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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Kennedy-Wilson Holdings, Inc. (KW). 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 $120.6M, roughly 1.8× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -5.6%, a 53.7% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -11.0%). Dine Brands Global, Inc. produced more free cash flow last quarter ($-8.6M vs $-55.2M). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% CAGR vs -6.0%).
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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
DIN vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $120.6M |
| Net Profit | $-12.2M | $58.0M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | 57.3% |
| Net Margin | -5.6% | 48.1% |
| Revenue YoY | 6.3% | -11.0% |
| Net Profit YoY | -336.1% | 32.7% |
| EPS (diluted) | $-0.79 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $216.2M | $116.4M | ||
| Q2 25 | $230.8M | $135.7M | ||
| Q1 25 | $214.8M | $128.3M | ||
| Q4 24 | $204.8M | $135.5M | ||
| Q3 24 | $195.0M | $127.5M | ||
| Q2 24 | $206.3M | $132.0M | ||
| Q1 24 | $206.2M | $136.4M |
| Q4 25 | $-12.2M | $58.0M | ||
| Q3 25 | $7.3M | $-10.2M | ||
| Q2 25 | $13.8M | $5.6M | ||
| Q1 25 | $8.2M | $-29.6M | ||
| Q4 24 | $5.2M | $43.7M | ||
| Q3 24 | $19.1M | $-66.8M | ||
| Q2 24 | $23.2M | $-48.3M | ||
| Q1 24 | $17.5M | $37.7M |
| 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% | 57.3% | ||
| Q3 25 | 4.7% | -6.2% | ||
| Q2 25 | 8.2% | 7.4% | ||
| Q1 25 | 6.0% | -26.9% | ||
| Q4 24 | 3.8% | 36.7% | ||
| Q3 24 | 13.6% | -60.8% | ||
| Q2 24 | 15.1% | -45.5% | ||
| Q1 24 | 11.7% | 47.2% |
| Q4 25 | -5.6% | 48.1% | ||
| Q3 25 | 3.4% | -8.8% | ||
| Q2 25 | 6.0% | 4.1% | ||
| Q1 25 | 3.8% | -23.1% | ||
| Q4 24 | 2.5% | 32.3% | ||
| Q3 24 | 9.8% | -52.4% | ||
| Q2 24 | 11.2% | -36.6% | ||
| Q1 24 | 8.5% | 27.6% |
| Q4 25 | $-0.79 | $0.22 | ||
| Q3 25 | $0.48 | $-0.15 | ||
| Q2 25 | $0.89 | $-0.05 | ||
| Q1 25 | $0.53 | $-0.30 | ||
| Q4 24 | $0.35 | $0.24 | ||
| Q3 24 | $1.24 | $-0.56 | ||
| Q2 24 | $1.50 | $-0.43 | ||
| Q1 24 | $1.13 | $0.19 |
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 | $184.5M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $1.5B |
| Total Assets | $1.7B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $184.5M | ||
| Q3 25 | $167.9M | $382.6M | ||
| Q2 25 | $194.2M | $309.1M | ||
| Q1 25 | $186.5M | $356.6M | ||
| Q4 24 | $186.7M | $217.5M | ||
| Q3 24 | $169.6M | $367.1M | ||
| Q2 24 | $153.5M | $366.5M | ||
| Q1 24 | $145.0M | $541.9M |
| 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 | $1.5B | ||
| Q3 25 | $-231.9M | $1.5B | ||
| Q2 25 | $-212.5M | $1.6B | ||
| Q1 25 | $-215.7M | $1.6B | ||
| Q4 24 | $-216.0M | $1.6B | ||
| Q3 24 | $-216.7M | $1.6B | ||
| Q2 24 | $-231.7M | $1.7B | ||
| Q1 24 | $-244.8M | $1.7B |
| Q4 25 | $1.7B | $6.6B | ||
| Q3 25 | $1.8B | $6.7B | ||
| Q2 25 | $1.8B | $6.8B | ||
| Q1 25 | $1.8B | $7.2B | ||
| Q4 24 | $1.8B | $7.0B | ||
| Q3 24 | $1.7B | $7.4B | ||
| Q2 24 | $1.7B | $7.5B | ||
| Q1 24 | $1.7B | $7.7B |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $-8.6M | $-55.2M |
| FCF MarginFCF / Revenue | -3.9% | -45.8% |
| Capex IntensityCapex / Revenue | 6.6% | 55.2% |
| Cash ConversionOCF / Net Profit | — | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $11.4M | ||
| Q3 25 | $30.2M | $-7.6M | ||
| Q2 25 | $37.0M | $42.0M | ||
| Q1 25 | $16.1M | $-51.9M | ||
| Q4 24 | $30.5M | $55.1M | ||
| Q3 24 | $25.5M | $-5.6M | ||
| Q2 24 | $21.6M | $36.7M | ||
| Q1 24 | $30.6M | $-5.6M |
| Q4 25 | $-8.6M | $-55.2M | ||
| Q3 25 | $18.1M | $-18.0M | ||
| Q2 25 | $31.0M | $29.4M | ||
| Q1 25 | $12.8M | $-59.7M | ||
| Q4 24 | $26.7M | $-76.5M | ||
| Q3 24 | $22.0M | $-27.7M | ||
| Q2 24 | $18.2M | $-500.0K | ||
| Q1 24 | $27.2M | $-57.1M |
| Q4 25 | -3.9% | -45.8% | ||
| Q3 25 | 8.4% | -15.5% | ||
| Q2 25 | 13.4% | 21.7% | ||
| Q1 25 | 6.0% | -46.5% | ||
| Q4 24 | 13.0% | -56.5% | ||
| Q3 24 | 11.3% | -21.7% | ||
| Q2 24 | 8.8% | -0.4% | ||
| Q1 24 | 13.2% | -41.9% |
| Q4 25 | 6.6% | 55.2% | ||
| Q3 25 | 5.6% | 8.9% | ||
| Q2 25 | 2.6% | 9.3% | ||
| Q1 25 | 1.5% | 6.1% | ||
| Q4 24 | 1.9% | 97.1% | ||
| Q3 24 | 1.8% | 17.3% | ||
| Q2 24 | 1.7% | 28.2% | ||
| Q1 24 | 1.6% | 37.8% |
| Q4 25 | — | 0.20× | ||
| Q3 25 | 4.12× | — | ||
| Q2 25 | 2.68× | 7.50× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.88× | 1.26× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.93× | — | ||
| Q1 24 | 1.75× | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
