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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -7.1%, a 12.1% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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...
DNUT vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $242.1M |
| Net Profit | $-27.8M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 6.8% |
| Net Margin | -7.1% | 5.0% |
| Revenue YoY | -2.9% | 11.5% |
| Net Profit YoY | -23.8% | -16.2% |
| EPS (diluted) | $-0.18 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $375.3M | $258.5M | ||
| Q2 25 | $379.8M | $240.7M | ||
| Q1 25 | $375.2M | $219.6M | ||
| Q4 24 | $404.0M | $217.2M | ||
| Q3 24 | $379.9M | $241.7M | ||
| Q2 24 | $438.8M | $224.9M | ||
| Q1 24 | $442.7M | $211.2M |
| Q4 25 | $-27.8M | $12.1M | ||
| Q3 25 | $-19.4M | $24.3M | ||
| Q2 25 | $-435.3M | $19.9M | ||
| Q1 25 | $-33.3M | $15.3M | ||
| Q4 24 | $-22.4M | $14.4M | ||
| Q3 24 | $39.6M | $21.6M | ||
| Q2 24 | $-5.5M | $15.8M | ||
| Q1 24 | $-8.5M | $21.2M |
| Q4 25 | -1.9% | 6.8% | ||
| Q3 25 | -1.9% | 10.2% | ||
| Q2 25 | -114.4% | 9.2% | ||
| Q1 25 | -5.4% | 7.7% | ||
| Q4 24 | -2.8% | 7.9% | ||
| Q3 24 | -4.2% | 10.3% | ||
| Q2 24 | 1.6% | 8.4% | ||
| Q1 24 | 2.7% | 8.0% |
| Q4 25 | -7.1% | 5.0% | ||
| Q3 25 | -5.2% | 9.4% | ||
| Q2 25 | -114.6% | 8.3% | ||
| Q1 25 | -8.9% | 7.0% | ||
| Q4 24 | -5.6% | 6.6% | ||
| Q3 24 | 10.4% | 8.9% | ||
| Q2 24 | -1.3% | 7.0% | ||
| Q1 24 | -1.9% | 10.0% |
| Q4 25 | $-0.18 | $0.12 | ||
| Q3 25 | $-0.11 | $0.23 | ||
| Q2 25 | $-2.55 | $0.19 | ||
| Q1 25 | $-0.20 | $0.15 | ||
| Q4 24 | $-0.13 | $0.13 | ||
| Q3 24 | $0.23 | $0.20 | ||
| Q2 24 | $-0.03 | $0.15 | ||
| Q1 24 | $-0.05 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | $911.9M | $84.0M |
| Stockholders' EquityBook value | $650.1M | $542.6M |
| Total Assets | $2.6B | $707.1M |
| Debt / EquityLower = less leverage | 1.40× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $16.3M | ||
| Q3 25 | $30.7M | $29.6M | ||
| Q2 25 | $21.3M | $35.0M | ||
| Q1 25 | $18.7M | $22.6M | ||
| Q4 24 | $29.0M | $57.4M | ||
| Q3 24 | $25.4M | $48.8M | ||
| Q2 24 | $28.6M | $62.5M | ||
| Q1 24 | $33.1M | $65.4M |
| Q4 25 | $911.9M | $84.0M | ||
| Q3 25 | $906.2M | $85.2M | ||
| Q2 25 | $889.4M | $96.2M | ||
| Q1 25 | $935.0M | $97.4M | ||
| Q4 24 | $844.5M | $98.6M | ||
| Q3 24 | $804.6M | $98.7M | ||
| Q2 24 | $895.0M | $123.8M | ||
| Q1 24 | $881.8M | $138.6M |
| Q4 25 | $650.1M | $542.6M | ||
| Q3 25 | $670.3M | $552.8M | ||
| Q2 25 | $693.6M | $548.3M | ||
| Q1 25 | $1.1B | $530.6M | ||
| Q4 24 | $1.1B | $554.5M | ||
| Q3 24 | $1.2B | $540.1M | ||
| Q2 24 | $1.1B | $532.7M | ||
| Q1 24 | $1.2B | $515.5M |
| Q4 25 | $2.6B | $707.1M | ||
| Q3 25 | $2.6B | $732.6M | ||
| Q2 25 | $2.6B | $731.8M | ||
| Q1 25 | $3.1B | $708.7M | ||
| Q4 24 | $3.1B | $746.4M | ||
| Q3 24 | $3.1B | $734.0M | ||
| Q2 24 | $3.2B | $756.8M | ||
| Q1 24 | $3.2B | $763.6M |
| Q4 25 | 1.40× | 0.15× | ||
| Q3 25 | 1.35× | 0.15× | ||
| Q2 25 | 1.28× | 0.18× | ||
| Q1 25 | 0.85× | 0.18× | ||
| Q4 24 | 0.74× | 0.18× | ||
| Q3 24 | 0.68× | 0.18× | ||
| Q2 24 | 0.79× | 0.23× | ||
| Q1 24 | 0.76× | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $27.9M | $14.9M |
| FCF MarginFCF / Revenue | 7.1% | 6.2% |
| Capex IntensityCapex / Revenue | 4.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $20.0M | ||
| Q3 25 | $42.3M | $33.2M | ||
| Q2 25 | $-32.5M | $20.3M | ||
| Q1 25 | $-20.8M | $10.1M | ||
| Q4 24 | $27.0M | $16.6M | ||
| Q3 24 | $3.3M | $28.6M | ||
| Q2 24 | $33.2M | $18.7M | ||
| Q1 24 | $-17.7M | $15.0M |
| Q4 25 | $27.9M | $14.9M | ||
| Q3 25 | $15.5M | $27.6M | ||
| Q2 25 | $-60.8M | $17.6M | ||
| Q1 25 | $-46.7M | $8.4M | ||
| Q4 24 | $-6.9M | $13.2M | ||
| Q3 24 | $-22.9M | $27.5M | ||
| Q2 24 | $1.6M | $17.6M | ||
| Q1 24 | $-46.8M | $13.7M |
| Q4 25 | 7.1% | 6.2% | ||
| Q3 25 | 4.1% | 10.7% | ||
| Q2 25 | -16.0% | 7.3% | ||
| Q1 25 | -12.5% | 3.8% | ||
| Q4 24 | -1.7% | 6.1% | ||
| Q3 24 | -6.0% | 11.4% | ||
| Q2 24 | 0.4% | 7.8% | ||
| Q1 24 | -10.6% | 6.5% |
| Q4 25 | 4.4% | 2.1% | ||
| Q3 25 | 7.1% | 2.2% | ||
| Q2 25 | 7.4% | 1.1% | ||
| Q1 25 | 6.9% | 0.8% | ||
| Q4 24 | 8.4% | 1.5% | ||
| Q3 24 | 6.9% | 0.5% | ||
| Q2 24 | 7.2% | 0.5% | ||
| Q1 24 | 6.6% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 0.08× | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
