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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $392.4M, roughly 1.4× Krispy Kreme, Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs -7.1%, a 17.1% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -2.9%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $27.9M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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...
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
DNUT vs PJT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $531.4M |
| Net Profit | $-27.8M | $53.4M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 23.1% |
| Net Margin | -7.1% | 10.0% |
| Revenue YoY | -2.9% | 12.9% |
| Net Profit YoY | -23.8% | 4.0% |
| EPS (diluted) | $-0.18 | — |
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 | $531.4M | ||
| Q3 25 | $375.3M | $442.3M | ||
| Q2 25 | $379.8M | $401.1M | ||
| Q1 25 | $375.2M | $321.9M | ||
| Q4 24 | $404.0M | $470.5M | ||
| Q3 24 | $379.9M | $320.3M | ||
| Q2 24 | $438.8M | $358.1M | ||
| Q1 24 | $442.7M | $327.1M |
| Q4 25 | $-27.8M | $53.4M | ||
| Q3 25 | $-19.4M | $39.8M | ||
| Q2 25 | $-435.3M | $32.9M | ||
| Q1 25 | $-33.3M | $54.0M | ||
| Q4 24 | $-22.4M | $51.3M | ||
| Q3 24 | $39.6M | $22.1M | ||
| Q2 24 | $-5.5M | $28.3M | ||
| Q1 24 | $-8.5M | $32.6M |
| Q4 25 | -1.9% | 23.1% | ||
| Q3 25 | -1.9% | 20.6% | ||
| Q2 25 | -114.4% | 19.1% | ||
| Q1 25 | -5.4% | 16.3% | ||
| Q4 24 | -2.8% | 21.9% | ||
| Q3 24 | -4.2% | 15.4% | ||
| Q2 24 | 1.6% | 18.0% | ||
| Q1 24 | 2.7% | 16.5% |
| Q4 25 | -7.1% | 10.0% | ||
| Q3 25 | -5.2% | 9.0% | ||
| Q2 25 | -114.6% | 8.2% | ||
| Q1 25 | -8.9% | 16.8% | ||
| Q4 24 | -5.6% | 10.9% | ||
| Q3 24 | 10.4% | 6.9% | ||
| Q2 24 | -1.3% | 7.9% | ||
| Q1 24 | -1.9% | 10.0% |
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $-2.55 | — | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $0.23 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $-0.05 | — |
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 | $538.9M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $308.2M |
| Total Assets | $2.6B | $1.8B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $538.9M | ||
| Q3 25 | $30.7M | $400.5M | ||
| Q2 25 | $21.3M | $214.6M | ||
| Q1 25 | $18.7M | $194.3M | ||
| Q4 24 | $29.0M | $483.9M | ||
| Q3 24 | $25.4M | $148.8M | ||
| Q2 24 | $28.6M | $164.2M | ||
| Q1 24 | $33.1M | $215.5M |
| 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 | $308.2M | ||
| Q3 25 | $670.3M | $228.6M | ||
| Q2 25 | $693.6M | $167.4M | ||
| Q1 25 | $1.1B | $148.8M | ||
| Q4 24 | $1.1B | $187.0M | ||
| Q3 24 | $1.2B | $159.1M | ||
| Q2 24 | $1.1B | $133.8M | ||
| Q1 24 | $1.2B | $174.6M |
| Q4 25 | $2.6B | $1.8B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $3.2B | $1.4B | ||
| Q1 24 | $3.2B | $1.3B |
| 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 | $155.7M |
| Free Cash FlowOCF − Capex | $27.9M | $138.6M |
| FCF MarginFCF / Revenue | 7.1% | 26.1% |
| Capex IntensityCapex / Revenue | 4.4% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $155.7M | ||
| Q3 25 | $42.3M | $256.1M | ||
| Q2 25 | $-32.5M | $190.4M | ||
| Q1 25 | $-20.8M | $-75.9M | ||
| Q4 24 | $27.0M | $195.7M | ||
| Q3 24 | $3.3M | $180.5M | ||
| Q2 24 | $33.2M | $193.6M | ||
| Q1 24 | $-17.7M | $-38.8M |
| Q4 25 | $27.9M | $138.6M | ||
| Q3 25 | $15.5M | $240.9M | ||
| Q2 25 | $-60.8M | $178.9M | ||
| Q1 25 | $-46.7M | $-77.9M | ||
| Q4 24 | $-6.9M | $195.3M | ||
| Q3 24 | $-22.9M | $178.5M | ||
| Q2 24 | $1.6M | $193.0M | ||
| Q1 24 | $-46.8M | $-39.2M |
| Q4 25 | 7.1% | 26.1% | ||
| Q3 25 | 4.1% | 54.5% | ||
| Q2 25 | -16.0% | 44.6% | ||
| Q1 25 | -12.5% | -24.2% | ||
| Q4 24 | -1.7% | 41.5% | ||
| Q3 24 | -6.0% | 55.7% | ||
| Q2 24 | 0.4% | 53.9% | ||
| Q1 24 | -10.6% | -12.0% |
| Q4 25 | 4.4% | 3.2% | ||
| Q3 25 | 7.1% | 3.4% | ||
| Q2 25 | 7.4% | 2.9% | ||
| Q1 25 | 6.9% | 0.6% | ||
| Q4 24 | 8.4% | 0.1% | ||
| Q3 24 | 6.9% | 0.6% | ||
| Q2 24 | 7.2% | 0.1% | ||
| Q1 24 | 6.6% | 0.1% |
| Q4 25 | — | 2.92× | ||
| Q3 25 | — | 6.43× | ||
| Q2 25 | — | 5.79× | ||
| Q1 25 | — | -1.41× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | 0.08× | 8.15× | ||
| Q2 24 | — | 6.84× | ||
| Q1 24 | — | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
