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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $207.0M, roughly 1.9× ONE Group Hospitality, Inc.). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -7.1%, a 4.0% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -6.7%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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...
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
DNUT vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $207.0M |
| Net Profit | $-27.8M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 2.2% |
| Net Margin | -7.1% | -3.1% |
| Revenue YoY | -2.9% | -6.7% |
| Net Profit YoY | -23.8% | -531.8% |
| EPS (diluted) | $-0.18 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $375.3M | $180.2M | ||
| Q2 25 | $379.8M | $207.4M | ||
| Q1 25 | $375.2M | $211.1M | ||
| Q4 24 | $404.0M | $221.9M | ||
| Q3 24 | $379.9M | $194.0M | ||
| Q2 24 | $438.8M | $172.5M | ||
| Q1 24 | $442.7M | $85.0M |
| Q4 25 | $-27.8M | $-6.4M | ||
| Q3 25 | $-19.4M | $-76.7M | ||
| Q2 25 | $-435.3M | $-10.1M | ||
| Q1 25 | $-33.3M | $975.0K | ||
| Q4 24 | $-22.4M | $1.5M | ||
| Q3 24 | $39.6M | $-9.3M | ||
| Q2 24 | $-5.5M | $-7.3M | ||
| Q1 24 | $-8.5M | $-2.1M |
| Q4 25 | -1.9% | 2.2% | ||
| Q3 25 | -1.9% | -4.4% | ||
| Q2 25 | -114.4% | 0.3% | ||
| Q1 25 | -5.4% | 5.1% | ||
| Q4 24 | -2.8% | 5.5% | ||
| Q3 24 | -4.2% | -1.9% | ||
| Q2 24 | 1.6% | 0.6% | ||
| Q1 24 | 2.7% | -0.7% |
| Q4 25 | -7.1% | -3.1% | ||
| Q3 25 | -5.2% | -42.6% | ||
| Q2 25 | -114.6% | -4.9% | ||
| Q1 25 | -8.9% | 0.5% | ||
| Q4 24 | -5.6% | 0.7% | ||
| Q3 24 | 10.4% | -4.8% | ||
| Q2 24 | -1.3% | -4.3% | ||
| Q1 24 | -1.9% | -2.4% |
| Q4 25 | $-0.18 | $-0.50 | ||
| Q3 25 | $-0.11 | $-2.75 | ||
| Q2 25 | $-2.55 | $-0.59 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $-0.13 | $-0.18 | ||
| Q3 24 | $0.23 | $-0.53 | ||
| Q2 24 | $-0.03 | $-0.38 | ||
| Q1 24 | $-0.05 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | $911.9M | $354.2M |
| Stockholders' EquityBook value | $650.1M | $-75.8M |
| Total Assets | $2.6B | $884.2M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $4.2M | ||
| Q3 25 | $30.7M | $5.5M | ||
| Q2 25 | $21.3M | $4.7M | ||
| Q1 25 | $18.7M | $21.4M | ||
| Q4 24 | $29.0M | $27.6M | ||
| Q3 24 | $25.4M | $28.2M | ||
| Q2 24 | $28.6M | $32.2M | ||
| Q1 24 | $33.1M | $15.4M |
| Q4 25 | $911.9M | $354.2M | ||
| Q3 25 | $906.2M | $355.0M | ||
| Q2 25 | $889.4M | $347.4M | ||
| Q1 25 | $935.0M | $348.3M | ||
| Q4 24 | $844.5M | $348.3M | ||
| Q3 24 | $804.6M | $349.1M | ||
| Q2 24 | $895.0M | $350.0M | ||
| Q1 24 | $881.8M | $73.5M |
| Q4 25 | $650.1M | $-75.8M | ||
| Q3 25 | $670.3M | $-61.5M | ||
| Q2 25 | $693.6M | $23.0M | ||
| Q1 25 | $1.1B | $40.5M | ||
| Q4 24 | $1.1B | $45.9M | ||
| Q3 24 | $1.2B | $51.4M | ||
| Q2 24 | $1.1B | $68.1M | ||
| Q1 24 | $1.2B | $68.3M |
| Q4 25 | $2.6B | $884.2M | ||
| Q3 25 | $2.6B | $879.5M | ||
| Q2 25 | $2.6B | $935.7M | ||
| Q1 25 | $3.1B | $956.0M | ||
| Q4 24 | $3.1B | $960.1M | ||
| Q3 24 | $3.1B | $953.5M | ||
| Q2 24 | $3.2B | $945.9M | ||
| Q1 24 | $3.2B | $309.3M |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | 15.07× | ||
| Q1 25 | 0.85× | 8.61× | ||
| Q4 24 | 0.74× | 7.59× | ||
| Q3 24 | 0.68× | 6.79× | ||
| Q2 24 | 0.79× | 5.14× | ||
| Q1 24 | 0.76× | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $27.9M | $-329.0K |
| FCF MarginFCF / Revenue | 7.1% | -0.2% |
| Capex IntensityCapex / Revenue | 4.4% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $13.1M | ||
| Q3 25 | $42.3M | $5.9M | ||
| Q2 25 | $-32.5M | $2.8M | ||
| Q1 25 | $-20.8M | $8.5M | ||
| Q4 24 | $27.0M | $18.5M | ||
| Q3 24 | $3.3M | $19.1M | ||
| Q2 24 | $33.2M | $-3.8M | ||
| Q1 24 | $-17.7M | $10.4M |
| Q4 25 | $27.9M | $-329.0K | ||
| Q3 25 | $15.5M | $-6.1M | ||
| Q2 25 | $-60.8M | $-15.0M | ||
| Q1 25 | $-46.7M | $-5.8M | ||
| Q4 24 | $-6.9M | $733.0K | ||
| Q3 24 | $-22.9M | $287.0K | ||
| Q2 24 | $1.6M | $-23.0M | ||
| Q1 24 | $-46.8M | $-5.4M |
| Q4 25 | 7.1% | -0.2% | ||
| Q3 25 | 4.1% | -3.4% | ||
| Q2 25 | -16.0% | -7.2% | ||
| Q1 25 | -12.5% | -2.7% | ||
| Q4 24 | -1.7% | 0.3% | ||
| Q3 24 | -6.0% | 0.1% | ||
| Q2 24 | 0.4% | -13.3% | ||
| Q1 24 | -10.6% | -6.4% |
| Q4 25 | 4.4% | 6.5% | ||
| Q3 25 | 7.1% | 6.7% | ||
| Q2 25 | 7.4% | 8.6% | ||
| Q1 25 | 6.9% | 6.8% | ||
| Q4 24 | 8.4% | 8.0% | ||
| Q3 24 | 6.9% | 9.7% | ||
| Q2 24 | 7.2% | 11.1% | ||
| Q1 24 | 6.6% | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| Q3 24 | 0.08× | — | ||
| 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.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
