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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Ultragenyx Pharmaceutical Inc. (RARE). 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 $207.3M, roughly 1.0× Ultragenyx Pharmaceutical Inc.). Dine Brands Global, Inc. runs the higher net margin — -5.6% vs -62.0%, a 56.4% gap on every dollar of revenue. On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs 6.3%). Dine Brands Global, Inc. produced more free cash flow last quarter ($-8.6M vs $-100.8M). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% 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.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

DIN vs RARE — Head-to-Head

Bigger by revenue
DIN
DIN
1.0× larger
DIN
$217.6M
$207.3M
RARE
Growing faster (revenue YoY)
RARE
RARE
+19.6% gap
RARE
25.9%
6.3%
DIN
Higher net margin
DIN
DIN
56.4% more per $
DIN
-5.6%
-62.0%
RARE
More free cash flow
DIN
DIN
$92.2M more FCF
DIN
$-8.6M
$-100.8M
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIN
DIN
RARE
RARE
Revenue
$217.6M
$207.3M
Net Profit
$-12.2M
$-128.6M
Gross Margin
42.4%
Operating Margin
-7.6%
-54.7%
Net Margin
-5.6%
-62.0%
Revenue YoY
6.3%
25.9%
Net Profit YoY
-336.1%
3.5%
EPS (diluted)
$-0.79
$-1.28

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.

Revenue
DIN
DIN
RARE
RARE
Q4 25
$217.6M
$207.3M
Q3 25
$216.2M
$159.9M
Q2 25
$230.8M
$166.5M
Q1 25
$214.8M
$139.3M
Q4 24
$204.8M
$164.6M
Q3 24
$195.0M
$139.5M
Q2 24
$206.3M
$147.0M
Q1 24
$206.2M
$108.8M
Net Profit
DIN
DIN
RARE
RARE
Q4 25
$-12.2M
$-128.6M
Q3 25
$7.3M
$-180.4M
Q2 25
$13.8M
$-115.0M
Q1 25
$8.2M
$-151.1M
Q4 24
$5.2M
$-133.2M
Q3 24
$19.1M
$-133.5M
Q2 24
$23.2M
$-131.6M
Q1 24
$17.5M
$-170.7M
Gross Margin
DIN
DIN
RARE
RARE
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%
Operating Margin
DIN
DIN
RARE
RARE
Q4 25
-7.6%
-54.7%
Q3 25
4.7%
-106.9%
Q2 25
8.2%
-64.8%
Q1 25
6.0%
-102.6%
Q4 24
3.8%
-74.3%
Q3 24
13.6%
-94.6%
Q2 24
15.1%
-79.1%
Q1 24
11.7%
-151.9%
Net Margin
DIN
DIN
RARE
RARE
Q4 25
-5.6%
-62.0%
Q3 25
3.4%
-112.8%
Q2 25
6.0%
-69.0%
Q1 25
3.8%
-108.5%
Q4 24
2.5%
-80.9%
Q3 24
9.8%
-95.7%
Q2 24
11.2%
-89.5%
Q1 24
8.5%
-156.8%
EPS (diluted)
DIN
DIN
RARE
RARE
Q4 25
$-0.79
$-1.28
Q3 25
$0.48
$-1.81
Q2 25
$0.89
$-1.17
Q1 25
$0.53
$-1.57
Q4 24
$0.35
$-1.34
Q3 24
$1.24
$-1.40
Q2 24
$1.50
$-1.52
Q1 24
$1.13
$-2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DIN
DIN
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$128.2M
$421.0M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$-273.9M
$-80.0M
Total Assets
$1.7B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
RARE
RARE
Q4 25
$128.2M
$421.0M
Q3 25
$167.9M
$202.5M
Q2 25
$194.2M
$176.3M
Q1 25
$186.5M
$127.1M
Q4 24
$186.7M
$174.0M
Q3 24
$169.6M
$150.6M
Q2 24
$153.5M
$480.7M
Q1 24
$145.0M
$112.3M
Total Debt
DIN
DIN
RARE
RARE
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
Stockholders' Equity
DIN
DIN
RARE
RARE
Q4 25
$-273.9M
$-80.0M
Q3 25
$-231.9M
$9.2M
Q2 25
$-212.5M
$151.3M
Q1 25
$-215.7M
$144.2M
Q4 24
$-216.0M
$255.0M
Q3 24
$-216.7M
$346.8M
Q2 24
$-231.7M
$432.4M
Q1 24
$-244.8M
$140.3M
Total Assets
DIN
DIN
RARE
RARE
Q4 25
$1.7B
$1.5B
Q3 25
$1.8B
$1.2B
Q2 25
$1.8B
$1.3B
Q1 25
$1.8B
$1.3B
Q4 24
$1.8B
$1.5B
Q3 24
$1.7B
$1.5B
Q2 24
$1.7B
$1.6B
Q1 24
$1.7B
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DIN
DIN
RARE
RARE
Operating Cash FlowLast quarter
$5.7M
$-99.8M
Free Cash FlowOCF − Capex
$-8.6M
$-100.8M
FCF MarginFCF / Revenue
-3.9%
-48.6%
Capex IntensityCapex / Revenue
6.6%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$53.4M
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
RARE
RARE
Q4 25
$5.7M
$-99.8M
Q3 25
$30.2M
$-91.4M
Q2 25
$37.0M
$-108.3M
Q1 25
$16.1M
$-166.5M
Q4 24
$30.5M
$-79.3M
Q3 24
$25.5M
$-67.0M
Q2 24
$21.6M
$-77.0M
Q1 24
$30.6M
$-190.7M
Free Cash Flow
DIN
DIN
RARE
RARE
Q4 25
$-8.6M
$-100.8M
Q3 25
$18.1M
$-92.7M
Q2 25
$31.0M
$-110.7M
Q1 25
$12.8M
$-167.8M
Q4 24
$26.7M
$-79.5M
Q3 24
$22.0M
$-68.6M
Q2 24
$18.2M
$-79.0M
Q1 24
$27.2M
$-193.9M
FCF Margin
DIN
DIN
RARE
RARE
Q4 25
-3.9%
-48.6%
Q3 25
8.4%
-58.0%
Q2 25
13.4%
-66.5%
Q1 25
6.0%
-120.5%
Q4 24
13.0%
-48.3%
Q3 24
11.3%
-49.2%
Q2 24
8.8%
-53.7%
Q1 24
13.2%
-178.2%
Capex Intensity
DIN
DIN
RARE
RARE
Q4 25
6.6%
0.5%
Q3 25
5.6%
0.8%
Q2 25
2.6%
1.5%
Q1 25
1.5%
1.0%
Q4 24
1.9%
0.1%
Q3 24
1.8%
1.2%
Q2 24
1.7%
1.4%
Q1 24
1.6%
3.0%
Cash Conversion
DIN
DIN
RARE
RARE
Q4 25
Q3 25
4.12×
Q2 25
2.68×
Q1 25
1.97×
Q4 24
5.88×
Q3 24
1.34×
Q2 24
0.93×
Q1 24
1.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DIN
DIN

Franchisor$163.2M75%
Food And Beverage$27.3M13%
Proprietary Product Sales And Other$17.0M8%
Other$8.1M4%
Franchise And Development Fees$2.0M1%

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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