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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $199.5M, roughly 2.0× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -7.1%, a 10.6% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -4.1%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% 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...
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
DNUT vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $199.5M |
| Net Profit | $-27.8M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 7.7% |
| Net Margin | -7.1% | 3.6% |
| Revenue YoY | -2.9% | -4.1% |
| Net Profit YoY | -23.8% | -78.1% |
| EPS (diluted) | $-0.18 | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $392.4M | $208.0M | ||
| Q3 25 | $375.3M | $216.4M | ||
| Q2 25 | $379.8M | $210.5M | ||
| Q1 25 | $375.2M | $217.9M | ||
| Q4 24 | $404.0M | $233.5M | ||
| Q3 24 | $379.9M | $227.0M | ||
| Q2 24 | $438.8M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-27.8M | $33.9M | ||
| Q3 25 | $-19.4M | $31.3M | ||
| Q2 25 | $-435.3M | $42.7M | ||
| Q1 25 | $-33.3M | $28.1M | ||
| Q4 24 | $-22.4M | $39.5M | ||
| Q3 24 | $39.6M | $49.1M | ||
| Q2 24 | $-5.5M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -1.9% | 19.1% | ||
| Q3 25 | -1.9% | 21.7% | ||
| Q2 25 | -114.4% | 21.5% | ||
| Q1 25 | -5.4% | 16.8% | ||
| Q4 24 | -2.8% | 21.7% | ||
| Q3 24 | -4.2% | 24.3% | ||
| Q2 24 | 1.6% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -7.1% | 16.3% | ||
| Q3 25 | -5.2% | 14.5% | ||
| Q2 25 | -114.6% | 20.3% | ||
| Q1 25 | -8.9% | 12.9% | ||
| Q4 24 | -5.6% | 16.9% | ||
| Q3 24 | 10.4% | 21.6% | ||
| Q2 24 | -1.3% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.18 | $5.15 | ||
| Q3 25 | $-0.11 | $4.65 | ||
| Q2 25 | $-2.55 | $6.12 | ||
| Q1 25 | $-0.20 | $4.05 | ||
| Q4 24 | $-0.13 | $4.65 | ||
| Q3 24 | $0.23 | $5.71 | ||
| Q2 24 | $-0.03 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $93.6B |
| Total Assets | $2.6B | — |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $42.4M | — | ||
| Q3 25 | $30.7M | — | ||
| Q2 25 | $21.3M | — | ||
| Q1 25 | $18.7M | — | ||
| Q4 24 | $29.0M | — | ||
| Q3 24 | $25.4M | — | ||
| Q2 24 | $28.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $911.9M | $390.0M | ||
| Q3 25 | $906.2M | $390.6M | ||
| Q2 25 | $889.4M | $231.3M | ||
| Q1 25 | $935.0M | $231.7M | ||
| Q4 24 | $844.5M | $232.1M | ||
| Q3 24 | $804.6M | $237.5M | ||
| Q2 24 | $895.0M | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $650.1M | $934.0M | ||
| Q3 25 | $670.3M | $918.7M | ||
| Q2 25 | $693.6M | $896.4M | ||
| Q1 25 | $1.1B | $893.7M | ||
| Q4 24 | $1.1B | $897.5M | ||
| Q3 24 | $1.2B | $889.0M | ||
| Q2 24 | $1.1B | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.3B | ||
| Q3 25 | $2.6B | $3.9B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $3.1B | $3.7B | ||
| Q4 24 | $3.1B | $4.0B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $3.2B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.42× | ||
| Q3 25 | 1.35× | 0.43× | ||
| Q2 25 | 1.28× | 0.26× | ||
| Q1 25 | 0.85× | 0.26× | ||
| Q4 24 | 0.74× | 0.26× | ||
| Q3 24 | 0.68× | 0.27× | ||
| Q2 24 | 0.79× | 0.29× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $45.0M | $-67.2M | ||
| Q3 25 | $42.3M | $108.3M | ||
| Q2 25 | $-32.5M | $75.8M | ||
| Q1 25 | $-20.8M | $-3.8M | ||
| Q4 24 | $27.0M | $1.8M | ||
| Q3 24 | $3.3M | $69.1M | ||
| Q2 24 | $33.2M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $-74.1M | ||
| Q3 25 | $15.5M | $106.9M | ||
| Q2 25 | $-60.8M | $74.2M | ||
| Q1 25 | $-46.7M | $-6.8M | ||
| Q4 24 | $-6.9M | $-3.8M | ||
| Q3 24 | $-22.9M | $68.7M | ||
| Q2 24 | $1.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | -35.6% | ||
| Q3 25 | 4.1% | 49.4% | ||
| Q2 25 | -16.0% | 35.2% | ||
| Q1 25 | -12.5% | -3.1% | ||
| Q4 24 | -1.7% | -1.6% | ||
| Q3 24 | -6.0% | 30.3% | ||
| Q2 24 | 0.4% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 3.3% | ||
| Q3 25 | 7.1% | 0.7% | ||
| Q2 25 | 7.4% | 0.7% | ||
| Q1 25 | 6.9% | 1.4% | ||
| Q4 24 | 8.4% | 2.4% | ||
| Q3 24 | 6.9% | 0.2% | ||
| Q2 24 | 7.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 0.08× | 1.41× | ||
| Q2 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
