Dine Brands Global, Inc. (DIN) 10-Year Financial Performance & Capital Metrics

DIN • • Industrial / General

Consumer CyclicalRestaurantsCasual DiningFamily & Diner Casual

AboutDine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through five segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill + Bar in the bar and grill segment of the casual dining category; and IHOP in the family dining category of the restaurant industry. Its Applebee's restaurants offer American fare with drinks and drafts; and IHOP restaurants provide full table services, and food and beverage offerings. As of December 31, 2021, the company had 1,611 Applebee's franchised restaurants, and 1,751 IHOP franchised and area licensed restaurants. It is also involved in the lease or sublease of 598 IHOP franchised restaurants and two Applebee's franchised restaurants; and the financing of franchise fees and equipment leases. the company was formerly known as DineEquity, Inc. and changed its name to Dine Brands Global, Inc. in February 2018. Dine Brands Global, Inc. was founded in 1958 and is headquartered in Glendale, California.Show more

Revenue $812M -2.3%
EBITDA $207M -7.3%
Net Income $65M -33.2%
EPS (Diluted) 4.22 -32.2%
Gross Margin 46.2% -3.2%
EBITDA Margin 25.47% -5.2%
Operating Margin 20.65% -8.6%
Net Margin 7.99% -31.7%
ROE -
ROIC 10.43% -12.5%
Debt/Equity -
Interest Coverage 2.33 -13.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 5.4%
✓Share count reduced 2.0% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.18%

5Y-2.25%

3Y-3.22%

TTM6.47%

Profit (Net Income) CAGR

10Y5.94%

5Y-9.06%

3Y-12.8%

TTM-62.79%

EPS CAGR

10Y8.31%

5Y-6.32%

3Y-9.32%

TTM-62.73%

ROCE

10Y Avg11.3%

5Y Avg11.11%

3Y Avg12.82%

Latest12.78%

Peer Comparison

Family & Diner Casual

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BJRIBJ's Restaurants, Inc.	961.63M	45.50	65	1.81%	1.99%	7.12%	2.56%	1.35
FWRGFirst Watch Restaurant Group, Inc.	1.02B	16.72	55.73	13.95%	0.24%	0.44%		1.36
DRIDarden Restaurants, Inc.	24.68B	214.33	24.19	6.03%	8.9%	49.43%	4.19%	2.70
EATBrinker International, Inc.	7.41B	166.71	20.04	21.95%	7.94%	129.14%	5.59%	4.57
CAKEThe Cheesecake Factory Incorporated	3.03B	60.75	18.98	4.13%	4.33%	39.63%	3.57%	4.30
CBRLCracker Barrel Old Country Store, Inc.	819.44M	36.70	17.82	0.37%	1.33%	10.05%	7.35%	2.44
DENNDenny's Corporation	322.38M	6.26	15.27	-2.5%	3.53%		0.28%
BDLFlanigan's Enterprises, Inc.	59.59M	32.06	11.83	8.99%	2.45%	6.36%	7.85%	0.60

