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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). 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 $208.0M, roughly 1.0× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -5.6%, a 21.9% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -10.9%). Dine Brands Global, Inc. produced more free cash flow last quarter ($-8.6M vs $-74.1M). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% CAGR vs -3.2%).

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.

Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.

DIN vs VRTS — Head-to-Head

Bigger by revenue
DIN
DIN
1.0× larger
DIN
$217.6M
$208.0M
VRTS
Growing faster (revenue YoY)
DIN
DIN
+17.2% gap
DIN
6.3%
-10.9%
VRTS
Higher net margin
VRTS
VRTS
21.9% more per $
VRTS
16.3%
-5.6%
DIN
More free cash flow
DIN
DIN
$65.5M more FCF
DIN
$-8.6M
$-74.1M
VRTS
Faster 2-yr revenue CAGR
DIN
DIN
Annualised
DIN
2.7%
-3.2%
VRTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIN
DIN
VRTS
VRTS
Revenue
$217.6M
$208.0M
Net Profit
$-12.2M
$33.9M
Gross Margin
42.4%
Operating Margin
-7.6%
19.1%
Net Margin
-5.6%
16.3%
Revenue YoY
6.3%
-10.9%
Net Profit YoY
-336.1%
-14.2%
EPS (diluted)
$-0.79
$5.15

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
VRTS
VRTS
Q4 25
$217.6M
$208.0M
Q3 25
$216.2M
$216.4M
Q2 25
$230.8M
$210.5M
Q1 25
$214.8M
$217.9M
Q4 24
$204.8M
$233.5M
Q3 24
$195.0M
$227.0M
Q2 24
$206.3M
$224.4M
Q1 24
$206.2M
$222.0M
Net Profit
DIN
DIN
VRTS
VRTS
Q4 25
$-12.2M
$33.9M
Q3 25
$7.3M
$31.3M
Q2 25
$13.8M
$42.7M
Q1 25
$8.2M
$28.1M
Q4 24
$5.2M
$39.5M
Q3 24
$19.1M
$49.1M
Q2 24
$23.2M
$26.0M
Q1 24
$17.5M
$37.9M
Gross Margin
DIN
DIN
VRTS
VRTS
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
VRTS
VRTS
Q4 25
-7.6%
19.1%
Q3 25
4.7%
21.7%
Q2 25
8.2%
21.5%
Q1 25
6.0%
16.8%
Q4 24
3.8%
21.7%
Q3 24
13.6%
24.3%
Q2 24
15.1%
19.7%
Q1 24
11.7%
14.5%
Net Margin
DIN
DIN
VRTS
VRTS
Q4 25
-5.6%
16.3%
Q3 25
3.4%
14.5%
Q2 25
6.0%
20.3%
Q1 25
3.8%
12.9%
Q4 24
2.5%
16.9%
Q3 24
9.8%
21.6%
Q2 24
11.2%
11.6%
Q1 24
8.5%
17.1%
EPS (diluted)
DIN
DIN
VRTS
VRTS
Q4 25
$-0.79
$5.15
Q3 25
$0.48
$4.65
Q2 25
$0.89
$6.12
Q1 25
$0.53
$4.05
Q4 24
$0.35
$4.65
Q3 24
$1.24
$5.71
Q2 24
$1.50
$2.43
Q1 24
$1.13
$4.10

