Karman Holdings Inc.

KRMN Industrials Aerospace & Defense

Karman Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $471.5 million, up 36.6% from fiscal 2024.

Revenue
+58.2%
EPS
+120.0%
Free cash flow
+17.7%
Total debt
+80.0%

Quarter to June 2026, against a year earlier

33.98 5.53 −14.00%
Market cap
$5.2B
P/E
136×
Fwd P/E
80.9×
Dividend yield
—
F-score
6/9
Altman Z
8.93
Beneish M
−1.90
Dividend safety
n/a

Karman Holdings Inc. (KRMN) Gross margin

Alert me on Gross margin

Karman Holdings Inc.'s gross margin over the twelve months to 30 June 2026 was 41.7%, up 1.4 percentage points from fiscal 2025 (40.3%). That is above the Aerospace & Defense industry median of 26.0% and above the Industrials sector median of 30.7%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 40.3% 2.03
FY2024 38.3% 0.67
FY2023 37.6% 1.83
FY2022 35.8% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 43.0% 0.73
Mar 2026 42.2% 2.38
Dec 2025 39.9% (1.15)
Sep 2025 41.0% 0.16
6 more quarters

Gross margin against peers

Company Gross margin
BETA BETA Technologies, Inc. compare 62.5%
PL Planet Labs PBC compare 55.4%
KRMN Karman Holdings Inc. 41.7%
MRCY Mercury Systems Inc compare 28.6%
AVAV AeroVironment, Inc. compare 26.5%
HXL Hexcel Corporation compare 25.2%
AIR AAR Corp. compare 19.1%
VSEC VSE Corporation compare 15.6%
DPC DPC Holdings PLC compare —
Aerospace & Defense industry median 26.0%
Industrials sector median 30.7%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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