All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2018; the latest 2026-03-17.
From the record
Karat Packaging Inc.'s filings since 2018 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2026-03-17) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+9.6% a year over 6 filed years; profitable in 6 of 6.
From the record
Karat Packaging Inc.'s 6 filed years say what it did: revenue went from $296 million in fiscal 2020 to $468 million in fiscal 2025, up 9.6% a year; it rose in 4 of 5 years; the deepest fall was 4% from fiscal 2022 to fiscal 2023; net income was positive in 6 of 6 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 0.4% a year. 67% of cash flow returned. Insiders: 4 sales, 2 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Karat Packaging Inc.'s diluted share count grew about 0.4% a year, and dividends and buybacks returned about 67% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 4 sales and 2 purchases of their own stock on the open market in the year to 2026-11-09, buying about $36 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 20%: 20¢ of profit per shareholder dollar. Leverage 45%: owes 45¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Karat Packaging Inc. earned about 20 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 60 cents per dollar of everything the company owns. Leverage: it owed about 45 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 50% of 9 in its family; net margin 6.7%.
From the record
Karat Packaging Inc.'s standing among 9 graded names in its industry family: revenue of $468 million in fiscal 2025 ranks in the bottom 28% by size; a net margin of 6.7% ranks in the top 50%; revenue growth of 3.4% a year over the last 3 filed years ranks in the top 28% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 19% of 8 in its family for leadership; chief executive since 2021.
From the record
Karat Packaging Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Yu, Alan (Chief Executive Officer, as filed), filing under that title since 2021-04-15, 5.6 years (top 6% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (top 44%); no officer or director change was reported on Form 8-K since 2023-11-13, against the 7 people in charge now (top 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 36% of 9 in its family for room to expand.
From the record
Karat Packaging Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $38 million against no long-term debt tagged leaves 13.2% of its assets as net cash, top 17% of its family; cash from operations less capital spending is 7.1% of revenue (bottom 39%); a gross margin of 36.8% (top 31%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 50% of 9 in its family for growth drivers.
From the record
Karat Packaging Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 3.4% a year over the last three filed years against 9.6% over all 6, slowing (top 39% of its family); the newest year grew 10.7% (top 17%); capital spending grew -34.2% a year (bottom 6%) (its annual reports). Karat Packaging Inc. reported 4 product lines in fiscal 2025: National Distribution at $371 million (78%), Online at $75 million (16%), Retail at $22 million (5%), and 1 more; 2 of 4 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 43% of 9 in its family for expectations against reality.
From the record
Karat Packaging Inc.'s newest year against its own record: revenue of $468 million in fiscal 2025 came in 10.7% above the $422 million its prior three years' pace pointed to (top 17% of its family); net income of $31 million against a prior three-year average of $29 million (top 50%); a net margin of 6.7% against 6.9% before (bottom 39%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made