Karman Holdings share price today

Karman Holdings Inc.'s share price was $34.17 at the close on 4 November 2026. It has been falling for 5 weeks. That is 45.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $33 and $109, and at that close it sat 2% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Karman Holdings Inc. is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 31 weeks running.

Over the last 1 year the share price moved +7% while the S&P 500 moved +26%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 April 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Karman Holdings Inc. pays no dividend. In the last 11 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Karman Holdings is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Karman Holdings Inc. earned $14.0 M of net profit in the Jun 2026 quarter, +106.1% on the same quarter a year earlier. Full-year FY25 profit was $17.4 M. That is 7.7% of the quarter's revenue. The same quarter a year earlier earned $6.8 M. 1 of the last 11 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was $17.4 M (+36.7% on the year before).

Why profit moved: revenue changed +58.2% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +180.8% and revenue +49.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

Karman Holdings Inc. reported $182 M of revenue in the Jun 2026 quarter, +58.2% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 3 years it has grown 27.7% a year on average. The last full year, FY25, came in at $472 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $590 M.

FY25 revenue was $472 M, +36.6% on the year before.

Recent pace: the last four quarters grew +49.6% on average, against 27.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Karman Holdings Inc.'s operating margin was 20.2% in the Jun 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Across 4 years it has been between 9.0% and 18.4%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.5 percentage points on the year while gross margin changed +2.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 72% of Karman Holdings Inc.'s reported profit came in as cash from its operations, so most of the profit is real cash. In FY25 its operations used $22.1 M of cash, against $17.4 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After $20.3 M of spending on assets, free cash was −$42.5 M: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Karman Holdings Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $52.4 M on assets over the last 3 years. Averaged over those years that is 3.7% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $52.4 M over the last 3 years.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Karman Holdings Inc.'s P/E is 126.5×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/E (the middle reading) is 741.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +70.7% while the price moved −51.7%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Karman Holdings Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Karman Holdings Inc. earned a ROE of 5% in FY25. That is up from a low of −8% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 3.7% net margin and 0.43× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 3.7% net margin × 0.43× asset turnover × 2.89× leverage (assets divided by equity) ≈ 4.6% on equity. The margin does its share; borrowing is a big part of it.

Karman Holdings Inc. has total debt of $875 M against shareholder equity of $421 M as of Jun 2026, so its debt is 2.08× its equity. Year by year, that ratio went from 2.27 in FY22 to 1.53 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

14.7% of Karman Holdings Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 3.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

For Karman Holdings Inc., the Z-score is 6.47. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 6.47 is well clear of the danger zone, so the balance sheet is not the risk here.

There is no score against its industry: Karman Holdings Inc. is not among the largest members shown in this industry comparison for Aerospace & Defense.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Karman Holdings is the 32nd largest of 61 Aerospace & Defense companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: AeroVironment, Inc., VSE Corporation and Planet Labs PBC. Just below it: Mercury Systems, Inc., AAR Corp. and MDA Space.

Aerospace & Defense companies close in size

29. AeroVironment, Inc. $5.7 billion
30. VSE Corporation $5.2 billion
31. Planet Labs PBC $4.6 billion
32. Karman Holdings Inc. $4.5 billion
33. Mercury Systems, Inc. $4.3 billion
34. AAR Corp. $4.3 billion
35. MDA Space Ltd. $4.3 billion

All 61 Aerospace & Defense companies, largest first

Companies close in size in other industries

1432. UniFirst Corporation $4.5 billion · Specialty Business Services
1433. Wingstop Inc. $4.5 billion · Restaurants
1434. Karman Holdings Inc. $4.5 billion
1435. Robert Half Inc. $4.5 billion · Staffing & Employment Services
1436. OPENLANE, Inc. $4.5 billion · Auto & Truck Dealerships

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.