What is Karman Holdings Inc.'s market cap?

Karman Holdings Inc. (KRMN) has a market capitalization of $6.6B and trades on NYSE.

What is Karman Holdings Inc.'s revenue and profitability?

Karman Holdings Inc. generated $522.6M in trailing twelve-month revenue with net income of $30.0M, representing a net margin of 5.7%. Gross margin stands at 41.0%, with free cash flow of -$35.0M. These figures are based on the Q1 2026 filing.

Who are Karman Holdings Inc.'s competitors?

Karman Holdings Inc.'s key competitors include Northrop Grumman Corporation, Lockheed Martin Corporation, Crane Company, and others. These companies compete in similar markets and product categories.

What subsidiaries does Karman Holdings Inc. have?

Karman Holdings Inc.'s subsidiaries include Aerospace Engineering, LLC, AMRO Fabricating Corporation, American Automated Engineering, Inc., and others.

Where is Karman Holdings Inc. headquartered?

Karman Holdings Inc. is headquartered in United States of America. It has been publicly traded since 2025.

Karman Holdings Inc.

KRMN

Karman Holdings Inc. is a vertically integrated provider of mission-critical systems and subcomponents for the defense and space sectors.

Market cap

$6.63B+5.8%

Revenue$522.6M+44.2%

Net income$30.0M+418%

Free cash flow-$35.0M-303%

EPS (diluted)$0.23+667%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 12, 2026

Revenue$151.2MBeat by $420.1K EPS$0.11Beat by $0.03

Read the full report

Next report

Aug 6, 2026 (In 3 weeks)

Revenue estimate$180.1M

EPS estimate$0.13

Financials

Q1 2026

Income statement

See full

Revenue$151.2M+51.0%

Gross profit$63.9M+61.9%

Operating income$21.5M+115%

Net income$7.8M+262%

EPS (diluted)$0.06+250%

Balance sheet

See full

Cash & equivalents$73.8M-35.1%

Total debt$861.4M+109%

Total equity$405.7M+16.3%

Total assets$1.4B+62.0%

Cash flow

See full

Operating cash flow$209.0K+102%

CapEx$7.4M+46.3%

Free cash flow-$7.2M+61.5%

Valuation & ratios

Valuation

See full

Market cap$6.63B+5.8%

Enterprise value$7.42B+15.9%

P/E221.4×-528×

P/S12.7×-2.5×

Profitability

See full

Gross margin41%+1.7pp

Operating margin16.2%-0.4pp

Net margin5.7%+4.1pp

FCF margin-6.7%-15.1pp

Returns & leverage

See full

Return on equity7.9%+5.8pp

Debt / equity2.1×+0.9×

Current ratio3.5×+0.2×

Segments

By segment

See full

Tactical Missile And Integrated Defense Systems$45.3M+25.0%

Space And Launch$43.9M+29.5%

Hypersonic And Strategic Missile Defense$35.7M+18.7%

Maritime Defense Systems$26.4M—

Competitors

By market cap

Parker-Hannifin$119.68B+32.6%

Lockheed Martin$119.49B+8.7%

Northrop Grumman$75.6B+3.4%

Woodward$24.0B+59.4%

Crane Co.$12.5B+14.0%

Karman Holdings Inc.$6.6B+10.9%

GHM

Graham Corporation$1.3B+120%

Innovative Solutions & Support$330.7M+35.5%

By revenue growth

Karman Holdings Inc.+44.2%

Innovative Solutions & Support+39.2%

Woodward+19.0%

GHM

Graham Corporation+16.9%

Crane Co.+12.2%

Parker-Hannifin+6.0%

Northrop Grumman+5.0%

Lockheed Martin+4.6%

By net margin

Innovative Solutions & Support18.82%+2.2pp

Parker-Hannifin16.58%-0.6pp

Crane Co.13.36%-2.1pp

Woodward12.85%+1.5pp

Northrop Grumman10.8%+1.6pp

Lockheed Martin6.38%-1.3pp

Karman Holdings Inc.5.73%+4.1pp

GHM

Graham Corporation5.1%-0.7pp

Profile

Karman Holdings Inc. is a vertically integrated provider of mission-critical systems and subcomponents for the defense and space sectors. The company specializes in the concept-to-production design, testing, and manufacturing of highly engineered solutions for hypersonic missiles, strategic defense, and space launch programs. Their value proposition centers on reducing supply chain complexity for prime contractors through multidisciplinary engineering and proprietary material science.

Competitive position

Karman maintains a strong competitive position through significant sole and single-source contract positions and deep vertical integration. Their 'concept-to-production' model creates high switching costs for customers due to lengthy and costly re-qualification processes.

GeographiesUnited States

Customer segmentsDefense Prime Contractors, Government Agencies, Commercial Space Companies

Business modelDesign-to-manufacture, Government contracting, Sole-source supplier

SuppliersRaw material suppliers (metals and chemicals), Specialized component manufacturers, Testing equipment providers

CustomersLockheed Martin, Northrop Grumman, Boeing, Raytheon Technologies, Department of War, Commercial Space Launch Operators

CountryUnited States of America

Listed2025

CEOJonathan Rambeau

SectorIndustrials

IndustryAerospace & Defense

Websitekarman-sd.com

FilingsSEC EDGAR

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Questions, answered.

What is Karman Holdings Inc.'s market cap?: Karman Holdings Inc. (KRMN) has a market capitalization of $6.6B and trades on NYSE.
What is Karman Holdings Inc.'s revenue and profitability?: Karman Holdings Inc. generated $522.6M in trailing twelve-month revenue with net income of $30.0M, representing a net margin of 5.7%. Gross margin stands at 41.0%, with free cash flow of -$35.0M. These figures are based on the Q1 2026 filing.
Who are Karman Holdings Inc.'s competitors?: Karman Holdings Inc.'s key competitors include Northrop Grumman Corporation, Lockheed Martin Corporation, Crane Company, and others. These companies compete in similar markets and product categories.
What subsidiaries does Karman Holdings Inc. have?: Karman Holdings Inc.'s subsidiaries include Aerospace Engineering, LLC, AMRO Fabricating Corporation, American Automated Engineering, Inc., and others.
Where is Karman Holdings Inc. headquartered?: Karman Holdings Inc. is headquartered in United States of America. It has been publicly traded since 2025.