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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and ONE Group Hospitality, Inc. (STKS). 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 $207.0M, roughly 1.1× ONE Group Hospitality, Inc.). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -5.6%, a 2.5% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -6.7%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-8.6M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
DIN vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $207.0M |
| Net Profit | $-12.2M | $-6.4M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | 2.2% |
| Net Margin | -5.6% | -3.1% |
| Revenue YoY | 6.3% | -6.7% |
| Net Profit YoY | -336.1% | -531.8% |
| EPS (diluted) | $-0.79 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $216.2M | $180.2M | ||
| Q2 25 | $230.8M | $207.4M | ||
| Q1 25 | $214.8M | $211.1M | ||
| Q4 24 | $204.8M | $221.9M | ||
| Q3 24 | $195.0M | $194.0M | ||
| Q2 24 | $206.3M | $172.5M | ||
| Q1 24 | $206.2M | $85.0M |
| Q4 25 | $-12.2M | $-6.4M | ||
| Q3 25 | $7.3M | $-76.7M | ||
| Q2 25 | $13.8M | $-10.1M | ||
| Q1 25 | $8.2M | $975.0K | ||
| Q4 24 | $5.2M | $1.5M | ||
| Q3 24 | $19.1M | $-9.3M | ||
| Q2 24 | $23.2M | $-7.3M | ||
| Q1 24 | $17.5M | $-2.1M |
| 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% | — |
| Q4 25 | -7.6% | 2.2% | ||
| Q3 25 | 4.7% | -4.4% | ||
| Q2 25 | 8.2% | 0.3% | ||
| Q1 25 | 6.0% | 5.1% | ||
| Q4 24 | 3.8% | 5.5% | ||
| Q3 24 | 13.6% | -1.9% | ||
| Q2 24 | 15.1% | 0.6% | ||
| Q1 24 | 11.7% | -0.7% |
| Q4 25 | -5.6% | -3.1% | ||
| Q3 25 | 3.4% | -42.6% | ||
| Q2 25 | 6.0% | -4.9% | ||
| Q1 25 | 3.8% | 0.5% | ||
| Q4 24 | 2.5% | 0.7% | ||
| Q3 24 | 9.8% | -4.8% | ||
| Q2 24 | 11.2% | -4.3% | ||
| Q1 24 | 8.5% | -2.4% |
| Q4 25 | $-0.79 | $-0.50 | ||
| Q3 25 | $0.48 | $-2.75 | ||
| Q2 25 | $0.89 | $-0.59 | ||
| Q1 25 | $0.53 | $-0.21 | ||
| Q4 24 | $0.35 | $-0.18 | ||
| Q3 24 | $1.24 | $-0.53 | ||
| Q2 24 | $1.50 | $-0.38 | ||
| Q1 24 | $1.13 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | $1.2B | $354.2M |
| Stockholders' EquityBook value | $-273.9M | $-75.8M |
| Total Assets | $1.7B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $4.2M | ||
| Q3 25 | $167.9M | $5.5M | ||
| Q2 25 | $194.2M | $4.7M | ||
| Q1 25 | $186.5M | $21.4M | ||
| Q4 24 | $186.7M | $27.6M | ||
| Q3 24 | $169.6M | $28.2M | ||
| Q2 24 | $153.5M | $32.2M | ||
| Q1 24 | $145.0M | $15.4M |
| Q4 25 | $1.2B | $354.2M | ||
| Q3 25 | $1.2B | $355.0M | ||
| Q2 25 | $1.2B | $347.4M | ||
| Q1 25 | $1.2B | $348.3M | ||
| Q4 24 | $1.2B | $348.3M | ||
| Q3 24 | $1.2B | $349.1M | ||
| Q2 24 | $1.2B | $350.0M | ||
| Q1 24 | $1.2B | $73.5M |
| Q4 25 | $-273.9M | $-75.8M | ||
| Q3 25 | $-231.9M | $-61.5M | ||
| Q2 25 | $-212.5M | $23.0M | ||
| Q1 25 | $-215.7M | $40.5M | ||
| Q4 24 | $-216.0M | $45.9M | ||
| Q3 24 | $-216.7M | $51.4M | ||
| Q2 24 | $-231.7M | $68.1M | ||
| Q1 24 | $-244.8M | $68.3M |
| Q4 25 | $1.7B | $884.2M | ||
| Q3 25 | $1.8B | $879.5M | ||
| Q2 25 | $1.8B | $935.7M | ||
| Q1 25 | $1.8B | $956.0M | ||
| Q4 24 | $1.8B | $960.1M | ||
| Q3 24 | $1.7B | $953.5M | ||
| Q2 24 | $1.7B | $945.9M | ||
| Q1 24 | $1.7B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $-8.6M | $-329.0K |
| FCF MarginFCF / Revenue | -3.9% | -0.2% |
| Capex IntensityCapex / Revenue | 6.6% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $13.1M | ||
| Q3 25 | $30.2M | $5.9M | ||
| Q2 25 | $37.0M | $2.8M | ||
| Q1 25 | $16.1M | $8.5M | ||
| Q4 24 | $30.5M | $18.5M | ||
| Q3 24 | $25.5M | $19.1M | ||
| Q2 24 | $21.6M | $-3.8M | ||
| Q1 24 | $30.6M | $10.4M |
| Q4 25 | $-8.6M | $-329.0K | ||
| Q3 25 | $18.1M | $-6.1M | ||
| Q2 25 | $31.0M | $-15.0M | ||
| Q1 25 | $12.8M | $-5.8M | ||
| Q4 24 | $26.7M | $733.0K | ||
| Q3 24 | $22.0M | $287.0K | ||
| Q2 24 | $18.2M | $-23.0M | ||
| Q1 24 | $27.2M | $-5.4M |
| Q4 25 | -3.9% | -0.2% | ||
| Q3 25 | 8.4% | -3.4% | ||
| Q2 25 | 13.4% | -7.2% | ||
| Q1 25 | 6.0% | -2.7% | ||
| Q4 24 | 13.0% | 0.3% | ||
| Q3 24 | 11.3% | 0.1% | ||
| Q2 24 | 8.8% | -13.3% | ||
| Q1 24 | 13.2% | -6.4% |
| Q4 25 | 6.6% | 6.5% | ||
| Q3 25 | 5.6% | 6.7% | ||
| Q2 25 | 2.6% | 8.6% | ||
| Q1 25 | 1.5% | 6.8% | ||
| Q4 24 | 1.9% | 8.0% | ||
| Q3 24 | 1.8% | 9.7% | ||
| Q2 24 | 1.7% | 11.1% | ||
| Q1 24 | 1.6% | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | 4.12× | — | ||
| Q2 25 | 2.68× | — | ||
| Q1 25 | 1.97× | 8.76× | ||
| Q4 24 | 5.88× | 12.54× | ||
| 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
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
