Karman Holdings Inc.(KRMN)Earnings, Financials & Key Ratios

KRMN•NYSE

387.5× P/E·Price updated Jun 19, 2026

SectorIndustrials IndustryAerospace & Defense Sub-IndustrySpace Systems and Launch

AboutKarman Holdings Inc., through its subsidiary, Karman Space and Defense, engages in designing, testing, manufacturing, and sale of mission-critical systems for missile and defense, space programs, hypersonic, and launch vehicle markets. It also supplies metallic and composite flight hardware and sub-assemblies. In addition, the company provides solutions for payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. The company was incorporated in 2020 and is based in Huntington Beach, California. Karman Holdings Inc. is a subsidiary of TCFIII Spaceco SPV LP.Show more

Revenue$472M+36.6%
EBITDA$116M+20.1%
Net Income$17M+36.7%
EPS (Diluted)0.13+35.3%
Gross Margin40.3%+5.3%
EBITDA Margin24.53%-12.1%
Operating Margin15.47%-16.0%
Net Margin3.68%+0.1%
ROE6%-10.6%

KRMN Key Insights

Karman Holdings Inc. (KRMN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 11 (bottom 11%)
✗Thin 5Y average net margin of 0.7%
✗Trading more than 30% below 52-week high
✗Expensive at 17.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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KRMN Price & Volume

Karman Holdings Inc. (KRMN) stock price & volume — 10-year historical chart

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KRMN Growth Metrics

Karman Holdings Inc. (KRMN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years27.72%

TTM45.03%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM808.1%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM770.38%

Return on Capital

10 Years7.37%

5 Years7.37%

3 Years8.73%

Last Year8.51%

KRMN Recent Earnings

Karman Holdings Inc. (KRMN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 1/6 qtrs (20%)●Beat Revenue 5/6 qtrs (83%)

Q2 2026Latest

May 12, 2026

Metric

Actual

Est

EPS

$0.11-9.4%

$0.12

Rev

$151M+0.3%

$151M

Q2 2026

Mar 25, 2026

Metric

Actual

Est

EPS

$0.11+0.0%

$0.11

Rev

$134M+1.4%

$133M

Q4 2025

Nov 6, 2025

Metric

Actual

Est

EPS

$0.10-10.5%

$0.11

Rev

$122M+3.1%

$118M

Q3 2025

Aug 7, 2025

Metric

Actual

Est

EPS

$0.10-9.1%

$0.11

Rev

$115M+9.4%

$105M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 12, 2026	$0.11vs $0.12-9.4%	$151Mvs $151M+0.3%
Q2 2026	Mar 25, 2026	$0.11vs $0.11+0.0%	$134Mvs $133M+1.4%
Q4 2025	Nov 6, 2025	$0.10vs $0.11-10.5%	$122Mvs $118M+3.1%
Q3 2025	Aug 7, 2025	$0.10vs $0.11-9.1%	$115Mvs $105M+9.4%

Based on last 6 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
RKLBRocket Lab USA, Inc.Direct Competitor	62.07B	107.24	-289.84	37.96%	-26.87%	-12.26%	0.15
MNTSMomentus Inc.Direct Competitor	45.54M	10.35	-0.21	-47.49%	-8.44%	-401.62%	0.66
ATROAstronics CorporationDirect Competitor	2.89B	80.56	99.46	8.39%	5.12%	26.6%	2.70
KTOSKratos Defense & Security Solutions, Inc.Direct Competitor	10.17B	54.21	417	18.52%	2.08%	1.26%	0.09
TDGTransDigm Group IncorporatedProduct Competitor	75.01B	1328.31	41.41	11.22%	21.59%
DCODucommun IncorporatedProduct Competitor	2.48B	164.12	-65.65	4.87%	-3.88%	-4.86%	0.52
LMTLockheed Martin CorporationSupply Chain	117.75B	510.95	23.78	5.65%	6.38%	74.53%	3.23
NOCNorthrop Grumman CorporationSupply Chain	74.07B	521.50	17.93	2.24%	10.8%	28.05%	1.18

Compare KRMN vs Peers

Karman Holdings Inc. (KRMN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RKLB

Most directly comparable listed peer for KRMN.

