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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($475.9M vs $392.4M, roughly 1.2× Krispy Kreme, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs -7.1%, a 17.5% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs -2.9%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% 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...
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
DNUT vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $475.9M |
| Net Profit | $-27.8M | $49.7M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 14.9% |
| Net Margin | -7.1% | 10.5% |
| Revenue YoY | -2.9% | 44.8% |
| Net Profit YoY | -23.8% | — |
| EPS (diluted) | $-0.18 | $1.09 |
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.
| Q1 26 | — | $475.9M | ||
| Q4 25 | $392.4M | $385.6M | ||
| Q3 25 | $375.3M | $382.5M | ||
| Q2 25 | $379.8M | $319.9M | ||
| Q1 25 | $375.2M | $328.5M | ||
| Q4 24 | $404.0M | $304.4M | ||
| Q3 24 | $379.9M | $300.9M | ||
| Q2 24 | $438.8M | $279.9M |
| Q1 26 | — | $49.7M | ||
| Q4 25 | $-27.8M | $43.2M | ||
| Q3 25 | $-19.4M | $45.9M | ||
| Q2 25 | $-435.3M | $38.8M | ||
| Q1 25 | $-33.3M | $42.1M | ||
| Q4 24 | $-22.4M | $14.4M | ||
| Q3 24 | $39.6M | $36.7M | ||
| Q2 24 | $-5.5M | $31.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | -1.9% | 14.2% | ||
| Q3 25 | -1.9% | 15.8% | ||
| Q2 25 | -114.4% | 15.6% | ||
| Q1 25 | -5.4% | 15.7% | ||
| Q4 24 | -2.8% | 6.1% | ||
| Q3 24 | -4.2% | 15.6% | ||
| Q2 24 | 1.6% | 14.4% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | -7.1% | 11.2% | ||
| Q3 25 | -5.2% | 12.0% | ||
| Q2 25 | -114.6% | 12.1% | ||
| Q1 25 | -8.9% | 12.8% | ||
| Q4 24 | -5.6% | 4.7% | ||
| Q3 24 | 10.4% | 12.2% | ||
| Q2 24 | -1.3% | 11.1% |
| Q1 26 | — | $1.09 | ||
| Q4 25 | $-0.18 | $1.03 | ||
| Q3 25 | $-0.11 | $1.10 | ||
| Q2 25 | $-2.55 | $0.93 | ||
| Q1 25 | $-0.20 | $1.01 | ||
| Q4 24 | $-0.13 | $0.33 | ||
| Q3 24 | $0.23 | $0.89 | ||
| Q2 24 | $-0.03 | $0.75 |
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 | $4.1M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $1.2B |
| Total Assets | $2.6B | $6.5B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $42.4M | $168.5M | ||
| Q3 25 | $30.7M | $160.1M | ||
| Q2 25 | $21.3M | $136.6M | ||
| Q1 25 | $18.7M | $112.9M | ||
| Q4 24 | $29.0M | $121.6M | ||
| Q3 24 | $25.4M | $105.6M | ||
| Q2 24 | $28.6M | $73.0M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $650.1M | $1.0B | ||
| Q3 25 | $670.3M | $961.4M | ||
| Q2 25 | $693.6M | $899.9M | ||
| Q1 25 | $1.1B | $850.7M | ||
| Q4 24 | $1.1B | $794.0M | ||
| Q3 24 | $1.2B | $797.5M | ||
| Q2 24 | $1.1B | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.6B | $4.8B | ||
| Q3 25 | $2.6B | $4.6B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $3.1B | $3.7B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $3.2B | $3.4B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $45.0M | $408.1M | ||
| Q3 25 | $42.3M | $171.4M | ||
| Q2 25 | $-32.5M | $88.2M | ||
| Q1 25 | $-20.8M | $96.8M | ||
| Q4 24 | $27.0M | $305.1M | ||
| Q3 24 | $3.3M | $168.0M | ||
| Q2 24 | $33.2M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $402.6M | ||
| Q3 25 | $15.5M | $168.9M | ||
| Q2 25 | $-60.8M | $87.1M | ||
| Q1 25 | $-46.7M | $96.6M | ||
| Q4 24 | $-6.9M | $300.9M | ||
| Q3 24 | $-22.9M | $167.6M | ||
| Q2 24 | $1.6M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 104.4% | ||
| Q3 25 | 4.1% | 44.2% | ||
| Q2 25 | -16.0% | 27.2% | ||
| Q1 25 | -12.5% | 29.4% | ||
| Q4 24 | -1.7% | 98.8% | ||
| Q3 24 | -6.0% | 55.7% | ||
| Q2 24 | 0.4% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 1.4% | ||
| Q3 25 | 7.1% | 0.6% | ||
| Q2 25 | 7.4% | 0.3% | ||
| Q1 25 | 6.9% | 0.1% | ||
| Q4 24 | 8.4% | 1.4% | ||
| Q3 24 | 6.9% | 0.1% | ||
| Q2 24 | 7.2% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | 0.08× | 4.58× | ||
| Q2 24 | — | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
