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Dine Brands Global

DIN on NYSE. Dine Brands Global licenses restaurant names to owners, and sells them food. Market value $378m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

A big one-off write-off makes recent profit look smaller than the business earns, so we leave price to profit out.

Recent profit includes a one-time gain, so we price the company excluding that gain.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Retail & consumer stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
1.7%low

For every $100 of what the whole company costs, it produced $1.69 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
annual report to December 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
17.8%five-year median

Each dollar kept in the business earns 18 cents a year. Above 10 is good.

Quality score: 79 of 100. Price score: 32 of 100. Our list needs 70 on quality and 60 on price.

$29.52 a share, 27% above its 1-year low

Over the past year the price has ranged from $23.23 to $39.68.

Dividend: 5.4% a year

Paid every year for 4 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.2
0.1
0.1
0.1
0.1
0.0
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: $6 million in the past 12 months, $53 million in the year to December 2025.

Revenue
$896m$909m$831m$812m$879m
Operating margin
21.6%20.1%22.3%n/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.02bn0.02bn0.02bn0.01bn0.01bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)8 of 9
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsSlow, 5.0% a year
  • Buying back its own sharesYes, 19% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $241 million last quarter, up 4% on a year ago.
  • Profit: $4 million, down 69% on a year ago.
  • Spare cash over the past 12 months: $6 million, down from $93 million.
  • 19% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $1.1 billion more than cash, up from $1 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$195m
December 2024$205m
March 2025$215m
June 2025$231m
September 2025$216m
December 2025$218m
March 2026$225m
June 2026$241m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$19m
December 2024$5m
March 2025$8m
June 2025$14m
September 2025$7m
December 2025-$12m
March 2026$7m
June 2026$4m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 February 2026
Next quarterly (estimated, 10-Q)
4 November 2026

Who owns it

3 long-term investors we follow own it, up from 2 last quarter. 149 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 4 insiders bought $438,015 of shares on the open market. 1 sold $51,984.

  • Hyter Michael
    Director
    Sold
    Date
    8 May 2026
    Shares
    1,800
    Price
    $28.88
    Value
    $51,984
  • PASQUALE DOUGLAS M
    Director
    Bought
    Date
    13 March 2026
    Shares
    1,000
    Price
    $27.75
    Value
    $27,750
  • PASQUALE DOUGLAS M
    Director
    Bought
    under a preset trading plan
    Date
    12 March 2026
    Shares
    2,000
    Price
    $28.25
    Value
    $56,500
  • PASQUALE DOUGLAS M
    Director
    Bought
    under a preset trading plan
    Date
    10 March 2026
    Shares
    1,000
    Price
    $29.00
    Value
    $29,000
  • PASQUALE DOUGLAS M
    Director
    Bought
    Date
    9 March 2026
    Shares
    500
    Price
    $30.00
    Value
    $15,000
  • PASQUALE DOUGLAS M
    Director
    Bought
    Date
    3 March 2026
    Shares
    1,500
    Price
    $29.50
    Value
    $44,250
  • PASQUALE DOUGLAS M
    Director
    Bought
    Date
    2 March 2026
    Shares
    1,500
    Price
    $30.04
    Value
    $45,060
  • Poulter Martha
    Director
    Bought
    Date
    5 December 2025
    Shares
    650
    Price
    $33.16
    Value
    $21,554
  • DAHL RICHARD J
    Director
    Bought
    Date
    21 November 2025
    Shares
    3,600
    Price
    $27.47
    Value
    $98,892
  • Berk Howard M
    Director
    Bought
    Date
    7 November 2025
    Shares
    4,082
    Price
    $24.50
    Value
    $100,009

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the serious warning signs we check for were found. 1 thing worth knowing.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 25 Feb 2026, plus the 10-Q filed 5 Aug 2026 and 7 later 8-Ks.

  • Changed auditor

    Worth knowing

    The company changed its auditor (the firm that checks its books) in the last two years.

    “On August 4, 2025, the Audit Committee of the Board of Directors (the “Audit Committee”) of Dine Brands Global, Inc. (the “Corporation”) dismissed Ernst & Young LLP (“EY”) as the Corporation’s independent registered public accounting firm.”

    From an 8-K filed 4 August 2025: Change of auditor. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.