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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $334.0M, roughly 1.2× WYNDHAM HOTELS & RESORTS, INC.). Krispy Kreme, Inc. runs the higher net margin — -7.1% vs -18.0%, a 10.9% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $27.9M). Over the past eight quarters, WYNDHAM HOTELS & RESORTS, INC.'s revenue compounded faster (-4.6% 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...
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
DNUT vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $334.0M |
| Net Profit | $-27.8M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | — |
| Net Margin | -7.1% | -18.0% |
| Revenue YoY | -2.9% | -76.3% |
| Net Profit YoY | -23.8% | -170.6% |
| EPS (diluted) | $-0.18 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $392.4M | $334.0M | ||
| Q3 25 | $375.3M | $382.0M | ||
| Q2 25 | $379.8M | $397.0M | ||
| Q1 25 | $375.2M | $316.0M | ||
| Q4 24 | $404.0M | $336.0M | ||
| Q3 24 | $379.9M | $396.0M | ||
| Q2 24 | $438.8M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-27.8M | $-60.0M | ||
| Q3 25 | $-19.4M | $105.0M | ||
| Q2 25 | $-435.3M | $87.0M | ||
| Q1 25 | $-33.3M | $61.0M | ||
| Q4 24 | $-22.4M | $85.0M | ||
| Q3 24 | $39.6M | $102.0M | ||
| Q2 24 | $-5.5M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.9% | -11.4% | ||
| Q3 25 | -1.9% | 46.6% | ||
| Q2 25 | -114.4% | 37.8% | ||
| Q1 25 | -5.4% | 35.4% | ||
| Q4 24 | -2.8% | 38.4% | ||
| Q3 24 | -4.2% | 43.2% | ||
| Q2 24 | 1.6% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -7.1% | -18.0% | ||
| Q3 25 | -5.2% | 27.5% | ||
| Q2 25 | -114.6% | 21.9% | ||
| Q1 25 | -8.9% | 19.3% | ||
| Q4 24 | -5.6% | 25.3% | ||
| Q3 24 | 10.4% | 25.8% | ||
| Q2 24 | -1.3% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-0.18 | $-0.77 | ||
| Q3 25 | $-0.11 | $1.36 | ||
| Q2 25 | $-2.55 | $1.13 | ||
| Q1 25 | $-0.20 | $0.78 | ||
| Q4 24 | $-0.13 | $1.06 | ||
| Q3 24 | $0.23 | $1.29 | ||
| Q2 24 | $-0.03 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $468.0M |
| Total Assets | $2.6B | $4.2B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $42.4M | $64.0M | ||
| Q3 25 | $30.7M | $70.0M | ||
| Q2 25 | $21.3M | $50.0M | ||
| Q1 25 | $18.7M | $48.0M | ||
| Q4 24 | $29.0M | $103.0M | ||
| Q3 24 | $25.4M | $72.0M | ||
| Q2 24 | $28.6M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $911.9M | $2.5B | ||
| Q3 25 | $906.2M | $2.6B | ||
| Q2 25 | $889.4M | $2.5B | ||
| Q1 25 | $935.0M | $2.5B | ||
| Q4 24 | $844.5M | $2.4B | ||
| Q3 24 | $804.6M | $2.4B | ||
| Q2 24 | $895.0M | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $650.1M | $468.0M | ||
| Q3 25 | $670.3M | $583.0M | ||
| Q2 25 | $693.6M | $570.0M | ||
| Q1 25 | $1.1B | $579.0M | ||
| Q4 24 | $1.1B | $650.0M | ||
| Q3 24 | $1.2B | $583.0M | ||
| Q2 24 | $1.1B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.6B | $4.2B | ||
| Q3 25 | $2.6B | $4.3B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $3.1B | $4.2B | ||
| Q4 24 | $3.1B | $4.2B | ||
| Q3 24 | $3.1B | $4.2B | ||
| Q2 24 | $3.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 5.37× | ||
| Q3 25 | 1.35× | 4.43× | ||
| Q2 25 | 1.28× | 4.44× | ||
| Q1 25 | 0.85× | 4.29× | ||
| Q4 24 | 0.74× | 3.72× | ||
| Q3 24 | 0.68× | 4.19× | ||
| Q2 24 | 0.79× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $27.9M | $168.0M |
| FCF MarginFCF / Revenue | 7.1% | 50.3% |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $45.0M | $152.0M | ||
| Q3 25 | $42.3M | $86.0M | ||
| Q2 25 | $-32.5M | $70.0M | ||
| Q1 25 | $-20.8M | $59.0M | ||
| Q4 24 | $27.0M | $134.0M | ||
| Q3 24 | $3.3M | $79.0M | ||
| Q2 24 | $33.2M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $27.9M | $136.0M | ||
| Q3 25 | $15.5M | $75.0M | ||
| Q2 25 | $-60.8M | $58.0M | ||
| Q1 25 | $-46.7M | $52.0M | ||
| Q4 24 | $-6.9M | $109.0M | ||
| Q3 24 | $-22.9M | $71.0M | ||
| Q2 24 | $1.6M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 7.1% | 40.7% | ||
| Q3 25 | 4.1% | 19.6% | ||
| Q2 25 | -16.0% | 14.6% | ||
| Q1 25 | -12.5% | 16.5% | ||
| Q4 24 | -1.7% | 32.4% | ||
| Q3 24 | -6.0% | 17.9% | ||
| Q2 24 | 0.4% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 4.8% | ||
| Q3 25 | 7.1% | 2.9% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | 6.9% | 2.2% | ||
| Q4 24 | 8.4% | 7.4% | ||
| Q3 24 | 6.9% | 2.0% | ||
| Q2 24 | 7.2% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 0.08× | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
