KRMN - Karman Holdings Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$94.00
DETAILS
HIGH:
$114.00
LOW:
$80.00
MEDIAN:
$92.50
CONSENSUS:
$94.00
UPSIDE:
106.28%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 182.1 | 151.2 | 134.5 | 121.8 | 115.1 | 100.1 | 91.2 | 86.0 | 85.0 | 83.0 | 77.0 |
| Cost of Revenue | 103.8 | 87.3 | 80.9 | 71.8 | 68.1 | 60.7 | 56.5 | 52.2 | 50.4 | 54.0 | 47.0 |
| Gross Profit | 78.2 | 63.9 | 53.6 | 49.9 | 47.0 | 39.5 | 34.7 | 33.8 | 34.6 | 29 | 30.0 |
| Operating Expenses | |||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 31.3 | 28.6 | 22.9 | 20.0 | 19.4 | 23.3 | 13.2 | 11.2 | 10.0 | 10.1 | 9.7 |
| Other Expenses | 12.1 | 13.8 | 9.6 | 8.1 | 7.5 | 6.2 | 7.2 | 5.2 | 6.3 | 5.4 | 6.3 |
| Operating Expenses | 43.4 | 42.4 | 32.6 | 28.1 | 26.9 | 29.5 | 20.4 | 16.4 | 16.3 | 15.5 | 16.1 |
| Operating Income | |||||||||||
| Operating Income | 34.8 | 21.5 | 21.1 | 21.8 | 20.1 | 10.0 | 14.4 | 17.4 | 18.3 | 13.5 | 14.0 |
| Interest Expense | 15.3 | 12.6 | 11.3 | 10.0 | 11.9 | 11.4 | 12.7 | 12.5 | 13.4 | 12.1 | 12.8 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||
| EBITDA | 34.5 | 37.9 | 37.5 | 32.8 | 30.2 | 19.3 | 24.9 | 25.9 | 26.6 | 21.6 | 21.6 |
| EBIT | 34.5 | 21.3 | 24.9 | 21.9 | 20.5 | 9.9 | 15.9 | 17.8 | 18.3 | 14.3 | 14.6 |
| Income Before Tax | 19.3 | 8.6 | 13.6 | 11.9 | 8.6 | (1.5) | 2.0 | 5.2 | 4.9 | 2.2 | 1.4 |
| Income Tax Expense | 5.2 | 0.8 | 5.8 | 4.2 | 1.8 | 3.3 | 0.3 | 0.9 | 0.3 | 0.1 | (3.3) |
| Net Income | 14.0 | 7.8 | 7.7 | 7.6 | 6.8 | (4.8) | 1.7 | 4.3 | 4.6 | 2.1 | 4.7 |
| Per Share Data | |||||||||||
| EPS (Basic) | 0.11 | 0.06 | 0.06 | 0.06 | 0.05 | -0.04 | 0.01 | 0.03 | 0.03 | 0.02 | 0.04 |
| EPS (Diluted) | 0.11 | 0.06 | 0.06 | 0.06 | 0.05 | -0.04 | 0.01 | 0.03 | 0.03 | 0.02 | 0.04 |
| Shares Outstanding | 132.5 | 132.5 | 132.3 | 132.3 | 132.3 | 132.2 | 132.2 | 132.2 | 132.3 | 123.8 | 132.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 51.7 | 73.8 | 34.0 | 18.7 | 27.4 | 113.7 | 11.5 | 7.7 | 5.5 | 5.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 302.1 | 268.0 | 235.0 | 217.2 | 191.5 | 169.9 | 162.4 | 157.8 | 0 | 139.8 |
| Inventory | 16.3 | 16.1 | 10.7 | 15.4 | 14.7 | 10.4 | 9.9 | 0 | 0 | 9.8 |
| Other Current Assets | 14.7 | 12.4 | 11.8 | 9.4 | 8.4 | 7.5 | 12.2 | 8.3 | (5.5) | 0 |
| Total Current Assets | 384.8 | 370.3 | 291.4 | 260.6 | 242.1 | 301.5 | 201.7 | 173.8 | 0 | 157.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 273.6 | 199.8 | 167.6 | 153.8 | 152.1 | 136.9 | 137.0 | 135.1 | 0 | 127.2 |
| Goodwill | 498.1 | 439.2 | 352.5 | 301.8 | 301.8 | 225.1 | 225.1 | 225.1 | 0 | 217.3 |
