Karat Packaging Inc. (KRT)

NASDAQ: KRT · Real-Time Price · USD

38.20

+1.69 (4.62%)

At close: Nov 10, 2026, 4:00 PM EST

37.79

-0.41 (-1.06%)

After-hours: Nov 10, 2026, 7:30 PM EST

Karat Packaging Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	503.61	467.74	422.63	405.65	422.96	364.24
Revenue Growth	10.98%	10.67%	4.19%	-4.09%	16.12%	23.26%
Gross Profit	177.38	172.14	164.33	153.04	132.09	107.83
Operating Income	33.84	40.92	40.51	44.6	29.98	23.15
Net Income	47.28	31.48	29.98	32.47	23.65	20.78
Earnings Per Share	2.35	1.56	1.49	1.63	1.19	1.12
EPS Growth	56.61%	4.70%	-8.59%	36.98%	6.25%	-0.89%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	43.44	37.88	59.93	49.42	16.04	6.48
Total Debt	59.92	79.86	92.87	71.01	58.65	37.85
Net Cash (Debt)	-16.48	-41.98	-32.94	-21.59	-42.61	-31.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.82	-2.08	-1.64	-1.08	-2.14	-1.69

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	65.38	33.82	47.98	53.38	29.47	8.68
Capital Expenditures	-3.55	-4.51	-4.07	-9.14	-14.75	-12.38
Free Cash Flow	61.83	29.31	43.91	44.24	14.73	-3.7
Free Cash Flow Growth	178.73%	-33.26%	-0.73%	200.37%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	35.22%	36.80%	38.88%	37.73%	31.23%	29.60%
Operating Margin	6.72%	8.75%	9.59%	11.00%	7.09%	6.35%
Pretax Margin	12.69%	9.20%	9.63%	10.60%	7.69%	7.56%
Profit Margin	9.39%	6.73%	7.09%	8.00%	5.59%	5.70%
FCF Margin	12.28%	6.27%	10.39%	10.90%	3.48%	-1.02%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Nov '26 Nov 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	1.880	1.800	1.400	0.300
Dividend Per Share Growth	2.22%	28.57%	366.67%	-
Dividend Yield	4.92%	7.92%	4.62%	1.21%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	16.25	14.41	20.21	15.28	12.10	19.26
Forward PE	21.99	14.66	15.95	10.85	9.08	14.57
P/FCF Ratio	11.96	15.48	13.80	11.22	19.43	-
PS Ratio	1.47	0.97	1.43	1.22	0.68	1.10