vs
Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $392.4M, roughly 1.4× Krispy Kreme, Inc.). Krispy Kreme, Inc. runs the higher net margin — -7.1% vs -33.1%, a 26.0% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $27.9M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% 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...
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
DNUT vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $566.0M |
| Net Profit | $-27.8M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | -1.9% | -32.5% |
| Net Margin | -7.1% | -33.1% |
| Revenue YoY | -2.9% | -6.1% |
| Net Profit YoY | -23.8% | -310.0% |
| EPS (diluted) | $-0.18 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $375.3M | $566.8M | ||
| Q2 25 | $379.8M | $589.1M | ||
| Q1 25 | $375.2M | $559.6M | ||
| Q4 24 | $404.0M | $602.5M | ||
| Q3 24 | $379.9M | $601.4M | ||
| Q2 24 | $438.8M | $604.6M | ||
| Q1 24 | $442.7M | $587.2M |
| Q4 25 | $-27.8M | $-187.3M | ||
| Q3 25 | $-19.4M | $43.3M | ||
| Q2 25 | $-435.3M | $47.9M | ||
| Q1 25 | $-33.3M | $43.1M | ||
| Q4 24 | $-22.4M | $89.2M | ||
| Q3 24 | $39.6M | $-70.5M | ||
| Q2 24 | $-5.5M | $-46.9M | ||
| Q1 24 | $-8.5M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | -1.9% | -32.5% | ||
| Q3 25 | -1.9% | 21.0% | ||
| Q2 25 | -114.4% | 21.5% | ||
| Q1 25 | -5.4% | 21.3% | ||
| Q4 24 | -2.8% | 28.9% | ||
| Q3 24 | -4.2% | -5.9% | ||
| Q2 24 | 1.6% | -0.9% | ||
| Q1 24 | 2.7% | 22.1% |
| Q4 25 | -7.1% | -33.1% | ||
| Q3 25 | -5.2% | 7.6% | ||
| Q2 25 | -114.6% | 8.1% | ||
| Q1 25 | -8.9% | 7.7% | ||
| Q4 24 | -5.6% | 14.8% | ||
| Q3 24 | 10.4% | -11.7% | ||
| Q2 24 | -1.3% | -7.7% | ||
| Q1 24 | -1.9% | 9.6% |
| Q4 25 | $-0.18 | $-1.02 | ||
| Q3 25 | $-0.11 | $0.24 | ||
| Q2 25 | $-2.55 | $0.26 | ||
| Q1 25 | $-0.20 | $0.23 | ||
| Q4 24 | $-0.13 | $0.48 | ||
| Q3 24 | $0.23 | $-0.37 | ||
| Q2 24 | $-0.03 | $-0.25 | ||
| Q1 24 | $-0.05 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $911.9M | $3.6B |
| Stockholders' EquityBook value | $650.1M | $856.3M |
| Total Assets | $2.6B | $5.8B |
| Debt / EquityLower = less leverage | 1.40× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $14.6M | ||
| Q3 25 | $30.7M | $14.8M | ||
| Q2 25 | $21.3M | $12.8M | ||
| Q1 25 | $18.7M | $10.7M | ||
| Q4 24 | $29.0M | $9.0M | ||
| Q3 24 | $25.4M | $11.0M | ||
| Q2 24 | $28.6M | $5.9M | ||
| Q1 24 | $33.1M | $13.1M |
| Q4 25 | $911.9M | $3.6B | ||
| Q3 25 | $906.2M | $3.6B | ||
| Q2 25 | $889.4M | $3.7B | ||
| Q1 25 | $935.0M | $3.6B | ||
| Q4 24 | $844.5M | $3.7B | ||
| Q3 24 | $804.6M | $3.6B | ||
| Q2 24 | $895.0M | $3.5B | ||
| Q1 24 | $881.8M | $3.5B |
| Q4 25 | $650.1M | $856.3M | ||
| Q3 25 | $670.3M | $1.1B | ||
| Q2 25 | $693.6M | $1.0B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $2.6B | $5.8B | ||
| Q3 25 | $2.6B | $6.1B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $3.1B | $6.0B | ||
| Q4 24 | $3.1B | $6.0B | ||
| Q3 24 | $3.1B | $6.0B | ||
| Q2 24 | $3.2B | $6.0B | ||
| Q1 24 | $3.2B | $6.2B |
| Q4 25 | 1.40× | 4.15× | ||
| Q3 25 | 1.35× | 3.39× | ||
| Q2 25 | 1.28× | 3.55× | ||
| Q1 25 | 0.85× | 3.56× | ||
| Q4 24 | 0.74× | 3.62× | ||
| Q3 24 | 0.68× | 3.42× | ||
| Q2 24 | 0.79× | 2.88× | ||
| Q1 24 | 0.76× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $27.9M | $149.7M |
| FCF MarginFCF / Revenue | 7.1% | 26.5% |
| Capex IntensityCapex / Revenue | 4.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $158.9M | ||
| Q3 25 | $42.3M | $191.2M | ||
| Q2 25 | $-32.5M | $205.3M | ||
| Q1 25 | $-20.8M | $206.6M | ||
| Q4 24 | $27.0M | $178.9M | ||
| Q3 24 | $3.3M | $-1.6M | ||
| Q2 24 | $33.2M | $175.6M | ||
| Q1 24 | $-17.7M | $208.7M |
| Q4 25 | $27.9M | $149.7M | ||
| Q3 25 | $15.5M | $186.9M | ||
| Q2 25 | $-60.8M | $199.0M | ||
| Q1 25 | $-46.7M | $202.0M | ||
| Q4 24 | $-6.9M | $176.6M | ||
| Q3 24 | $-22.9M | $-4.9M | ||
| Q2 24 | $1.6M | $169.4M | ||
| Q1 24 | $-46.8M | $202.1M |
| Q4 25 | 7.1% | 26.5% | ||
| Q3 25 | 4.1% | 33.0% | ||
| Q2 25 | -16.0% | 33.8% | ||
| Q1 25 | -12.5% | 36.1% | ||
| Q4 24 | -1.7% | 29.3% | ||
| Q3 24 | -6.0% | -0.8% | ||
| Q2 24 | 0.4% | 28.0% | ||
| Q1 24 | -10.6% | 34.4% |
| Q4 25 | 4.4% | 1.6% | ||
| Q3 25 | 7.1% | 0.7% | ||
| Q2 25 | 7.4% | 1.1% | ||
| Q1 25 | 6.9% | 0.8% | ||
| Q4 24 | 8.4% | 0.4% | ||
| Q3 24 | 6.9% | 0.6% | ||
| Q2 24 | 7.2% | 1.0% | ||
| Q1 24 | 6.6% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