| Intangible Assets | 326.8 | 400.5 | 285.9 | 245.1 | 251.1 | 204.6 | 209.0 | 213.3 | 0 | 207.6 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | (39.3) | 8.0 | 6.7 | 6.8 | 6.8 | 7.2 | 1.2 | 1.2 | 0 | 1.1 |
| Total Non-Current Assets | 1,059.2 | 1,047.4 | 812.7 | 707.5 | 711.9 | 573.9 | 572.2 | 574.7 | 0 | 553.1 |
| Total Assets | 1,444.0 | 1,417.7 | 1,104.1 | 968.1 | 953.9 | 875.4 | 774.0 | 748.5 | 0 | 710.8 |
| Current Liabilities | ||||||||||
| Account Payables | 45.4 | 38.4 | 31.6 | 32.7 | 28.1 | 25.4 | 28.3 | 26.2 | 0 | 21.0 |
| Short-Term Debt | 13.1 | 5.6 | 3.8 | 2.8 | 2.8 | 7.1 | 7.1 | 6.3 | 0 | 6.3 |
| Deferred Revenue | 0 | 25.8 | 22.8 | 18.8 | 19.9 | 26.0 | 29.9 | 27.2 | 0 | 36.1 |
| Other Current Liabilities | 47.7 | 10.2 | 0 | 3.9 | 3.9 | 1.1 | 12.5 | 3.5 | 0 | 0 |
| Total Current Liabilities | 108.2 | 104.8 | 88.7 | 91.1 | 88.2 | 90.3 | 114.6 | 93.0 | 0 | 87.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 751.3 | 752.2 | 495.3 | 395.1 | 395.8 | 325.4 | 351.9 | 348.8 | 0 | 318.0 |
| Deferred Tax Liabilities | 45.6 | 45.7 | 47.8 | 30.5 | 24.7 | 26.4 | 25.4 | 28.2 | 0 | 36.9 |
| Other Non-Current Liabilities | 6.9 | 6.9 | 7.7 | 2.4 | 2.5 | 2.7 | 2.8 | 1.7 | (182.5) | 5.0 |
| Total Non-Current Liabilities | 914.7 | 907.3 | 632.7 | 507.8 | 504.3 | 436.2 | 463.4 | 461.4 | (182.5) | 441.3 |
| Total Liabilities | 1,022.9 | 1,012.0 | 721.4 | 599.0 | 592.5 | 526.5 | 578.0 | 554.4 | (182.5) | 528.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 204.3 | 204.1 | 0 | 203.4 |
| Retained Earnings | 30.9 | 16.8 | 9.0 | 1.3 | (6.3) | (13.1) | (8.3) | (10.0) | 0 | (21.0) |
| Accumulated Other Comprehensive Income | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 182.5 | 0.1 |
| Total Stockholders' Equity | 421.1 | 405.7 | 382.7 | 369.1 | 361.5 | 348.9 | 196.0 | 194.1 | 182.5 | 182.5 |
| Total Liabilities & Equity | 1,444.0 | 1,417.7 | 1,104.1 | 968.1 | 953.9 | 875.4 | 774.0 | 748.5 | 0 | 710.8 |
| Debt Metrics | ||||||||||
| Total Debt | 875.3 | 867.0 | 587.3 | 483.7 | 485.8 | 419.7 | 447.9 | 442.7 | 0 | 409.3 |
| Net Debt | 823.5 | 793.2 | 553.3 | 465.0 | 458.3 | 306.0 | 436.3 | 435.1 | (5.5) | 403.9 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 14.0 | 7.8 | 7.7 | 7.6 | 6.8 | (4.8) | 1.7 | 4.3 | 4.6 | 2.1 | 4.7 |
| Depreciation & Amortization | 15.2 | 16.6 | 12.6 | 11.0 | 9.7 | 9.5 | 9.0 | 8.1 | 8.3 | 7.3 | 7.1 |
| Stock-Based Compensation | 1.4 | 0 | 0 | 0 | 0 | 1.4 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 |
| Change in Working Capital | (34.7) | (22.8) | (12.5) | (24.5) | (34.5) | (21.8) | 0.2 | (0.9) | (3.9) | (5.3) | 3.1 |
| Other Non-Cash Items | 1.0 | 0.6 | (4.5) | 0.2 | 2.4 | 1.0 | (0.7) | 1.6 | 0.9 | (0.1) | 1.3 |
| Operating Cash Flow | (3.2) | 0.2 | 8.7 | 0.1 | (17.4) | (13.6) | 7.6 | 9.9 | 6.1 | 3.1 | 7.1 |
