Karman Holdings Inc. (KRMN)

NYSE: KRMN · Real-Time Price · USD

39.69

-0.29 (-0.73%)

At close: Sep 8, 2026, 4:00 PM EDT

39.65

-0.33 (-0.83%)

Pre-market: Sep 9, 2026, 7:00 AM 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	589.55	471.5	345.25	280.71	226.31
Revenue Growth	50.23%	36.57%	22.99%	24.04%	-
Gross Profit	245.65	190.03	132.11	105.55	80.95
Operating Income	98.56	72.94	63.56	48.49	20.43
Net Income	37.18	17.37	12.7	4.36	-14.1
Earnings Per Share	0.27	0.13	0.08	0.03	-0.09
EPS Growth	405.74%	70.66%	191.45%	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 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	164.08	149.99	114.59	100.09	72.3
Space & Launch	162.28	149.83	115.04	94.64	79.66
Tactical Missiles & Integrated Defense Systems	203.22	171.69	115.62	85.97	74.35
Revenue (Total)	589.55	471.5	345.25	280.71	226.31

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Investments	51.74	33.96	11.53	5.45	7.19
Total Debt	875.27	587.31	447.87	409.33	403.58
Net Cash (Debt)	-823.52	-553.35	-436.34	-403.88	-396.39
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-6.22	-4.18	-2.62	-2.42	-2.49

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Cash Flow	5.86	-22.12	26.65	20.33	-5.89
Capital Expenditures	-33.53	-20.34	-15.25	-16.78	-21.27
Free Cash Flow	-27.67	-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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Gross Margin	41.67%	40.30%	38.27%	37.60%	35.77%
Operating Margin	16.72%	15.47%	18.41%	17.28%	9.03%
Pretax Margin	9.04%	6.90%	4.15%	0.42%	-7.63%
Profit Margin	6.31%	3.68%	3.68%	1.55%	-6.23%
FCF Margin	-4.69%	-9.00%	3.30%	1.26%	-12.00%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
PE Ratio	146.98	557.53	-	-	-
Forward PE	53.03	144.01	-	-	-
PS Ratio	8.92	20.54	-	-	-