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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and Sabra Health Care REIT, Inc. (SBRA). Click either name above to swap in a different company.

Sabra Health Care REIT, Inc. is the larger business by last-quarter revenue ($221.8M vs $115.6M, roughly 1.9× Karat Packaging Inc.). Sabra Health Care REIT, Inc. runs the higher net margin — 18.4% vs 5.9%, a 12.5% gap on every dollar of revenue. On growth, Sabra Health Care REIT, Inc. posted the faster year-over-year revenue change (20.8% vs 13.7%). Over the past eight quarters, Sabra Health Care REIT, Inc.'s revenue compounded faster (12.2% 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.

Sabra Health Care REIT, Inc. is a specialized real estate investment trust that owns, manages, and invests in a diverse portfolio of healthcare real estate assets. Its core holdings include senior housing facilities, skilled nursing centers, specialty hospital properties, and medical office buildings across the United States, serving key segments of the growing senior care and healthcare delivery markets.

KRT vs SBRA — Head-to-Head

Bigger by revenue
SBRA
SBRA
1.9× larger
SBRA
$221.8M
$115.6M
KRT
Growing faster (revenue YoY)
SBRA
SBRA
+7.1% gap
SBRA
20.8%
13.7%
KRT
Higher net margin
SBRA
SBRA
12.5% more per $
SBRA
18.4%
5.9%
KRT
Faster 2-yr revenue CAGR
SBRA
SBRA
Annualised
SBRA
12.2%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KRT
KRT
SBRA
SBRA
Revenue
$115.6M
$221.8M
Net Profit
$6.8M
$40.8M
Gross Margin
34.0%
Operating Margin
7.3%
Net Margin
5.9%
18.4%
Revenue YoY
13.7%
20.8%
Net Profit YoY
21.3%
1.3%
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
SBRA
SBRA
Q1 26
$221.8M
Q4 25
$115.6M
$211.9M
Q3 25
$124.5M
$190.0M
Q2 25
$124.0M
$189.2M
Q1 25
$103.6M
$183.5M
Q4 24
$101.6M
$182.3M
Q3 24
$112.8M
$178.0M
Q2 24
$112.6M
$176.1M
Net Profit
KRT
KRT
SBRA
SBRA
Q1 26
$40.8M
Q4 25
$6.8M
$27.2M
Q3 25
$7.3M
$22.5M
Q2 25
$10.9M
$65.5M
Q1 25
$6.4M
$40.3M
Q4 24
$5.6M
$46.7M
Q3 24
$9.1M
$29.8M
Q2 24
$9.1M
$24.0M
Gross Margin
KRT
KRT
SBRA
SBRA
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
SBRA
SBRA
Q1 26
Q4 25
7.3%
12.3%
Q3 25
6.9%
11.4%
Q2 25
13.3%
34.5%
Q1 25
7.5%
22.1%
Q4 24
7.2%
25.9%
Q3 24
10.0%
16.5%
Q2 24
9.9%
13.8%
Net Margin
KRT
KRT
SBRA
SBRA
Q1 26
18.4%
Q4 25
5.9%
12.8%
Q3 25
5.9%
11.9%
Q2 25
8.8%
34.7%
Q1 25
6.2%
22.0%
Q4 24
5.5%
25.6%
Q3 24
8.1%
16.7%
Q2 24
8.1%
13.6%
EPS (diluted)
KRT
KRT
SBRA
SBRA
Q1 26
Q4 25
$0.34
$0.11
Q3 25
$0.36
$0.09
Q2 25
$0.54
$0.27
Q1 25
$0.32
$0.17
Q4 24
$0.28
$0.20
Q3 24
$0.45
$0.13
Q2 24
$0.45
$0.10

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
SBRA
SBRA
Cash + ST InvestmentsLiquidity on hand
$37.9M
$116.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$149.4M
$2.8B
Total Assets
$287.7M
$5.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
SBRA
SBRA
Q1 26
$116.5M
Q4 25
$37.9M
$71.5M
Q3 25
$44.0M
$200.6M
Q2 25
$57.0M
$95.2M
Q1 25
$56.3M
$22.7M
Q4 24
$59.9M
$60.5M
Q3 24
$60.4M
$63.0M
Q2 24
$52.1M
$36.4M
Total Debt
KRT
KRT
SBRA
SBRA
Q1 26
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.5B
Q2 24
$2.4B
Stockholders' Equity
KRT
KRT
SBRA
SBRA
Q1 26
$2.8B
Q4 25
$149.4M
$2.8B
Q3 25
$154.5M
$2.8B
Q2 25
$155.8M
$2.7B
Q1 25
$153.3M
$2.7B
Q4 24
$155.6M
$2.7B
Q3 24
$157.3M
$2.7B
Q2 24
$157.7M
$2.8B
Total Assets
KRT
KRT
SBRA
SBRA
Q1 26
$5.6B
Q4 25
$287.7M
$5.5B
Q3 25
$302.8M
$5.6B
Q2 25
$321.0M
$5.3B
Q1 25
$312.2M
$5.2B
Q4 24
$294.5M
$5.3B
Q3 24
$306.8M
$5.4B
Q2 24
$310.7M
$5.4B
Debt / Equity
KRT
KRT
SBRA
SBRA
Q1 26
Q4 25
0.90×
Q3 25
0.92×
Q2 25
0.91×
Q1 25
0.89×
Q4 24
0.88×
Q3 24
0.90×
Q2 24
0.89×

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
SBRA
SBRA
Operating Cash FlowLast quarter
$15.4M
$98.4M
Free Cash FlowOCF − Capex
$15.1M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
2.26×
2.41×
TTM Free Cash FlowTrailing 4 quarters
$33.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
SBRA
SBRA
Q1 26
$98.4M
Q4 25
$15.4M
$348.6M
Q3 25
$982.0K
$100.0M
Q2 25
$9.8M
$81.0M
Q1 25
$7.7M
$80.3M
Q4 24
$8.3M
$310.5M
Q3 24
$19.5M
$97.7M
Q2 24
$13.7M
$80.1M
Free Cash Flow
KRT
KRT
SBRA
SBRA
Q1 26
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
FCF Margin
KRT
KRT
SBRA
SBRA
Q1 26
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%
Capex Intensity
KRT
KRT
SBRA
SBRA
Q1 26
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%
Cash Conversion
KRT
KRT
SBRA
SBRA
Q1 26
2.41×
Q4 25
2.26×
12.80×
Q3 25
0.13×
4.44×
Q2 25
0.89×
1.24×
Q1 25
1.21×
1.99×
Q4 24
1.47×
6.65×
Q3 24
2.14×
3.28×
Q2 24
1.50×
3.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRT
KRT

Segment breakdown not available.

SBRA
SBRA

Resident fees and services$116.7M53%
Rental and related revenues (1)$95.0M43%
Other$10.0M5%

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