Karman Holdings Inc. (KRMN) - Stock Analysis
Last updated: Mar 14, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Karman Space & Defense offers 42% YoY revenue growth, raised 2025 guidance, strong $758M backlog, profitable outlook, and robust technical momentum (+26% in 3 weeks). Defense and commercial space demand supports near-term price appreciation with strategic acquisition enhancing growth.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Improved liquidity ⢠Thin profitability ⢠Stretched multiples KRMN has materially stronger liquidity and lower leverage but only modest, inconsistent profitability and cash conversion, while market multiples are extremely stretched relative to current earnings.
Price Behavior
Key Price Behavior Insights: ⢠Short-term uptrend ⢠RSI near-oversold ⢠High intramonth volatility Support Level: $81 (low-$80s) Resistance Level: $106 and $110â$115 Price has rebounded from midâFebruary lows, closing well above the last month SMA (~$90.4) at $99.98 on 2026-03-13 while RSI near 31 implies room for a technical bounce but high intramonth volatility leaves downside risk to the low-$80s and immediate resistance at $106 with a higher band at $110â$115.
Sentiment & News
Key News Insights: ⢠Production expansion ⢠M&A-fueled growth ⢠CEO succession Karman Holdings is accelerating defense-driven growth via acquisitions and a new Utah production facility, while a CEO transition and strong analyst buy ratings contrast with a modest institutional stake trim.
AI Summary
Karman has morphed into a capacityâled, highâstakes Pentagon supplier where the stock already prices multiâyear missile/UAS/maritime ramp, so investors should treat it as a leveraged, integrationâdependent play and tightly monitor nearâterm operational milestones (facility openings, contract production volumes, quarterâtoâquarter cash conversion and debt servicing) because missed ramps or integration shortfalls would rapidly compress valuation and equity downside.
Description
Karman Holdings Inc., through its subsidiary Karman Space and Defense, designs, tests, manufactures and sells systems and components for missile, defense, space, hypersonic and launch vehicle markets, including metallic and composite flight hardware as well as payload handling, interstage aerodynamic and propulsion solutions. The company was incorporated in 2020 and is based in Huntington Beach, California. Karman Holdings is a subsidiary of TCFIII Spaceco SPV LP.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Dec 25 | Jan 1 | KRMN | Karman Holdings Inc. | Karman Space & Defense offers 42% YoY revenue growth, raised 2025 guidance, strong $758M backlog, profitable outlook, and robust technical momentum (+26% in 3 weeks). Defense and commercial space demand supports near-term price appreciation with strategic acquisition enhancing growth. | Closed | -9.4% |