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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and Opera Ltd (OPRA). Click either name above to swap in a different company.

Opera Ltd is the larger business by last-quarter revenue ($142.7M vs $115.6M, roughly 1.2× Karat Packaging Inc.). Opera Ltd runs the higher net margin — 12.8% vs 5.9%, a 6.9% gap on every dollar of revenue.

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.

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

KRT vs OPRA — Head-to-Head

Bigger by revenue
OPRA
OPRA
1.2× larger
OPRA
$142.7M
$115.6M
KRT
Higher net margin
OPRA
OPRA
6.9% more per $
OPRA
12.8%
5.9%
KRT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
KRT
KRT
OPRA
OPRA
Revenue
$115.6M
$142.7M
Net Profit
$6.8M
$18.3M
Gross Margin
34.0%
Operating Margin
7.3%
14.8%
Net Margin
5.9%
12.8%
Revenue YoY
13.7%
Net Profit YoY
21.3%
EPS (diluted)
$0.34

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
OPRA
OPRA
Q4 25
$115.6M
Q3 25
$124.5M
Q2 25
$124.0M
Q1 25
$103.6M
$142.7M
Q4 24
$101.6M
Q3 24
$112.8M
Q2 24
$112.6M
$211.6M
Q1 24
$95.6M
Net Profit
KRT
KRT
OPRA
OPRA
Q4 25
$6.8M
Q3 25
$7.3M
Q2 25
$10.9M
Q1 25
$6.4M
$18.3M
Q4 24
$5.6M
Q3 24
$9.1M
Q2 24
$9.1M
$34.1M
Q1 24
$6.2M
Gross Margin
KRT
KRT
OPRA
OPRA
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%
Q1 24
39.3%
Operating Margin
KRT
KRT
OPRA
OPRA
Q4 25
7.3%
Q3 25
6.9%
Q2 25
13.3%
Q1 25
7.5%
14.8%
Q4 24
7.2%
Q3 24
10.0%
Q2 24
9.9%
19.6%
Q1 24
8.4%
Net Margin
KRT
KRT
OPRA
OPRA
Q4 25
5.9%
Q3 25
5.9%
Q2 25
8.8%
Q1 25
6.2%
12.8%
Q4 24
5.5%
Q3 24
8.1%
Q2 24
8.1%
16.1%
Q1 24
6.4%
EPS (diluted)
KRT
KRT
OPRA
OPRA
Q4 25
$0.34
Q3 25
$0.36
Q2 25
$0.54
Q1 25
$0.32
Q4 24
$0.28
Q3 24
$0.45
Q2 24
$0.45
Q1 24
$0.31

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
OPRA
OPRA
Q4 25
$37.9M
Q3 25
$44.0M
Q2 25
$57.0M
Q1 25
$56.3M
Q4 24
$59.9M
Q3 24
$60.4M
Q2 24
$52.1M
Q1 24
$46.7M
Stockholders' Equity
KRT
KRT
OPRA
OPRA
Q4 25
$149.4M
Q3 25
$154.5M
Q2 25
$155.8M
Q1 25
$153.3M
Q4 24
$155.6M
Q3 24
$157.3M
Q2 24
$157.7M
Q1 24
$154.4M
Total Assets
KRT
KRT
OPRA
OPRA
Q4 25
$287.7M
Q3 25
$302.8M
Q2 25
$321.0M
Q1 25
$312.2M
Q4 24
$294.5M
Q3 24
$306.8M
Q2 24
$310.7M
Q1 24
$279.0M

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
OPRA
OPRA
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
OPRA
OPRA
Q4 25
$15.4M
Q3 25
$982.0K
Q2 25
$9.8M
Q1 25
$7.7M
Q4 24
$8.3M
Q3 24
$19.5M
Q2 24
$13.7M
Q1 24
$6.6M
Free Cash Flow
KRT
KRT
OPRA
OPRA
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
Q1 24
$6.4M
FCF Margin
KRT
KRT
OPRA
OPRA
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%
Q1 24
6.7%
Capex Intensity
KRT
KRT
OPRA
OPRA
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%
Q1 24
0.2%
Cash Conversion
KRT
KRT
OPRA
OPRA
Q4 25
2.26×
Q3 25
0.13×
Q2 25
0.89×
Q1 25
1.21×
Q4 24
1.47×
Q3 24
2.14×
Q2 24
1.50×
Q1 24
1.06×

Financial Flow Comparison

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

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