Karman Holdings Inc.
KRMNIndustrialsNASDAQAerospace & Defense
Scan Results
Daily timeframePart of the industrials sector, Karman Holdings Inc. (KRMN) is listed under Aerospace & Defense. With a market capitalization of $7.11B, it sits in mid-cap territory. The company offers payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems.
Market Cap
$7.11B
Beta
—
P/E (TTM)
233.26
P/E (Fwd)
58.23
EPS (TTM)
$0.23
EPS (Fwd)
$0.92
ROE
7.9%
ROA
4.7%
Cash
$73.8M
Total Debt
$867.0M
Free CF
-$40.1M
52W Change
22.7%
Annual Financials
Cash vs Debt
On the balance sheet, KRMN has $73.8M in cash with $867.0M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$40.1M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 7.9%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 4.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $226.3M (2022) to $471.5M (2025), reflecting a 108% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. At over 50x earnings, KRMN carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing KRMN.