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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Mayville Engineering Company, Inc. (MEC). 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 $134.3M, roughly 1.6× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -5.6%, a 2.4% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 6.3%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-8.6M). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
DIN vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $134.3M |
| Net Profit | $-12.2M | $-4.4M |
| Gross Margin | 42.4% | 6.8% |
| Operating Margin | -7.6% | -4.1% |
| Net Margin | -5.6% | -3.2% |
| Revenue YoY | 6.3% | 10.7% |
| Net Profit YoY | -336.1% | -127.3% |
| 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 | $134.3M | ||
| Q3 25 | $216.2M | $144.3M | ||
| Q2 25 | $230.8M | $132.3M | ||
| Q1 25 | $214.8M | $135.6M | ||
| Q4 24 | $204.8M | $121.3M | ||
| Q3 24 | $195.0M | $135.4M | ||
| Q2 24 | $206.3M | $163.6M | ||
| Q1 24 | $206.2M | $161.3M |
| Q4 25 | $-12.2M | $-4.4M | ||
| Q3 25 | $7.3M | $-2.7M | ||
| Q2 25 | $13.8M | $-1.1M | ||
| Q1 25 | $8.2M | $20.0K | ||
| Q4 24 | $5.2M | $16.0M | ||
| Q3 24 | $19.1M | $3.0M | ||
| Q2 24 | $23.2M | $3.8M | ||
| Q1 24 | $17.5M | $3.2M |
| Q4 25 | 42.4% | 6.8% | ||
| Q3 25 | 39.1% | 11.0% | ||
| Q2 25 | 40.0% | 10.3% | ||
| Q1 25 | 42.0% | 11.3% | ||
| Q4 24 | 41.7% | 8.9% | ||
| Q3 24 | 47.8% | 12.6% | ||
| Q2 24 | 48.1% | 13.6% | ||
| Q1 24 | 47.2% | 13.0% |
| Q4 25 | -7.6% | -4.1% | ||
| Q3 25 | 4.7% | 0.0% | ||
| Q2 25 | 8.2% | 0.1% | ||
| Q1 25 | 6.0% | 1.2% | ||
| Q4 24 | 3.8% | 19.0% | ||
| Q3 24 | 13.6% | 4.2% | ||
| Q2 24 | 15.1% | 5.0% | ||
| Q1 24 | 11.7% | 4.7% |
| Q4 25 | -5.6% | -3.2% | ||
| Q3 25 | 3.4% | -1.9% | ||
| Q2 25 | 6.0% | -0.8% | ||
| Q1 25 | 3.8% | 0.0% | ||
| Q4 24 | 2.5% | 13.2% | ||
| Q3 24 | 9.8% | 2.2% | ||
| Q2 24 | 11.2% | 2.3% | ||
| Q1 24 | 8.5% | 2.0% |
| Q4 25 | $-0.79 | $-0.22 | ||
| Q3 25 | $0.48 | $-0.13 | ||
| Q2 25 | $0.89 | $-0.05 | ||
| Q1 25 | $0.53 | $0.00 | ||
| Q4 24 | $0.35 | $0.76 | ||
| Q3 24 | $1.24 | $0.14 | ||
| Q2 24 | $1.50 | $0.18 | ||
| Q1 24 | $1.13 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $240.7M |
| Total Assets | $1.7B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $1.5M | ||
| Q3 25 | $167.9M | $1.2M | ||
| Q2 25 | $194.2M | $206.0K | ||
| Q1 25 | $186.5M | $183.0K | ||
| Q4 24 | $186.7M | $206.0K | ||
| Q3 24 | $169.6M | $178.0K | ||
| Q2 24 | $153.5M | $314.0K | ||
| Q1 24 | $145.0M | $314.0K |
| 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 | $240.7M | ||
| Q3 25 | $-231.9M | $244.8M | ||
| Q2 25 | $-212.5M | $246.8M | ||
| Q1 25 | $-215.7M | $250.0M | ||
| Q4 24 | $-216.0M | $251.8M | ||
| Q3 24 | $-216.7M | $238.4M | ||
| Q2 24 | $-231.7M | $238.1M | ||
| Q1 24 | $-244.8M | $234.0M |
| Q4 25 | $1.7B | $563.6M | ||
| Q3 25 | $1.8B | $585.6M | ||
| Q2 25 | $1.8B | $433.7M | ||
| Q1 25 | $1.8B | $447.7M | ||
| Q4 24 | $1.8B | $445.6M | ||
| Q3 24 | $1.7B | $466.0M | ||
| Q2 24 | $1.7B | $488.2M | ||
| Q1 24 | $1.7B | $499.9M |
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 | $13.4M |
| Free Cash FlowOCF − Capex | $-8.6M | $10.2M |
| FCF MarginFCF / Revenue | -3.9% | 7.6% |
| Capex IntensityCapex / Revenue | 6.6% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $13.4M | ||
| Q3 25 | $30.2M | $1.9M | ||
| Q2 25 | $37.0M | $15.0M | ||
| Q1 25 | $16.1M | $8.3M | ||
| Q4 24 | $30.5M | $38.0M | ||
| Q3 24 | $25.5M | $17.9M | ||
| Q2 24 | $21.6M | $23.3M | ||
| Q1 24 | $30.6M | $10.6M |
| Q4 25 | $-8.6M | $10.2M | ||
| Q3 25 | $18.1M | $-1.1M | ||
| Q2 25 | $31.0M | $12.5M | ||
| Q1 25 | $12.8M | $5.4M | ||
| Q4 24 | $26.7M | $35.6M | ||
| Q3 24 | $22.0M | $15.1M | ||
| Q2 24 | $18.2M | $19.2M | ||
| Q1 24 | $27.2M | $7.8M |
| Q4 25 | -3.9% | 7.6% | ||
| Q3 25 | 8.4% | -0.8% | ||
| Q2 25 | 13.4% | 9.5% | ||
| Q1 25 | 6.0% | 4.0% | ||
| Q4 24 | 13.0% | 29.4% | ||
| Q3 24 | 11.3% | 11.1% | ||
| Q2 24 | 8.8% | 11.7% | ||
| Q1 24 | 13.2% | 4.9% |
| Q4 25 | 6.6% | 2.4% | ||
| Q3 25 | 5.6% | 2.1% | ||
| Q2 25 | 2.6% | 1.8% | ||
| Q1 25 | 1.5% | 2.2% | ||
| Q4 24 | 1.9% | 1.9% | ||
| Q3 24 | 1.8% | 2.1% | ||
| Q2 24 | 1.7% | 2.5% | ||
| Q1 24 | 1.6% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 4.12× | — | ||
| Q2 25 | 2.68× | — | ||
| Q1 25 | 1.97× | 416.65× | ||
| Q4 24 | 5.88× | 2.38× | ||
| Q3 24 | 1.34× | 6.03× | ||
| Q2 24 | 0.93× | 6.15× | ||
| Q1 24 | 1.75× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
