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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Natural Grocers by Vitamin Cottage, Inc. is the larger business by last-quarter revenue ($335.6M vs $217.6M, roughly 1.5× Dine Brands Global, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -5.6%, a 9.0% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-8.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'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.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
DIN vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $335.6M |
| Net Profit | $-12.2M | $11.3M |
| Gross Margin | 42.4% | 29.5% |
| Operating Margin | -7.6% | 4.4% |
| Net Margin | -5.6% | 3.4% |
| Revenue YoY | 6.3% | 1.6% |
| Net Profit YoY | -336.1% | 14.0% |
| EPS (diluted) | $-0.79 | $0.49 |
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 | $335.6M | ||
| Q3 25 | $216.2M | $336.1M | ||
| Q2 25 | $230.8M | $328.7M | ||
| Q1 25 | $214.8M | $335.8M | ||
| Q4 24 | $204.8M | $330.2M | ||
| Q3 24 | $195.0M | $322.7M | ||
| Q2 24 | $206.3M | $309.1M | ||
| Q1 24 | $206.2M | $308.1M |
| Q4 25 | $-12.2M | $11.3M | ||
| Q3 25 | $7.3M | $11.8M | ||
| Q2 25 | $13.8M | $11.6M | ||
| Q1 25 | $8.2M | $13.1M | ||
| Q4 24 | $5.2M | $9.9M | ||
| Q3 24 | $19.1M | $9.0M | ||
| Q2 24 | $23.2M | $9.2M | ||
| Q1 24 | $17.5M | $8.0M |
| Q4 25 | 42.4% | 29.5% | ||
| Q3 25 | 39.1% | 29.5% | ||
| Q2 25 | 40.0% | 29.9% | ||
| Q1 25 | 42.0% | 30.3% | ||
| Q4 24 | 41.7% | 29.9% | ||
| Q3 24 | 47.8% | 29.6% | ||
| Q2 24 | 48.1% | 29.2% | ||
| Q1 24 | 47.2% | 29.3% |
| Q4 25 | -7.6% | 4.4% | ||
| Q3 25 | 4.7% | 4.6% | ||
| Q2 25 | 8.2% | 4.7% | ||
| Q1 25 | 6.0% | 5.2% | ||
| Q4 24 | 3.8% | 4.0% | ||
| Q3 24 | 13.6% | 3.7% | ||
| Q2 24 | 15.1% | 4.2% | ||
| Q1 24 | 11.7% | 3.7% |
| Q4 25 | -5.6% | 3.4% | ||
| Q3 25 | 3.4% | 3.5% | ||
| Q2 25 | 6.0% | 3.5% | ||
| Q1 25 | 3.8% | 3.9% | ||
| Q4 24 | 2.5% | 3.0% | ||
| Q3 24 | 9.8% | 2.8% | ||
| Q2 24 | 11.2% | 3.0% | ||
| Q1 24 | 8.5% | 2.6% |
| Q4 25 | $-0.79 | $0.49 | ||
| Q3 25 | $0.48 | $0.51 | ||
| Q2 25 | $0.89 | $0.50 | ||
| Q1 25 | $0.53 | $0.56 | ||
| Q4 24 | $0.35 | $0.43 | ||
| Q3 24 | $1.24 | $0.38 | ||
| Q2 24 | $1.50 | $0.40 | ||
| Q1 24 | $1.13 | $0.35 |
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 | $23.2M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $220.0M |
| Total Assets | $1.7B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $23.2M | ||
| Q3 25 | $167.9M | $17.1M | ||
| Q2 25 | $194.2M | $13.2M | ||
| Q1 25 | $186.5M | $21.2M | ||
| Q4 24 | $186.7M | $6.3M | ||
| Q3 24 | $169.6M | $8.9M | ||
| Q2 24 | $153.5M | $13.9M | ||
| Q1 24 | $145.0M | $11.0M |
| 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 | $220.0M | ||
| Q3 25 | $-231.9M | $212.4M | ||
| Q2 25 | $-212.5M | $202.5M | ||
| Q1 25 | $-215.7M | $193.0M | ||
| Q4 24 | $-216.0M | $181.9M | ||
| Q3 24 | $-216.7M | $174.3M | ||
| Q2 24 | $-231.7M | $167.8M | ||
| Q1 24 | $-244.8M | $160.0M |
| Q4 25 | $1.7B | $668.6M | ||
| Q3 25 | $1.8B | $670.5M | ||
| Q2 25 | $1.8B | $659.0M | ||
| Q1 25 | $1.8B | $664.6M | ||
| Q4 24 | $1.8B | $648.9M | ||
| Q3 24 | $1.7B | $655.5M | ||
| Q2 24 | $1.7B | $654.4M | ||
| Q1 24 | $1.7B | $656.6M |
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 | $21.1M |
| Free Cash FlowOCF − Capex | $-8.6M | $11.6M |
| FCF MarginFCF / Revenue | -3.9% | 3.4% |
| Capex IntensityCapex / Revenue | 6.6% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $21.1M | ||
| Q3 25 | $30.2M | $15.6M | ||
| Q2 25 | $37.0M | $2.9M | ||
| Q1 25 | $16.1M | $34.1M | ||
| Q4 24 | $30.5M | $2.7M | ||
| Q3 24 | $25.5M | $24.5M | ||
| Q2 24 | $21.6M | $12.4M | ||
| Q1 24 | $30.6M | $20.2M |
| Q4 25 | $-8.6M | $11.6M | ||
| Q3 25 | $18.1M | $7.5M | ||
| Q2 25 | $31.0M | $-4.2M | ||
| Q1 25 | $12.8M | $27.6M | ||
| Q4 24 | $26.7M | $-6.9M | ||
| Q3 24 | $22.0M | $18.0M | ||
| Q2 24 | $18.2M | $3.6M | ||
| Q1 24 | $27.2M | $9.8M |
| Q4 25 | -3.9% | 3.4% | ||
| Q3 25 | 8.4% | 2.2% | ||
| Q2 25 | 13.4% | -1.3% | ||
| Q1 25 | 6.0% | 8.2% | ||
| Q4 24 | 13.0% | -2.1% | ||
| Q3 24 | 11.3% | 5.6% | ||
| Q2 24 | 8.8% | 1.2% | ||
| Q1 24 | 13.2% | 3.2% |
| Q4 25 | 6.6% | 2.9% | ||
| Q3 25 | 5.6% | 2.4% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 1.5% | 1.9% | ||
| Q4 24 | 1.9% | 2.9% | ||
| Q3 24 | 1.8% | 2.0% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 1.6% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 4.12× | 1.32× | ||
| Q2 25 | 2.68× | 0.25× | ||
| Q1 25 | 1.97× | 2.60× | ||
| Q4 24 | 5.88× | 0.27× | ||
| Q3 24 | 1.34× | 2.72× | ||
| Q2 24 | 0.93× | 1.35× | ||
| Q1 24 | 1.75× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
