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) Operating margin

Alert me on Operating margin

Karman Holdings Inc.'s operating margin over the twelve months to 30 June 2026 was 16.8%, up 1.4 percentage points from fiscal 2025 (15.5%). That is above the Aerospace & Defense industry median of 1.21% and above the Industrials sector median of 5.12%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 15.5% (2.94)
FY2024 18.4% 1.13
FY2023 17.3% 8.25
FY2022 9.03% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 19.1% 4.94
Mar 2026 14.2% (1.47)
Dec 2025 15.7% (2.25)
Sep 2025 17.9% 0.44
6 more quarters

Operating margin against peers

Company Operating margin
KRMN Karman Holdings Inc. 16.8%
HXL Hexcel Corporation compare 12.2%
VSEC VSE Corporation compare 9.15%
AIR AAR Corp. compare 8.17%
MRCY Mercury Systems Inc compare 0.03%
AVAV AeroVironment, Inc. compare −12.6%
PL Planet Labs PBC compare −27.2%
BETA BETA Technologies, Inc. compare −1,033.0%
DPC DPC Holdings PLC compare —
Aerospace & Defense industry median 1.21%
Industrials sector median 5.12%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on KRMN