Karat Packaging (KRT) Financials

$30.97 -0.42 (-1.34%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$30.98 +0.01 (+0.02%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for Karat Packaging

This table shows Karat Packaging's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	30	32	24
Consolidated Net Income / (Loss)	31	33	26
Net Income / (Loss) Continuing Operations	31	33	26
Total Pre-Tax Income	41	43	33
Total Operating Income	38	42	30
Total Gross Profit	164	153	132
Total Revenue	423	406	423
Operating Revenue	423	406	423
Total Cost of Revenue	258	253	291
Operating Cost of Revenue	258	253	291
Total Operating Expenses	127	111	102
Selling, General & Admin Expense	124	108	102
Impairment Charge	2.75	2.53	-0.03
Total Other Income / (Expense), net	2.93	0.91	2.50
Interest Expense	2.12	2.04	2.02
Interest & Investment Income	4.38	2.89	3.18
Other Income / (Expense), net	0.68	0.06	1.34
Income Tax Expense	9.87	9.80	6.68
Net Income / (Loss) Attributable to Noncontrolling Interest	0.85	0.71	2.19
Basic Earnings per Share	$1.50	$1.63	$1.19
Weighted Average Basic Shares Outstanding	20.00M	19.90M	19.82M
Diluted Earnings per Share	$1.49	$1.63	$1.19
Weighted Average Diluted Shares Outstanding	20.12M	19.98M	19.93M
Weighted Average Basic & Diluted Shares Outstanding	20.04M	19.97M	19.89M
Cash Dividends to Common per Share	$1.55	$1.05	$0.35

This table shows Karat Packaging's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	5.62	9.09	9.10	6.17	3.90	9.07	11	9.01	4.54	6.10
Consolidated Net Income / (Loss)	5.86	9.26	9.23	6.48	4.18	9.14	11	9.19	4.54	6.15
Net Income / (Loss) Continuing Operations	5.86	9.26	9.23	6.48	4.18	9.14	11	9.19	4.54	6.15
Total Pre-Tax Income	8.32	12	12	8.45	4.94	12	14	12	4.89	8.05
Total Operating Income	7.30	11	11	8.08	4.63	11	13	13	4.81	7.91
Total Gross Profit	40	43	43	38	34	39	42	38	30	34
Total Revenue	102	113	113	96	96	106	109	96	93	110
Operating Revenue	102	113	113	96	96	106	109	96	93	110
Total Cost of Revenue	62	69	69	58	61	67	67	58	63	76
Operating Cost of Revenue	62	69	69	58	61	67	67	58	63	76
Total Operating Expenses	33	32	32	30	29	28	29	25	25	26
Selling, General & Admin Expense	32	32	32	28	29	28	26	25	25	26
Impairment Charge	0.25	-0.03	0.53	1.99	0.29	-0.31	2.46	0.08	-	-
Total Other Income / (Expense), net	1.02	0.59	0.95	0.38	0.31	0.66	0.66	-0.73	0.08	0.14
Interest Expense	0.52	0.54	0.55	0.52	0.53	0.54	0.57	0.41	0.44	0.49
Interest & Investment Income	1.16	1.36	1.13	0.72	1.07	0.71	0.79	0.31	0.54	0.00
Other Income / (Expense), net	0.38	-0.24	0.37	0.18	-0.23	0.49	0.44	-0.64	-0.02	0.64
Income Tax Expense	2.46	2.60	2.84	1.98	0.76	2.90	3.32	2.82	0.35	1.90
Net Income / (Loss) Attributable to Noncontrolling Interest	0.24	0.17	0.13	0.31	0.28	0.08	0.18	0.18	-	0.06
Basic Earnings per Share	$0.28	$0.45	$0.46	$0.31	$0.19	$0.46	$0.53	$0.45	$0.22	$0.31
Weighted Average Basic Shares Outstanding	20.00M	20.02M	19.99M	19.97M	19.90M	19.89M	19.89M	19.89M	19.82M	19.81M
Diluted Earnings per Share	$0.28	$0.45	$0.45	$0.31	$0.20	$0.45	$0.53	$0.45	$0.22	$0.31
Weighted Average Diluted Shares Outstanding	20.12M	20.13M	20.11M	20.08M	19.98M	19.99M	19.95M	19.94M	19.93M	19.94M
Weighted Average Basic & Diluted Shares Outstanding	20.04M	20.02M	20.01M	19.98M	19.97M	19.96M	19.89M	19.89M	19.89M	19.91M

