KRMN
Karman Holdings Inc.
KRMN's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over KRMN overall, supported by stronger valuation and stronger fundamentals.
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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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 has the edge over VRT in the historical PE scenario, which offers more potential upside but is not a forecast.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x 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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, 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 has the edge over VRT in the latest year-over-year earnings comparison.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT's earnings per share have climbed steadily: $5.35 over the past year, up 102% from the year before, and higher year over year every quarter since late 2021.
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 VRT on sales, with stronger typical year-over-year growth.
| 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.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT's revenue has grown year over year every quarter since late 2020: $4.3B last quarter, up 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over KRMN on profitability, with a higher operating margin.
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.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over KRMN on cash generation, producing positive trailing cash flow while its opponent burns cash.
KRMN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +4K shares |
| 1 year | +0.2% | +213K shares |
KRMN has the edge over VRT 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 |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over KRMN on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (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.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over KRMN on valuation relative to its sector.
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 |
VRT has stronger trend alignment. KRMN is above 1 of 3 weekly averages versus VRT above 2 of 5.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over KRMN on returns for 2026, with the stronger performance.