KRT

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Karat Packaging Inc.

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Key Metrics

Previous Close: $48.17
52-Week Range: $20.61 – $50.81
Market Cap: $948.15M
P/E (TTM): 19.03
EPS (TTM): 2.50
Dividend Yield: 3.91%

Advanced Metrics

Price/Book: 5.69
PEG Ratio: —
Return on Equity: 30.62%
Return on Assets: 7.29%
Gross Margin: 35.50%
Operating Margin: 8.71%
Profit Margin: 10.18%
Current Ratio: 2.25
Debt/Equity: 0.42
Total Debt: $72.72M
Free Cash Flow: $31.30M
Revenue Growth: 9.90%
Earnings Growth: 170.40%
Enterprise Value: $974.53M

KRT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$422.96M	$405.65M	$422.63M	$467.74M
Cost of Revenue	$290.87M	$252.61M	$258.30M	$295.61M
Gross Profit	$132.09M	$153.04M	$164.33M	$172.14M
Selling, General & Admin	$102.10M	$104.46M	$119.55M	$126.62M
Operating Expenses	$102.10M	$108.44M	$123.82M	$131.22M
Operating Income	$29.98M	$44.60M	$40.51M	$40.92M
EBITDA	$48.76M	$60.78M	$47.08M	$49.67M
Pretax Income	$32.51M	$42.98M	$40.70M	$43.02M
Income Tax	$6.68M	$9.80M	$9.87M	$10.36M
Net Income	$23.65M	$32.47M	$29.98M	$31.48M
Diluted EPS	1.19	1.63	1.49	1.56
Diluted Shares	19.93M	19.98M	20.12M	20.18M

KRT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$16.04M	$23.08M	$31.58M	$37.88M
Receivables	$29.91M	$27.76M	$26.74M	—
Inventory	$71.21M	$71.53M	$70.72M	$81.68M
Current Assets	$123.80M	$154.93M	$161.00M	$161.19M
Total Assets	$252.18M	$276.40M	$294.52M	$287.69M
Current Liabilities	$39.25M	$44.40M	$46.45M	$70.22M
Long-Term Debt	$41.56M	$48.40M	$47.28M	—
Total Debt	$58.65M	$71.00M	$44.41M	$44.06M
Total Liabilities	$100.24M	$113.71M	$294.52M	$287.69M
Retained Earnings	$56.12M	$67.68M	$66.34M	$61.70M
Shareholders' Equity	$141.68M	$154.12M	$156.04M	$152.64M
Working Capital	$84.55M	$110.53M	$114.55M	$90.97M
Net Debt	$26.47M	$26.44M	$16.87M	—

KRT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$29.47M	$53.38M	$47.98M	$33.81M
Capital Expenditure	-$14.75M	-$9.33M	-$4.07M	-$4.50M
Free Cash Flow	$14.73M	$44.05M	$43.91M	$29.31M
Depreciation & Amortisation	$14.23M	$15.75M	$18.30M	—
Stock-Based Compensation	$2.05M	$770.00K	$2.06M	$1.18M
Investing Cash Flow	-$17.84M	-$30.17M	-$5.86M	$25.40M
Financing Cash Flow	-$2.07M	-$16.17M	-$33.62M	-$52.92M
Dividends Paid	-$6.96M	-$20.91M	-$31.02M	—
Share Repurchases	—	—	$0.00	-$3.00M
Net Change in Cash	$9.56M	$7.04M	$8.51M	$6.30M

KRT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$103.62M	$123.99M	$124.52M	$115.62M	$116.95M
Cost of Revenue	$62.86M	$74.88M	$81.60M	$76.27M	$75.42M
Gross Profit	$40.76M	$49.11M	$42.92M	$39.35M	$41.53M
Selling, General & Admin	$31.83M	$32.84M	$33.57M	$29.53M	$31.89M
Operating Expenses	$32.96M	$32.84M	$34.75M	$30.67M	$33.06M
Operating Income	$7.80M	$16.27M	$8.17M	$8.68M	$8.46M
EBITDA	$14.39M	$20.36M	$15.87M	$11.29M	$15.24M
Pretax Income	$8.94M	$14.51M	$9.91M	$9.67M	$9.38M
Income Tax	$2.12M	$3.46M	$2.30M	$2.47M	$2.24M
Net Income	$6.41M	$10.93M	$7.33M	$6.81M	$6.74M
Diluted EPS	0.32	0.54	0.36	0.34	0.34
Diluted Shares	20.20M	20.19M	20.20M	20.12M	20.07M

KRT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$32.47M	$30.55M	$24.02M	$37.88M	$28.68M
Receivables	$32.40M	$36.38M	$37.87M	—	$42.27M
Inventory	$79.91M	$88.78M	$84.13M	$81.68M	$80.01M
Current Assets	$171.98M	$186.25M	$170.68M	$161.19M	$161.04M
Total Assets	$312.22M	$320.96M	$302.84M	$287.69M	$282.68M
Current Liabilities	$60.08M	$69.50M	$79.60M	$70.22M	$70.35M
Long-Term Debt	$46.99M	$46.70M	$23.03M	—	$22.69M
Total Debt	$100.71M	$98.13M	$92.03M	$44.06M	$76.55M
Total Liabilities	$152.00M	$158.26M	$141.25M	$287.69M	$127.51M
Retained Earnings	$63.73M	$65.63M	$63.91M	$61.70M	$59.46M
Shareholders' Equity	$153.31M	$155.85M	$154.48M	$152.64M	$147.45M
Working Capital	$111.90M	$116.75M	$91.08M	$90.97M	$90.69M
Net Debt	$15.71M	$17.36M	$21.11M	—	$6.72M

KRT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$7.73M	$9.75M	$982.00K	$15.36M	$7.19M
Capital Expenditure	-$1.10M	-$167.00K	-$2.50M	-$741.00K	-$898.00K
Free Cash Flow	$6.63M	$9.58M	-$1.52M	$14.62M	$6.29M
Depreciation & Amortisation	$4.94M	$5.32M	$5.43M	—	$5.45M
Stock-Based Compensation	$346.00K	$445.00K	$253.00K	$138.00K	$242.00K
Investing Cash Flow	$3.53M	-$2.37M	$4.28M	$19.95M	-$6.88M
Financing Cash Flow	-$10.37M	-$9.30M	-$11.79M	-$21.45M	-$9.51M
Dividends Paid	-$9.02M	-$9.03M	-$9.04M	—	-$8.98M
Net Change in Cash	$889.00K	-$1.92M	-$6.53M	$13.86M	-$9.20M

Market Snapshot

About

Karat Packaging is a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items. The company supplies restaurants, quick-service chains, convenience stores, and food distributors with cups, lids, straws, containers, cutlery, and other packaging solutions. Karat emphasizes sustainable materials and innovative designs to meet the evolving needs of the foodservice industry.