Firefly Aerospace, Inc. (FLY) vs Karman Holdings Inc. (KRMN)
Firefly Aerospace, Inc. and Karman Holdings Inc. are both Aerospace & Defense companies. Karman Holdings Inc. is the larger, with a market value of $4.6B against $3.9B — 1.2× the size. Firefly Aerospace, Inc. has negative trailing earnings, so its P/E is not meaningful; Karman Holdings Inc. trades at 123×. Firefly Aerospace, Inc. grew revenue faster over the last twelve months: 179.2% against 50.2%. Karman Holdings Inc. has the higher net margin (6.31% vs −129.1%) and the higher return on invested capital (5.09% vs −34.8%). Across the 17 metrics below, Karman Holdings Inc. leads on 12 and Firefly Aerospace, Inc. on 5.
Valuation
Profitability
| Metric | FLY | KRMN | Aerospace & Defense median |
|---|---|---|---|
| Gross margin | 22.92% | 41.67% | 25.48% |
| Operating margin | (117.99%) | 16.82% | 4.54% |
| Net margin | (129.06%) | 6.31% | 2.22% |
| Free cash flow margin | (113.66%) | (4.63%) | 0.00% |
| Return on equity | (242.95%) | 9.50% | 6.43% |
| Return on assets | (35.18%) | 3.10% | 2.70% |
| Return on invested capital | (34.77%) | 5.09% | 1.56% |
Growth
Health
Dividend
Size
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