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Karat Packaging Inc. (KRT) stock

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NASDAQ: KRT Nasdaq Metal, Glass & Plastic Containers Next results ~November 5, 2026

B+ Fundamentals grade

Karat Packaging Inc. is a US-listed company in the metal, glass & plastic containers industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$66

Cash-flow model

Base case. Range ~$50–$87 across our lower- and higher-growth cases (4.1%–14.1% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 20% below our base value.

Price used: $53.04, November 2, 2026

Karat Packaging Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds90 adding, 49 cuttingOf 37 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Karat Packaging files

Where Karat Packaging stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $493m, up 11.6% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 11.3% from 10.0% a year earlier. Operating margin widened to 12.8% from 9.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 3 of our 3 financial-health checks. Our cash-flow model value is $64.90 a share, against a share price of $55.16. At that price, our model says the market is pricing in about 6.2% a year of cash-flow growth for five years, close to the 6.3% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Karat Packaging Inc.'s trailing-twelve-month revenue grew 11.6% year on year, with a free-cash-flow margin of 11.3%. Where it stands out: gross margin of 40.7% ranks 1 of 5 metal, glass & plastic containers companies we cover. Where it lags: change in growth rate of -0.1pp ranks 7 of 8 metal, glass & plastic containers companies we cover.

Our discounted-cash-flow model values the business at ~$66 per share in the base case (~$50–$87 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 25.2% while net income grew 56.6%: a 31pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $53.04 is 24% below our value per share of $66.
  • Margins widening. Operating margin is up 3.1 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Below peers: change in growth rate. Change in growth rate of -0.1pp ranks 7 of 8 metal, glass & plastic containers companies we cover (median +1.8pp).
  • Short interest rising. Shares sold short rose 58% in a month to 8.2% of tradable shares.
  • Earnings expected to fall. The consensus expects earnings per share to fall 14% next year.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$1.48 against an average estimate of $0.51: beat by 190.2%
Revenue
$136m, up 9.9% on a year earlier
Share reaction
+11.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
gross margin 35% to 37% (2026 third quarter); adjusted EBITDA margin 9% to 11% (2026 third quarter)
Next report
November 5, 2026; average EPS estimate $0.46

Karat Packaging's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.7%
  • 1 week-2.4%
  • 1 month-2.8%
  • This year+145.6%
  • 1 year+135.8%
  • 5 years+196.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$493M
Operating margin
12.8%
Net margin
10.2%
EPS (TTM, diluted)
$2.49

Growth

Revenue growth
+11.6%
Change in growth rate
−0.1 pts
Share count change
−0.2%

Cash

Free cash flow (TTM)
$55.6M
FCF margin
11.3%
Stock pay % of revenue
0.2%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Karat Packaging Inc. valuation models and calculator

What the price is pricing in

The share price implies about 5.2% a year of cash-flow growth for five years.That is close to the 6.3% a year revenue growth Karat Packaging has delivered.

  • Priced in5.2%
  • Last 12 months11.6%
  • 3 years a year6.6%
  • 5 years a year6.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($52.69, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$66
Price used
$52.69close November 3, 2026
Implied change
▲ +25%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Karat Packaging Inc.'s free cash flow after stock-based pay with after-tax interest added back ($51.9M, FY2026 Q2 TTM), growing 9.9% and 9% in the next two years (forecasts, guidance and its record), then back to 9.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$50–~$87 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Karat Packaging Inc.'s free cash flow after stock-based pay ( $51.9M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Karat Packaging Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$66 ~$50–$87 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$55 ~$42–$87 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$22 ~$17–$28 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$28 ~$24–$34 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$47 ~$22–$66 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Karat Packaging Inc. with Metal, Glass & Plastic Containers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ +12%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $38$52$70$93$124$163
8.5% $29$39$52$69$91$119
10% $24$32$41$54$71$92

