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

MetLife is the larger business by last-quarter revenue ($600.0M vs $392.4M, roughly 1.5× Krispy Kreme, Inc.). MetLife runs the higher net margin — 134.8% vs -7.1%, a 141.9% gap on every dollar of revenue. On growth, MetLife posted the faster year-over-year revenue change (7.9% vs -2.9%). Over the past eight quarters, MetLife's revenue compounded faster (2.0% 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...

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

DNUT vs MET — Head-to-Head

Bigger by revenue
MET
MET
1.5× larger
MET
$600.0M
$392.4M
DNUT
Growing faster (revenue YoY)
MET
MET
+10.8% gap
MET
7.9%
-2.9%
DNUT
Higher net margin
MET
MET
141.9% more per $
MET
134.8%
-7.1%
DNUT
Faster 2-yr revenue CAGR
MET
MET
Annualised
MET
2.0%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
MET
MET
Revenue
$392.4M
$600.0M
Net Profit
$-27.8M
$809.0M
Gross Margin
Operating Margin
-1.9%
Net Margin
-7.1%
134.8%
Revenue YoY
-2.9%
7.9%
Net Profit YoY
-23.8%
-36.3%
EPS (diluted)
$-0.18
$1.18

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
MET
MET
Q4 25
$392.4M
$600.0M
Q3 25
$375.3M
$621.0M
Q2 25
$379.8M
$604.0M
Q1 25
$375.2M
$611.0M
Q4 24
$404.0M
$556.0M
Q3 24
$379.9M
$554.0M
Q2 24
$438.8M
$558.0M
Q1 24
$442.7M
$577.0M
Net Profit
DNUT
DNUT
MET
MET
Q4 25
$-27.8M
$809.0M
Q3 25
$-19.4M
$896.0M
Q2 25
$-435.3M
$729.0M
Q1 25
$-33.3M
$945.0M
Q4 24
$-22.4M
$1.3B
Q3 24
$39.6M
$1.3B
Q2 24
$-5.5M
$946.0M
Q1 24
$-8.5M
$867.0M
Operating Margin
DNUT
DNUT
MET
MET
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
MET
MET
Q4 25
-7.1%
134.8%
Q3 25
-5.2%
144.3%
Q2 25
-114.6%
120.7%
Q1 25
-8.9%
154.7%
Q4 24
-5.6%
228.6%
Q3 24
10.4%
242.2%
Q2 24
-1.3%
169.5%
Q1 24
-1.9%
150.3%
EPS (diluted)
DNUT
DNUT
MET
MET
Q4 25
$-0.18
$1.18
Q3 25
$-0.11
$1.22
Q2 25
$-2.55
$1.03
Q1 25
$-0.20
$1.28
Q4 24
$-0.13
$1.75
Q3 24
$0.23
$1.81
Q2 24
$-0.03
$1.28
Q1 24
$-0.05
$1.10

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
MET
MET
Cash + ST InvestmentsLiquidity on hand
$42.4M
$25.6B
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$28.4B
Total Assets
$2.6B
$745.2B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
MET
MET
Q4 25
$42.4M
$25.6B
Q3 25
$30.7M
$26.2B
Q2 25
$21.3M
$27.5B
Q1 25
$18.7M
$26.9B
Q4 24
$29.0M
$25.2B
Q3 24
$25.4M
$26.4B
Q2 24
$28.6M
$24.6B
Q1 24
$33.1M
$24.7B
Total Debt
DNUT
DNUT
MET
MET
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
MET
MET
Q4 25
$650.1M
$28.4B
Q3 25
$670.3M
$28.9B
Q2 25
$693.6M
$27.7B
Q1 25
$1.1B
$27.5B
Q4 24
$1.1B
$27.4B
Q3 24
$1.2B
$30.9B
Q2 24
$1.1B
$27.3B
Q1 24
$1.2B
$28.5B
Total Assets
DNUT
DNUT
MET
MET
Q4 25
$2.6B
$745.2B
Q3 25
$2.6B
$719.7B
Q2 25
$2.6B
$702.5B
Q1 25
$3.1B
$688.3B
Q4 24
$3.1B
$677.5B
Q3 24
$3.1B
$705.0B
Q2 24
$3.2B
$675.7B
Q1 24
$3.2B
$677.6B
Debt / Equity
DNUT
DNUT
MET
MET
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
MET
MET
Operating Cash FlowLast quarter
$45.0M
$7.1B
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
8.75×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
MET
MET
Q4 25
$45.0M
$7.1B
Q3 25
$42.3M
$3.6B
Q2 25
$-32.5M
$2.2B
Q1 25
$-20.8M
$4.3B
Q4 24
$27.0M
$4.6B
Q3 24
$3.3M
$4.2B
Q2 24
$33.2M
$3.5B
Q1 24
$-17.7M
$2.3B
Free Cash Flow
DNUT
DNUT
MET
MET
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
FCF Margin
DNUT
DNUT
MET
MET
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%
Capex Intensity
DNUT
DNUT
MET
MET
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%
Cash Conversion
DNUT
DNUT
MET
MET
Q4 25
8.75×
Q3 25
3.98×
Q2 25
3.00×
Q1 25
4.51×
Q4 24
3.63×
Q3 24
0.08×
3.11×
Q2 24
3.69×
Q1 24
2.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

MET
MET

Other$165.0M28%
Prepaidlegalplansandadministrativeonlycontracts$158.0M26%
Vision Fee For Service Arrangements$140.0M23%
Administrative Service$76.0M13%
Distribution Service$36.0M6%
Feebasedinvestmentmanagementservices$25.0M4%

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