{ "ok": true, "cik": "2040127", "ticker": "KRMN", "name": "KARMAN HOLDINGS INC.", "filings": [ { "form": "8-K", "filed": "2026-09-16", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2040127/000119312526392480/0001193125-26-392480-index.htm" }, { "form": "8-K", "filed": "2026-08-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2040127/000119312526374378/0001193125-26-374378-index.htm" }, { "form": "8-K", "filed": "2026-08-27", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2040127/000119312526369561/0001193125-26-369561-index.htm" }, { "form": "10-Q", "filed": "2026-08-11", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2040127/000204012726000024/0002040127-26-000024-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2040127/000204012726000018/0002040127-26-000018-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2040127/000119312526336486/0001193125-26-336486-index.htm" } ], "events12m": 17, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002040127.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2040127" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up KARMAN HOLDINGS INC. ($KRMN). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-16. 17 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-06-11.", "auditor": { "changes": [ { "filed": "2026-06-11", "url": "https://www.sec.gov/Archives/edgar/data/2040127/000119312526267832/0001193125-26-267832-index.htm" }, { "filed": "2025-06-06", "url": "https://www.sec.gov/Archives/edgar/data/2040127/000095017025083096/0000950170-25-083096-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 471500000, "revenueGrowth1y": 0.36567309001277337, "revenueGrowthPerYear": 0.2771293577891456, "yearsOfData": 4, "operatingMargin": 0.15470201484623541, "operatingMarginPrior": 0.18409794613194458, "netMargin": 0.036831389183457054, "operatingCashFlow": -22119000, "capitalSpending": 20336000, "freeCashFlow": -42455000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 33959000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2022-12-31", "revenue": 226310299 }, { "fiscalYearEnd": "2023-12-31", "revenue": 280705000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 345251000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 471500000 } ], "totalEquity": 382691000, "totalAssets": 1104096000, "equityRatio": 0.3466102585282439, "returnOnEquity": 0.04537864752502672, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 491467740.9887044, "high": 789912274.3730724, "baseline": 623057480.9694529, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 491467740.9887044, "high": 789912274.3730724 } }, "edgarette": "🔖 Exposure: revenue $471.5M (FY2025). Experience: revenue up 36.6% on the year, up 27.7% a year over 3 years; operating margin 15.5%, down from 18.4%. Soundness: equity 34.7% of assets, return on equity 4.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $491.5M and $789.9M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (17 filers, $50M+ revenue, its industry group): operating margin 15.5% against a 8.9% median; growth 36.6% against 9.7%.", "peers": { "sic": 3728, "sicDescription": "Aircraft Parts & Auxiliary Equipment, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "372", "growth": [ 0.0974, 17 ], "opMargin": [ 0.0886, 17 ], "equityRatio": [ 0.4344, 17 ], "returnOnEquity": [ 0.0454, 15 ] }, "summary": "Karman Holdings (KRMN) grew revenue 36.6% in FY2025 to $472 million, operating margin 15.5% against a 8.9% median for aircraft parts & auxiliary equipment, nec, equity 34.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
KARMAN HOLDINGS INC. against its own record and its peers
Operating marginPeer median 8.9%15.5%Revenue, on the yearPeer median 9.7%36.6%Equity of assetsPeer median 43.4%34.7%Return on equityPeer median 4.5%4.5%Gold tick: the median of 15–17 peers with $50M+ revenue in aircraft parts & auxiliary equipment, nec
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:55.173Z", "hash": "06d4e374f47969e3", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Karman Holdings (KRMN) grew revenue 36.6% in FY2025 to $472 million, operating margin 15.5% against a 8.9% median for aircraft parts & auxiliary equipment, nec, equity 34.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 471500000, "totalDebt": null, "cash": 33959000 }, "experience": { "revenueGrowth1y": 0.36567309001277337, "revenueGrowthPerYear": 0.2771293577891456, "operatingMargin": 0.15470201484623541, "operatingMarginPrior": 0.18409794613194458, "netMargin": 0.036831389183457054, "freeCashFlow": -42455000 }, "soundness": { "equityRatio": 0.3466102585282439, "returnOnEquity": 0.04537864752502672, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3728, "sicDescription": "Aircraft Parts & Auxiliary Equipment, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "372", "growth": [ 0.0974, 17 ], "opMargin": [ 0.0886, 17 ], "equityRatio": [ 0.4344, 17 ], "returnOnEquity": [ 0.0454, 15 ] }, "credibility": { "auditedYears": 4, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-06-11", "url": "https://www.sec.gov/Archives/edgar/data/2040127/000119312526267832/0001193125-26-267832-index.htm" } }, "range": { "low": 491467740.9887044, "high": 789912274.3730724, "baseline": 623057480.9694529, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:55.173Z", "hash": "06d4e374f47969e3", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002040127.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2040127" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }