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
Other Operating Expenses	-0.45	2.75	2.53	-0.03	-	-
Total Operating Expenses	132.37	126.57	110.97	102.07	84.68	61.43
Operating Income	40.24	37.76	42.08	30.02	23.15	27.7
Interest Income	2.22	2.3	1.8	2.23	1.51	-
Interest Expense	-2.09	-2.12	-2.04	-2.02	-2.91	-5.49
Other Non-Operating Income (Expense)	1.29	2.76	1.15	2.29	5.78	-0.28
Total Non-Operating Income (Expense)	1.43	2.93	0.91	2.5	4.38	-5.77
Pretax Income	41.67	40.7	42.98	32.51	27.53	21.93
Provision for Income Taxes	10.34	9.87	9.8	6.68	5.09	5.26
Net Income	30.28	29.98	32.47	23.65	20.78	17.52
Minority Interest in Earnings	1.05	0.85	0.71	2.19	1.66	-0.85
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	7.14%	-8.59%	36.98%	6.25%	-0.89%	927.27%
Free Cash Flow	21.69	43.91	44.24	14.73	-3.7	-21.94
Free Cash Flow Growth	-50.61%	-0.73%	200.37%	-	-	-
Free Cash Flow Per Share	1.07	2.18	2.21	0.74	-0.20	-1.42
Dividends Per Share	1.750	1.400	0.300	-	-	0.040
Dividend Growth	25.00%	366.67%	-	-	-	-
Gross Margin	38.04%	38.88%	37.73%	31.23%	29.60%	30.16%
Operating Margin	8.87%	8.93%	10.37%	7.10%	6.35%	9.37%
Profit Margin	6.90%	7.29%	8.18%	6.11%	6.16%	5.64%
FCF Margin	4.78%	10.39%	10.90%	3.48%	-1.02%	-7.42%
EBITDA	51.07	48.44	52.86	40.42	33.19	36.27
EBITDA Margin	11.25%	11.46%	13.03%	9.56%	9.11%	12.27%
EBIT	40.24	37.76	42.08	30.02	23.15	27.7
EBIT Margin	8.87%	8.93%	10.37%	7.10%	6.35%	9.37%
Effective Tax Rate	24.82%	24.26%	22.81%	20.53%	18.49%	23.98%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q