Karat Packaging financials
$52.69−1.03%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $467.7M | $422.6M | $405.7M | $423.0M | $364.2M |
| Gross profit | $172.1M | $164.3M | $153.0M | $132.1M | $107.8M |
| Gross margin | 36.8% | 38.9% | 37.7% | 31.2% | 29.6% |
| Operating income | $41.4M | $37.8M | $42.1M | $30.0M | $23.1M |
| Net income | $31.5M | $30.0M | $32.5M | $23.6M | $20.8M |
| Net margin | 6.7% | 7.1% | 8.0% | 5.6% | 5.7% |
| Diluted EPS | $1.56 | $1.49 | $1.63 | $1.19 | $1.13 |
| EBITDA | $51.8M | $51.2M | $55.4M | $40.4M | $33.2M |
| Operating cash flow | $33.8M | $48.0M | $53.4M | $29.5M | $8.7M |
| Free cash flow | $29.3M | $43.9M | $44.0M | $14.7M | -$3.7M |
| Diluted shares | 20.2M | 20.1M | 20.0M | 19.9M | 18.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $37.9M | $31.6M | $23.1M | $16.0M | $6.5M |
| Short-term investments | $0.00 | $28.3M | $26.3M | $0.00 | — |
| Total debt | $35.8M | $48.5M | $49.5M | $42.5M | $36.5M |
| Total assets | $287.7M | $294.5M | $276.4M | $252.2M | $207.6M |
| Total liabilities | $130.8M | $132.3M | $113.7M | $100.2M | $75.6M |
| Shareholders' equity | $156.9M | $162.2M | $162.7M | $151.9M | $132.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology