# Karat Packaging Inc. (KRT) · Edgar & Edgarette company card

> Karat Packaging (KRT) grew revenue 10.7% in FY2025 to $468 million, operating margin 8.9%, in line with the 8.9% median for plastics products, equity 51.9% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1758021 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/KRT) · [JSON](https://www.pops4.com/boards/company/KRT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $468M |
| Revenue growth, 1 year | 10.7% |
| Revenue growth per year | 6.5% |
| Operating margin | 8.9% (prior year 8.9%) |
| Net margin | 7.0% |
| Operating cash flow | $34M |
| Capital spending | $756,000 |
| Free cash flow | $33M |
| Cash | $38M |
| Long-term debt | — |
| Total assets | $288M |
| Total equity | $149M |
| Equity ÷ assets | 51.9% |
| Return on equity | 21.9% |
| Dividend per share | $1.8 |
| Dividend years rising | 4 |

## Readings, computed from those figures

- Altman Z: 4.94 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · filed auditor change in the last 12 months
- Cash Compass: Steady earner · steady and paying a dividend, with average cash

## Edgarette's reading

Exposure: revenue $467.7M (FY2025). Experience: revenue up 10.7% on the year, up 6.5% a year over 4 years; operating margin 8.9%, down from 8.9%. Soundness: equity 51.9% of assets, return on equity 21.9%, payout 110.5% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $421.5M and $571.5M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $390.2M to $619.1M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, plastics products, nec): operating margin 8.9% against a 8.9% median; growth 10.7% against 2.1%.

Range logged 2026-09-27, receipt 38c7b9d0f388c86c, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-03-17 ([filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000012/0001758021-26-000012-index.htm))

## Recent filings

- 10-Q · filed 2026-11-06 · [filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000037/0001758021-26-000037-index.htm)
- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000033/0001758021-26-000033-index.htm)
- 8-K · filed 2026-11-04 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000028/0001758021-26-000028-index.htm)
- 10-Q · filed 2026-08-07 · [filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000026/0001758021-26-000026-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000025/0001758021-26-000025-index.htm)
- 8-K · filed 2026-08-05 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1758021/000175802126000024/0001758021-26-000024-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001758021.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1758021

## Cite

POPS4, Edgar & Edgarette: Karat Packaging Inc. (KRT) company card, from the company's own SEC filings, accessed 2026-11-13, https://www.pops4.com/boards/company/KRT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.