Stocktoria

Karat Packaging Inc. KRT

Nasdaq · stock · Plastics Products, NEC · website · IPO 2019-10-16 · LEI

Karat Packaging Inc. statistics & valuation

Market cap$633.2M
P / E20.1×
P / S1.4×
P / B4.0×
P / FCF19.2×
Dividend yield5.70%
Net margin6.7%
Return on equity20.1%
FCF margin7.1%
Return on capital19%
Graham number -65.8%$16.52

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($16.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.90% 5.70% 5.60% 8.00% 7.10% 6.70% 202020212022202320242025
Gross margin (%)
30.20% 29.60% 31.20% 37.70% 38.90% 36.80% 202020212022202320242025
Operating margin (%)
9.40% 6.40% 7.10% 10.40% 8.90% 8.90% 202020212022202320242025
Return on equity (%)
43.90% 15.70% 15.60% 20.00% 18.50% 20.10% 202020212022202320242025
Shares outstanding
15.4M 19.8M 19.9M 20.0M 20.1M 20.2M 202020212022202320242025
Net debt ($)
-$348000 -$6.3M -$15.8M -$22.9M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
9.70% 10.00% 9.40% 11.70% 10.20% 10.90% 202020212022202320242025
Free cash flow margin (%)
-5.10% 1.20% 6.30% 12.50% 11.10% 7.10% 202020212022202320242025
Debt / equity (×)
0.00× 0.00× 0.00× 0.00× 202020212022202320242025
EPS ($)
$1.13 $1.12 $1.19 $1.63 $1.49 $1.56 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Karat Packaging Inc. trades at about 30.9× earnings — above its 10-year norm (10-year range 12.6×–20.7×, median 14.8×).

12.6× 30.9×

Shaded band = 10-year range (12.6×–20.7×); dot = today's 30.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
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%
FCF margin7.1%11.1%12.5%6.3%1.2%-5.1%
Return on assets10.9%10.2%11.7%9.4%10.0%9.7%
Return on equity20.1%18.5%20.0%15.6%15.7%43.9%
Debt / equity——0.00×0.00×0.00×0.00×
Current ratio2.303.473.493.153.341.85

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.