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$15.79$11.52$20.99$27.04$21.60$53.04
Market value$293m$230m$419m$544m$436m$1.1bn
+ Net debt (− = net cash)$30m$27m$27m$17m−$2m−$4m
Enterprise value$323m$256m$446m$561m$434m$1.1bn
Multiples
Price / sales 0.8x0.5x1.0x1.3x0.9x2.2x
Price / earnings 14.1x9.7x12.9x18.2x13.8x21.3x
Price / free cash flow 65.1x8.6x8.3x11.6x13.2x19.2x
EV / EBITDA 9.7x6.3x8.4x11.6x8.3x14.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

60 /100

Moderate moat

How hard Karat Packaging's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Net income has been a median 9.5% of total assets over 6 years.

  • Pricing power 11 / 20

    Gross margin has been a median 36.5%, moving by 4.3 percentage points (standard deviation) across 6 years.

  • Durability 11 / 20

    Operating margin has been a median 9.1%; its worst year was 6.2%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 5 of 6 years, at a median 10.0% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 23.3% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $140m and EPS of $0.46 (range $0.46 to $0.46) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.72 +69% $525m +12%
Next $2.33 −14% $569m +9%

Next year's EPS estimate has moved −4.1% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +49.5% on 90 days ago. In the last 30 days, 1 analyst raised Karat Packaging Inc.'s forecast and 0 cut it.

Consensus EPS forecast Karat Packaging Inc., last 90 days
$1.50 $2.00 $2.50 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.82 Current fiscal year, 60 days ago: $1.82 Current fiscal year, 30 days ago: $1.82 Current fiscal year, 7 days ago: $1.82 Current fiscal year, Now: $2.72 $2.72 Next fiscal year, 90 days ago: $2.43 Next fiscal year, 60 days ago: $2.43 Next fiscal year, 30 days ago: $2.43 Next fiscal year, 7 days ago: $2.43 Next fiscal year, Now: $2.33 $2.33

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.82$2.43
60 days ago $1.82$2.43
30 days ago $1.82$2.43
7 days ago $1.82$2.43
Now $2.72$2.33

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.51 $1.48 +190.2%
Mar 2026 $0.32 $0.34 +6.2%
Dec 2025 $0.28 $0.34 +21.4%
Sept 2025 $0.39 $0.37 −5.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Gross margin 2026 third quarter 35% to 37%
    “Gross margin for the 2026 third quarter expected to be within 35 to 37 percent, including insignificant IEEPA tariff refunds anticipated during the quarter.” source
  • Adjusted EBITDA margin 2026 third quarter 9% to 11% Non-GAAP
    “Adjusted EBITDA margin for the 2026 third quarter expected to be within 9 to 11 percent, including insignificant IEEPA tariff refunds anticipated during the quarter.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Karat Packaging Inc.'s revenue by +9.9% next year and +9.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+10.9%, weight 45%) and the company's own record (+9.1%, weight 55%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy267%
Hold00%
Sell133%

Monthly trend

  1. Oct 2026213
  2. Sep 2026213
  3. Aug 2026213
  4. Jul 2026213

Counts of recommendations published by analysts covering Karat Packaging Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.2%
of tradable shares
Days to cover
3.49
at average volume
Short interest, 1 month
+58%
to October 15, 2026
Held by institutions
38%
of shares
Held by insiders
58.1%
of shares
Employees
636
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +135.8%

$22.49 on October 31, 2025 to $53.04

ThenNowEffect
Revenue (last 12 months) $442m $493m +11.6%
Net margin 7.3% 10.2% +40.3%
P/E multiple 14.2x 21.3x +50.2%
Share count 20m 20m +0.2%

Biggest factor: p/e multiple.

Last 3 years +187.5%

$18.45 on November 3, 2023 to $53.04

ThenNowEffect
Revenue (last 12 months) $407m $493m +21.2%
Net margin 7.4% 10.2% +37.5%
P/E multiple 12.2x 21.3x +74.2%
Share count 20m 20m −0.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
KRT−27%+82%+29%−20%+146%
Industry peers (median)+14%+1%−4%+15%+21%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
KRT42%75%58%25%82%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
KRT−35%−27%−21%−34%−14%
S&P 500−25%−10%−8%−19%−9%

Worst fall since April 15, 2021: 49% from July 26, 2021 to March 27, 2023. Getting back needed a 94% gain, reached on August 14, 2023, 140 days after the low.

