Karman Holdings Inc.
Karman Holdings Inc. (NYSE: KRMN) designs, tests, manufactures and sells mission-critical systems for missile, defense and space programs, primarily serving prime contractors. Its integrated solutions span payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems, including… From the company’s description.
In fiscal 2025, Karman Holdings Inc. reported revenue of $471.50M, up 36.6% from fiscal 2024, and net income of $17.37M. Its operating margin was 15.5%, and operations used $22.12M in cash. Over the twelve months to Sep 30, 2026, revenue was $669.39M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Karman Holdings Inc. does
In the company’s own words
Karman Holdings Inc. (NYSE: KRMN) designs, tests, manufactures and sells mission-critical systems for missile, defense and space programs, primarily serving prime contractors. Its integrated solutions span payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems, including solid rocket motors, rocket-motor subsystems and advanced composites. The company serves three core end markets: Hypersonics & Strategic Missile Defense, Tactical Missiles & Integrated Defense Systems, and Space & Launch; in 2025, revenue was distributed relatively evenly across them. Karman supports more than 130 active programs and serves approximately 80 customers. It operates about 808,000 square feet of design, engineering, testing and manufacturing space, with approximately 1,400 employees as of December 31, 2025. Revenue was $471.5 million for the fiscal year ended December 31, 2025. The business was assembled through acquisitions beginning with the 2020 merger of Aerospace Engineering and AMRO, followed by additional acquisitions that broadened its engineering and manufacturing capabilities.
Company details
- Sector
- Industrials
- Industry (SIC)
- Transportation Equipment
- Headquarters
- HUNTINGTON BEACH, CA
- Fiscal year end
- December
- CIK
- 2040127
- SIC
- 3728
Financial performance, year by year
Fiscal 2024–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Karman Holdings Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Karman Holdings Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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