Aerospace & Defense
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KRMN vs RKLB
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
KRMN vs RKLB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $8.36B | $48.74B |
| Revenue (TTM) | $428M | $602M |
| Net Income (TTM) | $11M | $-198M |
| Gross Margin | 40.0% | 34.4% |
| Operating Margin | 15.5% | -38.0% |
| Forward P/E | 96.0x | — |
| Total Debt | $448M | $254M |
| Cash & Equiv. | $12M | $829M |
KRMN vs RKLB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 25 | May 26 | Return |
|---|---|---|---|
| Karman Holdings Inc. (KRMN) | 100 | 200.3 | +100.3% |
| Rocket Lab USA, Inc. (RKLB) | 100 | 413.1 | +313.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KRMN vs RKLB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
KRMN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 2.00, yield 0.0%
- Lower volatility, beta 2.00, current ratio 1.76x
- Beta 2.00, yield 0.0%, current ratio 1.76x
RKLB is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 38.0%, EPS growth 2.6%, 3Y rev CAGR 41.8%
- 7.7% 10Y total return vs KRMN's 110.3%
- 38.0% revenue growth vs KRMN's 23.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 38.0% revenue growth vs KRMN's 23.0% | |
| Quality / Margins | 2.6% margin vs RKLB's -32.9% | |
| Stability / Safety | Beta 2.00 vs RKLB's 2.91 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +278.4% vs KRMN's +64.8% | |
| Efficiency (ROA) | 1.2% ROA vs RKLB's -10.8%, ROIC 7.8% vs -19.9% |
KRMN vs RKLB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
KRMN vs RKLB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
KRMN leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RKLB and KRMN operate at a comparable scale, with $602M and $428M in trailing revenue. KRMN is the more profitable business, keeping 2.6% of every revenue dollar as net income compared to RKLB's -32.9%. On growth, KRMN holds the edge at +41.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $428M | $602M |
| EBITDAEarnings before interest/tax | $105M | -$185M |
| Net IncomeAfter-tax profit | $11M | -$198M |
| Free Cash FlowCash after capex | -$43M | -$322M |
| Gross MarginGross profit ÷ Revenue | +40.0% | +34.4% |
| Operating MarginEBIT ÷ Revenue | +15.5% | -38.0% |
| Net MarginNet income ÷ Revenue | +2.6% | -32.9% |
| FCF MarginFCF ÷ Revenue | -10.0% | -53.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +41.7% | +35.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +77.8% | +7.6% |
Valuation Metrics
RKLB leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $8.4B | $48.7B |
| Enterprise ValueMkt cap + debt − cash | $8.8B | $48.2B |
| Trailing P/EPrice ÷ TTM EPS | 657.54x | -228.78x |
| Forward P/EPrice ÷ next-FY EPS est. | 96.05x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 91.31x | — |
| Price / SalesMarket cap ÷ Revenue | 24.22x | 80.99x |
| Price / BookPrice ÷ Book value/share | 42.61x | 26.09x |
| Price / FCFMarket cap ÷ FCF | 733.86x | — |
Profitability & Efficiency
KRMN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
KRMN delivers a 3.1% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-19 for RKLB. RKLB carries lower financial leverage with a 0.15x debt-to-equity ratio, signaling a more conservative balance sheet compared to KRMN's 2.29x. On the Piotroski fundamental quality scale (0–9), KRMN scores 7/9 vs RKLB's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.1% | -19.2% |
| ROA (TTM)Return on assets | +1.2% | -10.8% |
| ROICReturn on invested capital | +7.8% | -19.9% |
| ROCEReturn on capital employed | +9.9% | -16.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 2.29x | 0.15x |
| Net DebtTotal debt minus cash | $436M | -$575M |
| Cash & Equiv.Liquid assets | $12M | $829M |
| Total DebtShort + long-term debt | $448M | $254M |
| Interest CoverageEBIT ÷ Interest expense | 1.45x | -20.38x |
Total Returns (Dividends Reinvested)
RKLB leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RKLB five years ago would be worth $83,481 today (with dividends reinvested), compared to $21,028 for KRMN. Over the past 12 months, RKLB leads with a +278.4% total return vs KRMN's +64.8%. The 3-year compound annual growth rate (CAGR) favors RKLB at 180.1% vs KRMN's 28.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -17.8% | +11.4% |
| 1-Year ReturnPast 12 months | +64.8% | +278.4% |
| 3-Year ReturnCumulative with dividends | +110.3% | +2098.7% |
| 5-Year ReturnCumulative with dividends | +110.3% | +734.8% |
| 10-Year ReturnCumulative with dividends | +110.3% | +768.7% |
| CAGR (3Y)Annualised 3-year return | +28.1% | +180.1% |
Risk & Volatility
Evenly matched — KRMN and RKLB each lead in 1 of 2 comparable metrics.