Scale Benchmark

vs RTX

Larger-name benchmark to compare KRMN against a more recognizable public peer.

Peer Set

Compare Top 5

vs RKLB, MNTS, ATRO, KTOS

KRMN Income Statement

Karman Holdings Inc. (KRMN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	226.31M	280.7M	345.25M	471.5M	522.59M
Revenue Growth %	-	24.04%	22.99%	36.57%	45.03%
Cost of Goods Sold	145.36M	175.16M	213.14M	281.47M	308.15M
COGS % of Revenue	64.23%	62.4%	61.73%	59.7%	-
Gross Profit	80.95M▲ 0%	105.55M▲ 30.4%	132.11M▲ 25.2%	190.03M▲ 43.8%	214.44M▲ 0%
Gross Margin %	35.77%	37.6%	38.27%	40.3%	41.03%
Gross Profit Growth %	-	30.39%	25.17%	43.84%	-
Operating Expenses	60.51M	57.05M	68.55M	117.08M	130.01M
OpEx % of Revenue	26.74%	20.33%	19.86%	24.83%	-
Selling, General & Admin	30.04M	36.62M	44.42M	85.66M	91M
SG&A % of Revenue	13.27%	13.05%	12.87%	18.17%	-
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	30.48M	20.43M	24.13M	31.43M	4M
Operating Income	20.43M▲ 0%	48.49M▲ 137.3%	63.56M▲ 31.1%	72.94M▲ 14.8%	84.43M▲ 0%
Operating Margin %	9.03%	17.28%	18.41%	15.47%	16.16%
Operating Income Growth %	-	137.31%	31.07%	14.76%	-
EBITDA	55.42M	75.67M	96.36M	115.68M	134.35M
EBITDA Margin %	24.49%	26.96%	27.91%	24.53%	25.71%
EBITDA Growth %	-	36.55%	27.33%	20.05%	50.64%
D&A (Non-Cash Add-back)	34.98M	27.18M	32.8M	42.74M	49.91M
EBIT	20.23M	49.06M	65.06M	77.09M	88.48M
Net Interest Income	-37.5M	-47.87M	-50.73M	-44.57M	-45.84M
Interest Income	0	0	0	0	0
Interest Expense	37.5M	47.87M	50.73M	44.57M	45.84M
Other Income/Expense	-37.71M	-47.3M	-49.23M	-40.42M	-41.79M
Pretax Income	-17.27M▲ 0%	1.19M▲ 106.9%	14.33M▲ 1104.1%	32.52M▲ 127.0%	42.64M▲ 0%
Pretax Margin %	-7.63%	0.42%	4.15%	6.9%	8.16%
Income Tax	-3.17M	-3.17M	1.63M	15.16M	12.69M
Effective Tax Rate %	18.37%	-266.3%	11.36%	46.6%	29.75%
Net Income	-14.1M▲ 0%	4.36M▲ 130.9%	12.7M▲ 191.4%	17.37M▲ 36.7%	29.96M▲ 0%
Net Margin %	-6.23%	1.55%	3.68%	3.68%	5.73%
Net Income Growth %	-	130.92%	191.37%	36.73%	808.1%
Net Income (Continuing)	-14.1M	4.36M	12.7M	17.37M	29.96M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)	-0.11▲ 0%	0.03▲ 130.0%	0.10▲ 191.2%	0.13▲ 35.3%	0.23▲ 0%
EPS Growth %	-	130%	191.21%	35.28%	770.38%
EPS (Basic)	-0.11	0.03	0.10	0.13	-
Diluted Shares Outstanding	132.17M	132.17M	132.17M	132.32M	132.53M
Basic Shares Outstanding	132.17M	132.17M	132.17M	132.32M	132.53M
Dividend Payout Ratio	-	18.09%	1.23%	-	-

