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Is Karman Holdings Inc. (KRMN) tradable as a perp? Not right now

Karman Holdings Inc. designs, tests and produces critical systems and aerospace-grade metallic and composite flight hardware for missile and defense, space programs, hypersonic flight and launch vehicles.

Currently not listed on any perp exchange

KRMN traded as a perpetual on MEXC until October 20, 2026. No venue lists it at the moment; we keep tracking it, and with the next listing this page becomes a full market page again. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
VISTTTDWANGSUFPSJOBYRIG

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Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-05 · Updated 2h ago
All financials →

Valuation & key figures

Market cap
$6B
Updated 2h ago
Revenue
$669.4M
Trailing 12 months
Revenue growth
+57%
Next fiscal year
Profit margin
+7.5%
P/E
117.8
Peer P/E 11.5
P/S
9.0
Peer P/E
11.5
Similar listed perps
Free cash flow
-$7.5M
Trailing 12 months
Net income
$50.4M
Trailing 12 months
Revenue estimate
$742.2M
Next fiscal year
Earnings
2027-03-24
Revenue est. $214.2M · Updated 2h ago
Dividend
-
Revenue (TTM)$669M+56.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)16.3%+0.8 pp vs a year agoOperating income $109M
Net income (TTM)$50.4M+345.0% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$7.46M+82.6% vs a year agoCapex $39.9M
Diluted EPS (TTM)$0.39+352.2% vs a year agoSum of the last 4 quarters
Net cash-$89.4M+80.8% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-05): revenue beat by 3.5%, EPS beat by 26.2%Revenue $202M vs $195M expected (+3.5%); EPS $0.19 vs $0.15 (+26.2%).
  • Revenue growth accelerating: 65.6% year on yearQ3 '26 revenue $202M, against an average of 49.6% over the four quarters before.
  • Operating margin 16.3% (TTM), +0.8 pp on a year agoOperating income grew 64.7% while revenue grew 56.3%.
  • 99.2% of pre-tax profit is eaten by non-operating lossesPre-tax income $54.8M vs operating income $109M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 234 lines Karman Holdings Inc. reported to the SEC

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.58$742.2M+57%8
FY 20270.96$953.3M+102%8
FY 20281.36$1.2B+155%4
FY 20290.00$1.3B+184%1
FY 20300.00$1.6B+230%1
Q1 20270.19$211.1M+40%5

Company events

6
2027-03-24EarningsActual - / Estimate 0.21-
2026-11-05Earnings · After market closeActual 0.19 / Estimate 0.15Beat
2026-08-06EarningsActual 0.14 / Estimate 0.13Beat
2026-05-12EarningsActual 0.11 / Estimate 0.12Miss
2026-03-25EarningsActual 0.11 / Estimate 0.11In line
2025-11-06EarningsActual 0.1 / Estimate 0.11Miss

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
VIST$6B1.57.6+20.0%4TTD$6.1B2.015.4+13.6%2WANGSU$6B8.351.9+15.8%1FPS$5.9B4.268.5+5.8%1JOBY$5.9B39.6-8.1-462.8%2RIG$5.9B1.520.2+7.3%1KOD$6.2B--23.70.0%3HIMS$5.8B2.3-42.6-5.5%19

Analyst track record

How the analysts covering KRMN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings78119
Analysts1618
Buy / hold / sell72 / 1 / 5113 / 1 / 5
Upgrades / downgrades / initiations1 / 0 / 111 / 0 / 18
Price targets hit / missed0 / 60 (0%)0 / 85 (0%)
Avg. return after a rating (TipRanks)-59.5%-51.7%
Best / worst call-10.4% / -75.4%-5.2% / -75.4%

After buy calls on this stock: median 21-day move -4.2% vs S&P 500 -6.9% (n = 110)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Kenneth HerbertRBC Capital100% hit rate on this stock · 9 targets measuredBuytarget $60.00Nov 6, 2026

Latest ratings

DateAnalystCallTarget
Nov 6, 2026Michael LeshockKeyBancBuyMaintained$65.00article ↗
Nov 6, 2026Clarke JeffriesPiper SandlerBuyReiterated$60.00
Nov 6, 2026Kenneth HerbertRBC CapitalBuyMaintained$60.00
Nov 2, 2026Michael LeshockKeyBancBuyMaintained$65.00
Oct 28, 2026Kenneth HerbertRBC CapitalBuyMaintained$60.00article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$40.00$60.00$80.00$100$120Dec 25 · Buy 9 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 8 · Hold 1 · Sell 1Feb 26 · Buy 8 · Hold 1 · Sell 1Feb 26Mar 26 · Buy 9 · Hold 0 · Sell 1Apr 26 · Buy 9 · Hold 0 · Sell 1Apr 26May 26 · Buy 10 · Hold 0 · Sell 1Jun 26 · Buy 10 · Hold 0 · Sell 1Jun 26Jul 26 · Buy 10 · Hold 0 · Sell 1Aug 26 · Buy 10 · Hold 0 · Sell 1Aug 26Sep 26 · Buy 10 · Hold 0 · Sell 1Oct 26 · Buy 14 · Hold 0 · Sell 1Oct 26Nov 26 · Buy 14 · Hold 0 · Sell 1Dec 25 · avg. target $80.13Jan 26 · avg. target $100Feb 26 · avg. target $100Mar 26 · avg. target $116Apr 26 · avg. target $116May 26 · avg. target $104Jun 26 · avg. target $104Jul 26 · avg. target $101Aug 26 · avg. target $91.20Sep 26 · avg. target $77.00Oct 26 · avg. target $72.14Nov 26 · avg. target $72.14Dec 25 · month-end close $73.17Jan 26 · month-end close $104Feb 26 · month-end close $88.11Mar 26 · month-end close $80.05Apr 26 · month-end close $67.98May 26 · month-end close $57.50Jun 26 · month-end close $49.92Jul 26 · month-end close $48.15Aug 26 · month-end close $41.45Sep 26 · month-end close $32.42Oct 26 · month-end close $39.95Nov 26 · month-end close $39.95

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 6, 2026 · 78 ratings