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Financials · KRT

Karat Packaging Inc. (KRT) financials

For the twelve months ended Sep 30, 2026, Karat Packaging Inc. reported $503.61M of revenue and $47.99M of net income.

Revenue, TTM
$503.61M
Revenue growth, YoY
+11.0%
Net income, TTM
$47.99M
Net income growth, YoY
+55.8%
Net margin
9.5%
Free cash flow, TTM
$64.47M
EPS, diluted, TTM
$2.36
EPS growth, YoY
+57.3%
Cash
$33.44M
P/E
13.93
P/S
1.33
Market cap
$668.5M
Annual revenue$467.74M
FY2020FY2025
Annual net income$31.48M
FY2020FY2025
Annual free cash flow$33.06M
FY2020FY2025

KRT revenue and earnings growth

KRT revenueQ3 2026$134.74M

Quarter YoY
+8.2%
QoQ
-1.1%
FY YoY
+10.7%
5Y CAGR
+9.6%

KRT revenue was $134.74M in fiscal Q3 2026 (ended Sep 30, 2026), up 8.2% from a year earlier and down 1.1% from the prior quarter. For the full fiscal 2025 it was $467.74M, up 10.7% from fiscal 2024. Compound annual growth was +9.6% over 5 years. It rose in 4 of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

KRT net incomeQ3 2026$4.39M

Quarter YoY
-40.0%
QoQ
-85.2%
FY YoY
+5.0%
5Y CAGR
+12.4%

KRT net income was $4.39M in fiscal Q3 2026 (ended Sep 30, 2026), down 40.0% from a year earlier and down 85.2% from the prior quarter. For the full fiscal 2025 it was $31.48M, up 5.0% from fiscal 2024. Compound annual growth was +12.4% over 5 years. It rose in 4 of the last 5 fiscal years.

KRT EPSQ3 2026$0.22

Quarter YoY
-38.9%
QoQ
-84.9%
FY YoY
+4.7%
5Y CAGR
+6.7%

KRT diluted EPS was $0.22 in fiscal Q3 2026 (ended Sep 30, 2026), down 38.9% from a year earlier and down 84.9% from the prior quarter. For the full fiscal 2025 it was $1.56, up 4.7% from fiscal 2024. Compound annual growth was +6.7% over 5 years.

