Karat Packaging (KRT) Revenue & Revenue Breakdown
Karat Packaging Revenue Highlights
Latest Revenue (Y)
$405.65M
Latest Revenue (Q)
$112.60M
Main Segment (Y)
Distributors
Karat Packaging Revenue by Period
Karat Packaging Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $405.65M | -4.09% |
| 2022-12-31 | $422.96M | 16.12% |
| 2021-12-31 | $364.24M | 23.26% |
| 2020-12-31 | $295.52M | 31.39% |
| 2019-12-31 | $224.91M | 28.20% |
| 2018-12-31 | $175.43M | 25.26% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $112.60M | 17.77% |
| 2024-03-31 | $95.61M | 0.03% |
| 2023-12-31 | $95.58M | -9.42% |
| 2023-09-30 | $105.53M | -2.95% |
| 2023-06-30 | $108.74M | 13.51% |
| 2023-03-31 | $95.80M | 3.38% |
| 2022-12-31 | $92.67M | -15.75% |
| 2022-09-30 | $110.00M | -4.25% |
| 2022-06-30 | $114.88M | 8.98% |
| 2022-03-31 | $105.41M | 15.41% |
| 2021-12-31 | $91.33M | -11.08% |
| 2021-09-30 | $102.71M | 8.66% |
| 2021-06-30 | $94.53M | 24.91% |
| 2021-03-31 | $75.67M | 7.52% |
| 2020-12-31 | $70.38M | -7.78% |
| 2020-09-30 | $76.32M | -9.94% |
| 2020-06-30 | $84.74M | 32.23% |
| 2020-03-31 | $64.08M | 13.90% |
| 2019-12-31 | $56.26M | -6.52% |
| 2019-09-30 | $60.19M | 0.29% |
| 2019-06-30 | $60.01M | 23.86% |
| 2019-03-31 | $48.45M | 5.75% |
| 2018-12-31 | $45.81M | -0.97% |
| 2018-06-30 | $46.26M | 25.97% |
| 2018-03-31 | $36.72M | 6.52% |
| 2017-12-31 | $34.48M | - |
Karat Packaging generated $112.60M in revenue during Q2 2024, up 17.77% compared to the previous quarter, and up 117.54% compared to the same period a year ago.
Karat Packaging Revenue Breakdown
Karat Packaging Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Distributors | $228.32M | $242.28M | $199.90M |
| Logistics Services | $4.38M | $6.15M | - |
| National Distribution | $89.66M | $95.79M | $86.02M |
| Retail | $26.41M | $31.19M | $28.05M |
| 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/Service | Mar 24 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 |
|---|---|---|---|---|---|---|---|---|
| National Distribution | $21.47M | $21.84M | $23.96M | $25.08M | $24.91M | $22.52M | $22.89M | $22.31M |
| Online | $14.88M | $10.61M | $14.04M | $15.49M | $13.55M | $10.48M | $14.64M | $13.70M |
| Retail | $6.44M | $7.00M | $8.44M | $7.91M | $7.83M | $6.72M | $7.86M | $7.55M |
| Distributors | $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 Mar 24: Distributors (55.25%), National Distribution (22.46%), Online (15.56%), and Retail (6.73%).
Karat Packaging Revenue Breakdown by Country
Quarterly Revenue by Country
| Country | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 |
|---|---|---|---|---|---|---|---|
| National Distribution | $21.84M | $23.96M | $25.08M | $24.91M | $22.52M | $22.89M | $22.31M |
| 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 |
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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BALL | Ball | $14.03B | $3.08B |
| GPK | Graphic Packaging Company | $9.43B | $2.26B |
| OI | O-I Glass | $7.11B | $1.68B |
| SON | Sonoco Products Company | $6.78B | $1.68B |
| SLGN | Silgan | $5.99B | $1.38B |
| SEE | Sealed Air | $5.49B | $1.33B |
| GEF | Greif | $5.22B | $1.45B |
| REYN | Reynolds Consumer Products | $3.67B | $910.00M |
| MYE | Myers Industries | $813.07M | $220.24M |
| KRT | Karat Packaging | $405.65M | $112.60M |
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 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). The company'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). KRT's quarterly revenue for Q4 2023 was $95.58M, a -9.42% decrease from the previous quarter (Q3 2023), and a 3.15% increase year-over-year (Q4 2022).
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 Distributors, Logistics Services, National Distribution, Retail, and Online. 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. Retail generated $26.42M in revenue, accounting 6.44% of the company's total revenue, down -15.31% 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.