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Krispy Kreme, Inc.（DNUT）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是Krispy Kreme, Inc.的1.4倍（$566.0M vs $392.4M），Krispy Kreme, Inc.净利率更高（-7.1% vs -33.1%，领先26.0%），Krispy Kreme, Inc.同比增速更快（-2.9% vs -6.1%），WillScot Holdings Corp自由现金流更多（$149.7M vs $27.9M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
DNUT vs WSC — 直观对比
营收规模更大
WSC
是对方的1.4倍
$392.4M
营收增速更快
DNUT
高出3.2%
-6.1%
净利率更高
DNUT
高出26.0%
-33.1%
自由现金流更多
WSC
多$121.8M
$27.9M
两年增速更快
WSC
近两年复合增速
-5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $392.4M | $566.0M |
| 净利润 | $-27.8M | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | -1.9% | -32.5% |
| 净利率 | -7.1% | -33.1% |
| 营收同比 | -2.9% | -6.1% |
| 净利润同比 | -23.8% | -310.0% |
| 每股收益（稀释后） | $-0.18 | $-1.02 |
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DNUTWSC
| 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 |
净利润DNUTWSC
| 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 |
毛利率DNUTWSC
| 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% |
营业利润率DNUTWSC
| 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% |
净利率DNUTWSC
| 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% |
每股收益（稀释后）DNUTWSC
| 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 |
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 | $14.6M |
| 总债务越低越好 | $911.9M | $3.6B |
| 股东权益账面价值 | $650.1M | $856.3M |
| 总资产 | $2.6B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.40× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资DNUTWSC
| 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 |
总债务DNUTWSC
| 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 |
股东权益DNUTWSC
| 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 |
总资产DNUTWSC
| 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 |
负债/权益比DNUTWSC
| 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× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $27.9M | $149.7M |
| 自由现金流率自由现金流/营收 | 7.1% | 26.5% |
| 资本支出强度资本支出/营收 | 4.4% | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-64.0M | $737.7M |
8季度趋势，按日历期对齐
经营现金流DNUTWSC
| 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 |
自由现金流DNUTWSC
| 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 |
自由现金流率DNUTWSC
| 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% |
资本支出强度DNUTWSC
| 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% |
现金转化率DNUTWSC
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DNUT
暂无分部数据
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% |
