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Karat Packaging Inc.

KRT Consumer Cyclical Packaging & Containers

Karat Packaging Inc.’s revenue for fiscal 2025 (year ended December 2025) was $467.7 million, up 10.7% from fiscal 2024.

Revenue
+9.93%
EPS
+167.3%
Free cash flow
+217.8%
Total debt
−27.8%

Quarter to June 2026, against a year earlier

51.46 2.17 −4.05%
Market cap
$1.0B
P/E
20.5×
Fwd P/E
20.5×
Dividend yield
3.54%
F-score
6/9
Altman Z
4.86
Beneish M
−2.17
Dividend safety
27/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.60
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 2 — —
Insider Ownership 57.39%

Capital & Financial Ratios $m

Size
Market Cap 1,030.00
Revenue ttm 493.38
Net income ttm 51.59
Free cash flow ttm 52.20
Net debt Q (19.54)
Valuation
P/E 20.50
Forward P/E 20.50
Price / sales 2.08
Forward P/S Powerpack
Price / FCF 19.67
Price / book 5.89
Financial health
Current ratio Q 2.25 (at or above 1.5: strong)
Debt / equity Q 0.20 (at or below 0.5: strong)
Interest coverage Q 88.48
Growth
Revenue growth Q +9.93% (above 0%: growing)
Operating income growth Q +127.20% (above 0%: growing)
EPS, this year +52.36% (at or above 15%: strong)
EPS, next year A −19.80% (below 0%: weak)
Revenue, next year A +12.22% (at or above 10%: strong)
EPS, past 5 yrs +7.65%
EPS, next 5 yrs A +6.69%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 1.2×; over the ten years it ranged from 0.7× in 2023 to 2.1× in 2026.
P/E against its own 10 years 84.62%
10-year low 10-year high
P/S against its own 10 years 97.71%
10-year low 10-year high
P/B against its own 10 years 93.99%
10-year low 10-year high
EV/Sales against its own 10 years 97.71%
10-year low 10-year high
EV/FCF against its own 10 years 78.33%
10-year low 10-year high

Dividends raised every year since 2023

Yield
3.54%
Annual rate
1.82
Payout ratio
72.8%
Growth, 2023–25
+60.4%/yr
  1. 0.70 ’23
  2. 1.05 ’24 +50
  3. 1.80 ’25 +71
  4. 1.79 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 49 60 38 54
Receivables 28 27 36 49
Inventory 72 71 82 89
Other — — — —
155 161 161 199
2023 2024 2025 Q'26
Payables 18 18 26 34
ST’ Debt 1 1 13 12
Other 3 1 0 0
44 46 70 89