Price behaviour

52-week range
$19.72 – $54.68
From 52-week high
−3.0%
vs 50-day average
+2.7%
vs 200-day average
+49.7%
Volatility (1 year)
38%
Beta vs S&P 500
0.59

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±10.3%
After a week
4 up, 8 down
typical move ±8.2%
After a month
4 up, 8 down
typical move ±10.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +11.2% +0.5% +13.0% +15.4%
May 7, 2026 −5.4% +0.5% −11.6% −0.6%
March 12, 2026 +18.0% −2.1% +20.3% +29.3%
November 6, 2025 −11.3% −1.0% −11.9% −12.6%
August 7, 2025 −7.0% +0.7% −5.6% −4.6%
May 8, 2025 +12.7% +0.6% +13.6% +18.3%
March 13, 2025 −4.0% +0.7% −1.6% −16.4%
November 7, 2024 −0.1% +1.2% +2.1% +7.7%
August 8, 2024 −14.6% +2.8% −7.8% −11.3%
May 9, 2024 −9.0% +0.7% −1.0% −3.5%
March 14, 2024 −11.8% −0.9% −1.1% −7.2%
November 9, 2023 −18.6% +0.8% −8.8% −4.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Karat Packaging Inc. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Karat Packaging Inc.
$400M $450M $500M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $402.7M Revenue (TTM), FY23 Q4: $405.7M Revenue (TTM), FY24 Q1: $405.5M Revenue (TTM), FY24 Q2: $409.3M Revenue (TTM), FY24 Q3: $416.6M Revenue (TTM), FY24 Q4: $422.6M Revenue (TTM), FY25 Q1: $430.6M Revenue (TTM), FY25 Q2: $442M Revenue (TTM), FY25 Q3: $453.8M Revenue (TTM), FY25 Q4: $467.7M Revenue (TTM), FY26 Q1: $481.1M Revenue (TTM), FY26 Q2: $493.4M $493.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $402.7M
FY23 Q4 $405.7M
FY24 Q1 $405.5M
FY24 Q2 $409.3M
FY24 Q3 $416.6M
FY24 Q4 $422.6M
FY25 Q1 $430.6M
FY25 Q2 $442M
FY25 Q3 $453.8M
FY25 Q4 $467.7M
FY26 Q1 $481.1M
FY26 Q2 $493.4M
Revenue growth, TTM YoY Karat Packaging Inc.
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -4.5% Revenue growth, TTM YoY, FY23 Q4: -4.1% Revenue growth, TTM YoY, FY24 Q1: -1.9% Revenue growth, TTM YoY, FY24 Q2: 0.5% Revenue growth, TTM YoY, FY24 Q3: 3.4% Revenue growth, TTM YoY, FY24 Q4: 4.2% Revenue growth, TTM YoY, FY25 Q1: 6.2% Revenue growth, TTM YoY, FY25 Q2: 8.0% Revenue growth, TTM YoY, FY25 Q3: 8.9% Revenue growth, TTM YoY, FY25 Q4: 10.7% Revenue growth, TTM YoY, FY26 Q1: 11.7% Revenue growth, TTM YoY, FY26 Q2: 11.6% 11.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -4.5%
FY23 Q4 -4.1%
FY24 Q1 -1.9%
FY24 Q2 0.5%
FY24 Q3 3.4%
FY24 Q4 4.2%
FY25 Q1 6.2%
FY25 Q2 8.0%
FY25 Q3 8.9%
FY25 Q4 10.7%
FY26 Q1 11.7%
FY26 Q2 11.6%
Operating margin (TTM) Karat Packaging Inc.
8% 10% 12% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 10.5% Operating margin (TTM), FY23 Q4: 10.4% Operating margin (TTM), FY24 Q1: 9.2% Operating margin (TTM), FY24 Q2: 8.6% Operating margin (TTM), FY24 Q3: 8.4% Operating margin (TTM), FY24 Q4: 8.9% Operating margin (TTM), FY25 Q1: 8.7% Operating margin (TTM), FY25 Q2: 9.7% Operating margin (TTM), FY25 Q3: 8.9% Operating margin (TTM), FY25 Q4: 8.9% Operating margin (TTM), FY26 Q1: 8.7% Operating margin (TTM), FY26 Q2: 12.8% 12.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 10.5%
FY23 Q4 10.4%
FY24 Q1 9.2%
FY24 Q2 8.6%
FY24 Q3 8.4%
FY24 Q4 8.9%
FY25 Q1 8.7%
FY25 Q2 9.7%
FY25 Q3 8.9%
FY25 Q4 8.9%
FY26 Q1 8.7%
FY26 Q2 12.8%
FCF margin (TTM) Karat Packaging Inc.
5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.0% FCF margin (TTM), FY23 Q4: 12.5% FCF margin (TTM), FY24 Q1: 10.8% FCF margin (TTM), FY24 Q2: 10.1% FCF margin (TTM), FY24 Q3: 11.8% FCF margin (TTM), FY24 Q4: 11.1% FCF margin (TTM), FY25 Q1: 11.2% FCF margin (TTM), FY25 Q2: 10.0% FCF margin (TTM), FY25 Q3: 5.7% FCF margin (TTM), FY25 Q4: 7.1% FCF margin (TTM), FY26 Q1: 6.7% FCF margin (TTM), FY26 Q2: 11.3% 11.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.0%
FY23 Q4 12.5%
FY24 Q1 10.8%
FY24 Q2 10.1%
FY24 Q3 11.8%
FY24 Q4 11.1%
FY25 Q1 11.2%
FY25 Q2 10.0%
FY25 Q3 5.7%
FY25 Q4 7.1%
FY26 Q1 6.7%
FY26 Q2 11.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Karat Packaging took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $468M
  2. Cost of revenue $296M · 63.2%
  3. Gross profit $172M · 36.8%
  4. Selling, general and admin $77.4M · 16.5%
  5. Other operating costs $53.4M · 11.4%
  6. Operating income $41.4M · 8.9%
  7. Income tax $10.4M · 2.2%
  8. Net income $31.5M · 6.7%

