Karman Holdings Inc. (KRMN)

NYSE: KRMN · Real-Time Price · USD

47.44

-2.28 (-4.59%)

At close: Jul 24, 2026, 4:00 PM EDT

48.00

+0.56 (1.18%)

After-hours: Jul 24, 2026, 7:59 PM EDT

Karman Holdings Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	522.59	471.5	345.25	280.71	226.31
Revenue Growth	44.21%	36.57%	22.99%	24.04%	-
Gross Profit	214.44	190.03	132.11	105.55	80.95
Operating Income	84.43	72.94	63.56	48.49	20.43
Net Income	29.96	17.37	12.7	4.36	-14.1
Earnings Per Share	0.23	0.13	0.08	0.03	-0.09
EPS Growth	666.67%	62.50%	166.67%	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Hypersonics & Strategic Missile Defense	155.62	149.99	114.59	100.09	72.3
Space & Launch	159.81	149.83	115.04	94.64	79.66
Tactical Missiles & Integrated Defense Systems	180.75	171.69	115.62	85.97	74.35
Revenue (Total)	522.59	471.5	345.25	280.71	226.31

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Investments	73.8	33.96	11.53	5.45	6.63
Total Debt	866.99	587.31	447.87	409.33	403.58
Net Cash (Debt)	-793.19	-553.35	-436.34	-403.88	-396.95
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-5.99	-4.18	-2.62	-2.42	-2.49

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Cash Flow	-8.33	-22.12	26.65	20.33	-5.89
Capital Expenditures	-22.67	-20.34	-15.25	-16.78	-21.27
Free Cash Flow	-31	-42.46	11.39	3.55	-27.16
Free Cash Flow Growth	-	-	220.75%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Gross Margin	41.03%	40.30%	38.27%	37.60%	35.77%
Operating Margin	16.16%	15.47%	18.41%	17.28%	9.03%
Pretax Margin	8.16%	6.90%	4.15%	0.42%	-7.63%
Profit Margin	5.73%	3.68%	3.68%	1.55%	-6.23%
FCF Margin	-5.93%	-9.00%	3.30%	1.27%	-12.00%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
PE Ratio	210.83	562.85	-	-	-
Forward PE	73.14	144.01	-	-	-
PS Ratio	12.03	20.53	-	-	-