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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $115.6M, roughly 1.7× Karat Packaging Inc.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs 5.9%, a 2.5% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 13.7%). Karat Packaging Inc. produced more free cash flow last quarter ($15.1M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% 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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

KRT vs PSIX — Head-to-Head

Bigger by revenue
PSIX
PSIX
1.7× larger
PSIX
$191.2M
$115.6M
KRT
Growing faster (revenue YoY)
PSIX
PSIX
+18.8% gap
PSIX
32.5%
13.7%
KRT
Higher net margin
PSIX
PSIX
2.5% more per $
PSIX
8.4%
5.9%
KRT
More free cash flow
KRT
KRT
$22.7M more FCF
KRT
$15.1M
$-7.6M
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRT
KRT
PSIX
PSIX
Revenue
$115.6M
$191.2M
Net Profit
$6.8M
$16.1M
Gross Margin
34.0%
21.9%
Operating Margin
7.3%
12.7%
Net Margin
5.9%
8.4%
Revenue YoY
13.7%
32.5%
Net Profit YoY
21.3%
-31.0%
EPS (diluted)
$0.34
$0.69

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
PSIX
PSIX
Q4 25
$115.6M
$191.2M
Q3 25
$124.5M
$203.8M
Q2 25
$124.0M
$191.9M
Q1 25
$103.6M
$135.4M
Q4 24
$101.6M
$144.3M
Q3 24
$112.8M
$125.8M
Q2 24
$112.6M
$110.6M
Q1 24
$95.6M
$95.2M
Net Profit
KRT
KRT
PSIX
PSIX
Q4 25
$6.8M
$16.1M
Q3 25
$7.3M
$27.6M
Q2 25
$10.9M
$51.2M
Q1 25
$6.4M
$19.1M
Q4 24
$5.6M
$23.3M
Q3 24
$9.1M
$17.3M
Q2 24
$9.1M
$21.5M
Q1 24
$6.2M
$7.1M
Gross Margin
KRT
KRT
PSIX
PSIX
Q4 25
34.0%
21.9%
Q3 25
34.5%
23.9%
Q2 25
39.6%
28.2%
Q1 25
39.3%
29.7%
Q4 24
39.2%
29.9%
Q3 24
38.6%
28.9%
Q2 24
38.5%
31.8%
Q1 24
39.3%
27.0%
Operating Margin
KRT
KRT
PSIX
PSIX
Q4 25
7.3%
12.7%
Q3 25
6.9%
13.9%
Q2 25
13.3%
16.9%
Q1 25
7.5%
18.2%
Q4 24
7.2%
17.5%
Q3 24
10.0%
16.3%
Q2 24
9.9%
22.9%
Q1 24
8.4%
11.2%
Net Margin
KRT
KRT
PSIX
PSIX
Q4 25
5.9%
8.4%
Q3 25
5.9%
13.5%
Q2 25
8.8%
26.7%
Q1 25
6.2%
14.1%
Q4 24
5.5%
16.1%
Q3 24
8.1%
13.8%
Q2 24
8.1%
19.5%
Q1 24
6.4%
7.5%
EPS (diluted)
KRT
KRT
PSIX
PSIX
Q4 25
$0.34
$0.69
Q3 25
$0.36
$1.20
Q2 25
$0.54
$2.22
Q1 25
$0.32
$0.83
Q4 24
$0.28
$1.01
Q3 24
$0.45
$0.75
Q2 24
$0.45
$0.94
Q1 24
$0.31
$0.31

