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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $217.6M, roughly 1.3× Dine Brands Global, Inc.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -5.6%, a 10.5% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 6.3%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-8.6M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% 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.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
DIN vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $274.5M |
| Net Profit | $-12.2M | $13.3M |
| Gross Margin | 42.4% | 36.1% |
| Operating Margin | -7.6% | 1.2% |
| Net Margin | -5.6% | 4.8% |
| Revenue YoY | 6.3% | 17.1% |
| Net Profit YoY | -336.1% | 69.8% |
| EPS (diluted) | $-0.79 | $0.30 |
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 | $274.5M | ||
| Q3 25 | $216.2M | $250.8M | ||
| Q2 25 | $230.8M | $250.7M | ||
| Q1 25 | $214.8M | $227.8M | ||
| Q4 24 | $204.8M | $234.3M | ||
| Q3 24 | $195.0M | $233.1M | ||
| Q2 24 | $206.3M | $257.6M | ||
| Q1 24 | $206.2M | $252.0M |
| Q4 25 | $-12.2M | $13.3M | ||
| Q3 25 | $7.3M | $7.5M | ||
| Q2 25 | $13.8M | $6.6M | ||
| Q1 25 | $8.2M | $3.8M | ||
| Q4 24 | $5.2M | $7.8M | ||
| Q3 24 | $19.1M | $-233.6M | ||
| Q2 24 | $23.2M | $20.2M | ||
| Q1 24 | $17.5M | $24.1M |
| Q4 25 | 42.4% | 36.1% | ||
| Q3 25 | 39.1% | 39.5% | ||
| Q2 25 | 40.0% | 37.3% | ||
| Q1 25 | 42.0% | 39.4% | ||
| Q4 24 | 41.7% | 38.6% | ||
| Q3 24 | 47.8% | 23.2% | ||
| Q2 24 | 48.1% | 37.3% | ||
| Q1 24 | 47.2% | 38.7% |
| Q4 25 | -7.6% | 1.2% | ||
| Q3 25 | 4.7% | 3.1% | ||
| Q2 25 | 8.2% | 0.0% | ||
| Q1 25 | 6.0% | 0.8% | ||
| Q4 24 | 3.8% | 6.0% | ||
| Q3 24 | 13.6% | -108.7% | ||
| Q2 24 | 15.1% | 4.7% | ||
| Q1 24 | 11.7% | 7.6% |
| Q4 25 | -5.6% | 4.8% | ||
| Q3 25 | 3.4% | 3.0% | ||
| Q2 25 | 6.0% | 2.6% | ||
| Q1 25 | 3.8% | 1.6% | ||
| Q4 24 | 2.5% | 3.3% | ||
| Q3 24 | 9.8% | -100.2% | ||
| Q2 24 | 11.2% | 7.8% | ||
| Q1 24 | 8.5% | 9.6% |
| Q4 25 | $-0.79 | $0.30 | ||
| Q3 25 | $0.48 | $0.18 | ||
| Q2 25 | $0.89 | $0.16 | ||
| Q1 25 | $0.53 | $0.09 | ||
| Q4 24 | $0.35 | $0.27 | ||
| Q3 24 | $1.24 | $-5.33 | ||
| Q2 24 | $1.50 | $0.45 | ||
| Q1 24 | $1.13 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $2.1B |
| Total Assets | $1.7B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $839.3M | ||
| Q3 25 | $167.9M | $870.4M | ||
| Q2 25 | $194.2M | $899.6M | ||
| Q1 25 | $186.5M | $926.9M | ||
| Q4 24 | $186.7M | $930.2M | ||
| Q3 24 | $169.6M | $1.0B | ||
| Q2 24 | $153.5M | $1.1B | ||
| Q1 24 | $145.0M | $1.1B |
| 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 | $2.1B | ||
| Q3 25 | $-231.9M | $2.1B | ||
| Q2 25 | $-212.5M | $2.1B | ||
| Q1 25 | $-215.7M | $2.1B | ||
| Q4 24 | $-216.0M | $2.0B | ||
| Q3 24 | $-216.7M | $2.1B | ||
| Q2 24 | $-231.7M | $2.3B | ||
| Q1 24 | $-244.8M | $2.3B |
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.8B | $2.4B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.7B | $2.4B | ||
| Q2 24 | $1.7B | $2.5B | ||
| Q1 24 | $1.7B | $2.6B |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $-8.6M | $10.9M |
| FCF MarginFCF / Revenue | -3.9% | 4.0% |
| Capex IntensityCapex / Revenue | 6.6% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $28.8M | ||
| Q3 25 | $30.2M | $35.3M | ||
| Q2 25 | $37.0M | $-2.2M | ||
| Q1 25 | $16.1M | $13.4M | ||
| Q4 24 | $30.5M | $73.8M | ||
| Q3 24 | $25.5M | $66.1M | ||
| Q2 24 | $21.6M | $53.5M | ||
| Q1 24 | $30.6M | $54.6M |
| Q4 25 | $-8.6M | $10.9M | ||
| Q3 25 | $18.1M | $14.6M | ||
| Q2 25 | $31.0M | $-17.6M | ||
| Q1 25 | $12.8M | $-11.4M | ||
| Q4 24 | $26.7M | $50.6M | ||
| Q3 24 | $22.0M | $43.0M | ||
| Q2 24 | $18.2M | $29.2M | ||
| Q1 24 | $27.2M | $26.5M |
| Q4 25 | -3.9% | 4.0% | ||
| Q3 25 | 8.4% | 5.8% | ||
| Q2 25 | 13.4% | -7.0% | ||
| Q1 25 | 6.0% | -5.0% | ||
| Q4 24 | 13.0% | 21.6% | ||
| Q3 24 | 11.3% | 18.4% | ||
| Q2 24 | 8.8% | 11.3% | ||
| Q1 24 | 13.2% | 10.5% |
| Q4 25 | 6.6% | 6.5% | ||
| Q3 25 | 5.6% | 8.3% | ||
| Q2 25 | 2.6% | 6.1% | ||
| Q1 25 | 1.5% | 10.9% | ||
| Q4 24 | 1.9% | 9.9% | ||
| Q3 24 | 1.8% | 9.9% | ||
| Q2 24 | 1.7% | 9.4% | ||
| Q1 24 | 1.6% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | 4.12× | 4.73× | ||
| Q2 25 | 2.68× | -0.34× | ||
| Q1 25 | 1.97× | 3.58× | ||
| Q4 24 | 5.88× | 9.44× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.93× | 2.65× | ||
| Q1 24 | 1.75× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
