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Side-by-side financial comparison of Karat Packaging Inc. (KRT) and SONIDA SENIOR LIVING, INC. (SNDA). Click either name above to swap in a different company.

Karat Packaging Inc. is the larger business by last-quarter revenue ($115.6M vs $97.7M, roughly 1.2× SONIDA SENIOR LIVING, INC.). Karat Packaging Inc. runs the higher net margin — 5.9% vs -30.5%, a 36.4% gap on every dollar of revenue. On growth, Karat Packaging Inc. posted the faster year-over-year revenue change (13.7% vs 6.2%). Karat Packaging Inc. produced more free cash flow last quarter ($15.1M vs $-9.3M). Over the past eight quarters, SONIDA SENIOR LIVING, INC.'s revenue compounded faster (20.3% 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.

Sonida Senior Living, Inc. is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company and its predecessors have provided senior housing since 1990. As of June 1, 2025, the company operated 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,000+ residents, including 83 senior housing communities that the company owns and 13 communities that the company manages on behalf of third ...

KRT vs SNDA — Head-to-Head

Bigger by revenue
KRT
KRT
1.2× larger
KRT
$115.6M
$97.7M
SNDA
Growing faster (revenue YoY)
KRT
KRT
+7.5% gap
KRT
13.7%
6.2%
SNDA
Higher net margin
KRT
KRT
36.4% more per $
KRT
5.9%
-30.5%
SNDA
More free cash flow
KRT
KRT
$24.4M more FCF
KRT
$15.1M
$-9.3M
SNDA
Faster 2-yr revenue CAGR
SNDA
SNDA
Annualised
SNDA
20.3%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRT
KRT
SNDA
SNDA
Revenue
$115.6M
$97.7M
Net Profit
$6.8M
$-29.8M
Gross Margin
34.0%
Operating Margin
7.3%
-30.8%
Net Margin
5.9%
-30.5%
Revenue YoY
13.7%
6.2%
Net Profit YoY
21.3%
-441.0%
EPS (diluted)
$0.34
$-1.73

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
SNDA
SNDA
Q4 25
$115.6M
$97.7M
Q3 25
$124.5M
$98.0M
Q2 25
$124.0M
$93.5M
Q1 25
$103.6M
$91.9M
Q4 24
$101.6M
$91.9M
Q3 24
$112.8M
$74.8M
Q2 24
$112.6M
$70.2M
Q1 24
$95.6M
$67.4M
Net Profit
KRT
KRT
SNDA
SNDA
Q4 25
$6.8M
$-29.8M
Q3 25
$7.3M
$-26.9M
Q2 25
$10.9M
$-1.6M
Q1 25
$6.4M
$-12.5M
Q4 24
$5.6M
$-5.5M
Q3 24
$9.1M
$-13.8M
Q2 24
$9.1M
$-9.8M
Q1 24
$6.2M
$27.0M
Gross Margin
KRT
KRT
SNDA
SNDA
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%
Q1 24
39.3%
Operating Margin
KRT
KRT
SNDA
SNDA
Q4 25
7.3%
-30.8%
Q3 25
6.9%
-27.8%
Q2 25
13.3%
-2.0%
Q1 25
7.5%
21.9%
Q4 24
7.2%
-6.7%
Q3 24
10.0%
-19.0%
Q2 24
9.9%
-13.9%
Q1 24
8.4%
22.1%
Net Margin
KRT
KRT
SNDA
SNDA
Q4 25
5.9%
-30.5%
Q3 25
5.9%
-27.4%
Q2 25
8.8%
-1.7%
Q1 25
6.2%
-13.6%
Q4 24
5.5%
-6.0%
Q3 24
8.1%
-18.4%
Q2 24
8.1%
-14.0%
Q1 24
6.4%
40.1%
EPS (diluted)
KRT
KRT
SNDA
SNDA
Q4 25
$0.34
$-1.73
Q3 25
$0.36
$-1.56
Q2 25
$0.54
$-0.16
Q1 25
$0.32
$-0.77
Q4 24
$0.28
$-0.86
Q3 24
$0.45
$-0.98
Q2 24
$0.45
$-0.86
Q1 24
$0.31
$2.16

