Karat Packaging Inc.
KRT · Plastics Products, NEC · 20.0M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Grade
B77Nimble, profitable foodservice-packaging distributor with top-decile returns and disciplined tariff/supply-chain management.
Strengths
- Top-decile ROE (21%, 87.5th pct) and ROA (10.9%, 88.9th pct) with gross margin at 75th pct
- Record sales (+10.7%), positive FCF, dividends, and a new buyback
Risks
- Margin pressure from tariffs (gross margin down ~210bps) in a fragmented, competitive industry
- Reliance on imported product and freight/raw-material cost volatility
Notable findings
- Auditor changeRecent 8-K item 4.01 8-K ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
36.8%
Operating margin
8.9%
Net margin
6.7%
Return on equity
21.1%
Return on assets
10.9%
Revenue growth (QoQ)
1.2%
Net-income growth
5.0%
Current ratio
2.3×
Free cash flow
$33M
EBITDA
$52M
Tangible book value
$146M
Cash & investments
$38M
Stock comp / revenue
0.3%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-17 | 2026-06-16 | 0001758021-26-000023 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001758021-26-000021 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001758021-26-000019 ↗ |
| 8-K | 2026-05-06 | 2026-05-05 | 0001758021-26-000017 ↗ |
| 8-K | 2026-03-17 | 2026-03-13 | 0001758021-26-000012 ↗ |
| 10-K | 2026-03-13 | 2025-12-31 | 0001758021-26-000010 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0001758021-26-000008 ↗ |
| 8-K | 2026-02-06 | 2026-02-05 | 0001758021-26-000004 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001758021-25-000009 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001758021-25-000007 ↗ |
| 8-K | 2025-11-05 | 2025-11-04 | 0001758021-25-000005 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001628280-25-039187 ↗ |