Karat Packaging Inc.KRT

NasdaqMaterialsPlastics Products, NEC
Price (close)
$54.16
Market cap
$1.1B
P/E
21.5x
Revenue (TTM)
$493.4M
Net income
$50.2M
Dividend yield
3.36%
1-year total return
136.9%
Net margin
10.2%
Revenue growth
11.6%
Debt / equity
0.07x

What Karat Packaging Inc. does.

As used in this Annual Report on Form 10-K, “we”, “us”, “our”, “Karat”, “the Company” or “our Company” refer to Karat Packaging Inc., a Delaware corporation, and, unless the context requires otherwise, our operating subsidiaries. References to “Global Wells” or “our variable interest entity” refer to Global Wells Investment Group LLC, a Texas limited liability company and our consolidated variable interest entity, in which the Company has an equity interest and which is controlled by one of our stockholders. References to “Lollicup” refer to Lollicup USA Inc., our wholly-owned subsidiary incorporated in California in 2001 and redomesticated to the State of Texas in October 2025.

We are a rapidly-growing and nimble distributor and manufacturer of disposable foodservice products and related items, including food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, janitorial supplies, and other products. Our products are available in plastic, paper, biopolymer-based, and other compostable forms. We are a leader in product innovation, offering a growing line of environmentally-friendly products to our customers, who are increasingly focused on sustainability. We also offer customized solutions to our customers, including new product development, design, printing and logistics services.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$295.5M$364.2M$423.0M$405.7M$422.6M$467.7M
Net income$17.5M$20.8M$23.6M$32.5M$30.0M$31.5M
Free cash flow-$15.0M$4.5M$26.8M$50.5M$47.0M$33.1M

More on KRT.

Figures from Karat Packaging Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.