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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $217.6M, roughly 1.6× Dine Brands Global, Inc.). Dine Brands Global, Inc. runs the higher net margin — -5.6% vs -12.9%, a 7.3% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -0.4%). Dine Brands Global, Inc. produced more free cash flow last quarter ($-8.6M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

DIN vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.6× larger
WD
$340.0M
$217.6M
DIN
Growing faster (revenue YoY)
DIN
DIN
+6.7% gap
DIN
6.3%
-0.4%
WD
Higher net margin
DIN
DIN
7.3% more per $
DIN
-5.6%
-12.9%
WD
More free cash flow
DIN
DIN
$671.5M more FCF
DIN
$-8.6M
$-680.1M
WD
Faster 2-yr revenue CAGR
WD
WD
Annualised
WD
22.1%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIN
DIN
WD
WD
Revenue
$217.6M
$340.0M
Net Profit
$-12.2M
$-13.9M
Gross Margin
42.4%
Operating Margin
-7.6%
-17.2%
Net Margin
-5.6%
-12.9%
Revenue YoY
6.3%
-0.4%
Net Profit YoY
-336.1%
-131.0%
EPS (diluted)
$-0.79
$-0.41

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
WD
WD
Q4 25
$217.6M
$340.0M
Q3 25
$216.2M
$337.7M
Q2 25
$230.8M
$319.2M
Q1 25
$214.8M
$237.4M
Q4 24
$204.8M
$341.5M
Q3 24
$195.0M
$292.3M
Q2 24
$206.3M
$270.7M
Q1 24
$206.2M
$228.1M
Net Profit
DIN
DIN
WD
WD
Q4 25
$-12.2M
$-13.9M
Q3 25
$7.3M
$33.5M
Q2 25
$13.8M
$34.0M
Q1 25
$8.2M
$2.8M
Q4 24
$5.2M
$44.8M
Q3 24
$19.1M
$28.8M
Q2 24
$23.2M
$22.7M
Q1 24
$17.5M
$11.9M
Gross Margin
DIN
DIN
WD
WD
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
WD
WD
Q4 25
-7.6%
-17.2%
Q3 25
4.7%
13.6%
Q2 25
8.2%
14.5%
Q1 25
6.0%
2.2%
Q4 24
3.8%
15.3%
Q3 24
13.6%
12.8%
Q2 24
15.1%
10.4%
Q1 24
11.7%
6.0%
Net Margin
DIN
DIN
WD
WD
Q4 25
-5.6%
-12.9%
Q3 25
3.4%
9.9%
Q2 25
6.0%
10.6%
Q1 25
3.8%
1.2%
Q4 24
2.5%
13.1%
Q3 24
9.8%
9.9%
Q2 24
11.2%
8.4%
Q1 24
8.5%
5.2%
EPS (diluted)
DIN
DIN
WD
WD
Q4 25
$-0.79
$-0.41
Q3 25
$0.48
$0.98
Q2 25
$0.89
$0.99
Q1 25
$0.53
$0.08
Q4 24
$0.35
$1.32
Q3 24
$1.24
$0.85
Q2 24
$1.50
$0.67
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
WD
WD
Cash + ST InvestmentsLiquidity on hand
$128.2M
$299.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$-273.9M
$1.7B
Total Assets
$1.7B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
WD
WD
Q4 25
$128.2M
$299.3M
Q3 25
$167.9M
$274.8M
Q2 25
$194.2M
$233.7M
Q1 25
$186.5M
$181.0M
Q4 24
$186.7M
$279.3M
Q3 24
$169.6M
$179.8M
Q2 24
$153.5M
$208.1M
Q1 24
$145.0M
$216.5M
Total Debt
DIN
DIN
WD
WD
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
WD
WD
Q4 25
$-273.9M
$1.7B
Q3 25
$-231.9M
$1.8B
Q2 25
$-212.5M
$1.8B
Q1 25
$-215.7M
$1.7B
Q4 24
$-216.0M
$1.7B
Q3 24
$-216.7M
$1.7B
Q2 24
$-231.7M
$1.7B
Q1 24
$-244.8M
$1.7B
Total Assets
DIN
DIN
WD
WD
Q4 25
$1.7B
$5.1B
Q3 25
$1.8B
$5.8B
Q2 25
$1.8B
$4.7B
Q1 25
$1.8B
$4.5B
Q4 24
$1.8B
$4.4B
Q3 24
$1.7B
$4.6B
Q2 24
$1.7B
$4.2B
Q1 24
$1.7B
$3.8B

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
WD
WD
Operating Cash FlowLast quarter
$5.7M
$-664.3M
Free Cash FlowOCF − Capex
$-8.6M
$-680.1M
FCF MarginFCF / Revenue
-3.9%
-200.0%
Capex IntensityCapex / Revenue
6.6%
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$53.4M
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
WD
WD
Q4 25
$5.7M
$-664.3M
Q3 25
$30.2M
$-948.1M
Q2 25
$37.0M
$-238.5M
Q1 25
$16.1M
$-281.1M
Q4 24
$30.5M
$129.4M
Q3 24
$25.5M
$-202.0M
Q2 24
$21.6M
$-237.8M
Q1 24
$30.6M
$38.4M
Free Cash Flow
DIN
DIN
WD
WD
Q4 25
$-8.6M
$-680.1M
Q3 25
$18.1M
$-950.4M
Q2 25
$31.0M
$-241.0M
Q1 25
$12.8M
$-284.7M
Q4 24
$26.7M
$116.4M
Q3 24
$22.0M
$-204.0M
Q2 24
$18.2M
$-241.7M
Q1 24
$27.2M
$35.2M
FCF Margin
DIN
DIN
WD
WD
Q4 25
-3.9%
-200.0%
Q3 25
8.4%
-281.5%
Q2 25
13.4%
-75.5%
Q1 25
6.0%
-120.0%
Q4 24
13.0%
34.1%
Q3 24
11.3%
-69.8%
Q2 24
8.8%
-89.3%
Q1 24
13.2%
15.4%
Capex Intensity
DIN
DIN
WD
WD
Q4 25
6.6%
4.6%
Q3 25
5.6%
0.7%
Q2 25
2.6%
0.8%
Q1 25
1.5%
1.5%
Q4 24
1.9%
3.8%
Q3 24
1.8%
0.7%
Q2 24
1.7%
1.4%
Q1 24
1.6%
1.4%
Cash Conversion
DIN
DIN
WD
WD
Q4 25
Q3 25
4.12×
-28.34×
Q2 25
2.68×
-7.02×
Q1 25
1.97×
-102.07×
Q4 24
5.88×
2.89×
Q3 24
1.34×
-7.01×
Q2 24
0.93×
-10.49×
Q1 24
1.75×
3.24×

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%

WD
WD

Segment breakdown not available.

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