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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and Wingstop Inc. (WING). 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 $175.7M, roughly 1.2× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 15.2% vs -5.6%, a 20.9% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (8.6% vs 6.3%). Wingstop Inc. produced more free cash flow last quarter ($34.5M vs $-8.6M). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (9.8% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
DIN vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $175.7M |
| Net Profit | $-12.2M | $26.8M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | 26.7% |
| Net Margin | -5.6% | 15.2% |
| Revenue YoY | 6.3% | 8.6% |
| Net Profit YoY | -336.1% | 0.0% |
| EPS (diluted) | $-0.79 | $0.99 |
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 | $175.7M | ||
| Q3 25 | $216.2M | $175.7M | ||
| Q2 25 | $230.8M | $174.3M | ||
| Q1 25 | $214.8M | $171.1M | ||
| Q4 24 | $204.8M | $161.8M | ||
| Q3 24 | $195.0M | $162.5M | ||
| Q2 24 | $206.3M | $155.7M | ||
| Q1 24 | $206.2M | $145.8M |
| Q4 25 | $-12.2M | $26.8M | ||
| Q3 25 | $7.3M | $28.5M | ||
| Q2 25 | $13.8M | $26.8M | ||
| Q1 25 | $8.2M | $92.3M | ||
| Q4 24 | $5.2M | $26.8M | ||
| Q3 24 | $19.1M | $25.7M | ||
| Q2 24 | $23.2M | $27.5M | ||
| Q1 24 | $17.5M | $28.7M |
| Q4 25 | 42.4% | — | ||
| Q3 25 | 39.1% | — | ||
| Q2 25 | 40.0% | — | ||
| Q1 25 | 42.0% | — | ||
| Q4 24 | 41.7% | 85.6% | ||
| Q3 24 | 47.8% | 85.0% | ||
| Q2 24 | 48.1% | 85.4% | ||
| Q1 24 | 47.2% | 85.4% |
| Q4 25 | -7.6% | 26.7% | ||
| Q3 25 | 4.7% | 27.9% | ||
| Q2 25 | 8.2% | 25.9% | ||
| Q1 25 | 6.0% | 22.4% | ||
| Q4 24 | 3.8% | 25.9% | ||
| Q3 24 | 13.6% | 24.5% | ||
| Q2 24 | 15.1% | 26.5% | ||
| Q1 24 | 11.7% | 29.3% |
| Q4 25 | -5.6% | 15.2% | ||
| Q3 25 | 3.4% | 16.2% | ||
| Q2 25 | 6.0% | 15.4% | ||
| Q1 25 | 3.8% | 53.9% | ||
| Q4 24 | 2.5% | 16.5% | ||
| Q3 24 | 9.8% | 15.8% | ||
| Q2 24 | 11.2% | 17.7% | ||
| Q1 24 | 8.5% | 19.7% |
| Q4 25 | $-0.79 | $0.99 | ||
| Q3 25 | $0.48 | $1.02 | ||
| Q2 25 | $0.89 | $0.96 | ||
| Q1 25 | $0.53 | $3.24 | ||
| Q4 24 | $0.35 | $0.91 | ||
| Q3 24 | $1.24 | $0.88 | ||
| Q2 24 | $1.50 | $0.93 | ||
| Q1 24 | $1.13 | $0.98 |
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 | $196.6M |
| Total DebtLower is stronger | $1.2B | $1.2B |
| Stockholders' EquityBook value | $-273.9M | $-736.8M |
| Total Assets | $1.7B | $693.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.2M | $196.6M | ||
| Q3 25 | $167.9M | $237.6M | ||
| Q2 25 | $194.2M | $227.9M | ||
| Q1 25 | $186.5M | $251.4M | ||
| Q4 24 | $186.7M | $315.9M | ||
| Q3 24 | $169.6M | $84.0M | ||
| Q2 24 | $153.5M | $96.7M | ||
| Q1 24 | $145.0M | $108.3M |
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $-273.9M | $-736.8M | ||
| Q3 25 | $-231.9M | $-702.6M | ||
| Q2 25 | $-212.5M | $-686.0M | ||
| Q1 25 | $-215.7M | $-715.0M | ||
| Q4 24 | $-216.0M | $-675.6M | ||
| Q3 24 | $-216.7M | $-447.5M | ||
| Q2 24 | $-231.7M | $-437.5M | ||
| Q1 24 | $-244.8M | $-434.4M |
| Q4 25 | $1.7B | $693.4M | ||
| Q3 25 | $1.8B | $721.0M | ||
| Q2 25 | $1.8B | $708.3M | ||
| Q1 25 | $1.8B | $696.8M | ||
| Q4 24 | $1.8B | $716.2M | ||
| Q3 24 | $1.7B | $484.8M | ||
| Q2 24 | $1.7B | $451.8M | ||
| Q1 24 | $1.7B | $412.3M |
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 | $57.3M |
| Free Cash FlowOCF − Capex | $-8.6M | $34.5M |
| FCF MarginFCF / Revenue | -3.9% | 19.6% |
| Capex IntensityCapex / Revenue | 6.6% | 13.0% |
| Cash ConversionOCF / Net Profit | — | 2.14× |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $105.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $57.3M | ||
| Q3 25 | $30.2M | $63.9M | ||
| Q2 25 | $37.0M | $6.6M | ||
| Q1 25 | $16.1M | $25.3M | ||
| Q4 24 | $30.5M | $7.7M | ||
| Q3 24 | $25.5M | $69.0M | ||
| Q2 24 | $21.6M | $36.2M | ||
| Q1 24 | $30.6M | $44.7M |
| Q4 25 | $-8.6M | $34.5M | ||
| Q3 25 | $18.1M | $61.7M | ||
| Q2 25 | $31.0M | $-7.8M | ||
| Q1 25 | $12.8M | $17.3M | ||
| Q4 24 | $26.7M | $-8.6M | ||
| Q3 24 | $22.0M | $54.9M | ||
| Q2 24 | $18.2M | $25.9M | ||
| Q1 24 | $27.2M | $33.5M |
| Q4 25 | -3.9% | 19.6% | ||
| Q3 25 | 8.4% | 35.1% | ||
| Q2 25 | 13.4% | -4.5% | ||
| Q1 25 | 6.0% | 10.1% | ||
| Q4 24 | 13.0% | -5.3% | ||
| Q3 24 | 11.3% | 33.8% | ||
| Q2 24 | 8.8% | 16.6% | ||
| Q1 24 | 13.2% | 23.0% |
| Q4 25 | 6.6% | 13.0% | ||
| Q3 25 | 5.6% | 1.3% | ||
| Q2 25 | 2.6% | 8.2% | ||
| Q1 25 | 1.5% | 4.7% | ||
| Q4 24 | 1.9% | 10.1% | ||
| Q3 24 | 1.8% | 8.7% | ||
| Q2 24 | 1.7% | 6.6% | ||
| Q1 24 | 1.6% | 7.7% |
| Q4 25 | — | 2.14× | ||
| Q3 25 | 4.12× | 2.24× | ||
| Q2 25 | 2.68× | 0.25× | ||
| Q1 25 | 1.97× | 0.27× | ||
| Q4 24 | 5.88× | 0.29× | ||
| Q3 24 | 1.34× | 2.68× | ||
| Q2 24 | 0.93× | 1.32× | ||
| Q1 24 | 1.75× | 1.55× |
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% |
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
