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% quarter-over-quarter from 34.03% in Q4 2025.
Karat Packaging (KRT) Gross Margin (2020 - 2026) Analysis & Trends
Karat Packaging's Gross Margin history runs 7 years deep, the most recent figure standing at 35.51% for 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 for Q1 2026 stood at 35.51%, up from 34.03% in the prior quarter.
- The five-year high for Gross Margin was 529.41% in Q4 2023, with the low at 29.56% in Q2 2022.
- The 5-year median for Gross Margin is 38.5% (2023), against an average of 65.2%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 49740 bps in 2023, then plunged 49023 bps in 2024.
- Karat Packaging's Gross Margin stood at 32.01% in 2022, then surged by 1554 bps to 529.41% in 2023, then sank by 93 bps to 39.18% in 2024, then retreated by 13 bps to 34.03% in 2025, then rose by 4 bps to 35.51% in 2026.
- Business Quant data shows KRT's Gross Margin at 35.51% in Q1 2026, 34.03% in Q4 2025, and 34.47% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 25.90 Bn | 25.22 Bn | 1.40 Bn | 17.42% |
| 2 | Amcor | 22.53 Bn | 21.41 Bn | 1.34 Bn | 20.90% |
| 3 | Packaging Corp Of America | 22.42 Bn | 21.83 Bn | 512.50 Mn | 20.58% |
| 4 | International Paper | 22.01 Bn | 21.29 Bn | 1.66 Bn | 27.65% |
| 5 | Ball | 16.88 Bn | 16.20 Bn | 697.00 Mn | 17.44% |
| 6 | Avery Dennison | 14.03 Bn | 13.80 Bn | 729.40 Mn | 29.62% |
| 7 | Crown Holdings | 13.03 Bn | 12.38 Bn | 748.00 Mn | 20.39% |
| 8 | Sonoco Products | 5.91 Bn | 5.74 Bn | 392.38 Mn | 20.81% |
| 9 | Reynolds Consumer Products | 5.36 Bn | 5.29 Bn | 245.00 Mn | 25.95% |
| 10 | Karat Packaging | 953.96 Mn | 899.82 Mn | 77.16 Mn | 56.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.61% |
| 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 | 529.41% |
| 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% |