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

ExlService Holdings, Inc. is the larger business by last-quarter revenue ($542.6M vs $392.4M, roughly 1.4× Krispy Kreme, Inc.). ExlService Holdings, Inc. runs the higher net margin — 11.1% vs -7.1%, a 18.2% gap on every dollar of revenue. On growth, ExlService Holdings, Inc. posted the faster year-over-year revenue change (12.7% vs -2.9%). ExlService Holdings, Inc. produced more free cash flow last quarter ($106.5M vs $27.9M). Over the past eight quarters, ExlService Holdings, Inc.'s revenue compounded faster (11.5% 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...

Exlservice Holdings, Inc. is a global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and others. The company is headquartered in New York and has more than 54,000 professionals in locations throughout the United States, Europe, Asia, Latin America, Australia and South Africa.

DNUT vs EXLS — Head-to-Head

Bigger by revenue
EXLS
EXLS
1.4× larger
EXLS
$542.6M
$392.4M
DNUT
Growing faster (revenue YoY)
EXLS
EXLS
+15.6% gap
EXLS
12.7%
-2.9%
DNUT
Higher net margin
EXLS
EXLS
18.2% more per $
EXLS
11.1%
-7.1%
DNUT
More free cash flow
EXLS
EXLS
$78.6M more FCF
EXLS
$106.5M
$27.9M
DNUT
Faster 2-yr revenue CAGR
EXLS
EXLS
Annualised
EXLS
11.5%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
EXLS
EXLS
Revenue
$392.4M
$542.6M
Net Profit
$-27.8M
$60.2M
Gross Margin
38.6%
Operating Margin
-1.9%
14.4%
Net Margin
-7.1%
11.1%
Revenue YoY
-2.9%
12.7%
Net Profit YoY
-23.8%
18.9%
EPS (diluted)
$-0.18
$0.38

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
EXLS
EXLS
Q4 25
$392.4M
$542.6M
Q3 25
$375.3M
$529.6M
Q2 25
$379.8M
$514.5M
Q1 25
$375.2M
$501.0M
Q4 24
$404.0M
$481.4M
Q3 24
$379.9M
$472.1M
Q2 24
$438.8M
$448.4M
Q1 24
$442.7M
$436.5M
Net Profit
DNUT
DNUT
EXLS
EXLS
Q4 25
$-27.8M
$60.2M
Q3 25
$-19.4M
$58.2M
Q2 25
$-435.3M
$66.1M
Q1 25
$-33.3M
$66.6M
Q4 24
$-22.4M
$50.7M
Q3 24
$39.6M
$53.0M
Q2 24
$-5.5M
$45.8M
Q1 24
$-8.5M
$48.8M
Gross Margin
DNUT
DNUT
EXLS
EXLS
Q4 25
38.6%
Q3 25
38.5%
Q2 25
37.7%
Q1 25
38.6%
Q4 24
38.1%
Q3 24
37.8%
Q2 24
37.1%
Q1 24
37.4%
Operating Margin
DNUT
DNUT
EXLS
EXLS
Q4 25
-1.9%
14.4%
Q3 25
-1.9%
14.4%
Q2 25
-114.4%
15.8%
Q1 25
-5.4%
15.7%
Q4 24
-2.8%
14.8%
Q3 24
-4.2%
14.7%
Q2 24
1.6%
13.7%
Q1 24
2.7%
14.1%
Net Margin
DNUT
DNUT
EXLS
EXLS
Q4 25
-7.1%
11.1%
Q3 25
-5.2%
11.0%
Q2 25
-114.6%
12.8%
Q1 25
-8.9%
13.3%
Q4 24
-5.6%
10.5%
Q3 24
10.4%
11.2%
Q2 24
-1.3%
10.2%
Q1 24
-1.9%
11.2%
EPS (diluted)
DNUT
DNUT
EXLS
EXLS
Q4 25
$-0.18
$0.38
Q3 25
$-0.11
$0.36
Q2 25
$-2.55
$0.40
Q1 25
$-0.20
$0.40
Q4 24
$-0.13
$0.31
Q3 24
$0.23
$0.33
Q2 24
$-0.03
$0.28
Q1 24
$-0.05
$0.29