This table details how cash moves in and out of Karat Packaging's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	8.51	7.04	9.56
Net Cash From Operating Activities	48	53	29
Net Cash From Continuing Operating Activities	48	53	29
Net Income / (Loss) Continuing Operations	31	33	26
Consolidated Net Income / (Loss)	31	33	26
Depreciation Expense	11	11	10
Amortization Expense	7.71	5.05	3.86
Non-Cash Adjustments To Reconcile Net Income	4.81	7.44	7.74
Changes in Operating Assets and Liabilities, net	-5.68	-3.08	-18
Net Cash From Investing Activities	-5.86	-30	-18
Net Cash From Continuing Investing Activities	-5.88	-30	-18
Purchase of Property, Plant & Equipment	-0.93	-9.14	-2.66
Acquisitions	0.00	-2.90	-5.88
Purchase of Investments	-51	-49	0.00
Sale of Property, Plant & Equipment	0.13	0.84	0.08
Sale and/or Maturity of Investments	49	23	0.00
Other Investing Activities, net	-3.13	7.22	-9.39
Net Cash From Financing Activities	-34	-16	-2.07
Net Cash From Continuing Financing Activities	-34	-16	-2.07
Repayment of Debt	-1.12	-1.01	-43
Payment of Dividends	-33	-23	-6.96
Issuance of Debt	0.00	8.00	49
Other Financing Activities, net	0.73	0.04	-1.01
Cash Interest Paid	2.03	2.00	1.98

This table details how cash moves in and out of Karat Packaging's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-7.32	20	6.17	-9.93	-5.09	9.91	-4.97	7.18	8.51	4.03
Net Cash From Operating Activities	8.25	19	14	6.56	10	12	17	14	17	20
Net Cash From Continuing Operating Activities	8.61	19	14	6.56	10	12	17	14	17	20
Net Income / (Loss) Continuing Operations	5.86	9.26	9.23	6.48	4.18	9.14	11	9.19	4.54	6.15
Consolidated Net Income / (Loss)	5.86	9.26	9.23	6.48	4.18	9.14	11	9.19	4.54	6.15
Depreciation Expense	2.70	2.69	2.66	2.63	2.73	2.71	2.72	2.63	2.65	2.60
Amortization Expense	2.17	2.04	2.02	1.49	1.38	1.35	1.31	1.01	0.94	1.12
Non-Cash Adjustments To Reconcile Net Income	0.41	1.77	0.57	2.05	4.39	-3.56	1.76	4.85	3.78	1.69
Changes in Operating Assets and Liabilities, net	-2.52	3.72	-0.78	-6.09	-2.38	2.40	0.41	-3.50	5.06	8.68
Net Cash From Investing Activities	-7.68	10	-0.52	-7.95	-8.83	7.98	-15	-15	-1.27	-4.23
Net Cash From Continuing Investing Activities	-7.70	10	-0.52	-7.95	-8.83	7.98	-15	-15	-1.27	-4.23
Purchase of Property, Plant & Equipment	-0.22	-0.30	-0.25	-0.16	-6.27	-1.05	0.94	-2.76	11	-4.27
Purchase of Investments	-17	-11	-10	-12	-21	-	-18	-10	-	-
Sale of Property, Plant & Equipment	0.02	0.03	0.07	0.02	0.24	0.58	0.00	0.03	0.00	0.04
Sale and/or Maturity of Investments	10	22	11	5.14	13	10	-	0.00	-	-
Other Investing Activities, net	-0.54	-0.55	-1.28	-0.76	5.39	-1.55	2.42	0.95	-10	-
Net Cash From Financing Activities	-7.89	-10	-7.01	-8.54	-6.54	-10	-7.20	7.68	-7.20	-12
Net Cash From Continuing Financing Activities	-8.01	-10	-7.01	-8.54	-6.54	-10	-7.20	7.68	-7.20	-12
Repayment of Debt	-0.29	-0.28	-0.28	-0.28	-0.28	-0.26	-0.24	-0.24	-0.23	-13
Payment of Dividends	-8.01	-10	-7.00	-8.32	-6.29	-9.95	-6.97	0.00	-6.96	-
Other Financing Activities, net	0.28	0.12	0.27	0.05	0.02	0.10	-0.00	-0.08	0.00	-0.19
Cash Interest Paid	0.47	0.52	0.54	0.50	0.50	0.47	0.61	0.42	0.44	0.47

This table presents Karat Packaging's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	295	276	252
Total Current Assets	161	155	124
Cash & Equivalents	32	23	16
Short-Term Investments	28	26	0.00
Accounts Receivable	27	28	30
Inventories, net	71	72	71
Prepaid Expenses	3.61	6.22	6.64
Plant, Property, & Equipment, net	88	95	96
Total Noncurrent Assets	46	26	33
Goodwill	3.51	3.51	3.51
Intangible Assets	0.30	0.33	0.35
Other Noncurrent Operating Assets	42	22	29
Total Liabilities & Shareholders' Equity	295	276	252
Total Liabilities	132	114	100
Total Current Liabilities	46	44	39
Short-Term Debt	1.18	1.12	0.96
Accounts Payable	21	24	23
Accrued Expenses	14	11	9.01
Current Deferred Revenue	0.74	0.95	1.28
Current Deferred & Payable Income Tax Liabilities	0.07	0.00	-
Other Current Liabilities	9.95	8.00	4.51
Total Noncurrent Liabilities	86	69	61
Long-Term Debt	47	48	42
Noncurrent Deferred & Payable Income Tax Liabilities	0.43	4.20	5.16
Other Noncurrent Operating Liabilities	38	17	14
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	162	163	152
Total Preferred & Common Equity	156	154	142
Preferred Stock	0.00	0.00	0.00
Total Common Equity	156	154	142
Common Stock	89	87	86
Retained Earnings	66	68	56
Other Equity Adjustments	-0.25	-0.25	-0.25
Noncontrolling Interest	6.63	8.57	10

