KRMN · Karman Holdings Inc.
$32.59
+0.90 (+2.84%)
At close · Oct 9
Return incl. dividend (before tax)
Market Cap
$4.32B
Shares
132.53M
Volume · Oct 9
2.12M
Avg daily vol (3M)
3.46M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$32.59
Open$32.75
Day$31.88–33.00
52W close$31.39–115.29
Avg vol 30d3.8M
Short int15.9M · 12.0% float · 3.3d
Short vol70%
Last earningsAug 6, 2026
DataFeb 2025–Oct 2026
Filing10-Q · Aug 11
Up next
Next earnings call
Oct 20, 2026
Est · unconfirmed
· in 1 wks
filed Aug 11, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$589.55M
Trailing 12 months
Net income (TTM)
$37.18M
Trailing 12 months
Revenue growth YoY
+58.2%
Year over year
Operating margin
16.8%
Trailing 12 months
P / E (TTM)
112.4
Trailing earnings · reciprocal yield 0.9%
FCF yield
-0.6%
TTM · current market cap
Return on invested capital
18.4%
Trailing 12 months
Net cash
$46.13M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.2%
Year over year · more shares
Price change (1Y)
-56.3%
Trailing year
Short interest
12.0%
Latest settlement · 3.3 days to cover
AI Brief
Q2 FY26 earnings call · Aug 13, 2026
Q2 FY26
TL;DR. Karman delivered record Q2 2026 results with revenue of $182 million (+58% YoY) and adjusted EBITDA of $55 million (+55% YoY), raised full-year 2026 revenue guidance to $730–$745 million and adjusted EBITDA to $215–$222.5 million, and reaffirmed 25%+ organic growth for 2026 supported by a record $1.3 billion backlog and nearly $500 million in quarterly bookings.
Bullish
- + Q2 revenue up 58% YoY to $182.1M with net income up 106% YoY to $14M
- + Raised full-year 2026 revenue guidance to $730–$745M and adjusted EBITDA to $215–$222.5M
- + Record $1.3B backlog up 65% from year-end 2025 and quarterly bookings of nearly $500M, including a large multi-year space and launch LTA
- + Term loan repricing reduces annual interest expense by ~$4M and revolver increased to $150M
Bearish
- − Q2 cash used in operations of $4M and AR growth driven by 58% revenue increase pressures working capital
- − H2 2026 adjusted EBITDA margin expected to step down due to higher mix of lower-margin cost-plus contracts from recent acquisitions
- − Net debt of $752M with Q2 leverage at ~3.7x adjusted EBITDA pro forma, only expected to fall to ~3.5x by year-end
- − CapEx run rate running above 5% of revenue guidance, requiring step-down in H2 to meet full-year target
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 14.8 · calm
Equity put/call 0.56
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−52%
below
Price vs 50-day avg
−25%
below
RSI (14)
38
neutral
MACD trend
Positive
52-week position
1%
near low
Momentum
relative strength
1-month return
−8%
trailing
6-month return
−61%
trailing
YTD return
−55%
this year
Relative strength
−70%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $44 › 200d $68 — 200d above 50d
Institutional flow
Accumulating
15 of 363 funds reported for Sep 30 · net +59.1K sh shares · +6 new
Insider flow
Accumulating
Net +$1.0M over 90 days · 0% sells
Short interest
Rising
12.00% of float · ▲ +12.7% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
363 holders — near 1-yr high, broad support
Squeeze score
58
elevated · 0–100
Fundamentals
Revenue growth
+37%
Y/Y
Gross margin
40%
expanding
EPS growth
+63%
Y/Y
Free cash flow
$-42.5M
Valuation
P/E 112.4
rich
Quant / Vol
risk profile
Volatility
73%
annualized · 1-yr
Max drawdown
−73%
past year
ATR
6.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 6, 2026
full year 2026
Full-year revenue
$730M – $745M
prior FY $471.5M
midpoint +56.4% Y/Y
Non-GAAP adjusted EBITDA
Non-GAAP
$215M – $222.5M
Statutory tax rate
26.5%
Capital expenditures
$37M
second half of 26
Free cash flow
$15M – $20M
long term / rest of the decade
CapEx as a percentage of revenue
5%
full year
Organic growth
Non-GAAP
at least 25%
2026
Organic growth
Non-GAAP
at least 25%
for years
Adjusted EBITDA margins
Non-GAAP
up to 30%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−52%
Bearish
Price vs 50-day avg
−25%
Bearish
RSI (14)
38
Neutral
MACD trend
Positive
Bullish
52-week position
1%
Bearish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $44 › 200d $68 — 200d above 50d
Institutional flow
Accumulating
15 of 363 funds reported for Sep 30 · net +59.1K sh shares · +6 new
Insider flow
Accumulating
Net +$1.0M over 90 days · 0% sells
Short interest
Rising
12.00% of float · ▲ +12.7% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
363 holders — near 1-yr high, broad support
Price context
position in its 52-week range
Range low $31
Now $33 · 1%
Range high $115
vs 200-day avg -52%
vs 50-day avg -25%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| EBITDA non-GAAP | 49.73M | Three Months Ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | 54.6M | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA 49.73M
+1.39M Transaction-related expenses
+1.94M Integration expenses and non-recurring restructuring costs
+45K Lender and administrative agent fees
+1.44M Share-based Compensation
+34K Other non-recurring costs
= Adjusted EBITDA 54.58M
|
|||
| Adjusted EBITDA margin non-GAAP | 29.8% | Six Months Ended June 30, 2026 | — |
| Adjusted EPS non-GAAP | $0.25 | Six Months Ended June 30, 2026 | — |
| Backlog | 1.3B | As of June 30, 2026 | — |
| Bookings | 500M | Q2 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
KRMN
this stock
Karman Holdings Inc.
|
$4.32B | -55.5% | +36.6% | 112.4 | 12.0% |
|
SPCX
Space Exploration Technologies Corp
|
$2.14T | — | — | — | 1.4% |
|
GE
General Electric Co
|
$319.78B | +0.1% | +18.5% | 36.3 | 1.1% |
|
RTX
RTX Corp
|
$250.64B | +1.4% | +17.1% | 32.7 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$168.11B | -9.0% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| KRMN | -4.5% | -7.6% | -60.6% | +0.5% | -55.5% |
| SPY | +1.2% | +1.9% | +9.9% | +2.1% | +14.2% |
| vs SPY | -5.7% | -9.5% | -70.5% | -1.6% | -69.6% |
Key facts
CIK
2040127
CUSIP
485924104
13F (30d)
20 filings
19 filers
Visit website
Investor relations