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

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $220.2M, roughly 1.8× Shutterstock, Inc.). Krispy Kreme, Inc. runs the higher net margin — -7.1% vs -7.3%, a 0.2% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -12.0%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $25.9M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% 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...

Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...

DNUT vs SSTK — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.8× larger
DNUT
$392.4M
$220.2M
SSTK
Growing faster (revenue YoY)
DNUT
DNUT
+9.1% gap
DNUT
-2.9%
-12.0%
SSTK
Higher net margin
DNUT
DNUT
0.2% more per $
DNUT
-7.1%
-7.3%
SSTK
More free cash flow
DNUT
DNUT
$2.0M more FCF
DNUT
$27.9M
$25.9M
SSTK
Faster 2-yr revenue CAGR
SSTK
SSTK
Annualised
SSTK
1.4%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
SSTK
SSTK
Revenue
$392.4M
$220.2M
Net Profit
$-27.8M
$-16.0M
Gross Margin
55.8%
Operating Margin
-1.9%
-1.1%
Net Margin
-7.1%
-7.3%
Revenue YoY
-2.9%
-12.0%
Net Profit YoY
-23.8%
-1021.0%
EPS (diluted)
$-0.18
$-0.47

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
SSTK
SSTK
Q4 25
$392.4M
$220.2M
Q3 25
$375.3M
$260.1M
Q2 25
$379.8M
$267.0M
Q1 25
$375.2M
$242.6M
Q4 24
$404.0M
$250.3M
Q3 24
$379.9M
$250.6M
Q2 24
$438.8M
$220.1M
Q1 24
$442.7M
$214.3M
Net Profit
DNUT
DNUT
SSTK
SSTK
Q4 25
$-27.8M
$-16.0M
Q3 25
$-19.4M
$13.4M
Q2 25
$-435.3M
$29.4M
Q1 25
$-33.3M
$18.7M
Q4 24
$-22.4M
$-1.4M
Q3 24
$39.6M
$17.6M
Q2 24
$-5.5M
$3.6M
Q1 24
$-8.5M
$16.1M
Gross Margin
DNUT
DNUT
SSTK
SSTK
Q4 25
55.8%
Q3 25
60.6%
Q2 25
60.3%
Q1 25
58.4%
Q4 24
55.1%
Q3 24
58.3%
Q2 24
58.5%
Q1 24
58.8%
Operating Margin
DNUT
DNUT
SSTK
SSTK
Q4 25
-1.9%
-1.1%
Q3 25
-1.9%
12.5%
Q2 25
-114.4%
13.0%
Q1 25
-5.4%
4.2%
Q4 24
-2.8%
5.3%
Q3 24
-4.2%
7.2%
Q2 24
1.6%
9.4%
Q1 24
2.7%
7.8%
Net Margin
DNUT
DNUT
SSTK
SSTK
Q4 25
-7.1%
-7.3%
Q3 25
-5.2%
5.1%
Q2 25
-114.6%
11.0%
Q1 25
-8.9%
7.7%
Q4 24
-5.6%
-0.6%
Q3 24
10.4%
7.0%
Q2 24
-1.3%
1.6%
Q1 24
-1.9%
7.5%
EPS (diluted)
DNUT
DNUT
SSTK
SSTK
Q4 25
$-0.18
$-0.47
Q3 25
$-0.11
$0.37
Q2 25
$-2.55
$0.82
Q1 25
$-0.20
$0.53
Q4 24
$-0.13
$-0.04
Q3 24
$0.23
$0.50
Q2 24
$-0.03
$0.10
Q1 24
$-0.05
$0.45

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$42.4M
$178.2M
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$581.0M
Total Assets
$2.6B
$1.4B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
SSTK
SSTK
Q4 25
$42.4M
$178.2M
Q3 25
$30.7M
$165.5M
Q2 25
$21.3M
$116.4M
Q1 25
$18.7M
$112.2M
Q4 24
$29.0M
$111.3M
Q3 24
$25.4M
$131.4M
Q2 24
$28.6M
$74.9M
Q1 24
$33.1M
$71.8M
Total Debt
DNUT
DNUT
SSTK
SSTK
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
SSTK
SSTK
Q4 25
$650.1M
$581.0M
Q3 25
$670.3M
$594.4M
Q2 25
$693.6M
$586.2M
Q1 25
$1.1B
$547.2M
Q4 24
$1.1B
$518.4M
Q3 24
$1.2B
$522.9M
Q2 24
$1.1B
$520.4M
Q1 24
$1.2B
$541.3M
Total Assets
DNUT
DNUT
SSTK
SSTK
Q4 25
$2.6B
$1.4B
Q3 25
$2.6B
$1.4B
Q2 25
$2.6B
$1.4B
Q1 25
$3.1B
$1.3B
Q4 24
$3.1B
$1.3B
Q3 24
$3.1B
$1.3B
Q2 24
$3.2B
$1.0B
Q1 24
$3.2B
$1.0B
Debt / Equity
DNUT
DNUT
SSTK
SSTK
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
SSTK
SSTK
Operating Cash FlowLast quarter
$45.0M
$36.2M
Free Cash FlowOCF − Capex
$27.9M
$25.9M
FCF MarginFCF / Revenue
7.1%
11.8%
Capex IntensityCapex / Revenue
4.4%
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
SSTK
SSTK
Q4 25
$45.0M
$36.2M
Q3 25
$42.3M
$78.4M
Q2 25
$-32.5M
$26.8M
Q1 25
$-20.8M
$25.2M
Q4 24
$27.0M
$8.0M
Q3 24
$3.3M
$-11.6M
Q2 24
$33.2M
$28.0M
Q1 24
$-17.7M
$8.3M
Free Cash Flow
DNUT
DNUT
SSTK
SSTK
Q4 25
$27.9M
$25.9M
Q3 25
$15.5M
$68.0M
Q2 25
$-60.8M
$15.5M
Q1 25
$-46.7M
$14.4M
Q4 24
$-6.9M
$-952.0K
Q3 24
$-22.9M
$-26.3M
Q2 24
$1.6M
$18.9M
Q1 24
$-46.8M
$-6.2M
FCF Margin
DNUT
DNUT
SSTK
SSTK
Q4 25
7.1%
11.8%
Q3 25
4.1%
26.1%
Q2 25
-16.0%
5.8%
Q1 25
-12.5%
6.0%
Q4 24
-1.7%
-0.4%
Q3 24
-6.0%
-10.5%
Q2 24
0.4%
8.6%
Q1 24
-10.6%
-2.9%
Capex Intensity
DNUT
DNUT
SSTK
SSTK
Q4 25
4.4%
4.7%
Q3 25
7.1%
4.0%
Q2 25
7.4%
4.2%
Q1 25
6.9%
4.5%
Q4 24
8.4%
3.6%
Q3 24
6.9%
5.9%
Q2 24
7.2%
4.1%
Q1 24
6.6%
6.7%
Cash Conversion
DNUT
DNUT
SSTK
SSTK
Q4 25
Q3 25
5.86×
Q2 25
0.91×
Q1 25
1.35×
Q4 24
Q3 24
0.08×
-0.66×
Q2 24
7.71×
Q1 24
0.51×

Financial Flow Comparison

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

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