Karat Packaging (KRT) Income Statement: Revenue & Earnings

Karat Packaging Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Karat Packaging Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	422.63	405.65	422.96	364.24	295.52
Cost of Revenue	258.30	252.61	290.87	256.42	206.39
Gross Profit	164.33	153.04	132.09	107.83	89.13
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	119.55	108.44	102.10	84.68	61.43
Operating Expenses	123.82	108.44	102.10	84.68	61.43
Operating Income	40.51	44.60	29.98	23.15	27.70
Other Income/Expense
Interest Income	2.30	1.80	2.23	1.51	0.00
Interest Expense	2.12	-2.04	2.02	-2.91	-5.49
Other Income/Expense	0.01	1.05	2.32	-6.19	0.39
Income
Income Before Tax	40.70	42.98	32.51	27.53	21.93
Income Tax Expense	9.87	9.80	6.68	5.09	5.26
Net Income	29.98	32.47	23.65	20.78	17.52
Net Income - Continuous Operations	30.82	33.18	25.84	22.44	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	61.12	55.38	48.76	40.50	36.27
EBIT	42.82	44.60	34.53	30.44	27.70
Depreciation & Amortization	4.26	10.78	14.23	10.02	8.57
Earnings Per Share
Basic EPS	2.00	2.00	1.00	1.00	1.00
Diluted EPS	1.00	2.00	1.00	1.00	1.00
Basic Shares Outstanding	20.00	19.90	19.82	18.41	15.18
Diluted Shares Outstanding	20.12	19.98	19.93	18.57	15.45