KRMN Balance Sheet

Karman Holdings Inc. (KRMN) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	119.73M	157.69M	201.71M	291.4M	370.29M
Cash & Short-Term Investments	6.63M	5.45M	11.53M	33.96M	73.8M
Cash Only	6.63M	5.45M	11.53M	33.96M	73.8M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	108.91M	139.78M	162.44M	235.01M	267.98M
Days Sales Outstanding	175.66	181.76	171.73	181.93	159.19
Inventory	2.27M	9.84M	9.88M	10.66M	16.14M
Days Inventory Outstanding	5.7	20.5	16.93	13.83	16.86
Other Current Assets	0	0	12.2M	11.77M	12.37M
Total Non-Current Assets	562.86M	553.14M	572.25M	851.26M	1.05B
Property, Plant & Equipment	55.53M	58.19M	136.96M	207.01M	199.75M
Fixed Asset Turnover	4.08x	4.82x	2.52x	2.28x	2.93x
Goodwill	217.27M	217.27M	225.15M	352.51M	439.21M
Intangible Assets	221.96M	207.56M	208.95M	285.89M	400.46M
Long-Term Investments	563.46K	0	0	0	0
Other Non-Current Assets	67.53M	70.12M	1.19M	5.85M	8.03M
Total Assets	682.59M▲ 0%	710.83M▲ 4.1%	773.96M▲ 8.9%	1.14B▲ 47.6%	1.42B▲ 0%
Asset Turnover	0.33x	0.39x	0.45x	0.41x	0.47x
Asset Growth %	-	4.14%	8.88%	47.64%	138.93%
Total Current Liabilities	58.3M	87.07M	114.61M	88.67M	104.8M
Accounts Payable	12.92M	21.04M	28.3M	31.63M	38.42M
Days Payables Outstanding	32.44	43.85	48.46	41.02	38.73
Short-Term Debt	6.26M	6.26M	7.14M	3.84M	12.42M
Deferred Revenue (Current)	16.07M	36.07M	29.87M	22.81M	64.44M
Other Current Liabilities	8.87M	0	12.49M	5.09M	10.2M
Current Ratio	2.05x	1.81x	1.76x	3.29x	3.53x
Quick Ratio	2.01x	1.70x	1.67x	3.17x	3.38x
Cash Conversion Cycle	148.91	158.41	140.2	154.74	137.31
Total Non-Current Liabilities	446.69M	441.3M	463.36M	671.31M	907.25M
Long-Term Debt	320.24M	318.02M	351.92M	495.31M	752.18M
Capital Lease Obligations	71.09M	81.4M	83.3M	81.94M	345.41M
Deferred Tax Liabilities	47.59M	36.88M	25.37M	86.4M	187.3M
Other Non-Current Liabilities	7.78M	5M	2.77M	7.65M	6.93M
Total Liabilities	505M	528.37M	577.96M	759.98M	1.01B
Total Debt	403.58M	409.33M	447.87M	587.31M	866.99M
Net Debt	396.95M	403.88M	436.34M	553.35M	793.19M
Debt / Equity	2.27x	2.24x	2.29x	1.53x	2.14x
Debt / EBITDA	7.28x	5.41x	4.65x	5.08x	6.45x
Net Debt / EBITDA	7.16x	5.34x	4.53x	4.78x	5.90x
Interest Coverage	0.54x	1.02x	1.28x	1.73x	1.93x
Total Equity	177.6M▲ 0%	182.46M▲ 2.7%	196M▲ 7.4%	382.69M▲ 95.3%	405.69M▲ 0%
Equity Growth %	-	2.74%	7.42%	95.25%	111.53%
Book Value per Share	1.34	1.38	1.48	2.89	3.06
Total Shareholders' Equity	177.6M	182.46M	196M	382.69M	405.69M
Common Stock	202.92M	203.42M	204.26M	132K	133K
Retained Earnings	-25.4M	-21.04M	-8.34M	9.03M	16.82M
Treasury Stock	0	0	0	0	0
Accumulated OCI	75.89K	76.32K	75.08K	75K	75K
Minority Interest	0	0	0	0	0

KRMN Cash Flow Statement

Karman Holdings Inc. (KRMN) cash flow — operating, investing & free cash flow history

