Karman Holdings Inc., through its subsidiary, Karman Space and Defense, engages in designing, testing, manufacturing, and sale of mission-critical systems for missile and defense, space programs, hypersonic, and launch vehicle markets.
| Revenue (TTM) | $522.59M |
| Gross Profit (TTM) | $214.44M |
| EBITDA | $136.35M |
| Operating Margin | 15.50% |
| Return on Equity | 7.94% |
| Return on Assets | 4.71% |
| Revenue/Share (TTM) | $3.95 |
| Book Value | $3.06 |
| Price-to-Book | 16.52 |
| Price-to-Sales (TTM) | 12.56 |
| EV/Revenue | 14.34 |
| EV/EBITDA | 54.16 |
| Quarterly Earnings Growth (YoY) | 482.90% |
| Quarterly Revenue Growth (YoY) | 51.00% |
| Shares Outstanding | $132.53M |
| Float | $102.67M |
| % Insiders | 6.75% |
| % Institutions | 97.97% |
Volatility is currently contracting
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #AUV--Karman Space & Defense Schedules Second Quarter Fiscal Year 2026 Earnings Release, Conference Call and Webcast.
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #ImpossibleEndsHere--Karman Space & Defense (“Karman,” “Karman Holdings Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of Defense's core mission priorities and the nation's accelerating demand for access to space, today announced that Northrop Grumman Corporation has awarded a $21.3 million contract for the Proof of Manufacture (“POM”) phase.
FARNBOROUGH, England--(BUSINESS WIRE)---- $KRMN #AUV--Karman Space & Defense Expands into International Market with Agreement to Acquire Glasgow-Headquartered Walker Precision Engineering.
Starting Friday, it will be a component stock on the S&P SmallCap 600 index. Wednesday's price pop was due largely to index funds loading up on the space company's equity.
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #ImpossibleEndsHere--Karman Space & Defense (“Karman”, “Karman Holdings Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of War's core mission priorities and the nation's accelerating demand for access to space, today announced the expansion of its Horsham, Pa. facility through a $2.7 million investment. The investment will expand Karman's cap.
Karman Holdings offers investors a unique blend of defense stability and space sector upside, rated Buy. Karman's roll-up of niche, qualified suppliers gives it real pricing power and sticky, hard-to-replace positions across missile, maritime, and space programs. Base case projects a 67% upside by 2029-2030, a defense-driven 18% CAGR floor, with the space segment offering up to 200% upside if it does materialize.
Karman Holdings is rated a buy, supported by visible FY2026 growth, a robust backlog, and strong competitive positioning in mission-critical space and defense systems. KRMN benefits from high customer switching costs, pricing power, and ~87% of 2023 revenue from sole- or single-source contracts, underpinning margin resilience. FY2026 revenue is guided to $720-735 million, with 90% already covered by backlog and a strong demand backdrop from both government and commercial space activity.
While many eyes are on SpaceX NASDAQ: SPCX, other companies in the industry give investors reasons to watch the skies as well. Quarterly earnings are always a popular way of identifying potential targets in the space and defense industry, but investors may risk overlooking the importance of backlog in this sphere as well.
Karman Holdings Inc. (KRMN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Jeff Bezos said Blue Origin has a path to resume launches this year after last month's New Glenn explosion, a positive development for AST SpaceMobile, Amazon and supplier Karman.
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