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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and National Energy Services Reunited Corp. (NESR). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $295.3M, roughly 1.3× National Energy Services Reunited Corp.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs -7.1%, a 13.1% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -12.2%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-34.1M).

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...

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

DNUT vs NESR — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.3× larger
DNUT
$392.4M
$295.3M
NESR
Growing faster (revenue YoY)
DNUT
DNUT
+9.3% gap
DNUT
-2.9%
-12.2%
NESR
Higher net margin
NESR
NESR
13.1% more per $
NESR
6.0%
-7.1%
DNUT
More free cash flow
DNUT
DNUT
$62.0M more FCF
DNUT
$27.9M
$-34.1M
NESR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DNUT
DNUT
NESR
NESR
Revenue
$392.4M
$295.3M
Net Profit
$-27.8M
$17.7M
Gross Margin
12.0%
Operating Margin
-1.9%
6.6%
Net Margin
-7.1%
6.0%
Revenue YoY
-2.9%
-12.2%
Net Profit YoY
-23.8%
-14.0%
EPS (diluted)
$-0.18
$0.18

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
NESR
NESR
Q4 25
$392.4M
Q3 25
$375.3M
$295.3M
Q2 25
$379.8M
$327.4M
Q1 25
$375.2M
$303.1M
Q4 24
$404.0M
Q3 24
$379.9M
$336.2M
Q2 24
$438.8M
$325.0M
Q1 24
$442.7M
Net Profit
DNUT
DNUT
NESR
NESR
Q4 25
$-27.8M
Q3 25
$-19.4M
$17.7M
Q2 25
$-435.3M
$15.2M
Q1 25
$-33.3M
$10.4M
Q4 24
$-22.4M
Q3 24
$39.6M
$20.6M
Q2 24
$-5.5M
$18.9M
Q1 24
$-8.5M
Gross Margin
DNUT
DNUT
NESR
NESR
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Q1 24
Operating Margin
DNUT
DNUT
NESR
NESR
Q4 25
-1.9%
Q3 25
-1.9%
6.6%
Q2 25
-114.4%
8.3%
Q1 25
-5.4%
6.9%
Q4 24
-2.8%
Q3 24
-4.2%
10.5%
Q2 24
1.6%
10.5%
Q1 24
2.7%
Net Margin
DNUT
DNUT
NESR
NESR
Q4 25
-7.1%
Q3 25
-5.2%
6.0%
Q2 25
-114.6%
4.6%
Q1 25
-8.9%
3.4%
Q4 24
-5.6%
Q3 24
10.4%
6.1%
Q2 24
-1.3%
5.8%
Q1 24
-1.9%
EPS (diluted)
DNUT
DNUT
NESR
NESR
Q4 25
$-0.18
Q3 25
$-0.11
$0.18
Q2 25
$-2.55
$0.16
Q1 25
$-0.20
$0.11
Q4 24
$-0.13
Q3 24
$0.23
$0.22
Q2 24
$-0.03
$0.20
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$42.4M
$69.7M
Total DebtLower is stronger
$911.9M
$274.1M
Stockholders' EquityBook value
$650.1M
$956.7M
Total Assets
$2.6B
$1.8B
Debt / EquityLower = less leverage
1.40×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
NESR
NESR
Q4 25
$42.4M
Q3 25
$30.7M
$69.7M
Q2 25
$21.3M
$131.8M
Q1 25
$18.7M
$78.7M
Q4 24
$29.0M
Q3 24
$25.4M
$118.2M
Q2 24
$28.6M
$75.0M
Q1 24
$33.1M
Total Debt
DNUT
DNUT
NESR
NESR
Q4 25
$911.9M
Q3 25
$906.2M
$274.1M
Q2 25
$889.4M
$291.7M
Q1 25
$935.0M
$309.2M
Q4 24
$844.5M
Q3 24
$804.6M
$358.7M
Q2 24
$895.0M
$376.7M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
NESR
NESR
Q4 25
$650.1M
Q3 25
$670.3M
$956.7M
Q2 25
$693.6M
$936.9M
Q1 25
$1.1B
$920.5M
Q4 24
$1.1B
Q3 24
$1.2B
$873.5M
Q2 24
$1.1B
$851.4M
Q1 24
$1.2B
Total Assets
DNUT
DNUT
NESR
NESR
Q4 25
$2.6B
Q3 25
$2.6B
$1.8B
Q2 25
$2.6B
$1.8B
Q1 25
$3.1B
$1.8B
Q4 24
$3.1B
Q3 24
$3.1B
$1.8B
Q2 24
$3.2B
$1.8B
Q1 24
$3.2B
Debt / Equity
DNUT
DNUT
NESR
NESR
Q4 25
1.40×
Q3 25
1.35×
0.29×
Q2 25
1.28×
0.31×
Q1 25
0.85×
0.34×
Q4 24
0.74×
Q3 24
0.68×
0.41×
Q2 24
0.79×
0.44×
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
NESR
NESR
Operating Cash FlowLast quarter
$45.0M
$6.7M
Free Cash FlowOCF − Capex
$27.9M
$-34.1M
FCF MarginFCF / Revenue
7.1%
-11.5%
Capex IntensityCapex / Revenue
4.4%
13.8%
Cash ConversionOCF / Net Profit
0.38×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
NESR
NESR
Q4 25
$45.0M
Q3 25
$42.3M
$6.7M
Q2 25
$-32.5M
$98.5M
Q1 25
$-20.8M
$20.5M
Q4 24
$27.0M
Q3 24
$3.3M
$70.8M
Q2 24
$33.2M
Q1 24
$-17.7M
Free Cash Flow
DNUT
DNUT
NESR
NESR
Q4 25
$27.9M
Q3 25
$15.5M
$-34.1M
Q2 25
$-60.8M
$68.7M
Q1 25
$-46.7M
$-9.6M
Q4 24
$-6.9M
Q3 24
$-22.9M
$43.4M
Q2 24
$1.6M
Q1 24
$-46.8M
FCF Margin
DNUT
DNUT
NESR
NESR
Q4 25
7.1%
Q3 25
4.1%
-11.5%
Q2 25
-16.0%
21.0%
Q1 25
-12.5%
-3.2%
Q4 24
-1.7%
Q3 24
-6.0%
12.9%
Q2 24
0.4%
Q1 24
-10.6%
Capex Intensity
DNUT
DNUT
NESR
NESR
Q4 25
4.4%
Q3 25
7.1%
13.8%
Q2 25
7.4%
9.1%
Q1 25
6.9%
9.9%
Q4 24
8.4%
Q3 24
6.9%
8.1%
Q2 24
7.2%
Q1 24
6.6%
Cash Conversion
DNUT
DNUT
NESR
NESR
Q4 25
Q3 25
0.38×
Q2 25
6.48×
Q1 25
1.97×
Q4 24
Q3 24
0.08×
3.43×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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