Dennys Corp Financials
This page shows Dennys Corp (DENN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Dennys Corp scores 1.44, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Dennys Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Dennys Corp generates $1.37 in operating cash flow ($29.5M OCF vs $21.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dennys Corp earns $2.5 in operating income for every $1 of interest expense ($45.3M vs $18.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Dennys Corp generated $452.3M in revenue in fiscal year 2024. This represents a decrease of 2.5% from the prior year.
Dennys Corp's EBITDA was $60.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.5% from the prior year.
Dennys Corp reported $21.6M in net income in fiscal year 2024. This represents an increase of 8.2% from the prior year.
Dennys Corp earned $0.41 per diluted share (EPS) in fiscal year 2024. This represents an increase of 17.1% from the prior year.
Dennys Corp held $1.7M in cash against $261.3M in long-term debt as of fiscal year 2024.
Dennys Corp had 51M shares outstanding in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Dennys Corp's operating margin was 10.0% in fiscal year 2024, reflecting core business profitability. This is down 1.4 percentage points from the prior year.
Dennys Corp's net profit margin was 4.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.
Dennys Corp spent $11.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 77.5% from the prior year.
DENN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $113.2M-3.8% | $117.7M+5.4% | $111.6M-2.6% | $114.7M-1.1% | $115.9M+5.4% | $110.0M-4.7% | $115.4M+1.0% | $114.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $22.6M+5.2% | $21.4M+7.1% | $20.0M+7.4% | $18.7M-8.9% | $20.5M-3.5% | $21.2M+10.2% | $19.3M+5.6% | $18.2M |
| Operating Income | $10.4M+21.3% | $8.6M+64.5% | $5.2M-64.0% | $14.5M+58.6% | $9.1M-8.9% | $10.0M+29.5% | $7.7M-44.9% | $14.0M |
| Interest Expense | $5.3M-1.0% | $5.4M+21.4% | $4.4M+0.4% | $4.4M-3.6% | $4.6M+3.5% | $4.4M+2.6% | $4.3M-1.6% | $4.4M |
| Income Tax | $1.3M+1.2% | $1.3M+339.1% | $294K-91.5% | $3.5M+189.6% | $1.2M-21.8% | $1.5M-9.6% | $1.7M+0.5% | $1.7M |
| Net Income | $632K-74.4% | $2.5M+657.7% | $326K-95.2% | $6.8M+90.5% | $3.6M-23.9% | $4.7M+61.6% | $2.9M-63.3% | $7.9M |
| EPS (Diluted) | $0.01-80.0% | $0.05+400.0% | $0.01-92.3% | $0.13+85.7% | $0.07-22.2% | $0.09+80.0% | $0.05-64.3% | $0.14 |
DENN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $502.9M+2.4% | $491.1M+0.6% | $488.1M-1.7% | $496.3M+7.9% | $459.9M-0.1% | $460.4M-0.9% | $464.8M-3.1% | $479.8M |
| Current Assets | $33.6M+3.9% | $32.3M+1.6% | $31.8M-20.4% | $40.0M+13.6% | $35.2M+3.5% | $34.0M-22.8% | $44.0M+26.0% | $35.0M |
| Cash & Equivalents | $2.2M+90.7% | $1.2M+12.2% | $1.0M-38.8% | $1.7M+45.6% | $1.2M+0.2% | $1.2M-76.2% | $4.9M+378.8% | $1.0M |
| Inventory | $2.1M-0.3% | $2.1M+13.5% | $1.9M+7.4% | $1.7M-7.8% | $1.9M-8.6% | $2.1M-4.7% | $2.2M-7.6% | $2.4M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $68.5M0.0% | $68.5M+3.3% | $66.4M0.0% | $66.4M0.0% | $66.4M+0.7% | $65.9M0.0% | $65.9M-8.6% | $72.1M |
| Total Liabilities | $535.6M+1.9% | $525.7M+0.2% | $524.5M-1.1% | $530.3M+3.3% | $513.2M-0.6% | $516.2M-2.2% | $527.5M+2.3% | $515.6M |
| Current Liabilities | $95.0M+8.0% | $88.0M+1.9% | $86.3M-9.7% | $95.6M-0.6% | $96.1M+8.0% | $89.0M-13.9% | $103.3M+13.6% | $90.9M |
| Long-Term Debt | $259.5M-3.4% | $268.6M+1.0% | $266.0M+1.8% | $261.3M+1.5% | $257.5M-1.4% | $261.2M+2.2% | $255.5M+3.0% | $248.1M |
| Total Equity | -$32.7M+5.5% | -$34.6M+5.1% | -$36.4M-7.0% | -$34.0M+36.1% | -$53.2M+4.5% | -$55.7M+11.1% | -$62.7M-75.1% | -$35.8M |
| Retained Earnings | $929K+212.8% | $297K+113.7% | -$2.2M+13.0% | -$2.5M+81.5% | -$13.5M+20.9% | -$17.1M+21.5% | -$21.8M+11.8% | -$24.7M |
DENN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.0M+70.8% | $9.4M+86.5% | $5.0M-41.3% | $8.5M-39.8% | $14.2M+6495.8% | $215K-99.0% | $21.4M+41.3% | $15.1M |
