Karman Holdings Inc. (KRMN)Industrials | Aerospace & Defense | Huntington Beach, United States | NYSE
45.57 USD
-1.85
(-3.901%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 46.00 +0.43 (0.944%) ⇧ (Aug. 28, 2026, 7:52 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:52 a.m. EDT
The investment case for Karman Holdings is currently paralyzed by a disconnect between aggressive analyst targets and deteriorating operational reality. While management boasts 58% revenue growth and 106% earnings expansion, the balance sheet tells a different story: the company is burning cash with negative free flow, carrying debt nearly 208 times its equity, and trading at a premium valuation that ignores these risks. The market has seemingly priced in a turnaround, yet the lack of a multi-year price uptrend suggests skepticism remains deep. Compounding this uncertainty is the options market, where speculators are aggressively buying deep out-of-the-money puts, signaling a fear of a sharp correction rather than a rally toward the $135 target. With no dividend to cushion the blow and a fragile financial structure, the stock offers no margin of safety despite its high growth headline numbers. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.091414 |
| AutoARIMA | 0.112054 |
| AutoETS | 0.112056 |
| MSTL | 0.115458 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 3.96 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.189 |
| Excess Kurtosis | -0.99 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Debt to Equity Ratio | 207.854 |
| Revenue per Share | 4.452 |
| Market Cap | 6,039,561,216 |
| Trailing P/E | 175.27 |
| Forward P/E | 48.61 |
| Profit Margins | 6.31% |
| Previous Name | TCFIII Spaceco Holdings LLC |
| Website | https://karman-sd.com |
As of Aug. 22, 2026, 4:52 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 25, 35, 40, 45) compared to calls. While there is a notable call wall at 100, the volume and open interest in puts suggest a dominant bearish sentiment or a hedge against significant volatility, with implied volatility significantly elevated on the put side relative to the call side.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.12005937 |
| Address1 | 5,351 Argosy Avenue |
| All Time High | 118.38 |
| All Time Low | 25.025 |
| Ask | 46.37 |
| Ask Size | 500 |
| Audit Risk | 10 |
| Average Analyst Rating | 1.6 - Buy |
| Average Daily Volume10 Day | 1,864,890 |
| Average Daily Volume3 Month | 3,357,543 |
| Average Volume | 3,357,543 |
| Average Volume10Days | 1,864,890 |
| Bid | 45.53 |
| Bid Size | 100 |
| Board Risk | 8 |
| Book Value | 3.177 |
| City | Huntington Beach |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 6 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 45.57 |
| Current Ratio | 3.555 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 47.43 |
| Day Low | 45.53 |
| Debt To Equity | 207.854 |
| Display Name | Karman |
| Earnings Call Timestamp End | 1,786,048,200 |
| Earnings Call Timestamp Start | 1,786,048,200 |
| Earnings Growth | 1.118 |
| Earnings Quarterly Growth | 1.061 |
| Earnings Timestamp | 1,786,046,400 |
| Earnings Timestamp End | 1,793,908,800 |
| Earnings Timestamp Start | 1,793,908,800 |
| Ebitda | 153,924,992 |
| Ebitda Margins | 0.26108998 |
| Enterprise To Ebitda | 44.587 |
| Enterprise To Revenue | 11.641 |
| Enterprise Value | 6,863,085,056 |
| Eps Current Year | 0.58781 |
| Eps Forward | 0.93752 |
| Eps Trailing Twelve Months | 0.26 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 51.4578 |
| Fifty Day Average Change | -5.887802 |
| Fifty Day Average Change Percent | -0.11442001 |
| Fifty Two Week Change Percent | -12.005938 |
| Fifty Two Week High | 118.38 |
| Fifty Two Week High Change | -72.81 |
| Fifty Two Week High Change Percent | -0.61505324 |
| Fifty Two Week Low | 43.681 |
| Fifty Two Week Low Change | 1.8889999 |
| Fifty Two Week Low Change Percent | 0.043245345 |
| Fifty Two Week Range | 43.681 - 118.38 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,739,457,000,000 |
| Float Shares | 102,668,562 |
| Forward Eps | 0.93752 |
| Forward P E | 48.60696 |
| Free Cashflow | -57,195,876 |
| Full Exchange Name | NYSE |
| Full Time Employees | 1,400 |
| Fullday Change | -1.85 |
| Fullday Change Percent | -3.9013 |
| Fullday Price | 46.0 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.41667998 |
| Gross Profits | 245,652,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.06755 |
| Held Percent Institutions | 1.0527301 |
| Implied Shares Outstanding | 132,533,708 |
| Industry | Aerospace & Defense |
| Industry Disp | Aerospace & Defense |
| Industry Key | aerospace-defense |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Karman Holdings Inc., through its subsidiary, engages in designing, testing, manufacturing, and sale of mission-critical systems in the United States. The company offers payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. It serves its products to hypersonics and strategic missile defense, tactical missile and integrated defense systems, and space and launch markets. The company was incorporated in 2020 and is headquartered in Huntington Beach, California. Karman Holdings Inc. operates as a subsidiary of TCFIII Spaceco SPV LP. |
| Long Name | Karman Holdings Inc. |
| Market | us_market |
| Market Cap | 6,039,561,216 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1787101270 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | 37,183,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 6,284,748,433 |
| Number Of Analyst Opinions | 10 |
| Open | 46.71 |
| Operating Cashflow | 5,861,000 |
| Operating Margins | 0.20229 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 714 898 9951 |
| Post Market Change | 0.4300003 |
| Post Market Change Percent | 0.94360393 |
| Post Market Price | 46.0 |
| Post Market Time | 1,787,961,168 |
| Prev Name | TCFIII Spaceco Holdings LLC |
| Previous Close | 47.42 |
| Price Eps Current Year | 77.525055 |
| Price Hint | 2 |
| Price To Book | 14.34372 |
| Price To Sales Trailing12 Months | 10.244323 |
| Profit Margins | 0.06307 |
| Quick Ratio | 3.269 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.63636 |
| Region | US |
| Regular Market Change | -1.85 |
| Regular Market Change Percent | -3.9013 |
| Regular Market Day High | 47.43 |
| Regular Market Day Low | 45.53 |
| Regular Market Day Range | 45.53 - 47.43 |
| Regular Market Open | 46.71 |
| Regular Market Previous Close | 47.42 |
| Regular Market Price | 45.57 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 2,079,979 |
| Return On Assets | 0.05138 |
| Return On Equity | 0.09503 |
| Revenue Growth | 0.582 |
| Revenue Per Share | 4.452 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 132,533,708 |
| Shares Percent Shares Out | 0.0911 |
| Shares Short | 12,069,932 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 11,176,889 |
| Short Name | Karman Holdings Inc. |
| Short Percent Of Float | 0.0967 |
| Short Ratio | 3.14 |
| Source Interval | 15 |
| State | CA |
| Symbol | KRMN |
| Target High Price | 135.0 |
| Target Low Price | 37.0 |
| Target Mean Price | 87.1 |
| Target Median Price | 85.0 |
| Total Cash | 51,741,000 |
| Total Cash Per Share | 0.39 |
| Total Debt | 875,265,024 |
| Total Revenue | 589,552,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.26 |
| Trailing P E | 175.26924 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 72.3309 |
| Two Hundred Day Average Change | -26.760902 |
| Two Hundred Day Average Change Percent | -0.36997882 |
| Type Disp | Equity |
| Volume | 2,079,979 |
| Website | https://karman-sd.com |
| Zip | 92,649 |