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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and Metropolitan Bank Holding Corp. (MCB). Click either name above to swap in a different company.

Karat Packaging Inc. is the larger business by last-quarter revenue ($115.6M vs $88.5M, roughly 1.3× Metropolitan Bank Holding Corp.). Metropolitan Bank Holding Corp. runs the higher net margin — 35.5% vs 5.9%, a 29.6% gap on every dollar of revenue. On growth, Metropolitan Bank Holding Corp. posted the faster year-over-year revenue change (25.4% vs 13.7%). Over the past eight quarters, Metropolitan Bank Holding Corp.'s revenue compounded faster (14.3% CAGR vs 10.0%).

Karat Packaging Inc. is a specialty manufacturer and distributor of disposable foodservice packaging products. Its offerings include paper and plastic cups, food containers, cutlery, lids, and custom branded solutions, serving restaurant chains, cafes, catering operators, and retail foodservice clients primarily across North America.

Sandy Spring Bancorp, Inc. was a bank holding company headquartered in Olney, Maryland and operating in the Washington metropolitan area. In addition to banking services, the company offered commercial and personal lines of insurance, surety bonds, workers compensation insurance, and professional liability insurance protection as well as financial planning, wealth management, and asset management for high-net-worth individuals, businesses, and associations. In April 2025, the company was acqu...

KRT vs MCB — Head-to-Head

Bigger by revenue
KRT
KRT
1.3× larger
KRT
$115.6M
$88.5M
MCB
Growing faster (revenue YoY)
MCB
MCB
+11.6% gap
MCB
25.4%
13.7%
KRT
Higher net margin
MCB
MCB
29.6% more per $
MCB
35.5%
5.9%
KRT
Faster 2-yr revenue CAGR
MCB
MCB
Annualised
MCB
14.3%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KRT
KRT
MCB
MCB
Revenue
$115.6M
$88.5M
Net Profit
$6.8M
$31.4M
Gross Margin
34.0%
Operating Margin
7.3%
Net Margin
5.9%
35.5%
Revenue YoY
13.7%
25.4%
Net Profit YoY
21.3%
92.2%
EPS (diluted)
$0.34
$2.92

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.

Revenue
KRT
KRT
MCB
MCB
Q1 26
$88.5M
Q4 25
$115.6M
$88.4M
Q3 25
$124.5M
$79.8M
Q2 25
$124.0M
$76.3M
Q1 25
$103.6M
$70.6M
Q4 24
$101.6M
$71.0M
Q3 24
$112.8M
$71.5M
Q2 24
$112.6M
$67.7M
Net Profit
KRT
KRT
MCB
MCB
Q1 26
$31.4M
Q4 25
$6.8M
$28.9M
Q3 25
$7.3M
$7.1M
Q2 25
$10.9M
$18.8M
Q1 25
$6.4M
$16.4M
Q4 24
$5.6M
$21.4M
Q3 24
$9.1M
$12.3M
Q2 24
$9.1M
$16.8M
Gross Margin
KRT
KRT
MCB
MCB
Q1 26
Q4 25
34.0%
Q3 25
34.5%
Q2 25
39.6%
Q1 25
39.3%
Q4 24
39.2%
Q3 24
38.6%
Q2 24
38.5%
Operating Margin
KRT
KRT
MCB
MCB
Q1 26
Q4 25
7.3%
46.6%
Q3 25
6.9%
12.8%
Q2 25
13.3%
35.1%
Q1 25
7.5%
33.1%
Q4 24
7.2%
44.1%
Q3 24
10.0%
24.6%
Q2 24
9.9%
35.3%
Net Margin
KRT
KRT
MCB
MCB
Q1 26
35.5%
Q4 25
5.9%
32.6%
Q3 25
5.9%
8.9%
Q2 25
8.8%
24.6%
Q1 25
6.2%
23.2%
Q4 24
5.5%
30.2%
Q3 24
8.1%
17.2%
Q2 24
8.1%
24.8%
EPS (diluted)
KRT
KRT
MCB
MCB
Q1 26
$2.92
Q4 25
$0.34
$2.74
Q3 25
$0.36
$0.67
Q2 25
$0.54
$1.76
Q1 25
$0.32
$1.45
Q4 24
$0.28
$1.89
Q3 24
$0.45
$1.08
Q2 24
$0.45
$1.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KRT
KRT
MCB
MCB
Cash + ST InvestmentsLiquidity on hand
$37.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$149.4M
$948.3M
Total Assets
$287.7M
$8.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
MCB
MCB
Q1 26
Q4 25
$37.9M
$393.6M
Q3 25
$44.0M
$385.9M
Q2 25
$57.0M
$152.5M
Q1 25
$56.3M
$196.5M
Q4 24
$59.9M
$200.3M
Q3 24
$60.4M
$318.5M
Q2 24
$52.1M
$244.7M
Stockholders' Equity
KRT
KRT
MCB
MCB
Q1 26
$948.3M
Q4 25
$149.4M
$743.1M
Q3 25
$154.5M
$732.0M
Q2 25
$155.8M
$723.0M
Q1 25
$153.3M
$737.8M
Q4 24
$155.6M
$729.8M
Q3 24
$157.3M
$715.2M
Q2 24
$157.7M
$692.4M
Total Assets
KRT
KRT
MCB
MCB
Q1 26
$8.8B
Q4 25
$287.7M
$8.3B
Q3 25
$302.8M
$8.2B
Q2 25
$321.0M
$7.9B
Q1 25
$312.2M
$7.6B
Q4 24
$294.5M
$7.3B
Q3 24
$306.8M
$7.4B
Q2 24
$310.7M
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KRT
KRT
MCB
MCB
Operating Cash FlowLast quarter
$15.4M
Free Cash FlowOCF − Capex
$15.1M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
2.26×
TTM Free Cash FlowTrailing 4 quarters
$33.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
MCB
MCB
Q1 26
Q4 25
$15.4M
$88.7M
Q3 25
$982.0K
$31.8M
Q2 25
$9.8M
$18.4M
Q1 25
$7.7M
$7.8M
Q4 24
$8.3M
$148.5M
Q3 24
$19.5M
$4.8M
Q2 24
$13.7M
$35.3M
Free Cash Flow
KRT
KRT
MCB
MCB
Q1 26
Q4 25
$15.1M
Q3 25
$736.0K
Q2 25
$9.6M
Q1 25
$7.6M
Q4 24
$8.0M
Q3 24
$19.2M
Q2 24
$13.4M
FCF Margin
KRT
KRT
MCB
MCB
Q1 26
Q4 25
13.1%
Q3 25
0.6%
Q2 25
7.7%
Q1 25
7.4%
Q4 24
7.9%
Q3 24
17.0%
Q2 24
11.9%
Capex Intensity
KRT
KRT
MCB
MCB
Q1 26
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.2%
Cash Conversion
KRT
KRT
MCB
MCB
Q1 26
Q4 25
2.26×
3.07×
Q3 25
0.13×
4.47×
Q2 25
0.89×
0.98×
Q1 25
1.21×
0.47×
Q4 24
1.47×
6.93×
Q3 24
2.14×
0.39×
Q2 24
1.50×
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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