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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $392.4M, roughly 1.7× Krispy Kreme, Inc.). Natera, Inc. runs the higher net margin — 7.1% vs -7.1%, a 14.2% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs -2.9%). Natera, Inc. produced more free cash flow last quarter ($37.8M vs $27.9M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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...
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
DNUT vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $665.5M |
| Net Profit | $-27.8M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | -3.4% |
| Net Margin | -7.1% | 7.1% |
| Revenue YoY | -2.9% | 39.8% |
| Net Profit YoY | -23.8% | 187.9% |
| EPS (diluted) | $-0.18 | $0.36 |
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.
| Q4 25 | $392.4M | $665.5M | ||
| Q3 25 | $375.3M | $592.2M | ||
| Q2 25 | $379.8M | $546.6M | ||
| Q1 25 | $375.2M | $501.8M | ||
| Q4 24 | $404.0M | $476.1M | ||
| Q3 24 | $379.9M | $439.8M | ||
| Q2 24 | $438.8M | $413.4M | ||
| Q1 24 | $442.7M | $367.7M |
| Q4 25 | $-27.8M | $47.3M | ||
| Q3 25 | $-19.4M | $-87.5M | ||
| Q2 25 | $-435.3M | $-100.9M | ||
| Q1 25 | $-33.3M | $-66.9M | ||
| Q4 24 | $-22.4M | $-53.8M | ||
| Q3 24 | $39.6M | $-31.6M | ||
| Q2 24 | $-5.5M | $-37.5M | ||
| Q1 24 | $-8.5M | $-67.6M |
| Q4 25 | -1.9% | -3.4% | ||
| Q3 25 | -1.9% | -16.5% | ||
| Q2 25 | -114.4% | -20.2% | ||
| Q1 25 | -5.4% | -15.8% | ||
| Q4 24 | -2.8% | -13.6% | ||
| Q3 24 | -4.2% | -8.9% | ||
| Q2 24 | 1.6% | -10.6% | ||
| Q1 24 | 2.7% | -20.2% |
| Q4 25 | -7.1% | 7.1% | ||
| Q3 25 | -5.2% | -14.8% | ||
| Q2 25 | -114.6% | -18.5% | ||
| Q1 25 | -8.9% | -13.3% | ||
| Q4 24 | -5.6% | -11.3% | ||
| Q3 24 | 10.4% | -7.2% | ||
| Q2 24 | -1.3% | -9.1% | ||
| Q1 24 | -1.9% | -18.4% |
| Q4 25 | $-0.18 | $0.36 | ||
| Q3 25 | $-0.11 | $-0.64 | ||
| Q2 25 | $-2.55 | $-0.74 | ||
| Q1 25 | $-0.20 | $-0.50 | ||
| Q4 24 | $-0.13 | $-0.41 | ||
| Q3 24 | $0.23 | $-0.26 | ||
| Q2 24 | $-0.03 | $-0.30 | ||
| Q1 24 | $-0.05 | $-0.56 |
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 | — |
| Stockholders' EquityBook value | $650.1M | $1.7B |
| Total Assets | $2.6B | $2.4B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | — | ||
| Q3 25 | $30.7M | $1.0M | ||
| Q2 25 | $21.3M | $16.0M | ||
| Q1 25 | $18.7M | $17.8M | ||
| Q4 24 | $29.0M | $22.7M | ||
| Q3 24 | $25.4M | $29.5M | ||
| Q2 24 | $28.6M | $90.3M | ||
| Q1 24 | $33.1M | $69.1M |
| 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 | — |
| Q4 25 | $650.1M | $1.7B | ||
| Q3 25 | $670.3M | $1.3B | ||
| Q2 25 | $693.6M | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $878.5M | ||
| Q2 24 | $1.1B | $836.5M | ||
| Q1 24 | $1.2B | $794.1M |
| Q4 25 | $2.6B | $2.4B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B | ||
| Q1 24 | $3.2B | $1.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $45.0M | $73.9M |
| Free Cash FlowOCF − Capex | $27.9M | $37.8M |
| FCF MarginFCF / Revenue | 7.1% | 5.7% |
| Capex IntensityCapex / Revenue | 4.4% | 5.4% |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $73.9M | ||
| Q3 25 | $42.3M | $59.4M | ||
| Q2 25 | $-32.5M | $37.6M | ||
| Q1 25 | $-20.8M | $44.5M | ||
| Q4 24 | $27.0M | $52.9M | ||
| Q3 24 | $3.3M | $51.8M | ||
| Q2 24 | $33.2M | $4.0M | ||
| Q1 24 | $-17.7M | $27.0M |
| Q4 25 | $27.9M | $37.8M | ||
| Q3 25 | $15.5M | $37.0M | ||
| Q2 25 | $-60.8M | $11.7M | ||
| Q1 25 | $-46.7M | $22.6M | ||
| Q4 24 | $-6.9M | $34.8M | ||
| Q3 24 | $-22.9M | $35.5M | ||
| Q2 24 | $1.6M | $-7.7M | ||
| Q1 24 | $-46.8M | $6.7M |
| Q4 25 | 7.1% | 5.7% | ||
| Q3 25 | 4.1% | 6.2% | ||
| Q2 25 | -16.0% | 2.1% | ||
| Q1 25 | -12.5% | 4.5% | ||
| Q4 24 | -1.7% | 7.3% | ||
| Q3 24 | -6.0% | 8.1% | ||
| Q2 24 | 0.4% | -1.9% | ||
| Q1 24 | -10.6% | 1.8% |
| Q4 25 | 4.4% | 5.4% | ||
| Q3 25 | 7.1% | 3.8% | ||
| Q2 25 | 7.4% | 4.7% | ||
| Q1 25 | 6.9% | 4.3% | ||
| Q4 24 | 8.4% | 3.8% | ||
| Q3 24 | 6.9% | 3.7% | ||
| Q2 24 | 7.2% | 2.8% | ||
| Q1 24 | 6.6% | 5.5% |
| Q4 25 | — | 1.56× | ||
| 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.
