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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and PROASSURANCE CORP (PRA). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $269.6M, roughly 1.5× PROASSURANCE CORP). PROASSURANCE CORP runs the higher net margin — 12.4% vs -7.1%, a 19.5% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -7.1%). Over the past eight quarters, PROASSURANCE 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...

ProAssurance Corporation, headquartered in Birmingham, Alabama, is a property and casualty company that sells professional liability insurance to doctors. The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest medical professional liability insurance writer and has over $6 billion in assets.

DNUT vs PRA — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.5× larger
DNUT
$392.4M
$269.6M
PRA
Growing faster (revenue YoY)
DNUT
DNUT
+4.2% gap
DNUT
-2.9%
-7.1%
PRA
Higher net margin
PRA
PRA
19.5% more per $
PRA
12.4%
-7.1%
DNUT
Faster 2-yr revenue CAGR
PRA
PRA
Annualised
PRA
-2.7%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
PRA
PRA
Revenue
$392.4M
$269.6M
Net Profit
$-27.8M
$33.4M
Gross Margin
Operating Margin
-1.9%
17.3%
Net Margin
-7.1%
12.4%
Revenue YoY
-2.9%
-7.1%
Net Profit YoY
-23.8%
106.4%
EPS (diluted)
$-0.18
$0.65

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.

Revenue
DNUT
DNUT
PRA
PRA
Q4 25
$392.4M
$269.6M
Q3 25
$375.3M
$279.6M
Q2 25
$379.8M
$276.8M
Q1 25
$375.2M
$272.1M
Q4 24
$404.0M
$290.1M
Q3 24
$379.9M
$285.3M
Q2 24
$438.8M
$290.4M
Q1 24
$442.7M
$284.7M
Net Profit
DNUT
DNUT
PRA
PRA
Q4 25
$-27.8M
$33.4M
Q3 25
$-19.4M
$1.4M
Q2 25
$-435.3M
$21.9M
Q1 25
$-33.3M
$-5.8M
Q4 24
$-22.4M
$16.2M
Q3 24
$39.6M
$16.4M
Q2 24
$-5.5M
$15.5M
Q1 24
$-8.5M
$4.6M
Operating Margin
DNUT
DNUT
PRA
PRA
Q4 25
-1.9%
17.3%
Q3 25
-1.9%
1.6%
Q2 25
-114.4%
9.9%
Q1 25
-5.4%
-2.3%
Q4 24
-2.8%
6.5%
Q3 24
-4.2%
7.4%
Q2 24
1.6%
6.2%
Q1 24
2.7%
1.9%
Net Margin
DNUT
DNUT
PRA
PRA
Q4 25
-7.1%
12.4%
Q3 25
-5.2%
0.5%
Q2 25
-114.6%
7.9%
Q1 25
-8.9%
-2.1%
Q4 24
-5.6%
5.6%
Q3 24
10.4%
5.8%
Q2 24
-1.3%
5.3%
Q1 24
-1.9%
1.6%
EPS (diluted)
DNUT
DNUT
PRA
PRA
Q4 25
$-0.18
$0.65
Q3 25
$-0.11
$0.03
Q2 25
$-2.55
$0.42
Q1 25
$-0.20
$-0.11
Q4 24
$-0.13
$0.32
Q3 24
$0.23
$0.32
Q2 24
$-0.03
$0.30
Q1 24
$-0.05
$0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DNUT
DNUT
PRA
PRA
Cash + ST InvestmentsLiquidity on hand
$42.4M
$36.5M
Total DebtLower is stronger
$911.9M
$420.4M
Stockholders' EquityBook value
$650.1M
$1.3B
Total Assets
$2.6B
$5.4B
Debt / EquityLower = less leverage
1.40×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
PRA
PRA
Q4 25
$42.4M
$36.5M
Q3 25
$30.7M
$54.5M
Q2 25
$21.3M
$41.6M
Q1 25
$18.7M
$43.5M
Q4 24
$29.0M
$54.9M
Q3 24
$25.4M
$45.3M
Q2 24
$28.6M
$36.9M
Q1 24
$33.1M
$65.4M
Total Debt
DNUT
DNUT
PRA
PRA
Q4 25
$911.9M
$420.4M
Q3 25
$906.2M
$421.5M
Q2 25
$889.4M
$422.6M
Q1 25
$935.0M
$423.7M
Q4 24
$844.5M
$424.9M
Q3 24
$804.6M
$425.9M
Q2 24
$895.0M
$426.9M
Q1 24
$881.8M
$427.8M
Stockholders' Equity
DNUT
DNUT
PRA
PRA
Q4 25
$650.1M
$1.3B
Q3 25
$670.3M
$1.3B
Q2 25
$693.6M
$1.3B
Q1 25
$1.1B
$1.2B
Q4 24
$1.1B
$1.2B
Q3 24
$1.2B
$1.2B
Q2 24
$1.1B
$1.1B
Q1 24
$1.2B
$1.1B
Total Assets
DNUT
DNUT
PRA
PRA
Q4 25
$2.6B
$5.4B
Q3 25
$2.6B
$5.6B
Q2 25
$2.6B
$5.5B
Q1 25
$3.1B
$5.5B
Q4 24
$3.1B
$5.6B
Q3 24
$3.1B
$5.7B
Q2 24
$3.2B
$5.6B
Q1 24
$3.2B
$5.7B
Debt / Equity
DNUT
DNUT
PRA
PRA
Q4 25
1.40×
0.31×
Q3 25
1.35×
0.32×
Q2 25
1.28×
0.33×
Q1 25
0.85×
0.34×
Q4 24
0.74×
0.35×
Q3 24
0.68×
0.35×
Q2 24
0.79×
0.38×
Q1 24
0.76×
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DNUT
DNUT
PRA
PRA
Operating Cash FlowLast quarter
$45.0M
$-25.6M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
-0.77×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
PRA
PRA
Q4 25
$45.0M
$-25.6M
Q3 25
$42.3M
$27.2M
Q2 25
$-32.5M
$-28.1M
Q1 25
$-20.8M
$-11.6M
Q4 24
$27.0M
$-10.7M
Q3 24
$3.3M
$14.0M
Q2 24
$33.2M
$-12.8M
Q1 24
$-17.7M
$-11.6M
Free Cash Flow
DNUT
DNUT
PRA
PRA
Q4 25
$27.9M
Q3 25
$15.5M
Q2 25
$-60.8M
Q1 25
$-46.7M
Q4 24
$-6.9M
Q3 24
$-22.9M
Q2 24
$1.6M
Q1 24
$-46.8M
FCF Margin
DNUT
DNUT
PRA
PRA
Q4 25
7.1%
Q3 25
4.1%
Q2 25
-16.0%
Q1 25
-12.5%
Q4 24
-1.7%
Q3 24
-6.0%
Q2 24
0.4%
Q1 24
-10.6%
Capex Intensity
DNUT
DNUT
PRA
PRA
Q4 25
4.4%
Q3 25
7.1%
Q2 25
7.4%
Q1 25
6.9%
Q4 24
8.4%
Q3 24
6.9%
Q2 24
7.2%
Q1 24
6.6%
Cash Conversion
DNUT
DNUT
PRA
PRA
Q4 25
-0.77×
Q3 25
18.81×
Q2 25
-1.28×
Q1 25
Q4 24
-0.66×
Q3 24
0.08×
0.85×
Q2 24
-0.83×
Q1 24
-2.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

PRA
PRA

Workers Compensation Insurance Segment$164.4M61%
Other$59.6M22%
Segregated Portfolio Cell Reinsurance$45.7M17%

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