Added to YB: 2026-06-17
Pitch date: 2026-06-15
KRMN [neutral]
Karman Holdings Inc.
+6.73%
current return
Author Info
No bio for this author
Company Info
Karman Holdings Inc., through its subsidiary, engages in designing, testing, manufacturing, and sale of mission-critical systems in the United States.
Market Cap
$6.4B
Pitch Price
$48.44
Price Target
125.00 (+159%)
Dividend
N/A
EV/EBITDA
51.90
P/E
214.52
EV/Sales
13.76
Sector
Aerospace and Defense
Category
growth
Karman (KRMN): Overview after the halving
KRMN (overview): Defense/space 'picks & shovels' supplier, sole-source on 130+ programs. FY25 rev $471.5M (+37%), 30.8% EBITDA margin; Q1 FY26 rev $151M (+51%), backlog >$1B (+61%). Plays munitions replenishment, hypersonics, orbital data centers. At ~$50 (-50% from peak), ~12x sales, low-30s fwd EBITDA—pricey vs peers. Risk: rollup muddies GAAP, levered FCF -$41M. PTs $37-$125.
Read full article (4 min)