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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $330.5M, roughly 1.2× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -7.1%, a 13.3% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -2.9%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $27.9M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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...
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
DNUT vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $330.5M |
| Net Profit | $-27.8M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | -1.9% | 7.3% |
| Net Margin | -7.1% | 6.3% |
| Revenue YoY | -2.9% | 28.1% |
| Net Profit YoY | -23.8% | 57.2% |
| EPS (diluted) | $-0.18 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $375.3M | $310.7M | ||
| Q2 25 | $379.8M | $280.1M | ||
| Q1 25 | $375.2M | $275.2M | ||
| Q4 24 | $404.0M | $257.9M | ||
| Q3 24 | $379.9M | $231.6M | ||
| Q2 24 | $438.8M | $197.4M | ||
| Q1 24 | $442.7M | $184.9M |
| Q4 25 | $-27.8M | $20.7M | ||
| Q3 25 | $-19.4M | $17.7M | ||
| Q2 25 | $-435.3M | $14.7M | ||
| Q1 25 | $-33.3M | $13.8M | ||
| Q4 24 | $-22.4M | $13.1M | ||
| Q3 24 | $39.6M | $14.4M | ||
| Q2 24 | $-5.5M | $9.4M | ||
| Q1 24 | $-8.5M | $7.2M |
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | -1.9% | 7.3% | ||
| Q3 25 | -1.9% | 6.4% | ||
| Q2 25 | -114.4% | 5.7% | ||
| Q1 25 | -5.4% | 5.7% | ||
| Q4 24 | -2.8% | 5.5% | ||
| Q3 24 | -4.2% | 5.2% | ||
| Q2 24 | 1.6% | 5.2% | ||
| Q1 24 | 2.7% | 4.5% |
| Q4 25 | -7.1% | 6.3% | ||
| Q3 25 | -5.2% | 5.7% | ||
| Q2 25 | -114.6% | 5.3% | ||
| Q1 25 | -8.9% | 5.0% | ||
| Q4 24 | -5.6% | 5.1% | ||
| Q3 24 | 10.4% | 6.2% | ||
| Q2 24 | -1.3% | 4.7% | ||
| Q1 24 | -1.9% | 3.9% |
| Q4 25 | $-0.18 | $0.16 | ||
| Q3 25 | $-0.11 | $0.14 | ||
| Q2 25 | $-2.55 | $0.11 | ||
| Q1 25 | $-0.20 | $0.11 | ||
| Q4 24 | $-0.13 | $0.11 | ||
| Q3 24 | $0.23 | $0.11 | ||
| Q2 24 | $-0.03 | $0.07 | ||
| Q1 24 | $-0.05 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $560.4M |
| Total Assets | $2.6B | $667.9M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $320.9M | ||
| Q3 25 | $30.7M | $287.9M | ||
| Q2 25 | $21.3M | $266.4M | ||
| Q1 25 | $18.7M | $245.8M | ||
| Q4 24 | $29.0M | $205.9M | ||
| Q3 24 | $25.4M | $187.5M | ||
| Q2 24 | $28.6M | $188.8M | ||
| Q1 24 | $33.1M | $180.1M |
| 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 | $560.4M | ||
| Q3 25 | $670.3M | $537.4M | ||
| Q2 25 | $693.6M | $516.7M | ||
| Q1 25 | $1.1B | $500.4M | ||
| Q4 24 | $1.1B | $485.6M | ||
| Q3 24 | $1.2B | $468.8M | ||
| Q2 24 | $1.1B | $451.6M | ||
| Q1 24 | $1.2B | $439.4M |
| Q4 25 | $2.6B | $667.9M | ||
| Q3 25 | $2.6B | $644.4M | ||
| Q2 25 | $2.6B | $609.5M | ||
| Q1 25 | $3.1B | $590.9M | ||
| Q4 24 | $3.1B | $576.2M | ||
| Q3 24 | $3.1B | $552.9M | ||
| Q2 24 | $3.2B | $527.7M | ||
| Q1 24 | $3.2B | $514.0M |
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | $27.9M | $45.0M |
| FCF MarginFCF / Revenue | 7.1% | 13.6% |
| Capex IntensityCapex / Revenue | 4.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $45.1M | ||
| Q3 25 | $42.3M | $35.1M | ||
| Q2 25 | $-32.5M | $31.5M | ||
| Q1 25 | $-20.8M | $50.4M | ||
| Q4 24 | $27.0M | $27.9M | ||
| Q3 24 | $3.3M | $6.7M | ||
| Q2 24 | $33.2M | $18.0M | ||
| Q1 24 | $-17.7M | $11.0M |
| Q4 25 | $27.9M | $45.0M | ||
| Q3 25 | $15.5M | $35.0M | ||
| Q2 25 | $-60.8M | $31.4M | ||
| Q1 25 | $-46.7M | $50.4M | ||
| Q4 24 | $-6.9M | $27.8M | ||
| Q3 24 | $-22.9M | $6.7M | ||
| Q2 24 | $1.6M | $17.8M | ||
| Q1 24 | $-46.8M | $10.8M |
| Q4 25 | 7.1% | 13.6% | ||
| Q3 25 | 4.1% | 11.3% | ||
| Q2 25 | -16.0% | 11.2% | ||
| Q1 25 | -12.5% | 18.3% | ||
| Q4 24 | -1.7% | 10.8% | ||
| Q3 24 | -6.0% | 2.9% | ||
| Q2 24 | 0.4% | 9.0% | ||
| Q1 24 | -10.6% | 5.9% |
| Q4 25 | 4.4% | 0.0% | ||
| Q3 25 | 7.1% | 0.0% | ||
| Q2 25 | 7.4% | 0.0% | ||
| Q1 25 | 6.9% | 0.0% | ||
| Q4 24 | 8.4% | 0.0% | ||
| Q3 24 | 6.9% | 0.0% | ||
| Q2 24 | 7.2% | 0.1% | ||
| Q1 24 | 6.6% | 0.1% |
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | 0.08× | 0.47× | ||
| Q2 24 | — | 1.93× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
