Karat Packaging Inc. (KRT) Key Metrics
KRT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.06B
- Enterprise value
- $1.03B
- P/E (TTM)
- 21.3 10-yr median 15.3
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.2 10-yr median 1.1
- Price / book
- 6.2 10-yr median 3.2
- EV / EBITDA
- 13.8 10-yr median 8.5
- Dividend yield
- 3.53% $1.88 a year
- Beta
- 0.76
KRT key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKRT valuation Price multiples at each fiscal year-end price.
KRT returns How much profit the business earns on the capital it uses.
KRT per-share figures Results divided by the shares outstanding at year-end.
KRT financial health Debt, liquidity and how easily interest is covered.
KRT efficiency & capital use Working capital cycle and where the cash goes.
KRT valuation history
KRT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KRT cash returned to shareholders
KRT price vs earnings per share
KRT key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $455.5M | $609.0M | $496.4M | $286.3M | $400.2M | — | — | — | — |
| Enterprise value | $497.4M | $641.9M | $518.0M | $328.9M | $430.3M | — | — | — | — |
| P/E ratio | 14.5 | 20.3 | 15.3 | 12.1 | 19.3 | — | — | — | — |
| Price / sales | 1.0 | 1.4 | 1.2 | 0.7 | 1.1 | — | — | — | — |
| Price / book | 3.0 | 3.9 | 3.2 | 2.0 | 3.3 | — | — | — | — |
| Price / free cash flow | 15.5 | 13.9 | 11.3 | 19.4 | — | — | — | — | — |
| Price / operating cash flow | 13.5 | 12.7 | 9.3 | 9.7 | 46.1 | — | — | — | — |
| EV / sales | 1.1 | 1.5 | 1.3 | 0.8 | 1.2 | — | — | — | — |
| EV / EBITDA | 7.5 | 10.5 | 8.5 | 6.7 | 10.6 | — | — | — | — |
| EV / free cash flow | 17.0 | 14.6 | 11.8 | 22.3 | — | — | — | — | — |
| Earnings yield | 6.9% | 4.9% | 6.5% | 8.3% | 5.2% | — | — | — | — |
| Free cash flow yield | 6.4% | 7.2% | 8.9% | 5.1% | −0.9% | — | — | — | — |
| Dividend yield | 7.9% | 5.1% | 4.7% | 2.4% | 1.7% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 8.6% | 5.1% | 4.7% | 4.9% | 1.7% | — | — | — | — |
| Share price at fiscal year-end | $22.57 | $30.26 | $24.85 | $14.37 | $20.21 | — | — | — | — |
| Per share | |||||||||
| Revenue per share | $23.18 | $21.00 | $20.31 | $21.23 | $18.39 | $19.13 | $14.81 | $9.18 | $9.51 |
| Earnings per share | $1.56 | $1.49 | $1.63 | $1.19 | $1.05 | $1.13 | $0.11 | $0.00 | $0.31 |
| Operating cash flow per share | $1.68 | $2.38 | $2.67 | $1.48 | $0.44 | $0.94 | −$0.00 | $0.14 | $0.07 |
| Free cash flow per share | $1.45 | $2.18 | $2.20 | $0.74 | −$0.19 | −$1.42 | −$2.29 | −$1.53 | −$0.31 |
| Cash per share | $1.88 | $2.98 | $2.47 | $0.81 | $0.33 | $0.03 | $0.05 | $0.05 | $0.05 |
| Book value per share | $7.40 | $7.73 | $7.71 | $7.11 | $6.21 | $2.10 | $1.04 | $0.73 | $0.73 |
| Tangible book value per share | $7.22 | $7.54 | $7.52 | $6.92 | $6.01 | $1.90 | $1.04 | $0.73 | $0.73 |
| Dividends per share | $1.79 | $1.54 | $1.16 | $0.35 | $0.35 | $0.04 | $0.04 | $0.07 | $0.05 |
| Capex per share | $0.22 | $0.20 | $0.47 | $0.74 | $0.63 | $2.36 | $2.29 | $1.67 | $0.37 |
| Debt per share | $3.96 | $4.61 | $3.55 | $2.94 | $1.84 | $6.38 | $4.95 | $2.59 | $2.23 |
| Shares outstanding | 20.2M | 20.1M | 20.0M | 19.9M | 19.8M | 15.4M | 15.2M | 19.1M | 14.7M |
| Change in shares outstanding | +0.3% | +0.7% | +0.3% | +0.6% | +28.2% | +1.7% | −20.5% | +29.8% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 20.6% | 19.4% | 22.0% | 17.9% | 26.8% | 72.8% | 11.6% | 0.2% | 42.5% |
