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Side-by-side financial comparison of BADGER METER INC (BMI) 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 $234.1M, roughly 1.7× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs -7.1%, a 21.4% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs -2.9%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $27.9M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs -5.9%).
Badger Meter Inc. is a leading global provider of flow measurement and control solutions, serving water utilities, industrial, commercial, and residential customer segments. Its core offerings include smart water meters, IoT-enabled usage monitoring systems, and supporting software that help clients track resource consumption, cut waste, and boost operational efficiency, with key markets spanning North America, Europe, and the Asia-Pacific region.
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...
BMI vs DNUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $392.4M |
| Net Profit | $33.6M | $-27.8M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | -1.9% |
| Net Margin | 14.3% | -7.1% |
| Revenue YoY | 14.1% | -2.9% |
| Net Profit YoY | 9.3% | -23.8% |
| EPS (diluted) | $1.13 | $-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 | $234.1M | $392.4M | ||
| Q3 25 | $222.2M | $375.3M | ||
| Q2 25 | $238.1M | $379.8M | ||
| Q1 25 | $222.2M | $375.2M | ||
| Q4 24 | $205.2M | $404.0M | ||
| Q3 24 | $208.4M | $379.9M | ||
| Q2 24 | $216.7M | $438.8M | ||
| Q1 24 | $196.3M | $442.7M |
| Q4 25 | $33.6M | $-27.8M | ||
| Q3 25 | $35.1M | $-19.4M | ||
| Q2 25 | $34.6M | $-435.3M | ||
| Q1 25 | $38.4M | $-33.3M | ||
| Q4 24 | $30.7M | $-22.4M | ||
| Q3 24 | $32.0M | $39.6M | ||
| Q2 24 | $33.1M | $-5.5M | ||
| Q1 24 | $29.1M | $-8.5M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 41.1% | — | ||
| Q1 25 | 42.9% | — | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 40.2% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 39.3% | — |
| Q4 25 | 18.4% | -1.9% | ||
| Q3 25 | 20.7% | -1.9% | ||
| Q2 25 | 18.8% | -114.4% | ||
| Q1 25 | 22.2% | -5.4% | ||
| Q4 24 | 19.1% | -2.8% | ||
| Q3 24 | 19.5% | -4.2% | ||
| Q2 24 | 19.2% | 1.6% | ||
| Q1 24 | 18.6% | 2.7% |
| Q4 25 | 14.3% | -7.1% | ||
| Q3 25 | 15.8% | -5.2% | ||
| Q2 25 | 14.5% | -114.6% | ||
| Q1 25 | 17.3% | -8.9% | ||
| Q4 24 | 15.0% | -5.6% | ||
| Q3 24 | 15.4% | 10.4% | ||
| Q2 24 | 15.3% | -1.3% | ||
| Q1 24 | 14.8% | -1.9% |
| Q4 25 | $1.13 | $-0.18 | ||
| Q3 25 | $1.19 | $-0.11 | ||
| Q2 25 | $1.17 | $-2.55 | ||
| Q1 25 | $1.30 | $-0.20 | ||
| Q4 24 | $1.04 | $-0.13 | ||
| Q3 24 | $1.08 | $0.23 | ||
| Q2 24 | $1.12 | $-0.03 | ||
| Q1 24 | $0.99 | $-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 | — | $42.4M |
| Total DebtLower is stronger | — | $911.9M |
| Stockholders' EquityBook value | $713.3M | $650.1M |
| Total Assets | $973.6M | $2.6B |
| Debt / EquityLower = less leverage | — | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $42.4M | ||
| Q3 25 | — | $30.7M | ||
| Q2 25 | — | $21.3M | ||
| Q1 25 | — | $18.7M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $25.4M | ||
| Q2 24 | — | $28.6M | ||
| Q1 24 | — | $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 | $713.3M | $650.1M | ||
| Q3 25 | $702.5M | $670.3M | ||
| Q2 25 | $677.6M | $693.6M | ||
| Q1 25 | $641.7M | $1.1B | ||
| Q4 24 | $606.2M | $1.1B | ||
| Q3 24 | $591.2M | $1.2B | ||
| Q2 24 | $563.1M | $1.1B | ||
| Q1 24 | $535.6M | $1.2B |
| Q4 25 | $973.6M | $2.6B | ||
| Q3 25 | $978.3M | $2.6B | ||
| Q2 25 | $936.4M | $2.6B | ||
| Q1 25 | $899.6M | $3.1B | ||
| Q4 24 | $816.4M | $3.1B | ||
| Q3 24 | $802.9M | $3.1B | ||
| Q2 24 | $781.3M | $3.2B | ||
| Q1 24 | $743.5M | $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 | $54.8M | $45.0M |
| Free Cash FlowOCF − Capex | $50.8M | $27.9M |
| FCF MarginFCF / Revenue | 21.7% | 7.1% |
| Capex IntensityCapex / Revenue | 1.7% | 4.4% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $-64.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $45.0M | ||
| Q3 25 | $51.3M | $42.3M | ||
| Q2 25 | $44.6M | $-32.5M | ||
| Q1 25 | $33.0M | $-20.8M | ||
| Q4 24 | $52.1M | $27.0M | ||
| Q3 24 | $45.1M | $3.3M | ||
| Q2 24 | $36.4M | $33.2M | ||
| Q1 24 | $21.5M | $-17.7M |
| Q4 25 | $50.8M | $27.9M | ||
| Q3 25 | $48.2M | $15.5M | ||
| Q2 25 | $40.6M | $-60.8M | ||
| Q1 25 | $30.1M | $-46.7M | ||
| Q4 24 | $47.4M | $-6.9M | ||
| Q3 24 | $42.0M | $-22.9M | ||
| Q2 24 | $34.1M | $1.6M | ||
| Q1 24 | $18.8M | $-46.8M |
| Q4 25 | 21.7% | 7.1% | ||
| Q3 25 | 21.7% | 4.1% | ||
| Q2 25 | 17.1% | -16.0% | ||
| Q1 25 | 13.5% | -12.5% | ||
| Q4 24 | 23.1% | -1.7% | ||
| Q3 24 | 20.1% | -6.0% | ||
| Q2 24 | 15.7% | 0.4% | ||
| Q1 24 | 9.6% | -10.6% |
| Q4 25 | 1.7% | 4.4% | ||
| Q3 25 | 1.4% | 7.1% | ||
| Q2 25 | 1.7% | 7.4% | ||
| Q1 25 | 1.3% | 6.9% | ||
| Q4 24 | 2.3% | 8.4% | ||
| Q3 24 | 1.5% | 6.9% | ||
| Q2 24 | 1.1% | 7.2% | ||
| Q1 24 | 1.4% | 6.6% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | 0.08× | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 0.74× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
DNUT
Segment breakdown not available.
