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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $387.0M, roughly 1.0× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs -7.1%, a 20.1% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -2.9%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $27.9M). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% 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...
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
DNUT vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $387.0M |
| Net Profit | $-27.8M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | -1.9% | 18.2% |
| Net Margin | -7.1% | 13.0% |
| Revenue YoY | -2.9% | 11.3% |
| Net Profit YoY | -23.8% | 34.0% |
| EPS (diluted) | $-0.18 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $375.3M | $378.9M | ||
| Q2 25 | $379.8M | $369.9M | ||
| Q1 25 | $375.2M | $421.1M | ||
| Q4 24 | $404.0M | $347.7M | ||
| Q3 24 | $379.9M | $333.1M | ||
| Q2 24 | $438.8M | $324.7M | ||
| Q1 24 | $442.7M | $366.8M |
| Q4 25 | $-27.8M | $50.2M | ||
| Q3 25 | $-19.4M | $48.0M | ||
| Q2 25 | $-435.3M | $48.6M | ||
| Q1 25 | $-33.3M | $91.5M | ||
| Q4 24 | $-22.4M | $37.5M | ||
| Q3 24 | $39.6M | $49.6M | ||
| Q2 24 | $-5.5M | $48.8M | ||
| Q1 24 | $-8.5M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | -1.9% | 18.2% | ||
| Q3 25 | -1.9% | 19.6% | ||
| Q2 25 | -114.4% | 17.9% | ||
| Q1 25 | -5.4% | 30.2% | ||
| Q4 24 | -2.8% | 13.4% | ||
| Q3 24 | -4.2% | 19.3% | ||
| Q2 24 | 1.6% | 19.4% | ||
| Q1 24 | 2.7% | 29.0% |
| Q4 25 | -7.1% | 13.0% | ||
| Q3 25 | -5.2% | 12.7% | ||
| Q2 25 | -114.6% | 13.1% | ||
| Q1 25 | -8.9% | 21.7% | ||
| Q4 24 | -5.6% | 10.8% | ||
| Q3 24 | 10.4% | 14.9% | ||
| Q2 24 | -1.3% | 15.0% | ||
| Q1 24 | -1.9% | 23.3% |
| Q4 25 | $-0.18 | $0.92 | ||
| Q3 25 | $-0.11 | $0.86 | ||
| Q2 25 | $-2.55 | $0.87 | ||
| Q1 25 | $-0.20 | $1.61 | ||
| Q4 24 | $-0.13 | $0.66 | ||
| Q3 24 | $0.23 | $0.88 | ||
| Q2 24 | $-0.03 | $0.85 | ||
| Q1 24 | $-0.05 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | $911.9M | $81.3M |
| Stockholders' EquityBook value | $650.1M | $1.1B |
| Total Assets | $2.6B | $7.0B |
| Debt / EquityLower = less leverage | 1.40× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $162.5M | ||
| Q3 25 | $30.7M | $165.2M | ||
| Q2 25 | $21.3M | $398.1M | ||
| Q1 25 | $18.7M | $477.8M | ||
| Q4 24 | $29.0M | $482.4M | ||
| Q3 24 | $25.4M | $778.5M | ||
| Q2 24 | $28.6M | $401.8M | ||
| Q1 24 | $33.1M | $492.7M |
| Q4 25 | $911.9M | $81.3M | ||
| Q3 25 | $906.2M | $81.3M | ||
| Q2 25 | $889.4M | $162.5M | ||
| Q1 25 | $935.0M | $243.8M | ||
| Q4 24 | $844.5M | $325.0M | ||
| Q3 24 | $804.6M | $325.0M | ||
| Q2 24 | $895.0M | $0 | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $1.1B | ||
| Q3 25 | $670.3M | $1.1B | ||
| Q2 25 | $693.6M | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $2.6B | $7.0B | ||
| Q3 25 | $2.6B | $4.2B | ||
| Q2 25 | $2.6B | $4.4B | ||
| Q1 25 | $3.1B | $5.2B | ||
| Q4 24 | $3.1B | $5.3B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $3.2B | $4.2B | ||
| Q1 24 | $3.2B | $5.0B |
| Q4 25 | 1.40× | 0.07× | ||
| Q3 25 | 1.35× | 0.07× | ||
| Q2 25 | 1.28× | 0.13× | ||
| Q1 25 | 0.85× | 0.20× | ||
| Q4 24 | 0.74× | 0.28× | ||
| Q3 24 | 0.68× | 0.29× | ||
| Q2 24 | 0.79× | 0.00× | ||
| 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 | $117.0M |
| Free Cash FlowOCF − Capex | $27.9M | $113.6M |
| FCF MarginFCF / Revenue | 7.1% | 29.4% |
| Capex IntensityCapex / Revenue | 4.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $117.0M | ||
| Q3 25 | $42.3M | $86.5M | ||
| Q2 25 | $-32.5M | $86.6M | ||
| Q1 25 | $-20.8M | $186.0M | ||
| Q4 24 | $27.0M | $54.2M | ||
| Q3 24 | $3.3M | $91.5M | ||
| Q2 24 | $33.2M | $79.9M | ||
| Q1 24 | $-17.7M | $167.5M |
| Q4 25 | $27.9M | $113.6M | ||
| Q3 25 | $15.5M | $82.7M | ||
| Q2 25 | $-60.8M | $81.1M | ||
| Q1 25 | $-46.7M | $183.7M | ||
| Q4 24 | $-6.9M | $51.2M | ||
| Q3 24 | $-22.9M | $89.1M | ||
| Q2 24 | $1.6M | $73.6M | ||
| Q1 24 | $-46.8M | $162.0M |
| Q4 25 | 7.1% | 29.4% | ||
| Q3 25 | 4.1% | 21.8% | ||
| Q2 25 | -16.0% | 21.9% | ||
| Q1 25 | -12.5% | 43.6% | ||
| Q4 24 | -1.7% | 14.7% | ||
| Q3 24 | -6.0% | 26.8% | ||
| Q2 24 | 0.4% | 22.7% | ||
| Q1 24 | -10.6% | 44.2% |
| Q4 25 | 4.4% | 0.9% | ||
| Q3 25 | 7.1% | 1.0% | ||
| Q2 25 | 7.4% | 1.5% | ||
| Q1 25 | 6.9% | 0.5% | ||
| Q4 24 | 8.4% | 0.9% | ||
| Q3 24 | 6.9% | 0.7% | ||
| Q2 24 | 7.2% | 1.9% | ||
| Q1 24 | 6.6% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 0.08× | 1.84× | ||
| Q2 24 | — | 1.64× | ||
| Q1 24 | — | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
