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Krispy Kreme, Inc.（DNUT）与Liberty Broadband Corp（LBRDA）财务数据对比。点击上方公司名可切换其他公司
Krispy Kreme, Inc.的季度营收约是Liberty Broadband Corp的1.5倍（$392.4M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs -7.1%，领先153.8%），Liberty Broadband Corp同比增速更快（6.1% vs -2.9%），Liberty Broadband Corp自由现金流更多（$37.0M vs $27.9M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs -5.9%）
Krispy Kreme是源自美国的跨国甜甜圈烘焙与咖啡连锁品牌，1937年由弗农·鲁道夫在美国北卡罗来纳州温斯顿-塞勒姆创立。品牌创始时采用鲁道夫从新奥尔良厨师手中购得的酵母甜甜秘方配方开店，历经数十年稳步发展，如今已成为全球知名的甜甜圈休闲餐饮连锁品牌。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
DNUT vs LBRDA — 直观对比
营收规模更大
DNUT
是对方的1.5倍
$261.0M
营收增速更快
LBRDA
高出9.0%
-2.9%
净利率更高
LBRDA
高出153.8%
-7.1%
自由现金流更多
LBRDA
多$9.1M
$27.9M
两年增速更快
LBRDA
近两年复合增速
-5.9%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $392.4M | $261.0M |
| 净利润 | $-27.8M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.9% | 15.7% |
| 净利率 | -7.1% | 146.7% |
| 营收同比 | -2.9% | 6.1% |
| 净利润同比 | -23.8% | 96.4% |
| 每股收益（稀释后） | $-0.18 | $2.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DNUTLBRDA
| Q4 25 | $392.4M | — | ||
| Q3 25 | $375.3M | — | ||
| Q2 25 | $379.8M | $261.0M | ||
| Q1 25 | $375.2M | $266.0M | ||
| Q4 24 | $404.0M | $263.0M | ||
| Q3 24 | $379.9M | $262.0M | ||
| Q2 24 | $438.8M | $246.0M | ||
| Q1 24 | $442.7M | $245.0M |
净利润DNUTLBRDA
| Q4 25 | $-27.8M | — | ||
| Q3 25 | $-19.4M | — | ||
| Q2 25 | $-435.3M | $383.0M | ||
| Q1 25 | $-33.3M | $268.0M | ||
| Q4 24 | $-22.4M | $291.0M | ||
| Q3 24 | $39.6M | $142.0M | ||
| Q2 24 | $-5.5M | $195.0M | ||
| Q1 24 | $-8.5M | $241.0M |
营业利润率DNUTLBRDA
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.9% | — | ||
| Q2 25 | -114.4% | 15.7% | ||
| Q1 25 | -5.4% | 16.2% | ||
| Q4 24 | -2.8% | 4.9% | ||
| Q3 24 | -4.2% | 11.5% | ||
| Q2 24 | 1.6% | 8.5% | ||
| Q1 24 | 2.7% | 11.4% |
净利率DNUTLBRDA
| Q4 25 | -7.1% | — | ||
| Q3 25 | -5.2% | — | ||
| Q2 25 | -114.6% | 146.7% | ||
| Q1 25 | -8.9% | 100.8% | ||
| Q4 24 | -5.6% | 110.6% | ||
| Q3 24 | 10.4% | 54.2% | ||
| Q2 24 | -1.3% | 79.3% | ||
| Q1 24 | -1.9% | 98.4% |
每股收益（稀释后）DNUTLBRDA
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $-2.55 | $2.68 | ||
| Q1 25 | $-0.20 | $1.87 | ||
| Q4 24 | $-0.13 | $2.04 | ||
| Q3 24 | $0.23 | $0.99 | ||
| Q2 24 | $-0.03 | $1.36 | ||
| Q1 24 | $-0.05 | $1.69 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $42.4M | $180.0M |
| 总债务越低越好 | $911.9M | $3.1B |
| 股东权益账面价值 | $650.1M | $10.4B |
| 总资产 | $2.6B | $16.6B |
| 负债/权益比越低杠杆越低 | 1.40× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资DNUTLBRDA
| Q4 25 | $42.4M | — | ||
