KRMN
Karman Holdings Inc.
KRMN's fundamentals are strong: revenue grew 56% and earnings per share more than tripled. At 104x earnings, it's trading less than half its usual 828x. Analysts expect that strong growth to continue.
KRMN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Under pressure | |
| Weak |
KRMN's revenue and profitability are currently strong, but its cash flow and balance sheet are under pressure.
KRMN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 45x | $40.50 | — |
| Current | 104x | $40.50 | — |
| Cheap | 180x | $70.06 | +73% |
| Fair | 821x | $320 | +691% |
| Expensive | 1,251x | $488 | +1105% |
Historical ranges are pointers, not guarantees.
KRMN's PE is in its cheap range at 104x. If earnings grow as analysts expect, today's price would be 45x next year's earnings.
KRMN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for KRMN, with profitability improving.
KRMN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.89 | +129% |
| Q3 2026 | $0.39 | +388% |
| Q2 2026 | $0.29 | +383% |
| Q1 2026 | $0.23 | +475% |
KRMN's earnings per share have climbed steadily: $0.39 over the past year, about five times what it earned the year before, and higher year over year every quarter since early 2026.
KRMN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.6M | +66% |
| Q2 2026 | $182.1M | +58% |
| Q1 2026 | $151.2M | +51% |
| Q4 2025 | $134.5M | +47% |
| Q3 2025 | $121.8M | +42% |
| Q2 2025 | $115.1M | +35% |
| Q1 2025 | $100.1M | +21% |
| Q4 2024 | $91.2M | +19% |
KRMN's revenue has grown year over year every quarter since late 2024: $202M last quarter, up 66% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -2.2 points |
| Q2 2026 | 19% | +1.7 points |
| Q1 2026 | 14% | +4.2 points |
| Q4 2025 | 16% | -0.1 points |
| Q3 2025 | 18% | -2.3 points |
| Q2 2025 | 17% | -4 points |
| Q1 2025 | 10% | N/A |
| Q4 2024 | 16% | -0.5 points |
KRMN's operating margin was 16% last quarter, down 2.2 points from the same quarter a year ago.
KRMN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.4M | +$20.2M |
| Q2 2026 | -$17.7M | +$3.3M |
| Q1 2026 | -$7.2M | +$11.5M |
| Q4 2025 | $4M | +16% |
| Q3 2025 | -$6.8M | -229% |
| Q2 2025 | -$21M | -2088% |
| Q1 2025 | -$18.6M | -1381% |
| Q4 2024 | $3.4M | +$8.4M |
KRMN's free cash flow was −$7M over the past year, against −$43M the year before.
KRMN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +4K shares |
| 1 year | +0.2% | +213K shares |
KRMN has 133M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | $40,561 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $37,000 |
| Q4 2023 | $145,626 |
KRMN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.7x | High |
| Q2 2026 | 4.6x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 4.1x | High |
| Q3 2025 | 3.6x | Elevated |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 2.3x | Moderate |
KRMN's net debt is about 4.7 years of its operating earnings (EBITDA), up from 3.6 years a year ago.
KRMN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 36.9 | Neutral |
KRMN's weekly RSI is 43 (neutral) and its Stochastic is 37 (neutral).
KRMN PE vs Industrials Sector
| Metric | KRMN | Sector median | Relative |
|---|---|---|---|
| PE | 104x | 24x | 332% above |
| PE % | 0 | 29 | 29 pts below |
KRMN is trading at 104x earnings, a 332% premium to the Industrials sector's median of 24x.
KRMN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.5 | 8.1% above |
| 20 week MA | $43.9 | 7.8% below |
| 50 week MA | $64.3 | 37% below |
KRMN has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 37% below its 50-week average.
KRMN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $32.0 | $77.6 | +142% |
| 2026 YTD | $77.6 | $40.5 | -48% |
KRMN has finished every year since 2025 higher, and it's down 48% so far in 2026.