vs
Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and INDEPENDENT BANK CORP (INDB). 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 $212.5M, roughly 1.0× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs -5.6%, a 41.1% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 6.3%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-8.6M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% 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.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
DIN vs INDB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $212.5M |
| Net Profit | $-12.2M | $75.3M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | — |
| Net Margin | -5.6% | 35.5% |
| Revenue YoY | 6.3% | 46.9% |
| Net Profit YoY | -336.1% | 50.6% |
| EPS (diluted) | $-0.79 | $1.51 |
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 | $212.5M | ||
| Q3 25 | $216.2M | $203.3M | ||
| Q2 25 | $230.8M | $147.5M | ||
| Q1 25 | $214.8M | $145.5M | ||
| Q4 24 | $204.8M | $144.7M | ||
| Q3 24 | $195.0M | $141.7M | ||
| Q2 24 | $206.3M | $137.9M | ||
| Q1 24 | $206.2M | $137.4M |
| Q4 25 | $-12.2M | $75.3M | ||
| Q3 25 | $7.3M | $34.3M | ||
| Q2 25 | $13.8M | $51.1M | ||
| Q1 25 | $8.2M | $44.4M | ||
| Q4 24 | $5.2M | $50.0M | ||
| Q3 24 | $19.1M | $42.9M | ||
| Q2 24 | $23.2M | $51.3M | ||
| Q1 24 | $17.5M | $47.8M |
| 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% | — | ||
| Q3 25 | 4.7% | 21.8% | ||
| Q2 25 | 8.2% | 44.6% | ||
| Q1 25 | 6.0% | 39.3% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 13.6% | 39.0% | ||
| Q2 24 | 15.1% | 48.1% | ||
| Q1 24 | 11.7% | 45.5% |
| Q4 25 | -5.6% | 35.5% | ||
| Q3 25 | 3.4% | 16.8% | ||
| Q2 25 | 6.0% | 34.6% | ||
| Q1 25 | 3.8% | 30.5% | ||
| Q4 24 | 2.5% | 34.6% | ||
| Q3 24 | 9.8% | 30.3% | ||
| Q2 24 | 11.2% | 37.2% | ||
| Q1 24 | 8.5% | 34.8% |
| Q4 25 | $-0.79 | $1.51 | ||
| Q3 25 | $0.48 | $0.69 | ||
| Q2 25 | $0.89 | $1.20 | ||
| Q1 25 | $0.53 | $1.04 | ||
| Q4 24 | $0.35 | $1.18 | ||
| Q3 24 | $1.24 | $1.01 | ||
| Q2 24 | $1.50 | $1.21 | ||
| Q1 24 | $1.13 | $1.12 |
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 | — |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $3.6B |
| Total Assets | $1.7B | $24.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | — | ||
| Q3 25 | $167.9M | — | ||
| Q2 25 | $194.2M | — | ||
| Q1 25 | $186.5M | — | ||
| Q4 24 | $186.7M | — | ||
| Q3 24 | $169.6M | — | ||
| Q2 24 | $153.5M | — | ||
| Q1 24 | $145.0M | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $-273.9M | $3.6B | ||
| Q3 25 | $-231.9M | $3.5B | ||
| Q2 25 | $-212.5M | $3.1B | ||
| Q1 25 | $-215.7M | $3.0B | ||
| Q4 24 | $-216.0M | $3.0B | ||
| Q3 24 | $-216.7M | $3.0B | ||
| Q2 24 | $-231.7M | $2.9B | ||
| Q1 24 | $-244.8M | $2.9B |
| Q4 25 | $1.7B | $24.9B | ||
| Q3 25 | $1.8B | $25.0B | ||
| Q2 25 | $1.8B | $20.0B | ||
| Q1 25 | $1.8B | $19.9B | ||
| Q4 24 | $1.8B | $19.4B | ||
| Q3 24 | $1.7B | $19.4B | ||
| Q2 24 | $1.7B | $19.4B | ||
| Q1 24 | $1.7B | $19.3B |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $-8.6M | $75.5M |
| FCF MarginFCF / Revenue | -3.9% | 35.5% |
| Capex IntensityCapex / Revenue | 6.6% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $78.9M | ||
| Q3 25 | $30.2M | $52.2M | ||
| Q2 25 | $37.0M | $106.7M | ||
| Q1 25 | $16.1M | $13.3M | ||
| Q4 24 | $30.5M | $42.9M | ||
| Q3 24 | $25.5M | $70.2M | ||
| Q2 24 | $21.6M | $65.6M | ||
| Q1 24 | $30.6M | $51.1M |
| Q4 25 | $-8.6M | $75.5M | ||
| Q3 25 | $18.1M | $49.7M | ||
| Q2 25 | $31.0M | $102.5M | ||
| Q1 25 | $12.8M | $11.3M | ||
| Q4 24 | $26.7M | $36.5M | ||
| Q3 24 | $22.0M | $64.4M | ||
| Q2 24 | $18.2M | $61.9M | ||
| Q1 24 | $27.2M | $46.7M |
| Q4 25 | -3.9% | 35.5% | ||
| Q3 25 | 8.4% | 24.4% | ||
| Q2 25 | 13.4% | 69.5% | ||
| Q1 25 | 6.0% | 7.8% | ||
| Q4 24 | 13.0% | 25.2% | ||
| Q3 24 | 11.3% | 45.4% | ||
| Q2 24 | 8.8% | 44.9% | ||
| Q1 24 | 13.2% | 34.0% |
| Q4 25 | 6.6% | 1.6% | ||
| Q3 25 | 5.6% | 1.2% | ||
| Q2 25 | 2.6% | 2.9% | ||
| Q1 25 | 1.5% | 1.4% | ||
| Q4 24 | 1.9% | 4.4% | ||
| Q3 24 | 1.8% | 4.1% | ||
| Q2 24 | 1.7% | 2.7% | ||
| Q1 24 | 1.6% | 3.2% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | 4.12× | 1.52× | ||
| Q2 25 | 2.68× | 2.09× | ||
| Q1 25 | 1.97× | 0.30× | ||
| Q4 24 | 5.88× | 0.86× | ||
| Q3 24 | 1.34× | 1.64× | ||
| Q2 24 | 0.93× | 1.28× | ||
| Q1 24 | 1.75× | 1.07× |
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% |
INDB
Segment breakdown not available.