Shares of revenue. Source: Karat Packaging's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 296 364 423 406 423 468 493
Gross profit 89 108 132 153 164 172 201
EBITDA 36 33 40 53 48 52 74
Operating income 28 23 30 42 38 41 63
Net income 18 21 24 32 30 31 50
Diluted EPS $1.13 $1.12 $1.19 $1.63 $1.49 $1.56 $2.49
Growth (year on year)
Revenue — +23.3% +16.1% −4.1% +4.2% +10.7% +11.6%
EBITDA — −8.5% +21.8% +30.8% −8.4% +8.0% +38.0%
Operating income — −16.4% +29.7% +40.2% −10.3% +9.7% +47.0%
Net income — +18.6% +13.8% +37.3% −7.7% +5.0% +56.6%
Diluted EPS — −0.9% +6.3% +37.0% −8.6% +4.7% +57.0%
Margins
Gross margin 30.2% 29.6% 31.2% 37.7% 38.9% 36.8% 40.7%
EBITDA margin 12.3% 9.1% 9.6% 13.0% 11.5% 11.2% 15.0%
Operating margin 9.4% 6.4% 7.1% 10.4% 8.9% 8.9% 12.8%
Net margin 5.9% 5.7% 5.6% 8.0% 7.1% 6.7% 10.2%
Free-cash-flow margin −5.1% 1.2% 6.3% 12.5% 11.1% 7.1% 11.3%
Cash flow
Cash from operations 15 9 29 53 48 34 57
Capital spending 30 4 3 3 1 1 1
Free cash flow −15 5 27 51 47 33 56
Stock-based pay 0 2 2 1 2 1 1
Free cash flow after stock pay −15 2 25 50 45 32 54
Balance sheet
Cash 0 6 16 23 32 38 38
Total debt 65 37 43 50 49 36 35
Net debt (negative = net cash) 64 30 27 27 17 −2 −4
Diluted shares 15m 19m 20m 20m 20m 20m 20m
Returned to shareholders
Dividends 1 0 7 21 31 36 36
Buybacks 0 0 — — 0 3 —
Total returned 1 0 7 21 31 39 36