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	681.1M	787.57M	731.73M	780.93M	910.18M	689.27M	896.17M	909.4M	831.07M	812.31M
Revenue Growth %	0.04%	0.16%	-0.07%	0.07%	0.17%	-0.24%	0.3%	0.01%	-0.09%	-0.02%
Cost of Goods Sold+	282.09M	403.42M	393.01M	427.84M	527.36M	440.55M	520.94M	532.04M	434.38M	437M
COGS % of Revenue	0.41%	0.51%	0.54%	0.55%	0.58%	0.64%	0.58%	0.59%	0.52%	0.54%
Gross Profit+	399.01M	384.15M	338.71M	353.09M	382.81M	248.72M	375.23M	377.36M	396.68M	375.31M
Gross Margin %	0.59%	0.49%	0.46%	0.45%	0.42%	0.36%	0.42%	0.41%	0.48%	0.46%
Gross Profit Growth %	0.06%	-0.04%	-0.12%	0.04%	0.08%	-0.35%	0.51%	0.01%	0.05%	-0.05%
Operating Expenses+	399.01M	384.15M	338.71M	353.09M	174.52M	155.69M	182.52M	201.31M	208.98M	207.53M
OpEx % of Revenue	0.59%	0.49%	0.46%	0.45%	0.19%	0.23%	0.2%	0.22%	0.25%	0.26%
Selling, General & Admin	155.43M	148.94M	165.68M	166.68M	162.81M	144.79M	171.84M	190.75M	198.06M	196.7M
SG&A % of Revenue	0.23%	0.19%	0.23%	0.21%	0.18%	0.21%	0.19%	0.21%	0.24%	0.24%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	243.58M	235.21M	173.03M	186.4M	11.7M	10.9M	10.68M	10.56M	10.92M	10.83M
Operating Income+	233.58M	225.23M	163.02M	176.3M	208.3M	93.02M	192.71M	176.05M	187.7M	167.78M
Operating Margin %	0.34%	0.29%	0.22%	0.23%	0.23%	0.13%	0.22%	0.19%	0.23%	0.21%
Operating Income Growth %	0.08%	-0.04%	-0.28%	0.08%	0.18%	-0.55%	1.07%	-0.09%	0.07%	-0.11%
EBITDA+	266.42M	255.84M	193.67M	208.47M	250.79M	135.85M	232.59M	214M	223.33M	206.93M
EBITDA Margin %	0.39%	0.32%	0.26%	0.27%	0.28%	0.2%	0.26%	0.24%	0.27%	0.25%
EBITDA Growth %	0.06%	-0.04%	-0.24%	0.08%	0.2%	-0.46%	0.71%	-0.08%	0.04%	-0.07%
D&A (Non-Cash Add-back)	32.84M	30.61M	30.65M	32.17M	42.49M	42.83M	39.88M	37.95M	35.63M	39.15M
EBIT	231.9M	219.33M	-366.33M	172.29M	198.87M	-41.67M	185.22M	175.74M	181.75M	161.69M
Net Interest Income+	-63.25M	-61.48M	-61.98M	-61.69M	-60.39M	-66.89M	-63.3M	-60.95M	-70.05M	-72.14M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	63.25M	61.48M	61.98M	61.69M	60.39M	66.89M	63.3M	60.95M	70.05M	72.14M
Other Income/Expense	-64.93M	-67.38M	-591.33M	-65.69M	-69.82M	-201.58M	-70.78M	-61.27M	-76M	-78.23M
Pretax Income+	168.65M	157.85M	-428.31M	110.61M	138.47M	-108.56M	121.92M	114.78M	111.7M	89.54M
Pretax Margin %	0.25%	0.2%	-0.59%	0.14%	0.15%	-0.16%	0.14%	0.13%	0.13%	0.11%
Income Tax+	63.73M	56.85M	-85.56M	30.25M	34.13M	-4.57M	24.06M	33.67M	14.53M	24.65M
Effective Tax Rate %	0.62%	0.64%	0.8%	0.73%	0.75%	0.96%	0.8%	0.71%	0.87%	0.72%
Net Income+	104.92M	101M	-342.75M	80.35M	104.35M	-103.99M	97.86M	81.11M	97.18M	64.89M
Net Margin %	0.15%	0.13%	-0.47%	0.1%	0.11%	-0.15%	0.11%	0.09%	0.12%	0.08%
Net Income Growth %	1.88%	-0.04%	-4.39%	1.23%	0.3%	-2%	1.94%	-0.17%	0.2%	-0.33%
Net Income (Continuing)	104.92M	101M	-342.75M	80.35M	104.35M	-103.99M	97.86M	81.11M	97.18M	64.89M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.52	5.33	-18.63	4.52	5.85	-6.41	5.66	4.96	6.22	4.22
