KRT
Income statement / Annual
Last year (2023), Karat Packaging Inc.'s total revenue was $405.65 M,
a decrease of 4.09% from the previous year.
In 2023, Karat Packaging Inc.'s net income was $32.47 M.
See Karat Packaging Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
| Operating Revenue |
$405.65 M |
$422.96 M |
$364.24 M |
$295.52 M |
$224.91 M |
$175.43 M |
$140.06 M |
| Cost of Revenue |
$252.61 M
|
$290.87 M
|
$256.42 M
|
$206.39 M
|
$163.89 M
|
$131.98 M
|
$98.75 M
|
| Gross Profit |
$153.04 M
|
$132.09 M
|
$107.83 M
|
$89.13 M
|
$61.02 M
|
$43.46 M
|
$41.31 M
|
| Gross Profit Ratio |
0.38
|
0.31
|
0.3
|
0.3
|
0.27
|
0.25
|
0.29
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$66.95 M
|
$66.23 M
|
$52.42 M
|
$39.24 M
|
$38.71 M
|
$32.00 M
|
$28.79 M
|
| Selling & Marketing Expenses |
$41.49 M
|
$35.84 M
|
$32.26 M
|
$22.19 M
|
$16.47 M
|
$9.32 M
|
$6.51 M
|
| Selling, General & Administrative Expenses |
$108.44 M
|
$102.07 M
|
$84.68 M
|
$61.43 M
|
$55.18 M
|
$41.32 M
|
$35.30 M
|
| Other Expenses |
$2.53 M
|
$721,000.00
|
$1.19 M
|
$394,000.00
|
-$219,000.00
|
$464,000.00
|
$277,000.00
|
| Operating Expenses |
$110.97 M
|
$102.07 M
|
$84.68 M
|
$61.43 M
|
$55.18 M
|
$41.32 M
|
$35.30 M
|
| Cost And Expenses |
$363.58 M
|
$392.94 M
|
$341.10 M
|
$267.82 M
|
$219.07 M
|
$173.30 M
|
$134.05 M
|
| Interest Income |
$1.80 M
|
$2.23 M
|
$1.51 M
|
$5.49 M
|
$4.75 M
|
$0.00
|
$0.00
|
| Interest Expense |
$2.04 M
|
$2.02 M
|
$1.40 M
|
$5.49 M
|
$4.75 M
|
$1.46 M
|
$1.28 M
|
| Depreciation & Amortization |
$15.75 M
|
$14.23 M
|
$10.04 M
|
$8.57 M
|
$5.95 M
|
$3.96 M
|
$3.12 M
|
| EBITDA |
$60.78 M |
$48.76 M |
$33.19 M |
$36.27 M |
$11.79 M |
$6.09 M |
$9.13 M |
| EBITDA Ratio |
0.15
|
0.11
|
0.09
|
0.12
|
0.05
|
0.04
|
0.07
|
| Operating Income Ratio |
0.1
|
0.07
|
0.06
|
0.09
|
0.03
|
0.01
|
0.04
|
| Total Other Income/Expenses Net |
$908,000.00
|
$2.50 M
|
$4.38 M
|
-$5.77 M
|
-$2.89 M
|
-$585,000.00
|
-$1.36 M
|
| Income Before Tax |
$42.98 M
|
$32.51 M
|
$27.53 M
|
$21.93 M
|
$2.95 M
|
$1.55 M
|
$4.65 M
|
| Income Before Tax Ratio |
0.11
|
0.08
|
0.08
|
0.07
|
0.01
|
0.01
|
0.03
|
| Income Tax Expense |
$9.80 M
|
$6.68 M
|
$5.09 M
|
$5.26 M
|
$781,000.00
|
$1.67 M
|
$96,000.00
|
| Net Income |
$32.47 M
|
$23.65 M
|
$20.78 M
|
$17.52 M
|
$1.72 M
|
$21,000.00
|
$4.55 M
|
| Net Income Ratio |
0.08
|
0.06
|
0.06
|
0.06
|
0.01
|
0
|
0.03
|
| EPS |
1.63 |
1.19 |
1.05 |
1.15 |
0.11 |
0.0011 |
0.21 |
| EPS Diluted |
1.63 |
1.19 |
1.05 |
1.13 |
0.11 |
0.0011 |
0.21 |
| Weighted Average Shares Out |
$19.90 M
|
$19.82 M
|
$19.80 M
|
$15.18 M
|
$15.19 M
|
$19.12 M
|
$14.72 M
|
| Weighted Average Shares Out Diluted |
$19.98 M
|
$19.93 M
|
$19.80 M
|
$15.45 M
|
$15.19 M
|
$19.12 M
|
$14.72 M
|
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