Karat Packaging Inc.
KRT Nasdaq· Plastics Products, Nec
Last close · Oct 26, 2026
$54.35
KIRA · Stoqly’s AI analyst, in plain words
- Karat Packaging Inc. had $468M of revenue in fiscal 2025, up 10.7% on the year before. Over five years, revenue changed +9.6% a year on average.
- Its operating margin was 8.9%, down 0.1 pts: of every 100 in sales, about 9 is left after running the business.
- Karat Packaging Inc. made $31.5M of net profit in fiscal 2025. From fiscal 2020 to 2025, diluted EPS grew 6.7% a year.
- Free cash flow was $33.1M in fiscal 2025, 7.1% of revenue.
- Karat Packaging Inc. returned $39.1M to shareholders in fiscal 2025, 118% of free cash flow. The diluted share count rose 0.3%.
- Karat Packaging Inc. has $24.9M more cash than debt.
Market cap
$1.1B
P/E
21.7x
Revenue
$468M
Net income
$31.5M
Free cash flow
$33.1M
Operating margin
8.9%
Karat Packaging Inc. in 30 seconds · fiscal 2025
Are sales growing?
+10.7%
Yes. Sales grew 10.7% last year.
Does it make a profit?
6.7%
A little. It keeps 6.7% of every sale as profit.
Does profit turn into cash?
7.1%
Partly. 7.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
21.7x
One share costs 21.7 times its yearly profit per share.
What Karat Packaging Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Legal name
- Karat Packaging Inc.
- CIK
- 0001758021
Karat Packaging Inc. · KRT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $364M | $423M | $406M | $423M | $468M |
| Revenue growth | 23.3% | 16.1% | −4.1% | 4.2% | 10.7% |
| Gross margin | 29.6% | 31.2% | 37.7% | 38.9% | 36.8% |
| Operating margin | 6.4% | 7.1% | 10.4% | 8.9% | 8.9% |
| Net income | $20.8M | $23.6M | $32.5M | $30.0M | $31.5M |
| Net margin | 5.7% | 5.6% | 8.0% | 7.1% | 6.7% |
| Diluted EPS | $1.12 | $1.19 | $1.63 | $1.49 | $1.56 |
| Cash | |||||
| Cash from operations | $8.7M | $29.5M | $53.4M | $48.0M | $33.8M |
| Capital expenditure | $4.2M | $2.7M | $2.8M | $0.9M | $0.8M |
| Free cash flow | $4.5M | $26.8M | $50.5M | $47.0M | $33.1M |
| FCF margin | 1.2% | 6.3% | 12.5% | 11.1% | 7.1% |
| Dividends paid | $0.0M | $7.0M | $20.9M | $31.0M | $36.1M |
| Share buybacks | $0.0M | — | — | $0.0M | $3.0M |
| Share count change | 20.2% | 7.3% | 0.3% | 0.7% | 0.3% |
| Debt and strength | |||||
| Cash and short-term investments | $6.5M | $16.0M | $49.4M | $59.9M | $37.9M |
| Debt incl. finance leases | $1.4M | $1.2M | $1.3M | $1.2M | $12.9M |
| Shareholders' equity | $123M | $142M | $154M | $156M | $149M |
| Net debt / EBITDA | −0.2x | −0.4x | −0.9x | −1.2x | −0.5x |
| Current ratio | 3.3x | 3.2x | 3.5x | 3.5x | 2.3x |
| Interest coverage | 8.0x | 14.9x | 20.6x | 17.8x | 20.2x |
| Returns and quality | |||||
| Return on capital | 16.0% | 18.8% | 30.6% | 29.5% | 25.3% |
| Return on equity | 26.8% | 17.9% | 22.0% | 19.4% | 20.6% |
| Return on tangible equity | 17.5% | 17.2% | 21.6% | 19.8% | 21.6% |
| Piotroski F-score | 6 | 5 | 6 | 5 | 5 |
| Altman Z'' | 5.4 | 5.2 | 5.9 | 5.4 | 4.9 |
Insiders bought, 12 months
$0.0M
1 insider
Insiders sold, 12 months
$0.6M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Karat Packaging Inc. · KRT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $54.35 a share, the company is worth $1.1B: 21.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001758021). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.