Recent News
On November 5, 2025 the company released third-quarter 2025 results highlighting sustained sales and traffic improvement and continued traction for the dual-brand concept. On September 4, 2025 the Board declared a quarterly cash dividend of $0.51 per share payable October 8, 2025. Dine Brands disclosed plans to scale U.S. dual-branded Applebee’s/IHOP restaurants, targeting roughly 80 co-branded units by the end of 2026 with about 30 opened or under construction by year-end.
Technical Analysis
Directional indicators: DI+ sits at 25.12 and is increasing while DI- reads 17.59 and trends downward, a configuration that supports bullish price direction; ADX at 20.17 signals an emerging trend rather than a well-established one.
MACD: MACD equals 0.35 and trends upward with the signal line at 0.13; MACD currently sits above its signal line, indicating bullish momentum and recent bullish crossover.
MRO: The MRO stands at 20.93 with a dip-and-reversal pattern; because MRO is positive the price sits above the model target, implying potential downward pressure if momentum weakens despite the recent reversal signal.
RSI and price structure: RSI at 54.47 and rising indicates modest bullish bias without overbought conditions. Price closed at $28.20, above the 20-day average ($26.17) and 200-day average ($23.64), and sits between the 1x and 2x upper Bollinger bands—consistent with short-term strength but approaching upper-band tension.
Trend confirmation and overlays: Price12-day EMA at $26.67 and Ichimoku lines (Tenkan $26.02, Kijun $26.15, Senkou A $25.92) all lie below current price, supporting near-term bullish orientation; volume sits slightly above the 10-day average but below the 200-day average, so momentum has support but not excessive conviction.
Fundamental Analysis
Profitability and margins: EBIT equals $30,855,000 producing an EBIT margin of 14.27%; that margin sits below the industry peer mean of 25.07% and below the industry peer median of 24.46% but above the industry peer low of -25.21%. Operating margin measures 14.55% and gross margin 39.12%. Quarter-over-quarter EBIT margin contracted roughly -10.31% and fell -37.90% year-over-year, signaling recent margin pressure despite positive sales trends.
Earnings and outlook: Reported EPS equaled $0.73 versus an estimate of $0.99, a negative EPS surprise of -26.26% (difference -$0.26). Forward EPS of $1.485 implies a forward P/E of 15.58 versus a trailing P/E of 34.31, reflecting market expectations for higher forward earnings relative to the most recent quarter.
Cash flow and liquidity: Operating cash flow totaled $30,197,000 with free cash flow of $16,645,000 and a free cash flow yield of 4.61%, above the industry peer mean of 1.32%. Cash and short-term investments total $167,950,000 and the current ratio equals 1.05, a modestly adequate near-term liquidity position that improved QoQ.
Capital structure and leverage: Total debt stands at $1,627,162,000 with net debt of $1,019,644,000 and total equity negative $231,918,000. Debt-to-assets equals 91.73%, notably above the industry peer mean of 59.63%. Interest coverage equals 1.48x, well below the industry peer mean of 12.43x and median, indicating constrained capacity to service interest from operating earnings.
Growth and returns: Revenue grew 16.31% year-over-year, while short-term revenue QoQ showed a material contraction by -185.01% per the QoQ figure provided. Return on invested capital is 2.35%, return on assets 0.41%, and return on equity -3.16%, each below typical industry central tendencies where provided. Free-cash growth declined materially year-over-year and QoQ, consistent with margin compression.
