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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Krispy Kreme, Inc. (DNUT). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $364.8M, roughly 1.1× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -7.1%, a 11.2% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -5.9%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...
ARHS vs DNUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $392.4M |
| Net Profit | $15.1M | $-27.8M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | -1.9% |
| Net Margin | 4.1% | -7.1% |
| Revenue YoY | 5.1% | -2.9% |
| Net Profit YoY | -29.1% | -23.8% |
| EPS (diluted) | $0.11 | $-0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $364.8M | $392.4M | ||
| Q3 25 | $344.6M | $375.3M | ||
| Q2 25 | $358.4M | $379.8M | ||
| Q1 25 | $311.4M | $375.2M | ||
| Q4 24 | $347.0M | $404.0M | ||
| Q3 24 | $319.1M | $379.9M | ||
| Q2 24 | $309.8M | $438.8M | ||
| Q1 24 | $295.2M | $442.7M |
| Q4 25 | $15.1M | $-27.8M | ||
| Q3 25 | $12.2M | $-19.4M | ||
| Q2 25 | $35.1M | $-435.3M | ||
| Q1 25 | $4.9M | $-33.3M | ||
| Q4 24 | $21.3M | $-22.4M | ||
| Q3 24 | $9.9M | $39.6M | ||
| Q2 24 | $22.2M | $-5.5M | ||
| Q1 24 | $15.1M | $-8.5M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 39.0% | — |
| Q4 25 | 5.6% | -1.9% | ||
| Q3 25 | 4.8% | -1.9% | ||
| Q2 25 | 13.0% | -114.4% | ||
| Q1 25 | 1.7% | -5.4% | ||
| Q4 24 | 8.2% | -2.8% | ||
| Q3 24 | 3.3% | -4.2% | ||
| Q2 24 | 9.5% | 1.6% | ||
| Q1 24 | 6.2% | 2.7% |
| Q4 25 | 4.1% | -7.1% | ||
| Q3 25 | 3.5% | -5.2% | ||
| Q2 25 | 9.8% | -114.6% | ||
| Q1 25 | 1.6% | -8.9% | ||
| Q4 24 | 6.1% | -5.6% | ||
| Q3 24 | 3.1% | 10.4% | ||
| Q2 24 | 7.2% | -1.3% | ||
| Q1 24 | 5.1% | -1.9% |
| Q4 25 | $0.11 | $-0.18 | ||
| Q3 25 | $0.09 | $-0.11 | ||
| Q2 25 | $0.25 | $-2.55 | ||
| Q1 25 | $0.03 | $-0.20 | ||
| Q4 24 | $0.15 | $-0.13 | ||
| Q3 24 | $0.07 | $0.23 | ||
| Q2 24 | $0.16 | $-0.03 | ||
| Q1 24 | $0.11 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $42.4M |
| Total DebtLower is stronger | — | $911.9M |
| Stockholders' EquityBook value | $418.2M | $650.1M |
| Total Assets | $1.4B | $2.6B |
| Debt / EquityLower = less leverage | — | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $42.4M | ||
| Q3 25 | $262.2M | $30.7M | ||
| Q2 25 | $234.8M | $21.3M | ||
| Q1 25 | $214.4M | $18.7M | ||
| Q4 24 | $197.5M | $29.0M | ||
| Q3 24 | $177.7M | $25.4M | ||
| Q2 24 | $174.2M | $28.6M | ||
| Q1 24 | $233.2M | $33.1M |
| Q4 25 | — | $911.9M | ||
| Q3 25 | — | $906.2M | ||
| Q2 25 | — | $889.4M | ||
| Q1 25 | — | $935.0M | ||
| Q4 24 | — | $844.5M | ||
| Q3 24 | — | $804.6M | ||
| Q2 24 | — | $895.0M | ||
| Q1 24 | — | $881.8M |
| Q4 25 | $418.2M | $650.1M | ||
| Q3 25 | $400.4M | $670.3M | ||
| Q2 25 | $385.6M | $693.6M | ||
| Q1 25 | $348.8M | $1.1B | ||
| Q4 24 | $343.7M | $1.1B | ||
| Q3 24 | $320.6M | $1.2B | ||
| Q2 24 | $309.3M | $1.1B | ||
| Q1 24 | $285.6M | $1.2B |
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $3.1B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $3.2B | ||
| Q1 24 | $1.2B | $3.2B |
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.76× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $45.0M |
| Free Cash FlowOCF − Capex | $-8.8M | $27.9M |
| FCF MarginFCF / Revenue | -2.4% | 7.1% |
| Capex IntensityCapex / Revenue | 5.0% | 4.4% |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $-64.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $45.0M | ||
| Q3 25 | $46.1M | $42.3M | ||
| Q2 25 | $34.9M | $-32.5M | ||
| Q1 25 | $46.5M | $-20.8M | ||
| Q4 24 | $31.7M | $27.0M | ||
| Q3 24 | $31.1M | $3.3M | ||
| Q2 24 | $47.5M | $33.2M | ||
| Q1 24 | $36.8M | $-17.7M |
| Q4 25 | $-8.8M | $27.9M | ||
| Q3 25 | $28.0M | $15.5M | ||
| Q2 25 | $20.9M | $-60.8M | ||
| Q1 25 | $18.9M | $-46.7M | ||
| Q4 24 | $13.0M | $-6.9M | ||
| Q3 24 | $4.6M | $-22.9M | ||
| Q2 24 | $11.3M | $1.6M | ||
| Q1 24 | $10.9M | $-46.8M |
| Q4 25 | -2.4% | 7.1% | ||
| Q3 25 | 8.1% | 4.1% | ||
| Q2 25 | 5.8% | -16.0% | ||
| Q1 25 | 6.1% | -12.5% | ||
| Q4 24 | 3.7% | -1.7% | ||
| Q3 24 | 1.4% | -6.0% | ||
| Q2 24 | 3.6% | 0.4% | ||
| Q1 24 | 3.7% | -10.6% |
| Q4 25 | 5.0% | 4.4% | ||
| Q3 25 | 5.3% | 7.1% | ||
| Q2 25 | 3.9% | 7.4% | ||
| Q1 25 | 8.9% | 6.9% | ||
| Q4 24 | 5.4% | 8.4% | ||
| Q3 24 | 8.3% | 6.9% | ||
| Q2 24 | 11.7% | 7.2% | ||
| Q1 24 | 8.8% | 6.6% |
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | 0.08× | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
DNUT
Segment breakdown not available.
