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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Soho House & Co Inc. (SHCO). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $370.8M, roughly 1.1× Soho House & Co Inc.). Soho House & Co Inc. runs the higher net margin — -5.0% vs -7.1%, a 2.0% gap on every dollar of revenue. On growth, Soho House & Co Inc. posted the faster year-over-year revenue change (11.2% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $3.5M). Over the past eight quarters, Soho House & Co Inc.'s revenue compounded faster (13.5% 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...
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
DNUT vs SHCO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $370.8M |
| Net Profit | $-27.8M | $-18.7M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | -1.6% |
| Net Margin | -7.1% | -5.0% |
| Revenue YoY | -2.9% | 11.2% |
| Net Profit YoY | -23.8% | -10790.3% |
| EPS (diluted) | $-0.18 | $-0.10 |
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 | — | ||
| Q3 25 | $375.3M | $370.8M | ||
| Q2 25 | $379.8M | $329.8M | ||
| Q1 25 | $375.2M | $282.9M | ||
| Q4 24 | $404.0M | $305.6M | ||
| Q3 24 | $379.9M | $333.4M | ||
| Q2 24 | $438.8M | $302.9M | ||
| Q1 24 | $442.7M | $261.9M |
| Q4 25 | $-27.8M | — | ||
| Q3 25 | $-19.4M | $-18.7M | ||
| Q2 25 | $-435.3M | $24.9M | ||
| Q1 25 | $-33.3M | $8.2M | ||
| Q4 24 | $-22.4M | $-91.7M | ||
| Q3 24 | $39.6M | $175.0K | ||
| Q2 24 | $-5.5M | $-29.9M | ||
| Q1 24 | $-8.5M | $-41.6M |
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.9% | -1.6% | ||
| Q2 25 | -114.4% | 18.1% | ||
| Q1 25 | -5.4% | 12.3% | ||
| Q4 24 | -2.8% | -23.1% | ||
| Q3 24 | -4.2% | 11.4% | ||
| Q2 24 | 1.6% | -4.3% | ||
| Q1 24 | 2.7% | -9.3% |
| Q4 25 | -7.1% | — | ||
| Q3 25 | -5.2% | -5.0% | ||
| Q2 25 | -114.6% | 7.5% | ||
| Q1 25 | -8.9% | 2.9% | ||
| Q4 24 | -5.6% | -30.0% | ||
| Q3 24 | 10.4% | 0.1% | ||
| Q2 24 | -1.3% | -9.9% | ||
| Q1 24 | -1.9% | -15.9% |
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.11 | $-0.10 | ||
| Q2 25 | $-2.55 | $0.13 | ||
| Q1 25 | $-0.20 | $0.04 | ||
| Q4 24 | $-0.13 | $-0.48 | ||
| Q3 24 | $0.23 | $0.00 | ||
| Q2 24 | $-0.03 | $-0.15 | ||
| Q1 24 | $-0.05 | $-0.21 |
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 | $142.5M |
| Total DebtLower is stronger | $911.9M | $735.8M |
| Stockholders' EquityBook value | $650.1M | $-351.6M |
| Total Assets | $2.6B | $2.7B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | — | ||
| Q3 25 | $30.7M | $142.5M | ||
| Q2 25 | $21.3M | $150.3M | ||
| Q1 25 | $18.7M | $150.1M | ||
| Q4 24 | $29.0M | $152.7M | ||
| Q3 24 | $25.4M | $142.8M | ||
| Q2 24 | $28.6M | $148.5M | ||
| Q1 24 | $33.1M | $139.8M |
| Q4 25 | $911.9M | — | ||
| Q3 25 | $906.2M | $735.8M | ||
| Q2 25 | $889.4M | $729.8M | ||
| Q1 25 | $935.0M | $705.1M | ||
| Q4 24 | $844.5M | $691.5M | ||
| Q3 24 | $804.6M | $694.8M | ||
| Q2 24 | $895.0M | $682.1M | ||
| Q1 24 | $881.8M | $671.7M |
| Q4 25 | $650.1M | — | ||
| Q3 25 | $670.3M | $-351.6M | ||
| Q2 25 | $693.6M | $-348.6M | ||
| Q1 25 | $1.1B | $-340.1M | ||
| Q4 24 | $1.1B | $-335.1M | ||
| Q3 24 | $1.2B | $-279.4M | ||
| Q2 24 | $1.1B | $-231.7M | ||
| Q1 24 | $1.2B | $-193.0M |
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.6B | $2.6B | ||
| Q1 25 | $3.1B | $2.5B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $3.2B | $2.6B | ||
| Q1 24 | $3.2B | $2.5B |
| 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 | $34.9M |
| Free Cash FlowOCF − Capex | $27.9M | $3.5M |
| FCF MarginFCF / Revenue | 7.1% | 0.9% |
| Capex IntensityCapex / Revenue | 4.4% | 8.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | — | ||
| Q3 25 | $42.3M | $34.9M | ||
| Q2 25 | $-32.5M | $41.0M | ||
| Q1 25 | $-20.8M | $22.8M | ||
| Q4 24 | $27.0M | $26.9M | ||
| Q3 24 | $3.3M | $20.6M | ||
| Q2 24 | $33.2M | $36.0M | ||
| Q1 24 | $-17.7M | $6.2M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $15.5M | $3.5M | ||
| Q2 25 | $-60.8M | $12.4M | ||
| Q1 25 | $-46.7M | $7.5M | ||
| Q4 24 | $-6.9M | $18.5M | ||
| Q3 24 | $-22.9M | $10.3M | ||
| Q2 24 | $1.6M | $10.2M | ||
| Q1 24 | $-46.8M | $-13.5M |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 4.1% | 0.9% | ||
| Q2 25 | -16.0% | 3.8% | ||
| Q1 25 | -12.5% | 2.7% | ||
| Q4 24 | -1.7% | 6.1% | ||
| Q3 24 | -6.0% | 3.1% | ||
| Q2 24 | 0.4% | 3.4% | ||
| Q1 24 | -10.6% | -5.2% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 7.1% | 8.5% | ||
| Q2 25 | 7.4% | 8.7% | ||
| Q1 25 | 6.9% | 5.4% | ||
| Q4 24 | 8.4% | 2.7% | ||
| Q3 24 | 6.9% | 3.1% | ||
| Q2 24 | 7.2% | 8.5% | ||
| Q1 24 | 6.6% | 7.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 2.79× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.08× | 117.70× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
