vs

Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $385.4M, roughly 1.0× UNIVERSAL LOGISTICS HOLDINGS, INC.). UNIVERSAL LOGISTICS HOLDINGS, INC. runs the higher net margin — 1.0% vs -7.1%, a 8.0% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -17.1%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $14.3M). Over the past eight quarters, Krispy Kreme, Inc.'s revenue compounded faster (-5.9% CAGR vs -11.5%).

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...

Universal Music Group N.V. is a multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands, and its operational headquarters are located in Santa Monica, California. As the biggest music company in the world, it is one of the "Big Three" record labels, along with Sony Music Entertainment and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake...

DNUT vs ULH — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.0× larger
DNUT
$392.4M
$385.4M
ULH
Growing faster (revenue YoY)
DNUT
DNUT
+14.3% gap
DNUT
-2.9%
-17.1%
ULH
Higher net margin
ULH
ULH
8.0% more per $
ULH
1.0%
-7.1%
DNUT
More free cash flow
DNUT
DNUT
$13.7M more FCF
DNUT
$27.9M
$14.3M
ULH
Faster 2-yr revenue CAGR
DNUT
DNUT
Annualised
DNUT
-5.9%
-11.5%
ULH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
ULH
ULH
Revenue
$392.4M
$385.4M
Net Profit
$-27.8M
$3.7M
Gross Margin
Operating Margin
-1.9%
4.5%
Net Margin
-7.1%
1.0%
Revenue YoY
-2.9%
-17.1%
Net Profit YoY
-23.8%
-81.5%
EPS (diluted)
$-0.18
$0.14

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
ULH
ULH
Q4 25
$392.4M
$385.4M
Q3 25
$375.3M
$396.8M
Q2 25
$379.8M
$393.8M
Q1 25
$375.2M
$382.4M
Q4 24
$404.0M
$465.1M
Q3 24
$379.9M
$426.8M
Q2 24
$438.8M
$462.2M
Q1 24
$442.7M
$491.9M
Net Profit
DNUT
DNUT
ULH
ULH
Q4 25
$-27.8M
$3.7M
Q3 25
$-19.4M
$-117.9M
Q2 25
$-435.3M
$8.3M
Q1 25
$-33.3M
$6.0M
Q4 24
$-22.4M
$20.2M
Q3 24
$39.6M
$26.5M
Q2 24
$-5.5M
$30.7M
Q1 24
$-8.5M
$52.5M
Operating Margin
DNUT
DNUT
ULH
ULH
Q4 25
-1.9%
4.5%
Q3 25
-1.9%
-29.6%
Q2 25
-114.4%
5.1%
Q1 25
-5.4%
4.1%
Q4 24
-2.8%
8.2%
Q3 24
-4.2%
10.0%
Q2 24
1.6%
10.2%
Q1 24
2.7%
15.3%
Net Margin
DNUT
DNUT
ULH
ULH
Q4 25
-7.1%
1.0%
Q3 25
-5.2%
-29.7%
Q2 25
-114.6%
2.1%
Q1 25
-8.9%
1.6%
Q4 24
-5.6%
4.3%
Q3 24
10.4%
6.2%
Q2 24
-1.3%
6.7%
Q1 24
-1.9%
10.7%
EPS (diluted)
DNUT
DNUT
ULH
ULH
Q4 25
$-0.18
$0.14
Q3 25
$-0.11
$-4.48
Q2 25
$-2.55
$0.32
Q1 25
$-0.20
$0.23
Q4 24
$-0.13
$0.76
Q3 24
$0.23
$1.01
Q2 24
$-0.03
$1.17
Q1 24
$-0.05
$1.99

