Financial Snapshot

Revenue
$416.6M
TTM
Gross Margin
38.03%
TTM
Net Earnings
$28.26M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
312.21%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$163.6M
Q3 2024
Cash
Q3 2024
P/E
22.35
Nov 29, 2024 EST
Free Cash Flow
$49.34M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $405.7M $423.0M $364.2M $295.5M $224.9M $175.4M $140.1M
YoY Change -4.09% 16.12% 23.26% 31.4% 28.22% 25.2%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $405.7M $423.0M $364.2M $295.5M $224.9M $175.4M $140.1M
Cost Of Revenue $252.6M $290.9M $256.4M $206.4M $163.9M $132.0M $98.80M
Gross Profit $153.0M $132.1M $107.8M $89.13M $61.00M $43.50M $41.30M
Gross Profit Margin 37.73% 31.23% 29.6% 30.16% 27.12% 24.8% 29.48%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $108.4M $102.1M $84.68M $61.43M $55.20M $41.30M $35.30M
YoY Change 6.24% 20.53% 37.86% 11.28% 33.66% 17.0%
% of Gross Profit 70.86% 77.28% 78.54% 68.92% 90.49% 94.94% 85.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.78M $10.41M $10.04M $8.569M $5.950M $3.960M $3.120M
YoY Change 3.63% 3.59% 17.21% 44.02% 50.25% 26.92%
% of Gross Profit 7.05% 7.88% 9.31% 9.61% 9.75% 9.1% 7.55%
Operating Expenses $108.4M $102.1M $84.68M $61.43M $55.20M $41.30M $35.30M
YoY Change 6.24% 20.53% 37.86% 11.28% 33.66% 17.0%
Operating Profit $44.60M $30.02M $23.15M $27.70M $5.800M $2.200M $6.000M
YoY Change 48.6% 29.68% -16.43% 377.53% 163.64% -63.33%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$137.0K $2.017M -$1.395M -$5.492M -$5.000M -$1.000M -$1.600M
YoY Change -106.79% -244.59% -74.6% 9.84% 400.0% -37.5%
% of Operating Profit -0.31% 6.72% -6.03% -19.83% -86.21% -45.45% -26.67%
Other Income/Expense, Net $1.045M $2.498M $4.383M -$5.770M -$200.0K $600.0K $300.0K
YoY Change -58.17% -43.01% -175.96% 2785.0% -133.33% 100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income $42.98M $32.51M $27.53M $21.93M $2.900M $1.500M $4.600M
YoY Change 32.21% 18.11% 25.54% 656.1% 93.33% -67.39%
Income Tax $9.804M $6.676M $5.089M $5.259M $800.0K $1.700M $100.0K
% Of Pretax Income 22.81% 20.53% 18.49% 23.98% 27.59% 113.33% 2.17%
Net Earnings $32.47M $23.65M $20.78M $17.52M $1.700M $0.00 $4.500M
YoY Change 37.31% 13.81% 18.62% 930.41% -100.0%
Net Earnings / Revenue 8.0% 5.59% 5.7% 5.93% 0.76% 0.0% 3.21%
Basic Earnings Per Share $1.63 $1.19 $1.13 $1.15
Diluted Earnings Per Share $1.63 $1.19 $1.12 $1.13 $86.29K $0.00 $228.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $49.42M $16.04M $6.483M $400.0K $800.0K $1.000M $800.0K
YoY Change 208.08% 147.43% 1520.75% -50.0% -20.0% 25.0%
Cash & Equivalents $23.08M $16.04M $6.483M $400.0K $800.0K $1.000M $800.0K
Short-Term Investments $26.34M
Other Short-Term Assets $6.219M $6.641M $5.141M $6.500M $3.100M $2.000M $1.400M
YoY Change -6.35% 29.18% -20.91% 109.68% 55.0% 42.86%
Inventory $71.53M $71.21M $58.47M $49.00M $35.40M $29.50M $28.50M
Prepaid Expenses
Receivables $27.76M $29.91M $32.78M $23.80M $21.00M $14.70M $11.20M
Other Receivables $0.00 $0.00 $0.00 $0.00 $700.0K $400.0K $400.0K
Total Short-Term Assets $154.9M $123.8M $102.9M $79.80M $61.00M $47.60M $42.30M
YoY Change 25.14% 20.34% 28.91% 30.82% 28.15% 12.53%
Property, Plant & Equipment $116.0M $111.3M $93.48M $95.50M $59.00M $38.10M $19.80M
YoY Change 4.21% 19.05% -2.12% 61.86% 54.86% 92.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $1.300M
YoY Change -100.0%
Other Assets $1.666M $13.23M $7.362M $2.700M $13.30M $10.30M $700.0K
YoY Change -87.41% 79.72% 172.67% -79.7% 29.13% 1371.43%
Total Long-Term Assets $121.5M $128.4M $104.7M $101.3M $72.40M $48.40M $21.80M
YoY Change -5.38% 22.58% 3.38% 39.92% 49.59% 122.02%
Total Assets $276.4M $252.2M $207.6M $181.1M $133.4M $96.00M $64.10M
YoY Change
Accounts Payable $18.45M $18.56M $18.47M $20.10M $19.00M $15.10M $11.60M
YoY Change -0.61% 0.48% -8.11% 5.79% 25.83% 30.17%
Accrued Expenses $14.82M $12.35M $7.813M $5.000M $2.700M $1.600M $2.500M
YoY Change 20.01% 58.1% 56.26% 85.19% 68.75% -36.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $22.80M $19.40M
YoY Change -100.0% 17.53%
Long-Term Debt Due $1.122M $957.0K $1.178M $11.70M $7.200M $14.90M $5.700M
YoY Change 17.24% -18.76% -89.93% 62.5% -51.68% 161.4%
Total Short-Term Liabilities $44.40M $39.25M $30.76M $43.10M $35.90M $60.50M $45.60M
YoY Change 13.11% 27.59% -28.62% 20.06% -40.66% 32.68%
Long-Term Debt $48.40M $41.56M $35.34M $86.90M $68.00M $12.00M $7.800M
YoY Change 16.45% 17.6% -59.33% 27.79% 466.67% 53.85%
Other Long-Term Liabilities $16.71M $14.28M $3.837M $5.000M $3.200M
YoY Change 17.08% 272.04% -23.26% 56.25%
Total Long-Term Liabilities $65.11M $55.83M $39.18M $91.90M $71.20M $12.00M $7.800M
YoY Change 16.61% 42.52% -57.37% 29.07% 493.33% 53.85%
Total Liabilities $122.3M $110.5M $84.70M $148.7M $117.6M $82.00M $53.40M
YoY Change 10.67% 30.45% -43.04% 26.45% 43.41% 53.56%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 19.91M shares 19.83M shares 18.41M shares 15.18M shares
Diluted Shares Outstanding 19.98M shares 19.93M shares 18.57M shares 15.45M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $631.56 Million

About Karat Packaging Inc.

Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company is headquartered in Chino, California and currently employs 778 full-time employees. The company went IPO on 2019-10-16. The firm classifies its customers into four categories. Distributors include national and regional distributors across the United States that purchase its products and provide a channel to offer its products to restaurants, offices, schools, government entities and other end users. National and regional chains include typically fast casual and fast-food restaurants with locations across multiple states. Retail includes primarily regional bubble tea shops, boutique coffee shops and frozen yogurt shops that often purchase its specialty beverage ingredients and related items. E-commerce/Online includes small businesses, such as small restaurants, bubble tea shops, coffee shops, juice bars, smoothie shops and some customers who purchase for personal use.

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