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

VIAVI SOLUTIONS INC. is the larger business by last-quarter revenue ($406.8M vs $392.4M, roughly 1.0× Krispy Kreme, Inc.). VIAVI SOLUTIONS INC. runs the higher net margin — 1.6% vs -7.1%, a 8.7% gap on every dollar of revenue. On growth, VIAVI SOLUTIONS INC. posted the faster year-over-year revenue change (42.8% vs -2.9%). Over the past eight quarters, VIAVI SOLUTIONS INC.'s revenue compounded faster (27.1% 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...

Viavi Solutions Inc., formerly part of JDS Uniphase Corporation (JDSU), is an American network test, measurement and assurance technology company based in Chandler, Arizona. The company manufactures testing and monitoring equipment for networks. It also develops optical technology used for a range of applications including material quality control, currency anti-counterfeiting and 3D motion sensing, including Microsoft's Kinect video game controller.

DNUT vs VIAV — Head-to-Head

Bigger by revenue
VIAV
VIAV
1.0× larger
VIAV
$406.8M
$392.4M
DNUT
Growing faster (revenue YoY)
VIAV
VIAV
+45.7% gap
VIAV
42.8%
-2.9%
DNUT
Higher net margin
VIAV
VIAV
8.7% more per $
VIAV
1.6%
-7.1%
DNUT
Faster 2-yr revenue CAGR
VIAV
VIAV
Annualised
VIAV
27.1%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DNUT
DNUT
VIAV
VIAV
Revenue
$392.4M
$406.8M
Net Profit
$-27.8M
$6.4M
Gross Margin
57.5%
Operating Margin
-1.9%
6.1%
Net Margin
-7.1%
1.6%
Revenue YoY
-2.9%
42.8%
Net Profit YoY
-23.8%
-76.1%
EPS (diluted)
$-0.18
$0.03

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
VIAV
VIAV
Q1 26
$406.8M
Q4 25
$392.4M
$369.3M
Q3 25
$375.3M
$299.1M
Q2 25
$379.8M
$290.5M
Q1 25
$375.2M
$284.8M
Q4 24
$404.0M
$270.8M
Q3 24
$379.9M
$238.2M
Q2 24
$438.8M
$252.0M
Net Profit
DNUT
DNUT
VIAV
VIAV
Q1 26
$6.4M
Q4 25
$-27.8M
$-48.1M
Q3 25
$-19.4M
$-21.4M
Q2 25
$-435.3M
$8.0M
Q1 25
$-33.3M
$19.5M
Q4 24
$-22.4M
$9.1M
Q3 24
$39.6M
$-1.8M
Q2 24
$-5.5M
$-21.7M
Gross Margin
DNUT
DNUT
VIAV
VIAV
Q1 26
57.5%
Q4 25
57.0%
Q3 25
56.5%
Q2 25
56.3%
Q1 25
56.4%
Q4 24
59.4%
Q3 24
57.1%
Q2 24
57.8%
Operating Margin
DNUT
DNUT
VIAV
VIAV
Q1 26
6.1%
Q4 25
-1.9%
3.1%
Q3 25
-1.9%
2.5%
Q2 25
-114.4%
5.3%
Q1 25
-5.4%
3.0%
Q4 24
-2.8%
8.2%
Q3 24
-4.2%
4.8%
Q2 24
1.6%
-2.3%
Net Margin
DNUT
DNUT
VIAV
VIAV
Q1 26
1.6%
Q4 25
-7.1%
-13.0%
Q3 25
-5.2%
-7.2%
Q2 25
-114.6%
2.8%
Q1 25
-8.9%
6.8%
Q4 24
-5.6%
3.4%
Q3 24
10.4%
-0.8%
Q2 24
-1.3%
-8.6%
EPS (diluted)
DNUT
DNUT
VIAV
VIAV
Q1 26
$0.03
Q4 25
$-0.18
$-0.21
Q3 25
$-0.11
$-0.10
Q2 25
$-2.55
$0.03
Q1 25
$-0.20
$0.09
Q4 24
$-0.13
$0.04
Q3 24
$0.23
$-0.01
Q2 24
$-0.03
$-0.10

