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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and MEDICAL PROPERTIES TRUST INC (MPW). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $270.3M, roughly 1.5× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -7.1%, a 13.6% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -2.9%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% 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...

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

DNUT vs MPW — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.5× larger
DNUT
$392.4M
$270.3M
MPW
Growing faster (revenue YoY)
MPW
MPW
+19.5% gap
MPW
16.6%
-2.9%
DNUT
Higher net margin
MPW
MPW
13.6% more per $
MPW
6.5%
-7.1%
DNUT
Faster 2-yr revenue CAGR
MPW
MPW
Annualised
MPW
-0.2%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
MPW
MPW
Revenue
$392.4M
$270.3M
Net Profit
$-27.8M
$17.6M
Gross Margin
95.8%
Operating Margin
-1.9%
9.7%
Net Margin
-7.1%
6.5%
Revenue YoY
-2.9%
16.6%
Net Profit YoY
-23.8%
104.3%
EPS (diluted)
$-0.18
$0.03

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
MPW
MPW
Q4 25
$392.4M
$270.3M
Q3 25
$375.3M
$237.5M
Q2 25
$379.8M
$240.4M
Q1 25
$375.2M
$223.8M
Q4 24
$404.0M
$231.8M
Q3 24
$379.9M
$225.8M
Q2 24
$438.8M
$266.6M
Q1 24
$442.7M
$271.3M
Net Profit
DNUT
DNUT
MPW
MPW
Q4 25
$-27.8M
$17.6M
Q3 25
$-19.4M
$-77.7M
Q2 25
$-435.3M
$-98.4M
Q1 25
$-33.3M
$-118.3M
Q4 24
$-22.4M
$-412.3M
Q3 24
$39.6M
$-801.2M
Q2 24
$-5.5M
$-320.6M
Q1 24
$-8.5M
$-875.6M
Gross Margin
DNUT
DNUT
MPW
MPW
Q4 25
95.8%
Q3 25
Q2 25
91.8%
Q1 25
63.6%
Q4 24
90.9%
Q3 24
96.5%
Q2 24
98.4%
Q1 24
84.9%
Operating Margin
DNUT
DNUT
MPW
MPW
Q4 25
-1.9%
9.7%
Q3 25
-1.9%
-28.0%
Q2 25
-114.4%
-36.7%
Q1 25
-5.4%
-48.5%
Q4 24
-2.8%
-173.7%
Q3 24
-4.2%
-350.7%
Q2 24
1.6%
-114.5%
Q1 24
2.7%
-318.6%
Net Margin
DNUT
DNUT
MPW
MPW
Q4 25
-7.1%
6.5%
Q3 25
-5.2%
-32.7%
Q2 25
-114.6%
-40.9%
Q1 25
-8.9%
-52.8%
Q4 24
-5.6%
-177.8%
Q3 24
10.4%
-354.8%
Q2 24
-1.3%
-120.3%
Q1 24
-1.9%
-322.7%
EPS (diluted)
DNUT
DNUT
MPW
MPW
Q4 25
$-0.18
$0.03
Q3 25
$-0.11
$-0.13
Q2 25
$-2.55
$-0.16
Q1 25
$-0.20
$-0.20
Q4 24
$-0.13
$-0.68
Q3 24
$0.23
$-1.34
Q2 24
$-0.03
$-0.54
Q1 24
$-0.05
$-1.46

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
MPW
MPW
Cash + ST InvestmentsLiquidity on hand
$42.4M
$540.9M
Total DebtLower is stronger
$911.9M
$9.7B
Stockholders' EquityBook value
$650.1M
$4.6B
Total Assets
$2.6B
$15.0B
Debt / EquityLower = less leverage
1.40×
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
MPW
MPW
Q4 25
$42.4M
$540.9M
Q3 25
$30.7M
$396.6M
Q2 25
$21.3M
$509.8M
Q1 25
$18.7M
$673.5M
Q4 24
$29.0M
$332.3M
Q3 24
$25.4M
$275.6M
Q2 24
$28.6M
$606.5M
Q1 24
$33.1M
$224.3M
Total Debt
DNUT
DNUT
MPW
MPW
Q4 25
$911.9M
$9.7B
Q3 25
$906.2M
$9.6B
Q2 25
$889.4M
$9.6B
Q1 25
$935.0M
$9.5B
Q4 24
$844.5M
$8.8B
Q3 24
$804.6M
$9.2B
Q2 24
$895.0M
$9.4B
Q1 24
$881.8M
$10.1B
Stockholders' Equity
DNUT
DNUT
MPW
MPW
Q4 25
$650.1M
$4.6B
Q3 25
$670.3M
$4.7B
Q2 25
$693.6M
$4.8B
Q1 25
$1.1B
$4.8B
Q4 24
$1.1B
$4.8B
Q3 24
$1.2B
$5.4B
Q2 24
$1.1B
$6.2B
Q1 24
$1.2B
$6.7B
Total Assets
DNUT
DNUT
MPW
MPW
Q4 25
$2.6B
$15.0B
Q3 25
$2.6B
$14.9B
Q2 25
$2.6B
$15.2B
Q1 25
$3.1B
$14.9B
Q4 24
$3.1B
$14.3B
Q3 24
$3.1B
$15.2B
Q2 24
$3.2B
$16.2B
Q1 24
$3.2B
$17.3B
Debt / Equity
DNUT
DNUT
MPW
MPW
Q4 25
1.40×
2.11×
Q3 25
1.35×
2.06×
Q2 25
1.28×
2.00×
Q1 25
0.85×
1.99×
Q4 24
0.74×
1.83×
Q3 24
0.68×
1.69×
Q2 24
0.79×
1.51×
Q1 24
0.76×
1.51×

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
MPW
MPW
Operating Cash FlowLast quarter
$45.0M
$230.8M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
MPW
MPW
Q4 25
$45.0M
$230.8M
Q3 25
$42.3M
$18.6M
Q2 25
$-32.5M
$51.7M
Q1 25
$-20.8M
$384.0K
Q4 24
$27.0M
$245.5M
Q3 24
$3.3M
$59.2M
Q2 24
$33.2M
$35.3M
Q1 24
$-17.7M
$74.3M
Free Cash Flow
DNUT
DNUT
MPW
MPW
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
MPW
MPW
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
MPW
MPW
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
MPW
MPW
Q4 25
13.11×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.08×
Q2 24
Q1 24

Financial Flow Comparison

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

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