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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and TransMedics Group, Inc. (TMDX). 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 $160.8M, roughly 1.4× TransMedics Group, Inc.). TransMedics Group, Inc. runs the higher net margin — 65.6% vs -5.6%, a 71.2% gap on every dollar of revenue. On growth, TransMedics Group, Inc. posted the faster year-over-year revenue change (32.2% vs 6.3%). TransMedics Group, Inc. produced more free cash flow last quarter ($19.0M vs $-8.6M). Over the past eight quarters, TransMedics Group, Inc.'s revenue compounded faster (28.8% 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.

TransMedics Group, Inc. develops and commercializes innovative medical technologies for organ transplantation. Its flagship Organ Care System keeps donor organs viable during transport, improving transplant outcomes for heart, lung, liver and kidney recipients. It serves transplant centers and organ procurement organizations across North America, Europe and Asia-Pacific.

DIN vs TMDX — Head-to-Head

Bigger by revenue
DIN
DIN
1.4× larger
DIN
$217.6M
$160.8M
TMDX
Growing faster (revenue YoY)
TMDX
TMDX
+25.9% gap
TMDX
32.2%
6.3%
DIN
Higher net margin
TMDX
TMDX
71.2% more per $
TMDX
65.6%
-5.6%
DIN
More free cash flow
TMDX
TMDX
$27.6M more FCF
TMDX
$19.0M
$-8.6M
DIN
Faster 2-yr revenue CAGR
TMDX
TMDX
Annualised
TMDX
28.8%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIN
DIN
TMDX
TMDX
Revenue
$217.6M
$160.8M
Net Profit
$-12.2M
$105.4M
Gross Margin
42.4%
58.1%
Operating Margin
-7.6%
13.2%
Net Margin
-5.6%
65.6%
Revenue YoY
6.3%
32.2%
Net Profit YoY
-336.1%
1436.9%
EPS (diluted)
$-0.79
$2.59

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.

Revenue
DIN
DIN
TMDX
TMDX
Q4 25
$217.6M
$160.8M
Q3 25
$216.2M
$143.8M
Q2 25
$230.8M
$157.4M
Q1 25
$214.8M
$143.5M
Q4 24
$204.8M
$121.6M
Q3 24
$195.0M
$108.8M
Q2 24
$206.3M
$114.3M
Q1 24
$206.2M
$96.8M
Net Profit
DIN
DIN
TMDX
TMDX
Q4 25
$-12.2M
$105.4M
Q3 25
$7.3M
$24.3M
Q2 25
$13.8M
$34.9M
Q1 25
$8.2M
$25.7M
Q4 24
$5.2M
$6.9M
Q3 24
$19.1M
$4.2M
Q2 24
$23.2M
$12.2M
Q1 24
$17.5M
$12.2M
Gross Margin
DIN
DIN
TMDX
TMDX
Q4 25
42.4%
58.1%
Q3 25
39.1%
58.8%
Q2 25
40.0%
61.4%
Q1 25
42.0%
61.5%
Q4 24
41.7%
59.2%
Q3 24
47.8%
55.9%
Q2 24
48.1%
60.6%
Q1 24
47.2%
61.9%
Operating Margin
DIN
DIN
TMDX
TMDX
Q4 25
-7.6%
13.2%
Q3 25
4.7%
16.2%
Q2 25
8.2%
23.2%
Q1 25
6.0%
19.1%
Q4 24
3.8%
7.1%
Q3 24
13.6%
3.6%
Q2 24
15.1%
10.9%
Q1 24
11.7%
12.8%
Net Margin
DIN
DIN
TMDX
TMDX
Q4 25
-5.6%
65.6%
Q3 25
3.4%
16.9%
Q2 25
6.0%
22.2%
Q1 25
3.8%
17.9%
Q4 24
2.5%
5.6%
Q3 24
9.8%
3.9%
Q2 24
11.2%
10.7%
Q1 24
8.5%
12.6%
EPS (diluted)
DIN
DIN
TMDX
TMDX
Q4 25
$-0.79
$2.59
Q3 25
$0.48
$0.66
Q2 25
$0.89
$0.92
Q1 25
$0.53
$0.70
Q4 24
$0.35
$0.19
Q3 24
$1.24
$0.12
Q2 24
$1.50
$0.35
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
DIN
DIN
TMDX
TMDX
Cash + ST InvestmentsLiquidity on hand
$128.2M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$-273.9M
$473.1M
Total Assets
$1.7B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
TMDX
TMDX
Q4 25
$128.2M
Q3 25
$167.9M
Q2 25
$194.2M
Q1 25
$186.5M
Q4 24
$186.7M
Q3 24
$169.6M
$330.1M
Q2 24
$153.5M
$362.8M
Q1 24
$145.0M
$350.2M
Total Debt
DIN
DIN
TMDX
TMDX
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
TMDX
TMDX
Q4 25
$-273.9M
$473.1M
Q3 25
$-231.9M
$355.2M
Q2 25
$-212.5M
$318.1M
Q1 25
$-215.7M
$266.3M
Q4 24
$-216.0M
$228.6M
Q3 24
$-216.7M
$209.9M
Q2 24
$-231.7M
$189.9M
Q1 24
$-244.8M
$159.5M
Total Assets
DIN
DIN
TMDX
TMDX
Q4 25
$1.7B
$1.1B
Q3 25
$1.8B
$946.0M
Q2 25
$1.8B
$890.5M
Q1 25
$1.8B
$837.5M
Q4 24
$1.8B
$804.1M
Q3 24
$1.7B
$785.6M
Q2 24
$1.7B
$758.6M
Q1 24
$1.7B
$723.8M

