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

Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $392.4M, roughly 1.1× Krispy Kreme, Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -7.1%, a 13.9% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $27.9M). Over the past eight quarters, Krispy Kreme, Inc.'s revenue compounded faster (-5.9% CAGR vs -6.7%).

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...

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.

DNUT vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
1.1× larger
KOP
$432.7M
$392.4M
DNUT
Growing faster (revenue YoY)
DNUT
DNUT
+6.4% gap
DNUT
-2.9%
-9.3%
KOP
Higher net margin
KOP
KOP
13.9% more per $
KOP
6.9%
-7.1%
DNUT
More free cash flow
KOP
KOP
$566.0K more FCF
KOP
$28.5M
$27.9M
DNUT
Faster 2-yr revenue CAGR
DNUT
DNUT
Annualised
DNUT
-5.9%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
KOP
KOP
Revenue
$392.4M
$432.7M
Net Profit
$-27.8M
$29.7M
Gross Margin
25.6%
Operating Margin
-1.9%
11.5%
Net Margin
-7.1%
6.9%
Revenue YoY
-2.9%
-9.3%
Net Profit YoY
-23.8%
391.2%
EPS (diluted)
$-0.18
$1.44

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
KOP
KOP
Q4 25
$392.4M
$432.7M
Q3 25
$375.3M
$485.3M
Q2 25
$379.8M
$504.8M
Q1 25
$375.2M
$456.5M
Q4 24
$404.0M
$477.0M
Q3 24
$379.9M
$554.3M
Q2 24
$438.8M
$563.2M
Q1 24
$442.7M
$497.6M
Net Profit
DNUT
DNUT
KOP
KOP
Q4 25
$-27.8M
$29.7M
Q3 25
$-19.4M
$23.8M
Q2 25
$-435.3M
$16.4M
Q1 25
$-33.3M
$-13.9M
Q4 24
$-22.4M
$-10.2M
Q3 24
$39.6M
$22.8M
Q2 24
$-5.5M
$26.8M
Q1 24
$-8.5M
$13.0M
Gross Margin
DNUT
DNUT
KOP
KOP
Q4 25
25.6%
Q3 25
24.1%
Q2 25
22.6%
Q1 25
23.2%
Q4 24
17.5%
Q3 24
21.9%
Q2 24
21.6%
Q1 24
19.3%
Operating Margin
DNUT
DNUT
KOP
KOP
Q4 25
-1.9%
11.5%
Q3 25
-1.9%
10.7%
Q2 25
-114.4%
7.7%
Q1 25
-5.4%
5.9%
Q4 24
-2.8%
1.3%
Q3 24
-4.2%
9.0%
Q2 24
1.6%
10.2%
Q1 24
2.7%
7.0%
Net Margin
DNUT
DNUT
KOP
KOP
Q4 25
-7.1%
6.9%
Q3 25
-5.2%
4.9%
Q2 25
-114.6%
3.2%
Q1 25
-8.9%
-3.0%
Q4 24
-5.6%
-2.1%
Q3 24
10.4%
4.1%
Q2 24
-1.3%
4.8%
Q1 24
-1.9%
2.6%
EPS (diluted)
DNUT
DNUT
KOP
KOP
Q4 25
$-0.18
$1.44
Q3 25
$-0.11
$1.17
Q2 25
$-2.55
$0.81
Q1 25
$-0.20
$-0.68
Q4 24
$-0.13
$-0.47
Q3 24
$0.23
$1.09
Q2 24
$-0.03
$1.25
Q1 24
$-0.05
$0.59

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$42.4M
Total DebtLower is stronger
$911.9M
$928.3M
Stockholders' EquityBook value
$650.1M
$574.0M
Total Assets
$2.6B
$1.9B
Debt / EquityLower = less leverage
1.40×
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
KOP
KOP
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
Q1 24
$33.1M
Total Debt
DNUT
DNUT
KOP
KOP
Q4 25
$911.9M
$928.3M
Q3 25
$906.2M
$932.9M
Q2 25
$889.4M
$977.5M
Q1 25
$935.0M
$989.0M
Q4 24
$844.5M
$939.5M
Q3 24
$804.6M
$989.4M
Q2 24
$895.0M
$1.0B
Q1 24
$881.8M
$877.6M
Stockholders' Equity
DNUT
DNUT
KOP
KOP
Q4 25
$650.1M
$574.0M
Q3 25
$670.3M
$545.6M
Q2 25
$693.6M
$526.8M
Q1 25
$1.1B
$498.0M
Q4 24
$1.1B
$488.7M
Q3 24
$1.2B
$532.3M
Q2 24
$1.1B
$509.2M
Q1 24
$1.2B
$505.8M
Total Assets
DNUT
DNUT
KOP
KOP
Q4 25
$2.6B
$1.9B
Q3 25
$2.6B
$1.9B
Q2 25
$2.6B
$1.9B
Q1 25
$3.1B
$1.9B
Q4 24
$3.1B
$1.9B
Q3 24
$3.1B
$2.0B
Q2 24
$3.2B
$1.9B
Q1 24
$3.2B
$1.8B
Debt / Equity
DNUT
DNUT
KOP
KOP
Q4 25
1.40×
1.62×
Q3 25
1.35×
1.71×
Q2 25
1.28×
1.86×
Q1 25
0.85×
1.99×
Q4 24
0.74×
1.92×
Q3 24
0.68×
1.86×
Q2 24
0.79×
1.97×
Q1 24
0.76×
1.74×

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
KOP
KOP
Operating Cash FlowLast quarter
$45.0M
$45.1M
Free Cash FlowOCF − Capex
$27.9M
$28.5M
FCF MarginFCF / Revenue
7.1%
6.6%
Capex IntensityCapex / Revenue
4.4%
3.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
KOP
KOP
Q4 25
$45.0M
$45.1M
Q3 25
$42.3M
$49.6M
Q2 25
$-32.5M
$50.5M
Q1 25
$-20.8M
$-22.7M
Q4 24
$27.0M
$74.7M
Q3 24
$3.3M
$29.8M
Q2 24
$33.2M
$27.2M
Q1 24
$-17.7M
$-12.3M
Free Cash Flow
DNUT
DNUT
KOP
KOP
Q4 25
$27.9M
$28.5M
Q3 25
$15.5M
$37.6M
Q2 25
$-60.8M
$38.4M
Q1 25
$-46.7M
$-37.0M
Q4 24
$-6.9M
$56.1M
Q3 24
$-22.9M
$14.4M
Q2 24
$1.6M
$10.1M
Q1 24
$-46.8M
$-38.6M
FCF Margin
DNUT
DNUT
KOP
KOP
Q4 25
7.1%
6.6%
Q3 25
4.1%
7.7%
Q2 25
-16.0%
7.6%
Q1 25
-12.5%
-8.1%
Q4 24
-1.7%
11.8%
Q3 24
-6.0%
2.6%
Q2 24
0.4%
1.8%
Q1 24
-10.6%
-7.8%
Capex Intensity
DNUT
DNUT
KOP
KOP
Q4 25
4.4%
3.8%
Q3 25
7.1%
2.5%
Q2 25
7.4%
2.4%
Q1 25
6.9%
3.1%
Q4 24
8.4%
3.9%
Q3 24
6.9%
2.8%
Q2 24
7.2%
3.0%
Q1 24
6.6%
5.3%
Cash Conversion
DNUT
DNUT
KOP
KOP
Q4 25
1.52×
Q3 25
2.08×
Q2 25
3.08×
Q1 25
Q4 24
Q3 24
0.08×
1.31×
Q2 24
1.01×
Q1 24
-0.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

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