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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $272.2M, roughly 1.4× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs -7.1%, a 13.4% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $27.9M). Over the past eight quarters, KILROY REALTY CORP's revenue compounded faster (-1.2% 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...

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

DNUT vs KRC — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.4× larger
DNUT
$392.4M
$272.2M
KRC
Growing faster (revenue YoY)
DNUT
DNUT
+2.1% gap
DNUT
-2.9%
-5.0%
KRC
Higher net margin
KRC
KRC
13.4% more per $
KRC
6.3%
-7.1%
DNUT
More free cash flow
KRC
KRC
$422.4M more FCF
KRC
$450.3M
$27.9M
DNUT
Faster 2-yr revenue CAGR
KRC
KRC
Annualised
KRC
-1.2%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
KRC
KRC
Revenue
$392.4M
$272.2M
Net Profit
$-27.8M
$17.1M
Gross Margin
Operating Margin
-1.9%
Net Margin
-7.1%
6.3%
Revenue YoY
-2.9%
-5.0%
Net Profit YoY
-23.8%
-73.7%
EPS (diluted)
$-0.18
$0.11

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
KRC
KRC
Q4 25
$392.4M
$272.2M
Q3 25
$375.3M
$279.7M
Q2 25
$379.8M
$289.9M
Q1 25
$375.2M
$270.8M
Q4 24
$404.0M
$286.4M
Q3 24
$379.9M
$289.9M
Q2 24
$438.8M
$280.7M
Q1 24
$442.7M
$278.6M
Net Profit
DNUT
DNUT
KRC
KRC
Q4 25
$-27.8M
$17.1M
Q3 25
$-19.4M
$162.3M
Q2 25
$-435.3M
$79.6M
Q1 25
$-33.3M
$43.7M
Q4 24
$-22.4M
$65.0M
Q3 24
$39.6M
$57.7M
Q2 24
$-5.5M
$54.5M
Q1 24
$-8.5M
$55.7M
Operating Margin
DNUT
DNUT
KRC
KRC
Q4 25
-1.9%
Q3 25
-1.9%
Q2 25
-114.4%
Q1 25
-5.4%
Q4 24
-2.8%
Q3 24
-4.2%
Q2 24
1.6%
Q1 24
2.7%
Net Margin
DNUT
DNUT
KRC
KRC
Q4 25
-7.1%
6.3%
Q3 25
-5.2%
58.0%
Q2 25
-114.6%
27.4%
Q1 25
-8.9%
16.1%
Q4 24
-5.6%
22.7%
Q3 24
10.4%
19.9%
Q2 24
-1.3%
19.4%
Q1 24
-1.9%
20.0%
EPS (diluted)
DNUT
DNUT
KRC
KRC
Q4 25
$-0.18
$0.11
Q3 25
$-0.11
$1.31
Q2 25
$-2.55
$0.57
Q1 25
$-0.20
$0.33
Q4 24
$-0.13
$0.50
Q3 24
$0.23
$0.44
Q2 24
$-0.03
$0.41
Q1 24
$-0.05
$0.42

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
KRC
KRC
Cash + ST InvestmentsLiquidity on hand
$42.4M
$179.3M
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$5.4B
Total Assets
$2.6B
$10.9B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
KRC
KRC
Q4 25
$42.4M
$179.3M
Q3 25
$30.7M
$372.4M
Q2 25
$21.3M
$193.1M
Q1 25
$18.7M
$146.7M
Q4 24
$29.0M
$165.7M
Q3 24
$25.4M
$625.4M
Q2 24
$28.6M
$835.9M
Q1 24
$33.1M
$855.0M
Total Debt
DNUT
DNUT
KRC
KRC
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
Stockholders' Equity
DNUT
DNUT
KRC
KRC
Q4 25
$650.1M
$5.4B
Q3 25
$670.3M
$5.5B
Q2 25
$693.6M
$5.4B
Q1 25
$1.1B
$5.4B
Q4 24
$1.1B
$5.4B
Q3 24
$1.2B
$5.4B
Q2 24
$1.1B
$5.4B
Q1 24
$1.2B
$5.4B
Total Assets
DNUT
DNUT
KRC
KRC
Q4 25
$2.6B
$10.9B
Q3 25
$2.6B
$11.0B
Q2 25
$2.6B
$10.9B
Q1 25
$3.1B
$10.9B
Q4 24
$3.1B
$10.9B
Q3 24
$3.1B
$11.4B
Q2 24
$3.2B
$11.5B
Q1 24
$3.2B
$11.6B
Debt / Equity
DNUT
DNUT
KRC
KRC
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
DNUT
DNUT
KRC
KRC
Operating Cash FlowLast quarter
$45.0M
$566.3M
Free Cash FlowOCF − Capex
$27.9M
$450.3M
FCF MarginFCF / Revenue
7.1%
165.4%
Capex IntensityCapex / Revenue
4.4%
42.6%
Cash ConversionOCF / Net Profit
33.10×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$833.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
KRC
KRC
Q4 25
$45.0M
$566.3M
Q3 25
$42.3M
$176.6M
Q2 25
$-32.5M
$143.7M
Q1 25
$-20.8M
$136.9M
Q4 24
$27.0M
$541.1M
Q3 24
$3.3M
$176.3M
Q2 24
$33.2M
$88.7M
Q1 24
$-17.7M
$167.9M
Free Cash Flow
DNUT
DNUT
KRC
KRC
Q4 25
$27.9M
$450.3M
Q3 25
$15.5M
$148.7M
Q2 25
$-60.8M
$118.4M
Q1 25
$-46.7M
$115.6M
Q4 24
$-6.9M
$440.8M
Q3 24
$-22.9M
$147.2M
Q2 24
$1.6M
$69.5M
Q1 24
$-46.8M
$151.9M
FCF Margin
DNUT
DNUT
KRC
KRC
Q4 25
7.1%
165.4%
Q3 25
4.1%
53.1%
Q2 25
-16.0%
40.9%
Q1 25
-12.5%
42.7%
Q4 24
-1.7%
153.9%
Q3 24
-6.0%
50.8%
Q2 24
0.4%
24.7%
Q1 24
-10.6%
54.5%
Capex Intensity
DNUT
DNUT
KRC
KRC
Q4 25
4.4%
42.6%
Q3 25
7.1%
10.0%
Q2 25
7.4%
8.7%
Q1 25
6.9%
7.9%
Q4 24
8.4%
35.0%
Q3 24
6.9%
10.1%
Q2 24
7.2%
6.8%
Q1 24
6.6%
5.7%
Cash Conversion
DNUT
DNUT
KRC
KRC
Q4 25
33.10×
Q3 25
1.09×
Q2 25
1.81×
Q1 25
3.13×
Q4 24
8.32×
Q3 24
0.08×
3.06×
Q2 24
1.63×
Q1 24
3.01×

Financial Flow Comparison

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

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