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DIN

Dine Brands Global, Inc.

DIN

Dine Brands Global, Inc. • NYSE
$31.25 ▼ -0.13% (-0.04)
Market Cap $462.16 M
52w High $35.82
52w Low $18.63
Dividend Yield 2.04%
P/E 13.95
Volume 202.65K
Outstanding Shares 14.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $216.166M ▼ $50.689M ▼ $7.326M ▼ 3.389% ▼ $0.48 ▼ $41.413M ▼
Q2-2025 $230.784M ▲ $53.463M ▼ $13.814M ▲ 5.986% ▲ $0.89 ▲ $47.188M ▲
Q1-2025 $214.78M ▲ $54.053M ▼ $8.197M ▲ 3.816% ▲ $0.53 ▲ $40.884M ▲
Q4-2024 $204.77M ▲ $54.93M ▲ $5.174M ▼ 2.527% ▼ $0.34 ▼ $35.764M ▼
Q3-2024 $195.034M $48.114M $19.061M 9.773% $1.24 $54.487M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $229.113M ▲ $1.774B ▼ $2.006B ▲ $-231.918M ▼
Q2-2025 $194.201M ▲ $1.79B ▲ $2.002B ▲ $-212.545M ▲
Q1-2025 $186.505M ▼ $1.766B ▼ $1.982B ▼ $-215.746M ▲
Q4-2024 $186.65M ▲ $1.791B ▲ $2.007B ▲ $-216.019M ▲
Q3-2024 $169.636M $1.7B $1.916B $-216.67M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.326M ▼ $30.197M ▼ $-10.642M ▼ $-31.646M ▼ $-12.091M ▼ $16.645M ▼
Q2-2025 $13.814M ▲ $36.972M ▲ $-3.305M ▼ $-20.907M ▼ $12.76M ▲ $31.034M ▲
Q1-2025 $8.197M ▲ $16.133M ▼ $-1.88M ▲ $-12.407M ▼ $1.846M ▼ $12.808M ▼
Q4-2024 $5.174M ▼ $30.466M ▲ $-7.79M ▼ $-9.188M ▲ $13.488M ▼ $26.702M ▲
Q3-2024 $19.061M $25.515M $411K $-9.207M $16.719M $21.989M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Company Restaurants
Company Restaurants
 $10.00M ▲$20.00M ▲$30.00M ▲$30.00M ▲
Franchisor
Franchisor
 $170.00M ▲$170.00M ▲$170.00M ▲$160.00M ▼
Financing Operations
Financing Operations
 $0 ▲$0 ▲$0 ▲$0 ▲
Rental Operations
Rental Operations
 $30.00M ▲$30.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Dine Brands’ sales have been fairly steady over the last few years, but growth has cooled after the strong rebound from the pandemic. Profitability at the operating level looks reasonably solid for a franchise-heavy restaurant group, suggesting the core business model still throws off good margins. However, bottom-line earnings have been uneven, with a noticeable step down in the most recent year compared with the prior one, pointing to either softer demand, higher costs, or both. Overall, this looks like a mature, cash-generative business facing a tougher environment rather than a fast-growing story.

Balance Sheet

Balance Sheet The balance sheet is highly leveraged, with a large amount of debt relative to the size of the company and a capital structure that shows negative reported equity. That pattern is common for asset-light franchisors that rely on debt and shareholder payouts, but it still means financial risk is meaningful and flexibility can be limited if conditions worsen. Cash on hand has drifted lower from earlier peaks, while overall assets have slowly edged down, indicating a balance sheet that is being managed tightly rather than built up for expansion. The key watchpoint here is the company’s ability to comfortably service and gradually reduce its sizable debt load.

Cash Flow

Cash Flow Cash generation from the underlying business has been consistently positive, even through challenging periods, which is a clear strength. The company spends relatively little on capital expenditures, so most of its operating cash flow turns into free cash flow that can support debt service, dividends, or other uses. That said, cash flow has not been trending sharply higher; it looks more stable than growing, which may limit how quickly leverage can come down. In short, the cash profile is dependable but not explosive, and its adequacy relative to the debt burden is a central consideration.

Competitive Edge

Competitive Edge Dine Brands benefits from well-known, nationwide brands in Applebee’s and IHOP, plus the emerging Fuzzy’s Taco Shop concept, giving it broad exposure across casual and family dining. Its franchise model allows wide reach with relatively low capital needs at the corporate level, and its focus on value-oriented menus tends to resonate when consumers are careful with spending. At the same time, the company operates in a very crowded space, with intense competition from other casual dining, fast-casual, and delivery-focused players. Maintaining menu relevance, promotional appeal, and healthy franchisee economics is critical to preventing traffic erosion and brand fatigue.

Innovation and R&D

Innovation and R&D The company is leaning heavily into digital and AI-driven tools to sharpen marketing, personalize offers, and streamline ordering, especially for takeout and delivery. Its “AI Innovation Foundry” underscores a deliberate push to stay ahead in technology, which is notable for a traditional restaurant group. Beyond tech, Dine Brands is experimenting with dual-branded Applebee’s–IHOP locations, updated restaurant designs, and menu innovations across all brands, including alcoholic beverages at IHOP and bar-forward concepts at Fuzzy’s. The opportunity is to squeeze more sales out of existing brands and formats, but execution risk is real, particularly around franchisee adoption and consistent guest experience.

Summary

Overall, Dine Brands looks like a mature, brand-rich, franchise-focused restaurant operator that still generates solid cash but faces a slow-growth, highly competitive landscape. Strengths include recognizable concepts, an asset-light model, steady free cash flow, and a clear push into technology and new formats like dual-branded stores. Key concerns center on high leverage, negative equity, modest recent revenue softness, and the need to keep franchisees profitable and engaged. The company’s future trajectory will largely depend on how well it balances debt management with investment in innovation, while defending traffic and value perception in a challenging consumer environment.

NEWS

November 5, 2025 · 6:30 AM UTC

Dine Brands Global, Inc. Reports Third Quarter 2025 Results

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November 4, 2025 · 8:00 AM UTC

Applebee's Recognizes Franchisees for Restaurant Performance, Innovation and Community Engagement

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November 3, 2025 · 10:06 AM UTC

Fuzzy's Tacos and Margs Expands in Houston Area With New Kingwood Restaurant

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October 20, 2025 · 8:00 AM UTC

Applebee's® Announces Return of FREE Boneless Wings on Halloween for Online Orders

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October 15, 2025 · 9:00 AM UTC

Dine Brands Global, Inc. to Release Third Quarter 2025 Earnings On November 5, 2025

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