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KRMN · NYSE · United States · Aircraft Parts & Auxiliary Equipment, Nec
In shortKarman Holdings Inc. is profitable, burns cash and carries moderate debt, with revenue growing (+36.6% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 15.5% | 68/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.7% | 35/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 6.0% | 30/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.4% | 29/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.29× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.30× | 39/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.02× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.64× | 1/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.23 | 29/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -9.0% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -2.44× | 0/100 |
| Years with positive free cash flow (last 5) | 2 of 4 | 37/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 4 | 75/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 7.6% | 83/100 |
| Operating margin volatility | 4.2% | 71/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 27.7% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 226 | 281 | 345 | 472 |
| Cost of revenue | 145 | 175 | 213 | 281 |
| Gross profit | 81 | 106 | 132 | 190 |
| Operating income | 20 | 48 | 64 | 73 |
| Interest expense | 38 | 48 | 51 | 45 |
| Pre-tax income | (17) | 1.2 | 14 | 33 |
| Income tax | (3.2) | (3.2) | 1.6 | 15 |
| Net income | (14) | 4.4 | 13 | 17 |
| Diluted EPS | −$0.09 | $0.03 | $0.08 | $0.13 |
| Diluted shares (millions) | 159 | 167 | 167 | 132 |
2.23 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice.
Latest annual report: Jun 30, 2026 · Data updated Aug 11, 2026