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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Guardian Pharmacy Services, Inc. (GRDN). Click either name above to swap in a different company.

Guardian Pharmacy Services, Inc. is the larger business by last-quarter revenue ($397.6M vs $392.4M, roughly 1.0× Krispy Kreme, Inc.). Guardian Pharmacy Services, Inc. runs the higher net margin — 5.3% vs -7.1%, a 12.3% gap on every dollar of revenue.

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...

CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.

DNUT vs GRDN — Head-to-Head

Bigger by revenue
GRDN
GRDN
1.0× larger
GRDN
$397.6M
$392.4M
DNUT
Higher net margin
GRDN
GRDN
12.3% more per $
GRDN
5.3%
-7.1%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
GRDN
GRDN
Revenue
$392.4M
$397.6M
Net Profit
$-27.8M
$20.9M
Gross Margin
21.5%
Operating Margin
-1.9%
7.7%
Net Margin
-7.1%
5.3%
Revenue YoY
-2.9%
Net Profit YoY
-23.8%
EPS (diluted)
$-0.18

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
GRDN
GRDN
Q4 25
$392.4M
$397.6M
Q3 25
$375.3M
$377.4M
Q2 25
$379.8M
$344.3M
Q1 25
$375.2M
$329.3M
Q4 24
$404.0M
Q3 24
$379.9M
$314.4M
Q2 24
$438.8M
Q1 24
$442.7M
Net Profit
DNUT
DNUT
GRDN
GRDN
Q4 25
$-27.8M
$20.9M
Q3 25
$-19.4M
$9.8M
Q2 25
$-435.3M
$9.0M
Q1 25
$-33.3M
$9.4M
Q4 24
$-22.4M
Q3 24
$39.6M
$-122.0M
Q2 24
$-5.5M
Q1 24
$-8.5M
Gross Margin
DNUT
DNUT
GRDN
GRDN
Q4 25
21.5%
Q3 25
19.8%
Q2 25
19.8%
Q1 25
19.5%
Q4 24
Q3 24
19.4%
Q2 24
Q1 24
Operating Margin
DNUT
DNUT
GRDN
GRDN
Q4 25
-1.9%
7.7%
Q3 25
-1.9%
4.3%
Q2 25
-114.4%
3.7%
Q1 25
-5.4%
3.9%
Q4 24
-2.8%
Q3 24
-4.2%
-33.3%
Q2 24
1.6%
Q1 24
2.7%
Net Margin
DNUT
DNUT
GRDN
GRDN
Q4 25
-7.1%
5.3%
Q3 25
-5.2%
2.6%
Q2 25
-114.6%
2.6%
Q1 25
-8.9%
2.9%
Q4 24
-5.6%
Q3 24
10.4%
-38.8%
Q2 24
-1.3%
Q1 24
-1.9%
EPS (diluted)
DNUT
DNUT
GRDN
GRDN
Q4 25
$-0.18
Q3 25
$-0.11
Q2 25
$-2.55
Q1 25
$-0.20
Q4 24
$-0.13
Q3 24
$0.23
Q2 24
$-0.03
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
GRDN
GRDN
Cash + ST InvestmentsLiquidity on hand
$42.4M
$65.6M
Total DebtLower is stronger
$911.9M
$0
Stockholders' EquityBook value
$650.1M
$217.9M
Total Assets
$2.6B
$412.7M
Debt / EquityLower = less leverage
1.40×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
GRDN
GRDN
Q4 25
$42.4M
$65.6M
Q3 25
$30.7M
$36.5M
Q2 25
$21.3M
$18.8M
Q1 25
$18.7M
$14.0M
Q4 24
$29.0M
Q3 24
$25.4M
$37.2M
Q2 24
$28.6M
Q1 24
$33.1M
Total Debt
DNUT
DNUT
GRDN
GRDN
Q4 25
$911.9M
$0
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
Q3 24
$804.6M
$34.3M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
GRDN
GRDN
Q4 25
$650.1M
$217.9M
Q3 25
$670.3M
$195.5M
Q2 25
$693.6M
$179.7M
Q1 25
$1.1B
$163.2M
Q4 24
$1.1B
Q3 24
$1.2B
$133.9M
Q2 24
$1.1B
Q1 24
$1.2B
Total Assets
DNUT
DNUT
GRDN
GRDN
Q4 25
$2.6B
$412.7M
Q3 25
$2.6B
$390.0M
Q2 25
$2.6B
$356.3M
Q1 25
$3.1B
$334.0M
Q4 24
$3.1B
Q3 24
$3.1B
$348.0M
Q2 24
$3.2B
Q1 24
$3.2B
Debt / Equity
DNUT
DNUT
GRDN
GRDN
Q4 25
1.40×
0.00×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
Q3 24
0.68×
0.26×
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
GRDN
GRDN
Operating Cash FlowLast quarter
$45.0M
$34.6M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
GRDN
GRDN
Q4 25
$45.0M
$34.6M
Q3 25
$42.3M
$28.2M
Q2 25
$-32.5M
$19.9M
Q1 25
$-20.8M
$17.6M
Q4 24
$27.0M
Q3 24
$3.3M
Q2 24
$33.2M
Q1 24
$-17.7M
Free Cash Flow
DNUT
DNUT
GRDN
GRDN
Q4 25
$27.9M
Q3 25
$15.5M
$24.2M
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
GRDN
GRDN
Q4 25
7.1%
Q3 25
4.1%
6.4%
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
GRDN
GRDN
Q4 25
4.4%
Q3 25
7.1%
1.1%
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
GRDN
GRDN
Q4 25
1.65×
Q3 25
2.87×
Q2 25
2.21×
Q1 25
1.86×
Q4 24
Q3 24
0.08×
Q2 24
Q1 24

Financial Flow Comparison

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

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