Added to YB: 2026-10-07
Pitch date: 2026-10-01
KRMN [bullish]
Karman Holdings Inc.
+5.44%
current return
Author Info
Monte Independent Investment Research is a small- and mid-cap industrials research firm that specializes in uncovering value in small- and mid-cap industrials through a hybrid research approach that blends top-down market analysis with bottom-up company fundamentals. Sign up for the newsletter.
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
$4.4B
Pitch Price
$32.15
Price Target
133.00 (+292%)
Dividend
N/A
EV/EBITDA
33.21
P/E
122.28
EV/Sales
8.82
Sector
Aerospace and Defense
Category
growth
Karman Holdings q2’26 Earnings Update
KRMN: Karman’s valuation has compressed from 106x to 28.9x EV/adjusted EBITDA after a roughly 65% share decline, while Q2 revenue grew 58%, operating margin expanded 166 bps, and backlog reached $1.3B at a 2.62x book-to-bill. The $133 target assumes 63x FY27 EV/adjusted EBITDA; upside depends on continued margin-accretive growth and remediation of material internal-control weaknesses, with work expected into early FY27.
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