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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $115.6M, roughly 1.9× Karat Packaging Inc.). Karat Packaging Inc. runs the higher net margin — 5.9% vs 4.8%, a 1.0% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M vs $15.1M).

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

KRT vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.9× larger
PXED
$222.5M
$115.6M
KRT
Higher net margin
KRT
KRT
1.0% more per $
KRT
5.9%
4.8%
PXED
More free cash flow
PXED
PXED
$28.4M more FCF
PXED
$43.5M
$15.1M
KRT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
KRT
KRT
PXED
PXED
Revenue
$115.6M
$222.5M
Net Profit
$6.8M
$10.8M
Gross Margin
34.0%
Operating Margin
7.3%
6.3%
Net Margin
5.9%
4.8%
Revenue YoY
13.7%
Net Profit YoY
21.3%
EPS (diluted)
$0.34
$0.28

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
PXED
PXED
Q1 26
$222.5M
Q4 25
$115.6M
$262.0M
Q3 25
$124.5M
Q2 25
$124.0M
Q1 25
$103.6M
Q4 24
$101.6M
Q3 24
$112.8M
Q2 24
$112.6M
Net Profit
KRT
KRT
PXED
PXED
Q1 26
$10.8M
Q4 25
$6.8M
$15.5M
Q3 25
$7.3M
Q2 25
$10.9M
Q1 25
$6.4M
Q4 24
$5.6M
Q3 24
$9.1M
Q2 24
$9.1M
Gross Margin
KRT
KRT
PXED
PXED
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
PXED
PXED
Q1 26
6.3%
Q4 25
7.3%
9.8%
Q3 25
6.9%
Q2 25
13.3%
Q1 25
7.5%
Q4 24
7.2%
Q3 24
10.0%
Q2 24
9.9%
Net Margin
KRT
KRT
PXED
PXED
Q1 26
4.8%
Q4 25
5.9%
5.9%
Q3 25
5.9%
Q2 25
8.8%
Q1 25
6.2%
Q4 24
5.5%
Q3 24
8.1%
Q2 24
8.1%
EPS (diluted)
KRT
KRT
PXED
PXED
Q1 26
$0.28
Q4 25
$0.34
$0.40
Q3 25
$0.36
Q2 25
$0.54
Q1 25
$0.32
Q4 24
$0.28
Q3 24
$0.45
Q2 24
$0.45

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$37.9M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$149.4M
$291.1M
Total Assets
$287.7M
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
PXED
PXED
Q1 26
$201.4M
Q4 25
$37.9M
$163.5M
Q3 25
$44.0M
Q2 25
$57.0M
Q1 25
$56.3M
Q4 24
$59.9M
Q3 24
$60.4M
Q2 24
$52.1M
Total Debt
KRT
KRT
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
KRT
KRT
PXED
PXED
Q1 26
$291.1M
Q4 25
$149.4M
$280.4M
Q3 25
$154.5M
Q2 25
$155.8M
Q1 25
$153.3M
Q4 24
$155.6M
Q3 24
$157.3M
Q2 24
$157.7M
Total Assets
KRT
KRT
PXED
PXED
Q1 26
$546.4M
Q4 25
$287.7M
$549.6M
Q3 25
$302.8M
Q2 25
$321.0M
Q1 25
$312.2M
Q4 24
$294.5M
Q3 24
$306.8M
Q2 24
$310.7M
Debt / Equity
KRT
KRT
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
PXED
PXED
Operating Cash FlowLast quarter
$15.4M
$48.9M
Free Cash FlowOCF − Capex
$15.1M
$43.5M
FCF MarginFCF / Revenue
13.1%
19.6%
Capex IntensityCapex / Revenue
0.2%
2.4%
Cash ConversionOCF / Net Profit
2.26×
4.53×
TTM Free Cash FlowTrailing 4 quarters
$33.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
PXED
PXED
Q1 26
$48.9M
Q4 25
$15.4M
$31.1M
Q3 25
$982.0K
Q2 25
$9.8M
Q1 25
$7.7M
Q4 24
$8.3M
Q3 24
$19.5M
Q2 24
$13.7M
Free Cash Flow
KRT
KRT
PXED
PXED
Q1 26
$43.5M
Q4 25
$15.1M
$26.4M
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
PXED
PXED
Q1 26
19.6%
Q4 25
13.1%
10.1%
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
PXED
PXED
Q1 26
2.4%
Q4 25
0.2%
1.8%
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
PXED
PXED
Q1 26
4.53×
Q4 25
2.26×
2.01×
Q3 25
0.13×
Q2 25
0.89×
Q1 25
1.21×
Q4 24
1.47×
Q3 24
2.14×
Q2 24
1.50×

Financial Flow Comparison

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

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