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Karat Packaging Inc. (KRT)

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Karat Packaging Inc. (KRT) reported revenue of $136 million for Q2 FY2026, the quarter ended 30 June 2026, up 9.9% on the same quarter a year earlier. Net income was $29 million, up 168.3% on the year, and diluted earnings per share $1.46. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$136 millionup 9.9%
Net income$29 millionup 168.3%
Diluted EPS$1.46
QuarterQ2 FY2026ended 30 June 2026

Karat Packaging (KRT) in brief

Karat Packaging (KRT) reported revenue of $468 million for fiscal 2025, the year ended 31 December 2025, up 10.7% on the year before.
Read moreNet income was $31 million and diluted earnings per share $1.56. Revenue was $423 million in fiscal 2024, $406 million in fiscal 2023, $423 million in fiscal 2022 and $364 million in fiscal 2021. Net income in the same years was $30 million, $32 million, $24 million and $21 million. Over the twelve months to 30 June 2026, Karat Packaging reported revenue of $493 million and net income of $50 million. Revenue grew 9.6% a year, compounded, over the five years to fiscal 2025. Karat Packaging declared $1.80 a share in dividends over the last four quarters and had 20 million shares outstanding at the latest filed count. At 30 June 2026 it carried $35 million of debt and $38 million of cash. At the close of 29 October 2026 the market cap of Karat Packaging was $1.1 billion, 21.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE30.2%
ROCE31.4%
Operating margin12.8%
Net margin10.2%
FCF margin11.3%
Interest cover33.95
Debt to equity0.21
Cash conversion1.13
Share count, last 12 months-0.8%
Sales CAGR, 3 years3.4%
Profit CAGR, 3 years10.0%
EPS, TTM$2.50

At the close of 29 October 2026

Price$54.35
Market cap$1.1 billion
Stock P/E21.74
Price to book6.50
EV / EBITDA14.56
Dividend yield3.3%
Market cap / sales2.19
52-week high$54.66
52-week low$21.06
Price, 1 year121.7%
Price CAGR, 3 years38.7%
Price CAGR, 5 years19.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowings Karat Packaging Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
KRTgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on KRT

