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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $392.4M, roughly 1.1× Krispy Kreme, Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs -7.1%, a 42.8% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -2.9%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% 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...
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
DNUT vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $425.9M |
| Net Profit | $-27.8M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 81.5% |
| Net Margin | -7.1% | 35.7% |
| Revenue YoY | -2.9% | 1.7% |
| Net Profit YoY | -23.8% | — |
| EPS (diluted) | $-0.18 | $1.59 |
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.
| Q1 26 | — | $425.9M | ||
| Q4 25 | $392.4M | $637.9M | ||
| Q3 25 | $375.3M | $443.1M | ||
| Q2 25 | $379.8M | $527.4M | ||
| Q1 25 | $375.2M | $734.8M | ||
| Q4 24 | $404.0M | $513.8M | ||
| Q3 24 | $379.9M | $310.0M | ||
| Q2 24 | $438.8M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $-27.8M | $181.6M | ||
| Q3 25 | $-19.4M | $107.3M | ||
| Q2 25 | $-435.3M | $149.8M | ||
| Q1 25 | $-33.3M | $216.4M | ||
| Q4 24 | $-22.4M | $45.0M | ||
| Q3 24 | $39.6M | $-167.6M | ||
| Q2 24 | $-5.5M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | -1.9% | 43.3% | ||
| Q3 25 | -1.9% | 40.6% | ||
| Q2 25 | -114.4% | 43.7% | ||
| Q1 25 | -5.4% | 43.2% | ||
| Q4 24 | -2.8% | 16.8% | ||
| Q3 24 | -4.2% | -63.4% | ||
| Q2 24 | 1.6% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | -7.1% | 28.5% | ||
| Q3 25 | -5.2% | 24.2% | ||
| Q2 25 | -114.6% | 28.4% | ||
| Q1 25 | -8.9% | 29.4% | ||
| Q4 24 | -5.6% | 8.8% | ||
| Q3 24 | 10.4% | -54.1% | ||
| Q2 24 | -1.3% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $-0.18 | $1.98 | ||
| Q3 25 | $-0.11 | $1.18 | ||
| Q2 25 | $-2.55 | $1.64 | ||
| Q1 25 | $-0.20 | $2.37 | ||
| Q4 24 | $-0.13 | $0.49 | ||
| Q3 24 | $0.23 | $-1.81 | ||
| Q2 24 | $-0.03 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $42.4M | — |
| Total DebtLower is stronger | $911.9M | $300.0M |
| Stockholders' EquityBook value | $650.1M | — |
| Total Assets | $2.6B | $9.1B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $42.4M | $271.4M | ||
| Q3 25 | $30.7M | $43.2M | ||
| Q2 25 | $21.3M | $39.3M | ||
| Q1 25 | $18.7M | $40.0M | ||
| Q4 24 | $29.0M | $48.7M | ||
| Q3 24 | $25.4M | $38.2M | ||
| Q2 24 | $28.6M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $911.9M | $2.7B | ||
| Q3 25 | $906.2M | $2.7B | ||
| Q2 25 | $889.4M | $2.7B | ||
| Q1 25 | $935.0M | $2.7B | ||
| Q4 24 | $844.5M | $2.7B | ||
| Q3 24 | $804.6M | $2.7B | ||
| Q2 24 | $895.0M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $650.1M | $3.6B | ||
| Q3 25 | $670.3M | $3.1B | ||
| Q2 25 | $693.6M | $3.0B | ||
| Q1 25 | $1.1B | $2.8B | ||
| Q4 24 | $1.1B | $-76.2M | ||
| Q3 24 | $1.2B | $-15.5M | ||
| Q2 24 | $1.1B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.6B | $9.2B | ||
| Q3 25 | $2.6B | $8.7B | ||
| Q2 25 | $2.6B | $8.4B | ||
| Q1 25 | $3.1B | $8.5B | ||
| Q4 24 | $3.1B | $8.3B | ||
| Q3 24 | $3.1B | $8.3B | ||
| Q2 24 | $3.2B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.75× | ||
| Q3 25 | 1.35× | 0.87× | ||
| Q2 25 | 1.28× | 0.90× | ||
| Q1 25 | 0.85× | 0.99× | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.79× | 532.10× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $45.0M | $657.3M |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 4.4% | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $45.0M | $274.9M | ||
| Q3 25 | $42.3M | $237.8M | ||
| Q2 25 | $-32.5M | $388.4M | ||
| Q1 25 | $-20.8M | $253.8M | ||
| Q4 24 | $27.0M | $220.1M | ||
| Q3 24 | $3.3M | $197.9M | ||
| Q2 24 | $33.2M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $-2.7M | ||
| Q3 25 | $15.5M | $-47.8M | ||
| Q2 25 | $-60.8M | $195.3M | ||
| Q1 25 | $-46.7M | $59.9M | ||
| Q4 24 | $-6.9M | $-20.3M | ||
| Q3 24 | $-22.9M | $-49.1M | ||
| Q2 24 | $1.6M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | -0.4% | ||
| Q3 25 | 4.1% | -10.8% | ||
| Q2 25 | -16.0% | 37.0% | ||
| Q1 25 | -12.5% | 8.2% | ||
| Q4 24 | -1.7% | -4.0% | ||
| Q3 24 | -6.0% | -15.8% | ||
| Q2 24 | 0.4% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 4.4% | 43.5% | ||
| Q3 25 | 7.1% | 64.4% | ||
| Q2 25 | 7.4% | 36.6% | ||
| Q1 25 | 6.9% | 26.4% | ||
| Q4 24 | 8.4% | 46.8% | ||
| Q3 24 | 6.9% | 79.7% | ||
| Q2 24 | 7.2% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