Valuation: WMDST values the stock as under-valued. Enterprise multiple registers at 43.95 while enterprise value totals $1,820,206,282 against a market cap of $360,994,282; forward P/E of 15.58 presents a notably lower earnings multiple than trailing P/E, driven by consensus forward earnings improvement expectations.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-05 |
| NEXT REPORT DATE: | 2026-02-04 |
| CASH FLOW | Begin Period Cash Flow | $ 263.2 M |
| Operating Cash Flow | $ 30.2 M | |
| Capital Expenditures | $ -13.55 M | |
| Change In Working Capital | $ -6.95 M | |
| Dividends Paid | $ -7.84 M | |
| Cash Flow Delta | $ -12.09 M | |
| End Period Cash Flow | $ 251.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 216.2 M | |
| Forward Revenue | $ 157.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 131.6 M | |
| Depreciation | $ 7.7 M | |
| Depreciation and Amortization | $ 10.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 184.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 84.6 M | |
| EBITDA | $ 41.4 M | |
| EBIT | $ 30.9 M | |
| Operating Income | $ 31.4 M | |
| Interest Income | — | |
| Interest Expense | $ 20.8 M | |
| Net Interest Income | $ -20.79 M | |
| Income Before Tax | $ 10.1 M | |
| Tax Provision | $ 2.7 M | |
| Tax Rate | 27.206 % | |
| Net Income | $ 7.3 M | |
| Net Income From Continuing Operations | $ 7.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.99 | |
| EPS Actual | $ 0.73 | |
| EPS Difference | $ -0.26 | |
| EPS Surprise | -26.263 % | |
| Forward EPS | $ 1.49 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.8 B | |
| Intangible Assets | $ 815.8 M | |
| Net Tangible Assets | $ -1.05 B | |
| Total Current Assets | $ 358.5 M | |
| Cash and Short-Term Investments | $ 167.9 M | |
| Cash | $ 167.9 M | |
| Net Receivables | $ 90.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 58.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 34.3 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 340.1 M | |
| Net Debt | $ 1.0 B | |
| Total Debt | $ 1.6 B | |
| Total Liabilities | $ 2.0 B | |
| EQUITY | ||
| Total Equity | $ -231.92 M | |
| Retained Earnings | $ 189.8 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -16.09 | |
| Shares Outstanding | 14.412 M | |
| Revenue Per-Share | $ 15.00 | |
| VALUATION | Market Capitalization | $ 361.0 M |
| Enterprise Value | $ 1.8 B | |
| Enterprise Multiple | 43.953 | |
| Enterprise Multiple QoQ | 15.134 % | |
| Enterprise Multiple YoY | 506.458 % | |
| Enterprise Multiple IPRWA | high: 189.281 mean: 65.826 median: 65.298 DIN: 43.953 low: 0.071 |
|
| EV/R | 8.42 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -7.649 | |
| Asset To Liability | 0.884 | |
| Debt To Capital | 1.166 | |
| Debt To Assets | 0.917 | |
| Debt To Assets QoQ | 0.093 % | |
| Debt To Assets YoY | 1458.973 % | |
| Debt To Assets IPRWA | high: 1.606 DIN: 0.917 mean: 0.596 median: 0.585 low: 0.019 |
|
| Debt To Equity | -7.016 | |
| Debt To Equity QoQ | -9.092 % | |
| Debt To Equity YoY | 1420.185 % | |
| Debt To Equity IPRWA | high: 13.542 median: 0.265 mean: 0.223 DIN: -7.016 low: -12.738 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -1.557 | |
| Price To Book QoQ | -6.863 % | |
| Price To Book YoY | -27.397 % | |
| Price To Book IPRWA | high: 33.181 median: 9.008 mean: 1.879 DIN: -1.557 low: -22.92 |
|
| Price To Earnings (P/E) | 34.312 | |
| Price To Earnings QoQ | 66.922 % | |
| Price To Earnings YoY | 62.459 % | |
| Price To Earnings IPRWA | high: 357.224 mean: 80.236 median: 76.866 DIN: 34.312 low: -85.409 |
|
| PE/G Ratio | -0.912 | |
| Price To Sales (P/S) | 1.67 | |
| Price To Sales QoQ | 8.499 % | |
| Price To Sales YoY | -29.884 % | |
| Price To Sales IPRWA | high: 20.381 median: 17.023 mean: 15.219 DIN: 1.67 low: 0.325 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 15.576 | |
| Forward PE/G | -0.414 | |
| Forward P/S | 2.287 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.525 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.121 | |
| Asset Turnover Ratio QoQ | -6.534 % | |
| Asset Turnover Ratio YoY | 5.524 % | |
| Asset Turnover Ratio IPRWA | high: 0.723 mean: 0.207 median: 0.192 DIN: 0.121 low: 0.056 |
|
| Receivables Turnover | 2.381 | |
