Growth & profitability
- Revenue has grown 27.7% per year over the past 3 years.
- Operating margin has expanded, at 15.5% in the latest year.
Financial health
- Operating income covered interest expense 1.6× in the latest year, up from 0.5× 3 years ago.
KRMN Financials Karman Holdings Inc.
4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $472M | $17M | 40.3% | 15.5% | -$42M | — | $34M |
| 2024 | $345M | $13M | 38.3% | 18.4% | $11M | — | $12M |
| 2023 | $281M | $4M | 37.6% | 17.3% | $4M | — | $5M |
| 2022 | $226M | -$14M | 35.8% | 9.0% | -$27M | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $151M | $8M | 42.2% | 14.2% | -$7M | — | $74M |
| Dec '25 | $134M | $8M | 39.9% | 15.7% | $4M | — | $34M |
| Sep '25 | $122M | $8M | 41.0% | 17.9% | -$7M | — | $19M |
| Jun '25 | $115M | $7M | 40.9% | 17.5% | -$21M | — | $27M |
| Mar '25 | $100M | -$5M | 39.4% | 10.0% | -$19M | — | $114M |
| Dec '24 | $91M | $2M | 38.1% | 15.8% | $4M | — | $12M |
| Sep '24 | $86M | $4M | 39.3% | 20.2% | $5M | — | — |
| Jun '24 | $85M | $5M | 40.7% | 21.5% | $1M | — | — |
| Mar '24 | $83M | $2M | 34.9% | 16.3% | $1M | — | — |
Valuation over time
How the market has priced KRMN against its own fundamentals since 2025-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 329.2× (Feb '25) to 353.0× (Jun '26).
- The price-to-sales ratio has risen from 12.1× (Feb '25) to 13.0× (Jun '26).
P/E
P/S
Frequently asked questions
Is KRMN growing its revenue and profit?
Over the past 3 years, Karman Holdings Inc.'s revenue has grown 27.7% per year. These are computed facts, not advice.
How much debt does KRMN have?
As of FY2025, Karman Holdings Inc. reported — of total debt against $34M of cash; operating income covered interest expense 1.6×.
What is KRMN's profit margin?
In FY2025, gross margin was 40.3%, operating margin 15.5%, and net margin 3.7%.
What is KRMN's P/E ratio?
As of Jun '26, Karman Holdings Inc. traded at a price-to-earnings ratio of about 353.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.