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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $249.0M, roughly 1.6× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs -7.1%, a 18.3% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -15.3%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-88.0M). Over the past eight quarters, XPLR Infrastructure, LP's revenue compounded faster (-1.6% 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...

XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.

DNUT vs XIFR — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.6× larger
DNUT
$392.4M
$249.0M
XIFR
Growing faster (revenue YoY)
DNUT
DNUT
+12.4% gap
DNUT
-2.9%
-15.3%
XIFR
Higher net margin
XIFR
XIFR
18.3% more per $
XIFR
11.2%
-7.1%
DNUT
More free cash flow
DNUT
DNUT
$115.9M more FCF
DNUT
$27.9M
$-88.0M
XIFR
Faster 2-yr revenue CAGR
XIFR
XIFR
Annualised
XIFR
-1.6%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
XIFR
XIFR
Revenue
$392.4M
$249.0M
Net Profit
$-27.8M
$28.0M
Gross Margin
Operating Margin
-1.9%
-19.3%
Net Margin
-7.1%
11.2%
Revenue YoY
-2.9%
-15.3%
Net Profit YoY
-23.8%
124.3%
EPS (diluted)
$-0.18

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.

Revenue
DNUT
DNUT
XIFR
XIFR
Q4 25
$392.4M
$249.0M
Q3 25
$375.3M
$315.0M
Q2 25
$379.8M
$342.0M
Q1 25
$375.2M
$282.0M
Q4 24
$404.0M
$294.0M
Q3 24
$379.9M
$319.0M
Q2 24
$438.8M
$360.0M
Q1 24
$442.7M
$257.0M
Net Profit
DNUT
DNUT
XIFR
XIFR
Q4 25
$-27.8M
$28.0M
Q3 25
$-19.4M
$-37.0M
Q2 25
$-435.3M
$79.0M
Q1 25
$-33.3M
$-98.0M
Q4 24
$-22.4M
$-115.0M
Q3 24
$39.6M
$-40.0M
Q2 24
$-5.5M
$62.0M
Q1 24
$-8.5M
$70.0M
Operating Margin
DNUT
DNUT
XIFR
XIFR
Q4 25
-1.9%
-19.3%
Q3 25
-1.9%
1.6%
Q2 25
-114.4%
26.3%
Q1 25
-5.4%
-82.6%
Q4 24
-2.8%
-188.1%
Q3 24
-4.2%
15.4%
Q2 24
1.6%
18.3%
Q1 24
2.7%
-8.2%
Net Margin
DNUT
DNUT
XIFR
XIFR
Q4 25
-7.1%
11.2%
Q3 25
-5.2%
-11.7%
Q2 25
-114.6%
23.1%
Q1 25
-8.9%
-34.8%
Q4 24
-5.6%
-39.1%
Q3 24
10.4%
-12.5%
Q2 24
-1.3%
17.2%
Q1 24
-1.9%
27.2%
EPS (diluted)
DNUT
DNUT
XIFR
XIFR
Q4 25
$-0.18
Q3 25
$-0.11
$-0.40
Q2 25
$-2.55
$0.84
Q1 25
$-0.20
$-1.05
Q4 24
$-0.13
Q3 24
$0.23
$-0.43
Q2 24
$-0.03
$0.66
Q1 24
$-0.05
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DNUT
DNUT
XIFR
XIFR
Cash + ST InvestmentsLiquidity on hand
$42.4M
$960.0M
Total DebtLower is stronger
$911.9M
$6.2B
Stockholders' EquityBook value
$650.1M
$10.9B
Total Assets
$2.6B
$19.6B
Debt / EquityLower = less leverage
1.40×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
XIFR
XIFR
Q4 25
$42.4M
$960.0M
Q3 25
$30.7M
$711.0M
Q2 25
$21.3M
$880.0M
Q1 25
$18.7M
$1.5B
Q4 24
$29.0M
$283.0M
Q3 24
$25.4M
$290.0M
Q2 24
$28.6M
$281.0M
Q1 24
$33.1M
$245.0M
Total Debt
DNUT
DNUT
XIFR
XIFR
Q4 25
$911.9M
$6.2B
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
$5.3B
Q3 24
$804.6M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
XIFR
XIFR
Q4 25
$650.1M
$10.9B
Q3 25
$670.3M
$11.0B
Q2 25
$693.6M
$11.3B
Q1 25
$1.1B
$12.6B
Q4 24
$1.1B
$12.9B
Q3 24
$1.2B
$13.6B
Q2 24
$1.1B
$13.9B
Q1 24
$1.2B
$14.0B
Total Assets
DNUT
DNUT
XIFR
XIFR
Q4 25
$2.6B
$19.6B
Q3 25
$2.6B
$19.1B
Q2 25
$2.6B
$20.5B
Q1 25
$3.1B
$21.4B
Q4 24
$3.1B
$20.3B
Q3 24
$3.1B
$20.9B
Q2 24
$3.2B
$21.7B
Q1 24
$3.2B
$22.3B
Debt / Equity
DNUT
DNUT
XIFR
XIFR
Q4 25
1.40×
0.57×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
0.41×
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
DNUT
DNUT
XIFR
XIFR
Operating Cash FlowLast quarter
$45.0M
$186.0M
Free Cash FlowOCF − Capex
$27.9M
$-88.0M
FCF MarginFCF / Revenue
7.1%
-35.3%
Capex IntensityCapex / Revenue
4.4%
110.0%
Cash ConversionOCF / Net Profit
6.64×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$-219.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
XIFR
XIFR
Q4 25
$45.0M
$186.0M
Q3 25
$42.3M
$231.0M
Q2 25
$-32.5M
$232.0M
Q1 25
$-20.8M
$90.0M
Q4 24
$27.0M
$283.0M
Q3 24
$3.3M
$208.0M
Q2 24
$33.2M
$231.0M
Q1 24
$-17.7M
$78.0M
Free Cash Flow
DNUT
DNUT
XIFR
XIFR
Q4 25
$27.9M
$-88.0M
Q3 25
$15.5M
$-283.0M
Q2 25
$-60.8M
$151.0M
Q1 25
$-46.7M
$1.0M
Q4 24
$-6.9M
$231.0M
Q3 24
$-22.9M
$152.0M
Q2 24
$1.6M
$162.0M
Q1 24
$-46.8M
$14.0M
FCF Margin
DNUT
DNUT
XIFR
XIFR
Q4 25
7.1%
-35.3%
Q3 25
4.1%
-89.8%
Q2 25
-16.0%
44.2%
Q1 25
-12.5%
0.4%
Q4 24
-1.7%
78.6%
Q3 24
-6.0%
47.6%
Q2 24
0.4%
45.0%
Q1 24
-10.6%
5.4%
Capex Intensity
DNUT
DNUT
XIFR
XIFR
Q4 25
4.4%
110.0%
Q3 25
7.1%
163.2%
Q2 25
7.4%
23.7%
Q1 25
6.9%
31.6%
Q4 24
8.4%
17.7%
Q3 24
6.9%
17.6%
Q2 24
7.2%
19.2%
Q1 24
6.6%
24.9%
Cash Conversion
DNUT
DNUT
XIFR
XIFR
Q4 25
6.64×
Q3 25
Q2 25
2.94×
Q1 25
Q4 24
Q3 24
0.08×
Q2 24
3.73×
Q1 24
1.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

XIFR
XIFR

Renewable Energy Sales$238.0M96%
Related Party$8.0M3%

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