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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
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
Segment breakdown not available.
ULH
| Value Added Services | $183.7M | 48% |
| Dedicated Services | $84.9M | 22% |
| Intermodal | $52.7M | 14% |
| Truckload Services | $48.8M | 13% |
| Brokerage Services | $16.1M | 4% |