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
SNDA
SNDA
Cash + ST InvestmentsLiquidity on hand
$37.9M
$11.0M
Total DebtLower is stronger
$689.7M
Stockholders' EquityBook value
$149.4M
$-11.0K
Total Assets
$287.7M
$844.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
SNDA
SNDA
Q4 25
$37.9M
$11.0M
Q3 25
$44.0M
$17.0M
Q2 25
$57.0M
$14.1M
Q1 25
$56.3M
$14.0M
Q4 24
$59.9M
$17.0M
Q3 24
$60.4M
$24.9M
Q2 24
$52.1M
$9.5M
Q1 24
$46.7M
$24.2M
Total Debt
KRT
KRT
SNDA
SNDA
Q4 25
$689.7M
Q3 25
$684.4M
Q2 25
$677.9M
Q1 25
$650.9M
Q4 24
$651.4M
Q3 24
$604.1M
Q2 24
$583.8M
Q1 24
$578.1M
Stockholders' Equity
KRT
KRT
SNDA
SNDA
Q4 25
$149.4M
$-11.0K
Q3 25
$154.5M
$29.8M
Q2 25
$155.8M
$56.7M
Q1 25
$153.3M
$58.8M
Q4 24
$155.6M
$71.8M
Q3 24
$157.3M
$77.5M
Q2 24
$157.7M
$-34.1M
Q1 24
$154.4M
$-41.4M
Total Assets
KRT
KRT
SNDA
SNDA
Q4 25
$287.7M
$844.8M
Q3 25
$302.8M
$854.8M
Q2 25
$321.0M
$849.8M
Q1 25
$312.2M
$824.5M
Q4 24
$294.5M
$841.9M
Q3 24
$306.8M
$796.2M
Q2 24
$310.7M
$652.2M
Q1 24
$279.0M
$636.3M
Debt / Equity
KRT
KRT
SNDA
SNDA
Q4 25
Q3 25
22.99×
Q2 25
11.96×
Q1 25
11.08×
Q4 24
9.07×
Q3 24
7.79×
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
SNDA
SNDA
Operating Cash FlowLast quarter
$15.4M
$-400.0K
Free Cash FlowOCF − Capex
$15.1M
$-9.3M
FCF MarginFCF / Revenue
13.1%
-9.5%
Capex IntensityCapex / Revenue
0.2%
9.1%
Cash ConversionOCF / Net Profit
2.26×
TTM Free Cash FlowTrailing 4 quarters
$33.1M
$-8.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
SNDA
SNDA
Q4 25
$15.4M
$-400.0K
Q3 25
$982.0K
$12.0M
Q2 25
$9.8M
$8.9M
Q1 25
$7.7M
$3.8M
Q4 24
$8.3M
$-3.1M
Q3 24
$19.5M
$3.0M
Q2 24
$13.7M
$2.5M
Q1 24
$6.6M
$-4.1M
Free Cash Flow
KRT
KRT
SNDA
SNDA
Q4 25
$15.1M
$-9.3M
Q3 25
$736.0K
$3.0M
Q2 25
$9.6M
$1.9M
Q1 25
$7.6M
$-4.5M
Q4 24
$8.0M
$-10.4M
Q3 24
$19.2M
$-5.1M
Q2 24
$13.4M
$-1.7M
Q1 24
$6.4M
$-9.9M
FCF Margin
KRT
KRT
SNDA
SNDA
Q4 25
13.1%
-9.5%
Q3 25
0.6%
3.0%
Q2 25
7.7%
2.1%
Q1 25
7.4%
-4.9%
Q4 24
7.9%
-11.3%
Q3 24
17.0%
-6.8%
Q2 24
11.9%
-2.4%
Q1 24
6.7%
-14.6%
Capex Intensity
KRT
KRT
SNDA
SNDA
Q4 25
0.2%
9.1%
Q3 25
0.2%
9.2%
Q2 25
0.1%
7.5%
Q1 25
0.1%
9.1%
Q4 24
0.2%
7.9%
Q3 24
0.3%
10.8%
Q2 24
0.2%
5.9%
Q1 24
0.2%
8.5%
Cash Conversion
KRT
KRT
SNDA
SNDA
Q4 25
2.26×
Q3 25
0.13×
Q2 25
0.89×
Q1 25
1.21×
Q4 24
1.47×
Q3 24
2.14×
Q2 24
1.50×
Q1 24
1.06×
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRT
KRT

Segment breakdown not available.

SNDA
SNDA

Health Care Resident Service$86.3M88%
Community Reimbursement Revenue$10.3M11%
Management Service$1.1M1%

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