Karat Packaging Inc. KRT R2K

Consumer Cyclical · Packaging & Containers · United States

https://www.karatpackaging.com

Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It offers food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, utensils, janitorial and warehouse supplies, and other products under the Karat Earth brand. The company also distributes food and beverage items, such as syrups, boba tea, and coffee drinks; and provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. Karat Packaging Inc. was founded in 2000 and is based in Chino, California.

Market & Price

Market Cap

$541.42M

Current Price

$27.12

High / Low (52W)

$29.92 / $19.92

Beta

0.90

Valuation

Stock P/E

17.16

Industry PE

22.37

Forward P/E

11.16

PEG Ratio

Book Value

$7.39

Price to Book

3.67

P/S

1.13

EV/EBITDA

11.26

Dividend Yield

6.64%

Profitability & Returns

ROCE

20.73%

ROE

20.92%

ROA

8.74%

Profit Margin

6.61%

Op Margin

7.24%

EPS (Latest Qtr)

$0.34

EPS (TTM)

$1.58

Balance Sheet & Liquidity

Debt/Equity

0.49

Quick Ratio

1.09

Current Ratio

2.29

Debt

$76.55M

Total Assets

$287.69M

Current Assets

$161.19M

Working Capital

$90.97M

Ownership

Promoter Holding

57.98%

Chg in Prom Hold

FII / Inst Holding

33.51%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$591.27M

Total Revenue (TTM)

$481.07M

EBITDA

$52.53M

Free Cash Flow

$29.83M

Operating Cash Flow

$33.28M

Shares Outstanding

19.96M

Gross Margin

35.94%

Payout Ratio

113.92%

Growth (CAGR)

Revenue 5Y

3.41%

Profit 5Y

10.00%

Revenue (YoY)

12.90%

Earnings (YoY)

5.60%

PROS

Strong return on equity of 20.9%.
Healthy ROCE of 20.7%.
Profit CAGR of 10.0% over 5 years.
Attractive dividend yield of 6.64%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	KRT Karat Packaging Inc. R2K	27.12	17.16	$541.42M	6.64%	20.73%	20.92%	3.41%	10.00%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	64.08M	84.74M	76.32M	75.67M	94.53M	102.71M	105.41M	114.88M	110.00M	95.80M	108.74M	105.53M	95.61M	112.60M	-	-	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	17.89M	28.91M	23.03M	21.63M	28.10M	29.79M	34.29M	33.96M	34.17M	38.14M	41.86M	38.94M	37.60M	43.41M	-	-	40.76M	49.11M	42.92M	39.35M	41.53M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32.96M	32.84M	34.75M	30.67M	33.06M
Operating Income	4.09M	14.51M	7.04M	3.77M	6.87M	5.37M	9.49M	7.80M	7.91M	12.73M	13.34M	11.38M	8.08M	11.12M	-	-	7.80M	16.27M	8.17M	8.68M	8.46M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.39M	20.36M	15.87M	11.29M	15.24M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	509.00K	521.00K	539.00K	486.00K	409.00K
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.94M	14.51M	9.91M	9.67M	9.38M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.12M	3.46M	2.30M	2.47M	2.24M
Net Income	2.45M	10.07M	4.07M	1.78M	9.58M	3.79M	6.67M	6.34M	6.10M	9.01M	10.50M	9.06M	6.17M	9.10M	-	-	6.41M	10.93M	7.33M	6.81M	6.74M
Diluted EPS	0.16	0.65	0.26	0.12	0.50	0.19	0.34	0.32	0.31	0.45	0.53	0.45	0.31	0.45	-	-	0.32	0.54	0.36	0.34	0.34

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	295.52M	-	422.96M	405.65M	422.63M	467.74M
Cost of Revenue	-	-	290.87M	252.61M	258.30M	295.61M
Gross Profit	89.12M	-	132.09M	153.04M	164.33M	172.14M
Operating Expenses	-	-	102.10M	108.44M	123.82M	131.22M
Operating Income	27.70M	-	29.98M	44.60M	40.51M	40.92M
EBITDA	-	-	48.76M	60.78M	47.08M	49.67M
Interest Expense	-	-	2.02M	2.04M	2.12M	2.06M
Pretax Income	-	-	32.51M	42.98M	40.70M	43.02M
Tax Provision	-	-	6.68M	9.80M	9.87M	10.36M
Net Income	17.52M	-	23.65M	32.47M	29.98M	31.48M
Diluted EPS	1.13	-	1.19	1.63	1.49	1.56

Compounded Sales Growth

5 Years:	3.41%
1 Year:	12.90%

Compounded Profit Growth

5 Years:	10.00%
1 Year:	5.60%

Stock Price Performance

1 Year:	-7.25%
6 Months:	+28.24%
3 Months:	+11.84%
1 Month:	-3.06%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	181.10M	-	252.18M	276.40M	294.52M	287.69M
Current Assets	-	-	-	123.80M	154.93M	161.00M	161.19M
Cash & Equivalents	-	448.00K	-	16.04M	23.08M	31.58M	37.88M
Inventory	-	-	-	71.21M	71.53M	70.72M	81.68M
Receivables	-	-	-	29.91M	27.76M	26.74M	36.40M
Total Liabilities	-	141.24M	-	100.24M	113.71M	294.52M	287.69M
Current Liabilities	-	43.14M	-	39.25M	44.40M	46.45M	70.22M
Long Term Debt	-	-	35.34M	41.56M	48.40M	47.28M	-
Total Debt	-	-	-	58.65M	71.00M	44.41M	44.06M
Total Equity	24.05M	32.40M	-	141.68M	154.12M	156.04M	152.64M
Shares Outstanding	-	-	-	19.91M	19.99M	20.06M	20.12M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	14.55M	-	29.47M	53.38M	47.98M	33.81M
Investing Cash Flow	-37.35M	-	-17.84M	-30.17M	-5.86M	25.40M
Financing Cash Flow	22.45M	-	-2.07M	-16.17M	-33.62M	-52.92M
Capital Expenditure	-29.54M	-	-14.75M	-9.33M	-4.07M	-4.50M
Free Cash Flow	-14.99M	-	14.73M	44.05M	43.91M	29.31M
Net Change in Cash	-	-	9.56M	7.04M	8.51M	6.30M
Share Buybacks	248.00K	0	-	-	0	3.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	30.2%	-	31.2%	37.7%	38.9%	36.8%
Operating Margin %	9.4%	-	7.1%	11.0%	9.6%	8.7%
Net Margin %	5.9%	-	5.6%	8.0%	7.1%	6.7%
ROE %	54.1%	-	16.7%	21.1%	19.2%	20.6%
ROCE %	20.1%	-	14.1%	19.2%	16.3%	18.8%

Shareholding Pattern

Insiders

57.98%

Institutions

33.51%

Public Float

79.76%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	2.85%	569.00K	$15.43M
2	Vanguard Capital Management LLC	1.94%	387.90K	$10.52M
3	Ranger Investment Management, L.p.	1.63%	325.10K	$8.82M
4	Acadian Asset Management. LLC	1.34%	267.31K	$7.25M
5	American Century Companies Inc	1.31%	261.90K	$7.10M
6	Bank of Montreal /CAN/	1.16%	230.91K	$6.26M
7	De Lisle Partners LLP	1.15%	229.14K	$6.21M
8	Dimensional Fund Advisors LP	1.09%	218.44K	$5.92M
9	Geode Capital Management, LLC	1.07%	214.36K	$5.81M
10	Two Sigma Investments, LP	1.05%	208.76K	$5.66M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for KRT

No recent headlines available.

KRT · Consumer Cyclical