Karman Holdings Inc. (KRMN) Key Metrics
KRMN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.60B
- Enterprise value
- $5.20B
- P/E (TTM)
- 119.6
- Forward P/E
- 41.3
- PEG ratio
- —
- Price / sales
- 7.8
- Price / book
- 10.4
- EV / EBITDA
- 33.0
- Dividend yield
- —
- Beta
- —
KRMN key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKRMN returns How much profit the business earns on the capital it uses.
KRMN per-share figures Results divided by the shares outstanding at year-end.
KRMN financial health Debt, liquidity and how easily interest is covered.
KRMN efficiency & capital use Working capital cycle and where the cash goes.
KRMN valuation history
KRMN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KRMN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KRMN cash returned to shareholders
KRMN price vs earnings per share
KRMN key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $9.68B | — | — | — |
| Enterprise value | $10.24B | — | — | — |
| P/E ratio | 557.5 | — | — | — |
| Price / sales | 20.5 | — | — | — |
| Price / book | 25.3 | — | — | — |
| EV / sales | 21.7 | — | — | — |
| EV / EBITDA | 85.4 | — | — | — |
| Earnings yield | 0.2% | — | — | — |
| Free cash flow yield | −0.4% | — | — | — |
| Share price at fiscal year-end | $73.17 | — | — | — |
| Per share | ||||
| Revenue per share | $3.56 | $2.61 | $2.12 | $1.71 |
| Earnings per share | $0.13 | $0.10 | $0.03 | −$0.11 |
| Operating cash flow per share | −$0.17 | $0.20 | $0.15 | −$0.04 |
| Free cash flow per share | −$0.32 | $0.09 | $0.03 | −$0.21 |
| Cash per share | $0.26 | $0.09 | $0.04 | $0.05 |
| Book value per share | $2.89 | $1.48 | $1.38 | $1.34 |
| Tangible book value per share | −$1.93 | −$1.80 | −$1.83 | −$1.98 |
| Dividends per share | — | $0.00 | $0.01 | $0.00 |
| Capex per share | $0.15 | $0.12 | $0.13 | $0.16 |
| Debt per share | $4.44 | $3.39 | $3.10 | $3.05 |
| Shares outstanding | 132.3M | 132.2M | 132.2M | 132.2M |
| Change in shares outstanding | +0.1% | 0.0% | 0.0% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | 6.0% | 6.7% | 2.4% | −7.9% |
| Return on invested capital (ROIC) | 5.0% | 9.2% | 8.4% | 2.8% |
| Return on assets (ROA) | 1.8% | 1.7% | 0.6% | −2.1% |
| Return on tangible assets | 3.4% | 3.7% | 1.5% | −5.8% |
| Free cash flow margin | −9.0% | 3.3% | 1.3% | −12.0% |
| Income quality (OCF / net income) | −1.27 | 2.10 | 4.66 | — |
| Financial health | ||||
| Total debt | $587.3M | $447.9M | $409.3M | $403.6M |
| Cash & short-term investments | $34.0M | $11.5M | $5.5M | $6.6M |
| Net debt | $553.3M | $436.3M | $403.9M | $397.0M |
| Debt / equity | 1.53 | 2.29 | 2.24 | 2.27 |
| Debt / assets | 0.51 | 0.58 | 0.58 | 0.59 |
| Net debt / EBITDA | 4.62 | 4.46 | 5.30 | 7.19 |
| Current ratio | 3.29 | 1.76 | 1.81 | 2.05 |
| Quick ratio | 3.17 | 1.67 | 1.70 | 2.01 |
| Interest coverage | 1.6 | 1.3 | 1.0 | 0.5 |
| Working capital | $202.7M | $87.1M | $70.6M | $61.4M |
| Invested capital | $936.0M | $632.3M | $586.3M | $574.6M |
| Tangible asset value | −$255.7M | −$238.1M | −$242.4M | −$261.6M |
| Net current asset value | −$468.6M | −$376.3M | −$370.7M | −$385.3M |
| Graham number | $2.92 | $1.79 | $1.01 | — |
| Graham net-net per share | −$4.11 | −$3.33 | −$3.13 | −$3.14 |
| Capital allocation | ||||
| Dividends paid | — | $155,911 | $788,592 | $109,352 |
| Share buybacks (net) | — | $155,911 | $788,592 | $109,352 |
| Dividend payout ratio | — | 1.2% | 18.1% | — |
| Dividends + buybacks / free cash flow | — | 2.7% | 44.4% | — |
| Capex / revenue | 4.3% | 4.4% | 6.0% | 9.4% |
| Capex / operating cash flow | — | 57.2% | 82.5% | — |
| Capex / depreciation | 0.48 | 0.47 | 0.62 | 0.61 |
| Stock-based compensation / revenue | 0.3% | 0.3% | 0.5% | 0.7% |
| SG&A / revenue | 18.2% | 12.9% | 13.0% | 13.3% |
| Efficiency | ||||
| Days sales outstanding | 153.8 | 159.8 | 161.7 | 175.7 |
| Days of inventory on hand | 13.3 | 16.9 | 12.6 | 5.7 |
| Days payables outstanding | 38.9 | 42.2 | 35.4 | 32.4 |
| Cash conversion cycle (days) | 128.3 | 134.4 | 138.9 | 148.9 |
| Receivables turnover | 2.37 | 2.28 | 2.26 | 2.08 |
| Payables turnover | 9.39 | 8.64 | 10.31 | 11.25 |
| Inventory turnover | 27.40 | 21.61 | 28.93 | 64.09 |
| Asset turnover | 0.49 | 0.47 | 0.40 | 0.33 |
| Average receivables | $198.7M | $151.1M | $124.3M | $108.9M |
| Average payables | $30.0M | $24.7M | $17.0M | $12.9M |
| Average inventory | $10.3M | $9.9M | $6.1M | $2.3M |
| Intangibles / total assets | 55.9% | 56.1% | 59.8% | 64.3% |
Computed from KRMN's annual financial statements (latest annual report filed April 3, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KRMN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Karman traded at 557.5 times earnings. Based on the latest twelve months, the trailing P/E is 119.6 and the forward P/E is 41.3. Karman earned a return on equity of 6.0% and a return on invested capital of 5.0% in fiscal 2025. It ended the year with $587.3 million of debt and $34.0 million in cash and short-term investments, net debt of $553.3 million.
See the KRMN income statement, the KRMN chart for price history, or the KRMN stock overview for the latest quote and news.
KRMN key metrics FAQ
What is Karman's P/E ratio?
Karman's trailing P/E ratio is 119.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 41.3. At the end of fiscal 2025 it was 557.5.
What is Karman's EV/EBITDA?
Karman's enterprise value was 85.4 times EBITDA at the end of fiscal 2025 (enterprise value $10.2 billion, EBITDA $119.8 million); the current EV/EBITDA is 33.0.
What is Karman's return on equity?
Karman's return on equity (ROE) was 6.0% in fiscal 2025: net income of $17.4 million on average shareholders' equity of $289.3 million.
What is Karman's ROIC?
Karman's return on invested capital was 5.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Karman have?
Karman had total debt of $587.3 million at the end of fiscal 2025, a debt-to-equity ratio of 1.53 and $553.3 million of net debt (4.62 times EBITDA).
What is Karman's free cash flow yield?
Karman generated -$42.5 million of free cash flow in fiscal 2025, a free cash flow yield of −0.4% on its market value at year-end ($9.7 billion).
What is Karman's current ratio?
Karman's current ratio was 3.29 at the end of fiscal 2025: current assets were 3.29 times current liabilities.