Karman Holdings Inc.

KRMN

KRMNKarman Holdings Inc. US flag

New York Stock Exchange

51.84

USD

-2.81

- -

6.87BMarket Cap

Income Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	226	281	345	472
+ Sales & Services Revenue	226	281	345	472
- Cost of Revenue	145	175	213	281
+ Cost of Goods & Services	145	175	213	281
Gross Profit	81	106	132	190
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	61	57	69	117
+ Selling, General & Admin	30	37	44	86
+ Research & Development	- -	- -	- -	- -
+ Other Operating Expense	30	20	24	31
Operating Income (Loss)	20	48	64	73
- Non-Operating (Income) Loss	38	47	49	40
+ Interest Expense, Net	38	48	51	45
+ Interest Expense	38	48	51	45
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-1	-2	-4
Pretax Income	-17	1	14	33
- Income Tax Expense (Benefit)	-3	-3	2	15
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-14	4	13	17
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -
Income (Loss) Incl. MI	-14	4	13	17
- Minority Interest	- -	- -	- -	- -
Net Income, GAAP	-14	4	13	17
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-14	4	13	17
EBIT	20	48	64	73
EBITDA	55	76	96	116
EBITDA Margin (%)	24.49	26.96	27.91	24.53
EBITA	20	48	64	73
Gross Margin (%)	35.77	37.6	38.27	40.3
Operating Margin (%)	9.03	17.28	18.41	15.47
Profit Margin (%)	-6.23	1.55	3.68	3.68
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	0.01	- -	- -
Depreciation Expense	35	27	33	43
Basic Weighted Avg Shares	124	124	132	132
Basic EPS, GAAP	-0.11	0.04	0.1	0.13
Basic EPS from Cont Ops	-0.11	0.04	0.1	0.13
Diluted Weighted Avg Shares	124	124	132	132
Diluted EPS, GAAP	-0.11	0.04	0.1	0.13
Diluted EPS from Cont Ops	-0.11	0.04	0.1	0.13

Balance Sheet (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	120	158	202	291
+ Cash, Cash Equivalents & STI	7	5	12	34
+ Cash & Cash Equivalents	7	5	12	34
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	109	140	162	235
+ Accounts Receivable, Net	48	51	55	79
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	61	89	107	156
+ Inventories	2	10	10	11
+ Raw Materials	2	10	9	8
+ Work In Process	- -	- -	- -	2
+ Finished Goods	- -	- -	- -	1
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	2	3	18	12
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	563	553	572	813
+ Property, Plant & Equip, Net	122	127	137	168
+ Property, Plant & Equip	132	145	164	207
- Accumulated Depreciation	10	18	27	39
+ LT Investments & Receivables	1	- -	- -	- -
+ LT Investments	1	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	440	426	435	645
+ Total Intangible Assets	439	425	434	638
+ Goodwill	217	217	225	353
+ Other Intangible Assets	222	208	209	286
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	1	1	1	7
Total Assets	683	711	774	1,104
+ Payables & Accruals	21	41	72	56
+ Accounts Payable	13	21	28	32
+ Accrued Taxes	2	8	20	5
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	6	12	24	19
+ ST Debt	12	10	13	10
+ ST Borrowings	6	6	7	4
+ ST Finance Leases	6	4	6	6
+ Other ST Liabilities	25	36	30	23
+ Deferred Revenue	16	36	30	23
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	9	- -	- -	- -
Total Current Liabilities	58	87	115	89
+ LT Debt	391	399	435	577
+ LT Borrowings	320	318	352	495
+ LT Finance Leases	71	81	83	82
+ Other LT Liabilities	55	42	28	55
+ Accrued Liabilities	48	37	25	48
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	8	5	3	8
Total Noncurrent Liabilities	447	441	463	633
Total Liabilities	505	528	578	721
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	204	374
+ Common Stock	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	204	373
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	-25	-21	-8	9
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	178	182	196	383
+ Minority/Non Controlling Interest	- -	- -	- -	- -
Total Equity	178	182	196	383
Total Liabilities & Equity	683	711	774	1,104
Shares Outstanding	132	132	132	132
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	77	85	89	88
Net Debt	320	319	348	465
Net Debt to Equity	180.11	174.74	177.31	121.56
Tangible Common Equity Ratio	-107.51	-84.74	-70.06	-54.91
Current Ratio	2.05	1.81	1.76	3.29
Cash Conversion Cycle	- -	42.54	30.59	26.41

Cash Flow Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-14	4	13	17
+ Depreciation & Amortization	35	27	33	43
+ Non-Cash Items	-5	-7	-9	11
+ Stock-Based Compensation	2	1	1	1
+ Deferred Income Taxes	-10	-11	-12	11
+ Asset Impairment Charge	- -	- -	- -	- -
+ Other Non-Cash Adj	3	3	2	-1
+ Chg in Non-Cash Work Cap	-21	-5	-10	-93
+ (Inc) Dec in Accts Receiv	-35	-31	-20	-67
+ (Inc) Dec in Inventories	2	8	- -	3
+ (Inc) Dec in Prepaid Assets	-9	-16	-15	7
+ Inc (Dec) in Accts Payable	11	14	32	-29
+ Inc (Dec) in Other	9	20	-6	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-6	20	27	-22
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-21	-17	-15	-20
+ Acq of Fixed Prod Assets	-21	-17	-15	-20
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	32	-1	- -	155
+ Increase in Capital Stock	32	- -	- -	155
+ Decrease in Capital Stock	- -	-1	- -	- -
+ Net Change in LT Investment	- -	1	- -	-6
+ Dec in LT Investment	- -	1	- -	- -
+ Inc in LT Investment	- -	- -	- -	-6
+ Net Cash From Acq & Div	- -	- -	-31	-212
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-31	-212
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	-21	-16	-46	-238
+ Dividends Paid	- -	-1	- -	- -
+ Net Cash From Debt	-15	2	28	137
+ Cash From Debt	18	42	76	535
+ Repayments of Debt	-32	-40	-49	-398
+ Other Financing Activities	- -	-5	-2	-9
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	17	-5	26	283
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	-10	-1	6	22
EBITDA	55	76	96	116
EBITDA Margin (%)	24.49	26.96	27.91	24.53
Free Cash Flow	-27	4	11	-42
Net Cash Paid for Acquisitions	- -	- -	31	212
Free Cash Flow to Firm	- -	- -	56	-19
Free Cash Flow to Equity	- -	5	39	94
Free Cash Flow per Basic Share	-0.22	0.03	0.09	-0.32
Price/Free Cash Flow	- -	- -	- -	-5,430.17
Cash Flow to Net Income	0.42	4.66	2.1	-1.27
Capital Expenditures	-21	-17	-15	-20