Metric	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	-5.89M	20.33M	26.65M	-22.12M	-8.33M
Operating CF Margin %	-2.6%	7.24%	7.72%	-4.69%	-
Operating CF Growth %	-	444.94%	31.09%	-183.01%	18.03%
Net Income	-14.1M	4.36M	12.7M	17.37M	29.96M
Depreciation & Amortization	34.98M	27.18M	32.8M	42.74M	49.91M
Stock-Based Compensation	1.6M	1.29M	993.14K	1.41M	0
Deferred Taxes	-9.81M	-10.71M	-11.51M	10.52M	9.44M
Other Non-Cash Items	2.77M	2.77M	1.62M	-863K	-3.36M
Working Capital Changes	-21.35M	-4.57M	-9.96M	-93.28M	-94.28M
Change in Receivables	-34.83M	-30.87M	-20.35M	-67.43M	-76.16M
Change in Inventory	2.17M	7.57M	-43.81K	2.86M	-927K
Change in Payables	0	0	31.78M	-16.88M	1.07M
Cash from Investing	-21.26M	-16.21M	-46.24M	-238.27M	-444.75M
Capital Expenditures	-21.27M	-16.78M	-15.25M	-20.34M	-22.67M
CapEx % of Revenue	9.4%	5.98%	4.42%	4.31%	4.34%
Acquisitions	0	0	-31.29M	-211.94M	-422.08M
Investments	-	-	-	-	-
Other Investing	0	0	306.04K	0	-6M
Cash from Financing	16.73M	-5.29M	25.67M	282.82M	413.2M
Debt Issued (Net)	-14.93M	1.75M	27.58M	126.51M	285.66M
Equity Issued (Net)	31.66M	-788.59K	-155.91K	154.84M	1.03M
Dividends Paid	-109.35K	-788.59K	-155.91K	0	0
Share Repurchases	-109.35K	-788.59K	-155.91K	0	0
Other Financing	109.35K	-5.46M	-1.61M	1.48M	126.51M
Net Change in Cash	-10.42M▲ 0%	-1.17M▲ 88.8%	6.08M▲ 618.7%	22.43M▲ 269.2%	-39.88M▲ 0%
Free Cash Flow	-27.16M▲ 0%	3.55M▲ 113.1%	11.39M▲ 220.8%	-42.45M▼ 472.6%	-31M▲ 0%
FCF Margin %	-12%	1.27%	3.3%	-9%	-5.93%
FCF Growth %	-	113.07%	220.84%	-472.62%	-268.8%
FCF per Share	-0.21	0.03	0.09	-0.32	-0.23
FCF Conversion (FCF/Net Income)	0.42x	4.66x	2.10x	-1.27x	-1.03x
Interest Paid	35.62M	45.9M	47.87M	0	33.78M
Taxes Paid	4.94M	3.1M	0	0	13.26M

KRMN Key Ratios

Karman Holdings Inc. (KRMN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2023	2024	2025	TTM
Return on Equity (ROE)	2.42%	6.71%	6%	7.89%
Return on Invested Capital (ROIC)	6.27%	7.82%	6.98%	6.69%
Gross Margin	37.6%	38.27%	40.3%	41.03%
Net Margin	1.55%	3.68%	3.68%	5.73%
Debt / Equity	2.24x	2.29x	1.53x	2.14x
Interest Coverage	1.02x	1.28x	1.73x	1.93x
FCF Conversion	4.66x	2.10x	-1.27x	-1.03x
Revenue Growth	24.04%	22.99%	36.57%	45.03%

KRMN SEC Filings & Documents

Karman Holdings Inc. (KRMN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 12, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

Mar 25, 2026·SEC

10-K Annual Reports

FY 2026

Apr 3, 2026·SEC

FY 2025

Apr 10, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 14, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

KRMN Frequently Asked Questions

Karman Holdings Inc. (KRMN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Karman Holdings Inc. (KRMN) reported $522.6M in revenue for fiscal year 2025. This represents a 131% increase from $226.3M in 2022.

Karman Holdings Inc. (KRMN) grew revenue by 36.6% over the past year. This is strong growth.

Yes, Karman Holdings Inc. (KRMN) is profitable, generating $30.0M in net income for fiscal year 2025 (3.7% net margin).

Dividend & Returns

Karman Holdings Inc. (KRMN) has a return on equity (ROE) of 6.0%. This is below average, suggesting room for improvement.

Karman Holdings Inc. (KRMN) had negative free cash flow of $31.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in KRMN back in 2022?