This table presents Karat Packaging's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	307	311	279	280	287	273	239
Total Current Assets	170	170	161	159	161	142	125
Cash & Equivalents	39	19	13	28	18	23	7.53
Short-Term Investments	22	33	34	18	28	10	-
Accounts Receivable	34	34	30	34	33	33	37
Inventories, net	71	80	79	72	76	71	73
Prepaid Expenses	4.87	4.27	4.49	6.82	5.63	4.45	7.26
Plant, Property, & Equipment, net	90	92	94	97	96	99	94
Total Noncurrent Assets	47	49	25	25	30	32	20
Goodwill	3.51	3.51	3.51	3.51	3.51	3.51	3.51
Intangible Assets	0.31	0.31	0.32	0.33	0.34	0.35	0.36
Other Noncurrent Operating Assets	43	45	21	21	26	28	16
Total Liabilities & Shareholders' Equity	307	311	279	280	287	273	239
Total Liabilities	143	147	119	115	122	112	85
Total Current Liabilities	54	56	48	46	51	44	35
Short-Term Debt	1.17	1.15	1.14	1.11	0.97	0.96	0.95
Accounts Payable	27	28	27	22	31	28	24
Accrued Expenses	13	14	11	8.86	7.95	7.88	8.47
Current Deferred Revenue	0.91	0.88	-	0.80	-	0.96	1.19
Other Current Liabilities	12	11	8.31	4.98	5.08	4.96	-
Total Noncurrent Liabilities	89	91	70	70	71	68	51
Long-Term Debt	48	48	-	49	-	49	42
Noncurrent Deferred & Payable Income Tax Liabilities	4.20	4.20	4.20	5.16	5.16	5.16	5.63
Other Noncurrent Operating Liabilities	37	39	18	16	17	13	3.13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	164	164	160	165	165	161	154
Total Preferred & Common Equity	157	158	154	154	155	151	144
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	157	158	154	154	155	151	144
Common Stock	89	88	87	87	86	86	86
Retained Earnings	69	70	68	68	69	65	59
Other Equity Adjustments	-0.25	-0.25	-0.25	-0.25	-0.25	-	-
Noncontrolling Interest	6.28	6.12	5.99	11	11	10	10

This table displays calculated financial ratios and metrics derived from Karat Packaging's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	4.19%	-4.09%	16.12%
EBITDA Growth	-1.96%	27.06%	38.02%
EBIT Growth	-8.76%	34.38%	36.37%
NOPAT Growth	-11.94%	36.17%	26.43%
Net Income Growth	-7.10%	28.42%	15.14%
EPS Growth	-8.59%	36.97%	6.25%
Operating Cash Flow Growth	-10.11%	81.11%	239.60%
Free Cash Flow Firm Growth	-15.46%	540.96%	235.46%
Invested Capital Growth	-7.41%	-8.75%	10.09%
Revenue Q/Q Growth	1.46%	0.72%	0.32%
EBITDA Q/Q Growth	7.67%	0.18%	-2.80%
EBIT Q/Q Growth	9.34%	-0.95%	-6.92%
NOPAT Q/Q Growth	4.38%	-1.62%	-6.21%
Net Income Q/Q Growth	5.77%	-1.09%	-5.27%
EPS Q/Q Growth	5.67%	-1.21%	-7.03%
Operating Cash Flow Q/Q Growth	-4.08%	-11.13%	31.44%
Free Cash Flow Firm Q/Q Growth	-7.08%	-11.02%	306.98%
Invested Capital Q/Q Growth	-0.77%	-3.24%	-5.75%
Profitability Metrics	-	-	-
Gross Margin	38.88%	37.73%	31.23%
EBITDA Margin	13.45%	14.29%	10.79%
Operating Margin	8.93%	10.37%	7.10%
EBIT Margin	9.10%	10.39%	7.41%
Profit (Net Income) Margin	7.29%	8.18%	6.11%
Tax Burden Percent	75.74%	77.19%	79.47%
Interest Burden Percent	105.86%	102.02%	103.69%
Effective Tax Rate	24.26%	22.81%	20.53%
Return on Invested Capital (ROIC)	18.25%	19.04%	14.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-20.85%	24.31%	21.04%
Return on Net Nonoperating Assets (RNNOA)	0.73%	2.05%	4.19%
Return on Equity (ROE)	18.98%	21.09%	18.20%
Cash Return on Invested Capital (CROIC)	25.94%	28.19%	4.41%
Operating Return on Assets (OROA)	13.47%	15.94%	13.64%
Return on Assets (ROA)	10.80%	12.55%	11.24%
Return on Common Equity (ROCE)	18.09%	19.83%	16.96%
Return on Equity Simple (ROE_SIMPLE)	19.81%	21.53%	18.24%
Net Operating Profit after Tax (NOPAT)	29	32	24
NOPAT Margin	6.77%	8.01%	5.64%
Net Nonoperating Expense Percent (NNEP)	39.09%	-5.28%	-7.03%
Return On Investment Capital (ROIC_SIMPLE)	13.58%	15.31%	-
Cost of Revenue to Revenue	61.12%	62.27%	68.77%
SG&A Expenses to Revenue	29.30%	26.73%	24.14%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.95%	27.36%	24.13%
Earnings before Interest and Taxes (EBIT)	38	42	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	58	46
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.84	3.00	1.84
Price to Tangible Book Value (P/TBV)	3.93	3.08	1.89
Price to Revenue (P/Rev)	1.41	1.14	0.62
Price to Earnings (P/E)	19.92	14.24	11.01
Dividend Yield	5.20%	2.81%	2.68%
Earnings Yield	5.02%	7.02%	9.09%
Enterprise Value to Invested Capital (EV/IC)	3.93	2.89	1.66
Enterprise Value to Revenue (EV/Rev)	1.40	1.16	0.70
Enterprise Value to EBITDA (EV/EBITDA)	10.42	8.12	6.51
Enterprise Value to EBIT (EV/EBIT)	15.41	11.18	9.47
Enterprise Value to NOPAT (EV/NOPAT)	20.71	14.50	12.45
Enterprise Value to Operating Cash Flow (EV/OCF)	12.34	8.82	10.08
Enterprise Value to Free Cash Flow (EV/FCFF)	14.57	9.79	39.58
Leverage & Solvency	-	-	-
Debt to Equity	0.30	0.30	0.28
Long-Term Debt to Equity	0.29	0.30	0.27
Financial Leverage	-0.04	0.08	0.20
Leverage Ratio	1.76	1.68	1.62
Compound Leverage Factor	1.86	1.71	1.68
Debt to Total Capital	23.00%	23.33%	21.86%
Short-Term Debt to Total Capital	0.56%	0.53%	0.49%
Long-Term Debt to Total Capital	22.44%	22.81%	21.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.15%	4.04%	5.27%
Common Equity to Total Capital	73.85%	72.63%	72.86%
Debt to EBITDA	0.85	0.85	0.93
Net Debt to EBITDA	-0.20	0.00	0.58
Long-Term Debt to EBITDA	0.83	0.83	0.91
Debt to NOPAT	1.69	1.52	1.78
Net Debt to NOPAT	-0.40	0.00	1.11
Long-Term Debt to NOPAT	1.65	1.49	1.74
Altman Z-Score	5.36	5.23	4.36
Noncontrolling Interest Sharing Ratio	4.68%	5.98%	6.82%
Liquidity Ratios	-	-	-
Current Ratio	3.47	3.49	3.15
Quick Ratio	1.87	1.74	1.17
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	41	48	7.50
Operating Cash Flow to CapEx	5,997.75%	642.89%	1,142.40%
Free Cash Flow to Firm to Interest Expense	19.15	23.54	3.72
Operating Cash Flow to Interest Expense	22.60	26.13	14.61
Operating Cash Flow Less CapEx to Interest Expense	22.22	22.06	13.33
Efficiency Ratios	-	-	-
Asset Turnover	1.48	1.53	1.84
Accounts Receivable Turnover	15.51	14.07	13.49
Inventory Turnover	3.63	3.54	4.49
Fixed Asset Turnover	4.61	4.25	4.47
Accounts Payable Turnover	11.55	10.69	13.23
Days Sales Outstanding (DSO)	23.53	25.95	27.05
Days Inventory Outstanding (DIO)	100.50	103.12	81.36
Days Payable Outstanding (DPO)	31.59	34.14	27.59
Cash Conversion Cycle (CCC)	92.45	94.93	80.82
Capital & Investment Metrics	-	-	-
Invested Capital	151	163	178
Invested Capital Turnover	2.70	2.38	2.48
Increase / (Decrease) in Invested Capital	-12	-16	16
Enterprise Value (EV)	592	471	297
Market Capitalization	597	462	260
Book Value per Share	$7.77	$7.72	$7.12
Tangible Book Value per Share	$7.58	$7.53	$6.92
Total Capital	211	212	194
Total Debt	48	50	43
Total Long-Term Debt	47	48	42
Net Debt	-11	0.10	26
Capital Expenditures (CapEx)	0.80	8.30	2.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	56	62	69
Debt-free Net Working Capital (DFNWC)	116	112	86
Net Working Capital (NWC)	115	111	85
Net Nonoperating Expense (NNE)	-2.22	-0.70	-1.99
Net Nonoperating Obligations (NNO)	-11	0.10	26
Total Depreciation and Amortization (D&A)	18	16	14
Debt-free, Cash-free Net Working Capital to Revenue	13.20%	15.34%	16.42%
Debt-free Net Working Capital to Revenue	27.38%	27.52%	20.22%
Net Working Capital to Revenue	27.10%	27.25%	19.99%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.50	$1.63	$1.19
Adjusted Weighted Average Basic Shares Outstanding	20.00M	19.90M	19.82M
Adjusted Diluted Earnings per Share	$1.49	$1.63	$1.19
Adjusted Weighted Average Diluted Shares Outstanding	20.12M	19.98M	19.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.04M	19.97M	19.89M
Normalized Net Operating Profit after Tax (NOPAT)	31	34	24
Normalized NOPAT Margin	7.26%	8.49%	5.63%
Pre Tax Income Margin	9.63%	10.60%	7.69%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	18.11	20.62	15.55
NOPAT to Interest Expense	13.47	15.90	11.83
EBIT Less CapEx to Interest Expense	17.73	16.56	14.27
NOPAT Less CapEx to Interest Expense	13.10	11.83	10.55
Payout Ratios	-	-	-
Dividend Payout Ratio	108.17%	69.93%	26.95%
Augmented Payout Ratio	108.17%	69.93%	26.95%

This table displays calculated financial ratios and metrics derived from Karat Packaging's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.35%	6.86%	3.55%	-0.20%	3.15%	-4.06%	-5.35%	-9.12%	1.46%	7.09%
EBITDA Growth	47.69%	-1.07%	-9.22%	-21.42%	1.26%	29.84%	46.12%	23.14%	-13.56%	54.50%
EBIT Growth	74.81%	-7.04%	-16.66%	-31.78%	-8.44%	38.86%	62.66%	26.78%	-32.70%	58.17%
NOPAT Growth	31.39%	1.92%	-16.46%	-36.48%	-12.34%	42.89%	62.01%	37.25%	-26.07%	47.72%
Net Income Growth	40.27%	1.33%	-13.58%	-29.50%	-8.02%	48.55%	48.29%	15.65%	-24.04%	51.07%
EPS Growth	40.00%	0.00%	-15.09%	-31.11%	-9.09%	45.16%	65.63%	32.35%	-29.03%	63.16%
Operating Cash Flow Growth	-19.83%	61.84%	-18.81%	-53.76%	-39.38%	-40.55%	358.25%	224.14%	71.03%	1,304.93%
Free Cash Flow Firm Growth	-11.93%	-15.23%	-57.48%	20.18%	264.37%	228.96%	200.43%	143.66%	35.30%	85.26%
Invested Capital Growth	-7.41%	-9.72%	-4.93%	-8.70%	-8.75%	-11.12%	-14.82%	-4.46%	10.09%	18.13%
Revenue Q/Q Growth	-9.86%	0.15%	17.77%	0.03%	-9.43%	-2.95%	13.51%	3.38%	-15.75%	-4.25%
EBITDA Q/Q Growth	-20.41%	-2.49%	30.64%	45.68%	-46.69%	-10.53%	13.08%	87.74%	-31.64%	0.68%
EBIT Q/Q Growth	-30.41%	-3.94%	39.14%	87.95%	-63.00%	-13.88%	13.90%	152.23%	-43.88%	0.89%
NOPAT Q/Q Growth	-41.58%	3.57%	37.32%	58.12%	-54.68%	-15.11%	4.41%	118.21%	-26.12%	-3.75%
Net Income Q/Q Growth	-36.74%	0.38%	42.48%	55.04%	-54.30%	-14.40%	16.23%	102.29%	-26.20%	-14.54%
EPS Q/Q Growth	-37.78%	0.00%	45.16%	55.00%	-55.56%	-15.09%	17.78%	104.55%	-29.03%	-3.13%
Operating Cash Flow Q/Q Growth	-57.64%	42.23%	108.80%	-36.26%	-14.49%	-28.65%	18.91%	-16.44%	-16.15%	449.99%
Free Cash Flow Firm Q/Q Growth	-31.62%	49.37%	-22.43%	11.17%	-34.19%	-25.07%	119.23%	252.03%	48.36%	41.65%
Invested Capital Q/Q Growth	-0.77%	-5.52%	-1.32%	0.08%	-3.24%	-0.51%	-5.23%	0.02%	-5.75%	-4.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.18%	38.57%	38.55%	39.33%	35.67%	36.90%	38.50%	39.82%	32.01%	31.06%
EBITDA Margin	12.34%	13.97%	14.35%	12.94%	8.88%	15.09%	16.37%	16.43%	9.05%	11.15%
Operating Margin	7.18%	9.99%	9.87%	8.45%	4.84%	10.78%	12.27%	13.29%	5.19%	7.19%
EBIT Margin	7.55%	9.78%	10.20%	8.63%	4.59%	11.25%	12.67%	12.63%	5.18%	7.77%
Profit (Net Income) Margin	5.76%	8.21%	8.19%	6.77%	4.37%	8.66%	9.82%	9.59%	4.90%	5.59%
Tax Burden Percent	70.45%	78.10%	76.46%	76.63%	84.62%	75.89%	76.26%	76.52%	92.79%	76.41%
Interest Burden Percent	108.35%	107.51%	105.09%	102.40%	112.41%	101.49%	101.60%	99.23%	102.04%	94.23%
Effective Tax Rate	29.55%	21.90%	23.54%	23.37%	15.38%	24.11%	23.74%	23.48%	7.21%	23.59%
Return on Invested Capital (ROIC)	13.64%	20.31%	18.73%	15.38%	9.74%	18.44%	20.72%	23.02%	11.97%	13.26%
ROIC Less NNEP Spread (ROIC-NNEP)	1.04%	9.11%	214.08%	18.31%	11.72%	21.04%	22.56%	21.27%	12.24%	13.57%
Return on Net Nonoperating Assets (RNNOA)	-0.04%	-0.23%	0.49%	1.11%	0.99%	2.55%	3.95%	4.48%	2.44%	3.42%
Return on Equity (ROE)	13.60%	20.08%	19.22%	16.49%	10.73%	20.99%	24.68%	27.50%	14.41%	16.68%
Cash Return on Invested Capital (CROIC)	25.94%	27.34%	21.57%	26.04%	28.19%	30.24%	32.57%	19.11%	4.41%	-2.07%
Operating Return on Assets (OROA)	11.18%	13.89%	13.97%	12.67%	7.05%	17.44%	19.32%	20.32%	9.52%	14.79%
Return on Assets (ROA)	8.53%	11.66%	11.23%	9.94%	6.71%	13.43%	14.97%	15.43%	9.02%	10.65%
Return on Common Equity (ROCE)	12.97%	19.05%	18.24%	15.65%	10.08%	19.62%	23.02%	25.64%	13.42%	15.54%
Return on Equity Simple (ROE_SIMPLE)	0.00%	18.53%	18.40%	19.73%	0.00%	21.76%	19.75%	17.94%	0.00%	18.96%
Net Operating Profit after Tax (NOPAT)	5.14	8.80	8.50	6.19	3.91	8.64	10	9.74	4.46	6.04
NOPAT Margin	5.06%	7.81%	7.55%	6.47%	4.09%	8.18%	9.36%	10.17%	4.82%	5.49%
Net Nonoperating Expense Percent (NNEP)	12.60%	11.21%	-195.35%	-2.93%	-1.98%	-2.60%	-1.84%	1.75%	-0.27%	-0.31%
Return On Investment Capital (ROIC_SIMPLE)	2.44%	-	-	-	1.84%	-	-	-	-	-
