Karat Packaging Inc. logo

Karat Packaging Inc.

KRT

NASDAQConsumer CyclicalPackaging & Containers

Previous close

$48.05

+$0.48 · +1.01%

Aug 21, 4:00 PM ET

Pre-market

$47.76

−$0.29 · -0.60%

Aug 24, 5:43 AM ET

KRT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

72

Undervalued

Momentum

60

Neutral

Sentiment

73

Bullish

Risk resilience

72

Moderate Risk

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Company profile

Company website

Karat Packaging Inc. is a company dedicated to the manufacturing and distribution of various single-use consumables. These items, crafted from materials such as traditional plastics, paper, and environmentally friendly biopolymer-based or other compostable forms, are primarily intended for use across the restaurant and broader foodservice sectors. Its product range is extensive, encompassing items like containers for food and carry-out orders, packaging bags, general tableware, drinking cups, matching lids, disposable cutlery, straws, specialized beverage components, necessary equipment, and protective gloves, many of which are sold under its "Karat Earth" label. The company supplies its merchandise to a diverse clientele, including national and regional wholesale distributors, large restaurant groups, retail outlets, and direct online purchasers. Furthermore, Karat Packaging offers supplementary services such as innovation in new product lines, graphic design, custom printing, and comprehensive logistics solutions. The firm was established in 2000 and operates from its main office situated in Chino, California.

Industry
Packaging & Containers
Sector
Consumer Cyclical
Headquarters
US
CEO
Alan Yu
Listed since
Apr 15, 2021
Employees
666

Market position

Day range

Current $48.05

52-week range

Current $48.05

Open
$47.34
Previous close
$47.57
Volume
200.92K
1.6× average
Average volume
125.6K
Average daily volume
Market cap
959.26M USD
Beta
0.79
Market reference 1
50-day average
$38.2351
+25.67% above average
200-day average
$28.6646
+67.63% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
494.68M USD
P/E (TTM)
19.14×
P/B (TTM)
5.76×
P/S (TTM)
1.94×
EV / EBITDA
7.47×
Earnings yield
6.95%
Free cash flow yield
6.47%
Dividend yield
3.79%

Profitability & efficiency

Gross margin
40.49%
Operating margin
12.83%
Net margin
10.18%
Return on equity
21.07%
Return on assets
10.94%
Return on invested capital
12.88%

Financial health

Debt / equity
0.44×
Current ratio
2.3×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%29%16%2%Gross margin, FY2021: 29.60%Gross margin, FY2022: 31.23%Gross margin, FY2023: 37.73%Gross margin, FY2024: 38.88%Gross margin, FY2025: 36.80%Operating margin, FY2021: 6.35%Operating margin, FY2022: 7.10%Operating margin, FY2023: 10.37%Operating margin, FY2024: 8.93%Operating margin, FY2025: 8.79%Net margin, FY2021: 5.70%Net margin, FY2022: 5.59%Net margin, FY2023: 8.00%Net margin, FY2024: 7.09%Net margin, FY2025: 6.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.60%. Gross margin FY2022 31.23%. Gross margin FY2023 37.73%. Gross margin FY2024 38.88%. Gross margin FY2025 36.80%. Operating margin FY2021 6.35%. Operating margin FY2022 7.10%. Operating margin FY2023 10.37%. Operating margin FY2024 8.93%. Operating margin FY2025 8.79%. Net margin FY2021 5.70%. Net margin FY2022 5.59%. Net margin FY2023 8.00%. Net margin FY2024 7.09%. Net margin FY2025 6.73%.