| Return on invested capital (ROIC) | 16.4% | 15.7% | 18.0% | 14.1% | 13.3% | 19.1% | 5.6% | 2.0% | 13.8% |
| Return on assets (ROA) | 10.8% | 10.5% | 12.3% | 10.3% | 10.7% | 11.1% | 1.5% | 0.0% | 7.1% |
| Return on tangible assets | 11.1% | 10.3% | 11.9% | 9.5% | 10.2% | 9.8% | 1.3% | 0.0% | 7.1% |
| Free cash flow margin | 6.3% | 10.4% | 10.9% | 3.5% | −1.0% | −7.4% | −15.5% | −16.6% | −3.2% |
| Income quality (OCF / net income) | 1.07 | 1.60 | 1.64 | 1.25 | 0.42 | 0.83 | −0.02 | 129.38 | 0.22 |
| Financial health | |||||||||
| Total debt | $79.9M | $92.9M | $71.0M | $58.6M | $36.5M | $98.6M | $75.2M | $49.6M | $32.9M |
| Cash & short-term investments | $37.9M | $59.9M | $49.4M | $16.0M | $6.5M | $448,000 | $802,000 | $965,000 | $791,000 |
| Net debt | $42.0M | $32.9M | $21.6M | $42.6M | $30.0M | $98.1M | $74.4M | $48.6M | $32.1M |
| Debt / equity | 0.53 | 0.60 | 0.46 | 0.41 | 0.30 | 3.04 | 4.78 | 3.54 | 3.07 |
| Debt / assets | 0.28 | 0.32 | 0.26 | 0.23 | 0.18 | 0.54 | 0.56 | 0.52 | 0.51 |
| Net debt / EBITDA | 0.63 | 0.54 | 0.36 | 0.87 | 0.74 | 2.85 | 5.45 | 7.98 | 3.51 |
| Current ratio | 2.30 | 3.47 | 3.49 | 3.15 | 3.34 | 1.85 | 1.70 | 0.79 | 0.93 |
| Quick ratio | 1.13 | 1.94 | 1.88 | 1.34 | 1.44 | 0.71 | 0.71 | 0.30 | 0.30 |
| Interest coverage | 20.0 | 17.8 | 20.6 | 14.9 | 8.0 | 5.0 | 1.2 | 1.5 | 4.7 |
| Working capital | $91.0M | $114.5M | $110.5M | $84.5M | $72.1M | $36.6M | $25.1M | −$12.9M | −$3.3M |
| Invested capital | $191.4M | $188.5M | $175.7M | $184.3M | $152.9M | $130.5M | $90.2M | $62.6M | $42.8M |
| Tangible asset value | $153.1M | $158.4M | $158.9M | $148.1M | $128.1M | $36.8M | $24.1M | $21.9M | $10.7M |
| Net current asset value | $30.4M | $28.7M | $41.2M | $23.6M | $27.3M | −$61.5M | −$48.3M | −$26.5M | −$11.1M |
| Graham number | $16.12 | $16.10 | $16.80 | $13.78 | $12.10 | $7.32 | $1.63 | $0.13 | $2.25 |
| Graham net-net per share | −$1.23 | −$0.84 | −$0.39 | −$1.31 | −$0.77 | −$6.37 | −$4.90 | −$2.46 | −$2.01 |
| Capital allocation | |||||||||
| Dividends paid | $36.1M | $31.0M | $23.2M | $7.0M | $7.0M | $606,000 | $606,000 | $1.2M | $700,000 |
| Share buybacks (net) | $3.0M | $0 | $18,000 | $7.0M | $0 | $248,000 | — | $0 | — |
| Dividend payout ratio | 114.7% | 103.5% | 71.5% | 29.4% | 33.5% | 3.5% | 35.2% | — | 15.4% |
| Dividends + buybacks / free cash flow | 133.4% | 70.6% | 52.7% | 94.6% | — | — | — | — | — |
| Capex / revenue | 1.0% | 1.0% | 2.3% | 3.5% | 3.4% | 12.3% | 15.5% | 18.2% | 3.9% |
| Capex / operating cash flow | 13.3% | 8.5% | 17.5% | 50.0% | 142.7% | 250.8% | — | 1,174.4% | 549.9% |
| Capex / depreciation | 0.21 | 0.22 | 0.59 | 1.04 | 1.23 | 4.26 | 5.85 | 8.06 | 1.77 |
| Stock-based compensation / revenue | 0.3% | 0.5% | 0.2% | 0.5% | 0.6% | 0.7% | −0.5% | — | — |
| SG&A / revenue | 28.1% | 29.3% | 26.7% | 24.1% | 23.2% | 20.8% | 24.5% | 23.6% | 25.2% |
| Efficiency | |||||||||
| Days sales outstanding | 24.6 | 23.5 | 25.9 | 27.0 | 28.4 | 28.1 | 29.9 | 27.8 | 30.3 |
| Days of inventory on hand | 94.1 | 100.5 | 103.1 | 81.4 | 76.5 | 74.6 | 72.3 | 80.3 | 105.4 |
| Days payables outstanding | 30.1 | 25.6 | 26.7 | 24.5 | 32.4 | 43.5 | 47.5 | 49.7 | 64.6 |
| Cash conversion cycle (days) | 88.6 | 98.4 | 102.3 | 83.9 | 72.4 | 59.2 | 54.7 | 58.3 | 71.2 |
