Karat Packaging Inc

KRT · NASDAQ · Consumer Cyclical / Packaging & Containers

33.45USD-1.87 (-5.29%)

Price History

Full chart

Market Stats

Previous Close35.32

Open35.21

Day Range33.20 – 36.26

52-Week Range19.60 – 54.67

Volume377.60K

Market Cap1.06B

P/E (TTM)21.30

Forward P/E0.00

EPS2.50

Dividend Yield3.54%

Beta0.81

50-Day Avg46.61

200-Day Avg32.09

About

Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It offers food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, utensils, janitorial and warehouse supplies, and other products under the Karat Earth brand. The company also distributes food and beverage items, such as syrups, boba tea, and coffee drinks; and provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. Karat Packaging Inc. was founded in 2000 and is based in Chino, California.

Company Details

SectorConsumer Cyclical
IndustryPackaging & Containers
CEOMr. Alan Yu
Employees636
Headquarters6185 Kimball Avenue, Chino, CA, United States, 91708, USA
Websitehttps://www.karatpackaging.com

Leadership

Mr. Alan YuCo-Founder, Chairman & CEO · b. 1970
Ms. Jian GuoCFO & Director · b. 1979
Mr. Daniel QuireChief Revenue Officer · b. 1983
Mr. Marvin ChengCo-Founder, VP of Manufacturing & Secretary · b. 1970

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	140.06M	175.43M	224.91M	295.52M	364.24M	422.96M	405.65M	422.63M	467.74M
Growth (%)	-	+25.26%	+28.20%	+31.39%	+23.26%	+16.12%	-4.09%	+4.19%	+10.67%
Cost of Revenue	98.75M	131.98M	163.89M	206.39M	256.42M	290.87M	252.61M	258.30M	295.61M
Gross Profit	41.30M	43.45M	61.02M	89.13M	107.83M	132.09M	153.04M	164.33M	172.14M
Gross Margin	29.49%	24.77%	27.13%	30.16%	29.60%	31.23%	37.73%	38.88%	36.80%
Operating Expense	35.30M	41.32M	55.18M	61.43M	84.68M	102.07M	110.97M	126.57M	131.00M
Operating Income	6.01M	2.13M	5.84M	27.70M	23.14M	30.02M	42.08M	37.76M	41.13M
Operating Margin	4.29%	1.22%	2.59%	9.37%	6.35%	7.10%	10.37%	8.93%	8.79%
EBITDA	9.13M	6.09M	13.65M	34.42M	40.48M	48.76M	60.78M	61.12M	66.19M
EBITDA Margin	6.52%	3.47%	6.07%	11.65%	11.11%	11.53%	14.98%	14.46%	14.15%
Net Income	4.55M	21.00K	1.72M	17.52M	20.78M	23.65M	32.47M	29.98M	31.48M
Net Income Margin	3.25%	0.01%	0.77%	5.93%	5.70%	5.59%	8.00%	7.09%	6.73%
Interest Expense	1.28M	1.46M	4.75M	5.49M	2.91M	2.02M	2.04M	2.12M	2.06M
Interest Expense % of Total Revenue	0.91%	0.83%	2.11%	1.86%	0.80%	0.48%	0.50%	0.50%	0.44%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	64.09M	96.01M	133.35M	181.10M	207.60M	252.18M	276.40M	294.52M	287.69M
Total Liabilities	53.39M	74.12M	109.30M	141.24M	75.57M	100.24M	113.71M	132.32M	130.82M
Total Equity	10.70M	14.02M	15.74M	32.40M	122.90M	141.68M	154.12M	155.57M	149.42M
Cash	791.00K	965.00K	802.00K	448.00K	6.48M	16.04M	23.08M	31.58M	37.88M
Total Debt	32.87M	49.59M	75.22M	98.55M	36.52M	58.65M	71.00M	92.87M	79.86M
Net Debt	32.08M	48.63M	74.41M	98.11M	30.03M	42.61M	47.93M	61.29M	41.98M

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	1.00M	2.72M	-32.00K	14.55M	8.68M	29.47M	53.38M	47.98M	33.81M
Investing Cash Flow	-6.35M	-24.31M	-24.76M	-37.35M	-13.28M	-17.84M	-30.17M	-5.86M	24.14M
Financing Cash Flow	5.96M	21.76M	24.63M	22.45M	10.64M	-2.07M	-16.17M	-33.62M	-51.66M
Capital Expenditure	5.51M	31.91M	34.81M	36.48M	12.38M	14.75M	9.33M	4.07M	4.50M
Free Cash Flow	-4.51M	-29.19M	-34.84M	-21.93M	-3.70M	14.73M	44.05M	43.91M	29.31M
Dividends Paid	700.00K	1.25M	606.00K	606.00K	6.96M	6.96M	23.20M	31.02M	36.10M
FCF to OCF	-449.90%	-1074.38%	108884.38%	-150.79%	-42.65%	49.97%	82.52%	91.52%	86.68%
Dividend Paid to FCF	-15.53%	-4.27%	-1.74%	-2.76%	-188.11%	47.29%	52.68%	70.63%	123.17%