Compound Annual Growth %

10y 5y 3y
Sales — 9.62% 3.41%
Cash Flow — 18.38% 4.69%
Earnings — 12.44% 10.00%
Book Value — 31.52% 1.07%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.51 Actual 1.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 0.60 0.57 Miss by 0.03
Q3 FY25 0.39 0.37 Miss by 0.02
Q1 FY26 0.32 0.34 Beat by 0.02
Q2 FY26 0.51 1.48 Beat by 0.97
Q3 FY26 0.46 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.34 1.46 — — —
’25 0.32 0.54 0.36 0.34 1.56
’24 0.31 0.45 0.45 0.28 1.49
’23 0.45 0.53 0.45 0.19 1.63
’22 0.34 0.32 0.31 0.23 1.19
’21 0.12 0.50 0.19 0.28 1.12
’20 0.04 0.64 0.30 0.10 1.08
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 117 136 — — —
’25 104 124 125 116 468
’24 96 113 113 102 423
’23 96 109 106 96 406
’22 105 115 110 93 423
’21 76 95 103 91 364
’20 64 85 76 70 296
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 33 — — —
’25 8 10 1 15 34
’24 7 14 19 8 48
’23 14 17 12 10 53
’22 (11) 4 20 17 29
’21 5 (7) 1 10 9
’20 2 7 4 2 15
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 6 32 — — —
’25 7 10 (1) 15 31
’24 6 12 19 8 44
’23 11 14 10 10 46
’22 (16) (1) 16 16 15
’21 3 (10) (2) 5 (4)
’20 (2) (21) 1 (1) (22)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 140 175 225 296 364 423 406 423 468 493 +16.3% 525 569 611 +9.3%
Gross margin, % — 29.49 24.77 27.13 30.16 29.60 31.23 37.73 38.88 36.80 40.73 +7.3 pt
EBT — 5 2 3 22 28 33 43 41 43 68 +32.1%
EBT margin, % — 3.32 0.88 1.31 7.42 7.56 7.69 10.60 9.63 9.20 13.78 +5.9 pt
Net income — 0 0 2 17 22 26 33 31 33 52 n/m
Per share, $
Per share, $ Revenue — 6.69 8.38 14.81 19.47 19.79 21.33 20.38 21.13 23.32 24.73 +16.9%
Earnings — 0.22 0.00 0.11 1.10 1.13 1.19 1.63 1.50 1.57 2.51 +27.8%
Cash flow — 0.05 0.13 (0.03) 0.96 0.47 1.49 2.68 2.40 1.69 2.84 +56.1%
Capex — 0.00 0.00 0.00 (2.40) (0.67) (0.74) (0.39) (0.20) (0.15) (0.22) n/m
Free cash flow — 0.05 0.13 (0.03) (1.44) (0.20) 0.75 2.29 2.20 1.54 2.62 +54.3%
Book value — 0.55 0.67 1.04 2.63 7.17 7.66 8.17 8.11 7.82 8.74 +39.4%
Shares, m — 21 21 15 15 18 20 20 20 20 20 (0.5%)
Valuation, ×
Valuation, × P/E — 15.72 15.72 15.72 15.72 18.37 11.13 14.91 20.17 14.38 20.50 15.8
P/S — 0.92 0.92 0.92 0.92 1.02 0.63 1.20 1.43 0.97 2.08 1.0
P/B — 6.56 6.56 6.56 6.56 2.82 1.74 2.99 3.73 2.89 5.89 4.5
EV/Sales — 1.23 1.23 1.23 1.23 1.10 0.69 1.20 1.41 0.96 2.04 1.1
EV/FCF — (22.05) (22.05) (22.05) (22.05) (108.61) 19.67 10.68 13.48 14.62 19.29 (15.4)
Cash, $m
Cash, $m Operating cash flow — 1 3 0 15 9 29 53 48 34 57 +55.2%
Capex — (6) (32) (35) (36) (12) (15) (8) (4) (3) (4) (7.3%)
Free cash flow — 1 3 0 (22) (4) 15 46 44 31 52 +53.5%
Balance, $m
Balance, $m Working capital — (3) (13) 25 37 72 85 111 115 91 111 n/m
Net debt — 32 49 75 98 30 26 0 (11) (2) (20) n/m
Shareholders’ equity — 11 14 16 40 132 152 163 162 157 174 +38.7%
Returns, %
Returns, % ROA — 5.62 0.04 1.48 11.02 10.69 10.29 12.29 10.50 10.81 15.74 +5.2 pt
ROIC — 0.00 0.00 0.00 12.58 8.93 10.51 16.15 15.66 16.72 25.49 +16.7 pt
ROE — 35.68 0.16 11.59 63.00 24.18 16.66 20.64 18.45 19.73 29.80 (16.0) pt
People
People Employees — — — — — 711 805 778 721 696 — (0.5%)
Revenue/emp, $m — 0.00 0.00 0.00 0.00 0.51 0.53 0.52 0.59 0.67 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Karat Packaging Inc. vs peers in Packaging & Containers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GEF.B Greif Inc. $3.7B 13.0× — +3.53% (above 0%: growing) +86.36% (above 0%: growing) −82.57% (below 0%: shrinking) 23.39% 9.26% Compare
GPK Graphic Packaging Holding Company $3.4B 45.4× 25.5× +0.09% (above 0%: growing) −84.56% (below 0%: shrinking) +565.00% (above 0%: growing) 14.01% 4.61% Compare
AMBP Ardagh Metal Packaging S.A. $2.9B 52.8× 37.0× +18.63% (above 0%: growing) +75.00% (above 0%: growing) +3.82% (above 0%: growing) 11.57% 6.73% Compare
TRS TriMas Corporation $1.4B 1.6× — (loss-making) +1.65% (above 0%: growing) −9.76% (below 0%: shrinking) −451.48% (below 0%: shrinking) 20.24% 6.22% Compare
KRT Karat Packaging Inc. $1.0B 20.5× 20.5× +9.93% (above 0%: growing) +167.27% (above 0%: growing) +217.81% (above 0%: growing) 56.61% 27.59%
MYE Myers Industries, Inc. $1.0B 35.7× 35.2× +8.12% (above 0%: growing) n/m −48.52% (below 0%: shrinking) 27.30% 8.66% Compare
OI O-I Glass, Inc. $829.8M — (loss-making) — (loss-making) −1.81% (below 0%: shrinking) n/m −17.21% (below 0%: shrinking) 12.01% 6.16% Compare
ORBS Eightco Holdings Inc. $301.4M — (loss-making) — −72.71% (below 0%: shrinking) n/m −7,929.05% (below 0%: shrinking) 4.84% (570.97%) Compare
PACK Ranpak Holdings Corp $286.5M — (loss-making) — (loss-making) +2.31% (above 0%: growing) n/m +957.14% (above 0%: growing) 35.62% 0.00% Compare
Median of peers $1.2B 35.7× 35.2× +1.98% +32.62% −32.86% 17.13% 6.19%

All 23 Packaging & Containers stocks →

Pay and ownership Proxy statement filed 24 April 2026

Ownership

Directors and executive officers, together 57.90%
Alan Yu 30.60%
Marvin Cheng 26.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Karat Packaging Inc. (KRT) Latest News

6 Nov

Impact 3 · · The Motley Fool transcript

5 Nov

Impact 3 · · MarketBeat
Impact 3 · · StockStory
Impact 3 · · GlobeNewswire

29 Oct

Impact 4 · · Simply Wall St.

22 Oct

Impact 3 · · GlobeNewswire

9 Oct

Impact 4 · · Simply Wall St.

22 Sep

Impact 3 · · Barchart

21 Aug

Impact 3 ·

13 Aug

Impact 4 · · The Motley Fool transcript

11 Aug

Impact 3 ·

10 Aug

Impact 4 ·

7 Aug

Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript

6 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·

16 Jul

Impact 3 ·

12 May

Impact 4 · · StockStory

8 May

Impact 4 · · MarketBeat

7 May

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · StockStory
Impact 4 · · GlobeNewswire

23 Apr

Impact 4 · · StockStory

23 Mar

Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

16 Mar

Impact 4 · · MarketBeat

13 Mar

Impact 4 · · StockStory
stockrow.com/KRT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com