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Karat Packaging (KRT) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Karat Packaging Revenue Highlights

Latest Revenue (Y)

$405.65M

Latest Revenue (Q)

$112.77M

Main Segment (Y)

Distributors

Karat Packaging Revenue by Period

Karat Packaging Revenue by Year

DateRevenueChange
2023-12-31$405.65M-4.09%
2022-12-31$422.96M16.12%
2021-12-31$364.24M23.26%
2020-12-31$295.52M31.39%
2019-12-31$224.91M28.20%
2018-12-31$175.43M25.26%
2017-12-31$140.06M-

Karat Packaging generated $405.65M in revenue during NA 2023, up -4.09% compared to the previous quarter, and up 231.23% compared to the same period a year ago.

Karat Packaging Revenue by Quarter

DateRevenueChange
2024-09-30$112.77M0.15%
2024-06-30$112.60M17.77%
2024-03-31$95.61M0.03%
2023-12-31$95.58M-9.42%
2023-09-30$105.53M-2.95%
2023-06-30$108.74M13.51%
2023-03-31$95.80M3.38%
2022-12-31$92.67M-15.75%
2022-09-30$110.00M-4.25%
2022-06-30$114.88M8.98%
2022-03-31$105.41M15.41%
2021-12-31$91.33M-11.08%
2021-09-30$102.71M8.66%
2021-06-30$94.53M24.91%
2021-03-31$75.67M7.52%
2020-12-31$70.38M-7.78%
2020-09-30$76.32M-9.94%
2020-06-30$84.74M32.23%
2020-03-31$64.08M13.90%
2019-12-31$56.26M-6.52%
2019-09-30$60.19M0.29%
2019-06-30$60.01M23.86%
2019-03-31$48.45M5.75%
2018-12-31$45.81M-0.97%
2018-06-30$46.26M25.97%
2018-03-31$36.72M6.52%
2017-12-31$34.48M-

Karat Packaging generated $112.77M in revenue during Q3 2024, up 0.15% compared to the previous quarter, and up 103.71% compared to the same period a year ago.

Karat Packaging Revenue Breakdown

Karat Packaging Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Retail$26.41M$31.19M$28.05M
Distributors$228.32M$242.28M$199.90M
Logistics Services$4.38M$6.15M-
National Distribution$89.66M$95.79M$86.02M
Online$61.27M$53.70M$50.27M

Karat Packaging's latest annual revenue breakdown by segment (product or service), as of Dec 23: Distributors (55.68%), National Distribution (21.87%), Online (14.94%), Retail (6.44%), and Logistics Services (1.07%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
National Distribution$23.31M$21.47M$21.84M$23.96M$25.08M$24.91M$22.52M$22.89M$22.31M
Retail$7.44M$6.44M$7.00M$8.44M$7.91M$7.83M$6.72M$7.86M$7.55M
Online$18.95M$14.88M$10.61M$14.04M$15.49M$13.55M$10.48M$14.64M$13.70M
Distributors$63.07M$52.83M$53.21M$63.55M$66.40M$59.12M$51.61M$57.32M$50.97M

Karat Packaging's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Distributors (55.93%), National Distribution (20.67%), Online (16.80%), and Retail (6.60%).

Karat Packaging Revenue Breakdown by Country

Quarterly Revenue by Country

CountryDec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Distributors$53.21M$63.55M$66.40M$59.12M$51.61M$57.32M$50.97M
Retail$7.00M$8.44M$7.91M$7.83M$6.72M$7.86M$7.55M
Online$10.61M$14.04M$15.49M$13.55M$10.48M$14.64M$13.70M
National Distribution$21.84M$23.96M$25.08M$24.91M$22.52M$22.89M$22.31M

Karat Packaging's latest quarterly revenue breakdown by geography, as of Dec 22: Distributors (57.42%), National Distribution (23.57%), Online (11.45%), and Retail (7.56%).

Karat Packaging Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BALLBall$14.03B$3.08B
GPKGraphic Packaging Company$9.43B$2.26B
OIO-I Glass$7.11B$1.68B
SONSonoco Products Company$6.78B$1.68B
SLGNSilgan$5.99B$1.75B
SEESealed Air$5.49B$1.35B
GEFGreif$5.22B$1.45B
REYNReynolds Consumer Products$3.67B$910.00M
MYEMyers Industries$813.07M$205.07M
KRTKarat Packaging$405.65M$112.77M

KRT Revenue FAQ

What is Karat Packaging’s yearly revenue?

Karat Packaging's yearly revenue for 2023 was $405.65M, representing a decrease of -4.09% compared to 2022. The company's yearly revenue for 2022 was $422.96M, representing an increase of 16.12% compared to 2021. KRT's yearly revenue for 2021 was $364.24M, representing an increase of 23.26% compared to 2020.

What is Karat Packaging’s quarterly revenue?

Karat Packaging's quarterly revenue for Q3 2024 was $112.77M, a 0.15% increase from the previous quarter (Q2 2024), and a 6.86% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $112.6M, a 17.77% increase from the previous quarter (Q1 2024), and a 3.55% increase year-over-year (Q2 2023). KRT's quarterly revenue for Q1 2024 was $95.61M, a 0.03% increase from the previous quarter (Q4 2023), and a -0.20% decrease year-over-year (Q1 2023).

What is Karat Packaging’s revenue growth rate?

Karat Packaging's revenue growth rate for the last 3 years (2021-2023) was 11.37%, and for the last 5 years (2019-2023) was 80.36%.

What are Karat Packaging’s revenue streams?

Karat Packaging's revenue streams in c 23 are Retail, Distributors, Logistics Services, National Distribution, and Online. Retail generated $26.42M in revenue, accounting 6.44% of the company's total revenue, down -15.31% year-over-year. Distributors generated $228.32M in revenue, accounting 55.68% of the company's total revenue, down -5.77% year-over-year. Logistics Services generated $4.38M in revenue, accounting 1.07% of the company's total revenue, down -28.75% year-over-year. National Distribution generated $89.66M in revenue, accounting 21.87% of the company's total revenue, down -6.40% year-over-year. Online generated $61.26M in revenue, accounting 14.94% of the company's total revenue, up 14.09% year-over-year.

What is Karat Packaging’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Karat Packaging was Distributors. This segment made a revenue of $228.32M, representing 55.68% of the company's total revenue.