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
ULH
ULH
Cash + ST InvestmentsLiquidity on hand
$42.4M
$26.8M
Total DebtLower is stronger
$911.9M
$797.6M
Stockholders' EquityBook value
$650.1M
$540.4M
Total Assets
$2.6B
$1.8B
Debt / EquityLower = less leverage
1.40×
1.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
ULH
ULH
Q4 25
$42.4M
$26.8M
Q3 25
$30.7M
$27.4M
Q2 25
$21.3M
$24.3M
Q1 25
$18.7M
$20.6M
Q4 24
$29.0M
$19.4M
Q3 24
$25.4M
$11.8M
Q2 24
$28.6M
$7.5M
Q1 24
$33.1M
$11.1M
Total Debt
DNUT
DNUT
ULH
ULH
Q4 25
$911.9M
$797.6M
Q3 25
$906.2M
$824.2M
Q2 25
$889.4M
$795.5M
Q1 25
$935.0M
$736.7M
Q4 24
$844.5M
$759.1M
Q3 24
$804.6M
$557.4M
Q2 24
$895.0M
$483.8M
Q1 24
$881.8M
$414.1M
Stockholders' Equity
DNUT
DNUT
ULH
ULH
Q4 25
$650.1M
$540.4M
Q3 25
$670.3M
$534.9M
Q2 25
$693.6M
$653.7M
Q1 25
$1.1B
$646.4M
Q4 24
$1.1B
$647.0M
Q3 24
$1.2B
$631.0M
Q2 24
$1.1B
$608.9M
Q1 24
$1.2B
$583.9M
Total Assets
DNUT
DNUT
ULH
ULH
Q4 25
$2.6B
$1.8B
Q3 25
$2.6B
$1.8B
Q2 25
$2.6B
$1.9B
Q1 25
$3.1B
$1.8B
Q4 24
$3.1B
$1.8B
Q3 24
$3.1B
$1.6B
Q2 24
$3.2B
$1.5B
Q1 24
$3.2B
$1.4B
Debt / Equity
DNUT
DNUT
ULH
ULH
Q4 25
1.40×
1.48×
Q3 25
1.35×
1.54×
Q2 25
1.28×
1.22×
Q1 25
0.85×
1.14×
Q4 24
0.74×
1.17×
Q3 24
0.68×
0.88×
Q2 24
0.79×
0.79×
Q1 24
0.76×
0.71×

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
ULH
ULH
Operating Cash FlowLast quarter
$45.0M
$47.1M
Free Cash FlowOCF − Capex
$27.9M
$14.3M
FCF MarginFCF / Revenue
7.1%
3.7%
Capex IntensityCapex / Revenue
4.4%
8.5%
Cash ConversionOCF / Net Profit
12.62×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$-41.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
ULH
ULH
Q4 25
$45.0M
$47.1M
Q3 25
$42.3M
$25.9M
Q2 25
$-32.5M
$25.7M
Q1 25
$-20.8M
$84.3M
Q4 24
$27.0M
$59.7M
Q3 24
$3.3M
$6.2M
Q2 24
$33.2M
$9.6M
Q1 24
$-17.7M
$36.9M
Free Cash Flow
DNUT
DNUT
ULH
ULH
Q4 25
$27.9M
$14.3M
Q3 25
$15.5M
$-28.6M
Q2 25
$-60.8M
$-58.5M
Q1 25
$-46.7M
$31.7M
Q4 24
$-6.9M
$18.9M
Q3 24
$-22.9M
$-58.9M
Q2 24
$1.6M
$-67.6M
Q1 24
$-46.8M
$-31.7M
FCF Margin
DNUT
DNUT
ULH
ULH
Q4 25
7.1%
3.7%
Q3 25
4.1%
-7.2%
Q2 25
-16.0%
-14.9%
Q1 25
-12.5%
8.3%
Q4 24
-1.7%
4.1%
Q3 24
-6.0%
-13.8%
Q2 24
0.4%
-14.6%
Q1 24
-10.6%
-6.4%
Capex Intensity
DNUT
DNUT
ULH
ULH
Q4 25
4.4%
8.5%
Q3 25
7.1%
13.7%
Q2 25
7.4%
21.4%
Q1 25
6.9%
13.7%
Q4 24
8.4%
8.8%
Q3 24
6.9%
15.3%
Q2 24
7.2%
16.7%
Q1 24
6.6%
13.9%
Cash Conversion
DNUT
DNUT
ULH
ULH
Q4 25
12.62×
Q3 25
Q2 25
3.09×
Q1 25
14.02×
Q4 24
2.96×
Q3 24
0.08×
0.23×
Q2 24
0.31×
Q1 24
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

ULH
ULH

Value Added Services$183.7M48%
Dedicated Services$84.9M22%
Intermodal$52.7M14%
Truckload Services$48.8M13%
Brokerage Services$16.1M4%

Related Comparisons