EPS Growth %	1.91%	-0.03%	-4.5%	1.24%	0.29%	-2.1%	1.88%	-0.12%	0.25%	-0.32%
EPS (Basic)	5.55	5.36	-18.65	4.58	5.95	-6.41	5.69	4.97	6.23	4.22
Diluted Shares Outstanding	18.77M	18.13M	17.74M	17.79M	17.25M	16.23M	16.89M	15.9M	15.24M	14.93M
Basic Shares Outstanding	18.64M	18.03M	17.73M	17.53M	16.93M	16.23M	16.8M	15.87M	15.23M	14.93M
Dividend Payout Ratio	0.63%	0.67%	-	0.64%	0.45%	-	-	0.38%	0.33%	0.48%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	372.71M	366.15M	385.63M	382.19M	346.92M	586.51M	574.35M	479.76M	357.78M	386M
Cash & Short-Term Investments	144.78M	140.53M	117.01M	137.16M	116.04M	383.37M	361.41M	269.65M	146.03M	186.65M
Cash Only	144.78M	140.53M	117.01M	137.16M	116.04M	383.37M	361.41M	269.65M	146.03M	186.65M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	139.21M	141.39M	140.19M	137.5M	136.87M	121.9M	119.97M	119.98M	127.94M	115.22M
Days Sales Outstanding	74.6	65.53	69.93	64.27	54.89	64.55	48.86	48.16	56.19	51.77
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	36.74M	34.63M	44.05M	51.92M	44.64M	45.98M	54.27M	56.83M	50.82M	54.13M
Total Non-Current Assets+	1.96B	1.91B	1.35B	1.39B	1.7B	1.49B	1.42B	1.4B	1.38B	1.4B
Property, Plant & Equipment	219.6M	205.1M	199.6M	240.3M	583.33M	534.09M	514.83M	434.42M	437.11M	479.57M
Fixed Asset Turnover	3.10x	3.84x	3.67x	3.25x	1.56x	1.29x	1.74x	2.09x	1.90x	1.69x
Goodwill	697.47M	697.47M	339.2M	345.3M	343.9M	251.6M	251.6M	254M	254.1M	248.6M
Intangible Assets	772.9M	763.4M	583.1M	585.9M	575M	549.7M	539.4M	597M	586M	575.7M
Long-Term Investments	0	0	0	0	0	0	0	0	0	55.37M
Other Non-Current Assets	269.14M	246.48M	228.38M	221.02M	200.28M	153.08M	119.16M	116.34M	105.31M	45.33M
Total Assets+	2.33B	2.28B	1.74B	1.77B	2.05B	2.07B	2B	1.88B	1.74B	1.79B
Asset Turnover	0.29x	0.35x	0.42x	0.44x	0.44x	0.33x	0.45x	0.48x	0.48x	0.45x
Asset Growth %	-0.03%	-0.02%	-0.24%	0.02%	0.15%	0.01%	-0.04%	-0.06%	-0.08%	0.03%
Total Current Liabilities+	298.43M	286.31M	304.92M	316.19M	357.91M	348.57M	410.73M	470.72M	460.45M	445.31M
Accounts Payable	55.02M	50.5M	55.03M	43.47M	40.92M	37.42M	55.96M	52.07M	36.19M	37.72M
Days Payables Outstanding	71.19	45.69	51.11	37.08	28.33	31.01	39.21	35.72	30.41	31.5
Short-Term Debt	0	0	12.96M	25M	0	13M	0	100M	100M	100M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	25.09M	14.61M	13.55M	27.48M	23.9M	21.24M	40.78M	23.46M	23.21M	16.67M
Current Ratio	1.25x	1.28x	1.26x	1.21x	0.97x	1.68x	1.40x	1.02x	0.78x	0.87x
Quick Ratio	1.25x	1.28x	1.26x	1.21x	0.97x	1.68x	1.40x	1.02x	0.78x	0.87x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.77B	1.74B	1.65B	1.66B	1.93B	2.08B	1.83B	1.71B	1.53B	1.56B
Long-Term Debt	1.28B	1.28B	1.27B	1.27B	1.29B	1.49B	1.28B	1.24B	1.08B	1.09B
Capital Lease Obligations	127.18M	114.16M	101.09M	126.24M	474.1M	446.97M	412.44M	333.86M	330.47M	368.01M
Deferred Tax Liabilities	269.47M	253.9M	117.67M	105.82M	98.5M	78.29M	76.23M	74.65M	60.83M	54.57M
Other Non-Current Liabilities	90.05M	88.74M	87.18M	90.06M	15.63M	11.53M	17.07M	19.1M	16.35M	15.46M
