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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Xenia Hotels & Resorts, Inc. (XHR). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $295.4M, roughly 1.3× Xenia Hotels & Resorts, Inc.). Xenia Hotels & Resorts, Inc. runs the higher net margin — 6.7% vs -7.1%, a 13.8% gap on every dollar of revenue. On growth, Xenia Hotels & Resorts, Inc. posted the faster year-over-year revenue change (2.2% vs -2.9%). Over the past eight quarters, Xenia Hotels & Resorts, Inc.'s revenue compounded faster (4.0% 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...
Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.
DNUT vs XHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $295.4M |
| Net Profit | $-27.8M | $19.8M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 14.1% |
| Net Margin | -7.1% | 6.7% |
| Revenue YoY | -2.9% | 2.2% |
| Net Profit YoY | -23.8% | 26.9% |
| EPS (diluted) | $-0.18 | $0.21 |
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 | — | $295.4M | ||
| Q4 25 | $392.4M | $265.6M | ||
| Q3 25 | $375.3M | $236.4M | ||
| Q2 25 | $379.8M | $287.6M | ||
| Q1 25 | $375.2M | $288.9M | ||
| Q4 24 | $404.0M | $261.8M | ||
| Q3 24 | $379.9M | $236.8M | ||
| Q2 24 | $438.8M | $272.9M |
| Q1 26 | — | $19.8M | ||
| Q4 25 | $-27.8M | $6.1M | ||
| Q3 25 | $-19.4M | $-13.7M | ||
| Q2 25 | $-435.3M | $55.2M | ||
| Q1 25 | $-33.3M | $15.6M | ||
| Q4 24 | $-22.4M | $-638.0K | ||
| Q3 24 | $39.6M | $-7.1M | ||
| Q2 24 | $-5.5M | $15.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 33.6% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 31.9% |
| Q1 26 | — | 14.1% | ||
| Q4 25 | -1.9% | 10.1% | ||
| Q3 25 | -1.9% | 2.0% | ||
| Q2 25 | -114.4% | 14.0% | ||
| Q1 25 | -5.4% | 12.4% | ||
| Q4 24 | -2.8% | 8.2% | ||
| Q3 24 | -4.2% | 3.2% | ||
| Q2 24 | 1.6% | 11.1% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | -7.1% | 2.3% | ||
| Q3 25 | -5.2% | -5.8% | ||
| Q2 25 | -114.6% | 19.2% | ||
| Q1 25 | -8.9% | 5.4% | ||
| Q4 24 | -5.6% | -0.2% | ||
| Q3 24 | 10.4% | -3.0% | ||
| Q2 24 | -1.3% | 5.6% |
| Q1 26 | — | $0.21 | ||
| Q4 25 | $-0.18 | $0.07 | ||
| Q3 25 | $-0.11 | $-0.14 | ||
| Q2 25 | $-2.55 | $0.56 | ||
| Q1 25 | $-0.20 | $0.15 | ||
| Q4 24 | $-0.13 | $-0.01 | ||
| Q3 24 | $0.23 | $-0.07 | ||
| Q2 24 | $-0.03 | $0.15 |
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 | $101.1M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $1.2B |
| Total Assets | $2.6B | $2.8B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $101.1M | ||
| Q4 25 | $42.4M | $140.4M | ||
| Q3 25 | $30.7M | $188.2M | ||
| Q2 25 | $21.3M | $172.6M | ||
| Q1 25 | $18.7M | $112.6M | ||
| Q4 24 | $29.0M | $78.2M | ||
| Q3 24 | $25.4M | $161.5M | ||
| Q2 24 | $28.6M | $143.6M |
| Q1 26 | — | — | ||
| Q4 25 | $911.9M | $1.4B | ||
| Q3 25 | $906.2M | $1.4B | ||
| Q2 25 | $889.4M | $1.4B | ||
| Q1 25 | $935.0M | $1.4B | ||
| Q4 24 | $844.5M | $1.3B | ||
| Q3 24 | $804.6M | $1.4B | ||
| Q2 24 | $895.0M | $1.4B |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $650.1M | $1.1B | ||
| Q3 25 | $670.3M | $1.2B | ||
| Q2 25 | $693.6M | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.6B | $2.8B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $3.1B | $2.9B | ||
| Q4 24 | $3.1B | $2.8B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $3.2B | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 1.25× | ||
| Q3 25 | 1.35× | 1.21× | ||
| Q2 25 | 1.28× | 1.17× | ||
| Q1 25 | 0.85× | 1.18× | ||
| Q4 24 | 0.74× | 1.07× | ||
| Q3 24 | 0.68× | 1.11× | ||
| Q2 24 | 0.79× | 1.09× |
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% | 23.7% |
| 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 | $21.4M | ||
| Q3 25 | $42.3M | $64.0M | ||
| Q2 25 | $-32.5M | $36.3M | ||
| Q1 25 | $-20.8M | $54.8M | ||
| Q4 24 | $27.0M | $30.6M | ||
| Q3 24 | $3.3M | $51.2M | ||
| Q2 24 | $33.2M | $57.2M |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $5.5M | ||
| Q3 25 | $15.5M | $44.2M | ||
| Q2 25 | $-60.8M | $17.8M | ||
| Q1 25 | $-46.7M | $22.4M | ||
| Q4 24 | $-6.9M | $6.2M | ||
| Q3 24 | $-22.9M | $4.3M | ||
| Q2 24 | $1.6M | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 2.1% | ||
| Q3 25 | 4.1% | 18.7% | ||
| Q2 25 | -16.0% | 6.2% | ||
| Q1 25 | -12.5% | 7.8% | ||
| Q4 24 | -1.7% | 2.4% | ||
| Q3 24 | -6.0% | 1.8% | ||
| Q2 24 | 0.4% | 7.8% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | 4.4% | 6.0% | ||
| Q3 25 | 7.1% | 8.4% | ||
| Q2 25 | 7.4% | 6.4% | ||
| Q1 25 | 6.9% | 11.2% | ||
| Q4 24 | 8.4% | 9.3% | ||
| Q3 24 | 6.9% | 19.8% | ||
| Q2 24 | 7.2% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 3.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | — | 3.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
XHR
| Rooms revenues | $164.4M | 56% |
| Food and beverage revenues | $105.0M | 36% |
| Other revenues | $26.0M | 9% |