| Investing Activities | |||||||||||
| Capital Expenditure | (14.5) | (7.4) | (4.7) | (7.0) | (3.6) | (5.0) | (4.1) | (4.6) | (5.1) | (1.6) | (12.1) |
| Acquisitions | 0.1 | (210.2) | (85.7) | 0 | (126.3) | 0 | (0.5) | (0.1) | 0 | (30.7) | 0 |
| Purchases of Investments | 0 | 0 | 6 | 0 | 0 | (6) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.4 | 0 | (6) | 0 | 0 | 0 | 0.3 | 0.1 | 0 | 0 | 0 |
| Investing Cash Flow | (14.0) | (217.5) | (90.4) | (7.0) | (129.9) | (11.0) | (4.3) | (4.6) | (5.1) | (32.3) | (12.1) |
| Financing Activities | |||||||||||
| Net Debt Issuance | (2.0) | 262.0 | (37.1) | (1.9) | 67.6 | (28.5) | 1.4 | (2.2) | (3.5) | 32.0 | 11.1 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | 0 | (0.0) | (0.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 |
| Other Financing Activities | (2.9) | (4.9) | 133.1 | 0 | (6.5) | 1.5 | (0.8) | (0.0) | (0.0) | (0.9) | (6.2) |
| Financing Cash Flow | (4.9) | 257.2 | 96.9 | (1.9) | 61.0 | 126.8 | 0.6 | (2.3) | (3.6) | 31.0 | 4.7 |
| Cash Position | |||||||||||
| Net Change in Cash | (22.1) | 39.8 | 15.3 | (8.8) | (86.2) | 102.1 | 3.9 | 3.0 | (2.5) | 1.7 | (0.3) |
| Cash at Beginning | 73.8 | 34.0 | 18.7 | 27.4 | 113.7 | 11.5 | 7.7 | 4.7 | 7.2 | 5.5 | 5.7 |
| Cash at End | 51.7 | 73.8 | 34.0 | 18.7 | 27.4 | 113.7 | 11.5 | 7.7 | 4.7 | 7.2 | 5.5 |
| Free Cash Flow | (17.7) | (7.2) | 4.0 | (6.8) | (21.0) | (18.6) | 3.4 | 5.3 | 1.1 | 1.5 | (5.0) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 182.1 | 151.2 | 134.5 | 121.8 | 115.1 | 100.1 | 91.2 | 86.0 | 85.0 | 83.0 | 77.0 |
| Gross Profit | 78.2 | 63.9 | 53.6 | 49.9 | 47.0 | 39.5 | 34.7 | 33.8 | 34.6 | 29 | 30.0 |
| Operating Income | 34.8 | 21.5 | 21.1 | 21.8 | 20.1 | 10.0 | 14.4 | 17.4 | 18.3 | 13.5 | 14.0 |
| Net Income | 14.0 | 7.8 | 7.7 | 7.6 | 6.8 | (4.8) | 1.7 | 4.3 | 4.6 | 2.1 | 4.7 |
| EPS (Diluted) | 0.11 | 0.06 | 0.06 | 0.06 | 0.05 | -0.04 | 0.01 | 0.03 | 0.03 | 0.02 | 0.04 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 51.7 | 73.8 | 34.0 | 18.7 | 27.4 | 113.7 | 11.5 | 7.7 | 5.5 | 5.5 | |
| Total Assets | 1,444.0 | 1,417.7 | 1,104.1 | 968.1 | 953.9 | 875.4 | 774.0 | 748.5 | 0 | 710.8 | |
| Total Debt | 875.3 | 867.0 | 587.3 | 483.7 | 485.8 | 419.7 | 447.9 | 442.7 | 0 | 409.3 | |
| Stockholders' Equity | 421.1 | 405.7 | 382.7 | 369.1 | 361.5 | 348.9 | 196.0 | 194.1 | 182.5 | 182.5 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | (3.2) | 0.2 | 8.7 | 0.1 | (17.4) | (13.6) | 7.6 | 9.9 | 6.1 | 3.1 | 7.1 |
| Capital Expenditure | (14.5) | (7.4) | (4.7) | (7.0) | (3.6) | (5.0) | (4.1) | (4.6) | (5.1) | (1.6) | (12.1) |
| Free Cash Flow | (17.7) | (7.2) | 4.0 | (6.8) | (21.0) | (18.6) | 3.4 | 5.3 | 1.1 | 1.5 | (5.0) |