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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $392.4M, roughly 1.7× Krispy Kreme, Inc.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -7.1%, a 7.5% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs -2.9%). ZILLOW GROUP, INC. produced more free cash flow last quarter ($44.0M vs $27.9M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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...
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
DNUT vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $654.0M |
| Net Profit | $-27.8M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | -1.9% | -1.7% |
| Net Margin | -7.1% | 0.5% |
| Revenue YoY | -2.9% | 18.1% |
| Net Profit YoY | -23.8% | 105.8% |
| EPS (diluted) | $-0.18 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $375.3M | $676.0M | ||
| Q2 25 | $379.8M | $655.0M | ||
| Q1 25 | $375.2M | $598.0M | ||
| Q4 24 | $404.0M | $554.0M | ||
| Q3 24 | $379.9M | $581.0M | ||
| Q2 24 | $438.8M | $572.0M | ||
| Q1 24 | $442.7M | $529.0M |
| Q4 25 | $-27.8M | $3.0M | ||
| Q3 25 | $-19.4M | $10.0M | ||
| Q2 25 | $-435.3M | $2.0M | ||
| Q1 25 | $-33.3M | $8.0M | ||
| Q4 24 | $-22.4M | $-52.0M | ||
| Q3 24 | $39.6M | $-20.0M | ||
| Q2 24 | $-5.5M | $-17.0M | ||
| Q1 24 | $-8.5M | $-23.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% | ||
| Q1 24 | — | 76.7% |
| Q4 25 | -1.9% | -1.7% | ||
| Q3 25 | -1.9% | -0.4% | ||
| Q2 25 | -114.4% | -1.7% | ||
| Q1 25 | -5.4% | -1.5% | ||
| Q4 24 | -2.8% | -12.5% | ||
| Q3 24 | -4.2% | -7.7% | ||
| Q2 24 | 1.6% | -6.6% | ||
| Q1 24 | 2.7% | -8.5% |
| Q4 25 | -7.1% | 0.5% | ||
| Q3 25 | -5.2% | 1.5% | ||
| Q2 25 | -114.6% | 0.3% | ||
| Q1 25 | -8.9% | 1.3% | ||
| Q4 24 | -5.6% | -9.4% | ||
| Q3 24 | 10.4% | -3.4% | ||
| Q2 24 | -1.3% | -3.0% | ||
| Q1 24 | -1.9% | -4.3% |
| Q4 25 | $-0.18 | $0.01 | ||
| Q3 25 | $-0.11 | $0.04 | ||
| Q2 25 | $-2.55 | $0.01 | ||
| Q1 25 | $-0.20 | $0.03 | ||
| Q4 24 | $-0.13 | $-0.23 | ||
| Q3 24 | $0.23 | $-0.08 | ||
| Q2 24 | $-0.03 | $-0.07 | ||
| Q1 24 | $-0.05 | $-0.10 |
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 | $768.0M |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $4.9B |
| Total Assets | $2.6B | $5.7B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $768.0M | ||
| Q3 25 | $30.7M | $874.0M | ||
| Q2 25 | $21.3M | $587.0M | ||
| Q1 25 | $18.7M | $914.0M | ||
| Q4 24 | $29.0M | $1.1B | ||
| Q3 24 | $25.4M | $1.1B | ||
| Q2 24 | $28.6M | $1.2B | ||
| Q1 24 | $33.1M | $1.4B |
| Q4 25 | $911.9M | — | ||
| Q3 25 | $906.2M | — | ||
| Q2 25 | $889.4M | — | ||
| Q1 25 | $935.0M | — | ||
| Q4 24 | $844.5M | — | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $895.0M | — | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $4.9B | ||
| Q3 25 | $670.3M | $5.0B | ||
| Q2 25 | $693.6M | $4.7B | ||
| Q1 25 | $1.1B | $4.8B | ||
| Q4 24 | $1.1B | $4.8B | ||
| Q3 24 | $1.2B | $4.7B | ||
| Q2 24 | $1.1B | $4.5B | ||
| Q1 24 | $1.2B | $4.7B |
| Q4 25 | $2.6B | $5.7B | ||
| Q3 25 | $2.6B | $5.7B | ||
| Q2 25 | $2.6B | $5.4B | ||
| Q1 25 | $3.1B | $5.7B | ||
| Q4 24 | $3.1B | $5.8B | ||
| Q3 24 | $3.1B | $6.2B | ||
| Q2 24 | $3.2B | $6.6B | ||
| Q1 24 | $3.2B | $6.8B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.74× | — | ||
| 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 | $72.0M |
| Free Cash FlowOCF − Capex | $27.9M | $44.0M |
| FCF MarginFCF / Revenue | 7.1% | 6.7% |
| Capex IntensityCapex / Revenue | 4.4% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $72.0M | ||
| Q3 25 | $42.3M | $105.0M | ||
| Q2 25 | $-32.5M | $87.0M | ||
| Q1 25 | $-20.8M | $104.0M | ||
| Q4 24 | $27.0M | $122.0M | ||
| Q3 24 | $3.3M | $171.0M | ||
| Q2 24 | $33.2M | $55.0M | ||
| Q1 24 | $-17.7M | $80.0M |
| Q4 25 | $27.9M | $44.0M | ||
| Q3 25 | $15.5M | $73.0M | ||
| Q2 25 | $-60.8M | $50.0M | ||
| Q1 25 | $-46.7M | $68.0M | ||
| Q4 24 | $-6.9M | $88.0M | ||
| Q3 24 | $-22.9M | $138.0M | ||
| Q2 24 | $1.6M | $18.0M | ||
| Q1 24 | $-46.8M | $41.0M |
| Q4 25 | 7.1% | 6.7% | ||
| Q3 25 | 4.1% | 10.8% | ||
| Q2 25 | -16.0% | 7.6% | ||
| Q1 25 | -12.5% | 11.4% | ||
| Q4 24 | -1.7% | 15.9% | ||
| Q3 24 | -6.0% | 23.8% | ||
| Q2 24 | 0.4% | 3.1% | ||
| Q1 24 | -10.6% | 7.8% |
| Q4 25 | 4.4% | 4.3% | ||
| Q3 25 | 7.1% | 4.7% | ||
| Q2 25 | 7.4% | 5.6% | ||
| Q1 25 | 6.9% | 6.0% | ||
| Q4 24 | 8.4% | 6.1% | ||
| Q3 24 | 6.9% | 5.7% | ||
| Q2 24 | 7.2% | 6.5% | ||
| Q1 24 | 6.6% | 7.4% |
| Q4 25 | — | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.08× | — | ||
| 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.
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
