6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.6% per year over the past 5 years.
Net income has grown faster than revenue (12.4% vs 9.6% per year).
Operating margin has been roughly flat, at 8.9% in the latest year.
Financial health
Total debt has grown slower than revenue (-51.3% vs 9.6% per year).
Operating income covered interest expense 20× in the latest year.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 114.7% of earnings and 109.2% of free cash flow.
The dividend has grown 126.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$468M
$31M
36.8%
8.9%
21.1%
10.9%
$33M
—
$38M
2024
$423M
$30M
38.9%
8.9%
19.3%
10.2%
$47M
—
$32M
2023
$406M
$32M
37.7%
10.4%
21.1%
11.7%
$51M
$1M
$23M
2022
$423M
$24M
31.2%
7.1%
16.7%
9.4%
$27M
$1M
$16M
2021
$364M
$21M
29.6%
6.4%
16.9%
10.0%
$5M
$1M
$6M
2020
$296M
$18M
30.2%
9.4%
54.1%
9.7%
-$15M
$11M
$448000
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$136M
$29M
56.6%
27.6%
17.6%
9.3%
$33M
—
$38M
Mar '26
$117M
$7M
35.5%
7.2%
4.6%
2.4%
$7M
—
$29M
Dec '25
$116M
$7M
34.0%
7.3%
4.6%
2.4%
$15M
—
$38M
Sep '25
$125M
$7M
34.5%
6.9%
4.7%
2.4%
$736000
—
$24M
Jun '25
$124M
$11M
39.6%
13.3%
7.0%
3.4%
$10M
—
$31M
Mar '25
$104M
$6M
39.3%
7.5%
4.2%
2.1%
$8M
—
$32M
Dec '24
$102M
$6M
39.2%
7.2%
3.6%
1.9%
$8M
—
$32M
Sep '24
$113M
$9M
38.6%
10.0%
5.8%
3.0%
$19M
—
$39M
Jun '24
$113M
$9M
38.5%
9.9%
5.8%
2.9%
$13M
—
$19M
Mar '24
$96M
$6M
39.3%
8.4%
4.0%
2.2%
$6M
$1M
$13M
Dec '23
$96M
$4M
35.7%
4.8%
2.5%
1.4%
$10M
$1M
$23M
Sep '23
$106M
$9M
36.9%
10.8%
5.9%
3.2%
$11M
$1M
$28M
Jun '23
$109M
$11M
38.5%
12.3%
6.8%
3.7%
$16M
$1M
$18M
Mar '23
$96M
$9M
39.8%
13.3%
6.0%
3.3%
$13M
$1M
$23M
Dec '22
$93M
$5M
32.0%
5.2%
3.2%
1.8%
$16M
$1M
$16M
Sep '22
$110M
$6M
31.1%
7.2%
4.2%
2.5%
$20M
$1M
$8M
Jun '22
$115M
$6M
29.6%
6.8%
4.6%
2.6%
$3M
$1M
$4M
Mar '22
$105M
$7M
32.5%
9.0%
5.1%
2.8%
-$12M
$1M
$7M
Dec '21
$91M
$6M
31.0%
7.8%
4.6%
2.7%
$10M
$1M
$6M
Sep '21
$103M
$4M
29.0%
5.2%
3.3%
1.9%
-$2M
$1M
$2M
Valuation over time
How the market has priced KRT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 11.1× (Mar '23) to 33.1× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 2.2× (Nov '26).
The dividend yield has risen from 2.6% (Mar '23) to 3.5% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is KRT growing its revenue and profit?
Over the past 5 years, Karat Packaging Inc.'s revenue has grown 9.6% per year, and net income grown 12.4% per year. These are computed facts, not advice.
How much debt does KRT have?
As of FY2025, Karat Packaging Inc. reported — of total debt against $38M of cash; operating income covered interest expense 20×.
What is KRT's profit margin?
In FY2025, gross margin was 36.8%, operating margin 8.9%, and net margin 6.7%.
What is KRT's P/E ratio?
Karat Packaging Inc.'s P/E (TTM) is 20.73 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the KRT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 33.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.