Aircraft Parts & Auxiliary Equipment, NEC · SIC 3728

Karman Holdings Inc.

KRMN

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Latest revenue

$151.2M

as of 2026-03-31

Latest net income

$7.8M

as of 2026-03-31

Net margin

5.2%

as of 2026-03-31

Price · 5Y

+73.2% / yr 59.4 pts / yr vs S&P 500 100.3% total
Compare:

Live market

delayed ≤15 min
$64.10
1.84%
Market cap
$8.49B
Enterprise value
$8.49B
P/E (trailing)
489.2×
Forward P/E
P/B
Dividend yield
0.0%
52-wk high
$118.38
52-wk low
$42.12
Beta
Shares out
132.5M

5-year trend

dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).

What this company does

AI

ITEM 1. BUSINESS Our Company We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging, high-priority missile and defense, and space programs. Our integrated payload protection, interstage and propulsion system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of War (“DoW”) and space sector initiatives. For the years ending December 31, 2025 and 2024, we estimate that no single program out of the more than 130 active programs in production and development that we support accounted for more than 12% of our revenue, on average, for those twelve month periods. Our…

AI summary unavailable — showing raw filing excerpt

Generated from KRMN's filing dated 2026-04-03

Key risks

AI

ITEM 1A. RISK FACTORS An investment in our common stock involves a high degree of risk. You should carefully consider the following risk factors and the other information in this Annual Report on Form 10-K before investing in our common stock. Our business and results of operations could be seriously harmed by any of the following risks. The risks set out below are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results. If any of the following events occur, our business, financial condition and results of operations…

AI summary unavailable — showing raw filing excerpt

Generated from KRMN's filing dated 2026-04-03

Profitability

Gross margin

40.3%

5.3%

Operating margin

15.5%

16.0%

Net margin

3.7%

0.1%

Return on equity

4.5%

30.0%

Return on assets

1.6%

4.2%

Leverage

Debt / equity

1.89×

36.1%

Long-term debt / equity

1.29×

22.4%

Debt / assets

65.3%

12.5%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$151.2M+51.0%$7.8M+262.4%5.2%

Q4 2025

2025-12-31

$134.5M+47.4%$12.5M+643.4%9.3%

Q3 2025

2025-09-30

$121.8M+41.7%$7.6M+78.1%6.3%

Q2 2025

2025-06-30

$115.1M+35.3%$2.0M-56.4%1.7%

Q1 2025

2025-03-31

$100.1M+20.6%$-4.8M-326.1%-4.8%

Q4 2024

2024-12-31

$91.2M$1.7M1.8%

Q3 2024

2024-09-30

$86.0M$4.3M5.0%

Q2 2024

2024-06-30

$85.0M$4.6M5.4%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Aircraft Parts & Auxiliary Equipment, NEC · SIC 3728

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Insider activity

Insider buying

$0

Insider selling

$1.23B

Net activity

−$1.23B

Distinct insiders

6

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2025-12-12

Anthony Koblinski

Chief Executive Officer

Sale75,000$69.31$5.2M
2025-12-05

Anthony Koblinski

Chief Executive Officer

Sale75,000$66.51$5.0M
2025-11-28

Anthony Koblinski

Chief Executive Officer

Sale75,000$67.40$5.1M
2025-11-21

Anthony Koblinski

Chief Executive Officer

Sale75,000$58.48$4.4M
2025-11-17

Michael Willis

Chief Financial Officer

Sale115,000$58.63$6.7M
2025-11-13

Jonathan Beaudoin

Chief Operating Officer

Sale74,000$63.69$4.7M
2025-11-13

Stephanie Sawhill

Chief Growth Officer

Sale62,000$63.93$4.0M
2025-11-12

Brian Raduenz

Director

Sale90,000$68.00$6.1M
2025-07-25

Brian Raduenz

Director

Sale34,032$49.00$1.7M
2025-07-25

TCFIII Spaceco SPV LP / Trive Capital Fund III LP / Trive Capital Fund III-A LP

10%+ owner

Sale23,623,968$49.00$1.16B
2025-07-25

Stephanie Sawhill

Chief Growth Officer

Sale62,000$49.00$3.0M
2025-07-25

Brian Raduenz

Director

Sale34,032$49.00$1.7M
2025-07-25

Anthony Koblinski

Chief Executive Officer

Sale250,000$49.00$12.3M
2025-07-25

Jonathan Beaudoin

Chief Operating Officer

Sale80,000$49.00$3.9M
2025-07-25

Michael Willis

Chief Financial Officer

Sale100,000$49.00$4.9M

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns KRMN

Institutional value

$4.69B

Total shares held

58.9M

Distinct holders

211

-72 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.5.0M$397.4M+509.5K (+11.4%)Added
2VANGUARD CAPITAL MANAGEMENT LLC4.6M$367.8MNew
3Lexington Partners L.P.4.4M$354.6M+0 (+0.0%)No change
4VANGUARD PORTFOLIO MANAGEMENT LLC4.3M$346.1MNew
5Invesco Ltd.4.2M$335.1M+97.8K (+2.4%)Added
6DONALDSON CAPITAL MANAGEMENT, LLC3.5M$280.3M+0 (+0.0%)No change
7FIRST TRUST ADVISORS LP2.9M$231.5M+93.6K (+3.3%)Added
8Falcon Wealth Planning2.6M$205.7MNew
9Mass General Brigham, Inc1.6M$125.0M+0 (+0.0%)No change
10UBS Group AG1.5M$120.7M+581.3K (+62.7%)Added
11PRUDENTIAL FINANCIAL INC1.4M$109.5M-235 (-0.0%)Trimmed
12FRANKLIN RESOURCES INC1.3M$102.6M+56.2K (+4.6%)Added
13TimesSquare Capital Management, LLC1.3M$101.3M-336.7K (-21.0%)Trimmed
14FEDERATED HERMES, INC.1.2M$98.4M+627.4K (+104.2%)Added
15Bank of New York Mellon Corp1.2M$95.2M-306.7K (-20.5%)Trimmed
16ROBERT WOOD JOHNSON FOUNDATION976.3K$78.2M+0 (+0.0%)No change
17WESTFIELD CAPITAL MANAGEMENT CO LP964.3K$77.2M+127.3K (+15.2%)Added
18Capital World Investors950.0K$76.0M-1.1M (-53.4%)Trimmed
19Lido Advisors, LLC926.0K$74.1M+922.8K (+28973.8%)Added
20Voya Investment Management LLC891.8K$71.4M+383.1K (+75.3%)Added

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once KRMN's latest filing finishes processing.