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $317m
Short-term assets $199mLonger-term assets $117m
What it owes, and who funded it · $309m
Short-term liabilities $89mLonger-term liabilities $54mShareholders' equity $166m
  • Short-term assets cover short-term liabilities $199m of assets due within a year against $89m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $199m short-term assets against $54m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $63m against $2m of interest.

From Karat Packaging Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$36M
Returned to shareholders
65%
of free cash flow
Buybacks, last 3 fiscal years
$3M
Diluted share count
−0.2%
year over year
Total shareholder yield
3.4%
dividends 3.4% + buybacks 0.0% of market value
Dividend payout ratio
72%
of net income paid out
Days sales outstanding
36 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in metal, glass & plastic containers
Last 12 months unless stated KRT MYE ATR AMBP OI SLGN Median
Revenue, last 12 months $493m $857m $4.0bn $5.5bn $6.3bn $6.7bn $5.9bn
Revenue growth, last 12 months 11.6% 24.8% 9.0% 12.0% −1.9% 8.4% 11.8%
Revenue growth, 3-year average 6.6% 0.9% 5.0% — −4.0% 2.1% 4.2%
Revenue growth, latest quarter 9.9% 8.1% 6.0% — −1.8% 6.8% 8.1%
Gross margin 40.7% 33.9% 30.9% 12.4% 13.2% 17.1% 17.8%
Operating margin 12.8% 10.7% 11.9% 4.4% −0.7% 8.7% 10.1%
Operating margin, 3-year average 10.4% 8.8% 13.0% — 0.9% 8.5% 9.4%
Net margin 10.2% 3.3% 6.7% 0.2% −18.9% 4.0% 4.9%
Cash from operations / revenue 11.5% 11.6% 14.4% 8.2% 5.8% 9.6% 10.6%
Free-cash-flow margin 11.3% 9.5% 7.3% 5.0% −0.7% 5.1% 6.5%
Free-cash-flow margin, 3-year average 10.5% 8.4% 8.7% — −0.8% 5.0% 8.3%
Stock pay / revenue 0.2% 0.6% 1.0% — 0.4% 0.3% 0.3%
Change in share count −0.2% 0.6% −3.8% 0.0% 0.1% −1.1% −0.7%

Median of all 8 companies we cover in metal, glass & plastic containers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

8 metal, glass & plastic containers companies
Measure Company Peer median Rank
Revenue growth Growth 11.6% 12.0% 5 of 8
Change in growth rate Growth -0.1pp +1.8pp 7 of 8
Gross margin Profitability 40.7% 17.1% 1 of 5
Operating margin Profitability 12.8% 11.9% 1 of 6
Net margin Profitability 10.2% 5.8% 1 of 8
Free-cash-flow margin Cash generation 11.3% 7.3% 1 of 8
Stock pay as % of revenue Cash generation 0.2% 0.4% 1 of 5
Change in share count Balance sheet -0.2% -0.2% 5 of 8
Days sales outstanding Balance sheet 36 days 46 days 3 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
National Distribution $371M 78.4% ▲ 12.5%
Online $75.3M 15.9% ▲ 7.4%
Retail $21.9M 4.6% ▼ 5.0%
Logistics Services $4.7M 1.0% ▼ 15.0%

From Karat Packaging Inc.'s 10-K filed March 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$238M
Institutions reporting
142
Shares held vs prior quarter
▲ 10.7%
Positions opened / closed
29 / 17

