Karat Packaging (KRT) Tax Rate (2020 - 2026)
Karat Packaging (KRT) recorded quarterly Tax Rate of 23.89% in Q1 2026, down 6.66% quarter-over-quarter from 25.59% in Q4 2025, and up 15.0% on a YoY basis from 20.77% in Q1 2025.
Karat Packaging (KRT) Tax Rate (2020 - 2026) Analysis & Trends
Karat Packaging's Tax Rate history runs 7 years deep, the most recent figure standing at 23.89% for Q1 2026.
- In Q1 2026, Tax Rate rose 15.0% year-over-year to 23.89%; the TTM figure through Mar 2026 stood at 24.11% (down 22.0% YoY), while the FY2025 annual figure was 24.08%, down 18.0% from the prior year.
- Tax Rate was 23.89% for Q1 2026 at Karat Packaging, down from 25.59% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 29.55% in Q4 2024 to a low of 7.21% in Q4 2022.
- Historically, Tax Rate has averaged 22.41% across 5 years, with a median of 23.59% in 2022.
- The sharpest annual moves came in 2022 and 2024: Tax Rate plunged 818 bps in 2022, then jumped 1418 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 7.21% in 2022, then soared by 113 bps to 15.38% in 2023, then jumped by 92 bps to 29.55% in 2024, then declined by 13 bps to 25.59% in 2025, then retreated by 7 bps to 23.89% in 2026.
- The last three Tax Rate figures came in at 23.89% (Q1 2026), 25.59% (Q4 2025), and 23.26% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 21.64 Bn | 20.99 Bn | 1.27 Bn | 25.00% |
| 2 | Packaging Corp Of America | 20.07 Bn | 19.53 Bn | 452.90 Mn | 22.25% |
| 3 | International Paper | 18.03 Bn | 16.73 Bn | 1.73 Bn | 18.28% |
| 4 | Amcor | 17.99 Bn | 16.41 Bn | 1.19 Bn | 10.32% |
| 5 | Ball | 14.38 Bn | 13.50 Bn | 646.00 Mn | 24.03% |
| 6 | Avery Dennison | 12.23 Bn | 11.97 Bn | 664.80 Mn | 30.07% |
| 7 | Crown Holdings | 10.71 Bn | 10.62 Bn | 644.00 Mn | 25.45% |
| 8 | Sonoco Products | 4.95 Bn | 4.75 Bn | 345.63 Mn | 12.44% |
| 9 | Reynolds Consumer Products | 4.85 Bn | 4.78 Bn | 207.00 Mn | 23.38% |
| 10 | Karat Packaging | 589.11 Mn | 562.42 Mn | 41.53 Mn | 23.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.89% |
| Mar 31, 2026 | 23.89% |
| Dec 31, 2025 | 25.59% |
| Dec 31, 2025 | 25.59% |
| Sep 30, 2025 | 23.26% |
| Sep 30, 2025 | 23.26% |
| Jun 30, 2025 | 23.84% |
| Jun 30, 2025 | 23.84% |
| Mar 31, 2025 | 23.74% |
| Mar 31, 2025 | 23.74% |
| Dec 31, 2024 | 29.55% |
| Dec 31, 2024 | 29.55% |
| Sep 30, 2024 | 21.90% |
| Sep 30, 2024 | 21.90% |
| Jun 30, 2024 | 23.54% |
| Jun 30, 2024 | 23.54% |
| Mar 31, 2024 | 23.37% |
| Mar 31, 2024 | 23.37% |
| Dec 31, 2023 | 15.38% |
| Dec 31, 2023 | 15.38% |