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Karat Packaging (KRT) Financials

Karat Packaging logo
$26.90 +0.64 (+2.44%)
Closing price 05/2/2025 04:00 PM Eastern
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$26.94 +0.05 (+0.17%)
As of 04:36 AM Eastern
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Annual Income Statements for Karat Packaging

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

Quarterly Income Statements for Karat Packaging

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

Annual Cash Flow Statements for Karat Packaging

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

Quarterly Cash Flow Statements for Karat Packaging

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

Annual Balance Sheets for Karat Packaging

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

Quarterly Balance Sheets for Karat Packaging

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

Annual Metrics and Ratios for Karat Packaging

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

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

Quarterly Metrics and Ratios for Karat Packaging

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

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

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. See Karat Packaging's forecast for analyst expectations on what’s next for the company.

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%.



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