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

RAMBUS INC is the larger business by last-quarter revenue ($180.2M vs $115.6M, roughly 1.6× Karat Packaging Inc.). RAMBUS INC runs the higher net margin — 33.2% vs 5.9%, a 27.4% gap on every dollar of revenue. On growth, Karat Packaging Inc. posted the faster year-over-year revenue change (13.7% vs 8.1%). Over the past eight quarters, RAMBUS INC's revenue compounded faster (16.8% 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.

Rambus Inc. is an American technology company that designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products. The company, founded in 1990, is well known for inventing RDRAM and for its intellectual property-based litigation following the introduction of DDR-SDRAM memory.

KRT vs RMBS — Head-to-Head

Bigger by revenue
RMBS
RMBS
1.6× larger
RMBS
$180.2M
$115.6M
KRT
Growing faster (revenue YoY)
KRT
KRT
+5.6% gap
KRT
13.7%
8.1%
RMBS
Higher net margin
RMBS
RMBS
27.4% more per $
RMBS
33.2%
5.9%
KRT
Faster 2-yr revenue CAGR
RMBS
RMBS
Annualised
RMBS
16.8%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KRT
KRT
RMBS
RMBS
Revenue
$115.6M
$180.2M
Net Profit
$6.8M
$59.9M
Gross Margin
34.0%
79.7%
Operating Margin
7.3%
34.3%
Net Margin
5.9%
33.2%
Revenue YoY
13.7%
8.1%
Net Profit YoY
21.3%
-7.3%
EPS (diluted)
$0.34
$0.55

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
RMBS
RMBS
Q1 26
$180.2M
Q4 25
$115.6M
$190.2M
Q3 25
$124.5M
$178.5M
Q2 25
$124.0M
$172.2M
Q1 25
$103.6M
$166.7M
Q4 24
$101.6M
$161.1M
Q3 24
$112.8M
$145.5M
Q2 24
$112.6M
$132.1M
Net Profit
KRT
KRT
RMBS
RMBS
Q1 26
$59.9M
Q4 25
$6.8M
$63.8M
Q3 25
$7.3M
$48.4M
Q2 25
$10.9M
$57.9M
Q1 25
$6.4M
$60.3M
Q4 24
$5.6M
$62.2M
Q3 24
$9.1M
$48.7M
Q2 24
$9.1M
$36.1M
Gross Margin
KRT
KRT
RMBS
RMBS
Q1 26
79.7%
Q4 25
34.0%
78.9%
Q3 25
34.5%
79.5%
Q2 25
39.6%
79.8%
Q1 25
39.3%
80.3%
Q4 24
39.2%
80.4%
Q3 24
38.6%
80.7%
Q2 24
38.5%
79.7%
Operating Margin
KRT
KRT
RMBS
RMBS
Q1 26
34.3%
Q4 25
7.3%
37.2%
Q3 25
6.9%
35.4%
Q2 25
13.3%
36.6%
Q1 25
7.5%
37.9%
Q4 24
7.2%
35.9%
Q3 24
10.0%
37.6%
Q2 24
9.9%
30.5%
Net Margin
KRT
KRT
RMBS
RMBS
Q1 26
33.2%
Q4 25
5.9%
33.6%
Q3 25
5.9%
27.1%
Q2 25
8.8%
33.6%
Q1 25
6.2%
36.2%
Q4 24
5.5%
38.6%
Q3 24
8.1%
33.4%
Q2 24
8.1%
27.3%
EPS (diluted)
KRT
KRT
RMBS
RMBS
Q1 26
$0.55
Q4 25
$0.34
$0.58
Q3 25
$0.36
$0.44
Q2 25
$0.54
$0.53
Q1 25
$0.32
$0.56
Q4 24
$0.28
$0.57
Q3 24
$0.45
$0.45
Q2 24
$0.45
$0.33

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
RMBS
RMBS
Cash + ST InvestmentsLiquidity on hand
$37.9M
$134.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$149.4M
Total Assets
$287.7M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
RMBS
RMBS
Q1 26
$134.3M
Q4 25
$37.9M
$182.8M
Q3 25
$44.0M
$79.2M
Q2 25
$57.0M
$87.8M
Q1 25
$56.3M
$132.2M
Q4 24
$59.9M
$99.8M
Q3 24
$60.4M
$114.0M
Q2 24
$52.1M
$124.6M
Stockholders' Equity
KRT
KRT
RMBS
RMBS
Q1 26
Q4 25
$149.4M
$1.4B
Q3 25
$154.5M
$1.3B
Q2 25
$155.8M
$1.2B
Q1 25
$153.3M
$1.2B
Q4 24
$155.6M
$1.1B
Q3 24
$157.3M
$1.0B
Q2 24
$157.7M
$1.0B
Total Assets
KRT
KRT
RMBS
RMBS
Q1 26
$1.5B
Q4 25
$287.7M
$1.5B
Q3 25
$302.8M
$1.4B
Q2 25
$321.0M
$1.5B
Q1 25
$312.2M
$1.4B
Q4 24
$294.5M
$1.3B
Q3 24
$306.8M
$1.3B
Q2 24
$310.7M
$1.3B

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
RMBS
RMBS
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
RMBS
RMBS
Q1 26
Q4 25
$15.4M
$99.8M
Q3 25
$982.0K
$88.4M
Q2 25
$9.8M
$94.4M
Q1 25
$7.7M
$77.4M
Q4 24
$8.3M
$59.0M
Q3 24
$19.5M
$62.1M
Q2 24
$13.7M
$70.4M
Free Cash Flow
KRT
KRT
RMBS
RMBS
Q1 26
Q4 25
$15.1M
$93.3M
Q3 25
$736.0K
$82.5M
Q2 25
$9.6M
$87.9M
Q1 25
$7.6M
$69.5M
Q4 24
$8.0M
$52.5M
Q3 24
$19.2M
$52.2M
Q2 24
$13.4M
$59.1M
FCF Margin
KRT
KRT
RMBS
RMBS
Q1 26
Q4 25
13.1%
49.0%
Q3 25
0.6%
46.2%
Q2 25
7.7%
51.0%
Q1 25
7.4%
41.7%
Q4 24
7.9%
32.6%
Q3 24
17.0%
35.9%
Q2 24
11.9%
44.7%
Capex Intensity
KRT
KRT
RMBS
RMBS
Q1 26
Q4 25
0.2%
3.4%
Q3 25
0.2%
3.3%
Q2 25
0.1%
3.8%
Q1 25
0.1%
4.7%
Q4 24
0.2%
4.0%
Q3 24
0.3%
6.8%
Q2 24
0.2%
8.6%
Cash Conversion
KRT
KRT
RMBS
RMBS
Q1 26
Q4 25
2.26×
1.56×
Q3 25
0.13×
1.83×
Q2 25
0.89×
1.63×
Q1 25
1.21×
1.28×
Q4 24
1.47×
0.95×
Q3 24
2.14×
1.28×
Q2 24
1.50×
1.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRT
KRT

Segment breakdown not available.

RMBS
RMBS

Product revenue$88.0M49%
Royalties$69.6M39%
Contract and other revenue$22.6M13%

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