Karman Holdings Inc.

KRMN

NYSE

Industrials

Aerospace & Defense

Huntington Beach, CA, US1,113 employeeskarman-sd.com

$85.43

+2.74(3.31%)

Mkt Cap $11.3B

$26.77

$115.29

52-Week Range

At a Glance

AI-generated

Revenue accelerated 36.6% to $471.5M on defense demand for tactical missiles and integrated systems, driving gross profit growth of 43.8% to $190.0M with margin expansion to 40.3%, though operating cash flow turned negative amid production scaling and growth investments.

Revenue breakdown: Tactical Missile And Integrated Defense Systems (34%), Hypersonic And Strategic Missile Defense (33.2%), Space And Launch (32.8%).

8-K

Karman Holdings Inc. announced record fourth quarter fiscal 2025 revenue of $134.5 million, up 47.4% year over year, and full fiscal year 2025 revenue of $471.5 million, up 36.6% year over year, with record net income of $7.7 million and $17.4 million, respectively. The company raised its full year 2026 revenue outlook to $715 to $730 million and adjusted EBITDA to $207 to $218 million.

$11.3B

Market Cap

$428M

Revenue

$11M

Net Income

Employees1,113

Fundamentals

How The Business Makes Money

Revenue by Segment

Tactical Missile And Integrated Defense Systems34%($373M)

Hypersonic And Strategic Missile Defense33.2%($365M)

Space And Launch32.8%($360M)

Activity

What Changed Recently

Management Change

Mar 11, 2026

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 12,

Financial Results

Mar 24, 2026

shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to th

Material Agreement

Mar 12, 2026

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On March 9, 2026, Karman Holdings Inc. (the “Company”) entered into a Fourth Amendment to its Credit Agreement (the

Financial Results

Jan 20, 2026

and Exhibits 99.1 and 99.2 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),

Material Agreement+4 More

Feb 5, 2026

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On February 2, 2026, Karman Holdings Inc. (the “Company”) entered into a Third Amendment to its Credit Agreement (th

Peer Companies

Company	Price	Change	Market Cap	P/E
ERJERJ	$64.52	-1.06%	$47.4B	—
HIIHuntington Ingalls Indust...	$396.56	+0.82%	$15.6B	25.8
TXTTextron Inc.	$88.08	-0.93%	$15.3B	17.4
STRLSterling Infrastructure, ...	$417.32	-0.94%	$12.8B	44.7
KTOSKratos Defense & Security...	$67.18	-0.77%	$12.5B	648.6
DRSLeonardo DRS, Inc.	$46.38	+1.13%	$12.3B	42.4
BLDTopBuild Corp.	$357.42	-3.18%	$10.1B	18.6
SAROStandardAero, Inc.	$26.30	+0.17%	$8.7B	30.9

Analyst View

Company Profile

CIK0002040127

ISINUS4859241048

CUSIP485924104

Phone(714) 898-9951

Address5351 Argosy Avenue, Huntington Beach, CA, 92649, US

SEC EDGAR