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

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $273.0M, roughly 1.4× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -7.1%, a 12.7% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-157.1M). Over the past eight quarters, Krispy Kreme, Inc.'s revenue compounded faster (-5.9% CAGR vs -9.6%).

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...

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

DNUT vs FOR — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.4× larger
DNUT
$392.4M
$273.0M
FOR
Growing faster (revenue YoY)
FOR
FOR
+11.9% gap
FOR
9.0%
-2.9%
DNUT
Higher net margin
FOR
FOR
12.7% more per $
FOR
5.6%
-7.1%
DNUT
More free cash flow
DNUT
DNUT
$185.0M more FCF
DNUT
$27.9M
$-157.1M
FOR
Faster 2-yr revenue CAGR
DNUT
DNUT
Annualised
DNUT
-5.9%
-9.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DNUT
DNUT
FOR
FOR
Revenue
$392.4M
$273.0M
Net Profit
$-27.8M
$15.4M
Gross Margin
20.1%
Operating Margin
-1.9%
7.6%
Net Margin
-7.1%
5.6%
Revenue YoY
-2.9%
9.0%
Net Profit YoY
-23.8%
-6.7%
EPS (diluted)
$-0.18
$0.30

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
FOR
FOR
Q4 25
$392.4M
$273.0M
Q3 25
$375.3M
$670.5M
Q2 25
$379.8M
$390.5M
Q1 25
$375.2M
$351.0M
Q4 24
$404.0M
$250.4M
Q3 24
$379.9M
$551.3M
Q2 24
$438.8M
$318.4M
Q1 24
$442.7M
$333.8M
Net Profit
DNUT
DNUT
FOR
FOR
Q4 25
$-27.8M
$15.4M
Q3 25
$-19.4M
$86.9M
Q2 25
$-435.3M
$32.9M
Q1 25
$-33.3M
$31.6M
Q4 24
$-22.4M
$16.5M
Q3 24
$39.6M
$81.5M
Q2 24
$-5.5M
$38.7M
Q1 24
$-8.5M
$45.0M
Gross Margin
DNUT
DNUT
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
DNUT
DNUT
FOR
FOR
Q4 25
-1.9%
7.6%
Q3 25
-1.9%
16.9%
Q2 25
-114.4%
11.2%
Q1 25
-5.4%
11.6%
Q4 24
-2.8%
8.7%
Q3 24
-4.2%
19.7%
Q2 24
1.6%
16.2%
Q1 24
2.7%
17.6%
Net Margin
DNUT
DNUT
FOR
FOR
Q4 25
-7.1%
5.6%
Q3 25
-5.2%
13.0%
Q2 25
-114.6%
8.4%
Q1 25
-8.9%
9.0%
Q4 24
-5.6%
6.6%
Q3 24
10.4%
14.8%
Q2 24
-1.3%
12.2%
Q1 24
-1.9%
13.5%
EPS (diluted)
DNUT
DNUT
FOR
FOR
Q4 25
$-0.18
$0.30
Q3 25
$-0.11
$1.70
Q2 25
$-2.55
$0.65
Q1 25
$-0.20
$0.62
Q4 24
$-0.13
$0.32
Q3 24
$0.23
$1.59
Q2 24
$-0.03
$0.76
Q1 24
$-0.05
$0.89

