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Karman (KRMN) is a Industrials company in the Russell 1000. Latest news and coverage below.
One firm's current price target on Karman: $70. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $226.3M | $280.7M | $345.3M | $471.5M |
| Growth (year over year) | — | +24.0% | +23.0% | +36.6% |
| Gross profit | $80.9M | $105.5M | $132.1M | $190.0M |
| Gross margin | 35.8% | 37.6% | 38.3% | 40.3% |
| Operating income | $20.4M | $48.5M | $63.6M | $72.9M |
| Operating margin | 9.0% | 17.3% | 18.4% | 15.5% |
| Net income | −$14.1M | $4.36M | $12.7M | $17.4M |
| Net margin | −6.2% | 1.6% | 3.7% | 3.7% |
| EPS (diluted) | −$0.09 | $0.03 | $0.08 | $0.13 |
| Balance sheet | ||||
| Cash and equivalents | — | $5.45M | $11.5M | $34.0M |
| Total assets | — | $710.8M | $774.0M | $1.10B |
| Total liabilities | — | $528.4M | $578.0M | $721.4M |
| Shareholders' equity | $177.6M | $182.5M | $196.0M | $382.7M |
| Cash flow | ||||
| Operating cash flow | −$5.89M | $20.3M | $26.6M | −$22.1M |
| Capital expenditure | $21.3M | $16.8M | $15.3M | $20.3M |
| Free cash flow | −$27.2M | $3.55M | $11.4M | −$42.5M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $86.0M | $91.2M | $100.1M | $115.1M | $121.8M | $134.5M | $151.2M | $182.1M |
| Growth (year over year) | — | — | +20.6% | +35.3% | +41.7% | +47.4% | +51.0% | +58.2% |
| Gross profit | $33.8M | $34.7M | $39.5M | $47.0M | $49.9M | $53.6M | $63.9M | $78.2M |
| Gross margin | 39.3% | 38.1% | 39.4% | 40.9% | 41.0% | 39.9% | 42.2% | 43.0% |
| Operating income | $17.4M | $14.4M | $9.96M | $20.1M | $21.8M | $21.1M | $21.5M | $34.8M |
| Operating margin | 20.2% | 15.8% | 10.0% | 17.5% | 17.9% | 15.7% | 14.2% | 19.1% |
| Net income | $4.29M | $1.68M | −$4.80M | $6.81M | $7.64M | $7.71M | $7.79M | $14.0M |
| Net margin | 5.0% | 1.8% | −4.8% | 5.9% | 6.3% | 5.7% | 5.2% | 7.7% |
| EPS (diluted) | $0.03 | $0.01 | −$0.04 | $0.05 | $0.06 | $0.06 | $0.06 | $0.11 |
| Balance sheet | ||||||||
| Cash and equivalents | — | $11.5M | $113.7M | $27.4M | $18.7M | $34.0M | $73.8M | $51.7M |
| Total assets | — | $774.0M | $875.4M | $953.9M | $968.1M | $1.10B | $1.42B | $1.44B |
| Total liabilities | — | $578.0M | $526.5M | $592.5M | $599.0M | $721.4M | $1.01B | $1.02B |
| Shareholders' equity | $194.1M | $196.0M | $348.9M | $361.5M | $369.1M | $382.7M | $405.7M | $421.1M |
| Cash flow | ||||||||
| Operating cash flow | $9.87M | $7.56M | −$13.6M | −$17.4M | $131.0K | $8.71M | $209.0K | −$3.18M |
| Capital expenditure | $4.55M | $4.00M | $5.04M | $3.63M | $6.97M | $4.70M | $7.38M | $14.5M |
| Free cash flow | $5.32M | $3.56M | −$18.6M | −$21.0M | −$6.84M | $4.01M | −$7.17M | −$17.7M |
From Karman's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Oppenheimer initiates Karman Holdings stock rating at Outperform
Oppenheimer initiates Karman Holdings stock rating at Outperform
RBC cuts Karman Holdings stock price target on near-term caution
RBC cuts Karman Holdings stock price target on near-term caution