Cost of Revenue to Revenue	60.82%	61.43%	61.45%	60.67%	64.33%	63.10%	61.50%	60.18%	67.99%	68.94%
SG&A Expenses to Revenue	31.75%	28.60%	28.21%	28.80%	30.52%	26.41%	23.97%	26.44%	26.81%	23.89%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.00%	28.58%	28.68%	30.88%	30.83%	26.12%	26.23%	26.53%	26.82%	23.87%
Earnings before Interest and Taxes (EBIT)	7.68	11	11	8.25	4.39	12	14	12	4.80	8.55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	16	16	12	8.49	16	18	16	8.39	12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.84	3.29	3.67	3.59	3.00	2.83	2.18	1.60	1.84	1.96
Price to Tangible Book Value (P/TBV)	3.93	3.38	3.77	3.68	3.08	2.90	2.24	1.64	1.89	2.01
Price to Revenue (P/Rev)	1.41	1.24	1.42	1.37	1.14	1.08	0.83	0.58	0.62	0.67
Price to Earnings (P/E)	19.92	18.34	20.53	18.69	14.24	13.15	11.20	9.28	11.01	11.37
Dividend Yield	5.20%	5.21%	3.27%	3.43%	2.81%	3.65%	4.12%	2.89%	2.68%	0.00%
Earnings Yield	5.02%	5.45%	4.87%	5.35%	7.02%	7.60%	8.93%	10.77%	9.09%	8.79%
Enterprise Value to Invested Capital (EV/IC)	3.93	3.38	3.62	3.16	2.89	2.67	1.79	1.51	1.66	1.73
Enterprise Value to Revenue (EV/Rev)	1.40	1.23	1.42	1.27	1.16	1.12	0.74	0.65	0.70	0.78
Enterprise Value to EBITDA (EV/EBITDA)	10.42	9.71	11.00	9.42	8.12	7.77	5.59	5.53	6.51	6.96
Enterprise Value to EBIT (EV/EBIT)	15.41	14.58	16.18	13.43	11.18	10.57	7.73	7.92	9.47	9.70
Enterprise Value to NOPAT (EV/NOPAT)	20.71	18.71	21.39	17.78	14.50	13.62	9.96	10.11	12.45	12.85
Enterprise Value to Operating Cash Flow (EV/OCF)	12.34	10.25	13.68	11.24	8.82	7.49	4.44	4.88	10.08	14.57
Enterprise Value to Free Cash Flow (EV/FCFF)	14.57	11.72	16.37	11.57	9.79	8.32	5.06	7.70	39.58	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.30	0.30	0.01	0.30	0.30	0.01	0.31	0.28	0.28
Long-Term Debt to Equity	0.29	0.29	0.29	0.00	0.30	0.30	0.00	0.31	0.27	0.27
Financial Leverage	-0.04	-0.03	0.00	0.06	0.08	0.12	0.18	0.21	0.20	0.25
Leverage Ratio	1.76	1.79	1.82	1.72	1.68	1.63	1.71	1.70	1.62	1.59
Compound Leverage Factor	1.90	1.92	1.91	1.76	1.89	1.65	1.73	1.69	1.65	1.50
Debt to Total Capital	23.00%	22.95%	23.02%	0.71%	23.33%	23.20%	0.58%	23.76%	21.86%	21.71%
Short-Term Debt to Total Capital	0.56%	0.55%	0.54%	0.71%	0.53%	0.52%	0.58%	0.45%	0.49%	0.48%
Long-Term Debt to Total Capital	22.44%	22.40%	22.48%	0.00%	22.81%	22.69%	0.00%	23.30%	21.37%	21.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.15%	2.96%	2.87%	3.71%	4.04%	4.94%	6.38%	4.93%	5.27%	5.21%
Common Equity to Total Capital	73.85%	74.09%	74.11%	95.59%	72.63%	71.86%	93.04%	71.31%	72.86%	73.08%
Debt to EBITDA	0.85	0.92	0.93	0.02	0.85	0.86	0.02	1.04	0.93	0.91
Net Debt to EBITDA	-0.20	-0.22	-0.06	-0.83	0.00	0.06	-0.84	0.35	0.58	0.75
Long-Term Debt to EBITDA	0.83	0.90	0.90	0.00	0.83	0.84	0.00	1.02	0.91	0.89
Debt to NOPAT	1.69	1.78	1.80	0.04	1.52	1.51	0.03	1.89	1.78	1.68
Net Debt to NOPAT	-0.40	-0.43	-0.11	-1.57	0.00	0.11	-1.49	0.64	1.11	1.38
Long-Term Debt to NOPAT	1.65	1.74	1.76	0.00	1.49	1.47	0.00	1.86	1.74	1.64
Altman Z-Score	5.01	4.41	4.56	5.17	4.78	4.67	4.04	3.71	4.01	4.65
Noncontrolling Interest Sharing Ratio	4.68%	5.14%	5.08%	5.10%	5.98%	6.54%	6.71%	6.78%	6.82%	6.82%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.47	3.12	3.05	3.33	3.49	3.47	3.17	3.20	3.15	3.58
Quick Ratio	1.87	1.73	1.54	1.59	1.74	1.76	1.56	1.50	1.17	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	17	25	17	22	20	30	40	18	-12	-23
Operating Cash Flow to CapEx	4,145.73%	7,057.25%	7,402.70%	4,685.00%	170.44%	2,523.06%	0.00%	518.65%	0.00%	479.06%
Free Cash Flow to Firm to Interest Expense	33.34	47.02	30.73	41.44	37.06	55.37	69.12	44.39	-26.95	-46.68
Operating Cash Flow to Interest Expense	15.99	36.41	24.99	12.52	19.53	22.45	29.44	34.85	38.49	41.06
Operating Cash Flow Less CapEx to Interest Expense	15.60	35.89	24.65	12.25	8.07	21.56	31.09	28.13	63.03	32.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.48	1.42	1.37	1.47	1.53	1.55	1.52	1.61	1.84	1.90
