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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $376.9M, roughly 1.0× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -2.9%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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...
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
DNUT vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $376.9M |
| Net Profit | $-27.8M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | -1.9% | 1.9% |
| Net Margin | -7.1% | — |
| Revenue YoY | -2.9% | 11.7% |
| Net Profit YoY | -23.8% | — |
| EPS (diluted) | $-0.18 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $375.3M | $366.9M | ||
| Q2 25 | $379.8M | $353.6M | ||
| Q1 25 | $375.2M | $342.0M | ||
| Q4 24 | $404.0M | $337.3M | ||
| Q3 24 | $379.9M | $327.5M | ||
| Q2 24 | $438.8M | $314.8M | ||
| Q1 24 | $442.7M | $306.1M |
| Q4 25 | $-27.8M | — | ||
| Q3 25 | $-19.4M | — | ||
| Q2 25 | $-435.3M | — | ||
| Q1 25 | $-33.3M | — | ||
| Q4 24 | $-22.4M | — | ||
| Q3 24 | $39.6M | — | ||
| Q2 24 | $-5.5M | — | ||
| Q1 24 | $-8.5M | — |
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 11.8% |
| Q4 25 | -1.9% | 1.9% | ||
| Q3 25 | -1.9% | 1.6% | ||
| Q2 25 | -114.4% | 0.7% | ||
| Q1 25 | -5.4% | -0.4% | ||
| Q4 24 | -2.8% | 0.1% | ||
| Q3 24 | -4.2% | 0.5% | ||
| Q2 24 | 1.6% | -1.7% | ||
| Q1 24 | 2.7% | -2.0% |
| Q4 25 | -7.1% | — | ||
| Q3 25 | -5.2% | — | ||
| Q2 25 | -114.6% | — | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | -1.9% | — |
| Q4 25 | $-0.18 | $0.13 | ||
| Q3 25 | $-0.11 | $0.13 | ||
| Q2 25 | $-2.55 | $0.22 | ||
| Q1 25 | $-0.20 | $-0.03 | ||
| Q4 24 | $-0.13 | $0.04 | ||
| Q3 24 | $0.23 | $0.03 | ||
| Q2 24 | $-0.03 | $-0.14 | ||
| Q1 24 | $-0.05 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $911.9M | $101.8M |
| Stockholders' EquityBook value | $650.1M | $383.9M |
| Total Assets | $2.6B | $915.0M |
| Debt / EquityLower = less leverage | 1.40× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $370.7M | ||
| Q3 25 | $30.7M | $348.5M | ||
| Q2 25 | $21.3M | $319.6M | ||
| Q1 25 | $18.7M | $321.8M | ||
| Q4 24 | $29.0M | $307.4M | ||
| Q3 24 | $25.4M | $293.1M | ||
| Q2 24 | $28.6M | $277.2M | ||
| Q1 24 | $33.1M | $275.2M |
| Q4 25 | $911.9M | $101.8M | ||
| Q3 25 | $906.2M | — | ||
| Q2 25 | $889.4M | — | ||
| Q1 25 | $935.0M | — | ||
| Q4 24 | $844.5M | $127.5M | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $895.0M | — | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $383.9M | ||
| Q3 25 | $670.3M | $368.6M | ||
| Q2 25 | $693.6M | $355.5M | ||
| Q1 25 | $1.1B | $333.7M | ||
| Q4 24 | $1.1B | $323.3M | ||
| Q3 24 | $1.2B | $320.2M | ||
| Q2 24 | $1.1B | $305.8M | ||
| Q1 24 | $1.2B | $303.4M |
| Q4 25 | $2.6B | $915.0M | ||
| Q3 25 | $2.6B | $880.2M | ||
| Q2 25 | $2.6B | $847.8M | ||
| Q1 25 | $3.1B | $837.2M | ||
| Q4 24 | $3.1B | $806.9M | ||
| Q3 24 | $3.1B | $816.1M | ||
| Q2 24 | $3.2B | $795.9M | ||
| Q1 24 | $3.2B | $789.5M |
| Q4 25 | 1.40× | 0.27× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.74× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $27.9M | $25.3M |
| FCF MarginFCF / Revenue | 7.1% | 6.7% |
| Capex IntensityCapex / Revenue | 4.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $29.3M | ||
| Q3 25 | $42.3M | $29.2M | ||
| Q2 25 | $-32.5M | $15.0M | ||
| Q1 25 | $-20.8M | $16.0M | ||
| Q4 24 | $27.0M | $23.7M | ||
| Q3 24 | $3.3M | $15.3M | ||
| Q2 24 | $33.2M | $6.9M | ||
| Q1 24 | $-17.7M | $2.4M |
| Q4 25 | $27.9M | $25.3M | ||
| Q3 25 | $15.5M | $23.9M | ||
| Q2 25 | $-60.8M | $12.0M | ||
| Q1 25 | $-46.7M | $14.0M | ||
| Q4 24 | $-6.9M | $21.8M | ||
| Q3 24 | $-22.9M | $13.4M | ||
| Q2 24 | $1.6M | $4.0M | ||
| Q1 24 | $-46.8M | $-631.0K |
| Q4 25 | 7.1% | 6.7% | ||
| Q3 25 | 4.1% | 6.5% | ||
| Q2 25 | -16.0% | 3.4% | ||
| Q1 25 | -12.5% | 4.1% | ||
| Q4 24 | -1.7% | 6.5% | ||
| Q3 24 | -6.0% | 4.1% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | -10.6% | -0.2% |
| Q4 25 | 4.4% | 1.0% | ||
| Q3 25 | 7.1% | 1.4% | ||
| Q2 25 | 7.4% | 0.8% | ||
| Q1 25 | 6.9% | 0.6% | ||
| Q4 24 | 8.4% | 0.6% | ||
| Q3 24 | 6.9% | 0.6% | ||
| Q2 24 | 7.2% | 0.9% | ||
| Q1 24 | 6.6% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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.
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
