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Core Molding Technologies vs Karat Packaging: revenue, profit, margins and growth compared

Core Molding Technologies brought in $273.8M of revenue in fiscal 2025, Karat Packaging $467.7M in fiscal 2025. Revenue changed by -9.5% at Core Molding Technologies and +10.7% at Karat Packaging on the year before, so Karat Packaging grew faster. Core Molding Technologies kept 4.1% of its revenue as net profit, Karat Packaging 6.7%. Free cash flow was $1.9M at Core Molding Technologies and $33.1M at Karat Packaging.

Side by side, latest fiscal year

CMTKRT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$273.8M$467.7M
Revenue growth-9.5%+10.7%
Net income$11.2M$31.5M
Net margin4.1%6.7%
Free cash flow$1.9M$33.1M
Free cash flow margin0.7%7.1%
Earnings per share (diluted)$1.29$1.56
Cash$38.1M$37.9M
Debt$17.6M$12.9M
Price to earnings18.034.0
Market value$205.4M$1.1B
Dividend yieldn/a3.39%
Rank by revenue in sector#350 of 451 · Industrials#328 of 451 · Industrials

Over the years

Revenue
CMT FY2018: $269.5MCMT FY2019: $284.3MCMT FY2020: $222.4MCMT FY2021: $307.5MCMT FY2021: $377.4MCMT FY2023: $357.7MCMT FY2023: $302.4MCMT FY2025: $273.8MKRT FY2021: $295.5MKRT FY2021: $364.2MKRT FY2022: $423MKRT FY2023: $405.7MKRT FY2024: $422.6MKRT FY2025: $467.7MFY18FY19FY20FY21FY22FY23FY24FY25
CMT $273.8MKRT $467.7M
Net income
CMT FY2018: -$4.8MCMT FY2019: -$15.2MCMT FY2020: $8.2MCMT FY2021: $4.7MCMT FY2021: $12.2MCMT FY2023: $20.3MCMT FY2023: $13.3MCMT FY2025: $11.2MKRT FY2021: $17.5MKRT FY2021: $20.8MKRT FY2022: $23.6MKRT FY2023: $32.5MKRT FY2024: $30MKRT FY2025: $31.5MFY18FY19FY20FY21FY22FY23FY24FY25
CMT $11.2MKRT $31.5M
Net margin
CMT FY2018: -1.8%CMT FY2019: -5.4%CMT FY2020: 3.7%CMT FY2021: 1.5%CMT FY2021: 3.2%CMT FY2023: 5.7%CMT FY2023: 4.4%CMT FY2025: 4.1%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
CMT 4.1%KRT 6.7%
Revenue growth
CMT FY2019: +5.5%CMT FY2020: -21.8%CMT FY2021: +38.3%CMT FY2021: +22.7%CMT FY2023: -5.2%CMT FY2023: -15.5%CMT FY2025: -9.5%KRT FY2021: +23.3%KRT FY2022: +16.1%KRT FY2023: -4.1%KRT FY2024: +4.2%KRT FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25
CMT -9.5%KRT +10.7%
Free cash flow
CMT FY2018: -$12.3MCMT FY2019: $9.2MCMT FY2020: $24.5MCMT FY2021: $977KCMT FY2021: $2.4MCMT FY2023: $25.7MCMT FY2023: $23.6MCMT FY2025: $1.9MKRT FY2021: -$15MKRT FY2021: $4.5MKRT FY2022: $26.8MKRT FY2023: $50.5MKRT FY2024: $47MKRT FY2025: $33.1MFY18FY19FY20FY21FY22FY23FY24FY25
CMT $1.9MKRT $33.1M

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

Questions about Core Molding Technologies and Karat Packaging

Which is bigger by revenue, Core Molding Technologies or Karat Packaging?

Karat Packaging is bigger by revenue: $467.7M in fiscal 2025, against $273.8M for Core Molding Technologies in fiscal 2025.

Which keeps more of its revenue as profit, Core Molding Technologies or Karat Packaging?

Core Molding Technologies had a net margin of 4.1% in fiscal 2025; Karat Packaging had 6.7% in fiscal 2025.

Which grew revenue faster, Core Molding Technologies or Karat Packaging?

In their latest fiscal years revenue changed by -9.5% at Core Molding Technologies 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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