Total return calculator · dividends reinvested · 4+ years of data

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Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 12, 2026

$0.11vs $0.12-9.4%

$151Mvs $151M+0.3%

Q2 2026

Mar 25, 2026

$0.11vs $0.11+0.0%

$134Mvs $133M+1.4%

Q4 2025

Nov 6, 2025

$0.10vs $0.11-10.5%

$122Mvs $118M+3.1%

Q3 2025

Aug 7, 2025

$0.10vs $0.11-9.1%

$115Mvs $105M+9.4%

Metric

Dec'22

Dec'23

Dec'24

Dec'25

TTM

Sales/Revenue

226.31M

280.7M

345.25M

471.5M

522.59M

Revenue Growth %

24.04%

22.99%

36.57%

45.03%

Cost of Goods Sold

145.36M

175.16M

213.14M

281.47M

308.15M

COGS % of Revenue

64.23%

62.4%

61.73%

59.7%

Gross Profit

80.95M▲ 0%

105.55M▲ 30.4%

132.11M▲ 25.2%

190.03M▲ 43.8%

214.44M▲ 0%

Gross Margin %

35.77%

37.6%

38.27%

40.3%

41.03%

Gross Profit Growth %

30.39%

25.17%

43.84%

Operating Expenses

60.51M

57.05M

68.55M

117.08M

130.01M

OpEx % of Revenue

26.74%

20.33%

19.86%

24.83%

Selling, General & Admin

30.04M

36.62M

44.42M

85.66M

91M

SG&A % of Revenue

13.27%

13.05%

12.87%

18.17%

Research & Development

R&D % of Revenue

Other Operating Expenses

30.48M

20.43M

24.13M

31.43M

Operating Income

20.43M▲ 0%

48.49M▲ 137.3%

63.56M▲ 31.1%

72.94M▲ 14.8%

84.43M▲ 0%

Operating Margin %

9.03%

17.28%

18.41%

15.47%

16.16%

Operating Income Growth %

137.31%

31.07%

14.76%

EBITDA

55.42M

75.67M

96.36M

115.68M

134.35M

EBITDA Margin %

24.49%

26.96%

27.91%

24.53%

25.71%

EBITDA Growth %

36.55%

27.33%

20.05%

50.64%

D&A (Non-Cash Add-back)

34.98M

27.18M

32.8M

42.74M

49.91M

EBIT

20.23M

49.06M

65.06M

77.09M

88.48M

Net Interest Income

-37.5M

-47.87M

-50.73M

-44.57M

-45.84M

Interest Income

Interest Expense

37.5M

47.87M

50.73M

44.57M

45.84M

Other Income/Expense

-37.71M

-47.3M

-49.23M

-40.42M

-41.79M

Pretax Income

-17.27M▲ 0%

1.19M▲ 106.9%

14.33M▲ 1104.1%

32.52M▲ 127.0%

42.64M▲ 0%

Pretax Margin %

-7.63%

0.42%

4.15%

6.9%

8.16%

Income Tax

-3.17M

1.63M

15.16M

12.69M

Effective Tax Rate %

18.37%

-266.3%

11.36%

46.6%

29.75%

Net Income

-14.1M▲ 0%

4.36M▲ 130.9%

12.7M▲ 191.4%

17.37M▲ 36.7%

29.96M▲ 0%

Net Margin %

-6.23%

1.55%

3.68%

5.73%

Net Income Growth %

130.92%

191.37%

36.73%

808.1%

Net Income (Continuing)

-14.1M

4.36M

12.7M

17.37M

29.96M

Discontinued Operations

Minority Interest

EPS (Diluted)

-0.11▲ 0%

0.03▲ 130.0%

0.10▲ 191.2%

0.13▲ 35.3%

0.23▲ 0%

EPS Growth %

130%

191.21%

35.28%

770.38%

EPS (Basic)