| Capital Expenditures | $23K | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Free Cash Flow | $16.0M | N/A | N/A | $6.6M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$7.6M+26.9% | -$10.4M-44.5% | -$7.2M+20.8% | -$9.1M-80.3% | -$5.0M+5.7% | -$5.3M-17.3% | -$4.5M-145.1% | -$1.9M |
| Financing Cash Flow | -$7.3M-745.3% | $1.1M-24.0% | $1.5M+100.0% | $749K+108.2% | -$9.2M-762.1% | $1.4M+110.7% | -$12.9M+3.2% | -$13.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $716K-24.8% | $952K+109.2% | $455K-90.1% | $4.6M-3.5% | $4.8M-71.4% | $16.7M+5.8% | $15.7M |
DENN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 9.2%+1.9pp | 7.3%+2.6pp | 4.7%-7.9pp | 12.6%+4.7pp | 7.9%-1.2pp | 9.1%+2.4pp | 6.7%-5.6pp | 12.3% |
| Net Margin | 0.6%-1.5pp | 2.1%+1.8pp | 0.3%-5.6pp | 5.9%+2.8pp | 3.1%-1.2pp | 4.3%+1.8pp | 2.5%-4.4pp | 6.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.1%-0.4pp | 0.5%+0.4pp | 0.1%-1.3pp | 1.4%+0.6pp | 0.8%-0.2pp | 1.0%+0.4pp | 0.6%-1.0pp | 1.7% |
| Current Ratio | 0.35-0.0 | 0.370.0 | 0.37-0.0 | 0.42+0.1 | 0.37-0.0 | 0.38-0.0 | 0.43+0.0 | 0.38 |
| Debt-to-Equity | -7.94-0.2 | -7.77-0.5 | -7.30+0.4 | -7.68-2.8 | -4.84-0.2 | -4.69-0.6 | -4.08+2.9 | -6.93 |
| FCF Margin | 14.1% | N/A | N/A | 5.9% | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$34.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.42), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Dennys Corp's annual revenue?
Dennys Corp (DENN) reported $452.3M in total revenue for fiscal year 2024. This represents a -2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dennys Corp's revenue growing?
Dennys Corp (DENN) revenue declined by 2.5% year-over-year, from $463.9M to $452.3M in fiscal year 2024.
Is Dennys Corp profitable?
Yes, Dennys Corp (DENN) reported a net income of $21.6M in fiscal year 2024, with a net profit margin of 4.8%.
What is Dennys Corp's earnings per share (EPS)?
Dennys Corp (DENN) reported diluted earnings per share of $0.41 for fiscal year 2024. This represents a 17.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Dennys Corp's EBITDA?
Dennys Corp (DENN) had EBITDA of $60.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dennys Corp have?
As of fiscal year 2024, Dennys Corp (DENN) had $1.7M in cash and equivalents against $261.3M in long-term debt.
What is Dennys Corp's operating margin?
Dennys Corp (DENN) had an operating margin of 10.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Dennys Corp's net profit margin?
Dennys Corp (DENN) had a net profit margin of 4.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Dennys Corp's operating cash flow?
Dennys Corp (DENN) generated $29.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Dennys Corp's total assets?
Dennys Corp (DENN) had $496.3M in total assets as of fiscal year 2024, including both current and long-term assets.
Does Dennys Corp buy back shares?
Yes, Dennys Corp (DENN) spent $11.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Dennys Corp have outstanding?
Dennys Corp (DENN) had 51M shares outstanding as of fiscal year 2024.
What is Dennys Corp's current ratio?
Dennys Corp (DENN) had a current ratio of 0.42 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Dennys Corp's debt-to-equity ratio?
Dennys Corp (DENN) had a debt-to-equity ratio of -7.68 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dennys Corp's return on assets (ROA)?
Dennys Corp (DENN) had a return on assets of 4.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Dennys Corp's debt-to-equity ratio negative or unusual?
Dennys Corp (DENN) has negative shareholder equity of -$34.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Dennys Corp's Altman Z-Score?
Dennys Corp (DENN) has an Altman Z-Score of 1.44, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dennys Corp's Piotroski F-Score?
Dennys Corp (DENN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dennys Corp's earnings high quality?
Dennys Corp (DENN) has an earnings quality ratio of 1.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dennys Corp cover its interest payments?
Dennys Corp (DENN) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.