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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $219.2M, roughly 1.8× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs -7.1%, a 13.4% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $27.9M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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 PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $219.2M |
| Net Profit | $-27.8M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 8.5% |
| Net Margin | -7.1% | 6.3% |
| Revenue YoY | -2.9% | -2.9% |
| Net Profit YoY | -23.8% | — |
| EPS (diluted) | $-0.18 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $375.3M | $164.6M | ||
| Q2 25 | $379.8M | $155.3M | ||
| Q1 25 | $375.2M | $211.8M | ||
| Q4 24 | $404.0M | $225.7M | ||
| Q3 24 | $379.9M | $278.2M | ||
| Q2 24 | $438.8M | $272.0M | ||
| Q1 24 | $442.7M | $102.1M |
| Q4 25 | $-27.8M | $13.8M | ||
| Q3 25 | $-19.4M | $6.0M | ||
| Q2 25 | $-435.3M | $2.7M | ||
| Q1 25 | $-33.3M | $17.3M | ||
| Q4 24 | $-22.4M | — | ||
| Q3 24 | $39.6M | $16.4M | ||
| Q2 24 | $-5.5M | $-66.0M | ||
| Q1 24 | $-8.5M | $-35.8M |
| Q4 25 | -1.9% | 8.5% | ||
| Q3 25 | -1.9% | 5.4% | ||
| Q2 25 | -114.4% | 5.8% | ||
| Q1 25 | -5.4% | 5.5% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -4.2% | 12.9% | ||
| Q2 24 | 1.6% | -30.2% | ||
| Q1 24 | 2.7% | -52.4% |
| Q4 25 | -7.1% | 6.3% | ||
| Q3 25 | -5.2% | 3.6% | ||
| Q2 25 | -114.6% | 1.8% | ||
| Q1 25 | -8.9% | 8.2% | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 10.4% | 5.9% | ||
| Q2 24 | -1.3% | -24.3% | ||
| Q1 24 | -1.9% | -35.1% |
| Q4 25 | $-0.18 | $0.11 | ||
| Q3 25 | $-0.11 | $0.08 | ||
| Q2 25 | $-2.55 | $0.04 | ||
| Q1 25 | $-0.20 | $0.24 | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $0.23 | $0.24 | ||
| Q2 24 | $-0.03 | $-1.21 | ||
| Q1 24 | $-0.05 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $-127.4M |
| Total Assets | $2.6B | $797.6M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $255.9M | ||
| Q3 25 | $30.7M | $185.5M | ||
| Q2 25 | $21.3M | $145.0M | ||
| Q1 25 | $18.7M | $111.2M | ||
| Q4 24 | $29.0M | $407.4M | ||
| Q3 24 | $25.4M | $335.1M | ||
| Q2 24 | $28.6M | $185.3M | ||
| Q1 24 | $33.1M | $156.7M |
| 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 | $-127.4M | ||
| Q3 25 | $670.3M | $-302.4M | ||
| Q2 25 | $693.6M | $-318.4M | ||
| Q1 25 | $1.1B | $-323.1M | ||
| Q4 24 | $1.1B | $-421.4M | ||
| Q3 24 | $1.2B | $-360.8M | ||
| Q2 24 | $1.1B | $-283.0M | ||
| Q1 24 | $1.2B | $161.9M |
| Q4 25 | $2.6B | $797.6M | ||
| Q3 25 | $2.6B | $650.2M | ||
| Q2 25 | $2.6B | $606.7M | ||
| Q1 25 | $3.1B | $570.5M | ||
| Q4 24 | $3.1B | $876.8M | ||
| Q3 24 | $3.1B | $810.9M | ||
| Q2 24 | $3.2B | $645.5M | ||
| Q1 24 | $3.2B | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $27.9M | $30.5M |
| FCF MarginFCF / Revenue | 7.1% | 13.9% |
| Capex IntensityCapex / Revenue | 4.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $34.8M | ||
| Q3 25 | $42.3M | $59.2M | ||
| Q2 25 | $-32.5M | $56.1M | ||
| Q1 25 | $-20.8M | $-176.5M | ||
| Q4 24 | $27.0M | $223.4M | ||
| Q3 24 | $3.3M | $200.3M | ||
| Q2 24 | $33.2M | $90.0M | ||
| Q1 24 | $-17.7M | $-206.3M |
| Q4 25 | $27.9M | $30.5M | ||
| Q3 25 | $15.5M | $57.6M | ||
| Q2 25 | $-60.8M | $55.3M | ||
| Q1 25 | $-46.7M | $-177.6M | ||
| Q4 24 | $-6.9M | $207.0M | ||
| Q3 24 | $-22.9M | $199.3M | ||
| Q2 24 | $1.6M | $83.7M | ||
| Q1 24 | $-46.8M | $-214.8M |
| Q4 25 | 7.1% | 13.9% | ||
| Q3 25 | 4.1% | 35.0% | ||
| Q2 25 | -16.0% | 35.6% | ||
| Q1 25 | -12.5% | -83.8% | ||
| Q4 24 | -1.7% | 91.7% | ||
| Q3 24 | -6.0% | 71.6% | ||
| Q2 24 | 0.4% | 30.8% | ||
| Q1 24 | -10.6% | -210.3% |
| Q4 25 | 4.4% | 2.0% | ||
| Q3 25 | 7.1% | 0.9% | ||
| Q2 25 | 7.4% | 0.5% | ||
| Q1 25 | 6.9% | 0.5% | ||
| Q4 24 | 8.4% | 7.3% | ||
| Q3 24 | 6.9% | 0.4% | ||
| Q2 24 | 7.2% | 2.3% | ||
| Q1 24 | 6.6% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.08× | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
