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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $274.5M, roughly 1.4× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -7.1%, a 11.9% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% 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...
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
DNUT vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $274.5M |
| Net Profit | $-27.8M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | -1.9% | 1.2% |
| Net Margin | -7.1% | 4.8% |
| Revenue YoY | -2.9% | 17.1% |
| Net Profit YoY | -23.8% | 69.8% |
| 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.
| Q4 25 | $392.4M | $274.5M | ||
| Q3 25 | $375.3M | $250.8M | ||
| Q2 25 | $379.8M | $250.7M | ||
| Q1 25 | $375.2M | $227.8M | ||
| Q4 24 | $404.0M | $234.3M | ||
| Q3 24 | $379.9M | $233.1M | ||
| Q2 24 | $438.8M | $257.6M | ||
| Q1 24 | $442.7M | $252.0M |
| Q4 25 | $-27.8M | $13.3M | ||
| Q3 25 | $-19.4M | $7.5M | ||
| Q2 25 | $-435.3M | $6.6M | ||
| Q1 25 | $-33.3M | $3.8M | ||
| Q4 24 | $-22.4M | $7.8M | ||
| Q3 24 | $39.6M | $-233.6M | ||
| Q2 24 | $-5.5M | $20.2M | ||
| Q1 24 | $-8.5M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | -1.9% | 1.2% | ||
| Q3 25 | -1.9% | 3.1% | ||
| Q2 25 | -114.4% | 0.0% | ||
| Q1 25 | -5.4% | 0.8% | ||
| Q4 24 | -2.8% | 6.0% | ||
| Q3 24 | -4.2% | -108.7% | ||
| Q2 24 | 1.6% | 4.7% | ||
| Q1 24 | 2.7% | 7.6% |
| Q4 25 | -7.1% | 4.8% | ||
| Q3 25 | -5.2% | 3.0% | ||
| Q2 25 | -114.6% | 2.6% | ||
| Q1 25 | -8.9% | 1.6% | ||
| Q4 24 | -5.6% | 3.3% | ||
| Q3 24 | 10.4% | -100.2% | ||
| Q2 24 | -1.3% | 7.8% | ||
| Q1 24 | -1.9% | 9.6% |
| Q4 25 | $-0.18 | $0.30 | ||
| Q3 25 | $-0.11 | $0.18 | ||
| Q2 25 | $-2.55 | $0.16 | ||
| Q1 25 | $-0.20 | $0.09 | ||
| Q4 24 | $-0.13 | $0.27 | ||
| Q3 24 | $0.23 | $-5.33 | ||
| Q2 24 | $-0.03 | $0.45 | ||
| Q1 24 | $-0.05 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $2.1B |
| Total Assets | $2.6B | $2.4B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $839.3M | ||
| Q3 25 | $30.7M | $870.4M | ||
| Q2 25 | $21.3M | $899.6M | ||
| Q1 25 | $18.7M | $926.9M | ||
| Q4 24 | $29.0M | $930.2M | ||
| Q3 24 | $25.4M | $1.0B | ||
| Q2 24 | $28.6M | $1.1B | ||
| Q1 24 | $33.1M | $1.1B |
| 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 | — | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $2.1B | ||
| Q3 25 | $670.3M | $2.1B | ||
| Q2 25 | $693.6M | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.1B | $2.3B | ||
| Q1 24 | $1.2B | $2.3B |
| Q4 25 | $2.6B | $2.4B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $3.2B | $2.5B | ||
| Q1 24 | $3.2B | $2.6B |
| 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× | — | ||
| 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 | $28.8M |
| Free Cash FlowOCF − Capex | $27.9M | $10.9M |
| FCF MarginFCF / Revenue | 7.1% | 4.0% |
| Capex IntensityCapex / Revenue | 4.4% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $28.8M | ||
| Q3 25 | $42.3M | $35.3M | ||
| Q2 25 | $-32.5M | $-2.2M | ||
| Q1 25 | $-20.8M | $13.4M | ||
| Q4 24 | $27.0M | $73.8M | ||
| Q3 24 | $3.3M | $66.1M | ||
| Q2 24 | $33.2M | $53.5M | ||
| Q1 24 | $-17.7M | $54.6M |
| Q4 25 | $27.9M | $10.9M | ||
| Q3 25 | $15.5M | $14.6M | ||
| Q2 25 | $-60.8M | $-17.6M | ||
| Q1 25 | $-46.7M | $-11.4M | ||
| Q4 24 | $-6.9M | $50.6M | ||
| Q3 24 | $-22.9M | $43.0M | ||
| Q2 24 | $1.6M | $29.2M | ||
| Q1 24 | $-46.8M | $26.5M |
| Q4 25 | 7.1% | 4.0% | ||
| Q3 25 | 4.1% | 5.8% | ||
| Q2 25 | -16.0% | -7.0% | ||
| Q1 25 | -12.5% | -5.0% | ||
| Q4 24 | -1.7% | 21.6% | ||
| Q3 24 | -6.0% | 18.4% | ||
| Q2 24 | 0.4% | 11.3% | ||
| Q1 24 | -10.6% | 10.5% |
| Q4 25 | 4.4% | 6.5% | ||
| Q3 25 | 7.1% | 8.3% | ||
| Q2 25 | 7.4% | 6.1% | ||
| Q1 25 | 6.9% | 10.9% | ||
| Q4 24 | 8.4% | 9.9% | ||
| Q3 24 | 6.9% | 9.9% | ||
| Q2 24 | 7.2% | 9.4% | ||
| Q1 24 | 6.6% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