Earnings

Report Date	Sep 17, 2019	Oct 13, 2020	Feb 18, 2021	May 27, 2021	Aug 12, 2021	Nov 11, 2021	Mar 23, 2022	May 12, 2022	Aug 11, 2022	Nov 10, 2022	Mar 16, 2023	May 10, 2023	Aug 9, 2023	Nov 9, 2023	Mar 14, 2024	May 10, 2024	Aug 8, 2024	Nov 7, 2024	Mar 12, 2025	May 8, 2025	Aug 7, 2025	Nov 6, 2025	Mar 12, 2026	May 7, 2026	Aug 6, 2026	Nov 5, 2026
EPS Estimate	0.00	0.00	0.12	0.13	0.33	0.33	0.29	0.27	0.37	0.34	0.33	0.28	0.30	0.45	0.41	0.45	0.60	0.49	0.36	0.28	0.58	0.39	0.37	0.32	0.50	0.44
EPS Actual	0.08	0.82	0.27	0.13	0.31	0.19	0.32	0.36	0.34	0.33	0.30	0.46	0.69	0.47	0.24	0.40	0.49	0.47	0.29	0.33	0.55	0.37	0.34	0.34	1.45	-
Surprise	-	-	125.00%	0.00%	-6.06%	-42.42%	10.34%	33.33%	-8.11%	-2.94%	-9.09%	64.29%	130.00%	4.44%	-41.46%	-11.11%	-18.33%	-4.08%	-18.70%	17.86%	-5.17%	-5.13%	-8.11%	6.25%	190.00%	-
Timing	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap1.06B

Enterprise Value1.03B

Trailing P/E21.30

Forward P/E0.00

Price / Sales2.15

Price / Book6.16

EPS2.50

Book Value8.36

Revenue (TTM)493.38M

Gross Profit (TTM)175.16M

EBITDA48.18M

Profit Margin10.18%

Operating Margin8.71%

Return on Equity30.62%

Return on Assets7.29%

Shares Outstanding19.93M

Shares Float8.50M

Beta0.81

Dividend Yield3.54%

Dividend Rate1.88

Payout Ratio72.80%

Analyst Ratings

Buy

Based on 3 analystsTarget 46.50

Strong Buy
1
Hold
2

Ownership Breakdown

Institutions: 37.96%
Insiders: 58.06%
Retail / Other: 3.98%

Top Institutional Holders

BlackRock Inc
569.00K2.85%
Vanguard Capital Management, LLC
387.90K1.95%
Ranger Investment Management LP
332.60K1.67%
Acadian Asset Management LLC
267.31K1.34%
American Century Companies Inc
263.50K1.32%
Dimensional Fund Advisors, Inc.
240.13K1.20%
BMO Capital Markets Corp.
230.91K1.16%
Bank of Montreal
230.79K1.16%
Two Sigma Investments LLC
228.32K1.15%
Geode Capital Management, LLC
214.36K1.08%
Boston Partners Global Investors, Inc
199.94K1.00%
AQR Capital Management LLC
163.31K0.82%
Citadel Advisors Llc
157.07K0.79%
Bank of New York Mellon Corp
155.62K0.78%
State Street Corp
152.72K0.77%
Harel Insurance Invests & Fin Srvcs Ltd
151.18K0.76%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
283.93K1.42%
Avantis US Small Cap Value ETF
254.90K1.28%
iShares Russell 2000 ETF
222.64K1.12%
VT De Lisle America B USD
185.29K0.93%

Dividends

20263×

0.47Aug 21, 20260.45May 21, 20260.45Feb 20, 2026

20254×

0.45Nov 21, 20250.45Aug 20, 20250.45May 16, 20250.45Feb 24, 2025

20244×

0.40Nov 20, 20240.15Aug 21, 20240.35May 16, 20240.30Feb 20, 2024

20234×

0.20Nov 17, 20230.50Aug 30, 20230.40Aug 22, 20230.35May 22, 2023

20221×

0.35Nov 18, 2022