-0.11

0.03

0.10

0.13

Diluted Shares Outstanding

132.17M

132.32M

132.53M

Basic Shares Outstanding

132.17M

132.32M

132.53M

Dividend Payout Ratio

18.09%

1.23%

Metric

Dec'22

Dec'23

Dec'24

Dec'25

TTM

Total Current Assets

119.73M

157.69M

201.71M

291.4M

370.29M

Cash & Short-Term Investments

6.63M

5.45M

11.53M

33.96M

73.8M

Cash Only

6.63M

5.45M

11.53M

33.96M

73.8M

Short-Term Investments

Accounts Receivable

108.91M

139.78M

162.44M

235.01M

267.98M

Days Sales Outstanding

175.66

181.76

171.73

181.93

159.19

Inventory

2.27M

9.84M

9.88M

10.66M

16.14M

Days Inventory Outstanding

5.7

20.5

16.93

13.83

16.86

Other Current Assets

12.2M

11.77M

12.37M

Total Non-Current Assets

562.86M

553.14M

572.25M

851.26M

1.05B

Property, Plant & Equipment

55.53M

58.19M

136.96M

207.01M

199.75M

Fixed Asset Turnover

4.08x

4.82x

2.52x

2.28x

2.93x

Goodwill

217.27M

225.15M

352.51M

439.21M

Intangible Assets

221.96M

207.56M

208.95M

285.89M

400.46M

Long-Term Investments

563.46K

Other Non-Current Assets

67.53M

70.12M

1.19M

5.85M

8.03M

Total Assets

682.59M▲ 0%

710.83M▲ 4.1%

773.96M▲ 8.9%

1.14B▲ 47.6%

1.42B▲ 0%

Asset Turnover

0.33x

0.39x

0.45x

0.41x

0.47x

Asset Growth %

4.14%

8.88%

47.64%

138.93%

Total Current Liabilities

58.3M

87.07M

114.61M

88.67M

104.8M

Accounts Payable

12.92M

21.04M

28.3M

31.63M

38.42M

Days Payables Outstanding

32.44

43.85

48.46

41.02

38.73

Short-Term Debt

6.26M

7.14M

3.84M

12.42M

Deferred Revenue (Current)

