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| Date | Value |
|---|---|
| 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% |