Total Liabilities	2.06B	2.03B	1.95B	1.98B	2.29B	2.43B	2.24B	2.18B	1.99B	2.01B
Total Debt+	1.42B	1.41B	1.4B	1.44B	1.85B	2.03B	1.77B	1.74B	1.59B	1.63B
Net Debt	1.28B	1.27B	1.28B	1.3B	1.73B	1.65B	1.41B	1.47B	1.44B	1.44B
Debt / Equity	5.32x	5.58x	-	-	-	-	-	-	-	-
Debt / EBITDA	5.33x	5.51x	7.22x	6.90x	7.37x	14.96x	7.63x	8.14x	7.10x	7.86x
Net Debt / EBITDA	4.79x	4.96x	6.61x	6.25x	6.91x	12.14x	6.08x	6.88x	6.45x	6.96x
Interest Coverage	3.69x	3.66x	2.63x	2.86x	3.45x	1.39x	3.04x	2.89x	2.68x	2.33x
Total Equity+	267.22M	252.77M	-215.54M	-202.27M	-241.77M	-354.65M	-242.81M	-301.08M	-250.97M	-216.02M
Equity Growth %	-0.04%	-0.05%	-1.85%	0.06%	-0.2%	-0.47%	0.32%	-0.24%	0.17%	0.14%
Book Value per Share	14.24	13.95	-12.15	-11.37	-14.02	-21.85	-14.38	-18.93	-16.47	-14.47
Total Shareholders' Equity	267.22M	252.77M	-215.54M	-202.27M	-241.77M	-354.65M	-242.81M	-301.08M	-250.97M	-216.02M
Common Stock	252K	251K	250K	250K	249K	249K	250K	250K	249K	248K
Retained Earnings	351.92M	382.08M	-69.94M	10.41M	61.65M	-55.55M	35.41M	84.54M	150.01M	183.61M
Treasury Stock	-371.8M	-422.26M	-422.15M	-450.6M	-549.81M	-556.92M	-534.6M	-645.15M	-657.71M	-654.62M
Accumulated OCI	-107K	-107K	-105K	-60K	-58K	-55K	-59K	-65K	-64K	-76K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	135.51M	118.11M	65.73M	140.35M	155.18M	96.5M	195.84M	89.34M	131.14M	108.16M
Operating CF Margin %	0.2%	0.15%	0.09%	0.18%	0.17%	0.14%	0.22%	0.1%	0.16%	0.13%
Operating CF Growth %	0.14%	-0.13%	-0.44%	1.14%	0.11%	-0.38%	1.03%	-0.54%	0.47%	-0.18%
Net Income	104.92M	101M	-342.75M	80.35M	104.35M	-103.99M	97.86M	81.11M	97.18M	64.89M
Depreciation & Amortization	32.84M	30.61M	30.65M	32.17M	42.49M	42.83M	39.88M	37.95M	35.63M	39.15M
Stock-Based Compensation	8.89M	10.93M	10.75M	10.55M	10.81M	12.51M	11.58M	16.13M	11.99M	15.98M
Deferred Taxes	-9.13M	-11.58M	-136.13M	-11.85M	-5.49M	-20.05M	-2.06M	-1.07M	-13.82M	-6.52M
Other Non-Cash Items	-6.37M	-1.04M	521.57M	-1.32M	1.53M	128.91M	2.05M	-6.23M	1.69M	-1.1M
Working Capital Changes	4.35M	-11.8M	-18.36M	30.44M	1.49M	36.3M	46.52M	-38.56M	-1.53M	-4.24M
Change in Receivables	-5.24M	3.82M	-8.43M	3.15M	-396K	-9.75M	7.3M	-2.57M	1.91M	-671K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	4.55M	89K	7.21M	-9.94M	583K	6.46M	13.13M	-3.67M	-16.03M	1.03M
Cash from Investing+	25.2M	12.55M	7.67M	-14.8M	-153K	18.73M	3.86M	-80.9M	-30.1M	-8.45M
Capital Expenditures	-6.64M	-5.64M	-13.37M	-14.28M	-19.42M	-10.93M	-16.85M	-35.32M	-37.17M	-14.07M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.04%	0.04%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	31.84M	18.19M	21.05M	19.63M	19.27M	29.65M	20.71M	32.68M	7.18M	14.07M
Cash from Financing+	-139.66M	-137.18M	-95.75M	-88.31M	-182.93M	168.35M	-230.4M	-108.8M	-225.44M	-51.7M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-66.16M	-67.43M	-69.79M	-51.13M	-46.86M	-23.93M	0	-30.77M	-31.71M	-31.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	10.74M	-431K	239K	-1.68M	-1.26M	20.32M	15.55M	-7M	-5.09M	-30K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	128.87M	112.47M	52.36M	126.07M	135.76M	85.58M	178.99M	54.02M	93.97M	94.09M