16.07M

36.07M

29.87M

22.81M

64.44M

Other Current Liabilities

8.87M

12.49M

5.09M

10.2M

Current Ratio

2.05x

1.81x

1.76x

3.29x

3.53x

Quick Ratio

2.01x

1.70x

1.67x

3.17x

3.38x

Cash Conversion Cycle

148.91

158.41

140.2

154.74

137.31

Total Non-Current Liabilities

446.69M

441.3M

463.36M

671.31M

907.25M

Long-Term Debt

320.24M

318.02M

351.92M

495.31M

752.18M

Capital Lease Obligations

71.09M

81.4M

83.3M

81.94M

345.41M

Deferred Tax Liabilities

47.59M

36.88M

25.37M

86.4M

187.3M

Other Non-Current Liabilities

7.78M

2.77M

7.65M

6.93M

Total Liabilities

505M

528.37M

577.96M

759.98M

1.01B

Total Debt

403.58M

409.33M

447.87M

587.31M

866.99M

Net Debt

396.95M

403.88M

436.34M

553.35M

793.19M

Debt / Equity

2.27x

2.24x

2.29x

1.53x

2.14x

Debt / EBITDA

7.28x

5.41x

4.65x

5.08x

6.45x

Net Debt / EBITDA

7.16x

5.34x

4.53x

4.78x

5.90x

Interest Coverage

0.54x

1.02x

1.28x

1.73x

1.93x

Total Equity

177.6M▲ 0%

182.46M▲ 2.7%

196M▲ 7.4%

382.69M▲ 95.3%

405.69M▲ 0%

Equity Growth %

2.74%

7.42%

95.25%

111.53%

Book Value per Share

1.34

1.38

1.48

2.89

3.06

Total Shareholders' Equity

177.6M

182.46M

196M

382.69M

405.69M

Common Stock

202.92M

203.42M

204.26M

132K

133K

Retained Earnings

-25.4M

-21.04M

-8.34M

9.03M

16.82M

Treasury Stock

Accumulated OCI

75.89K

76.32K

75.08K

75K

Minority Interest

Metric

Dec'22

Dec'23

Dec'24

Dec'25

TTM

Cash from Operations

-5.89M

20.33M

26.65M

-22.12M

-8.33M

Operating CF Margin %

-2.6%

7.24%

7.72%

-4.69%

Operating CF Growth %

444.94%

31.09%

-183.01%

18.03%

Net Income

-14.1M

4.36M

12.7M

17.37M

29.96M

Depreciation & Amortization

34.98M

27.18M

32.8M

42.74M

49.91M

Stock-Based Compensation

1.6M

1.29M

993.14K

1.41M

Deferred Taxes

-9.81M

-10.71M

-11.51M

10.52M

9.44M

Other Non-Cash Items

2.77M

1.62M

-863K

-3.36M

Working Capital Changes

-21.35M

-4.57M

-9.96M

-93.28M

-94.28M

Change in Receivables

-34.83M

-30.87M

-20.35M

-67.43M

-76.16M

Change in Inventory

2.17M

7.57M

-43.81K

2.86M

-927K

Change in Payables

31.78M

-16.88M

1.07M

Cash from Investing

-21.26M

-16.21M

-46.24M

-238.27M

-444.75M

Capital Expenditures

-21.27M

-16.78M

-15.25M

-20.34M

-22.67M

CapEx % of Revenue

9.4%

5.98%

4.42%

4.31%

4.34%

Acquisitions

-31.29M

-211.94M

-422.08M

Investments

Other Investing

306.04K

-6M

Cash from Financing

16.73M

-5.29M

25.67M

282.82M

413.2M

Debt Issued (Net)

-14.93M

1.75M

27.58M

126.51M

285.66M

Equity Issued (Net)

31.66M

-788.59K

-155.91K

154.84M

1.03M

Dividends Paid

-109.35K

-788.59K

-155.91K

Share Repurchases

-109.35K

-788.59K

-155.91K

Other Financing

109.35K

-5.46M

-1.61M

1.48M

126.51M

Net Change in Cash

-10.42M▲ 0%

-1.17M▲ 88.8%

6.08M▲ 618.7%

22.43M▲ 269.2%

-39.88M▲ 0%

Free Cash Flow

-27.16M▲ 0%

3.55M▲ 113.1%

11.39M▲ 220.8%

-42.45M▼ 472.6%

-31M▲ 0%

FCF Margin %

-12%

1.27%

3.3%

-9%

-5.93%

FCF Growth %

113.07%

220.84%

-472.62%

-268.8%

FCF per Share

-0.21

0.03

0.09

-0.32

-0.23

FCF Conversion (FCF/Net Income)

0.42x

4.66x

2.10x

-1.27x

-1.03x

Interest Paid

35.62M

45.9M

47.87M

33.78M

Taxes Paid

4.94M

3.1M

13.26M

Metric

2023

2024

2025

TTM

Return on Equity (ROE)

2.42%

6.71%

7.89%

Return on Invested Capital (ROIC)

6.27%

7.82%

6.98%

6.69%

Gross Margin

37.6%

38.27%

40.3%

41.03%

Net Margin

1.55%

3.68%

5.73%

Debt / Equity

2.24x

2.29x

1.53x

2.14x

Interest Coverage

1.02x

1.28x

1.73x

1.93x

FCF Conversion

4.66x

2.10x

-1.27x

-1.03x

Revenue Growth

24.04%

22.99%

36.57%

45.03%

Karman Holdings Inc.(KRMN)Earnings, Financials & Key Ratios

KRMN Key Insights

✓Strengths

✗Weaknesses

KRMN Price & Volume

KRMN Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

KRMN Recent Earnings

KRMN Peer Comparison

Compare KRMN vs Peers

vs RKLB

vs RTX

Compare Top 5

KRMN Income Statement

KRMN Balance Sheet

KRMN Cash Flow Statement

KRMN Key Ratios

KRMN SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

KRMN Frequently Asked Questions

Karman Holdings Inc.(KRMN)Earnings, Financials & Key Ratios

KRMN Key Insights

✓Strengths

✗Weaknesses

KRMN Price & Volume

KRMN Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

KRMN Recent Earnings

KRMN Peer Comparison

Compare KRMN vs Peers

vs RKLB

vs RTX

Compare Top 5

KRMN Income Statement

KRMN Balance Sheet

KRMN Cash Flow Statement

KRMN Key Ratios

KRMN SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

KRMN Frequently Asked Questions