KRMN

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Karman Holdings Inc.

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Key Metrics

Previous Close: $58.20
52-Week Range: $43.68 – $118.38
Market Cap: $7.20B
P/E (TTM): 201.33
EPS (TTM): 0.27
Dividend Yield: —

Advanced Metrics

Price/Book: 17.11
PEG Ratio: —
Return on Equity: 9.50%
Return on Assets: 5.14%
Gross Margin: 41.67%
Operating Margin: 20.23%
Profit Margin: 6.31%
Current Ratio: 3.56
Debt/Equity: 2.08
Total Debt: $875.27M
Free Cash Flow: $-57.20M
Revenue Growth: 58.20%
Earnings Growth: 111.80%
Enterprise Value: $8.03B

KRMN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$226.31M	$280.70M	$345.25M	$471.50M
Cost of Revenue	$145.36M	$175.16M	$213.14M	$281.47M
Gross Profit	$80.95M	$105.55M	$132.11M	$190.03M
Selling, General & Admin	$30.04M	$36.62M	$44.42M	$85.66M
Operating Expenses	$60.51M	$57.05M	$68.55M	$117.08M
Operating Income	$20.43M	$48.49M	$63.56M	$72.94M
EBITDA	$55.21M	$76.24M	$97.86M	$119.83M
Pretax Income	-$17.27M	$1.19M	$14.33M	$32.52M
Income Tax	-$3.17M	-$3.17M	$1.63M	$15.16M
Net Income	-$14.10M	$4.36M	$12.70M	$17.37M
Diluted EPS	-0.11	0.04	0.10	0.13
Diluted Shares	123.91M	123.91M	132.17M	132.32M

KRMN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$6.63M	$5.45M	$11.53M	$33.96M
Receivables	$108.91M	$139.78M	$162.44M	$235.01M
Inventory	$2.27M	$9.84M	$9.88M	$10.66M
Current Assets	$119.73M	$157.69M	$201.71M	$291.40M
Total Assets	$682.59M	$710.83M	$773.96M	$1.10B
Current Liabilities	$58.30M	$87.07M	$114.61M	$88.67M
Long-Term Debt	$320.24M	$318.02M	$351.92M	$495.31M
Total Debt	$403.58M	$409.33M	$447.87M	$587.31M
Total Liabilities	$505.00M	$528.37M	$577.96M	$721.40M
Retained Earnings	-$25.40M	-$21.04M	-$8.34M	$9.03M
Shareholders' Equity	$0.00	$0.00	$196.00M	$382.69M
Working Capital	$61.43M	$70.62M	$87.10M	$202.74M
Net Debt	$319.88M	$318.83M	$347.53M	$465.19M

KRMN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$5.89M	$20.33M	$26.64M	-$22.12M
Capital Expenditure	-$21.27M	-$16.77M	-$15.25M	-$20.34M
Free Cash Flow	-$27.16M	$3.55M	$11.39M	-$42.45M
Depreciation & Amortisation	$34.98M	$27.18M	$32.80M	$42.74M
Stock-Based Compensation	$1.60M	$1.29M	$993.00K	$1.41M
Investing Cash Flow	-$21.26M	-$16.21M	-$46.24M	-$238.27M
Financing Cash Flow	$16.73M	-$5.29M	$25.67M	$282.82M
Dividends Paid	-$109.35K	-$789.00K	-$156.00K	—
Share Repurchases	-$109.35K	-$788.59K	-$155.91K	—
Net Change in Cash	-$10.42M	-$1.17M	$6.08M	$22.43M

KRMN Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$100.12M	$115.10M	$121.79M	$134.49M	$151.21M
Cost of Revenue	$60.67M	$68.08M	$71.85M	$80.88M	$87.34M
Gross Profit	$39.45M	$47.02M	$49.94M	$53.61M	$63.87M
Selling, General & Admin	$23.29M	$19.43M	$20.00M	$22.94M	$28.64M
Operating Expenses	$29.49M	$26.92M	$28.13M	$32.55M	$42.41M
Operating Income	$9.96M	$20.10M	$21.81M	$21.06M	$21.45M
EBITDA	$19.34M	$30.20M	$32.83M	$37.45M	$37.91M
Pretax Income	-$1.49M	$8.59M	$11.86M	$13.56M	$8.63M
Income Tax	$3.31M	$1.78M	$4.22M	$5.85M	$838.00K
Net Income	-$4.80M	$6.81M	$7.64M	$7.71M	$7.79M
Diluted EPS	-0.04	0.05	0.06	0.06	0.06
Diluted Shares	132.18M	132.32M	132.32M	132.32M	132.53M

KRMN Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$113.68M	$27.44M	$18.66M	$33.96M	$73.80M
Receivables	$169.92M	$191.49M	$217.16M	$235.01M	$267.98M
Inventory	$10.42M	$14.74M	$15.38M	$10.66M	$16.14M
Current Assets	$301.54M	$242.05M	$260.57M	$291.40M	$370.29M
Total Assets	$875.39M	$953.93M	$968.08M	$1.10B	$1.42B
Current Liabilities	$90.27M	$88.16M	$91.14M	$88.67M	$104.80M
Long-Term Debt	$325.42M	$395.85M	$395.14M	$495.31M	$752.18M
Total Debt	$419.67M	$485.78M	$483.69M	$587.31M	$866.99M
Total Liabilities	$526.48M	$592.45M	$598.96M	$721.40M	$1.01B
Retained Earnings	-$13.13M	-$6.33M	$1.32M	$9.03M	$16.82M
Shareholders' Equity	$348.92M	$361.48M	$369.12M	$382.69M	$405.69M
Working Capital	$211.28M	$153.89M	$169.43M	$202.74M	$265.50M
Net Debt	$218.88M	$371.23M	$379.30M	$465.19M	$683.99M

KRMN Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$13.58M	-$17.37M	$131.00K	$8.71M	$209.00K
Capital Expenditure	-$5.04M	-$3.63M	-$6.97M	-$4.70M	-$7.38M
Free Cash Flow	-$18.63M	-$21.00M	-$6.84M	$4.01M	-$7.17M
Depreciation & Amortisation	$9.46M	$9.72M	$10.97M	$12.59M	$16.63M
Stock-Based Compensation	$1.41M	$0.00	$0.00	$0.00	$0.00
Investing Cash Flow	-$11.04M	-$129.91M	-$6.97M	-$90.35M	-$217.53M
Financing Cash Flow	$126.78M	$61.04M	-$1.93M	$96.94M	$257.15M
Net Change in Cash	$102.15M	-$86.24M	-$8.77M	$15.29M	$39.84M

Market Snapshot

About

Karman Holdings is a financial holding company that operates through its subsidiaries in various business segments. The company focuses on strategic investments and operational management of businesses across different industries. Karman aims to create long-term value through active portfolio management and growth initiatives.