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
TMDX
TMDX
Operating Cash FlowLast quarter
$5.7M
$34.5M
Free Cash FlowOCF − Capex
$-8.6M
$19.0M
FCF MarginFCF / Revenue
-3.9%
11.8%
Capex IntensityCapex / Revenue
6.6%
9.7%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$53.4M
$133.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
TMDX
TMDX
Q4 25
$5.7M
$34.5M
Q3 25
$30.2M
$69.6M
Q2 25
$37.0M
$91.6M
Q1 25
$16.1M
$-2.9M
Q4 24
$30.5M
$19.7M
Q3 24
$25.5M
$6.9M
Q2 24
$21.6M
$25.7M
Q1 24
$30.6M
$-3.4M
Free Cash Flow
DIN
DIN
TMDX
TMDX
Q4 25
$-8.6M
$19.0M
Q3 25
$18.1M
$61.9M
Q2 25
$31.0M
$82.5M
Q1 25
$12.8M
$-29.9M
Q4 24
$26.7M
$6.1M
Q3 24
$22.0M
$-41.3M
Q2 24
$18.2M
$2.0M
Q1 24
$27.2M
$-47.6M
FCF Margin
DIN
DIN
TMDX
TMDX
Q4 25
-3.9%
11.8%
Q3 25
8.4%
43.1%
Q2 25
13.4%
52.4%
Q1 25
6.0%
-20.8%
Q4 24
13.0%
5.0%
Q3 24
11.3%
-38.0%
Q2 24
8.8%
1.7%
Q1 24
13.2%
-49.2%
Capex Intensity
DIN
DIN
TMDX
TMDX
Q4 25
6.6%
9.7%
Q3 25
5.6%
5.3%
Q2 25
2.6%
5.8%
Q1 25
1.5%
18.8%
Q4 24
1.9%
11.2%
Q3 24
1.8%
44.3%
Q2 24
1.7%
20.8%
Q1 24
1.6%
45.6%
Cash Conversion
DIN
DIN
TMDX
TMDX
Q4 25
0.33×
Q3 25
4.12×
2.86×
Q2 25
2.68×
2.62×
Q1 25
1.97×
-0.11×
Q4 24
5.88×
2.87×
Q3 24
1.34×
1.63×
Q2 24
0.93×
2.11×
Q1 24
1.75×
-0.28×

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%

TMDX
TMDX

Liver Product$127.0M79%
Heart Product$26.0M16%
Other$5.9M4%
Lung Product$1.9M1%

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