Krispy Kreme, Inc. (DNUT) Key Metrics
DNUT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $524.0M
- Enterprise value
- $1.77B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 1.1
- Price / book
- 0.8 10-yr median 1.5
- EV / EBITDA
- 18.0 10-yr median 25.2
- Dividend yield
- —
- Beta
- 1.25
DNUT key metrics, 2014–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDNUT valuation Price multiples at each fiscal year-end price.
Price / sales−55.9%
0.5
2025 · hover or tap a bar for each year
20142025
Price / book−30.2%
1.0
2025 · hover or tap a bar for each year
20142025
Free cash flow yield−4.9 pts
−9.3%
2025 · hover or tap a bar for each year
20142025
DNUT returns How much profit the business earns on the capital it uses.
Return on equity−57.9 pts
−57.6%
2025 · hover or tap a bar for each year
20142025
Return on invested capital−1.0 pts
−1.1%
2025 · hover or tap a bar for each year
20142025
Return on assets−18.3 pts
−18.2%
2025 · hover or tap a bar for each year
20142025
Free cash flow margin+0.3 pts
−4.2%
2025 · hover or tap a bar for each year
20142025
Asset turnover+1.8%
0.54
2025 · hover or tap a bar for each year
20142025
DNUT per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−8.3%
$8.91
2025 · hover or tap a bar for each year
20142025
Earnings per share
−$3.02
2025 · hover or tap a bar for each year
20142025
Free cash flow per share
−$0.37
2025 · hover or tap a bar for each year
20142025
Book value per share−42.0%
$3.84
2025 · hover or tap a bar for each year
20142025
Dividends per share−49.5%
$0.07
2025 · hover or tap a bar for each year
20142025
Shares outstanding−0.3%
170.9M
2025 · hover or tap a bar for each year
20142025
DNUT financial health Debt, liquidity and how easily interest is covered.
Debt / equity+82.1%
2.17
2025 · hover or tap a bar for each year
20142025
Net debt+$143.4M
$1.47B
2025 · hover or tap a bar for each year
20142025
Current ratio+7.2%
0.38
2025 · hover or tap a bar for each year
20142025
Interest coverage
-0.5
2025 · hover or tap a bar for each year
20142025
Debt / assets+24.7%
0.55
2025 · hover or tap a bar for each year
20142025
DNUT efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+1 days
17 days
2025 · hover or tap a bar for each year
20142025
Days of inventory−20 days
8 days
2025 · hover or tap a bar for each year
20142025
Days payables outstanding−89 days
36 days
2025 · hover or tap a bar for each year
20142025
Cash conversion cycle+70 days
-11 days
2025 · hover or tap a bar for each year
20142025
Capex / revenue−0.8 pts
6.4%
2025 · hover or tap a bar for each year
20142025
DNUT valuation history
Fiscal year-endToday10-year median
DNUT returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DNUT debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DNUT cash returned to shareholders
DividendsBuybacksFree cash flow
DNUT price vs earnings per share
Share price at year-endEPS (right axis)
DNUT key metrics
2014–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $687.1M | $1.70B | $2.54B | $1.73B | $3.16B | — | — | — | — | — |
| Enterprise value | $2.15B | $3.03B | $3.90B | $2.93B | $4.31B | — | — | — | — | — |
| P/E ratio | — | 550.2 | — | — | — | — | — | — | — | — |
| Price / sales | 0.5 | 1.0 | 1.5 | 1.1 | 2.3 | — | — | — | — | — |
| Price / book | 1.0 | 1.5 | 2.2 | 1.4 | 2.6 | — | — | — | — | — |
| Price / free cash flow | — | — | — | 61.5 | 145.6 | — | — | — | — | — |
| Price / operating cash flow | 20.3 | 37.2 | 55.8 | 12.4 | 22.4 | — | — | — | — | — |
| EV / sales | 1.4 | 1.8 | 2.3 | 1.9 | 3.1 | — | — | — | — | — |
| EV / EBITDA | — | 14.2 | 28.8 | 21.5 | 30.7 | — | — | — | — | — |
| EV / free cash flow | — | — | — | 104.2 | 198.3 | — | — | — | — | — |
| Earnings yield | −75.1% | 0.2% | −1.5% | −0.9% | −0.8% | — | — | — | — | — |