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$37.9M
$41.3M
Total DebtLower is stronger
$96.6M
Stockholders' EquityBook value
$149.4M
$178.6M
Total Assets
$287.7M
$424.7M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
PSIX
PSIX
Q4 25
$37.9M
$41.3M
Q3 25
$44.0M
$49.0M
Q2 25
$57.0M
$49.5M
Q1 25
$56.3M
$50.0M
Q4 24
$59.9M
$55.3M
Q3 24
$60.4M
$40.5M
Q2 24
$52.1M
$28.8M
Q1 24
$46.7M
$33.1M
Total Debt
KRT
KRT
PSIX
PSIX
Q4 25
$96.6M
Q3 25
$96.7M
Q2 25
$1.8M
Q1 25
$1.0M
Q4 24
$184.0K
Q3 24
$238.0K
Q2 24
$292.0K
Q1 24
$345.0K
Stockholders' Equity
KRT
KRT
PSIX
PSIX
Q4 25
$149.4M
$178.6M
Q3 25
$154.5M
$162.5M
Q2 25
$155.8M
$135.7M
Q1 25
$153.3M
$84.3M
Q4 24
$155.6M
$65.3M
Q3 24
$157.3M
$42.1M
Q2 24
$157.7M
$24.8M
Q1 24
$154.4M
$3.2M
Total Assets
KRT
KRT
PSIX
PSIX
Q4 25
$287.7M
$424.7M
Q3 25
$302.8M
$458.9M
Q2 25
$321.0M
$437.7M
Q1 25
$312.2M
$372.7M
Q4 24
$294.5M
$328.2M
Q3 24
$306.8M
$339.1M
Q2 24
$310.7M
$307.6M
Q1 24
$279.0M
$286.8M
Debt / Equity
KRT
KRT
PSIX
PSIX
Q4 25
0.54×
Q3 25
0.60×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.00×
Q3 24
0.01×
Q2 24
0.01×
Q1 24
0.11×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$15.4M
$-4.6M
Free Cash FlowOCF − Capex
$15.1M
$-7.6M
FCF MarginFCF / Revenue
13.1%
-4.0%
Capex IntensityCapex / Revenue
0.2%
1.6%
Cash ConversionOCF / Net Profit
2.26×
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$33.1M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
PSIX
PSIX
Q4 25
$15.4M
$-4.6M
Q3 25
$982.0K
$3.3M
Q2 25
$9.8M
$16.7M
Q1 25
$7.7M
$8.8M
Q4 24
$8.3M
$32.7M
Q3 24
$19.5M
$12.6M
Q2 24
$13.7M
$1.5M
Q1 24
$6.6M
$15.6M
Free Cash Flow
KRT
KRT
PSIX
PSIX
Q4 25
$15.1M
$-7.6M
Q3 25
$736.0K
$1.7M
Q2 25
$9.6M
$14.6M
Q1 25
$7.6M
$5.4M
Q4 24
$8.0M
$30.0M
Q3 24
$19.2M
$12.1M
Q2 24
$13.4M
$822.0K
Q1 24
$6.4M
$14.8M
FCF Margin
KRT
KRT
PSIX
PSIX
Q4 25
13.1%
-4.0%
Q3 25
0.6%
0.8%
Q2 25
7.7%
7.6%
Q1 25
7.4%
4.0%
Q4 24
7.9%
20.8%
Q3 24
17.0%
9.7%
Q2 24
11.9%
0.7%
Q1 24
6.7%
15.6%
Capex Intensity
KRT
KRT
PSIX
PSIX
Q4 25
0.2%
1.6%
Q3 25
0.2%
0.8%
Q2 25
0.1%
1.1%
Q1 25
0.1%
2.5%
Q4 24
0.2%
1.8%
Q3 24
0.3%
0.3%
Q2 24
0.2%
0.6%
Q1 24
0.2%
0.9%
Cash Conversion
KRT
KRT
PSIX
PSIX
Q4 25
2.26×
-0.29×
Q3 25
0.13×
0.12×
Q2 25
0.89×
0.33×
Q1 25
1.21×
0.46×
Q4 24
1.47×
1.40×
Q3 24
2.14×
0.73×
Q2 24
1.50×
0.07×
Q1 24
1.06×
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRT
KRT

Segment breakdown not available.

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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