Accounts Receivable Turnover	15.51	12.28	12.31	12.85	14.07	11.39	11.42	10.83	13.49	12.05
Inventory Turnover	3.63	3.62	3.27	3.37	3.54	3.51	3.26	3.74	4.49	4.36
Fixed Asset Turnover	4.61	4.46	4.35	4.20	4.25	4.22	4.27	4.32	4.47	4.48
Accounts Payable Turnover	11.55	10.46	8.70	9.30	10.69	11.04	9.16	10.18	13.23	12.74
Days Sales Outstanding (DSO)	23.53	29.73	29.65	28.39	25.95	32.05	31.95	33.69	27.05	30.30
Days Inventory Outstanding (DIO)	100.50	100.87	111.62	108.35	103.12	104.09	112.10	97.53	81.36	83.75
Days Payable Outstanding (DPO)	31.59	34.90	41.97	39.25	34.14	33.06	39.86	35.86	27.59	28.65
Cash Conversion Cycle (CCC)	92.45	95.69	99.31	97.49	94.93	103.08	104.19	95.36	80.82	85.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	151	152	161	163	163	168	169	178	178	189
Invested Capital Turnover	2.70	2.60	2.48	2.38	2.38	2.25	2.22	2.26	2.48	2.41
Increase / (Decrease) in Invested Capital	-12	-16	-8.34	-16	-16	-21	-29	-8.32	16	29
Enterprise Value (EV)	592	513	583	514	471	450	303	269	297	327
Market Capitalization	597	518	579	554	462	436	338	241	260	281
Book Value per Share	$7.77	$7.86	$7.90	$7.73	$7.72	$7.75	$7.78	$7.59	$7.12	$7.25
Tangible Book Value per Share	$7.58	$7.67	$7.70	$7.54	$7.53	$7.56	$7.59	$7.40	$6.92	$7.06
Total Capital	211	212	213	162	212	215	166	212	194	197
Total Debt	48	49	49	1.14	50	50	0.97	50	43	43
Total Long-Term Debt	47	48	48	0.00	48	49	0.00	49	42	42
Net Debt	-11	-12	-3.06	-46	0.10	3.55	-45	17	26	35
Capital Expenditures (CapEx)	0.20	0.28	0.19	0.14	6.04	0.48	-0.95	2.74	-11	4.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	56	56	63	67	62	68	65	65	69	83
Debt-free Net Working Capital (DFNWC)	116	117	115	113	112	114	111	98	86	91
Net Working Capital (NWC)	115	116	114	112	111	113	110	97	85	90
Net Nonoperating Expense (NNE)	-0.72	-0.46	-0.73	-0.29	-0.26	-0.50	-0.50	0.56	-0.08	-0.11
Net Nonoperating Obligations (NNO)	-11	-12	-3.06	2.53	0.10	3.49	3.81	17	26	35
Total Depreciation and Amortization (D&A)	4.87	4.73	4.68	4.12	4.10	4.06	4.02	3.65	3.59	3.72
Debt-free, Cash-free Net Working Capital to Revenue	13.20%	13.53%	15.47%	16.48%	15.34%	16.85%	15.96%	15.75%	16.42%	19.78%
Debt-free Net Working Capital to Revenue	27.38%	28.03%	28.19%	27.99%	27.52%	28.33%	27.32%	23.79%	20.22%	21.57%
Net Working Capital to Revenue	27.10%	27.75%	27.91%	27.71%	27.25%	28.06%	27.08%	23.56%	19.99%	21.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.45	$0.46	$0.31	$0.19	$0.46	$0.53	$0.45	$0.22	$0.31
Adjusted Weighted Average Basic Shares Outstanding	20.00M	20.02M	19.99M	19.97M	19.90M	19.89M	19.89M	19.89M	19.82M	19.81M
Adjusted Diluted Earnings per Share	$0.28	$0.45	$0.45	$0.31	$0.20	$0.45	$0.53	$0.45	$0.22	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	20.12M	20.13M	20.11M	20.08M	19.98M	19.99M	19.95M	19.94M	19.93M	19.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.04M	20.02M	20.01M	19.98M	19.97M	19.96M	19.89M	19.89M	19.89M	19.91M
Normalized Net Operating Profit after Tax (NOPAT)	5.32	8.78	8.90	7.72	4.16	8.40	12	9.81	4.46	6.04
Normalized NOPAT Margin	5.24%	7.79%	7.91%	8.07%	4.36%	7.96%	11.08%	10.24%	4.82%	5.49%
Pre Tax Income Margin	8.18%	10.52%	10.72%	8.84%	5.16%	11.41%	12.87%	12.53%	5.28%	7.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.88	20.62	20.95	15.75	8.33	22.14	24.05	29.72	10.88	17.33
NOPAT to Interest Expense	9.97	16.45	15.51	11.81	7.43	16.11	17.75	23.94	10.12	12.26
EBIT Less CapEx to Interest Expense	14.49	20.10	20.62	15.48	-3.13	21.25	25.70	23.00	35.42	8.76
NOPAT Less CapEx to Interest Expense	9.58	15.94	15.17	11.54	-4.03	15.22	19.41	17.22	34.66	3.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	108.17%	108.50%	108.76%	103.45%	69.93%	71.19%	45.58%	0.00%	26.95%	0.00%
Augmented Payout Ratio	108.17%	108.50%	108.76%	103.45%	69.93%	71.19%	45.58%	0.00%	26.95%	0.00%