Dividends$1.80 a share over the four quarters to 30 June 2026, a 3.31% yield
Filings16 in twelve months: 10 current reports (8-K), about 4 results of operations; 4 other events; 1 shareholder vote; 1 change of auditor
Planned insider sales1 Form 144 notice in twelve months, $958,600; latest 2 September 2026
Options tapeno listed options
13F holders142 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading4 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest689,226 shares short, 3.75 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021 †Q4 FY2021 *Q1 FY2022Q2 FY2022 †Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue10391.310511511092.795.810910695.695.6113113102104124125116117136
Cost of revenue72.963.071.180.975.863.057.766.966.661.558.069.269.361.862.974.981.676.375.459.1
Gross profit29.828.334.334.034.229.738.141.938.934.137.643.443.539.840.849.142.939.341.577.2
Gross margin29%31%33%30%31%32%40%38%37%36%39%39%39%39%39%40%34%34%36%57%
Operating income5.47.19.57.87.94.812.713.311.44.68.111.111.37.37.816.68.68.58.537.6
Operating margin5%8%9%7%7%5%13%12%11%5%8%10%10%7%8%13%7%7%7%28%
Interest expensen/an/a0.50.60.50.40.40.60.50.50.50.50.50.50.50.50.50.50.40.4
Pre-tax income5.37.110.68.98.14.912.014.012.04.98.512.111.98.38.914.59.99.79.439.0
Tax rate24%15%25%20%24%7%23%24%24%15%23%24%22%30%24%24%23%26%24%24%
Net income3.85.66.76.36.14.59.010.59.13.96.29.19.15.66.410.97.36.86.729.3
Net margin4%6%6%6%6%5%9%10%9%4%6%8%8%6%6%9%6%6%6%22%
Diluted EPS$0.19$0.31$0.34$0.32$0.31$0.23$0.45$0.53$0.45$0.20$0.31$0.45$0.45$0.28$0.32$0.54$0.36$0.34$0.34$1.46
Operating cash flow1.49.9-11.43.720.217.014.216.912.010.36.613.719.58.27.79.81.015.47.233.2
Capital expenditure3.00.20.80.80.40.71.00.81.1n/a0.20.30.30.20.10.20.20.20.60.1
Free cash flow-1.59.7-12.32.919.916.313.116.111.0n/a6.413.419.28.07.69.60.715.16.633.1
Buybacks0.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid0.00.0n/an/a0.0n/a0.07.010.04.06.07.010.08.09.09.09.09.09.09.0
Shares outstanding20m20m20m20m20m20m20m20m20m20m20m20m20m20m20m20m20m20m20m20m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue296364423406423468493
Cost of revenue206256291253258296292
Gross profit89.1108132153164172201
Gross margin30.2%29.6%31.2%37.7%38.9%36.8%40.7%
Operating income27.723.130.042.137.841.463.1
Operating margin9.4%6.4%7.1%10.4%8.9%8.9%12.8%
Interest expensen/a2.92.02.02.12.11.9
Pre-tax income21.927.532.543.040.743.068.0
Income tax5.35.16.79.89.910.416.4
Effective tax rate24.0%18.5%20.5%22.8%24.3%24.1%24.1%
Net income17.520.823.632.530.031.550.2
Net margin5.9%5.7%5.6%8.0%7.1%6.7%10.2%
Diluted EPS$1.13$1.12$1.19$1.63$1.49$1.56$2.50
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Chains and distributors *32937178.4%
Online70.175.315.9%
Retail *23.121.94.6%
Logistics Services5.54.71.0%
Chains and distributors *OnlineRetail *Logistics Services
428FY2024472FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow14.58.729.553.448.033.856.7
Capital expenditure29.54.22.72.80.90.81.1
Free cash flow-15.04.526.850.547.033.155.6
Free cash flow margin-5.1%1.2%6.3%12.5%11.1%7.1%11.3%
Cash from investing-37.4-13.3-17.8-30.2-5.925.46.0
Cash from financing22.410.6-2.1-16.2-33.6-52.9-54.8
Depreciation and amortisation8.610.010.410.810.710.911.0
Share-based compensation0.02.02.00.82.11.21.2
Buybacks0.20.0n/an/a0.03.0n/a
Dividends paid0.60.07.020.931.036.136.0
Dividend per share$0.04n/a$0.35$1.05$1.55$1.80n/a
Diluted shares, weighted15m19m20m20m20m20m20m
Shares outstanding at period end15m20m20m20m20m20m20m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity32.4123142154156149166
Non-controlling interest7.59.110.38.66.67.57.8
Debt97.936.542.549.548.635.934.6
Operating lease liabilitiesn/a0.011.616.735.432.125.8
Finance lease liabilities0.30.0n/an/an/an/an/a
Other liabilities43.039.146.147.548.362.982.0
Total liabilities and equity181208252276295288317
Owned
Fixed assets95.593.595.695.288.081.277.4
Goodwill3.13.53.53.53.53.53.5
Intangible assets0.00.40.40.30.30.30.3
Investmentsn/an/a0.026.328.30.015.7
Cash and equivalents0.46.516.023.131.637.938.4
Receivables23.832.829.927.826.736.449.2
Inventory49.058.571.271.570.781.789.1
Other assets9.212.535.628.645.346.843.2
Total assets181208252276295288317
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a9.6%3.4%11.6%
Profit growth, compoundedn/a12.4%10.0%56.6%
Return on equity, averagen/a19.0%20.5%21.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Karat Packaging's revenue in fiscal 2025?

Karat Packaging (KRT) reported revenue of $468 million for fiscal 2025, the year ended 31 December 2025, up 10.7% on the year before.

How much did Karat Packaging earn in fiscal 2025?

Net income was $31 million for fiscal 2025, and diluted earnings per share $1.56.

What is Karat Packaging's P/E ratio?

At the close of 29 October 2026, Karat Packaging traded at 21.7 times its earnings over the twelve months to 30 June 2026.

What is Karat Packaging's market cap?

The market cap of Karat Packaging was $1.1 billion at the close of 29 October 2026.

Does Karat Packaging pay a dividend?

Yes. Karat Packaging declared $1.80 a share in dividends over the four quarters to 30 June 2026.

Peers: Rubber and Plastic Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Entegris Inc. ENTG$24.4 billion62.509.1%18.2%9.4%0.750.2%
Carlisle Companies Inc. CSL$14.4 billion21.0049.9%19.5%4.0%2.011.2%
Advanced Drainage Systems, Inc. WMS$9.7 billion23.5825.2%20.7%10.4%0.900.5%
Aptargroup, Inc. ATR$8.3 billion23.6313.8%12.1%8.9%0.521.4%
Armstrong World Industries Inc. AWI$7.0 billion22.1735.9%25.8%9.1%0.530.8%
Enpro Inc. NPO$6.0 billion138.722.8%14.3%13.3%0.360.4%
Newell Brands Inc. NWL$2.2 billionn/a-9.0%2.3%-2.0%2.045.5%
Myers Industries Inc. MYE$1.1 billion40.079.4%12.7%-12.9%0.961.8%
Karat Packaging Inc. KRT$1.1 billion21.7430.2%12.8%11.6%0.213.3%
Latham Group, Inc. SWIM$854 million145.301.3%5.1%10.5%0.68n/a
Lightwave Logic, Inc. LWLG$708 millionn/a-21.9%-9,688.2%165.2%0.00n/a
6 companies share its SEC industry code (Plastics Products, Nec); the rest are the names nearest in size in its wider industry, Rubber and Plastic Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202513 March 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202414 March 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR