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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Equity Residential (EQR). Click either name above to swap in a different company.

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $392.4M, roughly 2.0× Krispy Kreme, Inc.). Equity Residential runs the higher net margin — 48.9% vs -7.1%, a 55.9% gap on every dollar of revenue. On growth, Equity Residential posted the faster year-over-year revenue change (2.0% vs -2.9%). Over the past eight quarters, Equity Residential's revenue compounded faster (3.4% 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...

Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.

DNUT vs EQR — Head-to-Head

Bigger by revenue
EQR
EQR
2.0× larger
EQR
$781.9M
$392.4M
DNUT
Growing faster (revenue YoY)
EQR
EQR
+4.9% gap
EQR
2.0%
-2.9%
DNUT
Higher net margin
EQR
EQR
55.9% more per $
EQR
48.9%
-7.1%
DNUT
Faster 2-yr revenue CAGR
EQR
EQR
Annualised
EQR
3.4%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
EQR
EQR
Revenue
$392.4M
$781.9M
Net Profit
$-27.8M
$382.1M
Gross Margin
Operating Margin
-1.9%
50.6%
Net Margin
-7.1%
48.9%
Revenue YoY
-2.9%
2.0%
Net Profit YoY
-23.8%
-8.8%
EPS (diluted)
$-0.18
$1.01

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.

Revenue
DNUT
DNUT
EQR
EQR
Q4 25
$392.4M
$781.9M
Q3 25
$375.3M
$782.4M
Q2 25
$379.8M
$768.8M
Q1 25
$375.2M
$760.8M
Q4 24
$404.0M
$766.8M
Q3 24
$379.9M
$748.3M
Q2 24
$438.8M
$734.2M
Q1 24
$442.7M
$730.8M
Net Profit
DNUT
DNUT
EQR
EQR
Q4 25
$-27.8M
$382.1M
Q3 25
$-19.4M
$289.1M
Q2 25
$-435.3M
$192.4M
Q1 25
$-33.3M
$256.6M
Q4 24
$-22.4M
$419.1M
Q3 24
$39.6M
$143.4M
Q2 24
$-5.5M
$177.5M
Q1 24
$-8.5M
$295.8M
Operating Margin
DNUT
DNUT
EQR
EQR
Q4 25
-1.9%
50.6%
Q3 25
-1.9%
38.5%
Q2 25
-114.4%
26.6%
Q1 25
-5.4%
35.7%
Q4 24
-2.8%
57.2%
Q3 24
-4.2%
20.1%
Q2 24
1.6%
25.3%
Q1 24
2.7%
42.0%
Net Margin
DNUT
DNUT
EQR
EQR
Q4 25
-7.1%
48.9%
Q3 25
-5.2%
36.9%
Q2 25
-114.6%
25.0%
Q1 25
-8.9%
33.7%
Q4 24
-5.6%
54.7%
Q3 24
10.4%
19.2%
Q2 24
-1.3%
24.2%
Q1 24
-1.9%
40.5%
EPS (diluted)
DNUT
DNUT
EQR
EQR
Q4 25
$-0.18
$1.01
Q3 25
$-0.11
$0.76
Q2 25
$-2.55
$0.50
Q1 25
$-0.20
$0.67
Q4 24
$-0.13
$1.10
Q3 24
$0.23
$0.38
Q2 24
$-0.03
$0.47
Q1 24
$-0.05
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DNUT
DNUT
EQR
EQR
Cash + ST InvestmentsLiquidity on hand
$42.4M
$55.9M
Total DebtLower is stronger
$911.9M
$8.2B
Stockholders' EquityBook value
$650.1M
$11.0B
Total Assets
$2.6B
$20.7B
Debt / EquityLower = less leverage
1.40×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
EQR
EQR
Q4 25
$42.4M
$55.9M
Q3 25
$30.7M
$93.1M
Q2 25
$21.3M
$31.3M
Q1 25
$18.7M
$39.8M
Q4 24
$29.0M
$62.3M
Q3 24
$25.4M
$28.6M
Q2 24
$28.6M
$38.3M
Q1 24
$33.1M
$44.5M
Total Debt
DNUT
DNUT
EQR
EQR
Q4 25
$911.9M
$8.2B
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
$8.2B
Q3 24
$804.6M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
EQR
EQR
Q4 25
$650.1M
$11.0B
Q3 25
$670.3M
$11.1B
Q2 25
$693.6M
$11.0B
Q1 25
$1.1B
$11.0B
Q4 24
$1.1B
$11.0B
Q3 24
$1.2B
$10.9B
Q2 24
$1.1B
$11.0B
Q1 24
$1.2B
$11.1B
Total Assets
DNUT
DNUT
EQR
EQR
Q4 25
$2.6B
$20.7B
Q3 25
$2.6B
$21.1B
Q2 25
$2.6B
$21.0B
Q1 25
$3.1B
$20.6B
Q4 24
$3.1B
$20.8B
Q3 24
$3.1B
$20.9B
Q2 24
$3.2B
$19.8B
Q1 24
$3.2B
$19.9B
Debt / Equity
DNUT
DNUT
EQR
EQR
Q4 25
1.40×
0.75×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
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
DNUT
DNUT
EQR
EQR
Operating Cash FlowLast quarter
$45.0M
$387.0M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
EQR
EQR
Q4 25
$45.0M
$387.0M
Q3 25
$42.3M
$476.7M
Q2 25
$-32.5M
$359.5M
Q1 25
$-20.8M
$425.5M
Q4 24
$27.0M
$354.2M
Q3 24
$3.3M
$401.4M
Q2 24
$33.2M
$396.9M
Q1 24
$-17.7M
$421.0M
Free Cash Flow
DNUT
DNUT
EQR
EQR
Q4 25
$27.9M
Q3 25
$15.5M
Q2 25
$-60.8M
Q1 25
$-46.7M
Q4 24
$-6.9M
Q3 24
$-22.9M
Q2 24
$1.6M
Q1 24
$-46.8M
FCF Margin
DNUT
DNUT
EQR
EQR
Q4 25
7.1%
Q3 25
4.1%
Q2 25
-16.0%
Q1 25
-12.5%
Q4 24
-1.7%
Q3 24
-6.0%
Q2 24
0.4%
Q1 24
-10.6%
Capex Intensity
DNUT
DNUT
EQR
EQR
Q4 25
4.4%
Q3 25
7.1%
Q2 25
7.4%
Q1 25
6.9%
Q4 24
8.4%
Q3 24
6.9%
Q2 24
7.2%
Q1 24
6.6%
Cash Conversion
DNUT
DNUT
EQR
EQR
Q4 25
1.01×
Q3 25
1.65×
Q2 25
1.87×
Q1 25
1.66×
Q4 24
0.85×
Q3 24
0.08×
2.80×
Q2 24
2.24×
Q1 24
1.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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