| Free cash flow yield | −9.3% | −4.4% | −3.0% | 1.6% | 0.7% | — | — | — | — | — |
| Dividend yield | 1.7% | 1.4% | 0.9% | 1.4% | 1.5% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.9% | 1.7% | 1.0% | 1.6% | 5.9% | — | — | — | — | — |
| Share price at fiscal year-end | $4.02 | $9.93 | $15.09 | $10.32 | $18.92 | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $8.91 | $9.71 | $10.02 | $9.14 | $8.28 | $6.80 | $6.01 | $4.98 | $4.44 | $4.08 |
| Earnings per share | −$3.02 | $0.02 | −$0.23 | −$0.09 | −$0.15 | −$0.39 | −$0.23 | −$0.09 | $0.28 | $0.25 |
| Operating cash flow per share | $0.20 | $0.27 | $0.27 | $0.83 | $0.84 | $0.17 | $0.51 | $0.93 | $0.68 | $0.52 |
| Free cash flow per share | −$0.37 | −$0.44 | −$0.45 | $0.17 | $0.13 | −$0.42 | $0.03 | $0.66 | $0.43 | $0.26 |
| Cash per share | −$0.25 | $0.17 | $0.23 | $0.21 | $0.23 | $0.23 | $0.23 | — | $0.43 | $0.42 |
| Book value per share | $3.84 | $6.62 | $6.95 | $7.14 | $7.36 | $4.15 | $4.60 | — | $2.19 | $2.23 |
| Tangible book value per share | −$5.00 | −$4.27 | −$5.22 | −$5.12 | −$5.18 | −$8.49 | −$8.14 | — | $1.93 | $1.98 |
| Dividends per share | $0.07 | $0.14 | $0.14 | $0.14 | $0.29 | $0.00 | $0.02 | $0.19 | $0.25 | — |
| Capex per share | $0.57 | $0.70 | $0.72 | $0.67 | $0.71 | $0.59 | $0.48 | $0.27 | $0.25 | $0.26 |
| Debt per share | $8.34 | $7.89 | $8.30 | $7.37 | $7.07 | $9.66 | $9.40 | — | $0.10 | $0.08 |
| Shares outstanding | 170.9M | 171.5M | 168.3M | 167.5M | 167.3M | 164.9M | 159.7M | 159.7M | 116.8M | 120.3M |
| Change in shares outstanding | −0.3% | +1.9% | +0.5% | +0.1% | +1.4% | +3.2% | 0.0% | +36.8% | −2.9% | −3.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −57.6% | 0.3% | −3.2% | −1.3% | −2.6% | −9.1% | −5.1% | — | 12.4% | 11.3% |
| Return on invested capital (ROIC) | −1.1% | −0.2% | 0.4% | 1.0% | 1.4% | 0.2% | 1.4% | — | 14.7% | 13.7% |
| Return on assets (ROA) | −18.2% | 0.1% | −1.2% | −0.5% | −0.8% | −2.2% | −1.3% | — | 9.3% | 8.7% |
| Return on tangible assets | −47.5% | 0.3% | −3.2% | −1.4% | −2.3% | −6.6% | −4.5% | — | 10.4% | 9.3% |
| Free cash flow margin | −4.2% | −4.5% | −4.5% | 1.8% | 1.6% | −6.2% | 0.5% | 13.3% | 9.6% | 6.4% |
| Income quality (OCF / net income) | — | 14.81 | — | — | — | — | — | — | 2.44 | 2.09 |
| Financial health | ||||||||||
| Total debt | $1.42B | $1.35B | $1.40B | $1.24B | $1.18B | $1.59B | $1.50B | — | $11.5M | $9.7M |
| Cash & short-term investments | −$42.4M | $29.0M | $38.2M | $35.4M | $38.6M | $38.5M | $37.4M | — | $50.8M | $51.0M |
| Net debt | $1.47B | $1.32B | $1.36B | $1.20B | $1.14B | $1.55B | $1.46B | — | −$39.2M | −$41.3M |
| Debt / equity | 2.17 | 1.19 | 1.19 | 1.03 | 0.96 | 2.33 | 2.04 | — | 0.05 | 0.04 |
| Debt / assets | 0.55 | 0.44 | 0.43 | 0.39 | 0.38 | 0.52 | 0.52 | — | 0.03 | 0.03 |
| Net debt / EBITDA | — | 6.20 | 10.04 | 8.81 | 8.14 | 18.13 | 14.31 | — | −0.54 | −0.66 |
| Current ratio | 0.38 | 0.36 | 0.33 | 0.35 | 0.30 | 0.33 | 0.31 | — | 1.99 | 2.09 |
| Quick ratio | 0.32 | 0.30 | 0.26 | 0.26 | 0.23 | 0.25 | 0.25 | — | 1.67 | 1.73 |
| Interest coverage | -0.5 | -0.1 | 0.3 | 0.8 | 1.0 | 0.1 | 0.6 | 0.7 | — | — |
| Working capital | −$282.8M | −$313.2M | −$352.0M | −$338.2M | −$369.3M | −$333.7M | −$264.6M | — | $49.4M | $54.6M |
| Invested capital | $2.12B | $2.46B | $2.53B | $2.40B | $2.38B | $2.24B | $2.20B | — | $216.9M | $226.5M |
| Tangible asset value | −$831.3M | −$703.1M | −$784.5M | −$755.1M | −$762.2M | −$1.24B | −$1.15B | — | $225.2M | $237.7M |
| Net current asset value | −$1.74B | −$1.73B | −$1.80B | −$1.67B | −$1.65B | −$2.05B | −$1.87B | — | $12.4M | $19.7M |
| Graham number | — | $1.64 | — | — | — | — | — | — | $3.70 | $3.54 |
| Graham net-net per share | −$11.06 | −$10.58 | −$11.08 | −$10.38 | −$10.21 | −$12.73 | −$11.93 | — | −$0.07 | −$0.04 |
| Capital allocation | ||||||||||
