It simply depends.
I have a fairly modest digital front end, but actually it sounds pretty good. iFi Zen Stream > Denafrips Aries II via USB. An exterior 4TB hard drive connected directly to the iFi Stream via USB as a streaming server & an Audiolab 6000CDT CD transport > Denafrips Aries II via COAX digital for CD play.
Before I bought the Audiolab 6000CDT, I would say my streaming set-up was better than CD’s with my old Yamaha BluRay/CD player as my transport. Once I installed the Audiolab, my CD’s, once more, have bettered the streaming rig overall, but not by a tremendous amount. But it is better SQ overall.