Balance Sheet & Financial Strength

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

Metric
DNUT
DNUT
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$42.4M
$500.8M
Total DebtLower is stronger
$911.9M
$1.1B
Stockholders' EquityBook value
$650.1M
$846.5M
Total Assets
$2.6B
$2.5B
Debt / EquityLower = less leverage
1.40×
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
VIAV
VIAV
Q1 26
$500.8M
Q4 25
$42.4M
$767.4M
Q3 25
$30.7M
$545.6M
Q2 25
$21.3M
$425.3M
Q1 25
$18.7M
$396.8M
Q4 24
$29.0M
$509.4M
Q3 24
$25.4M
$493.1M
Q2 24
$28.6M
$491.2M
Total Debt
DNUT
DNUT
VIAV
VIAV
Q1 26
$1.1B
Q4 25
$911.9M
$1.2B
Q3 25
$906.2M
$640.5M
Q2 25
$889.4M
$396.3M
Q1 25
$935.0M
$396.1M
Q4 24
$844.5M
$639.3M
Q3 24
$804.6M
$637.6M
Q2 24
$895.0M
$636.0M
Stockholders' Equity
DNUT
DNUT
VIAV
VIAV
Q1 26
$846.5M
Q4 25
$650.1M
$834.3M
Q3 25
$670.3M
$723.9M
Q2 25
$693.6M
$780.2M
Q1 25
$1.1B
$728.8M
Q4 24
$1.1B
$682.8M
Q3 24
$1.2B
$702.1M
Q2 24
$1.1B
$681.6M
Total Assets
DNUT
DNUT
VIAV
VIAV
Q1 26
$2.5B
Q4 25
$2.6B
$2.8B
Q3 25
$2.6B
$2.1B
Q2 25
$2.6B
$2.0B
Q1 25
$3.1B
$1.9B
Q4 24
$3.1B
$1.7B
Q3 24
$3.1B
$1.7B
Q2 24
$3.2B
$1.7B
Debt / Equity
DNUT
DNUT
VIAV
VIAV
Q1 26
1.28×
Q4 25
1.40×
1.46×
Q3 25
1.35×
0.88×
Q2 25
1.28×
0.51×
Q1 25
0.85×
0.54×
Q4 24
0.74×
0.94×
Q3 24
0.68×
0.91×
Q2 24
0.79×
0.93×

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
VIAV
VIAV
Operating Cash FlowLast quarter
$45.0M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
VIAV
VIAV
Q1 26
Q4 25
$45.0M
$42.5M
Q3 25
$42.3M
$31.0M
Q2 25
$-32.5M
$23.8M
Q1 25
$-20.8M
$7.8M
Q4 24
$27.0M
$44.7M
Q3 24
$3.3M
$13.5M
Q2 24
$33.2M
$26.2M
Free Cash Flow
DNUT
DNUT
VIAV
VIAV
Q1 26
Q4 25
$27.9M
$36.9M
Q3 25
$15.5M
$22.5M
Q2 25
$-60.8M
$18.3M
Q1 25
$-46.7M
$1.0M
Q4 24
$-6.9M
$36.5M
Q3 24
$-22.9M
$6.2M
Q2 24
$1.6M
$22.4M
FCF Margin
DNUT
DNUT
VIAV
VIAV
Q1 26
Q4 25
7.1%
10.0%
Q3 25
4.1%
7.5%
Q2 25
-16.0%
6.3%
Q1 25
-12.5%
0.4%
Q4 24
-1.7%
13.5%
Q3 24
-6.0%
2.6%
Q2 24
0.4%
8.9%
Capex Intensity
DNUT
DNUT
VIAV
VIAV
Q1 26
Q4 25
4.4%
1.5%
Q3 25
7.1%
2.8%
Q2 25
7.4%
1.9%
Q1 25
6.9%
2.4%
Q4 24
8.4%
3.0%
Q3 24
6.9%
3.1%
Q2 24
7.2%
1.5%
Cash Conversion
DNUT
DNUT
VIAV
VIAV
Q1 26
Q4 25
Q3 25
Q2 25
2.98×
Q1 25
0.40×
Q4 24
4.91×
Q3 24
0.08×
Q2 24

Financial Flow Comparison

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

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