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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
NCR Voyix Corp is the larger business by last-quarter revenue ($720.0M vs $392.4M, roughly 1.8× Krispy Kreme, Inc.). NCR Voyix Corp runs the higher net margin — 13.6% vs -7.1%, a 20.7% gap on every dollar of revenue. On growth, NCR Voyix Corp posted the faster year-over-year revenue change (6.2% vs -2.9%). Over the past eight quarters, NCR Voyix Corp's revenue compounded faster (0.7% 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...
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
DNUT vs VYX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $720.0M |
| Net Profit | $-27.8M | $98.0M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 2.4% |
| Net Margin | -7.1% | 13.6% |
| Revenue YoY | -2.9% | 6.2% |
| Net Profit YoY | -23.8% | 990.9% |
| EPS (diluted) | $-0.18 | $0.64 |
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 | $720.0M | ||
| Q3 25 | $375.3M | $684.0M | ||
| Q2 25 | $379.8M | $666.0M | ||
| Q1 25 | $375.2M | $617.0M | ||
| Q4 24 | $404.0M | $678.0M | ||
| Q3 24 | $379.9M | $708.0M | ||
| Q2 24 | $438.8M | $722.0M | ||
| Q1 24 | $442.7M | $710.0M |
| Q4 25 | $-27.8M | $98.0M | ||
| Q3 25 | $-19.4M | $-19.0M | ||
| Q2 25 | $-435.3M | $0 | ||
| Q1 25 | $-33.3M | $-17.0M | ||
| Q4 24 | $-22.4M | $-11.0M | ||
| Q3 24 | $39.6M | $1.1B | ||
| Q2 24 | $-5.5M | $-73.0M | ||
| Q1 24 | $-8.5M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 17.5% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | -1.9% | 2.4% | ||
| Q3 25 | -1.9% | 2.2% | ||
| Q2 25 | -114.4% | 2.1% | ||
| Q1 25 | -5.4% | -3.2% | ||
| Q4 24 | -2.8% | -0.1% | ||
| Q3 24 | -4.2% | 2.3% | ||
| Q2 24 | 1.6% | -4.7% | ||
| Q1 24 | 2.7% | -2.7% |
| Q4 25 | -7.1% | 13.6% | ||
| Q3 25 | -5.2% | -2.8% | ||
| Q2 25 | -114.6% | — | ||
| Q1 25 | -8.9% | -2.8% | ||
| Q4 24 | -5.6% | -1.6% | ||
| Q3 24 | 10.4% | 152.8% | ||
| Q2 24 | -1.3% | -10.1% | ||
| Q1 24 | -1.9% | -5.6% |
| Q4 25 | $-0.18 | $0.64 | ||
| Q3 25 | $-0.11 | $-0.16 | ||
| Q2 25 | $-2.55 | $-0.03 | ||
| Q1 25 | $-0.20 | $-0.15 | ||
| Q4 24 | $-0.13 | $-0.05 | ||
| Q3 24 | $0.23 | $7.41 | ||
| Q2 24 | $-0.03 | $-0.53 | ||
| Q1 24 | $-0.05 | $-0.31 |
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 | $231.0M |
| Total DebtLower is stronger | $911.9M | $1.1B |
| Stockholders' EquityBook value | $650.1M | $948.0M |
| Total Assets | $2.6B | $3.9B |
| Debt / EquityLower = less leverage | 1.40× | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $231.0M | ||
| Q3 25 | $30.7M | $282.0M | ||
| Q2 25 | $21.3M | $276.0M | ||
| Q1 25 | $18.7M | $573.0M | ||
| Q4 24 | $29.0M | $722.0M | ||
| Q3 24 | $25.4M | $792.0M | ||
| Q2 24 | $28.6M | $203.0M | ||
| Q1 24 | $33.1M | $241.0M |
| Q4 25 | $911.9M | $1.1B | ||
| Q3 25 | $906.2M | — | ||
| Q2 25 | $889.4M | — | ||
| Q1 25 | $935.0M | — | ||
| Q4 24 | $844.5M | $1.1B | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $895.0M | — | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $948.0M | ||
| Q3 25 | $670.3M | $848.0M | ||
| Q2 25 | $693.6M | $867.0M | ||
| Q1 25 | $1.1B | $857.0M | ||
| Q4 24 | $1.1B | $933.0M | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.1B | $-85.0M | ||
| Q1 24 | $1.2B | $-34.0M |
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.6B | $4.0B | ||
| Q2 25 | $2.6B | $4.0B | ||
| Q1 25 | $3.1B | $4.3B | ||
| Q4 24 | $3.1B | $4.5B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $3.2B | $4.8B | ||
| Q1 24 | $3.2B | $5.0B |
| Q4 25 | 1.40× | 1.17× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.74× | 1.18× | ||
| 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 | $60.0M |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $60.0M | ||
| Q3 25 | $42.3M | $14.0M | ||
| Q2 25 | $-32.5M | $-242.0M | ||
| Q1 25 | $-20.8M | $-42.0M | ||
| Q4 24 | $27.0M | $-170.0M | ||
| Q3 24 | $3.3M | $11.0M | ||
| Q2 24 | $33.2M | $62.0M | ||
| Q1 24 | $-17.7M | $-35.0M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $15.5M | $10.0M | ||
| Q2 25 | $-60.8M | $-249.0M | ||
| Q1 25 | $-46.7M | $-50.0M | ||
| Q4 24 | $-6.9M | $-177.0M | ||
| Q3 24 | $-22.9M | $9.0M | ||
| Q2 24 | $1.6M | $49.0M | ||
| Q1 24 | $-46.8M | $-43.0M |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 4.1% | 1.5% | ||
| Q2 25 | -16.0% | -37.4% | ||
| Q1 25 | -12.5% | -8.1% | ||
| Q4 24 | -1.7% | -26.1% | ||
| Q3 24 | -6.0% | 1.3% | ||
| Q2 24 | 0.4% | 6.8% | ||
| Q1 24 | -10.6% | -6.1% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 7.1% | 0.6% | ||
| Q2 25 | 7.4% | 1.1% | ||
| Q1 25 | 6.9% | 1.3% | ||
| Q4 24 | 8.4% | 1.0% | ||
| Q3 24 | 6.9% | 0.3% | ||
| Q2 24 | 7.2% | 1.8% | ||
| Q1 24 | 6.6% | 1.1% |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.08× | 0.01× | ||
| 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.
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
