vs

Side-by-side financial comparison of Karat Packaging Inc. (KRT) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $115.6M, roughly 1.4× Karat Packaging Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 5.9%, a 65.3% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 13.7%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M 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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

KRT vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.4× larger
STOK
$158.6M
$115.6M
KRT
Growing faster (revenue YoY)
STOK
STOK
+3647.4% gap
STOK
3661.1%
13.7%
KRT
Higher net margin
STOK
STOK
65.3% more per $
STOK
71.2%
5.9%
KRT
More free cash flow
STOK
STOK
$116.6M more FCF
STOK
$131.7M
$15.1M
KRT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
KRT
KRT
STOK
STOK
Revenue
$115.6M
$158.6M
Net Profit
$6.8M
$112.9M
Gross Margin
34.0%
Operating Margin
7.3%
70.2%
Net Margin
5.9%
71.2%
Revenue YoY
13.7%
3661.1%
Net Profit YoY
21.3%
528.0%
EPS (diluted)
$0.34
$1.90

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
STOK
STOK
Q4 25
$115.6M
Q3 25
$124.5M
Q2 25
$124.0M
Q1 25
$103.6M
$158.6M
Q4 24
$101.6M
$22.6M
Q3 24
$112.8M
Q2 24
$112.6M
Q1 24
$95.6M
Net Profit
KRT
KRT
STOK
STOK
Q4 25
$6.8M
Q3 25
$7.3M
Q2 25
$10.9M
Q1 25
$6.4M
$112.9M
Q4 24
$5.6M
$-10.5M
Q3 24
$9.1M
Q2 24
$9.1M
Q1 24
$6.2M
Gross Margin
KRT
KRT
STOK
STOK
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
STOK
STOK
Q4 25
7.3%
Q3 25
6.9%
Q2 25
13.3%
Q1 25
7.5%
70.2%
Q4 24
7.2%
-60.4%
Q3 24
10.0%
Q2 24
9.9%
Q1 24
8.4%
Net Margin
KRT
KRT
STOK
STOK
Q4 25
5.9%
Q3 25
5.9%
Q2 25
8.8%
Q1 25
6.2%
71.2%
Q4 24
5.5%
-46.4%
Q3 24
8.1%
Q2 24
8.1%
Q1 24
6.4%
EPS (diluted)
KRT
KRT
STOK
STOK
Q4 25
$0.34
Q3 25
$0.36
Q2 25
$0.54
Q1 25
$0.32
$1.90
Q4 24
$0.28
$-0.15
Q3 24
$0.45
Q2 24
$0.45
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$37.9M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$149.4M
$350.1M
Total Assets
$287.7M
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
STOK
STOK
Q4 25
$37.9M
Q3 25
$44.0M
Q2 25
$57.0M
Q1 25
$56.3M
$274.8M
Q4 24
$59.9M
$128.0M
Q3 24
$60.4M
Q2 24
$52.1M
Q1 24
$46.7M
Stockholders' Equity
KRT
KRT
STOK
STOK
Q4 25
$149.4M
Q3 25
$154.5M
Q2 25
$155.8M
Q1 25
$153.3M
$350.1M
Q4 24
$155.6M
$229.0M
Q3 24
$157.3M
Q2 24
$157.7M
Q1 24
$154.4M
Total Assets
KRT
KRT
STOK
STOK
Q4 25
$287.7M
Q3 25
$302.8M
Q2 25
$321.0M
Q1 25
$312.2M
$406.9M
Q4 24
$294.5M
$271.6M
Q3 24
$306.8M
Q2 24
$310.7M
Q1 24
$279.0M

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
STOK
STOK
Operating Cash FlowLast quarter
$15.4M
$131.8M
Free Cash FlowOCF − Capex
$15.1M
$131.7M
FCF MarginFCF / Revenue
13.1%
83.0%
Capex IntensityCapex / Revenue
0.2%
0.1%
Cash ConversionOCF / Net Profit
2.26×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$33.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
STOK
STOK
Q4 25
$15.4M
Q3 25
$982.0K
Q2 25
$9.8M
Q1 25
$7.7M
$131.8M
Q4 24
$8.3M
$-23.2M
Q3 24
$19.5M
Q2 24
$13.7M
Q1 24
$6.6M
Free Cash Flow
KRT
KRT
STOK
STOK
Q4 25
$15.1M
Q3 25
$736.0K
Q2 25
$9.6M
Q1 25
$7.6M
$131.7M
Q4 24
$8.0M
$-23.2M
Q3 24
$19.2M
Q2 24
$13.4M
Q1 24
$6.4M
FCF Margin
KRT
KRT
STOK
STOK
Q4 25
13.1%
Q3 25
0.6%
Q2 25
7.7%
Q1 25
7.4%
83.0%
Q4 24
7.9%
-102.7%
Q3 24
17.0%
Q2 24
11.9%
Q1 24
6.7%
Capex Intensity
KRT
KRT
STOK
STOK
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.2%
0.2%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
KRT
KRT
STOK
STOK
Q4 25
2.26×
Q3 25
0.13×
Q2 25
0.89×
Q1 25
1.21×
1.17×
Q4 24
1.47×
Q3 24
2.14×
Q2 24
1.50×
Q1 24
1.06×

Financial Flow Comparison

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

Related Comparisons