# Karat Packaging Inc. (KRT)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $590M  
**Price:** $29.22

> Karat Packaging Inc. is a specialty manufacturer and distributor of single-use disposable products for restaurant and foodservice settings. The company produces and supplies a diverse range of items including food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, gloves, utensils, janitorial and warehouse supplies, available in plastic, paper, bagasse, biopolymer-based, and other compostable forms. Under brands like Karat, Karat Earth, and Tea Zone, it offers eco-friendly alternatives, specialty beverage ingredients such as syrups and boba tea, and coffee drinks. Karat Packaging Inc. also provides customized services encompassing new product development, design, printing, and logistics. It serves national and regional restaurant chains, distributors, retail establishments, and online customers, operating primarily through its subsidiary Lollicup USA Inc. Founded in 2000 and headquartered in Chino, California, Karat Packaging Inc. plays a key role in the foodservice packaging sector by delivering comprehensive disposable solutions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $468M | $172M | $41M | $31M | — |
| 2024 | $423M | $164M | $38M | $30M | — |
| 2023 | $406M | $153M | $42M | $32M | — |
| 2022 | $423M | $132M | $30M | $24M | — |
| 2021 | $364M | $108M | $23M | $21M | — |
| 2020 | $296M | $89M | $28M | $18M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $288M | $131M | $149M | $38M | — |
| 2024 | $295M | $132M | $156M | $32M | — |
| 2023 | $276M | $114M | $154M | $23M | $203,000 |
| 2022 | $252M | $100M | $142M | $16M | $216,000 |
| 2021 | $208M | $76M | $123M | $6M | $200,000 |
| 2020 | $181M | $141M | $32M | $448,000 | $100,000 |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $34M | $756,000 | $33M |
| 2024 | $48M | $934,000 | $47M |
| 2023 | $53M | $3M | $51M |
| 2022 | $29M | $3M | $27M |
| 2021 | $9M | $4M | $5M |
| 2020 | $15M | $30M | -$15M |

Source: [CompaniesByCap](https://companiesbycap.com/company/KRT)