| Receivables Turnover Ratio QoQ | -5.91 % | |
| Receivables Turnover Ratio YoY | 1.706 % | |
| Receivables Turnover Ratio IPRWA | high: 44.676 mean: 13.41 median: 7.658 DIN: 2.381 low: 1.042 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 38.319 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 16.978 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -81.537 % | |
| Cash Conversion Cycle Days IPRWA | high: 77.037 DIN: 16.978 mean: -2.288 median: -4.939 low: -73.834 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 11.746 | |
| CapEx To Revenue | -0.063 | |
| CapEx To Depreciation | -1.771 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 955.7 M | |
| Net Invested Capital | $ 955.7 M | |
| Invested Capital | $ 955.7 M | |
| Net Tangible Assets | $ -1.05 B | |
| Net Working Capital | $ 18.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.494 | |
| Current Ratio | 1.054 | |
| Current Ratio QoQ | 22.612 % | |
| Current Ratio YoY | 23.037 % | |
| Current Ratio IPRWA | high: 3.125 DIN: 1.054 mean: 0.999 median: 0.848 low: 0.031 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 39.291 | |
| Cost Of Debt | 0.926 % | |
| Interest Coverage Ratio | 1.484 | |
| Interest Coverage Ratio QoQ | -28.084 % | |
| Interest Coverage Ratio YoY | -39.195 % | |
| Interest Coverage Ratio IPRWA | high: 42.958 mean: 12.429 median: 5.825 DIN: 1.484 low: -2.484 |
|
| Operating Cash Flow Ratio | 0.066 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 21.341 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.934 | |
| Dividend Payout Ratio | 1.071 | |
| Dividend Rate | $ 0.54 | |
| Dividend Yield | 0.022 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.899 % | |
| Revenue Growth | -6.334 % | |
| Revenue Growth QoQ | -185.009 % | |
| Revenue Growth YoY | 16.306 % | |
| Revenue Growth IPRWA | high: 26.865 % mean: 1.457 % median: -0.542 % DIN: -6.334 % low: -13.106 % |
|
| Earnings Growth | -37.607 % | |
| Earnings Growth QoQ | -376.685 % | |
| Earnings Growth YoY | 138.185 % | |
| Earnings Growth IPRWA | high: 114.563 % mean: 14.006 % median: 2.256 % DIN: -37.607 % low: -160.0 % |
|
| MARGINS | ||
| Gross Margin | 39.115 % | |
| Gross Margin QoQ | -2.122 % | |
| Gross Margin YoY | -18.252 % | |
| Gross Margin IPRWA | high: 86.593 % mean: 40.28 % DIN: 39.115 % median: 38.826 % low: 12.516 % |
|
| EBIT Margin | 14.274 % | |
| EBIT Margin QoQ | -10.311 % | |
| EBIT Margin YoY | -37.904 % | |
| EBIT Margin IPRWA | high: 52.4 % mean: 25.067 % median: 24.455 % DIN: 14.274 % low: -25.213 % |
|
| Return On Sales (ROS) | 14.548 % | |
| Return On Sales QoQ | -13.394 % | |
| Return On Sales YoY | -36.712 % | |
| Return On Sales IPRWA | high: 47.382 % median: 24.904 % mean: 24.394 % DIN: 14.548 % low: -27.119 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 16.6 M | |
| Free Cash Flow Yield | 4.611 % | |
| Free Cash Flow Yield QoQ | -47.224 % | |
| Free Cash Flow Yield YoY | -2.598 % | |
| Free Cash Flow Yield IPRWA | high: 6.214 % DIN: 4.611 % mean: 1.316 % median: 1.26 % low: -9.243 % |
|
| Free Cash Growth | -46.365 % | |
| Free Cash Growth QoQ | -132.582 % | |
| Free Cash Growth YoY | -321.439 % | |
| Free Cash Growth IPRWA | high: 271.747 % median: 19.733 % mean: 10.455 % DIN: -46.365 % low: -398.901 % |
|
| Free Cash To Net Income | 2.272 | |
| Cash Flow Margin | 10.434 % | |
| Cash Flow To Earnings | 3.079 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.01 | |
| Return On Assets (ROA) | 0.411 % | |
| Return On Assets QoQ | -47.104 % | |
| Return On Assets YoY | -63.434 % | |
| Return On Assets IPRWA | high: 8.233 % mean: 3.2 % median: 2.581 % DIN: 0.411 % low: -8.455 % |
|
| Return On Capital Employed (ROCE) | 2.152 % | |
| Return On Equity (ROE) | -0.032 | |
| Return On Equity QoQ | -51.393 % | |
| Return On Equity YoY | -64.09 % | |
| Return On Equity IPRWA | high: 0.405 median: 0.119 mean: 0.031 DIN: -0.032 low: -0.352 |
|
| DuPont ROE | -3.296 % | |
| Return On Invested Capital (ROIC) | 2.35 % | |
| Return On Invested Capital QoQ | -14.545 % | |
| Return On Invested Capital YoY | -105.07 % | |
| Return On Invested Capital IPRWA | high: 14.004 % mean: 8.533 % median: 8.375 % DIN: 2.35 % low: -12.548 % |
|