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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $199.4M, roughly 2.0× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs -7.1%, a 15.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -2.9%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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...
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
DNUT vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $199.4M |
| Net Profit | $-27.8M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 16.6% |
| Net Margin | -7.1% | 8.1% |
| Revenue YoY | -2.9% | 1.5% |
| Net Profit YoY | -23.8% | -29.2% |
| EPS (diluted) | $-0.18 | $0.45 |
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.
| Q4 25 | $392.4M | $199.4M | ||
| Q3 25 | $375.3M | $243.5M | ||
| Q2 25 | $379.8M | $197.8M | ||
| Q1 25 | $375.2M | $164.9M | ||
| Q4 24 | $404.0M | $196.5M | ||
| Q3 24 | $379.9M | $216.7M | ||
| Q2 24 | $438.8M | $173.1M | ||
| Q1 24 | $442.7M | $150.0M |
| Q4 25 | $-27.8M | $16.2M | ||
| Q3 25 | $-19.4M | $45.1M | ||
| Q2 25 | $-435.3M | $24.7M | ||
| Q1 25 | $-33.3M | $16.6M | ||
| Q4 24 | $-22.4M | $22.9M | ||
| Q3 24 | $39.6M | $38.7M | ||
| Q2 24 | $-5.5M | $20.7M | ||
| Q1 24 | $-8.5M | $11.7M |
| Q4 25 | -1.9% | 16.6% | ||
| Q3 25 | -1.9% | 26.5% | ||
| Q2 25 | -114.4% | 22.2% | ||
| Q1 25 | -5.4% | 21.8% | ||
| Q4 24 | -2.8% | 22.2% | ||
| Q3 24 | -4.2% | 26.9% | ||
| Q2 24 | 1.6% | 23.4% | ||
| Q1 24 | 2.7% | 18.6% |
| Q4 25 | -7.1% | 8.1% | ||
| Q3 25 | -5.2% | 18.5% | ||
| Q2 25 | -114.6% | 12.5% | ||
| Q1 25 | -8.9% | 10.0% | ||
| Q4 24 | -5.6% | 11.7% | ||
| Q3 24 | 10.4% | 17.8% | ||
| Q2 24 | -1.3% | 12.0% | ||
| Q1 24 | -1.9% | 7.8% |
| Q4 25 | $-0.18 | $0.45 | ||
| Q3 25 | $-0.11 | $1.27 | ||
| Q2 25 | $-2.55 | $0.71 | ||
| Q1 25 | $-0.20 | $0.49 | ||
| Q4 24 | $-0.13 | $0.70 | ||
| Q3 24 | $0.23 | $1.17 | ||
| Q2 24 | $-0.03 | $0.64 | ||
| Q1 24 | $-0.05 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $42.4M | $20.7M |
| Total DebtLower is stronger | $911.9M | $1.9B |
| Stockholders' EquityBook value | $650.1M | $1.5B |
| Total Assets | $2.6B | $5.1B |
| Debt / EquityLower = less leverage | 1.40× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $20.7M | ||
| Q3 25 | $30.7M | $11.3M | ||
| Q2 25 | $21.3M | $19.8M | ||
| Q1 25 | $18.7M | $23.7M | ||
| Q4 24 | $29.0M | $11.1M | ||
| Q3 24 | $25.4M | $4.0M | ||
| Q2 24 | $28.6M | $22.8M | ||
| Q1 24 | $33.1M | $4.5M |
| Q4 25 | $911.9M | $1.9B | ||
| Q3 25 | $906.2M | — | ||
| Q2 25 | $889.4M | — | ||
| Q1 25 | $935.0M | — | ||
| Q4 24 | $844.5M | $1.7B | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $895.0M | — | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $1.5B | ||
| Q3 25 | $670.3M | $1.5B | ||
| Q2 25 | $693.6M | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $2.6B | $5.1B | ||
| Q3 25 | $2.6B | $5.0B | ||
| Q2 25 | $2.6B | $4.8B | ||
| Q1 25 | $3.1B | $4.7B | ||
| Q4 24 | $3.1B | $4.7B | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $3.2B | $4.4B | ||
| Q1 24 | $3.2B | $4.4B |
| Q4 25 | 1.40× | 1.23× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.74× | 1.26× | ||
| Q3 24 | 0.68× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $45.0M | $63.5M |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $63.5M | ||
| Q3 25 | $42.3M | $77.3M | ||
| Q2 25 | $-32.5M | $60.8M | ||
| Q1 25 | $-20.8M | $43.2M | ||
| Q4 24 | $27.0M | $41.5M | ||
| Q3 24 | $3.3M | $53.5M | ||
| Q2 24 | $33.2M | $49.3M | ||
| Q1 24 | $-17.7M | $51.2M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $15.5M | — | ||
| Q2 25 | $-60.8M | — | ||
| Q1 25 | $-46.7M | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $-22.9M | — | ||
| Q2 24 | $1.6M | — | ||
| Q1 24 | $-46.8M | — |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | -16.0% | — | ||
| Q1 25 | -12.5% | — | ||
| Q4 24 | -1.7% | — | ||
| Q3 24 | -6.0% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -10.6% | — |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 6.9% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 6.6% | — |
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 0.08× | 1.39× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | — | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