Frequently Asked Questions About Karat Packaging's Financials

When does Karat Packaging's fiscal year end?

According to the most recent income statement we have on file, Karat Packaging's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Karat Packaging's net income changed over the last 2 years?

Karat Packaging's net income appears to be on an upward trend, with a most recent value of $30.82 million in 2024, rising from $25.84 million in 2022. The previous period was $33.18 million in 2023. Check out Karat Packaging's forecast to explore projected trends and price targets.

What is Karat Packaging's operating income?

Karat Packaging's total operating income in 2024 was $37.76 million, based on the following breakdown:

Total Gross Profit: $164.33 million
Total Operating Expenses: $126.57 million

How has Karat Packaging revenue changed over the last 2 years?

Over the last 2 years, Karat Packaging's total revenue changed from $422.96 million in 2022 to $422.63 million in 2024, a change of -0.1%.

How much debt does Karat Packaging have?

Karat Packaging's total liabilities were at $132.32 million at the end of 2024, a 16.4% increase from 2023, and a 32.0% increase since 2022.

How much cash does Karat Packaging have?

In the past 2 years, Karat Packaging's cash and equivalents has ranged from $16.04 million in 2022 to $31.58 million in 2024, and is currently $31.58 million as of their latest financial filing in 2024.

How has Karat Packaging's book value per share changed over the last 2 years?

Over the last 2 years, Karat Packaging's book value per share changed from 7.12 in 2022 to 7.77 in 2024, a change of 9.2%.

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This page (NASDAQ:KRT) was last updated on 5/25/2025 by MarketBeat.com Staff

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Karat Packaging (KRT) Financials

Frequently Asked Questions About Karat Packaging's Financials

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Karat Packaging (KRT) Financials

Annual Income Statements for Karat Packaging

Quarterly Income Statements for Karat Packaging

Annual Cash Flow Statements for Karat Packaging

Quarterly Cash Flow Statements for Karat Packaging

Annual Balance Sheets for Karat Packaging

Quarterly Balance Sheets for Karat Packaging

Annual Metrics And Ratios for Karat Packaging

Quarterly Metrics And Ratios for Karat Packaging

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