KRMN
Karman Holdings Inc.
KRMN has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW's outlook is improving, though it still trails on the overall score.
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.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
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.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
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.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
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 has the edge over RDW in the latest year-over-year earnings comparison.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
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 has the edge over RDW on sales, with more consistent year-over-year improvement.
| 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 has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 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 has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
KRMN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +4K shares |
| 1 year | +0.2% | +213K shares |
KRMN has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $40,561 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $37,000 |
| Q4 2023 | $145,626 |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
KRMN PE vs Industrials Sector
| Metric | KRMN | Sector median | Relative |
|---|---|---|---|
| PE | 104x | 24x | 331% above |
| PE % | 0 | 30 | 30 pts below |
KRMN is trading at 104x earnings, a 331% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
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 stronger trend alignment. KRMN is above 1 of 3 weekly averages versus RDW above 0 of 5.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-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.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over KRMN on returns for 2026, with the stronger performance.