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Karat Packaging(NASDAQ) KRT

Current Price$38.73
Market Cap$767.80MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)+163%
5 Year+129%
1 Year+52%
1 Month+27%
Karat Packaging last closing stock price
MetricPriceDate
Last closeUSD 38.462026-07-21
Karat Packaging stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+8.49%USD 35.452026-07-14
1 month+27.14%USD 30.252026-06-18
3 month+37.71%USD 27.932026-04-22
Year to date+76.31%USD 21.812025-12-31
1 year+51.57%USD 25.372025-07-21
3 year+144.6%USD 15.722023-07-21
5 year+128.54%USD 16.832021-07-22
Since inception+162.52%USD 14.652021-04-15

Karat Packaging Financials at a Glance

Market Cap

$767.80MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$481.07M

Net Income (TTM)

$31.81M

EPS (TTM)

$1.58

P/E Ratio

24.37

Dividend

$1.80

Beta (Volatility)

0.80 (Low)

Price

$38.73

Volume

741

Open

$38.36

Previous Close

$38.46

Daily Range

$38.28 - $38.80

52-Week Range

$20.61 - $39.10

Estimated Earnings Date

Aug 6, 2026

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About Karat Packaging

Karat Packaging makes and delivers single-use items for restaurants and food services. These products help businesses serve food and drinks to customers easily. The company provides containers, cups, and eco-friendly packaging for take-out orders.

What Karat Puts on the Table

  • Chains and Distributors: National restaurant and supermarket accounts; generated $370.6 million in revenue during 2025.
  • Karat Earth: Eco-friendly line made from renewable plant materials; accounted for 34.1% of total sales in 2025.
  • Manufacturing: Custom-designed products made at U.S. facilities; represented approximately 9% of total sales in 2025.
  • E-commerce: Online sales through company storefronts and sites like Amazon and Walmart.
  • Retail: Specialized supplies for bubble tea shops, coffee houses, and small restaurants.

Scaling Up and Branching Out

  • Opened new distribution centers in Chino, California and Mesa, Arizona within the last 24 months.
  • Secured a new paper bag contract in 2025 worth roughly $17 million in annualized revenue.
  • Moved the legal home of the Lollicup business to Texas in October 2025.
  • Expanded digital sales reach to new platforms including TikTok in 2024 and Sysco in 2025.
  • Shifted to a business model using fewer physical assets in 2023 by increasing product imports.

What Makes Karat Nimble?

Karat manages its own logistics network using a fleet of 40 trucks and 10 distribution centers. This system allows the company to deliver products quickly and reduces its reliance on outside shipping providers.

Checking the Financial Vitals

  • Revenue reached $115.6 million in Q4 2025, up 13.7% from $101.6 million in Q4 2024.
  • Net income rose to $6.8 million in Q4 2025, a 21.3% increase year-over-year.
  • Free cash flow hit $14.3 million in Q4 2025, up 90.4% from $7.5 million in Q4 2024.
  • Operating income grew to $8.7 million in Q4 2025, up 18.9% from $7.3 million in Q4 2024.

Bottom Line

Karat has transformed into a national distributor focused on sustainable packaging and digital sales. Its large logistics network and flexible supply chain help it serve major restaurant chains across the country.

AI Generated • May 5, 2026

Industry

Trading Companies and Distributors

Employees

696

CEO

Alan Yu

Headquarters

Chino, CA 91708, US

KRT Financials

Key Financial Metrics (TTM)

Gross Margin

35.70%

Operating Margin

8.79%

Net Income Margin

6.61%

Return on Equity

20.96%

Return on Capital

17.94%

Return on Assets

11.25%

Earnings Yield

4.10%

Dividend Yield

4.68%

Payout Ratio

1.13%

Stock Overview

Market Cap

$767.80MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

19.96M

Volume

741

Avg. Volume

115.41K

Financials (TTM)

Gross Profit

$171.73M

Operating Income

$42.27M

EBITDA

$62.16M

Operating Cash Flow

$33.28M

Capital Expenditure

-$4.66M

Free Cash Flow

$28.62M

Cash & ST Invst.

$34.42M

Total Debt

$76.55M

Karat Packaging Performance Analysis

Karat Packaging annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 422,957,00016.1%
20232023-12-31USD 405,651,000-4.1%
20242024-12-31USD 422,633,0004.2%
20252025-12-31USD 467,743,00010.7%
Karat Packaging sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3019.6%
Q32025-09-300.4%
Q42025-12-31-7.1%
Q12026-03-311.2%
Karat Packaging annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.1913.1%
20232023-12-31USD 1.6336.9%
20242024-12-31USD 1.49-8.4%
20252025-12-31USD 1.564.7%
Karat Packaging sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3068.8%
Q32025-09-30-33.3%
Q42025-12-31-5.6%
Q12026-03-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$116.95M

+12.9%

Gross Profit

$40.36M

-1.0%

Gross Margin

34.51%

N/A

Market Cap

$767.80MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.10M

N/A

Employees

696

N/A

Net Income

$6.74M

+5.2%

EBITDA

$15.24M

+5.9%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$34.42M

-38.8%

Total Debt

$76.55M

-24.0%

Accounts Receivable

$42.27M

+30.5%

Inventory

$80.01M

+0.1%

Long Term Debt

$51.52M

-41.8%

Short Term Debt

$25.04M

+105.5%

Return on Assets

11.25%

N/A

Return on Invested Capital

19.91%

N/A

Free Cash Flow

$6.29M

-5.1%

Operating Cash Flow

$7.19M

-6.9%

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Questions About KRT

What is the current price of Karat Packaging?

Karat Packaging is trading at $38.73 per share.

What is the 52-week range for Karat Packaging?

Over the past 52 weeks, Karat Packaging has traded between $20.61 and $39.10.

How much debt does Karat Packaging have?

As of the most recent reporting period, Karat Packaging reported total debt of $76.55M.

How much cash does Karat Packaging have on hand?

Karat Packaging reported $28.68M in cash and cash equivalents in its most recent financial results.

What is Karat Packaging’s dividend yield?

Karat Packaging currently has a dividend yield of 4.68%.

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