110.5M | ||
| Q3 24 | $195.0M | $108.9M | ||
| Q2 24 | $206.3M | $110.6M | ||
| Q1 24 | $206.2M | $112.2M |
| Q4 25 | $-12.2M | $-1.8M | ||
| Q3 25 | $7.3M | $-21.6M | ||
| Q2 25 | $13.8M | $-21.3M | ||
| Q1 25 | $8.2M | $-21.5M | ||
| Q4 24 | $5.2M | $-24.1M | ||
| Q3 24 | $19.1M | $-25.0M | ||
| Q2 24 | $23.2M | $-23.2M | ||
| Q1 24 | $17.5M | $-23.4M |
| 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% | -22.1% | ||
| Q3 25 | 4.7% | -29.4% | ||
| Q2 25 | 8.2% | -30.8% | ||
| Q1 25 | 6.0% | -26.9% | ||
| Q4 24 | 3.8% | -31.1% | ||
| Q3 24 | 13.6% | -33.5% | ||
| Q2 24 | 15.1% | -32.4% | ||
| Q1 24 | 11.7% | -31.7% |
| Q4 25 | -5.6% | -1.6% | ||
| Q3 25 | 3.4% | -19.4% | ||
| Q2 25 | 6.0% | -19.0% | ||
| Q1 25 | 3.8% | -19.2% | ||
| Q4 24 | 2.5% | -21.8% | ||
| Q3 24 | 9.8% | -22.9% | ||
| Q2 24 | 11.2% | -20.9% | ||
| Q1 24 | 8.5% | -20.9% |
| Q4 25 | $-0.79 | $-0.02 | ||
| Q3 25 | $0.48 | $-0.33 | ||
| Q2 25 | $0.89 | $-0.32 | ||
| Q1 25 | $0.53 | $-0.33 | ||
| Q4 24 | $0.35 | $-0.37 | ||
| Q3 24 | $1.24 | $-0.38 | ||
| Q2 24 | $1.50 | $-0.35 | ||
| 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 | $94.8M |
| Total DebtLower is stronger | $1.2B | $4.2B |
| Stockholders' EquityBook value | $-273.9M | $489.7M |
| Total Assets | $1.7B | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $94.8M | ||
| Q3 25 | $167.9M | $83.2M | ||
| Q2 25 | $194.2M | $58.6M | ||
| Q1 25 | $186.5M | $108.0M | ||
| Q4 24 | $186.7M | $131.7M | ||
| Q3 24 | $169.6M | $153.9M | ||
| Q2 24 | $153.5M | $146.2M | ||
| Q1 24 | $145.0M | $128.4M |
| Q4 25 | $1.2B | $4.2B | ||
| Q3 25 | $1.2B | $4.2B | ||
| Q2 25 | $1.2B | $4.2B | ||
| Q1 25 | $1.2B | $4.3B | ||
| Q4 24 | $1.2B | $4.3B | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.2B | $4.3B | ||
| Q1 24 | $1.2B | $4.3B |
| Q4 25 | $-273.9M | $489.7M | ||
| Q3 25 | $-231.9M | $494.1M | ||
| Q2 25 | $-212.5M | $519.1M | ||
| Q1 25 | $-215.7M | $539.5M | ||
| Q4 24 | $-216.0M | $562.0M | ||
| Q3 24 | $-216.7M | $585.9M | ||
| Q2 24 | $-231.7M | $618.3M | ||
| Q1 24 | $-244.8M | $643.2M |
| Q4 25 | $1.7B | $5.2B | ||
| Q3 25 | $1.8B | $5.2B | ||
| Q2 25 | $1.8B | $5.2B | ||
| Q1 25 | $1.8B | $5.4B | ||
| Q4 24 | $1.8B | $5.4B | ||
| Q3 24 | $1.7B | $5.5B | ||
| Q2 24 | $1.7B | $5.5B | ||
| Q1 24 | $1.7B | $5.5B |
| Q4 25 | — | 8.56× | ||
| Q3 25 | — | 8.49× | ||
| Q2 25 | — | 8.09× | ||
| Q1 25 | — | 7.96× | ||
| Q4 24 | — | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | $-8.6M | $42.0M |
| FCF MarginFCF / Revenue | -3.9% | 36.9% |
| Capex IntensityCapex / Revenue | 6.6% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $60.7M | ||
| Q3 25 | $30.2M | $22.7M | ||
| Q2 25 | $37.0M | $18.4M | ||
| Q1 25 | $16.1M | $11.4M | ||
| Q4 24 | $30.5M | $2.0M | ||
| Q3 24 | $25.5M | $-3.4M | ||
| Q2 24 | $21.6M | $10.8M | ||
| Q1 24 | $30.6M | $8.0M |
| Q4 25 | $-8.6M | $42.0M | ||
| Q3 25 | $18.1M | $17.6M | ||
| Q2 25 | $31.0M | $15.2M | ||
| Q1 25 | $12.8M | $5.0M | ||
| Q4 24 | $26.7M | $-3.7M | ||
| Q3 24 | $22.0M | $-5.9M | ||
| Q2 24 | $18.2M | $9.4M | ||
| Q1 24 | $27.2M | $5.9M |
| Q4 25 | -3.9% | 36.9% | ||
| Q3 25 | 8.4% | 15.9% | ||
| Q2 25 | 13.4% | 13.5% | ||
| Q1 25 | 6.0% | 4.5% | ||
| Q4 24 | 13.0% | -3.4% | ||
| Q3 24 | 11.3% | -5.5% | ||
| Q2 24 | 8.8% | 8.5% | ||
| Q1 24 | 13.2% | 5.2% |
| Q4 25 | 6.6% | 16.4% | ||
| Q3 25 | 5.6% | 4.6% | ||
| Q2 25 | 2.6% | 2.9% | ||
| Q1 25 | 1.5% | 5.7% | ||
| Q4 24 | 1.9% | 5.2% | ||
| Q3 24 | 1.8% | 2.3% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 1.6% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 4.12× | — | ||
| Q2 25 | 2.68× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.88× | — | ||
| Q3 24 | 1.34× | — | ||
| 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
| 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% |
ILPT
Segment breakdown not available.