| Receivables turnover | 14.82 | 15.51 | 14.07 | 13.49 | 12.87 | 12.98 | 12.22 | 13.12 | 12.03 |
| Payables turnover | 12.11 | 14.24 | 13.65 | 14.90 | 11.25 | 8.38 | 7.69 | 7.34 | 5.65 |
| Inventory turnover | 3.88 | 3.63 | 3.54 | 4.49 | 4.77 | 4.89 | 5.05 | 4.55 | 3.46 |
| Asset turnover | 1.61 | 1.48 | 1.53 | 1.84 | 1.87 | 1.88 | 1.96 | 2.19 | 2.19 |
| Average receivables | $31.6M | $27.2M | $28.8M | $31.3M | $28.3M | $22.8M | $18.4M | $13.4M | $11.6M |
| Average payables | $24.4M | $18.1M | $18.5M | $19.5M | $22.8M | $24.6M | $21.3M | $18.0M | $17.5M |
| Average inventory | $76.2M | $71.1M | $71.4M | $64.8M | $53.7M | $42.2M | $32.5M | $29.0M | $28.5M |
| Intangibles / total assets | 1.3% | 1.3% | 1.4% | 1.5% | 1.9% | 1.7% | 0.0% | 0.0% | 0.0% |
Computed from KRT's annual financial statements (latest annual report filed March 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KRT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Karat Packaging traded at 14.5 times earnings, against a 9-year median of 15.3. Based on the latest twelve months, the trailing P/E is 21.3. Karat Packaging earned a return on equity of 20.6% and a return on invested capital of 16.4% in fiscal 2025. It ended the year with $79.9 million of debt and $37.9 million in cash and short-term investments, net debt of $42.0 million. It returned $39.1 million to shareholders: $36.1 million in dividends and $3.0 million in share buybacks, 133% of free cash flow. The share count rose 37.0% from 14.7M to 20.2M over 8 years.
See the KRT income statement, the KRT chart for price history, or the KRT stock overview for the latest quote and news.
KRT key metrics FAQ
What is Karat Packaging's P/E ratio?
Karat Packaging's trailing P/E ratio is 21.3 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 14.5, compared with a 9-year median of 15.3.
What is Karat Packaging's EV/EBITDA?
Karat Packaging's enterprise value was 7.5 times EBITDA at the end of fiscal 2025 (enterprise value $497.4 million, EBITDA $66.2 million); the current EV/EBITDA is 13.8.
What is Karat Packaging's return on equity?
Karat Packaging's return on equity (ROE) was 20.6% in fiscal 2025: net income of $31.5 million on average shareholders' equity of $152.5 million.
What is Karat Packaging's ROIC?
Karat Packaging's return on invested capital was 16.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Karat Packaging have?
Karat Packaging had total debt of $79.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.53 and $42.0 million of net debt (0.63 times EBITDA).
What is Karat Packaging's dividend yield?
Karat Packaging's forward dividend yield is 3.53%. Karat Packaging paid $36.1 million in dividends in fiscal 2025 ($1.79 per share), a payout ratio of 114.7%.
Does Karat Packaging buy back its shares?
Yes. Karat Packaging spent $3.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.3% over the year, to 20.2M..
What is Karat Packaging's free cash flow yield?
Karat Packaging generated $29.3 million of free cash flow in fiscal 2025, a free cash flow yield of 6.4% on its market value at year-end ($455.5 million).
What is Karat Packaging's current ratio?
Karat Packaging's current ratio was 2.30 at the end of fiscal 2025: current assets were 2.30 times current liabilities.