Karman Holdings Inc./$KRMN
1D1W1MYTD1Y5YMAX
Capital at risk
About Karman Holdings Inc.
Karman Holdings Inc specializes in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Its integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (DoD) and space sector initiatives. Its engineered solutions are organized into three key families: Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems. The company's solutions are deployed across three growing, core end markets: Hypersonics & Strategic Missile Defense, Missile & Integrated Defense Systems, and Space & Launch.
- Ticker
- $KRMN
- Sector
- Industrials
- Primary listing
- NYSE
- Employees
- 1,400
- Headquarters
- Huntington Beach, United States
- Website
- karman-sd.com
KRMN Metrics
BasicAdvanced
$4.7B
130.65
$0.27
-
-
Price and volume
Market cap
$4.7B
52-week high
$118.38
52-week low
$33.99
Average daily volume
2.8M
Financial strength
Current ratio
3.555
Quick ratio
3.269
Long term debt to equity
204.747
Total debt to equity
207.854
Interest coverage (TTM)
2.00%
Profitability
EBITDA (TTM)
155.983
Gross margin (TTM)
41.67%
Net profit margin (TTM)
6.31%
Operating margin (TTM)
16.82%
Effective tax rate (TTM)
30.26%
Revenue per employee (TTM)
$420,000
Management effectiveness
Return on assets (TTM)
5.17%
Return on equity (TTM)
9.50%
Valuation
Price to earnings (TTM)
130.649
Price to revenue (TTM)
7.924
Price to book
11.1
Price to tangible book (TTM)
-11.58
Price to free cash flow (TTM)
-168.823
Free cash flow yield (TTM)
-0.59%
Free cash flow per share (TTM)
-0.209
Growth
Revenue change (TTM)
50.23%
Earnings per share change (TTM)
405.74%
Bulls say / Bears say
Record Q2 FY2026 revenue of $182.1 million, up 58.2% year-over-year and driven by 24.4% organic growth, highlights robust demand across all end markets (SEC)
Backlog reached a record $1.3 billion, up 65% from the end of fiscal 2025, providing exceptional visibility into the company’s mid- to long-term revenue pipeline (SEC)
Management raised full-year FY2026 guidance to $730–$745 million in revenue and $215–$222.5 million in adjusted EBITDA, reflecting confidence in sustained growth momentum (SEC)
Net debt stood at $752 million at the end of Q2, representing approximately 3.7x pro forma leverage on adjusted EBITDA and leaving Karman exposed to significant interest rate and refinancing risks despite recent repricing (MarketScreener)
Over 95% of revenue is generated from U.S. Department of Defense and allied contracts, making the company highly sensitive to fluctuations in government defense budget appropriations and political uncertainties (SEC)
The company’s own forward-looking risk disclosures warn that failure to effectively integrate acquisitions could materially adversely affect operations, underscoring integration and execution risks associated with its aggressive M&A strategy (SEC)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2026.
Upcoming events
No upcoming events
KRMN News
AllArticlesVideos
Funds containing KRMN
AllEURGBPUSD
Fund name | Fund size | $KRMN weighting |
|---|---|---|
VanEck Defense€DFEN | €2.8B | 1.17% |
Vaneck Defense£DFNG | £2.4B | 1.17% |
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.25% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.25% |
iShares Global Aerospace & Defence€DFND | €1.6B | 0.21% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.