KRT
Karat Packaging Inc.
KRT has the edge over NIO overall, supported by stronger modeled upside and lower modeled downside.
NIO
NIO Inc.
NIO's outlook is improving, though it still trails on the overall score.
KRT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
KRT's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
KRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $32.05 | -9.3% |
| Current | 15x | $35.32 | — |
| Fair | 17x | $40.04 | +13% |
| Forward | 20x | $35.32 | — |
| Expensive | 21x | $49.58 | +40% |
Historical ranges are pointers, not guarantees.
KRT's PE is in its cheap range at 15x. On analysts' estimates for next year's earnings, today's price would be 20x, in its expensive range.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
KRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for KRT, with profitability improving.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
KRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.80 | -24% |
| Q3 2026 | $2.36 | +57% |
| Q2 2026 | $2.50 | +57% |
| Q1 2026 | $1.58 | +5.3% |
| Q4 2025 | $1.56 | +4.7% |
| Q3 2025 | $1.50 | +6.4% |
| Q2 2025 | $1.59 | +13% |
| Q1 2025 | $1.50 | +0.7% |
| Q4 2024 | $1.49 | -8.6% |
KRT has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
KRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $134.7M | +8.2% |
| Q2 2026 | $136.3M | +9.9% |
| Q1 2026 | $116.9M | +13% |
| Q4 2025 | $115.6M | +14% |
| Q3 2025 | $124.5M | +10% |
| Q2 2025 | $124M | +10% |
| Q1 2025 | $103.6M | +8.4% |
| Q4 2024 | $101.6M | +6.3% |
KRT's revenue has grown year over year for 10 quarters in a row: $135M last quarter, up 8.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | -3.3 points |
| Q2 2026 | 28% | +14 points |
| Q1 2026 | 7.2% | -0.3 points |
| Q4 2025 | 7.3% | +0.2 points |
| Q3 2025 | 6.9% | -3.1 points |
| Q2 2025 | 13% | +3.5 points |
| Q1 2025 | 7.5% | -0.9 points |
| Q4 2024 | 7.2% | +2.3 points |
KRT has the edge over NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO's revenue has grown year over year for seven quarters in a row: $4.8B last quarter, up 69% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
KRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | +1207% |
| Q2 2026 | $33.1M | +245% |
| Q1 2026 | $6.6M | -13% |
| Q4 2025 | $15.1M | +88% |
| Q3 2025 | $736K | -96% |
| Q2 2025 | $9.6M | -29% |
| Q1 2025 | $7.6M | +19% |
| Q4 2024 | $8M | -22% |
KRT generated $64M in free cash flow over the past year, up 148% from the year before.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
KRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +91.8K shares |
| 1 year | 0% | -2.4K shares |
| 3 years | +1% | +204K shares |
| 5 years | +1.6% | +318K shares |
| Available history | +5.7% | +1.1M shares |
KRT has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $11,000 |
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | — |
| Q3 2020 | $141,000 |
| Q2 2020 | $107,000 |
| Q1 2020 | — |
| Q4 2019 | — |
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
KRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
KRT has more cash than debt.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
KRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 33.7 | Neutral |
KRT's weekly RSI is 40 (neutral) and its Stochastic is 34 (neutral).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
KRT PE vs Consumer Cyclical Sector
| Metric | KRT | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 18x | 17% below |
| PE % | 31 | 53 | 22 pts below |
KRT is trading at 15x earnings, a 17% discount to the Consumer Cyclical sector's median of 18x.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
KRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.9 | 28% below |
| 20 week MA | $45.8 | 23% below |
| 50 week MA | $34.1 | 3.5% above |
| 100 week MA | $30.7 | 15% above |
| 200 week MA | $26.9 | 32% above |
KRT has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
KRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $18.1 | $19.7 | +8.4% |
| 2022 | $19.7 | $13.8 | -30% |
| 2023 | $13.8 | $24.9 | +81% |
| 2024 | $24.9 | $30.0 | +21% |
| 2025 | $30.0 | $22.8 | -24% |
| 2026 YTD | $22.8 | $35.3 | +55% |
KRT has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.