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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. In the quarter to June 2026, revenue grew 9.93%, EPS grew 167.3%, free cash flow grew 217.8% and total debt fell 27.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

53.31 0.90 −1.66%
Market cap
$1.1B
P/E
21.2×
Fwd P/E
16.5×
Dividend yield
3.41%
F-score
6/9
Altman Z
4.86
Beneish M
−2.17
Dividend safety
27/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03
Total sells 0.60
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — — —
Sell — — — — — — — — — 1 2 —
Insider Ownership 57.39%

Capital & Financial Ratios $m

Market Cap 1,080.00
Revenue 493.38
Net Income 51.59
Free Cash Flow 52.20
Net Debt (19.54)
Current Ratio 2.25 (at or above 1.5: strong)
Debt/Equity 0.20 (at or below 0.5: strong)
P/E ratio 21.24
Fwd P/E 16.50
P/S ratio 2.16
P/B ratio 6.10 (above 6: high)
Past 5Y EPS Growth 7.65%
This Y EPS Growth 65.22% (at or above 15%: strong)
Next Y EPS Growth (14.66%) (below 0%: weak)
Next Y revenue growth 12.22% (at or above 10%: strong)
Next 5Y EPS Growth 19.25% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, 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 90.17%
10-year low 10-year high
P/S against its own 10 years 99.13%
10-year low 10-year high
P/B against its own 10 years 95.45%
10-year low 10-year high
EV/Sales against its own 10 years 99.13%
10-year low 10-year high
EV/FCF against its own 10 years 83.15%
10-year low 10-year high

Dividends

Payout Ratio 0.73
Annual Dividend Rate 1.82
Annual Dividend Yield 3.41%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.79
0.45
0.45
0.47
2025 1.80
0.45
0.45
0.45
0.45
2024 1.05
0.30
0.35
0.15
0.40
2023 0.70
0.35
0.40
0.50
0.20
2022 0.00
0.35
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 15.56 12.50 12.54 22.51 20.61

Analyst estimates 2026–2028

Powerpack
High — — — — — 25.91 20.99 26.69 33.14 33.89
People
People Employees — — — — — 711 805 778 721 696
Revenue/emp, $m — 0.00 0.00 0.00 0.00 0.51 0.53 0.52 0.59 0.67
Income, $m
Income, $m Revenue — 140 175 225 296 364 423 406 423 468
Gross margin, % — 29.49 24.77 27.13 30.16 29.60 31.23 37.73 38.88 36.80
EBT — 5 2 3 22 28 33 43 41 43
EBT margin, % — 3.32 0.88 1.31 7.42 7.56 7.69 10.60 9.63 9.20
Net income — 0 0 2 17 22 26 33 31 33
Depreciation — 3 4 6 9 10 14 16 18 21
Per share, $
Per share, $ Revenue — 6.69 8.38 14.81 19.47 19.79 21.33 20.38 21.13 23.32
Earnings — 0.22 0.00 0.11 1.10 1.13 1.19 1.63 1.50 1.57
Cash flow — 0.05 0.13 (0.03) 0.96 0.47 1.49 2.68 2.40 1.69
Capex — 0.00 0.00 0.00 (2.40) (0.67) (0.74) (0.39) (0.20) (0.15)
Free cash flow — 0.05 0.13 (0.03) (1.44) (0.20) 0.75 2.29 2.20 1.54
Book value — 0.55 0.67 1.04 2.63 7.17 7.66 8.17 8.11 7.82
Shares, m — 21 21 15 15 18 20 20 20 20
Valuation, ×
Valuation, × P/E — 15.72 15.72 15.72 15.72 18.37 11.13 14.91 20.17 14.38
P/S — 0.92 0.92 0.92 0.92 1.02 0.63 1.20 1.43 0.97
P/B — 6.56 6.56 6.56 6.56 2.82 1.74 2.99 3.73 2.89
EV/Sales — 1.23 1.23 1.23 1.23 1.10 0.69 1.20 1.41 0.96
EV/FCF — (22.05) (22.05) (22.05) (22.05) (108.61) 19.67 10.68 13.48 14.62
Cash, $m
Cash, $m Operating cash flow — 1 3 0 15 9 29 53 48 34
Capex — (6) (32) (35) (36) (12) (15) (8) (4) (3)
Free cash flow — 1 3 0 (22) (4) 15 46 44 31
Balance, $m
Balance, $m Working capital — (3) (13) 25 37 72 85 111 115 91
Total debt — 33 50 76 98 37 43 50 48 36
Net debt — 32 49 75 98 30 26 0 (11) (2)
Shareholders’ equity — 11 14 16 40 132 152 163 162 157
Returns, %
Returns, % ROA — 5.62 0.04 1.48 11.02 10.69 10.29 12.29 10.50 10.81
ROIC — 0.00 0.00 0.00 12.58 8.93 10.51 16.15 15.66 16.72
ROE — 35.68 0.16 11.59 63.00 24.18 16.66 20.64 18.45 19.73
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 14.6× — +3.53% (above 0%: growing) +86.36% (above 0%: growing) −82.57% (below 0%: shrinking) 23.39% 9.26% Compare
AMBP Ardagh Metal Packaging S.A. $2.8B 78.0× 60.0× +17.73% (above 0%: growing) n/m +52.38% (above 0%: growing) 13.89% 6.71% Compare
GPK Graphic Packaging Holding Company $2.6B 13.0× 19.0× −0.73% (below 0%: shrinking) −77.14% (below 0%: shrinking) +92.31% (above 0%: growing) 13.35% 4.34% 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
MYE Myers Industries, Inc. $1.2B 32.3× 21.8× +9.78% (above 0%: growing) +103.85% (above 0%: growing) +17.23% (above 0%: growing) 34.30% 17.39% Compare
KRT Karat Packaging Inc. $1.1B 21.2× 16.5× +9.93% (above 0%: growing) +167.27% (above 0%: growing) +217.81% (above 0%: growing) 56.61% 27.59%
OI O-I Glass, Inc. $909.7M — (loss-making) 11.9× −2.23% (below 0%: shrinking) n/m −98.21% (below 0%: shrinking) 12.83% 7.79% Compare
ORBS Eightco Holdings Inc. $329.9M — (loss-making) — −72.71% (below 0%: shrinking) n/m −7,929.05% (below 0%: shrinking) 4.84% (570.97%) Compare
PACK Ranpak Holdings Corp $298.4M — (loss-making) — (loss-making) +13.98% (above 0%: growing) n/m +70.90% (above 0%: growing) 32.79% (2.28%) Compare
Median of peers $1.3B 14.6× 20.4× +2.59% +38.30% −32.67% 17.07% 6.47%

All 23 Packaging & Containers stocks →

Karat Packaging Inc. (KRT) key facts

  • Strength: Karat Packaging Inc.’s revenue for fiscal 2025 (year ended December 2025) was $467.7 million, up 10.7% from fiscal 2024.
  • Karat Packaging Inc. (KRT) is a Packaging & Containers company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, KRT traded at $53.31, a market capitalization of $1.1 billion.
  • Karat Packaging Inc. pays an annual dividend of $1.82 per share, a yield of 3.41%, with a payout ratio of 72.8%.
  • Return on equity was 19.7% and debt-to-equity 0.20.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.86 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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