Risk & Volatility
KRMN is the less volatile stock with a 2.00 beta — it tends to amplify market swings less than RKLB's 2.91 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RKLB currently trades 85.0% from its 52-week high vs KRMN's 53.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.00x | 2.91x |
| 52-Week HighHighest price in past year | $118.38 | $99.58 |
| 52-Week LowLowest price in past year | $36.11 | $20.23 |
| % of 52W HighCurrent price vs 52-week peak | +53.4% | +85.0% |
| RSI (14)Momentum oscillator 0–100 | 30.2 | 51.8 |
| Avg Volume (50D)Average daily shares traded | 1.9M | 21.7M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates KRMN as "Buy" and RKLB as "Buy". Consensus price targets imply 89.4% upside for KRMN (target: $120) vs 9.1% for RKLB (target: $92).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $119.67 | $92.33 |
| # AnalystsCovering analysts | 8 | 18 |
| Dividend YieldAnnual dividend ÷ price | +0.0% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $0.00 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
KRMN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). RKLB leads in 2 (Valuation Metrics, Total Returns). 1 tied.
KRMN vs RKLB: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is KRMN or RKLB a better buy right now?
For growth investors, Rocket Lab USA, Inc.
(RKLB) is the stronger pick with 38. 0% revenue growth year-over-year, versus 23. 0% for Karman Holdings Inc. (KRMN). Karman Holdings Inc. (KRMN) offers the better valuation at 657. 5x trailing P/E (96. 0x forward), making it the more compelling value choice. Analysts rate Karman Holdings Inc. (KRMN) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — KRMN or RKLB?
Over the past 5 years, Rocket Lab USA, Inc.
(RKLB) delivered a total return of +734. 8%, compared to +110. 3% for Karman Holdings Inc. (KRMN). Over 10 years, the gap is even starker: RKLB returned +768. 7% versus KRMN's +110. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — KRMN or RKLB?
By beta (market sensitivity over 5 years), Karman Holdings Inc.
(KRMN) is the lower-risk stock at 2. 00β versus Rocket Lab USA, Inc. 's 2. 91β — meaning RKLB is approximately 45% more volatile than KRMN relative to the S&P 500. On balance sheet safety, Rocket Lab USA, Inc. (RKLB) carries a lower debt/equity ratio of 15% versus 2% for Karman Holdings Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — KRMN or RKLB?
By revenue growth (latest reported year), Rocket Lab USA, Inc.
(RKLB) is pulling ahead at 38. 0% versus 23. 0% for Karman Holdings Inc. (KRMN). On earnings-per-share growth, the picture is similar: Karman Holdings Inc. grew EPS 191. 2% year-over-year, compared to 2. 6% for Rocket Lab USA, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — KRMN or RKLB?
Karman Holdings Inc.
(KRMN) is the more profitable company, earning 3. 7% net margin versus -32. 9% for Rocket Lab USA, Inc. — meaning it keeps 3. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KRMN leads at 18. 4% versus -38. 0% for RKLB. At the gross margin level — before operating expenses — KRMN leads at 38. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is KRMN or RKLB more undervalued right now?
Analyst consensus price targets imply the most upside for KRMN: 89.
4% to $119. 67.
07Which pays a better dividend — KRMN or RKLB?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is KRMN or RKLB better for a retirement portfolio?
For long-horizon retirement investors, Rocket Lab USA, Inc.
(RKLB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+768. 7% 10Y return). Karman Holdings Inc. (KRMN) carries a higher beta of 2. 00 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RKLB: +768. 7%, KRMN: +110. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between KRMN and RKLB?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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