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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Driven Brands Holdings Inc. (DRVN). Click either name above to swap in a different company.
Driven Brands Holdings Inc. is the larger business by last-quarter revenue ($535.7M vs $392.4M, roughly 1.4× Krispy Kreme, Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -7.1%, a 18.4% gap on every dollar of revenue. On growth, Driven Brands Holdings Inc. posted the faster year-over-year revenue change (6.6% vs -2.9%). Driven Brands Holdings Inc. produced more free cash flow last quarter ($39.5M vs $27.9M). Over the past eight quarters, Driven Brands Holdings Inc.'s revenue compounded faster (-4.0% CAGR vs -5.9%).
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...
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
DNUT vs DRVN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $535.7M |
| Net Profit | $-27.8M | $60.9M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 11.6% |
| Net Margin | -7.1% | 11.4% |
| Revenue YoY | -2.9% | 6.6% |
| Net Profit YoY | -23.8% | 507.2% |
| EPS (diluted) | $-0.18 | $0.37 |
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 | $392.4M | — | ||
| Q3 25 | $375.3M | $535.7M | ||
| Q2 25 | $379.8M | $551.0M | ||
| Q1 25 | $375.2M | $516.2M | ||
| Q4 24 | $404.0M | $836.5M | ||
| Q3 24 | $379.9M | $502.3M | ||
| Q2 24 | $438.8M | $518.8M | ||
| Q1 24 | $442.7M | $482.0M |
| Q4 25 | $-27.8M | — | ||
| Q3 25 | $-19.4M | $60.9M | ||
| Q2 25 | $-435.3M | $47.6M | ||
| Q1 25 | $-33.3M | $5.5M | ||
| Q4 24 | $-22.4M | $-312.0M | ||
| Q3 24 | $39.6M | $-14.9M | ||
| Q2 24 | $-5.5M | $30.2M | ||
| Q1 24 | $-8.5M | $4.3M |
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.9% | 11.6% | ||
| Q2 25 | -114.4% | 6.9% | ||
| Q1 25 | -5.4% | 11.9% | ||
| Q4 24 | -2.8% | -41.6% | ||
| Q3 24 | -4.2% | 9.9% | ||
| Q2 24 | 1.6% | 17.4% | ||
| Q1 24 | 2.7% | 14.1% |
| Q4 25 | -7.1% | — | ||
| Q3 25 | -5.2% | 11.4% | ||
| Q2 25 | -114.6% | 8.6% | ||
| Q1 25 | -8.9% | 1.1% | ||
| Q4 24 | -5.6% | -37.3% | ||
| Q3 24 | 10.4% | -3.0% | ||
| Q2 24 | -1.3% | 5.8% | ||
| Q1 24 | -1.9% | 0.9% |
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.11 | $0.37 | ||
| Q2 25 | $-2.55 | $0.29 | ||
| Q1 25 | $-0.20 | $0.04 | ||
| Q4 24 | $-0.13 | $-1.93 | ||
| Q3 24 | $0.23 | $-0.09 | ||
| Q2 24 | $-0.03 | $0.18 | ||
| Q1 24 | $-0.05 | $0.02 |
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 | $162.0M |
| Total DebtLower is stronger | $911.9M | $1.9B |
| Stockholders' EquityBook value | $650.1M | $793.5M |
| Total Assets | $2.6B | $4.2B |
| Debt / EquityLower = less leverage | 1.40× | 2.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | — | ||
| Q3 25 | $30.7M | $162.0M | ||
| Q2 25 | $21.3M | $166.1M | ||
| Q1 25 | $18.7M | $152.0M | ||
| Q4 24 | $29.0M | $149.6M | ||
| Q3 24 | $25.4M | $204.2M | ||
| Q2 24 | $28.6M | $148.8M | ||
| Q1 24 | $33.1M | $165.5M |
| Q4 25 | $911.9M | — | ||
| Q3 25 | $906.2M | $1.9B | ||
| Q2 25 | $889.4M | $2.1B | ||
| Q1 25 | $935.0M | $2.6B | ||
| Q4 24 | $844.5M | $2.7B | ||
| Q3 24 | $804.6M | $2.7B | ||
| Q2 24 | $895.0M | $2.9B | ||
| Q1 24 | $881.8M | $2.9B |
| Q4 25 | $650.1M | — | ||
| Q3 25 | $670.3M | $793.5M | ||
| Q2 25 | $693.6M | $743.4M | ||
| Q1 25 | $1.1B | $643.2M | ||
| Q4 24 | $1.1B | $607.3M | ||
| Q3 24 | $1.2B | $962.8M | ||
| Q2 24 | $1.1B | $942.8M | ||
| Q1 24 | $1.2B | $906.2M |
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | $4.2B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $3.1B | $5.3B | ||
| Q4 24 | $3.1B | $5.3B | ||
| Q3 24 | $3.1B | $5.8B | ||
| Q2 24 | $3.2B | $5.8B | ||
| Q1 24 | $3.2B | $5.9B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.35× | 2.44× | ||
| Q2 25 | 1.28× | 2.82× | ||
| Q1 25 | 0.85× | 4.07× | ||
| Q4 24 | 0.74× | 4.37× | ||
| Q3 24 | 0.68× | 2.84× | ||
| Q2 24 | 0.79× | 3.03× | ||
| Q1 24 | 0.76× | 3.21× |
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 | $45.0M | $79.2M |
| Free Cash FlowOCF − Capex | $27.9M | $39.5M |
| FCF MarginFCF / Revenue | 7.1% | 7.4% |
| Capex IntensityCapex / Revenue | 4.4% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $31.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | — | ||
| Q3 25 | $42.3M | $79.2M | ||
| Q2 25 | $-32.5M | $80.4M | ||
| Q1 25 | $-20.8M | $75.1M | ||
| Q4 24 | $27.0M | $32.9M | ||
| Q3 24 | $3.3M | $101.3M | ||
| Q2 24 | $33.2M | $46.9M | ||
| Q1 24 | $-17.7M | $60.3M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $15.5M | $39.5M | ||
| Q2 25 | $-60.8M | $9.0M | ||
| Q1 25 | $-46.7M | $18.9M | ||
| Q4 24 | $-6.9M | $-36.3M | ||
| Q3 24 | $-22.9M | $37.9M | ||
| Q2 24 | $1.6M | $-19.5M | ||
| Q1 24 | $-46.8M | $-29.2M |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 4.1% | 7.4% | ||
| Q2 25 | -16.0% | 1.6% | ||
| Q1 25 | -12.5% | 3.7% | ||
| Q4 24 | -1.7% | -4.3% | ||
| Q3 24 | -6.0% | 7.5% | ||
| Q2 24 | 0.4% | -3.8% | ||
| Q1 24 | -10.6% | -6.1% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 7.1% | 7.4% | ||
| Q2 25 | 7.4% | 13.0% | ||
| Q1 25 | 6.9% | 10.9% | ||
| Q4 24 | 8.4% | 8.3% | ||
| Q3 24 | 6.9% | 12.6% | ||
| Q2 24 | 7.2% | 12.8% | ||
| Q1 24 | 6.6% | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 13.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 14.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