| Q3 25 | $30.7M | — | ||
| Q2 25 | $21.3M | $180.0M | ||
| Q1 25 | $18.7M | $226.0M | ||
| Q4 24 | $29.0M | $163.0M | ||
| Q3 24 | $25.4M | $168.0M | ||
| Q2 24 | $28.6M | $73.0M | ||
| Q1 24 | $33.1M | $108.0M |
总债务DNUTLBRDA
| Q4 25 | $911.9M | — | ||
| Q3 25 | $906.2M | — | ||
| Q2 25 | $889.4M | $3.1B | ||
| Q1 25 | $935.0M | $3.8B | ||
| Q4 24 | $844.5M | $3.8B | ||
| Q3 24 | $804.6M | $3.7B | ||
| Q2 24 | $895.0M | $3.6B | ||
| Q1 24 | $881.8M | $3.6B |
股东权益DNUTLBRDA
| Q4 25 | $650.1M | — | ||
| Q3 25 | $670.3M | — | ||
| Q2 25 | $693.6M | $10.4B | ||
| Q1 25 | $1.1B | $10.1B | ||
| Q4 24 | $1.1B | $9.8B | ||
| Q3 24 | $1.2B | $9.5B | ||
| Q2 24 | $1.1B | $9.3B | ||
| Q1 24 | $1.2B | $9.1B |
总资产DNUTLBRDA
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $16.6B | ||
| Q1 25 | $3.1B | $17.0B | ||
| Q4 24 | $3.1B | $16.7B | ||
| Q3 24 | $3.1B | $16.3B | ||
| Q2 24 | $3.2B | $16.0B | ||
| Q1 24 | $3.2B | $15.7B |
负债/权益比DNUTLBRDA
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | 0.30× | ||
| Q1 25 | 0.85× | 0.38× | ||
| Q4 24 | 0.74× | 0.38× | ||
| Q3 24 | 0.68× | 0.39× | ||
| Q2 24 | 0.79× | 0.39× | ||
| Q1 24 | 0.76× | 0.40× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $45.0M | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $27.9M | $37.0M |
| 自由现金流率自由现金流/营收 | 7.1% | 14.2% |
| 资本支出强度资本支出/营收 | 4.4% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | $-64.0M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流DNUTLBRDA
| Q4 25 | $45.0M | — | ||
| Q3 25 | $42.3M | — | ||
| Q2 25 | $-32.5M | $91.0M | ||
| Q1 25 | $-20.8M | $78.0M | ||
| Q4 24 | $27.0M | $1.0M | ||
| Q3 24 | $3.3M | $24.0M | ||
| Q2 24 | $33.2M | $27.0M | ||
| Q1 24 | $-17.7M | $52.0M |
自由现金流DNUTLBRDA
| Q4 25 | $27.9M | — | ||
| Q3 25 | $15.5M | — | ||
| Q2 25 | $-60.8M | $37.0M | ||
| Q1 25 | $-46.7M | $13.0M | ||
| Q4 24 | $-6.9M | $-63.0M | ||
| Q3 24 | $-22.9M | $-36.0M | ||
| Q2 24 | $1.6M | $-35.0M | ||
| Q1 24 | $-46.8M | $-9.0M |
自由现金流率DNUTLBRDA
| Q4 25 | 7.1% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | -16.0% | 14.2% | ||
| Q1 25 | -12.5% | 4.9% | ||
| Q4 24 | -1.7% | -24.0% | ||
| Q3 24 | -6.0% | -13.7% | ||
| Q2 24 | 0.4% | -14.2% | ||
| Q1 24 | -10.6% | -3.7% |
资本支出强度DNUTLBRDA
| Q4 25 | 4.4% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 7.4% | 20.7% | ||
| Q1 25 | 6.9% | 24.4% | ||
| Q4 24 | 8.4% | 24.3% | ||
| Q3 24 | 6.9% | 22.9% | ||
| Q2 24 | 7.2% | 25.2% | ||
| Q1 24 | 6.6% | 24.9% |
现金转化率DNUTLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 0.08× | 0.17× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
