Karat Packaging (KRT) Gross Margin (2020 - 2026)

Karat Packaging (KRT) posted quarterly Gross Margin of 35.51% for Q1 2026, down 383.0% year-over-year from 12.55% in Q1 2025, and up 4.33% on a QoQ basis from 34.03% in Q4 2025.

Karat Packaging (KRT) Gross Margin (2020 - 2026) Analysis & Trends

Karat Packaging (KRT) has reported Gross Margin for 7 consecutive years, with 35.51% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Gross Margin fell 383.0% year-over-year to 35.51%; the TTM figure through Mar 2026 stood at 35.94% (down 295.0% YoY), while the FY2025 annual figure was 36.8%, down 208.0% from the prior year.
  • Gross Margin came in at 35.51% for Q1 2026 at Karat Packaging, up from 34.03% in the prior quarter.
  • The five-year high for Gross Margin was 715.66% in Q4 2023, with the low at 29.56% in Q2 2022.
  • Average Gross Margin over 5 years is 76.15%, with a median of 38.5% recorded in 2023.
  • Across the five-year window, Gross Margin soared 68365 bps in 2023 and slumped 67648 bps in 2024, its largest moves.
  • Year by year, Gross Margin stood at 32.01% in 2022, then surged by 2136 bps to 715.66% in 2023, then sank by 95 bps to 39.18% in 2024, then declined by 13 bps to 34.03% in 2025, then grew by 4 bps to 35.51% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 35.51%, 34.03%, and 34.47% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Ball 88.75 Bn 87.87 Bn 646.00 Mn 17.93%
2 International Paper 24.05 Bn 22.75 Bn 1.73 Bn 28.92%
3 Avery Dennison 12.53 Bn 12.27 Bn 664.80 Mn 28.92%
4 Crown Holdings 12.47 Bn 12.38 Bn 644.00 Mn 19.76%
5 Reynolds Consumer Products 5.71 Bn 5.64 Bn 207.00 Mn 23.60%
6 Sonoco Products 5.57 Bn 5.37 Bn 345.63 Mn 20.62%
7 Silgan Holdings 4.87 Bn 4.43 Bn 265.78 Mn 17.02%
8 Graphic Packaging Holding 3.15 Bn 2.96 Bn 306.00 Mn 14.19%
9 Ardagh Metal Packaging 2.81 Bn 2.81 Bn 179.00 11.90%
10 Karat Packaging 675.36 Mn 648.66 Mn 41.53 Mn 35.51%

Historic Data

Download Data
DateValue
Mar 31, 2026 35.51%
Dec 31, 2025 34.03%
Sep 30, 2025 34.47%
Jun 30, 2025 39.61%
Mar 31, 2025 39.34%
Dec 31, 2024 39.18%
Sep 30, 2024 38.57%
Jun 30, 2024 38.55%
Mar 31, 2024 39.33%
Dec 31, 2023 715.66%
Sep 30, 2023 36.90%
Jun 30, 2023 38.50%
Mar 31, 2023 39.82%
Dec 31, 2022 32.01%
Sep 30, 2022 31.06%
Jun 30, 2022 29.56%
Mar 31, 2022 32.53%
Dec 31, 2021 31.00%
Sep 30, 2021 29.01%
Jun 30, 2021 29.73%