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

Karat Packaging Inc. is the larger business by last-quarter revenue ($115.6M vs $76.2M, roughly 1.5× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs 5.9%, a 1.5% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 13.7%). Karat Packaging Inc. produced more free cash flow last quarter ($15.1M vs $9.7M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

KRT vs VMD — Head-to-Head

Bigger by revenue
KRT
KRT
1.5× larger
KRT
$115.6M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+11.8% gap
VMD
25.5%
13.7%
KRT
Higher net margin
VMD
VMD
1.5% more per $
VMD
7.4%
5.9%
KRT
More free cash flow
KRT
KRT
$5.4M more FCF
KRT
$15.1M
$9.7M
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
10.0%
KRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRT
KRT
VMD
VMD
Revenue
$115.6M
$76.2M
Net Profit
$6.8M
$5.6M
Gross Margin
34.0%
57.9%
Operating Margin
7.3%
11.0%
Net Margin
5.9%
7.4%
Revenue YoY
13.7%
25.5%
Net Profit YoY
21.3%
30.7%
EPS (diluted)
$0.34
$0.14

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
VMD
VMD
Q4 25
$115.6M
$76.2M
Q3 25
$124.5M
$71.9M
Q2 25
$124.0M
$63.1M
Q1 25
$103.6M
$59.1M
Q4 24
$101.6M
$60.7M
Q3 24
$112.8M
$58.0M
Q2 24
$112.6M
$55.0M
Q1 24
$95.6M
$50.6M
Net Profit
KRT
KRT
VMD
VMD
Q4 25
$6.8M
$5.6M
Q3 25
$7.3M
$3.5M
Q2 25
$10.9M
$3.2M
Q1 25
$6.4M
$2.6M
Q4 24
$5.6M
$4.3M
Q3 24
$9.1M
$3.9M
Q2 24
$9.1M
$1.5M
Q1 24
$6.2M
$1.6M
Gross Margin
KRT
KRT
VMD
VMD
Q4 25
34.0%
57.9%
Q3 25
34.5%
57.5%
Q2 25
39.6%
58.3%
Q1 25
39.3%
56.3%
Q4 24
39.2%
59.5%
Q3 24
38.6%
59.3%
Q2 24
38.5%
59.8%
Q1 24
39.3%
58.9%
Operating Margin
KRT
KRT
VMD
VMD
Q4 25
7.3%
11.0%
Q3 25
6.9%
7.8%
Q2 25
13.3%
8.1%
Q1 25
7.5%
6.5%
Q4 24
7.2%
10.6%
Q3 24
10.0%
9.7%
Q2 24
9.9%
6.6%
Q1 24
8.4%
4.4%
Net Margin
KRT
KRT
VMD
VMD
Q4 25
5.9%
7.4%
Q3 25
5.9%
4.9%
Q2 25
8.8%
5.0%
Q1 25
6.2%
4.4%
Q4 24
5.5%
7.1%
Q3 24
8.1%
6.7%
Q2 24
8.1%
2.7%
Q1 24
6.4%
3.2%
EPS (diluted)
KRT
KRT
VMD
VMD
Q4 25
$0.34
$0.14
Q3 25
$0.36
$0.09
Q2 25
$0.54
$0.08
Q1 25
$0.32
$0.06
Q4 24
$0.28
$0.10
Q3 24
$0.45
$0.10
Q2 24
$0.45
$0.04
Q1 24
$0.31
$0.04

Balance Sheet & Financial Strength

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

Metric
KRT
KRT
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$37.9M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$149.4M
$141.5M
Total Assets
$287.7M
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRT
KRT
VMD
VMD
Q4 25
$37.9M
$13.5M
Q3 25
$44.0M
$11.1M
Q2 25
$57.0M
$20.0M
Q1 25
$56.3M
$10.2M
Q4 24
$59.9M
$17.5M
Q3 24
$60.4M
$11.3M
Q2 24
$52.1M
$8.8M
Q1 24
$46.7M
$7.3M
Stockholders' Equity
KRT
KRT
VMD
VMD
Q4 25
$149.4M
$141.5M
Q3 25
$154.5M
$133.6M
Q2 25
$155.8M
$139.7M
Q1 25
$153.3M
$134.8M
Q4 24
$155.6M
$131.4M
Q3 24
$157.3M
$125.0M
Q2 24
$157.7M
$119.4M
Q1 24
$154.4M
$116.3M
Total Assets
KRT
KRT
VMD
VMD
Q4 25
$287.7M
$199.2M
Q3 25
$302.8M
$202.4M
Q2 25
$321.0M
$184.6M
Q1 25
$312.2M
$178.1M
Q4 24
$294.5M
$177.1M
Q3 24
$306.8M
$169.5M
Q2 24
$310.7M
$163.9M
Q1 24
$279.0M
$154.9M

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
VMD
VMD
Operating Cash FlowLast quarter
$15.4M
$18.4M
Free Cash FlowOCF − Capex
$15.1M
$9.7M
FCF MarginFCF / Revenue
13.1%
12.7%
Capex IntensityCapex / Revenue
0.2%
11.5%
Cash ConversionOCF / Net Profit
2.26×
3.27×
TTM Free Cash FlowTrailing 4 quarters
$33.1M
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRT
KRT
VMD
VMD
Q4 25
$15.4M
$18.4M
Q3 25
$982.0K
$18.4M
Q2 25
$9.8M
$12.3M
Q1 25
$7.7M
$2.9M
Q4 24
$8.3M
$15.0M
Q3 24
$19.5M
$12.7M
Q2 24
$13.7M
$10.2M
Q1 24
$6.6M
$1.2M
Free Cash Flow
KRT
KRT
VMD
VMD
Q4 25
$15.1M
$9.7M
Q3 25
$736.0K
$10.7M
Q2 25
$9.6M
$4.1M
Q1 25
$7.6M
$-12.6M
Q4 24
$8.0M
$3.2M
Q3 24
$19.2M
$1.7M
Q2 24
$13.4M
$1.2M
Q1 24
$6.4M
$-4.8M
FCF Margin
KRT
KRT
VMD
VMD
Q4 25
13.1%
12.7%
Q3 25
0.6%
14.9%
Q2 25
7.7%
6.5%
Q1 25
7.4%
-21.4%
Q4 24
7.9%
5.2%
Q3 24
17.0%
3.0%
Q2 24
11.9%
2.3%
Q1 24
6.7%
-9.5%
Capex Intensity
KRT
KRT
VMD
VMD
Q4 25
0.2%
11.5%
Q3 25
0.2%
10.6%
Q2 25
0.1%
12.9%
Q1 25
0.1%
26.2%
Q4 24
0.2%
19.5%
Q3 24
0.3%
19.0%
Q2 24
0.2%
16.3%
Q1 24
0.2%
11.9%
Cash Conversion
KRT
KRT
VMD
VMD
Q4 25
2.26×
3.27×
Q3 25
0.13×
5.23×
Q2 25
0.89×
3.88×
Q1 25
1.21×
1.09×
Q4 24
1.47×
3.47×
Q3 24
2.14×
3.29×
Q2 24
1.50×
6.94×
Q1 24
1.06×
0.73×

Financial Flow Comparison

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

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