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Complete financial analysis of Karat Packaging Inc. (KRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Karat Packaging Inc., a leading company in the Packaging & Containers industry within the Consumer Cyclical sector.
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Karat Packaging Inc. (KRT)
About Karat Packaging Inc.
Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was founded in 2000 and is based in Chino, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 405.65M | 422.96M | 364.24M | 295.52M | 224.91M | 175.43M | 140.06M |
| Cost of Revenue | 252.61M | 290.87M | 256.42M | 206.39M | 163.89M | 131.98M | 98.75M |
| Gross Profit | 153.04M | 132.09M | 107.83M | 89.13M | 61.02M | 43.46M | 41.31M |
| Gross Profit Ratio | 37.73% | 31.23% | 29.60% | 30.16% | 27.13% | 24.77% | 29.49% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 66.95M | 66.23M | 52.42M | 39.24M | 38.71M | 32.00M | 28.79M |
| Selling & Marketing | 41.49M | 35.84M | 32.26M | 22.19M | 16.47M | 9.32M | 6.51M |
| SG&A | 108.44M | 102.07M | 84.68M | 61.43M | 55.18M | 41.32M | 35.30M |
| Other Expenses | 2.53M | 721.00K | 1.19M | 394.00K | -219.00K | 464.00K | 277.00K |
| Operating Expenses | 110.97M | 102.07M | 84.68M | 61.43M | 55.18M | 41.32M | 35.30M |
| Cost & Expenses | 363.58M | 392.94M | 341.10M | 267.82M | 219.07M | 173.30M | 134.05M |
| Interest Income | 1.80M | 2.23M | 1.51M | 5.49M | 4.75M | 0.00 | 0.00 |
| Interest Expense | 2.04M | 2.02M | 1.40M | 5.49M | 4.75M | 1.46M | 1.28M |
| Depreciation & Amortization | 15.75M | 14.23M | 10.04M | 8.57M | 5.95M | 3.96M | 3.12M |
| EBITDA | 60.78M | 48.76M | 33.19M | 36.27M | 11.79M | 6.09M | 9.13M |
| EBITDA Ratio | 14.98% | 11.16% | 9.44% | 12.41% | 5.14% | 3.74% | 6.71% |
| Operating Income | 42.08M | 30.02M | 23.15M | 27.70M | 5.84M | 2.13M | 6.01M |
| Operating Income Ratio | 10.37% | 7.10% | 6.35% | 9.37% | 2.59% | 1.22% | 4.29% |
| Total Other Income/Expenses | 908.00K | 2.50M | 4.38M | -5.77M | -2.89M | -585.00K | -1.36M |
| Income Before Tax | 42.98M | 32.51M | 27.53M | 21.93M | 2.95M | 1.55M | 4.65M |
| Income Before Tax Ratio | 10.60% | 7.69% | 7.56% | 7.42% | 1.31% | 0.88% | 3.32% |
| Income Tax Expense | 9.80M | 6.68M | 5.09M | 5.26M | 781.00K | 1.67M | 96.00K |
| Net Income | 32.47M | 23.65M | 20.78M | 17.52M | 1.72M | 21.00K | 4.55M |
| Net Income Ratio | 8.00% | 5.59% | 5.70% | 5.93% | 0.77% | 0.01% | 3.25% |
| EPS | 1.63 | 1.19 | 1.05 | 1.15 | 0.11 | 0.00 | 0.21 |
| EPS Diluted | 1.63 | 1.19 | 1.05 | 1.13 | 0.11 | 0.00 | 0.21 |
| Weighted Avg Shares Out | 19.90M | 19.82M | 19.80M | 15.18M | 15.19M | 19.12M | 14.72M |
| Weighted Avg Shares Out (Dil) | 19.98M | 19.93M | 19.80M | 15.45M | 15.19M | 19.12M | 14.72M |
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