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

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $300.5M, roughly 1.3× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs -7.1%, a 20.1% gap on every dollar of revenue. Over the past eight quarters, Hilltop Holdings Inc.'s revenue compounded faster (0.6% 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...

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

DNUT vs HTH — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.3× larger
DNUT
$392.4M
$300.5M
HTH
Higher net margin
HTH
HTH
20.1% more per $
HTH
13.0%
-7.1%
DNUT
Faster 2-yr revenue CAGR
HTH
HTH
Annualised
HTH
0.6%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DNUT
DNUT
HTH
HTH
Revenue
$392.4M
$300.5M
Net Profit
$-27.8M
$39.0M
Gross Margin
Operating Margin
-1.9%
Net Margin
-7.1%
13.0%
Revenue YoY
-2.9%
Net Profit YoY
-23.8%
-12.4%
EPS (diluted)
$-0.18
$0.64

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
HTH
HTH
Q1 26
$300.5M
Q4 25
$392.4M
$329.9M
Q3 25
$375.3M
$330.2M
Q2 25
$379.8M
$303.3M
Q1 25
$375.2M
$318.5M
Q4 24
$404.0M
$301.1M
Q3 24
$379.9M
$305.5M
Q2 24
$438.8M
$297.0M
Net Profit
DNUT
DNUT
HTH
HTH
Q1 26
$39.0M
Q4 25
$-27.8M
$41.6M
Q3 25
$-19.4M
$45.8M
Q2 25
$-435.3M
$36.1M
Q1 25
$-33.3M
$42.1M
Q4 24
$-22.4M
$35.5M
Q3 24
$39.6M
$29.7M
Q2 24
$-5.5M
$20.3M
Operating Margin
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
-1.9%
16.1%
Q3 25
-1.9%
18.4%
Q2 25
-114.4%
16.3%
Q1 25
-5.4%
18.1%
Q4 24
-2.8%
14.7%
Q3 24
-4.2%
13.9%
Q2 24
1.6%
10.0%
Net Margin
DNUT
DNUT
HTH
HTH
Q1 26
13.0%
Q4 25
-7.1%
12.6%
Q3 25
-5.2%
13.9%
Q2 25
-114.6%
11.9%
Q1 25
-8.9%
13.2%
Q4 24
-5.6%
11.8%
Q3 24
10.4%
9.7%
Q2 24
-1.3%
6.8%
EPS (diluted)
DNUT
DNUT
HTH
HTH
Q1 26
$0.64
Q4 25
$-0.18
$0.68
Q3 25
$-0.11
$0.74
Q2 25
$-2.55
$0.57
Q1 25
$-0.20
$0.65
Q4 24
$-0.13
$0.55
Q3 24
$0.23
$0.46
Q2 24
$-0.03
$0.31

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
HTH
HTH
Cash + ST InvestmentsLiquidity on hand
$42.4M
Total DebtLower is stronger
$911.9M
$990.8M
Stockholders' EquityBook value
$650.1M
$2.2B
Total Assets
$2.6B
$15.7B
Debt / EquityLower = less leverage
1.40×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
$42.4M
Q3 25
$30.7M
Q2 25
$21.3M
Q1 25
$18.7M
Q4 24
$29.0M
Q3 24
$25.4M
Q2 24
$28.6M
Total Debt
DNUT
DNUT
HTH
HTH
Q1 26
$990.8M
Q4 25
$911.9M
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
Q3 24
$804.6M
Q2 24
$895.0M
Stockholders' Equity
DNUT
DNUT
HTH
HTH
Q1 26
$2.2B
Q4 25
$650.1M
$2.2B
Q3 25
$670.3M
$2.2B
Q2 25
$693.6M
$2.2B
Q1 25
$1.1B
$2.2B
Q4 24
$1.1B
$2.2B
Q3 24
$1.2B
$2.2B
Q2 24
$1.1B
$2.1B
Total Assets
DNUT
DNUT
HTH
HTH
Q1 26
$15.7B
Q4 25
$2.6B
$15.8B
Q3 25
$2.6B
$15.6B
Q2 25
$2.6B
$15.4B
Q1 25
$3.1B
$15.8B
Q4 24
$3.1B
$16.3B
Q3 24
$3.1B
$15.9B
Q2 24
$3.2B
$15.6B
Debt / Equity
DNUT
DNUT
HTH
HTH
Q1 26
0.46×
Q4 25
1.40×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
Q3 24
0.68×
Q2 24
0.79×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
$45.0M
$-38.7M
Q3 25
$42.3M
$273.0M
Q2 25
$-32.5M
$-234.6M
Q1 25
$-20.8M
$5.8M
Q4 24
$27.0M
$273.9M
Q3 24
$3.3M
$515.6M
Q2 24
$33.2M
$-435.3M
Free Cash Flow
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
$27.9M
$-55.5M
Q3 25
$15.5M
$271.0M
Q2 25
$-60.8M
$-234.6M
Q1 25
$-46.7M
$5.0M
Q4 24
$-6.9M
$266.8M
Q3 24
$-22.9M
$513.8M
Q2 24
$1.6M
$-437.3M
FCF Margin
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
7.1%
-16.8%
Q3 25
4.1%
82.1%
Q2 25
-16.0%
-77.4%
Q1 25
-12.5%
1.6%
Q4 24
-1.7%
88.6%
Q3 24
-6.0%
168.2%
Q2 24
0.4%
-147.2%
Capex Intensity
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
4.4%
5.1%
Q3 25
7.1%
0.6%
Q2 25
7.4%
0.0%
Q1 25
6.9%
0.3%
Q4 24
8.4%
2.4%
Q3 24
6.9%
0.6%
Q2 24
7.2%
0.7%
Cash Conversion
DNUT
DNUT
HTH
HTH
Q1 26
Q4 25
-0.93×
Q3 25
5.96×
Q2 25
-6.50×
Q1 25
0.14×
Q4 24
7.71×
Q3 24
0.08×
17.36×
Q2 24
-21.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

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