Income trends

Revenue

467.74M USD+10.67%

Operating income

41.14M USD+8.94%

Net income

31.48M USD+5.01%
Income trends across reported periods512.44M USD333.65M USD154.87M USD−23.92M USDRevenue, FY2021: 364.24M USDRevenue, FY2022: 422.96M USDRevenue, FY2023: 405.65M USDRevenue, FY2024: 422.63M USDRevenue, FY2025: 467.74M USDOperating income, FY2021: 23.15M USDOperating income, FY2022: 30.02M USDOperating income, FY2023: 42.08M USDOperating income, FY2024: 37.76M USDOperating income, FY2025: 41.14M USDNet income, FY2021: 20.78M USDNet income, FY2022: 23.65M USDNet income, FY2023: 32.47M USDNet income, FY2024: 29.98M USDNet income, FY2025: 31.48M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 364.24M USD. Revenue FY2022 422.96M USD. Revenue FY2023 405.65M USD. Revenue FY2024 422.63M USD. Revenue FY2025 467.74M USD. Operating income FY2021 23.15M USD. Operating income FY2022 30.02M USD. Operating income FY2023 42.08M USD. Operating income FY2024 37.76M USD. Operating income FY2025 41.14M USD. Net income FY2021 20.78M USD. Net income FY2022 23.65M USD. Net income FY2023 32.47M USD. Net income FY2024 29.98M USD. Net income FY2025 31.48M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue467.74M USD422.63M USD405.65M USD422.96M USD364.24M USD
Cost of goods sold295.61M USD258.3M USD252.61M USD290.87M USD256.42M USD
Gross profit172.14M USD164.33M USD153.04M USD132.09M USD107.83M USD
Selling, general, and administrative131.22M USD123.82M USD108.44M USD102.07M USD84.68M USD
Operating expenses131.22M USD126.57M USD110.97M USD102.07M USD84.68M USD
Interest income2.21M USD2.3M USD1.8M USD2.23M USD1.51M USD
Interest expense2.06M USD2.12M USD2.04M USD2.02M USD2.91M USD
Depreciation and amortization21.12M USD18.3M USD15.75M USD14.23M USD10.04M USD
Operating income41.14M USD37.76M USD42.08M USD30.02M USD23.15M USD
Net income31.48M USD29.98M USD32.47M USD23.65M USD20.78M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
+11.61%
11 comparable reports
Latest EPS result
1.48
Estimate 0.47 · Beat by 214.89%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.581.130.680.23Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 0.29, estimate 0.43, surprise -32.56%, Miss. Q2 2025, reported May 8, 2025: actual 0.33, estimate 0.31, surprise +6.45%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.57, estimate 0.6, surprise -5.00%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.37, estimate 0.39, surprise -5.13%, Miss. Q1 2026, reported Mar 12, 2026: actual 0.34, estimate 0.276, surprise +23.28%, Beat. Q2 2026, reported May 7, 2026: actual 0.34, estimate 0.32, surprise +6.25%, Beat. Q3 2026, reported Aug 6, 2026: actual 1.48, estimate 0.47, surprise +214.89%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.46, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates145.3M128.89M112.47M96.06MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 101.65M USD, estimate 102.27M USD, surprise -0.61%, Miss. Q2 2025, reported May 8, 2025: actual 103.62M USD, estimate 121.31M USD, surprise -14.58%, Miss. Q3 2025, reported Aug 7, 2025: actual 123.99M USD, estimate 124M USD, surprise -0.01%, Miss. Q4 2025, reported Nov 6, 2025: actual 124.52M USD, estimate 113.95M USD, surprise +9.27%, Beat. Q1 2026, reported Mar 12, 2026: actual 115.62M USD, estimate 113.95M USD, surprise +1.46%, Beat. Q2 2026, reported May 7, 2026: actual 116.95M USD, estimate 112.98M USD, surprise +3.51%, Beat. Q3 2026, reported Aug 6, 2026: actual 136.3M USD, estimate 135.46M USD, surprise +0.62%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 139.71M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

6 ratings
Strong buy00%
Buy467%
Hold117%
Sell117%
Strong sell00%

KRT news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.80

2025 complete year+16.1% since 2024

2026 partial: $1.37

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 21, 2026

$0.47

Quarterly

Record Aug 21, 2026 · Payment Aug 28, 2026

Dividend

Ex-dividend May 21, 2026

$0.45

Quarterly

Record May 21, 2026 · Payment May 28, 2026

Dividend

Ex-dividend Feb 20, 2026

$0.45

Quarterly

Record Feb 20, 2026 · Payment Feb 27, 2026

Dividend

Ex-dividend Nov 21, 2025

$0.45

Quarterly

Record Nov 21, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Aug 20, 2025

$0.45

Quarterly

Record Aug 20, 2025 · Payment Aug 27, 2025

Dividend

Ex-dividend May 16, 2025

$0.45

Quarterly

Record May 16, 2025 · Payment May 23, 2025

KRT peers

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