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

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $270.2M, roughly 1.5× Fossil Group, Inc.). Krispy Kreme, Inc. runs the higher net margin — -7.1% vs -14.8%, a 7.7% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -21.1%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-22.5M). Over the past eight quarters, Krispy Kreme, Inc.'s revenue compounded faster (-5.9% CAGR vs -11.4%).

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...

Fossil Group, Inc., is an American fashion design and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.

DNUT vs FOSL — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.5× larger
DNUT
$392.4M
$270.2M
FOSL
Growing faster (revenue YoY)
DNUT
DNUT
+18.2% gap
DNUT
-2.9%
-21.1%
FOSL
Higher net margin
DNUT
DNUT
7.7% more per $
DNUT
-7.1%
-14.8%
FOSL
More free cash flow
DNUT
DNUT
$50.4M more FCF
DNUT
$27.9M
$-22.5M
FOSL
Faster 2-yr revenue CAGR
DNUT
DNUT
Annualised
DNUT
-5.9%
-11.4%
FOSL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DNUT
DNUT
FOSL
FOSL
Revenue
$392.4M
$270.2M
Net Profit
$-27.8M
$-40.0M
Gross Margin
49.0%
Operating Margin
-1.9%
-8.0%
Net Margin
-7.1%
-14.8%
Revenue YoY
-2.9%
-21.1%
Net Profit YoY
-23.8%
-257.8%
EPS (diluted)
$-0.18
$-0.76

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
FOSL
FOSL
Q4 25
$392.4M
$270.2M
Q3 25
$375.3M
$220.4M
Q2 25
$379.8M
$233.3M
Q1 25
$375.2M
Q4 24
$404.0M
$342.3M
Q3 24
$379.9M
$287.8M
Q2 24
$438.8M
$260.0M
Q1 24
$442.7M
$254.9M
Net Profit
DNUT
DNUT
FOSL
FOSL
Q4 25
$-27.8M
$-40.0M
Q3 25
$-19.4M
$-2.1M
Q2 25
$-435.3M
$-17.9M
Q1 25
$-33.3M
Q4 24
$-22.4M
$-11.2M
Q3 24
$39.6M
$-31.9M
Q2 24
$-5.5M
$-38.8M
Q1 24
$-8.5M
$-24.3M
Gross Margin
DNUT
DNUT
FOSL
FOSL
Q4 25
49.0%
Q3 25
57.5%
Q2 25
61.3%
Q1 25
Q4 24
53.9%
Q3 24
49.4%
Q2 24
52.6%
Q1 24
52.4%
Operating Margin
DNUT
DNUT
FOSL
FOSL
Q4 25
-1.9%
-8.0%
Q3 25
-1.9%
3.9%
Q2 25
-114.4%
-2.9%
Q1 25
-5.4%
Q4 24
-2.8%
-4.8%
Q3 24
-4.2%
-8.5%
Q2 24
1.6%
-13.1%
Q1 24
2.7%
-11.5%
Net Margin
DNUT
DNUT
FOSL
FOSL
Q4 25
-7.1%
-14.8%
Q3 25
-5.2%
-1.0%
Q2 25
-114.6%
-7.7%
Q1 25
-8.9%
Q4 24
-5.6%
-3.3%
Q3 24
10.4%
-11.1%
Q2 24
-1.3%
-14.9%
Q1 24
-1.9%
-9.5%
EPS (diluted)
DNUT
DNUT
FOSL
FOSL
Q4 25
$-0.18
$-0.76
Q3 25
$-0.11
$-0.04
Q2 25
$-2.55
$-0.33
Q1 25
$-0.20
Q4 24
$-0.13
$-0.15
Q3 24
$0.23
$-0.60
Q2 24
$-0.03
$-0.73
Q1 24
$-0.05
$-0.46

