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Aptargroup vs Karat Packaging: revenue, profit, margins and growth compared

Aptargroup brought in $3.8B of revenue in fiscal 2025, Karat Packaging $467.7M in fiscal 2025. Revenue changed by +5.4% at Aptargroup and +10.7% at Karat Packaging on the year before, so Karat Packaging grew faster. Aptargroup kept 10.4% of its revenue as net profit, Karat Packaging 6.7%. Free cash flow was $299.6M at Aptargroup and $33.1M at Karat Packaging.

Side by side, latest fiscal year

ATRKRT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.8B$467.7M
Revenue growth+5.4%+10.7%
Net income$392.8M$31.5M
Net margin10.4%6.7%
Free cash flow$299.6M$33.1M
Free cash flow margin7.9%7.1%
Earnings per share (diluted)$5.89$1.56
Cash$402.4M$37.9M
Debt$1.3B$12.9M
Price to earnings21.034.0
Market value$7.9B$1.1B
Dividend yield1.48%3.39%
Rank by revenue in sector#149 of 451 · Industrials#328 of 451 · Industrials

Over the years

Revenue
ATR FY2018: $2.8BATR FY2019: $2.9BATR FY2020: $2.9BATR FY2021: $3.2BATR FY2022: $3.3BATR FY2023: $3.5BATR FY2024: $3.6BATR FY2025: $3.8BKRT FY2021: $295.5MKRT FY2021: $364.2MKRT FY2022: $423MKRT FY2023: $405.7MKRT FY2024: $422.6MKRT FY2025: $467.7MFY18FY19FY20FY21FY22FY23FY24FY25
ATR $3.8BKRT $467.7M
Net income
ATR FY2018: $194.7MATR FY2019: $242.2MATR FY2020: $214MATR FY2021: $244.1MATR FY2022: $239.3MATR FY2023: $284.5MATR FY2024: $374.5MATR FY2025: $392.8MKRT FY2021: $17.5MKRT FY2021: $20.8MKRT FY2022: $23.6MKRT FY2023: $32.5MKRT FY2024: $30MKRT FY2025: $31.5MFY18FY19FY20FY21FY22FY23FY24FY25
ATR $392.8MKRT $31.5M
Net margin
ATR FY2018: 7.0%ATR FY2019: 8.5%ATR FY2020: 7.3%ATR FY2021: 7.6%ATR FY2022: 7.2%ATR FY2023: 8.2%ATR FY2024: 10.5%ATR FY2025: 10.4%KRT FY2021: 5.9%KRT FY2021: 5.7%KRT FY2022: 5.6%KRT FY2023: 8.0%KRT FY2024: 7.1%KRT FY2025: 6.7%FY18FY19FY20FY21FY22FY23FY24FY25
ATR 10.4%KRT 6.7%
Revenue growth
ATR FY2019: +3.4%ATR FY2020: +2.4%ATR FY2021: +10.2%ATR FY2022: +2.9%ATR FY2023: +5.0%ATR FY2024: +2.7%ATR FY2025: +5.4%KRT FY2021: +23.3%KRT FY2022: +16.1%KRT FY2023: -4.1%KRT FY2024: +4.2%KRT FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25
ATR +5.4%KRT +10.7%
Free cash flow
ATR FY2018: $102.4MATR FY2019: $272.2MATR FY2020: $324.2MATR FY2021: $55.5MATR FY2022: $168.2MATR FY2023: $262.9MATR FY2024: $366.9MATR FY2025: $299.6MKRT FY2021: -$15MKRT FY2021: $4.5MKRT FY2022: $26.8MKRT FY2023: $50.5MKRT FY2024: $47MKRT FY2025: $33.1MFY18FY19FY20FY21FY22FY23FY24FY25
ATR $299.6MKRT $33.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Aptargroup and Karat Packaging

Which is bigger by revenue, Aptargroup or Karat Packaging?

Aptargroup is bigger by revenue: $3.8B in fiscal 2025, against $467.7M for Karat Packaging in fiscal 2025.

Which keeps more of its revenue as profit, Aptargroup or Karat Packaging?

Aptargroup had a net margin of 10.4% in fiscal 2025; Karat Packaging had 6.7% in fiscal 2025.

Which grew revenue faster, Aptargroup or Karat Packaging?

In their latest fiscal years revenue changed by +5.4% at Aptargroup and +10.7% at Karat Packaging.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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