Karat Packaging Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	453.78	422.63	405.65	422.96	364.24	295.52
Revenue Growth (YoY)	8.93%	4.19%	-4.09%	16.12%	23.26%	31.39%
Cost of Revenue	281.17	258.3	252.61	290.87	256.42	206.39
Gross Profit	172.61	164.33	153.04	132.09	107.83	89.13
Selling, General & Admin	132.82	123.82	108.44	102.1	84.68	61.43
Operating Expenses	132.82	123.82	108.44	102.1	84.68	61.43
Operating Income	39.79	40.51	44.6	29.98	23.15	27.7
Interest Expense	-2.09	-2.12	-2.04	-2.02	-2.91	-5.49
Interest & Investment Income	2.22	2.3	1.8	2.23	1.51	-
Currency Exchange Gain (Loss)	-1.58	0.52	0.1	1.57	-0.41	-0.69
Other Non Operating Income (Expenses)	2.87	2.24	1.05	0.72	1.19	0.39
EBT Excluding Unusual Items	41.22	43.45	45.51	32.48	22.53	21.91
Gain (Loss) on Sale of Assets	0.45	-0.76	-2	0.03	-	0.02
Asset Writedown	-	-1.99	-	-	-	-
Other Unusual Items	-	-	-0.52	-	5	-
Pretax Income	41.67	40.7	42.98	32.51	27.53	21.93
Income Tax Expense	10.34	9.87	9.8	6.68	5.09	5.26
Earnings From Continuing Operations	31.33	30.82	33.18	25.84	22.44	16.67
Minority Interest in Earnings	-1.05	-0.85	-0.71	-2.19	-1.66	0.85
Net Income	30.28	29.98	32.47	23.65	20.78	17.52
Net Income to Common	30.28	29.98	32.47	23.65	20.78	17.52
Net Income Growth	7.17%	-7.68%	37.30%	13.81%	18.62%	916.07%
Shares Outstanding (Basic)	20	20	20	20	18	15
Shares Outstanding (Diluted)	20	20	20	20	19	15
Shares Change (YoY)	0.52%	0.73%	0.26%	7.32%	20.19%	1.70%
EPS (Basic)	1.51	1.50	1.63	1.19	1.13	1.15
EPS (Diluted)	1.50	1.49	1.63	1.19	1.12	1.13
EPS Growth	6.32%	-8.59%	36.98%	6.25%	-0.89%	927.27%
Free Cash Flow	22.18	43.91	44.24	14.73	-3.7	-21.94
Free Cash Flow Per Share	1.10	2.18	2.21	0.74	-0.20	-1.42
Dividend Per Share	1.750	1.400	0.300	-	-	0.040
Dividend Growth	45.83%	366.67%	-	-	-	-
Gross Margin	38.04%	38.88%	37.73%	31.23%	29.60%	30.16%
Operating Margin	8.77%	9.59%	11.00%	7.09%	6.35%	9.37%
Profit Margin	6.67%	7.09%	8.00%	5.59%	5.70%	5.93%
Free Cash Flow Margin	4.89%	10.39%	10.90%	3.48%	-1.02%	-7.42%
EBITDA	50.62	51.19	55.38	40.39	33.19	36.27
EBITDA Margin	11.16%	12.11%	13.65%	9.55%	9.11%	12.27%
D&A For EBITDA	10.83	10.68	10.78	10.41	10.04	8.57
EBIT	39.79	40.51	44.6	29.98	23.15	27.7
EBIT Margin	8.77%	9.59%	11.00%	7.09%	6.35%	9.37%
Effective Tax Rate	24.82%	24.26%	22.81%	20.53%	18.49%	23.98%
Advertising Expenses	-	6.76	4.87	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.