Karat Packaging Inc. (KRT) vs TriMas Corporation (TRS)

Karat Packaging Inc. and TriMas Corporation are both Packaging & Containers companies. TriMas Corporation is the larger, with a market value of $1.4B against $1.0B — 1.3× the size. TriMas Corporation trades at the lower P/E: 1.6× against 20.5×. Karat Packaging Inc. grew revenue faster over the last twelve months: 11.6% against −5.54%. TriMas Corporation has the higher net margin (136.3% vs 10.2%) and the lower return on invested capital (−0.77% vs 25.5%). Both pay a dividend; Karat Packaging Inc. yields more (3.54% vs 0.42%). Across the 22 metrics below, Karat Packaging Inc. leads on 11 and TriMas Corporation on 11.

Valuation

Metric KRT TRS Packaging & Containers median
P/E 20.50 1.57 20.50
P/S 2.08 2.04 0.84
P/B 5.89 0.94 1.81
Price to free cash flow 19.67 n/m 13.39
EV/EBITDA 11.83 10.93 9.53
EV/Sales 2.04 0.77 1.39
Earnings yield 4.88% 63.55% 2.89%
Free cash flow yield 5.09% (0.84%) 5.42%

Profitability

Metric KRT TRS Packaging & Containers median
Gross margin 40.73% 25.74% 20.09%
Operating margin 12.79% (1.10%) 6.42%
Net margin 10.18% 136.25% 3.43%
Free cash flow margin 10.58% (1.71%) 4.78%
Return on equity 29.80% 83.90% 2.28%
Return on assets 15.74% 49.05% 1.04%
Return on invested capital 25.49% (0.77%) 4.57%

Growth

Metric KRT TRS Packaging & Containers median
Revenue growth (TTM) 11.62% (5.54%) 4.05%
EPS growth (last fiscal year) 4.70% 400.00% 0.69%
Revenue growth, 5-year CAGR 9.62% (3.46%) 5.66%
Net income growth, 5-year CAGR 12.44% 0.00% 0.00%

Health

Metric KRT TRS Packaging & Containers median
Debt to equity 0.20 0.28 0.79
Current ratio 2.25 5.44 1.29
Net debt to EBITDA (0.03) 4.42 2.59

Dividend

Metric KRT TRS Packaging & Containers median
Dividend yield 3.54% 0.42% 3.38%
Payout ratio 0.73 0.01 0.60

Size

Metric KRT TRS Packaging & Containers median
Market cap 1.03b 1.35b 3.71b

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