Balance Sheet & Financial Strength

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

Metric
DIN
DIN
VRTS
VRTS
Cash + ST InvestmentsLiquidity on hand
$128.2M
Total DebtLower is stronger
$1.2B
$390.0M
Stockholders' EquityBook value
$-273.9M
$934.0M
Total Assets
$1.7B
$4.3B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
VRTS
VRTS
Q4 25
$128.2M
Q3 25
$167.9M
Q2 25
$194.2M
Q1 25
$186.5M
Q4 24
$186.7M
Q3 24
$169.6M
Q2 24
$153.5M
Q1 24
$145.0M
Total Debt
DIN
DIN
VRTS
VRTS
Q4 25
$1.2B
$390.0M
Q3 25
$1.2B
$390.6M
Q2 25
$1.2B
$231.3M
Q1 25
$1.2B
$231.7M
Q4 24
$1.2B
$232.1M
Q3 24
$1.2B
$237.5M
Q2 24
$1.2B
$247.6M
Q1 24
$1.2B
$253.0M
Stockholders' Equity
DIN
DIN
VRTS
VRTS
Q4 25
$-273.9M
$934.0M
Q3 25
$-231.9M
$918.7M
Q2 25
$-212.5M
$896.4M
Q1 25
$-215.7M
$893.7M
Q4 24
$-216.0M
$897.5M
Q3 24
$-216.7M
$889.0M
Q2 24
$-231.7M
$868.7M
Q1 24
$-244.8M
$871.7M
Total Assets
DIN
DIN
VRTS
VRTS
Q4 25
$1.7B
$4.3B
Q3 25
$1.8B
$3.9B
Q2 25
$1.8B
$3.7B
Q1 25
$1.8B
$3.7B
Q4 24
$1.8B
$4.0B
Q3 24
$1.7B
$3.6B
Q2 24
$1.7B
$3.6B
Q1 24
$1.7B
$3.5B
Debt / Equity
DIN
DIN
VRTS
VRTS
Q4 25
0.42×
Q3 25
0.43×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.26×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.29×

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
VRTS
VRTS
Operating Cash FlowLast quarter
$5.7M
$-67.2M
Free Cash FlowOCF − Capex
$-8.6M
$-74.1M
FCF MarginFCF / Revenue
-3.9%
-35.6%
Capex IntensityCapex / Revenue
6.6%
3.3%
Cash ConversionOCF / Net Profit
-1.99×
TTM Free Cash FlowTrailing 4 quarters
$53.4M
$100.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
VRTS
VRTS
Q4 25
$5.7M
$-67.2M
Q3 25
$30.2M
$108.3M
Q2 25
$37.0M
$75.8M
Q1 25
$16.1M
$-3.8M
Q4 24
$30.5M
$1.8M
Q3 24
$25.5M
$69.1M
Q2 24
$21.6M
$70.0M
Q1 24
$30.6M
$-34.5M
Free Cash Flow
DIN
DIN
VRTS
VRTS
Q4 25
$-8.6M
$-74.1M
Q3 25
$18.1M
$106.9M
Q2 25
$31.0M
$74.2M
Q1 25
$12.8M
$-6.8M
Q4 24
$26.7M
$-3.8M
Q3 24
$22.0M
$68.7M
Q2 24
$18.2M
$68.6M
Q1 24
$27.2M
$-36.5M
FCF Margin
DIN
DIN
VRTS
VRTS
Q4 25
-3.9%
-35.6%
Q3 25
8.4%
49.4%
Q2 25
13.4%
35.2%
Q1 25
6.0%
-3.1%
Q4 24
13.0%
-1.6%
Q3 24
11.3%
30.3%
Q2 24
8.8%
30.6%
Q1 24
13.2%
-16.4%
Capex Intensity
DIN
DIN
VRTS
VRTS
Q4 25
6.6%
3.3%
Q3 25
5.6%
0.7%
Q2 25
2.6%
0.7%
Q1 25
1.5%
1.4%
Q4 24
1.9%
2.4%
Q3 24
1.8%
0.2%
Q2 24
1.7%
0.6%
Q1 24
1.6%
0.9%
Cash Conversion
DIN
DIN
VRTS
VRTS
Q4 25
-1.99×
Q3 25
4.12×
3.45×
Q2 25
2.68×
1.77×
Q1 25
1.97×
-0.13×
Q4 24
5.88×
0.04×
Q3 24
1.34×
1.41×
Q2 24
0.93×
2.69×
Q1 24
1.75×
-0.91×

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%

VRTS
VRTS

Open End Funds$68.9M33%
Retail Separate Accounts$51.3M25%
Institutional Accounts$39.6M19%
Administration And Shareholder Service Fees$18.4M9%
Closed End Funds$15.9M8%
Distribution And Service Fees$12.3M6%

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