Added to YB: 2026-09-04
Pitch date: 2026-09-02
KRMN [neutral]
Karman Holdings Inc.
-1.53%
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
$5.4B
Pitch Price
$41.15
Price Target
N/A
Dividend
N/A
EV/EBITDA
40.04
P/E
152.16
EV/Sales
10.63
Sector
Aerospace and Defense
Category
growth
Karman Holdings ($KRMN) — September ‘26 Investment Memo
KRMN (quick overview): Karman supplies mission-critical systems and subsystems for tactical missiles, hypersonics, missile defense, space launch and maritime defense, with a strategy to own more content across more programs. Organic growth exceeds 20%, backlog is at a record and adjusted EBITDA margins are about 30%. The unresolved issues are durability, valuation and whether this newly public, acquisition-heavy and leveraged company can convert EBITDA growth into meaningful free cash flow and owner earnings.
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