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$42.4M
$211.7M
Total DebtLower is stronger
$911.9M
$793.2M
Stockholders' EquityBook value
$650.1M
$1.8B
Total Assets
$2.6B
$3.2B
Debt / EquityLower = less leverage
1.40×
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
FOR
FOR
Q4 25
$42.4M
$211.7M
Q3 25
$30.7M
$379.2M
Q2 25
$21.3M
$189.2M
Q1 25
$18.7M
$174.3M
Q4 24
$29.0M
$132.0M
Q3 24
$25.4M
$481.2M
Q2 24
$28.6M
$359.2M
Q1 24
$33.1M
$416.2M
Total Debt
DNUT
DNUT
FOR
FOR
Q4 25
$911.9M
$793.2M
Q3 25
$906.2M
$802.7M
Q2 25
$889.4M
$872.8M
Q1 25
$935.0M
$872.5M
Q4 24
$844.5M
$806.8M
Q3 24
$804.6M
$706.4M
Q2 24
$895.0M
$706.1M
Q1 24
$881.8M
$705.7M
Stockholders' Equity
DNUT
DNUT
FOR
FOR
Q4 25
$650.1M
$1.8B
Q3 25
$670.3M
$1.8B
Q2 25
$693.6M
$1.7B
Q1 25
$1.1B
$1.6B
Q4 24
$1.1B
$1.6B
Q3 24
$1.2B
$1.6B
Q2 24
$1.1B
$1.5B
Q1 24
$1.2B
$1.5B
Total Assets
DNUT
DNUT
FOR
FOR
Q4 25
$2.6B
$3.2B
Q3 25
$2.6B
$3.1B
Q2 25
$2.6B
$3.1B
Q1 25
$3.1B
$3.0B
Q4 24
$3.1B
$3.0B
Q3 24
$3.1B
$2.8B
Q2 24
$3.2B
$2.7B
Q1 24
$3.2B
$2.6B
Debt / Equity
DNUT
DNUT
FOR
FOR
Q4 25
1.40×
0.44×
Q3 25
1.35×
0.45×
Q2 25
1.28×
0.52×
Q1 25
0.85×
0.53×
Q4 24
0.74×
0.50×
Q3 24
0.68×
0.44×
Q2 24
0.79×
0.47×
Q1 24
0.76×
0.48×

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
FOR
FOR
Operating Cash FlowLast quarter
$45.0M
$-157.0M
Free Cash FlowOCF − Capex
$27.9M
$-157.1M
FCF MarginFCF / Revenue
7.1%
-57.5%
Capex IntensityCapex / Revenue
4.4%
0.0%
Cash ConversionOCF / Net Profit
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
FOR
FOR
Q4 25
$45.0M
$-157.0M
Q3 25
$42.3M
$256.3M
Q2 25
$-32.5M
$15.8M
Q1 25
$-20.8M
$-19.8M
Q4 24
$27.0M
$-450.0M
Q3 24
$3.3M
$119.2M
Q2 24
$33.2M
$-61.7M
Q1 24
$-17.7M
$-59.2M
Free Cash Flow
DNUT
DNUT
FOR
FOR
Q4 25
$27.9M
$-157.1M
Q3 25
$15.5M
$255.6M
Q2 25
$-60.8M
$15.0M
Q1 25
$-46.7M
$-20.5M
Q4 24
$-6.9M
Q3 24
$-22.9M
$118.4M
Q2 24
$1.6M
$-62.3M
Q1 24
$-46.8M
$-59.8M
FCF Margin
DNUT
DNUT
FOR
FOR
Q4 25
7.1%
-57.5%
Q3 25
4.1%
38.1%
Q2 25
-16.0%
3.8%
Q1 25
-12.5%
-5.8%
Q4 24
-1.7%
Q3 24
-6.0%
21.5%
Q2 24
0.4%
-19.6%
Q1 24
-10.6%
-17.9%
Capex Intensity
DNUT
DNUT
FOR
FOR
Q4 25
4.4%
0.0%
Q3 25
7.1%
0.1%
Q2 25
7.4%
0.2%
Q1 25
6.9%
0.2%
Q4 24
8.4%
0.0%
Q3 24
6.9%
0.1%
Q2 24
7.2%
0.2%
Q1 24
6.6%
0.2%
Cash Conversion
DNUT
DNUT
FOR
FOR
Q4 25
-10.19×
Q3 25
2.95×
Q2 25
0.48×
Q1 25
-0.63×
Q4 24
-27.27×
Q3 24
0.08×
1.46×
Q2 24
-1.59×
Q1 24
-1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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