Karat Packaging Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $467.7M | $422.6M | $3.35B | $3.05B | $2.57B | $1.96B | $1.84B | $1.71B |
| Revenue_Source_1 | — | — | $3.35B | $3.05B | $2.57B | $1.96B | $1.84B | $1.71B |
| Revenue_Source_2 | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $295.6M | $258.3M | $252.6M | $290.9M | $256.4M | $206.4M | — | — |
| Gross Profit | $172.1M | $164.3M | $153.0M | $132.1M | $107.8M | $89.1M | — | — |
| Gross Margin | 36.8% | 38.9% | 4.6% | 4.3% | 4.2% | 4.6% | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $77.4M | $71.5M | $67.0M | $66.3M | $52.4M | $39.2M | — | — |
| Operating Income | $41.4M | $37.8M | $42.1M | $30.0M | $23.1M | $27.7M | — | — |
| Operating Margin | 8.9% | 8.9% | 1.3% | 1.0% | 0.9% | 1.4% | — | — |
| Interest Expense | — | — | $2.0M | $2.0M | $2.9M | — | — | — |
| Pretax Income | $43.0M | $40.7M | $43.0M | $32.5M | $27.5M | $21.9M | — | — |
| Income Tax Expense | $10.4M | $9.9M | $9.8M | $6.7M | $5.1M | $5.3M | — | — |
| Net Income | $31.5M | $30.0M | $32.5M | $23.6M | $20.8M | $17.5M | — | — |
| Net Margin | 6.7% | 7.1% | 1.0% | 0.8% | 0.8% | 0.9% | — | — |
| EPS (Basic) | $1.57 | $1.50 | $1.63 | $1.19 | $1.13 | $1.15 | — | — |
| EPS (Diluted) | $1.56 | $1.49 | $1.63 | $1.19 | $1.12 | $1.13 | — | — |
| Shares Outstanding (Basic) | 20.1M | 20.0M | 19.9M | 19.8M | 18.4M | 15.2M | — | — |
| Shares Outstanding (Diluted) | 20.2M | 20.1M | 20.0M | 19.9M | 18.6M | 15.4M | — | — |
| Dividends Per Share | $1.80 | $1.55 | $1.05 | $0.35 | — | $0.04 | — | — |