Karman Holdings Inc.
KRMN NYSE· Aircraft Parts & Auxiliary Equipment, Nec
Last close · Oct 26, 2026
$36.97
KIRA · Stoqly’s AI analyst, in plain words
- Karman Holdings Inc. had $472M of revenue in fiscal 2025, up 36.6% on the year before.
- Its operating margin was 15.5%, down 2.9 pts: of every 100 in sales, about 15 is left after running the business.
- Karman Holdings Inc. made $17.4M of net profit in fiscal 2025.
- Free cash flow was −$42.5M in fiscal 2025, −9.0% of revenue.
- Karman Holdings Inc. owes $51.3M more than it holds in cash, about 0.4 years of operating profit.
Market cap
$4.9B
P/E
127.5x
Revenue
$472M
Net income
$17.4M
Free cash flow
−$42.5M
Operating margin
15.5%
Karman Holdings Inc. in 30 seconds · fiscal 2025
Are sales growing?
+36.6%
Yes. Sales grew 36.6% last year.
Does it make a profit?
3.7%
A little. It keeps 3.7% of every sale as profit.
Does profit turn into cash?
−9.0%
No. It spent more cash than it brought in.
Is debt under control?
0.4x
Yes. It could repay its debt with 0.4 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
127.5x
One share costs 127.5 times its yearly profit per share.
What Karman Holdings Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Apr 3, 2026
- Legal name
- Karman Holdings Inc.
- CIK
- 0002040127
Karman Holdings Inc. · KRMN
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $226M | $281M | $345M | $472M |
| Revenue growth | — | 24.0% | 23.0% | 36.6% |
| Gross margin | 35.8% | 37.6% | 38.3% | 40.3% |
| Operating margin | 9.0% | 17.3% | 18.4% | 15.5% |
| Net income | −$14.1M | $4.4M | $12.7M | $17.4M |
| Net margin | −6.2% | 1.6% | 3.7% | 3.7% |
| Diluted EPS | −$0.09 | $0.03 | $0.08 | $0.13 |
| Cash | ||||
| Cash from operations | −$5.9M | $20.3M | $26.6M | −$22.1M |
| Capital expenditure | $21.3M | $16.8M | $15.3M | $20.3M |
| Free cash flow | −$27.2M | $3.6M | $11.4M | −$42.5M |
| FCF margin | −12.0% | 1.3% | 3.3% | −9.0% |
| Share count change | — | 4.8% | −0.0% | −20.6% |
| Debt and strength | ||||
| Cash and short-term investments | — | $5.5M | $11.5M | $34.0M |
| Debt incl. finance leases | — | $6.3M | $89.1M | $85.2M |
| Shareholders' equity | $178M | $182M | $196M | $383M |
| Net debt / EBITDA | — | 0.0x | 0.8x | 0.4x |
| Current ratio | — | 1.8x | 1.8x | 3.3x |
| Interest coverage | 0.5x | 1.0x | 1.3x | 1.6x |
| Returns and quality | ||||
| Return on capital | — | 26.5% | 29.4% | 13.4% |
| Return on equity | −7.9% | 2.4% | 6.7% | 6.0% |
| Piotroski F-score | — | — | 7 | 5 |
| Altman Z'' | — | — | 1.6 | 2.2 |
Insiders bought, 12 months
$1.0M
3 insiders
Insiders sold, 12 months
$41.2M
5 insiders
Of sales under plans
100%
$41.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Karman Holdings Inc. · KRMN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $36.97 a share, the company is worth $4.9B: 127.5 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0002040127). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.