| Dividends paid | $11.9M | $23.7M | $23.6M | $23.4M | $48.2M | $42,000 | $2.6M | $29.8M | $29.8M | — |
| Share buybacks (net) | $1.4M | $5.5M | $1.9M | $4.0M | $139.1M | $0 | $0 | — | $51.6M | $43.9M |
| Dividend payout ratio | — | 765.5% | — | — | — | — | — | — | 91.8% | — |
| Dividends + buybacks / free cash flow | — | — | — | 97.7% | 862.0% | — | 59.2% | 28.3% | 162.6% | 139.6% |
| Capex / revenue | 6.4% | 7.3% | 7.2% | 7.3% | 8.6% | 8.7% | 8.0% | 5.4% | 5.6% | 6.4% |
| Capex / operating cash flow | 288.7% | 263.6% | 266.6% | 79.9% | 84.6% | 341.2% | 94.5% | 28.9% | 36.7% | 50.0% |
| Capex / depreciation | 0.71 | 0.90 | 0.96 | 1.01 | 1.18 | 1.22 | 1.20 | 0.87 | 1.79 | 2.45 |
| Stock-based compensation / revenue | 0.8% | 2.1% | 1.4% | 1.2% | 1.7% | 1.0% | 1.1% | 1.2% | 1.1% | 0.9% |
| SG&A / revenue | 14.9% | 19.5% | 18.5% | 17.4% | 18.9% | 19.3% | 19.8% | 20.5% | 5.8% | 6.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 16.8 | 15.6 | 15.6 | 15.7 | 18.0 | 20.0 | 18.4 | — | 18.7 | 19.1 |
| Days of inventory on hand | 7.7 | 28.0 | 33.3 | 36.4 | 37.8 | 12.7 | 31.4 | — | 15.2 | 16.1 |
| Days payables outstanding | 35.9 | 124.8 | 157.2 | 183.0 | 170.5 | 59.6 | 193.3 | — | 16.2 | 15.6 |
| Cash conversion cycle (days) | -11.5 | -81.1 | -108.2 | -130.9 | -114.7 | -27.0 | -143.5 | — | 17.7 | 19.5 |
| Receivables turnover | 21.72 | 23.36 | 23.38 | 23.27 | 20.28 | 18.29 | 19.84 | — | 19.50 | 19.15 |
| Payables turnover | 10.16 | 2.92 | 2.32 | 1.99 | 2.14 | 6.12 | 1.89 | — | 22.49 | 23.37 |
| Inventory turnover | 47.58 | 13.02 | 10.95 | 10.02 | 9.65 | 28.79 | 11.61 | — | 24.02 | 22.66 |
| Asset turnover | 0.54 | 0.53 | 0.53 | 0.49 | 0.45 | 0.38 | 0.33 | — | 1.49 | 1.42 |
| Average receivables | $70.1M | $71.3M | $72.1M | $65.8M | $68.3M | $61.4M | $48.4M | — | $26.6M | $25.6M |
| Average payables | $128.8M | $139.9M | $190.9M | $203.7M | $165.4M | $143.7M | $138.8M | — | $18.4M | $16.9M |
| Average inventory | $27.5M | $31.4M | $40.5M | $40.5M | $36.7M | $30.5M | $22.6M | — | $17.3M | $17.5M |
| Intangibles / total assets | 58.2% | 60.8% | 63.2% | 65.2% | 66.7% | 68.1% | 70.8% | — | 9.0% | 8.5% |
Computed from DNUT's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DNUT valuation and financial ratios
Krispy Kreme earned a return on equity of −57.6% and a return on invested capital of −1.1% in fiscal 2025. It ended the year with $1.4 billion of debt and -$42.4 million in cash and short-term investments, net debt of $1.5 billion. It returned $13.3 million to shareholders: $11.9 million in dividends and $1.4 million in share buybacks. The share count rose 42.1% from 120.3M to 170.9M over 9 years.
See the DNUT income statement, the DNUT chart for price history, or the DNUT stock overview for the latest quote and news.
DNUT key metrics FAQ
What is Krispy Kreme's return on equity?
Krispy Kreme's return on equity (ROE) was −57.6% in fiscal 2025: net income of -$515.8 million on average shareholders' equity of $895.4 million.
What is Krispy Kreme's ROIC?
Krispy Kreme's return on invested capital was −1.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Krispy Kreme have?
Krispy Kreme had total debt of $1.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.17.
What is Krispy Kreme's dividend yield?
Krispy Kreme paid $11.9 million in dividends in fiscal 2025 ($0.07 per share), a payout ratio of —.
Does Krispy Kreme buy back its shares?
Yes. Krispy Kreme spent $1.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 170.9M..
What is Krispy Kreme's free cash flow yield?
Krispy Kreme generated -$64.0 million of free cash flow in fiscal 2025, a free cash flow yield of −9.3% on its market value at year-end ($687.1 million).
What is Krispy Kreme's current ratio?
Krispy Kreme's current ratio was 0.38 at the end of fiscal 2025: current assets were 0.38 times current liabilities.