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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Polestar Automotive Holding UK PLC (PSNY). Click either name above to swap in a different company.

Polestar Automotive Holding UK PLC is the larger business by last-quarter revenue ($685.2M vs $392.4M, roughly 1.7× Krispy Kreme, Inc.). Krispy Kreme, Inc. runs the higher net margin — -7.1% vs -44.4%, a 37.3% gap on every dollar of revenue. Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-709.7M).

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...

Polestar Automotive Holding UK PLC, or simply Polestar, is a Swedish automotive manufacturer that produces electric cars. Principally owned by Li Shufu's PSD Investment, Geely Holding and Volvo Cars, the company is headquartered in Torslanda, outside Gothenburg, Sweden. With an "asset-light" approach in development and manufacturing, Polestar does not have its own manufacturing facility; instead it produces cars in facilities controlled by Volvo or Geely in several countries, including China,...

DNUT vs PSNY — Head-to-Head

Bigger by revenue
PSNY
PSNY
1.7× larger
PSNY
$685.2M
$392.4M
DNUT
Higher net margin
DNUT
DNUT
37.3% more per $
DNUT
-7.1%
-44.4%
PSNY
More free cash flow
DNUT
DNUT
$737.6M more FCF
DNUT
$27.9M
$-709.7M
PSNY

Income Statement — Q4 FY2025 vs Q2 FY2023

Metric
DNUT
DNUT
PSNY
PSNY
Revenue
$392.4M
$685.2M
Net Profit
$-27.8M
$-304.1M
Gross Margin
-0.1%
Operating Margin
-1.9%
-72.6%
Net Margin
-7.1%
-44.4%
Revenue YoY
-2.9%
Net Profit YoY
-23.8%
EPS (diluted)
$-0.18
$-0.14

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
PSNY
PSNY
Q4 25
$392.4M
Q3 25
$375.3M
Q2 25
$379.8M
Q1 25
$375.2M
Q4 24
$404.0M
Q3 24
$379.9M
Q2 24
$438.8M
Q1 24
$442.7M
Net Profit
DNUT
DNUT
PSNY
PSNY
Q4 25
$-27.8M
Q3 25
$-19.4M
Q2 25
$-435.3M
Q1 25
$-33.3M
Q4 24
$-22.4M
Q3 24
$39.6M
Q2 24
$-5.5M
Q1 24
$-8.5M
Operating Margin
DNUT
DNUT
PSNY
PSNY
Q4 25
-1.9%
Q3 25
-1.9%
Q2 25
-114.4%
Q1 25
-5.4%
Q4 24
-2.8%
Q3 24
-4.2%
Q2 24
1.6%
Q1 24
2.7%
Net Margin
DNUT
DNUT
PSNY
PSNY
Q4 25
-7.1%
Q3 25
-5.2%
Q2 25
-114.6%
Q1 25
-8.9%
Q4 24
-5.6%
Q3 24
10.4%
Q2 24
-1.3%
Q1 24
-1.9%
EPS (diluted)
DNUT
DNUT
PSNY
PSNY
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
DNUT
DNUT
PSNY
PSNY
Cash + ST InvestmentsLiquidity on hand
$42.4M
$1.1B
Total DebtLower is stronger
$911.9M
$1.6B
Stockholders' EquityBook value
$650.1M
$-456.3M
Total Assets
$2.6B
$4.3B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
PSNY
PSNY
Q4 25
$42.4M
Q3 25
$30.7M
Q2 25
$21.3M
Q1 25
$18.7M
Q4 24
$29.0M
Q3 24
$25.4M
Q2 24
$28.6M
Q1 24
$33.1M
Total Debt
DNUT
DNUT
PSNY
PSNY
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
Stockholders' Equity
DNUT
DNUT
PSNY
PSNY
Q4 25
$650.1M
Q3 25
$670.3M
Q2 25
$693.6M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.2B
Total Assets
DNUT
DNUT
PSNY
PSNY
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.2B
Q1 24
$3.2B
Debt / Equity
DNUT
DNUT
PSNY
PSNY
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
DNUT
DNUT
PSNY
PSNY
Operating Cash FlowLast quarter
$45.0M
$-666.7M
Free Cash FlowOCF − Capex
$27.9M
$-709.7M
FCF MarginFCF / Revenue
7.1%
-103.6%
Capex IntensityCapex / Revenue
4.4%
6.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
PSNY
PSNY
Q4 25
$45.0M
Q3 25
$42.3M
Q2 25
$-32.5M
Q1 25
$-20.8M
Q4 24
$27.0M
Q3 24
$3.3M
Q2 24
$33.2M
Q1 24
$-17.7M
Free Cash Flow
DNUT
DNUT
PSNY
PSNY
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
PSNY
PSNY
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
PSNY
PSNY
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
PSNY
PSNY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.08×
Q2 24
Q1 24

Financial Flow Comparison

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

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