Karat Packaging Inc. (KRT)

NASDAQ: KRT · Real-Time Price · USD

46.94

+0.17 (0.36%)

At close: Sep 11, 2026, 4:00 PM EDT

47.50

+0.56 (1.19%)

After-hours: Sep 11, 2026, 4:39 PM EDT

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	Jun '26 Jun 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	493.38	467.74	422.63	405.65	422.96	364.24
Revenue Growth	11.62%	10.67%	4.19%	-4.09%	16.12%	23.26%
Gross Profit	175.16	172.14	164.33	153.04	132.09	107.83
Operating Income	37.19	40.92	40.51	44.6	29.98	23.15
Net Income	50.21	31.48	29.98	32.47	23.65	20.78
Earnings Per Share	2.50	1.56	1.49	1.63	1.19	1.12
EPS Growth	57.08%	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	Jun '26 Jun 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	54.14	37.88	59.93	49.42	16.04	6.48
Total Debt	72.72	79.86	92.87	71.01	58.65	37.85
Net Cash (Debt)	-18.57	-41.98	-32.94	-21.59	-42.61	-31.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.92	-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	Jun '26 Jun 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	56.68	33.82	47.98	53.38	29.47	8.68
Capital Expenditures	-5.52	-4.51	-4.07	-9.14	-14.75	-12.38
Free Cash Flow	51.17	29.31	43.91	44.24	14.73	-3.7
Free Cash Flow Growth	20.88%	-33.26%	-0.73%	200.37%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	35.50%	36.80%	38.88%	37.73%	31.23%	29.60%
Operating Margin	7.54%	8.75%	9.59%	11.00%	7.09%	6.35%
Pretax Margin	13.78%	9.20%	9.63%	10.60%	7.69%	7.56%
Profit Margin	10.18%	6.73%	7.09%	8.00%	5.59%	5.70%
FCF Margin	10.37%	6.27%	10.39%	10.90%	3.48%	-1.02%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Sep '26 Sep 12, 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	4.00%	28.57%	366.67%	-
Dividend Yield	4.00%	8.33%	5.18%	1.43%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 12, 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	18.79	14.41	20.21	15.28	12.10	19.26
Forward PE	24.99	14.66	15.95	10.85	9.08	14.57
P/FCF Ratio	18.28	15.48	13.80	11.22	19.43	-
PS Ratio	1.90	0.97	1.43	1.22	0.68	1.10