Aptargroup vs Karat Packaging
Aptargroup is the larger business, with $3.78bn of revenue in fiscal 2025 against $468m for Karat Packaging (8.1 times as much). Karat Packaging grew faster (10.7% against 5.4%). Aptargroup kept more of each dollar of sales as profit: a net margin of 10.4% against 6.7%. Karat Packaging carries less debt relative to equity (24.0% against 55.6%).
| Latest fiscal year | AptargroupATR, 2025 | Karat PackagingKRT, 2025 |
|---|---|---|
| Revenue | $3.78bn | $468m |
| Revenue growth | 5.4% | 10.7% |
| Net income | $393m | $31.5m |
| Operating margin | 13.3% | 8.9% |
| Net margin | 10.4% | 6.7% |
| Return on equity | 15.3% | 20.6% |
| Free cash flow | $300m | $33.1m |
| Cash | $402m | $37.9m |
| Total debt | $1.48bn | $35.9m |
| Debt to equity | 55.6% | 24.0% |
| Dividend per share | $1.83 | $1.80 |
| Dividend yield | 1.3% | 3.4% |
| Share buybacks | $365m | $3.0m |
| Employees | 14,000 | 696 |
| Market value | $9.23bn | $1.06bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 64 (Moderate) | 60 (Moderate) |
| Insider trades, 12 months | 0 buys, 18 sales | 1 buys, 4 sales |