FCF Margin %	0.19%	0.14%	0.07%	0.16%	0.15%	0.12%	0.2%	0.06%	0.11%	0.12%
FCF Growth %	0.14%	-0.13%	-0.53%	1.41%	0.08%	-0.37%	1.09%	-0.7%	0.74%	0%
FCF per Share	6.87	6.21	2.95	7.09	7.87	5.27	10.60	3.40	6.17	6.30
FCF Conversion (FCF/Net Income)	1.29x	1.17x	-0.19x	1.75x	1.49x	-0.93x	2.00x	1.10x	1.35x	1.67x
Interest Paid	81.81M	69.05M	67.52M	66.06M	66.1M	69.21M	65.23M	64.6M	73.98M	79.23M
Taxes Paid	70.69M	69.81M	59.53M	34.25M	44.75M	11.87M	31.3M	28.09M	28.41M	38.33M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	38.41%	38.85%	-1841.16%	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	11.12%	11.02%	9.45%	12.21%	12.06%	5.01%	11.72%	11.27%	11.93%	10.43%
Gross Margin	58.58%	48.78%	46.29%	45.21%	42.06%	36.08%	41.87%	41.5%	47.73%	46.2%
Net Margin	15.4%	12.82%	-46.84%	10.29%	11.46%	-15.09%	10.92%	8.92%	11.69%	7.99%
Debt / Equity	5.32x	5.58x	-	-	-	-	-	-	-	-
Interest Coverage	3.69x	3.66x	2.63x	2.86x	3.45x	1.39x	3.04x	2.89x	2.68x	2.33x
FCF Conversion	1.29x	1.17x	-0.19x	1.75x	1.49x	-0.93x	2.00x	1.10x	1.35x	1.67x
Revenue Growth	3.99%	15.63%	-7.09%	6.72%	16.55%	-24.27%	30.02%	1.48%	-8.61%	-2.26%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Franchisor	494.7M	484.4M	467.5M	643.93M	651.19M	469.45M	631.94M	662.44M	706.37M	685.96M
Franchisor Growth	-	-2.08%	-3.49%	37.74%	1.13%	-27.91%	34.61%	4.83%	6.63%	-2.89%
Rental Operations	127.7M	123M	121.4M	121.9M	120.67M	105.94M	113.93M	116.49M	119.97M	115.29M
Rental Operations Growth	-	-3.68%	-1.30%	0.41%	-1.01%	-12.20%	7.55%	2.25%	2.99%	-3.90%
Company Restaurants	47.9M	17.4M	7.5M	7.1M	131.21M	108.05M	146M	126.87M	2.13M	9.26M
Company Restaurants Growth	-	-63.67%	-56.90%	-5.33%	1748.08%	-17.65%	35.12%	-13.10%	-98.32%	335.24%
Financing Operations	10.8M	9.2M	8.4M	8M	7.11M	5.82M	4.3M	3.6M	2.6M	1.8M
Financing Operations Growth	-	-14.81%	-8.70%	-4.76%	-11.10%	-18.14%	-26.18%	-16.15%	-27.72%	-30.98%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

Frequently Asked Questions

Valuation & Price

Dine Brands Global, Inc. (DIN) has a price-to-earnings (P/E) ratio of 9.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Dine Brands Global, Inc. (DIN) reported $866.5M in revenue for fiscal year 2024. This represents a 19% decrease from $1.08B in 2011.

Dine Brands Global, Inc. (DIN) saw revenue decline by 2.3% over the past year.

Yes, Dine Brands Global, Inc. (DIN) is profitable, generating $34.5M in net income for fiscal year 2024 (8.0% net margin).

Dividend & Returns

Yes, Dine Brands Global, Inc. (DIN) pays a dividend with a yield of 5.44%. This makes it attractive for income-focused investors.

Dine Brands Global, Inc. (DIN) generated $87.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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