KRTNasdaqPlastics Products, NECFiscal year ends December 31
Karat Packaging Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$53.15−0.16 (-0.30%)
Close on Oct 19, 2026
- Market cap
- $1.07B
- P/E (TTM)
- 21.3
- Dividend yield
- 3.39%
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
36.8%+6.6 pts over 5 years
Operating margin
8.9%−0.5 pts over 5 years
Net margin
6.7%+0.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.7% | +3.4% | +9.6% | – | |
| Gross profit | +4.8% | +9.2% | +14.1% | – | |
| Operating income | +9.7% | +11.3% | +8.4% | – | |
| Net income | +5.0% | +10.0% | +12.4% | – | |
| EPS, diluted | +4.7% | +9.4% | +6.7% | – | |
| Free cash flow | -29.7% | +7.2% | – | – | |
| Dividend per share | +16.1% | +72.6% | +114.1% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 20.6% | |
| Return on assets | – | – | 10.8% | |
| Current ratio | – | 1.85 | 2.30 | |
| Debt to equity | – | 0.35 | – | |
| Net debt to EBITDA | – | 0.30× | – | |
| Interest coverage | – | – | 20.2× | |
| Inventory turnover | – | – | 3.9× | |
| Capex to revenue | – | 10.0% | 0.2% | |
| Diluted shares | – | 15M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Karat Packaging generated $173.33M from operations and spent $109.34M on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$173.33M
Used
$109.34M
Capital expenditure$11.36M10%Dividends$94.99M87%Share buybacks$3.00M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.7%
×Asset turnover1.61×
×Equity multiplier1.91×
=Return on equity, FY202520.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.7% | 1.61× | 1.91× | 20.6% |
| FY2024 | 7.1% | 1.48× | 1.84× | 19.4% |
| FY2023 | 8.0% | 1.53× | 1.79× | 22.0% |
| FY2022 | 5.6% | 1.84× | 1.74× | 17.9% |
| FY2021 | 5.7% | 1.87× | 2.50× | 26.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$31.48M
- Cash generatingOperating cash flow above zero$33.82M
- Return on assets improvedROA up on the prior year10.8% → 10.7%
- Earnings backed by cashOperating cash flow above net income$33.82M vs $31.48M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.47 → 2.30
- No dilutionShare count did not rise20M → 20M
- Gross margin improvedGross margin up on the prior year38.88% → 36.80%
- More efficientAsset turnover rose1.53 → 1.59