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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and National Storage Affiliates Trust (NSA). 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 $187.0M, roughly 1.2× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -5.6%, a 17.9% 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%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-8.6M). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% CAGR vs -2.4%).
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 Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
DIN vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $187.0M |
| Net Profit | $-12.2M | $22.9M |
| Gross Margin | 42.4% | 72.5% |
| Operating Margin | -7.6% | 20.2% |
| Net Margin | -5.6% | 12.2% |
| Revenue YoY | 6.3% | -1.6% |
| Net Profit YoY | -336.1% | 36.8% |
| EPS (diluted) | $-0.79 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $216.2M | $188.7M | ||
| Q2 25 | $230.8M | $188.8M | ||
| Q1 25 | $214.8M | $188.4M | ||
| Q4 24 | $204.8M | $190.1M | ||
| Q3 24 | $195.0M | $193.6M | ||
| Q2 24 | $206.3M | $190.4M | ||
| Q1 24 | $206.2M | $196.1M |
| Q4 25 | $-12.2M | $22.9M | ||
| Q3 25 | $7.3M | $18.4M | ||
| Q2 25 | $13.8M | $19.5M | ||
| Q1 25 | $8.2M | $13.0M | ||
| Q4 24 | $5.2M | $16.7M | ||
| Q3 24 | $19.1M | $18.7M | ||
| Q2 24 | $23.2M | $17.1M | ||
| Q1 24 | $17.5M | $59.0M |
| Q4 25 | 42.4% | 72.5% | ||
| Q3 25 | 39.1% | 70.7% | ||
| Q2 25 | 40.0% | 70.5% | ||
| Q1 25 | 42.0% | 70.7% | ||
| Q4 24 | 41.7% | 72.5% | ||
| Q3 24 | 47.8% | 72.8% | ||
| Q2 24 | 48.1% | 72.6% | ||
| Q1 24 | 47.2% | 72.1% |
| Q4 25 | -7.6% | 20.2% | ||
| Q3 25 | 4.7% | 15.8% | ||
| Q2 25 | 8.2% | 16.5% | ||
| Q1 25 | 6.0% | 11.0% | ||
| Q4 24 | 3.8% | 14.5% | ||
| Q3 24 | 13.6% | 15.8% | ||
| Q2 24 | 15.1% | 17.2% | ||
| Q1 24 | 11.7% | 48.9% |
| Q4 25 | -5.6% | 12.2% | ||
| Q3 25 | 3.4% | 9.8% | ||
| Q2 25 | 6.0% | 10.3% | ||
| Q1 25 | 3.8% | 6.9% | ||
| Q4 24 | 2.5% | 8.8% | ||
| Q3 24 | 9.8% | 9.7% | ||
| Q2 24 | 11.2% | 9.0% | ||
| Q1 24 | 8.5% | 30.1% |
| Q4 25 | $-0.79 | $0.23 | ||
| Q3 25 | $0.48 | $0.17 | ||
| Q2 25 | $0.89 | $0.19 | ||
| Q1 25 | $0.53 | $0.10 | ||
| Q4 24 | $0.35 | $0.19 | ||
| Q3 24 | $1.24 | $0.18 | ||
| Q2 24 | $1.50 | $0.16 | ||
| Q1 24 | $1.13 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $946.0M |
| Total Assets | $1.7B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $23.3M | ||
| Q3 25 | $167.9M | $26.3M | ||
| Q2 25 | $194.2M | $26.1M | ||
| Q1 25 | $186.5M | $19.3M | ||
| Q4 24 | $186.7M | $50.4M | ||
| Q3 24 | $169.6M | $69.9M | ||
| Q2 24 | $153.5M | $59.0M | ||
| Q1 24 | $145.0M | $64.2M |
| 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 | $946.0M | ||
| Q3 25 | $-231.9M | $973.1M | ||
| Q2 25 | $-212.5M | $1.0B | ||
| Q1 25 | $-215.7M | $1.0B | ||
| Q4 24 | $-216.0M | $1.1B | ||
| Q3 24 | $-216.7M | $986.9M | ||
| Q2 24 | $-231.7M | $1.2B | ||
| Q1 24 | $-244.8M | $1.3B |
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $1.8B | $5.2B | ||
| Q1 25 | $1.8B | $5.3B | ||
| Q4 24 | $1.8B | $5.4B | ||
| Q3 24 | $1.7B | $5.4B | ||
| Q2 24 | $1.7B | $5.3B | ||
| Q1 24 | $1.7B | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $-8.6M | $299.8M |
| FCF MarginFCF / Revenue | -3.9% | 160.3% |
| Capex IntensityCapex / Revenue | 6.6% | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $338.5M | ||
| Q3 25 | $30.2M | $100.2M | ||
| Q2 25 | $37.0M | $79.9M | ||
| Q1 25 | $16.1M | $85.6M | ||
| Q4 24 | $30.5M | $363.1M | ||
| Q3 24 | $25.5M | $105.7M | ||
| Q2 24 | $21.6M | $83.2M | ||
| Q1 24 | $30.6M | $94.0M |
| Q4 25 | $-8.6M | $299.8M | ||
| Q3 25 | $18.1M | $88.0M | ||
| Q2 25 | $31.0M | $73.8M | ||
| Q1 25 | $12.8M | $79.9M | ||
| Q4 24 | $26.7M | $344.4M | ||
| Q3 24 | $22.0M | $101.8M | ||
| Q2 24 | $18.2M | $79.5M | ||
| Q1 24 | $27.2M | $88.6M |
| Q4 25 | -3.9% | 160.3% | ||
| Q3 25 | 8.4% | 46.6% | ||
| Q2 25 | 13.4% | 39.1% | ||
| Q1 25 | 6.0% | 42.4% | ||
| Q4 24 | 13.0% | 181.2% | ||
| Q3 24 | 11.3% | 52.6% | ||
| Q2 24 | 8.8% | 41.7% | ||
| Q1 24 | 13.2% | 45.2% |
| Q4 25 | 6.6% | 20.7% | ||
| Q3 25 | 5.6% | 6.5% | ||
| Q2 25 | 2.6% | 3.2% | ||
| Q1 25 | 1.5% | 3.0% | ||
| Q4 24 | 1.9% | 9.8% | ||
| Q3 24 | 1.8% | 2.0% | ||
| Q2 24 | 1.7% | 1.9% | ||
| Q1 24 | 1.6% | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | 4.12× | 5.44× | ||
| Q2 25 | 2.68× | 4.10× | ||
| Q1 25 | 1.97× | 6.59× | ||
| Q4 24 | 5.88× | 21.70× | ||
| Q3 24 | 1.34× | 5.65× | ||
| Q2 24 | 0.93× | 4.88× | ||
| Q1 24 | 1.75× | 1.59× |
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% |
NSA
Segment breakdown not available.
