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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $217.6M, roughly 2.0× Dine Brands Global, Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs -5.6%, a 41.3% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% 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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
DIN vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $425.9M |
| Net Profit | $-12.2M | $152.0M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | 81.5% |
| Net Margin | -5.6% | 35.7% |
| Revenue YoY | 6.3% | 1.7% |
| Net Profit YoY | -336.1% | — |
| EPS (diluted) | $-0.79 | $1.59 |
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.
| Q1 26 | — | $425.9M | ||
| Q4 25 | $217.6M | $637.9M | ||
| Q3 25 | $216.2M | $443.1M | ||
| Q2 25 | $230.8M | $527.4M | ||
| Q1 25 | $214.8M | $734.8M | ||
| Q4 24 | $204.8M | $513.8M | ||
| Q3 24 | $195.0M | $310.0M | ||
| Q2 24 | $206.3M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $-12.2M | $181.6M | ||
| Q3 25 | $7.3M | $107.3M | ||
| Q2 25 | $13.8M | $149.8M | ||
| Q1 25 | $8.2M | $216.4M | ||
| Q4 24 | $5.2M | $45.0M | ||
| Q3 24 | $19.1M | $-167.6M | ||
| Q2 24 | $23.2M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 42.4% | 86.6% | ||
| Q3 25 | 39.1% | — | ||
| Q2 25 | 40.0% | 94.7% | ||
| Q1 25 | 42.0% | 81.6% | ||
| Q4 24 | 41.7% | 87.3% | ||
| Q3 24 | 47.8% | — | ||
| Q2 24 | 48.1% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | -7.6% | 43.3% | ||
| Q3 25 | 4.7% | 40.6% | ||
| Q2 25 | 8.2% | 43.7% | ||
| Q1 25 | 6.0% | 43.2% | ||
| Q4 24 | 3.8% | 16.8% | ||
| Q3 24 | 13.6% | -63.4% | ||
| Q2 24 | 15.1% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | -5.6% | 28.5% | ||
| Q3 25 | 3.4% | 24.2% | ||
| Q2 25 | 6.0% | 28.4% | ||
| Q1 25 | 3.8% | 29.4% | ||
| Q4 24 | 2.5% | 8.8% | ||
| Q3 24 | 9.8% | -54.1% | ||
| Q2 24 | 11.2% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $-0.79 | $1.98 | ||
| Q3 25 | $0.48 | $1.18 | ||
| Q2 25 | $0.89 | $1.64 | ||
| Q1 25 | $0.53 | $2.37 | ||
| Q4 24 | $0.35 | $0.49 | ||
| Q3 24 | $1.24 | $-1.81 | ||
| Q2 24 | $1.50 | $-0.59 |
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 | $300.0M |
| Stockholders' EquityBook value | $-273.9M | — |
| Total Assets | $1.7B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $128.2M | $271.4M | ||
| Q3 25 | $167.9M | $43.2M | ||
| Q2 25 | $194.2M | $39.3M | ||
| Q1 25 | $186.5M | $40.0M | ||
| Q4 24 | $186.7M | $48.7M | ||
| Q3 24 | $169.6M | $38.2M | ||
| Q2 24 | $153.5M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $1.2B | $2.7B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.2B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $-273.9M | $3.6B | ||
| Q3 25 | $-231.9M | $3.1B | ||
| Q2 25 | $-212.5M | $3.0B | ||
| Q1 25 | $-215.7M | $2.8B | ||
| Q4 24 | $-216.0M | $-76.2M | ||
| Q3 24 | $-216.7M | $-15.5M | ||
| Q2 24 | $-231.7M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.7B | $9.2B | ||
| Q3 25 | $1.8B | $8.7B | ||
| Q2 25 | $1.8B | $8.4B | ||
| Q1 25 | $1.8B | $8.5B | ||
| Q4 24 | $1.8B | $8.3B | ||
| Q3 24 | $1.7B | $8.3B | ||
| Q2 24 | $1.7B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| Free Cash FlowOCF − Capex | $-8.6M | — |
| FCF MarginFCF / Revenue | -3.9% | — |
| Capex IntensityCapex / Revenue | 6.6% | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $5.7M | $274.9M | ||
| Q3 25 | $30.2M | $237.8M | ||
| Q2 25 | $37.0M | $388.4M | ||
| Q1 25 | $16.1M | $253.8M | ||
| Q4 24 | $30.5M | $220.1M | ||
| Q3 24 | $25.5M | $197.9M | ||
| Q2 24 | $21.6M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.6M | $-2.7M | ||
| Q3 25 | $18.1M | $-47.8M | ||
| Q2 25 | $31.0M | $195.3M | ||
| Q1 25 | $12.8M | $59.9M | ||
| Q4 24 | $26.7M | $-20.3M | ||
| Q3 24 | $22.0M | $-49.1M | ||
| Q2 24 | $18.2M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | -3.9% | -0.4% | ||
| Q3 25 | 8.4% | -10.8% | ||
| Q2 25 | 13.4% | 37.0% | ||
| Q1 25 | 6.0% | 8.2% | ||
| Q4 24 | 13.0% | -4.0% | ||
| Q3 24 | 11.3% | -15.8% | ||
| Q2 24 | 8.8% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 6.6% | 43.5% | ||
| Q3 25 | 5.6% | 64.4% | ||
| Q2 25 | 2.6% | 36.6% | ||
| Q1 25 | 1.5% | 26.4% | ||
| Q4 24 | 1.9% | 46.8% | ||
| Q3 24 | 1.8% | 79.7% | ||
| Q2 24 | 1.7% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | 4.12× | 2.21× | ||
| Q2 25 | 2.68× | 2.59× | ||
| Q1 25 | 1.97× | 1.17× | ||
| Q4 24 | 5.88× | 4.89× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.93× | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
