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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Essex Property Trust (ESS). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $392.4M, roughly 1.2× Krispy Kreme, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs -7.1%, a 25.0% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -2.9%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% 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...

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

DNUT vs ESS — Head-to-Head

Bigger by revenue
ESS
ESS
1.2× larger
ESS
$479.6M
$392.4M
DNUT
Growing faster (revenue YoY)
ESS
ESS
+8.4% gap
ESS
5.5%
-2.9%
DNUT
Higher net margin
ESS
ESS
25.0% more per $
ESS
17.9%
-7.1%
DNUT
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
ESS
ESS
Revenue
$392.4M
$479.6M
Net Profit
$-27.8M
$85.7M
Gross Margin
70.0%
Operating Margin
-1.9%
31.7%
Net Margin
-7.1%
17.9%
Revenue YoY
-2.9%
5.5%
Net Profit YoY
-23.8%
-71.6%
EPS (diluted)
$-0.18
$1.24

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
ESS
ESS
Q4 25
$392.4M
$479.6M
Q3 25
$375.3M
$473.3M
Q2 25
$379.8M
$469.8M
Q1 25
$375.2M
$464.6M
Q4 24
$404.0M
$454.5M
Q3 24
$379.9M
$450.7M
Q2 24
$438.8M
$442.4M
Q1 24
$442.7M
$426.9M
Net Profit
DNUT
DNUT
ESS
ESS
Q4 25
$-27.8M
$85.7M
Q3 25
$-19.4M
$172.7M
Q2 25
$-435.3M
$231.5M
Q1 25
$-33.3M
$212.8M
Q4 24
$-22.4M
$301.7M
Q3 24
$39.6M
$125.5M
Q2 24
$-5.5M
$99.0M
Q1 24
$-8.5M
$285.1M
Gross Margin
DNUT
DNUT
ESS
ESS
Q4 25
70.0%
Q3 25
69.2%
Q2 25
70.7%
Q1 25
69.6%
Q4 24
70.0%
Q3 24
69.5%
Q2 24
70.8%
Q1 24
69.7%
Operating Margin
DNUT
DNUT
ESS
ESS
Q4 25
-1.9%
31.7%
Q3 25
-1.9%
44.5%
Q2 25
-114.4%
59.5%
Q1 25
-5.4%
55.3%
Q4 24
-2.8%
67.0%
Q3 24
-4.2%
28.6%
Q2 24
1.6%
31.1%
Q1 24
2.7%
31.0%
Net Margin
DNUT
DNUT
ESS
ESS
Q4 25
-7.1%
17.9%
Q3 25
-5.2%
36.5%
Q2 25
-114.6%
49.3%
Q1 25
-8.9%
45.8%
Q4 24
-5.6%
66.4%
Q3 24
10.4%
27.8%
Q2 24
-1.3%
22.4%
Q1 24
-1.9%
66.8%
EPS (diluted)
DNUT
DNUT
ESS
ESS
Q4 25
$-0.18
$1.24
Q3 25
$-0.11
$2.56
Q2 25
$-2.55
$3.44
Q1 25
$-0.20
$3.16
Q4 24
$-0.13
$4.00
Q3 24
$0.23
$1.84
Q2 24
$-0.03
$1.45
Q1 24
$-0.05
$4.25

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$42.4M
$76.2M
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$5.5B
Total Assets
$2.6B
$13.2B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
ESS
ESS
Q4 25
$42.4M
$76.2M
Q3 25
$30.7M
$66.0M
Q2 25
$21.3M
$58.7M
Q1 25
$18.7M
$98.7M
Q4 24
$29.0M
$66.8M
Q3 24
$25.4M
$71.3M
Q2 24
$28.6M
$55.2M
Q1 24
$33.1M
$499.0M
Total Debt
DNUT
DNUT
ESS
ESS
Q4 25
$911.9M
Q3 25
$906.2M
$6.4B
Q2 25
$889.4M
$6.4B
Q1 25
$935.0M
$6.8B
Q4 24
$844.5M
Q3 24
$804.6M
$6.4B
Q2 24
$895.0M
$6.2B
Q1 24
$881.8M
$6.6B
Stockholders' Equity
DNUT
DNUT
ESS
ESS
Q4 25
$650.1M
$5.5B
Q3 25
$670.3M
$5.6B
Q2 25
$693.6M
$5.6B
Q1 25
$1.1B
$5.6B
Q4 24
$1.1B
$5.5B
Q3 24
$1.2B
$5.4B
Q2 24
$1.1B
$5.5B
Q1 24
$1.2B
$5.5B
Total Assets
DNUT
DNUT
ESS
ESS
Q4 25
$2.6B
$13.2B
Q3 25
$2.6B
$13.2B
Q2 25
$2.6B
$13.2B
Q1 25
$3.1B
$13.2B
Q4 24
$3.1B
$12.9B
Q3 24
$3.1B
$12.6B
Q2 24
$3.2B
$12.5B
Q1 24
$3.2B
$12.9B
Debt / Equity
DNUT
DNUT
ESS
ESS
Q4 25
1.40×
Q3 25
1.35×
1.15×
Q2 25
1.28×
1.14×
Q1 25
0.85×
1.22×
Q4 24
0.74×
Q3 24
0.68×
1.18×
Q2 24
0.79×
1.13×
Q1 24
0.76×
1.19×

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
ESS
ESS
Operating Cash FlowLast quarter
$45.0M
$1.1B
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
ESS
ESS
Q4 25
$45.0M
$1.1B
Q3 25
$42.3M
$342.6M
Q2 25
$-32.5M
$216.1M
Q1 25
$-20.8M
$281.5M
Q4 24
$27.0M
$1.1B
Q3 24
$3.3M
$316.2M
Q2 24
$33.2M
$218.9M
Q1 24
$-17.7M
$314.9M
Free Cash Flow
DNUT
DNUT
ESS
ESS
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
ESS
ESS
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
ESS
ESS
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
ESS
ESS
Q4 25
12.53×
Q3 25
1.98×
Q2 25
0.93×
Q1 25
1.32×
Q4 24
3.54×
Q3 24
0.08×
2.52×
Q2 24
2.21×
Q1 24
1.10×

Financial Flow Comparison

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

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