Karat Packaging Inc. (KRT)

Karat Packaging Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	442.03	422.63	405.65	422.96	364.24	295.52
Revenue Growth (YoY)	7.99%	4.19%	-4.09%	16.12%	23.26%	31.39%
Cost of Revenue	268.84	258.3	252.61	290.87	256.42	206.39
Gross Profit	173.19	164.33	153.04	132.09	107.83	89.13
Selling, General & Admin	130.32	123.82	108.44	102.1	84.68	61.43
Operating Expenses	130.32	123.82	108.44	102.1	84.68	61.43
Operating Income	42.87	40.51	44.6	29.98	23.15	27.7
Interest Expense	-2.08	-2.12	-2.04	-2.02	-2.91	-5.49
Interest & Investment Income	2.58	2.3	1.8	2.23	1.51	-
Currency Exchange Gain (Loss)	-2.55	0.52	0.1	1.57	-0.41	-0.69
Other Non Operating Income (Expenses)	2.73	2.24	1.05	0.72	1.19	0.39
EBT Excluding Unusual Items	43.55	43.45	45.51	32.48	22.53	21.91
Gain (Loss) on Sale of Assets	0.07	-0.76	-2	0.03	-	0.02
Asset Writedown	-	-1.99	-	-	-	-
Other Unusual Items	-	-	-0.52	-	5	-
Pretax Income	43.62	40.7	42.98	32.51	27.53	21.93
Income Tax Expense	10.64	9.87	9.8	6.68	5.09	5.26
Earnings From Continuing Operations	32.99	30.82	33.18	25.84	22.44	16.67
Minority Interest in Earnings	-0.94	-0.85	-0.71	-2.19	-1.66	0.85
Net Income	32.05	29.98	32.47	23.65	20.78	17.52
Net Income to Common	32.05	29.98	32.47	23.65	20.78	17.52
Net Income Growth	13.54%	-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)	0.61%	0.73%	0.26%	7.32%	20.19%	1.70%
EPS (Basic)	1.60	1.50	1.63	1.19	1.13	1.15
EPS (Diluted)	1.59	1.49	1.63	1.19	1.12	1.13
EPS Growth	12.72%	-8.59%	36.98%	6.25%	-0.89%	927.27%
Free Cash Flow	42.33	43.91	44.24	14.73	-3.7	-21.94
Free Cash Flow Per Share	2.10	2.18	2.21	0.74	-0.20	-1.42
Dividend Per Share	1.650	1.400	0.300	-	-	0.040
Dividend Growth	73.68%	366.67%	-	-	-	-
Gross Margin	39.18%	38.88%	37.73%	31.23%	29.60%	30.16%
Operating Margin	9.70%	9.59%	11.00%	7.09%	6.35%	9.37%
Profit Margin	7.25%	7.09%	8.00%	5.59%	5.70%	5.93%
Free Cash Flow Margin	9.58%	10.39%	10.90%	3.48%	-1.02%	-7.42%
EBITDA	53.62	51.19	55.38	40.39	33.19	36.27
EBITDA Margin	12.13%	12.11%	13.65%	9.55%	9.11%	12.27%
D&A For EBITDA	10.75	10.68	10.78	10.41	10.04	8.57
EBIT	42.87	40.51	44.6	29.98	23.15	27.7
EBIT Margin	9.70%	9.59%	11.00%	7.09%	6.35%	9.37%
Effective Tax Rate	24.38%	24.26%	22.81%	20.53%	18.49%	23.98%
Advertising Expenses	-	6.76	4.87	-	-	-

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q