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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

Karat Packaging Inc. is the larger business by last-quarter revenue ($115.6M vs $69.8M, roughly 1.7× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 5.9%, a 378.1% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 13.7%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

KRT vs RIGL — Head-to-Head

Bigger by revenue
KRT
KRT
1.7× larger
KRT
$115.6M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+7.5% gap
RIGL
21.2%
13.7%
KRT
Higher net margin
RIGL
RIGL
378.1% more per $
RIGL
384.0%
5.9%
KRT
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRT
KRT
RIGL
RIGL
Revenue
$115.6M
$69.8M
Net Profit
$6.8M
$268.1M
Gross Margin
34.0%
91.5%
Operating Margin
7.3%
33.2%
Net Margin
5.9%
384.0%
Revenue YoY
13.7%
21.2%
Net Profit YoY
21.3%
1769.2%
EPS (diluted)
$0.34
$14.11

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
RIGL
RIGL
Q4 25
$115.6M
$69.8M
Q3 25
$124.5M
$69.5M
Q2 25
$124.0M
$101.7M
Q1 25
$103.6M
$53.3M
Q4 24
$101.6M
$57.6M
Q3 24
$112.8M
$55.3M
Q2 24
$112.6M
$36.8M
Q1 24
$95.6M
$29.5M
Net Profit
KRT
KRT
RIGL
RIGL
Q4 25
$6.8M
$268.1M
Q3 25
$7.3M
$27.9M
Q2 25
$10.9M
$59.6M
Q1 25
$6.4M
$11.4M
Q4 24
$5.6M
$14.3M
Q3 24
$9.1M
$12.4M
Q2 24
$9.1M
$-1.0M
Q1 24
$6.2M
$-8.2M
Gross Margin
KRT
KRT
RIGL
RIGL
Q4 25
34.0%
91.5%
Q3 25
34.5%
93.2%
Q2 25
39.6%
95.6%
Q1 25
39.3%
91.7%
Q4 24
39.2%
89.9%
Q3 24
38.6%
85.5%
Q2 24
38.5%
92.4%
Q1 24
39.3%
93.1%
Operating Margin
KRT
KRT
RIGL
RIGL
Q4 25
7.3%
33.2%
Q3 25
6.9%
40.9%
Q2 25
13.3%
60.1%
Q1 25
7.5%
23.9%
Q4 24
7.2%
28.9%
Q3 24
10.0%
25.4%
Q2 24
9.9%
1.2%
Q1 24
8.4%
-23.6%
Net Margin
KRT
KRT
RIGL
RIGL
Q4 25
5.9%
384.0%
Q3 25
5.9%
40.2%
Q2 25
8.8%
58.6%
Q1 25
6.2%
21.5%
Q4 24
5.5%
24.9%
Q3 24
8.1%
22.5%
Q2 24
8.1%
-2.8%
Q1 24
6.4%
-27.9%
EPS (diluted)
KRT
KRT
RIGL
RIGL
Q4 25
$0.34
$14.11
Q3 25
$0.36
$1.46
Q2 25
$0.54
$3.28
Q1 25
$0.32
$0.63
Q4 24
$0.28
$0.82
Q3 24
$0.45
$0.70
Q2 24
$0.45
$-0.06
Q1 24
$0.31
$-0.47

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$37.9M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$149.4M
$391.5M
Total Assets
$287.7M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
RIGL
RIGL
Q4 25
$37.9M
$155.0M
Q3 25
$44.0M
$137.1M
Q2 25
$57.0M
$108.4M
Q1 25
$56.3M
$77.1M
Q4 24
$59.9M
$77.3M
Q3 24
$60.4M
$61.1M
Q2 24
$52.1M
$49.1M
Q1 24
$46.7M
$49.5M
Total Debt
KRT
KRT
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
KRT
KRT
RIGL
RIGL
Q4 25
$149.4M
$391.5M
Q3 25
$154.5M
$117.6M
Q2 25
$155.8M
$81.9M
Q1 25
$153.3M
$18.6M
Q4 24
$155.6M
$3.3M
Q3 24
$157.3M
$-14.6M
Q2 24
$157.7M
$-29.9M
Q1 24
$154.4M
$-31.7M
Total Assets
KRT
KRT
RIGL
RIGL
Q4 25
$287.7M
$513.6M
Q3 25
$302.8M
$242.5M
Q2 25
$321.0M
$206.7M
Q1 25
$312.2M
$176.0M
Q4 24
$294.5M
$164.0M
Q3 24
$306.8M
$139.4M
Q2 24
$310.7M
$128.4M
Q1 24
$279.0M
$126.5M
Debt / Equity
KRT
KRT
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 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
RIGL
RIGL
Operating Cash FlowLast quarter
$15.4M
$22.0M
Free Cash FlowOCF − Capex
$15.1M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
2.26×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$33.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
RIGL
RIGL
Q4 25
$15.4M
$22.0M
Q3 25
$982.0K
$24.0M
Q2 25
$9.8M
$30.5M
Q1 25
$7.7M
$-893.0K
Q4 24
$8.3M
$14.5M
Q3 24
$19.5M
$21.7M
Q2 24
$13.7M
$302.0K
Q1 24
$6.6M
$-5.0M
Free Cash Flow
KRT
KRT
RIGL
RIGL
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
RIGL
RIGL
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
RIGL
RIGL
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
RIGL
RIGL
Q4 25
2.26×
0.08×
Q3 25
0.13×
0.86×
Q2 25
0.89×
0.51×
Q1 25
1.21×
-0.08×
Q4 24
1.47×
1.01×
Q3 24
2.14×
1.75×
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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