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
EXLS
EXLS
Cash + ST InvestmentsLiquidity on hand
$42.4M
$328.4M
Total DebtLower is stronger
$911.9M
$298.6M
Stockholders' EquityBook value
$650.1M
$912.7M
Total Assets
$2.6B
$1.7B
Debt / EquityLower = less leverage
1.40×
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
EXLS
EXLS
Q4 25
$42.4M
$328.4M
Q3 25
$30.7M
$390.1M
Q2 25
$21.3M
$353.3M
Q1 25
$18.7M
$331.4M
Q4 24
$29.0M
$340.6M
Q3 24
$25.4M
$325.8M
Q2 24
$28.6M
$276.1M
Q1 24
$33.1M
$246.2M
Total Debt
DNUT
DNUT
EXLS
EXLS
Q4 25
$911.9M
$298.6M
Q3 25
$906.2M
$354.8M
Q2 25
$889.4M
$260.0M
Q1 25
$935.0M
$307.3M
Q4 24
$844.5M
$288.5M
Q3 24
$804.6M
$344.7M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
EXLS
EXLS
Q4 25
$650.1M
$912.7M
Q3 25
$670.3M
$952.4M
Q2 25
$693.6M
$1.1B
Q1 25
$1.1B
$1.0B
Q4 24
$1.1B
$929.9M
Q3 24
$1.2B
$907.6M
Q2 24
$1.1B
$852.6M
Q1 24
$1.2B
$803.3M
Total Assets
DNUT
DNUT
EXLS
EXLS
Q4 25
$2.6B
$1.7B
Q3 25
$2.6B
$1.7B
Q2 25
$2.6B
$1.7B
Q1 25
$3.1B
$1.7B
Q4 24
$3.1B
$1.6B
Q3 24
$3.1B
$1.6B
Q2 24
$3.2B
$1.5B
Q1 24
$3.2B
$1.4B
Debt / Equity
DNUT
DNUT
EXLS
EXLS
Q4 25
1.40×
0.33×
Q3 25
1.35×
0.37×
Q2 25
1.28×
0.25×
Q1 25
0.85×
0.30×
Q4 24
0.74×
0.31×
Q3 24
0.68×
0.38×
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
EXLS
EXLS
Operating Cash FlowLast quarter
$45.0M
$117.4M
Free Cash FlowOCF − Capex
$27.9M
$106.5M
FCF MarginFCF / Revenue
7.1%
19.6%
Capex IntensityCapex / Revenue
4.4%
2.0%
Cash ConversionOCF / Net Profit
1.95×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$298.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
EXLS
EXLS
Q4 25
$45.0M
$117.4M
Q3 25
$42.3M
$120.7M
Q2 25
$-32.5M
$109.4M
Q1 25
$-20.8M
$3.2M
Q4 24
$27.0M
$105.3M
Q3 24
$3.3M
$110.1M
Q2 24
$33.2M
$74.9M
Q1 24
$-17.7M
$-21.9M
Free Cash Flow
DNUT
DNUT
EXLS
EXLS
Q4 25
$27.9M
$106.5M
Q3 25
$15.5M
$106.4M
Q2 25
$-60.8M
$95.0M
Q1 25
$-46.7M
$-9.7M
Q4 24
$-6.9M
$95.3M
Q3 24
$-22.9M
$97.3M
Q2 24
$1.6M
$62.8M
Q1 24
$-46.8M
$-33.1M
FCF Margin
DNUT
DNUT
EXLS
EXLS
Q4 25
7.1%
19.6%
Q3 25
4.1%
20.1%
Q2 25
-16.0%
18.5%
Q1 25
-12.5%
-1.9%
Q4 24
-1.7%
19.8%
Q3 24
-6.0%
20.6%
Q2 24
0.4%
14.0%
Q1 24
-10.6%
-7.6%
Capex Intensity
DNUT
DNUT
EXLS
EXLS
Q4 25
4.4%
2.0%
Q3 25
7.1%
2.7%
Q2 25
7.4%
2.8%
Q1 25
6.9%
2.6%
Q4 24
8.4%
2.1%
Q3 24
6.9%
2.7%
Q2 24
7.2%
2.7%
Q1 24
6.6%
2.6%
Cash Conversion
DNUT
DNUT
EXLS
EXLS
Q4 25
1.95×
Q3 25
2.08×
Q2 25
1.66×
Q1 25
0.05×
Q4 24
2.08×
Q3 24
0.08×
2.08×
Q2 24
1.63×
Q1 24
-0.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

EXLS
EXLS

Insurance$185.8M34%
Healthcare And Life Sciences$142.2M26%
Banking Capital Markets And Diversified Industries$122.6M23%
International Growth Markets$92.0M17%

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