What is Karman Holdings Inc.'s market cap?

Karman Holdings Inc. (KRMN) has a market capitalization of $4.2B and trades on NYSE.

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

Karman Holdings Inc. generated $589.6M in trailing twelve-month revenue with net income of $37.2M, representing a net margin of 6.3%. Gross margin stands at 41.7%, with free cash flow of -$31.7M. The latest reported period is Q2 2026.

Who are Karman Holdings Inc.'s competitors?

Karman Holdings Inc.'s key competitors include Northrop Grumman Corporation, Lockheed Martin Corporation, Woodward, Inc., 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) Stock Fundamentals & Financials

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

Market cap

$4.2B-58.2%

Revenue$589.6M+50.2%

Net income$37.2M+366%

Free cash flow-$31.7M-3.1%

EPS (diluted)$0.29+480%

Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 6, 2026

Revenue$182.1MBeat by $2.0M EPS$0.14Beat by $0.01

Read the full report

Next report

Nov 5, 2026 (In 3 weeks)

Revenue estimate$193.5M

EPS estimate$0.15

Financials

Q2 2026

Income statement

See full

Revenue$182.1M+58.2%

Gross profit$78.2M+66.4%

Operating income$34.8M+73.2%

Net income$14.0M+106%

EPS (diluted)$0.11+120%

Balance sheet

See full

Cash & equivalents$51.7M+88.6%

Total debt$869.7M+92.0%

Total equity$421.1M+16.5%

Total assets$1.4B+51.4%

Cash flow

See full

Operating cash flow-$3.2M+81.7%

CapEx$14.5M+300%

Free cash flow-$17.7M+15.8%

Valuation & ratios

Valuation

See full

Market cap$4.2B-58.2%

Enterprise value$5.02B-51.2%

P/E113×-757×

P/S7.1×-15.9×

Profitability

See full

Gross margin41.7%+2.2pp

Operating margin16.8%+1.1pp

Net margin6.3%+4.3pp

FCF margin-5.4%-1.3pp

Returns & leverage

See full

Return on equity9.5%+6.6pp

Debt / equity2.1×+0.8×

Current ratio3.6×+0.8×

Segments

By segment

See full

Tactical Missile And Integrated Defense Systems$63.0M+55.4%

Hypersonic And Strategic Missile Defense$43.4M+24.2%

Space And Launch$42.1M+6.3%

Maritime Defense Systems$33.6M—

Competitors

By market cap

Parker-Hannifin Corp.$119.42B+27.7%

Lockheed Martin$117.22B-1.1%

Northrop Grumman$68.8B-24.3%

Woodward$19.1B+26.5%

Crane Co.$11.7B+13.3%

Leonardo DRS, Inc.$9.6B-18.6%

Karman Holdings Inc.$4.2B-57.4%

GHM

Graham Corporation$957.2M+50.7%

By revenue growth

Karman Holdings Inc.+50.2%

Woodward+22.4%

GHM

Graham Corporation+21.2%

Crane Co.+16.4%

Leonardo DRS, Inc.+10.5%

Parker-Hannifin Corp.+8.3%

Lockheed Martin+7.2%

Northrop Grumman+5.9%

By net margin

Parker-Hannifin Corp.16.97%-0.8pp

Woodward13.17%+1.9pp

Crane Co.12.97%-2.8pp

Northrop Grumman10.48%+0.7pp

Lockheed Martin8.16%+2.3pp

Leonardo DRS, Inc.7.85%+0.9pp

Karman Holdings Inc.6.31%+4.3pp

GHM

Graham Corporation4.53%-1.9pp

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

FAQ

What is Karman Holdings Inc.'s market cap?: Karman Holdings Inc. (KRMN) has a market capitalization of $4.2B and trades on NYSE.
What is Karman Holdings Inc.'s revenue and profitability?: Karman Holdings Inc. generated $589.6M in trailing twelve-month revenue with net income of $37.2M, representing a net margin of 6.3%. Gross margin stands at 41.7%, with free cash flow of -$31.7M. The latest reported period is Q2 2026.
Who are Karman Holdings Inc.'s competitors?: Karman Holdings Inc.'s key competitors include Northrop Grumman Corporation, Lockheed Martin Corporation, Woodward, Inc., 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.

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