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NASDAQ · PLASTICS PRODUCTS, NEC · MID CAP

Karat Packaging Inc. KRT

6 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$467.7M
▲ 10.7% YoY
$31.5M
▲ 5.0% YoY
$33.1M
▼ 29.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company distributes and manufactures disposable foodservice products and related items, including food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, and janitorial supplies. It generates the majority of its revenue from the distribution of products sourced from a global network of nearly 150 vendors, complemented by manufacturing capabilities in the U.S. For the year ended December 31, 2025, manufacturing accounted for approximately 9% of its net sales, down from 11% in the prior year. As of December 31, 2025, it employed approximately 696 employees, of which 636 were full-time employees. It operates manufacturing facilities and distribution centers in Chino, California, Rockwall, Texas, and Kapolei, Hawaii, along with additional distribution centers in Branchburg, New Jersey; Puyallup, Washington; Sugar Land, Texas; and Aurora, Illinois. It classifies its customers into three categories: chains and distributors, retail, and e-commerce/online. The company was founded in 2000 by Alan Yu and Marvin Cheng in San Gabriel, California as Lollicup USA Inc., a California corporation. In September 2018, it incorporated Karat Packaging Inc. in Delaware, and Lollicup became a wholly-owned subsidiary of the Company.

Written from the business description in Karat Packaging Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth

USD 467.7M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 467.7 · Net income 31.5
200M400M
202020232025
Compound annual growth
+3.4%
+9.6%
+10.0%
+12.4%
+9.4%
+6.7%
+72.6%
+77.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.6% a year over the five years to FY2025 — but profit grew faster: net income at +12.4%, earnings per share at +6.7%.

The share count rose from 0.02B to 0.02B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.9% · Net 7.0%
5%10%
202020222025
ROE
FY2025 · ROE 20.6%
20%40%
202020222025
Three returns, three denominators.

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders

USD 38.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 33.1
20M40M-10M-20M
202020222025
Net buybacks $M Dividends $M
FY2025 · Dividends 36.1 · Net buybacks 2.7
15M30MDividendsNet buybacks
202020212022202320242025

USD 36.1M in dividends and USD 2.7M in buybacks — 123% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 287.7M
EquityUSD 149.4M
CashUSD 37.9M
Gross debtUSD 12.9M
Net debtUSD -24.9M
Current ratio2.30×

The company holds more cash than debt.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
KRT, 6-year financial record
Metric 202520242023202220212020
Revenue $B0.50.40.40.40.40.3
Operating income $B0.00.00.00.00.00.0
EBITDA $B0.10.00.10.00.00.0
Income tax $B0.00.00.00.00.00.0
Net income $B0.00.00.00.00.00.0
Free cash flow $B0.00.00.10.00.0−0.0
EPS, diluted $1.561.491.631.191.121.13
Dividend / sh $1.801.551.050.35◌0.04
Payout %115103642903
ROE %20.619.422.017.926.854.1
Shares out B0.020.020.020.020.020.02

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPlastics Products, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2020

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