Karman Holdings Inc.

NYSE:KRMN Stock Report

Market Cap: US$6.8b

Karman Holdings Future Growth

Future criteria checks 6/6

Karman Holdings is forecast to grow earnings and revenue by 52.6% and 27.8% per annum respectively. EPS is expected to grow by 52.4% per annum. Return on equity is forecast to be 21.6% in 3 years.

Key information

52.6%

Earnings growth rate

52.41%

EPS growth rate

Aerospace & Defense earnings growth18.0%
Revenue growth rate27.8%
Future return on equity21.61%
Analyst coverage

Good

Last updated01 Jul 2026

Recent future growth updates

Recent updates

Narrative Update Jun 26

KRMN: Expanding Defense And Space Contract Pipeline Will Drive Multi Year Upside

Karman Holdings' updated analyst price target has shifted from $83.29 to $105.60, with analysts pointing to higher modeled revenue growth, adjusted profit margins, and ongoing sector demand drivers in missiles, munitions, and space as key supports for the new valuation framework. Analyst Commentary Recent research on Karman Holdings reflects a mix of optimism on long-term growth drivers and caution around near term execution, integration work, and sector timing.
Analysis Article Jun 18

Karman Holdings (KRMN) Stock Could Be 50.7% Undervalued As Growth Story Builds

Karman Holdings (KRMN) stock moved after the company’s audit committee replaced Baker Tilly with PricewaterhouseCoopers as independent auditor for 2026, following earlier disclosures about material weaknesses in internal control over financial reporting. See our latest analysis for Karman Holdings. Karman Holdings stock has shown mixed momentum, with a 7 day share price return of 13.43% and a 1 year total shareholder return of 13.11%, but a 90 day share price decline of 50.89% and a year to...
New Narrative Jun 07

KRMN — Karman Space & Defense: Down 58% from Peak, Is the Market Mispricing a Hypergrowth Defense Compounder?

Why I'm Looking at This Karman Holdings went public in February 2025 and almost immediately became one of the most exciting stories in the aerospace and defense small-cap space. By January 2026, it was trading at $118.
Seeking Alpha Jun 05

Karman: The Sell-Off Has Gone Too Far

Summary Karman is undervalued despite best-in-class revenue and EBITDA growth, trading at a discount to high-growth A&D peers. KRMN's robust 2026 guidance, strong Q1 results, and high revenue visibility underpin confidence in continued rapid compounding. Recent catalysts include munitions acceleration agreements, a growing Space and Launch pipeline, and a significant $250M contract pending. I set a $70 price target based on 37x 2027 EV/EBITDA, seeing the YTD drawdown as a compelling entry point despite secondary offering and CEO transition risks. Read the full article on Seeking Alpha
Analysis Article Jan 22

Karman Holdings Inc.'s (NYSE:KRMN) 33% Jump Shows Its Popularity With Investors

Karman Holdings Inc. ( NYSE:KRMN ) shareholders have had their patience rewarded with a 33% share price jump in the...
Analysis Article Dec 03

Why We're Not Concerned Yet About Karman Holdings Inc.'s (NYSE:KRMN) 27% Share Price Plunge

Karman Holdings Inc. ( NYSE:KRMN ) shares have retraced a considerable 27% in the last month, reversing a fair amount...
Seeking Alpha Feb 16

Karman: Shooting Higher After Its IPO

Summary Karman Holdings' IPO saw shares surge nearly 50%, driven by strong investor interest in its profitable missile, defense, and space business. Despite impressive growth and profitability, Karman's high valuation at 13 times sales and 100 times earnings warrants a cautious approach. The company boasts a diverse revenue stream from 100 programs and 70 customers, but nonetheless relies heavily on a few large clients. Key risks include high valuation, reliance on US Defense budgets, technological developments, and cybersecurity threats, prompting a wait-and-see stance. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:KRMN - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,1821621292035
12/31/202793211014118110
12/31/2026732611108811
3/31/202652330-31-8N/A
12/31/202547217-42-22N/A
9/30/202542811-43-23N/A
6/30/20253928-31-14N/A
3/31/20253626-910N/A
12/31/2024345131127N/A
9/30/202433116326N/A
12/31/20232814420N/A
12/31/2022226-14-27-6N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRMN's forecast earnings growth (52.6% per year) is above the savings rate (3.5%).

Earnings vs Market: KRMN's earnings (52.6% per year) are forecast to grow faster than the US market (18.1% per year).

High Growth Earnings: KRMN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KRMN's revenue (27.8% per year) is forecast to grow faster than the US market (12.8% per year).

High Growth Revenue: KRMN's revenue (27.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KRMN's Return on Equity is forecast to be high in 3 years time (21.6%)


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/08 09:27
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Karman Holdings Inc. is covered by 12 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter ArmentBaird
Hamed KhorsandBWS Financial Inc.
Jason GurskyCitigroup Inc