Karman Holdings Inc (KRMN)
NYSEIndustrialsAerospace & DefenseSnapshot 2026-09-04
$39.98-1.33%
Close 2026-09-04 · 1-day change
NYSEIndustrialsAerospace & DefenseSnapshot 2026-09-04
QuarterlyIQ Insights · KRMN
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within industrials on a research-validated quality screen. As of 2026-09-04.
The screen ranks KRMN against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated strong grew net income 67% of the time over the next year (vs 52% for the rest of the cohort, n=6958).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Raise full-year 2026 revenue expectations progressively, reflecting strong organic growth and backlog conversion.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $151.2 million in 2026-Q1 to $182.1 million in 2026-Q2, a 58.2% year-over-year increase. Management raised full-year 2026 revenue guidance from $720-$735 million in Q1 to $730-$745 million in Q2, indicating delivery and upward trajectory.
“the Company raises its expectations for total revenue to between $730 million and $745 million”
“the Company increases its expectations for total revenue to between $720 million and $735 million”
Raise full-year 2026 non-GAAP adjusted EBITDA guidance reflecting improved profitability and operational leverage.
Stated as a priority in 2 of last 2 quarters. Management raised 2026 adjusted EBITDA guidance from $208.5-$219.5 million in Q1 to $215-$222.5 million in Q2. Adjusted EBITDA increased 47.7% year over year in Q1 and 54.7% in Q2, showing delivery and positive trajectory.
Grow backlog and secure large multi-year contracts in space, missile defense, and maritime defense markets.
Stated as a priority in 2 of last 2 quarters. Backlog increased from $1.0 billion in 2026-Q1 to $1.3 billion in 2026-Q2, a 30% rise. Quarterly bookings reached nearly $500 million in Q2, including a large multi-year space contract, indicating delivery and strong momentum.
Pursue acquisitions to broaden defense market access and enhance technology capabilities, especially in maritime defense and composites.
Stated as a priority in 2 of last 2 quarters. The company completed acquisitions of Seemann Composites and MSC in early 2026 and agreed to acquire Walker Precision Engineering for $94 million in Q2, expanding market presence and capabilities, showing active execution on this priority.
Complete debt repricing transactions to lower annual interest costs and improve capital structure efficiency.
Newly stated in 2026-Q2. Management completed debt repricing expected to reduce annual interest expense by about $4 million. This is a recent development with no prior quarters stating this priority, indicating initial execution.
Over the trailing year it converted 0.22x of net income into operating cash flow. Historically, Industrials names rated fragile grew net income 48% of the time over the next year (vs 59% for the rest of the cohort, n=4997).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
27 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated volatile grew net income 58% of the time over the next year (vs 57% for the rest of the cohort, n=2592).
Not investment advice. As of 2026-09-04.
“raising 2026 outlook to $215 to $222.5 million in adjusted EBITDA”
“raising 2026 outlook to $208.5 to $219.5 million in adjusted EBITDA”
“Record backlog of $1.3 billion at the end of the second quarter of 2026, up 65% compared to the end of fiscal year 2025”
“Achieved record backlog of $1.0 billion at the end of the first quarter of 2026, up 61% compared to the end of the first quarter of 2025”
“Agreement to acquire Walker Precision Engineering for approximately $94 million, expanding presence into the European defense market”
“Acquired Seemann Composites and MSC in January 2026 to expand maritime defense market access”
“Completed debt repricing, expected to reduce annual interest expense by approximately $4 million”