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
FOSL
FOSL
Cash + ST InvestmentsLiquidity on hand
$42.4M
$79.2M
Total DebtLower is stronger
$911.9M
$169.1M
Stockholders' EquityBook value
$650.1M
$112.6M
Total Assets
$2.6B
$701.0M
Debt / EquityLower = less leverage
1.40×
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
FOSL
FOSL
Q4 25
$42.4M
$79.2M
Q3 25
$30.7M
$109.9M
Q2 25
$21.3M
$78.3M
Q1 25
$18.7M
Q4 24
$29.0M
$123.6M
Q3 24
$25.4M
$106.3M
Q2 24
$28.6M
$104.9M
Q1 24
$33.1M
$112.9M
Total Debt
DNUT
DNUT
FOSL
FOSL
Q4 25
$911.9M
$169.1M
Q3 25
$906.2M
$165.6M
Q2 25
$889.4M
$167.2M
Q1 25
$935.0M
Q4 24
$844.5M
$162.7M
Q3 24
$804.6M
$173.4M
Q2 24
$895.0M
$156.5M
Q1 24
$881.8M
$202.9M
Stockholders' Equity
DNUT
DNUT
FOSL
FOSL
Q4 25
$650.1M
$112.6M
Q3 25
$670.3M
$150.3M
Q2 25
$693.6M
$140.6M
Q1 25
$1.1B
Q4 24
$1.1B
$148.7M
Q3 24
$1.2B
$164.4M
Q2 24
$1.1B
$189.6M
Q1 24
$1.2B
$229.1M
Total Assets
DNUT
DNUT
FOSL
FOSL
Q4 25
$2.6B
$701.0M
Q3 25
$2.6B
$704.5M
Q2 25
$2.6B
$686.0M
Q1 25
$3.1B
Q4 24
$3.1B
$763.6M
Q3 24
$3.1B
$812.4M
Q2 24
$3.2B
$785.7M
Q1 24
$3.2B
$891.0M
Debt / Equity
DNUT
DNUT
FOSL
FOSL
Q4 25
1.40×
1.50×
Q3 25
1.35×
1.10×
Q2 25
1.28×
1.19×
Q1 25
0.85×
Q4 24
0.74×
1.09×
Q3 24
0.68×
1.06×
Q2 24
0.79×
0.83×
Q1 24
0.76×
0.89×

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
FOSL
FOSL
Operating Cash FlowLast quarter
$45.0M
$-22.2M
Free Cash FlowOCF − Capex
$27.9M
$-22.5M
FCF MarginFCF / Revenue
7.1%
-8.3%
Capex IntensityCapex / Revenue
4.4%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
FOSL
FOSL
Q4 25
$45.0M
$-22.2M
Q3 25
$42.3M
$9.4M
Q2 25
$-32.5M
$-60.4M
Q1 25
$-20.8M
Q4 24
$27.0M
$30.5M
Q3 24
$3.3M
$-22.8M
Q2 24
$33.2M
$38.4M
Q1 24
$-17.7M
$622.0K
Free Cash Flow
DNUT
DNUT
FOSL
FOSL
Q4 25
$27.9M
$-22.5M
Q3 25
$15.5M
$8.6M
Q2 25
$-60.8M
$-60.6M
Q1 25
$-46.7M
Q4 24
$-6.9M
$28.5M
Q3 24
$-22.9M
$-24.1M
Q2 24
$1.6M
$36.6M
Q1 24
$-46.8M
$-1.1M
FCF Margin
DNUT
DNUT
FOSL
FOSL
Q4 25
7.1%
-8.3%
Q3 25
4.1%
3.9%
Q2 25
-16.0%
-26.0%
Q1 25
-12.5%
Q4 24
-1.7%
8.3%
Q3 24
-6.0%
-8.4%
Q2 24
0.4%
14.1%
Q1 24
-10.6%
-0.4%
Capex Intensity
DNUT
DNUT
FOSL
FOSL
Q4 25
4.4%
0.1%
Q3 25
7.1%
0.4%
Q2 25
7.4%
0.1%
Q1 25
6.9%
Q4 24
8.4%
0.6%
Q3 24
6.9%
0.4%
Q2 24
7.2%
0.7%
Q1 24
6.6%
0.7%
Cash Conversion
DNUT
DNUT
FOSL
FOSL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.08×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

FOSL
FOSL

Transferred At Point In Time$109.7M41%
Traditional Watches$91.3M34%
Other$50.8M19%
Leathers$9.5M4%
Jewelry$4.0M1%
Smartwatches$3.3M1%
Products Other$1.6M1%

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