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Karat Packaging

KRT

Karat Packaging is a leading distributor and manufacturer of disposable foodservice products, offering a comprehensive range of items including containers, tableware, and specialty beverage ingredients.

Market cap
$1.07B+118%
Revenue$493.4M+11.6%
Net income$50.2M+56.6%
Free cash flow$55.6M+25.2%
EPS (diluted)$2.50+57.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (In 3 weeks)
Revenue estimate$140.3M
EPS estimate$0.41

Financials

Q2 2026

Income statement

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Revenue$136.3M+9.9%
Gross profit$77.2M+57.1%
Operating income$37.6M+127%
Net income$29.3M+168%
EPS (diluted)$1.46+170%

Balance sheet

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Cash & equivalents$38.4M+25.7%
Total debt$84.8M-14.7%
Total equity$166.5M+6.8%
Total assets$316.8M-1.3%

Cash flow

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Operating cash flow$33.2M+240%
CapEx$56.0K-66.5%
Free cash flow$33.1M+245%

Valuation & ratios

Valuation

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Market cap$1.07B+118%
Enterprise value$1.12B+96.5%
P/E21.4×+5.5×
P/S2.2×+1.1×

Profitability

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Gross margin40.7%+1.5pp
Operating margin12.8%+3.1pp
Net margin10.2%+2.9pp
FCF margin11.3%+1.2pp

Returns & leverage

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Return on equity31.2%+10.7pp
Debt / equity0.5×-0.1×
Current ratio2.3×-0.4×

Segments

By product

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Chains and distributors$105.9M+9.0%
Online$25.8M+23.6%
Retail$4.5M-23.4%

By segment

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Reportable Segment$136.3M+9.9%

Competitors

Profile

Karat Packaging is a leading distributor and manufacturer of disposable foodservice products, offering a comprehensive range of items including containers, tableware, and specialty beverage ingredients. The company provides both standard and customized solutions, such as new product development and design, to a diverse customer base ranging from national restaurant chains to online retailers. Karat is increasingly focused on environmental sustainability, leveraging a growing line of eco-friendly and compostable products to meet evolving regulatory standards and consumer preferences.

Competitive position

Karat positions itself as a nimble, differentiated provider with a hybrid asset-light model that balances global sourcing with domestic manufacturing. It is a leader in the eco-friendly foodservice packaging niche through its Karat Earth brand.

GeographiesUnited States, Taiwan, China, Malaysia, Vietnam
Customer segmentsRestaurant chains, Retailers, Distributors, Individual consumers
Business modelDirect-to-customer distribution, Manufacturing, E-commerce, B2B, B2C
SuppliersPlastic resin (PET) suppliers, Paper board manufacturers, Aluminum suppliers, Global vendor network (nearly 150 active vendors), Ocean and land freight carriers
CustomersFast casual and fast food chains, National and regional distributors, Supermarket chains, Airlines, Entertainment venues
Listed2021
Employees778.0
CEOAlan Yu
FilingsSEC EDGAR

FAQ

What is Karat Packaging's market cap?
Karat Packaging (KRT) has a market capitalization of $1.1B and trades on NASDAQ.
What is Karat Packaging's revenue and profitability?
Karat Packaging generated $493.4M in trailing twelve-month revenue with net income of $50.2M, representing a net margin of 10.2%. Gross margin stands at 40.7%, with free cash flow of $55.6M. The latest reported period is Q2 2026.
Who are Karat Packaging's competitors?
Karat Packaging's key competitors include ARKO Corp. Common Stock, Superior Group of Companies, Inc. Common Stock, Sonoco Products Company, and others. These companies compete in similar markets and product categories.
Who does Karat Packaging partner with?
Karat Packaging's notable partners include Amazon, Walmart, eBay, and others.
What subsidiaries does Karat Packaging have?
Karat Packaging's subsidiaries include Lollicup USA Inc., Global Wells Investment Group LLC.
Where is Karat Packaging headquartered?
Karat Packaging is headquartered in United States of America and employs approximately 778 people. It has been publicly traded since 2021.