KRT Financials Karat Packaging Inc.

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 28 h ago 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

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	FCF	Total debt	Cash
2025	$468M	$31M	36.8%	8.9%	$33M	—	$38M
2024	$423M	$30M	38.9%	8.9%	$47M	—	$32M
2023	$406M	$32M	37.7%	10.4%	$51M	$1M	$23M
2022	$423M	$24M	31.2%	7.1%	$27M	$1M	$16M
2021	$364M	$21M	29.6%	6.4%	$5M	$1M	$6M
2020	$296M	$18M	30.2%	9.4%	-$15M	$11M	$448000

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$117M	$7M	35.5%	7.2%	$7M	—	$29M
Dec '25	$116M	$7M	34.0%	7.3%	$15M	—	$38M
Sep '25	$125M	$7M	34.5%	6.9%	$736000	—	$24M
Jun '25	$124M	$11M	39.6%	13.3%	$10M	—	$31M
Mar '25	$104M	$6M	39.3%	7.5%	$8M	—	$32M
Dec '24	$102M	$6M	39.2%	7.2%	$8M	—	$32M
Sep '24	$113M	$9M	38.6%	10.0%	$19M	—	$39M
Jun '24	$113M	$9M	38.5%	9.9%	$13M	—	$19M
Mar '24	$96M	$6M	39.3%	8.4%	$6M	$1M	$13M
Dec '23	$96M	$4M	35.7%	4.8%	$10M	$1M	$23M
Sep '23	$106M	$9M	36.9%	10.8%	$11M	$1M	$28M
Jun '23	$109M	$11M	38.5%	12.3%	$16M	$1M	$18M
Mar '23	$96M	$9M	39.8%	13.3%	$13M	$1M	$23M
Dec '22	$93M	$5M	32.0%	5.2%	$16M	$1M	$16M
Sep '22	$110M	$6M	31.1%	7.2%	$20M	$1M	$8M
Jun '22	$115M	$6M	29.6%	6.8%	$3M	$1M	$4M
Mar '22	$105M	$7M	32.5%	9.0%	-$12M	$1M	$7M
Dec '21	$91M	$6M	31.0%	7.8%	$10M	$1M	$6M
Sep '21	$103M	$4M	29.0%	5.2%	-$2M	$1M	$2M
Jun '21	$95M	$10M	29.7%	7.3%	-$8M	—	$8M

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 19.7× (Jun '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.3× (Jun '26).
The dividend yield has risen from 2.6% (Mar '23) to 5.8% (Jun '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?

As of Jun '26, Karat Packaging Inc. traded at a price-to-earnings ratio of about 19.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.