Karat Packaging Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	481.07	467.74	422.63	405.65	422.96	364.24
Revenue Growth (YoY)	11.71%	10.67%	4.19%	-4.09%	16.12%	23.26%
Cost of Revenue	308.17	295.61	258.3	252.61	290.87	256.42
Gross Profit	172.9	172.14	164.33	153.04	132.09	107.83
Selling, General & Admin	131.32	131.22	123.82	108.44	102.1	84.68
Other Operating Expenses	-0.48	-0.49	2.75	2.53	-0.03	-
Total Operating Expenses	130.84	130.72	126.57	110.97	102.07	84.68
Operating Income	42.06	41.41	37.76	42.08	30.02	23.15
Interest Income	1.93	2.21	2.3	1.8	2.23	1.51
Interest Expense	-1.96	-2.06	-2.12	-2.04	-2.02	-2.91
Other Non-Operating Income (Expense)	1.44	1.45	2.76	1.15	2.29	5.78
Total Non-Operating Income (Expense)	1.41	1.61	2.93	0.91	2.5	4.38
Pretax Income	43.47	43.02	40.7	42.98	32.51	27.53
Provision for Income Taxes	10.48	10.36	9.87	9.8	6.68	5.09
Net Income	31.81	31.48	29.98	32.47	23.65	20.78
Minority Interest in Earnings	1.18	1.19	0.85	0.71	2.19	1.66
Net Income to Common	31.81	31.48	29.98	32.47	23.65	20.78
Net Income Growth	5.27%	5.01%	-7.68%	37.30%	13.81%	18.62%
Shares Outstanding (Basic)	20	20	20	20	20	18
Shares Outstanding (Diluted)	20	20	20	20	20	19
Shares Change (YoY)	-0.04%	0.28%	0.73%	0.26%	7.32%	20.19%
EPS (Basic)	1.59	1.57	1.50	1.63	1.19	1.13
EPS (Diluted)	1.58	1.56	1.49	1.63	1.19	1.12
EPS Growth	5.33%	4.70%	-8.59%	36.98%	6.25%	-0.89%
Shares Outstanding	19.96	19.96	20.04	19.97	19.89	19.8
Free Cash Flow	28.97	29.31	43.91	44.24	14.73	-3.7
Free Cash Flow Growth	-1.15%	-33.26%	-0.73%	200.37%	-	-
Free Cash Flow Per Share	1.44	1.45	2.18	2.21	0.74	-0.20
Dividends Per Share	1.800	1.800	1.400	0.300	-	-
Dividend Growth	-	28.57%	366.67%	-	-	-
Gross Margin	35.94%	36.80%	38.88%	37.73%	31.23%	29.60%
Operating Margin	8.74%	8.85%	8.93%	10.37%	7.10%	6.35%
Profit Margin	6.86%	6.98%	7.29%	8.18%	6.11%	6.16%
FCF Margin	6.02%	6.27%	10.39%	10.90%	3.48%	-1.02%
EBITDA	53	52.31	48.44	52.86	40.42	33.19
EBITDA Margin	11.02%	11.18%	11.46%	13.03%	9.56%	9.11%
EBIT	42.06	41.41	37.76	42.08	30.02	23.15
EBIT Margin	8.74%	8.85%	8.93%	10.37%	7.10%	6.35%
Effective Tax Rate	24.11%	24.08%	24.26%	22.81%	20.53%	18.49%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q