KRT free cash flowQ3 2026$9.62M

Quarter YoY
13x
QoQ
-70.9%
FY YoY
-29.7%

KRT free cash flow was $9.62M in fiscal Q3 2026 (ended Sep 30, 2026), up about 13-fold from a year earlier and down 70.9% from the prior quarter. For the full fiscal 2025 it was $33.06M, down 29.7% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$467.74M$422.63M$405.65M$422.96M$364.24M$295.52M
Cost of revenue$295.61M$258.30M$252.61M$290.87M$256.42M$206.39M
Gross profit$172.14M$164.33M$153.04M$132.09M$107.83M$89.13M
Selling, general and admin$77.37M$71.53M$66.95M$66.26M$52.42M$39.24M
Operating income$41.41M$37.76M$42.08M$30.02M$23.14M$27.70M
Interest expense$2.06M$2.12M$2.04M$2.02M$2.91M-
Pre-tax income$43.02M$40.70M$42.98M$32.51M$27.53M$21.93M
Income tax$10.36M$9.87M$9.80M$6.68M$5.09M$5.26M
Net income$31.48M$29.98M$32.47M$23.65M$20.78M$17.52M
EPS, basic$1.57$1.50$1.63$1.19$1.13$1.15
EPS, diluted$1.56$1.49$1.63$1.19$1.12$1.13
Diluted shares20.2M20.1M20.0M19.9M18.6M15.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$37.88M$31.58M$23.08M$16.04M$6.48M$448.0K
Short-term investments$0$28.34M$26.34M$0--
Receivables$36.40M$26.74M$27.76M$29.91M$32.78M$23.84M
Inventory$81.68M$70.72M$71.53M$71.21M$58.47M$48.96M
Current assets$161.19M$161.00M$154.93M$123.80M$102.87M$79.78M
Goodwill$3.51M$3.51M$3.51M$3.51M$3.51M$3.11M
Total assets$287.69M$294.52M$276.40M$252.18M$207.60M$181.10M
Current liabilities$70.22M$46.45M$44.40M$39.25M$30.76M$43.14M
Short-term debt$12.94M$1.18M$1.12M$957.0K$1.18M$11.36M
Long-term debt--$203.0K$216.0K$200.0K$100.0K
Total debt--$1.32M$1.17M$1.38M$11.46M
Total liabilities$130.82M$132.32M$113.71M$100.24M$75.57M$141.24M
Shareholders' equity$149.42M$162.20M$162.69M$151.93M$132.03M$39.87M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$33.81M$47.98M$53.38M$29.47M$8.68M$14.55M
Capital expenditures$756.0K$934.0K$2.83M$2.66M$4.17M$29.54M
Free cash flow$33.06M$47.05M$50.54M$26.82M$4.50M-$14.99M
Investing cash flow$25.40M-$5.86M-$30.17M-$17.84M-$13.28M-$37.35M
Financing cash flow-$52.92M-$33.62M-$16.17M-$2.07M$10.64M$22.45M
Dividends paid$36.10M$31.02M$20.91M$6.96M$0$606.0K
Share repurchases$3.00M$0--$0$248.0K
Stock-based compensation$1.18M$2.06M$770.0K$2.05M$2.03M$0
Depreciation and amortization$10.89M$10.68M$10.78M$10.40M$10.04M$8.57M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY10.7%4.2%-4.1%16.1%23.3%-
Net income growth, YoY5.0%-7.7%37.3%13.8%18.6%-
EPS growth, YoY4.7%-8.6%37.0%6.2%-0.9%-
Gross margin36.8%38.9%37.7%31.2%29.6%30.2%
Operating margin8.9%8.9%10.4%7.1%6.4%9.4%
Net margin6.7%7.1%8.0%5.6%5.7%5.9%
Free cash flow margin7.1%11.1%12.5%6.3%1.2%-5.1%
Return on equity21.1%18.5%20.0%15.6%15.7%43.9%
Return on assets10.9%10.2%11.7%9.4%10.0%9.7%
Current ratio2.303.473.493.153.341.85
Debt to equity--0.010.010.010.29

Source: XBRL data Karat Packaging Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

KRT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
KRT$503.61M+11.0%$47.99M9.5%$668.5M
ENTG$3.52B+9.4%$392.80M11.1%$19.55B
ATR$3.99B+9.0%$267.19M6.7%$9.03B
AWI$1.75B+9.1%$320.90M18.4%$7.16B
NWL$7.31B+0.8%-$323.00M-4.4%$2.33B
MYE$857.49M+24.8%$28.67M3.3%$1.01B
SWIM$596.91M+11.9%$9.27M1.6%$924.3M
CMT$286.23M+9.4%$6.98M2.4%$191.6M
DSWL$61.33M-9.3%$10.63M17.3%$48.3M

KRT FAQ

9 questions
  • What is KRT revenue?
    Karat Packaging Inc. (KRT) reported $503.61M of revenue for the twelve months ended Sep 30, 2026. That is up 11.0% from the year before. Revenue for fiscal 2025 was $467.74M.
  • Is KRT profitable?
    Yes. Karat Packaging Inc. earned $47.99M in net income for the twelve months ended Sep 30, 2026, a net margin of 9.5%.
  • How much cash and debt does KRT have?
    Karat Packaging Inc. reported $33.44M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is KRT revenue growing?
    Karat Packaging Inc.'s revenue changed +10.7% in fiscal 2025, to $467.74M. Its compound annual growth rate was +9.6% over 5 years.
  • What is KRT gross margin?
    Karat Packaging Inc.'s gross profit was $203.17M on $503.61M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 40.3%.
  • What is KRT free cash flow?
    Karat Packaging Inc. generated $64.47M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $65.38M less capital expenditures.
  • What is KRT earnings per share?
    Diluted earnings per share were $2.36 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did KRT last report financial results?
    The latest statements here come from Karat Packaging Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this KRT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Karat Packaging Inc. files with the SEC. It is provided for information only and is not investment advice.