Top buyers and sellers, Q2 2026: 90 institutions bought and 49 sold ; the biggest buyer was Acadian Asset Management LLC (+147K shares) and the biggest seller Harel Insurance Investments & Financial Services Ltd (−151K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $19.8M 593K 8.3% ▲ 4.2%
Acadian Asset Management LLC $13.9M 414K 5.8% ▲ 55.0%
Vanguard Capital Management LLC $13.1M 390K 5.5% ▲ 0.6%
Ranger Investment Management, L.P. $11.1M 333K 4.7% ▲ 2.3%
Geode Capital Management, LLC $9.8M 292K 4.1% ▲ 36.2%
American Century Companies Inc $8.8M 263K 3.7% ▲ 0.6%
Dimensional Fund Advisors LP $8M 240K 3.4% ▲ 9.9%
Russell Investments Group, Ltd. $7.7M 232K 3.3% ▲ 15.5%
Bank Of Montreal $7.7M 231K 3.2% ▼ 0.1%
Two Sigma Investments, LP $7.6M 228K 3.2% ▲ 9.4%
AQR Capital Management LLC $7.5M 225K 3.2% ▲ 38.0%
De Lisle Partners LLP $7.3M 218K 3.1% ▼ 4.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Karat Packaging Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $30,092 1 trade by 1 insider, last 12 months Insider sales History → $599,005 4 trades by 1 insider · 0% under pre-set plans
Net ▼ $568,913 net selling
Insider Date Trade Shares Price Value
Cheng Marvin VP-Manufacturing, Secy September 8, 2026 Sell 2,000 $48.50 $97,000
Cheng Marvin VP-Manufacturing, Secy September 4, 2026 Sell 4,000 $48.38 $193,520
Cheng Marvin VP-Manufacturing, Secy September 1, 2026 Sell 2,000 $47.75 $95,500
Cheng Marvin VP-Manufacturing, Secy August 20, 2026 Sell 4,500 $47.33 $212,985
Guo Jian Chief Financial Officer November 12, 2025 Buy 1,361 $22.11 $30,092

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 12, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Karat Packaging Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Karat Packaging Inc. in brief

What does Karat Packaging Inc. do?
Karat Packaging Inc. is a US-listed company in the metal, glass & plastic containers industry. Its financial year ends in December.
What is Karat Packaging Inc.'s stock ticker?
Karat Packaging Inc. trades under the ticker KRT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Karat Packaging Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Karat Packaging Inc. reported revenue of $493M, 11.6% higher than a year earlier, according to its SEC filings.
What is Karat Packaging Inc.'s free cash flow?
Karat Packaging Inc.'s free-cash-flow margin is 11.3% of revenue over the trailing twelve months, ranking 1 of the 8 metal, glass & plastic containers companies we cover.
What is Karat Packaging Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Karat Packaging Inc.'s free cash flow after stock-based pay gives ~$66 per share in the base case, and ~$50–$87 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Karat Packaging Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Acadian Asset Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Karat Packaging Inc.'s market cap?
On November 2, 2026, Karat Packaging Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 21.3 and net debt of -$3.8M. Market figures come from third-party market data and may be delayed.
Does Karat Packaging Inc. pay a dividend?
Yes: Karat Packaging Inc. paid $36M in dividends over the trailing twelve months, a dividend yield of 3.41% and a payout ratio of 71.7%.
Who are Karat Packaging Inc.'s competitors?
In our Metal, Glass & Plastic Containers peer group, the companies closest to Karat Packaging Inc. are Myers Industries Inc, Aptargroup, Inc., Ardagh Metal Packaging S.a., O-i Glass, Inc. and Silgan Holdings Inc. The side-by-side comparison below sets their revenue, margins and growth against Karat Packaging Inc.'s.
Are insiders buying or selling Karat Packaging Inc. stock?
Over the last 12 months, Karat Packaging Inc.'s directors and officers reported 1 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Karat Packaging Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Karat Packaging Inc. announces its own schedule.