Karman Holdings Inc. (KRMN) vs VSE Corporation (VSEC)

Karman Holdings Inc. and VSE Corporation are both Aerospace & Defense companies. Karman Holdings Inc. and VSE Corporation are of similar size ($4.6B and $4.3B). VSE Corporation trades at the lower P/E: 60.0× against 111×. Karman Holdings Inc. grew revenue faster over the last twelve months: 50.2% against 41.6%. Karman Holdings Inc. has the higher net margin (6.31% vs 5.53%) and the higher return on invested capital (5.09% vs 2.04%). Across the 19 metrics below, VSE Corporation leads on 10 and Karman Holdings Inc. on 9.

Valuation

Metric KRMN VSEC Aerospace & Defense median
P/E 111.34 59.96 28.48
P/S 7.26 3.78 2.95
P/B 10.16 1.75 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA 32.54 32.83 16.85
EV/Sales 8.61 4.43 2.74
Earnings yield 0.90% 1.67% 0.89%
Free cash flow yield (0.64%) (0.02%) 0.00%

Profitability

Metric KRMN VSEC Aerospace & Defense median
Gross margin 41.67% 15.62% 26.41%
Operating margin 16.82% 9.15% 3.69%
Net margin 6.31% 5.53% 2.74%
Free cash flow margin (4.63%) (0.08%) 0.00%
Return on equity 9.50% 3.84% 4.44%
Return on assets 3.10% 2.50% 1.90%
Return on invested capital 5.09% 2.04% 0.26%

Growth

Metric KRMN VSEC Aerospace & Defense median
Revenue growth (TTM) 50.23% 41.55% 18.03%
EPS growth (last fiscal year) 62.50% (35.29%) 24.80%
Revenue growth, 5-year CAGR — 10.95% 9.73%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric KRMN VSEC Aerospace & Defense median
Debt to equity 2.01 0.32 0.20
Current ratio 3.56 3.77 2.85
Net debt to EBITDA 4.60 1.71 1.29

Dividend

Metric KRMN VSEC Aerospace & Defense median
Dividend yield — 0.24% 0.91%
Payout ratio — 0.15 0.30

Size

Metric KRMN VSEC Aerospace & Defense median
Market cap 4.25b 4.62b 1.78b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack