Karat Packaging Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $467.7M | $422.6M | $405.7M | $423.0M | $364.2M | $295.5M |
| 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% | 37.7% | 31.2% | 29.6% | 30.2% |
| 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% | 10.4% | 7.1% | 6.4% | 9.4% |
| 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% | 8.0% | 5.6% | 5.7% | 5.9% |
| 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) | 20.0M | 20.1M | 20.0M | 19.9M | 19.8M | 18.4M | 15.2M |
| Shares Outstanding (Diluted) | 20.0M | 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 |