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

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $392.4M, roughly 1.8× Krispy Kreme, Inc.). On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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...

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

DNUT vs SM — Head-to-Head

Bigger by revenue
SM
SM
1.8× larger
SM
$704.9M
$392.4M
DNUT
Growing faster (revenue YoY)
DNUT
DNUT
+14.4% gap
DNUT
-2.9%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
SM
SM
Revenue
$392.4M
$704.9M
Net Profit
$-27.8M
Gross Margin
Operating Margin
-1.9%
25.9%
Net Margin
-7.1%
Revenue YoY
-2.9%
-17.3%
Net Profit YoY
-23.8%
EPS (diluted)
$-0.18
$0.94

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
SM
SM
Q4 25
$392.4M
$704.9M
Q3 25
$375.3M
$811.6M
Q2 25
$379.8M
$792.9M
Q1 25
$375.2M
$844.5M
Q4 24
$404.0M
$852.0M
Q3 24
$379.9M
$643.6M
Q2 24
$438.8M
$634.6M
Q1 24
$442.7M
$559.9M
Net Profit
DNUT
DNUT
SM
SM
Q4 25
$-27.8M
Q3 25
$-19.4M
$155.1M
Q2 25
$-435.3M
$201.7M
Q1 25
$-33.3M
$182.3M
Q4 24
$-22.4M
Q3 24
$39.6M
$240.5M
Q2 24
$-5.5M
$210.3M
Q1 24
$-8.5M
$131.2M
Operating Margin
DNUT
DNUT
SM
SM
Q4 25
-1.9%
25.9%
Q3 25
-1.9%
30.4%
Q2 25
-114.4%
37.2%
Q1 25
-5.4%
32.7%
Q4 24
-2.8%
33.7%
Q3 24
-4.2%
51.4%
Q2 24
1.6%
44.0%
Q1 24
2.7%
31.9%
Net Margin
DNUT
DNUT
SM
SM
Q4 25
-7.1%
Q3 25
-5.2%
19.1%
Q2 25
-114.6%
25.4%
Q1 25
-8.9%
21.6%
Q4 24
-5.6%
Q3 24
10.4%
37.4%
Q2 24
-1.3%
33.1%
Q1 24
-1.9%
23.4%
EPS (diluted)
DNUT
DNUT
SM
SM
Q4 25
$-0.18
$0.94
Q3 25
$-0.11
$1.35
Q2 25
$-2.55
$1.76
Q1 25
$-0.20
$1.59
Q4 24
$-0.13
$1.63
Q3 24
$0.23
$2.09
Q2 24
$-0.03
$1.82
Q1 24
$-0.05
$1.13

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
SM
SM
Cash + ST InvestmentsLiquidity on hand
$42.4M
$368.0M
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$4.8B
Total Assets
$2.6B
$9.3B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
SM
SM
Q4 25
$42.4M
$368.0M
Q3 25
$30.7M
$162.3M
Q2 25
$21.3M
$101.9M
Q1 25
$18.7M
$54.0K
Q4 24
$29.0M
Q3 24
$25.4M
$1.7B
Q2 24
$28.6M
$487.9M
Q1 24
$33.1M
$506.3M
Total Debt
DNUT
DNUT
SM
SM
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
SM
SM
Q4 25
$650.1M
$4.8B
Q3 25
$670.3M
$4.7B
Q2 25
$693.6M
$4.6B
Q1 25
$1.1B
$4.4B
Q4 24
$1.1B
$4.2B
Q3 24
$1.2B
$4.1B
Q2 24
$1.1B
$3.8B
Q1 24
$1.2B
$3.7B
Total Assets
DNUT
DNUT
SM
SM
Q4 25
$2.6B
$9.3B
Q3 25
$2.6B
$9.1B
Q2 25
$2.6B
$9.0B
Q1 25
$3.1B
$8.8B
Q4 24
$3.1B
$8.6B
Q3 24
$3.1B
$8.0B
Q2 24
$3.2B
$6.7B
Q1 24
$3.2B
$6.4B
Debt / Equity
DNUT
DNUT
SM
SM
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
SM
SM
Operating Cash FlowLast quarter
$45.0M
$451.9M
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.

Operating Cash Flow
DNUT
DNUT
SM
SM
Q4 25
$45.0M
$451.9M
Q3 25
$42.3M
$505.0M
Q2 25
$-32.5M
$571.1M
Q1 25
$-20.8M
$483.0M
Q4 24
$27.0M
$578.4M
Q3 24
$3.3M
$452.3M
Q2 24
$33.2M
$476.4M
Q1 24
$-17.7M
$276.0M
Free Cash Flow
DNUT
DNUT
SM
SM
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
SM
SM
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
SM
SM
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
SM
SM
Q4 25
Q3 25
3.26×
Q2 25
2.83×
Q1 25
2.65×
Q4 24
Q3 24
0.08×
1.88×
Q2 24
2.27×
Q1 24
2.10×

Financial Flow Comparison

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

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