Karman Holdings Inc. (KRMN)财务
NYSE · Industrials · Aerospace & Defense · 员工1,400人 · CEO Jonathan Rambeau
- 股价
- $39.95 -4.17%
- 市值
- $52.9亿
- 企业价值
- $61.2亿
- 最近财报
- Q2 '26 2026-08-11提交
- 下次财报
- 2026-11-05 EPS预期 $0.15
营收(TTM)$5.9亿+50.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)16.8%+1.1 百分点 对比去年同期营业利润 $9920万
净利润(TTM)$3720万+365.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$2770万+10.3% 对比去年同期资本支出 $3350万
稀释EPS(TTM)$0.28+372.5% 对比去年同期最近4个季度之和
净现金-$8.24亿-79.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $52.9亿 EV $61.2亿
- 营收
- $5.9亿 过去12个月
- 营收增速
- +57% FY2026年一致预期
- 净利润率
- 6.3% 净利润 / 营收,TTM
- P/E
- 140.2× 预期 68.3×(FY2026)
- P/S
- 9.0× 股价 / 营收,TTM
- EV / EBITDA
- 38.7× TTM
- 自由现金流
- -$2770万 过去12个月
- 净利润
- $3720万 过去12个月
- 营收预期
- $7.42亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $1.95亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-06):营收超预期1.1%,EPS 超预期6.8%营收$1.82亿,预期$1.8亿(+1.1%);EPS $0.14,预期$0.13(+6.8%)。
- 营收增长加速:同比58.2%Q2 '26营收$1.82亿,此前四个季度的平均值为43.9%。
- 营业利润率16.8%(TTM),较去年同期+1.1 百分点营收增长50.2%,营业利润增长60.3%。
- 税前利润的86.0%被营业外亏损吞噬税前利润$5330万,营业利润$9920万(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的5.7%(去年为4.4%)最近4个季度投入$3350万(同比+93.4%)。自由现金流-$2770万,相当于净利润的-74.4%。
- 稀释股数一年内增加0.2%Q2 '26稀释股数1.33亿,一年前为1.32亿。
- 净债务 $8.24亿现金 + 短期投资 $5170万,含租赁债务 $8.75亿;一年前净债务 $4.58亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $1.82亿 | $1.15亿 | +58.2% |
| 毛利率 | 43.0% | 40.9% | +2.1 百分点 |
| 营业利润 | $3480万 | $2010万 | +73.2% |
| 营业利润率 | 19.1% | 17.5% | +1.7 百分点 |
| 净利润 | $1400万 | $681万 | +106.1% |
| 稀释EPS | $0.11 | $0.05 | +114.0% |
| 经营现金流 | -$318万 | -$1740万 | +81.7% |
| 资本支出 | $1450万 | $363万 | +299.5% |
| 自由现金流 | -$1770万 | -$2100万 | +15.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $144万 | $0 | – |
实际 vs 一致预期
2026-08-06| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $1.82亿 | $1.8亿 | +1.1% |
| EPS(一致预期口径) | $0.14 | $0.13 | +6.8% |
来自2026-08-06发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $586万
- 资本支出
- -$3350万
- 股票回购
- $0
- 股息
- $0
- 收购
- -$2.96亿
- 债务净发行
- $2.21亿
- 股权激励费用
- $144万
- 自由现金流
- -$2770万
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 140.2× | 595.4× 4年中的3年 | 312.7× – 910.6× |
| EV / EBITDA | 38.7× | 66.7× | 45.0× – 85.4× |
| EV / 营收 | 10.4× | 17.3× | 12.8× – 21.7× |
| 股价 / FCF | -191.3× | 733.5× 4年中的2年 | 348.6× – 1,118.4× |
| 股价 / 净资产 | 12.6× | 22.4× | 20.3× – 25.3× |
| FCF收益率 | -0.5% | -0.2% | -0.7% – 0.3% |
| 投入资本回报率 | 5.1% | 5.6% | 2.6% – 8.4% |
| 净资产收益率 | 9.4% | 1.4% | -7.9% – 6.5% |
分析师
一致目标价 $75.60 (+89.2%)
区间 $40.00 – $100.00 · 评级 Buy
强烈买入0
买入8
持有0
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $7.42亿 | +57.4% | $0.58 | +349.6% | 68.3× | 8 |
| FY2027 | $9.53亿 | +28.4% | $0.96 | +63.9% | 41.7× | 8 |
| FY2028 | $12亿 | +26.2% | $1.36 | +42.0% | 29.4× | 4 |
| FY2029 | $13.4亿 | +11.4% | $0.00 | -100.0% | – | 1 |
| FY2030 | $15.5亿 | +16.0% | $0.00 | – | – | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Karman Holdings Inc.在近期10-Q / 10-K文件中标记的全部234项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $4540万 | $2810万 | +61.8% | $3160万 | $2830万 | +11.8% |
| Accounts Receivable, after Allowance for Credit Loss | $1.15亿 | – | – | – | – | – |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.15亿 | $5790万 | +98.5% | $7870万 | $5520万 | +42.5% |
| Accounts Receivable, Allowance for Credit Loss | $127万 | $67.6万 | +87.3% | $88.3万 | $71.2万 | +24.0% |
| Accounts Receivable, before Allowance for Credit Loss | $1.16亿 | – | – | $7960万 | $5590万 | +42.3% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $30.8万 | $8.9万 | +246.1% | $101万 | $26.8万 | +278.4% |
| Accrued Income Taxes, Current | $208万 | $1510万 | -86.2% | $530万 | $2010万 | -73.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $4670万 | $3280万 | +42.7% | $3940万 | $2700万 | +46.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $7.5万 | $7.5万 | 0.0% | $7.5万 | $7.5万 | 0.0% |
| Additional Paid in Capital | $3.9亿 | $3.68亿 | +6.1% | $3.73亿 | $2.04亿 | +82.8% |
| Amortization of Debt Issuance Costs | $51.7万 | $20.2万 | +155.9% | $133万 | $230万 | -42.3% |
| Amortization of Intangible Assets | – | – | – | $2320万 | $1690万 | +37.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,000 | 0 | – | 0 | 0 | – |
| Assets | $14.4亿 | $9.54亿 | +51.4% | $11亿 | $7.74亿 | +42.7% |
| Assets, Current | $3.85亿 | $2.42亿 | +59.0% | $2.91亿 | $2.02亿 | +44.5% |
| Business Combination, Contingent Consideration, Liability | – | – | – | $02024-12-31 | – | – |
| Business Combination, Contingent Consideration, Liability, Noncurrent | – | – | – | $02024-12-31 | – | – |
| Cash and Cash Equivalents, at Carrying Value | $5170万 | $2740万 | +88.6% | $3400万 | $1150万 | +194.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $5170万 | $2740万 | +88.6% | $3400万 | $1150万 | +194.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2210万 | -$8620万 | +74.4% | $2240万 | $608万 | +269.2% |
| Cash, FDIC Insured Amount | $25万2025-12-31 | $25万 | 0.0% | $25万 | $25万 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 1.33亿 | 1.32亿 | +0.2% | 1.32亿 | 0 | – |
| Common Stock, Shares, Outstanding | 1.33亿 | 1.32亿 | +0.2% | 1.32亿 | 0 | – |
| Common Stock, Value, Issued | $13.3万 | $13.2万 | +0.8% | $13.2万 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | – | – | – | $1740万 | $1270万 | +36.7% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $1.87亿 | $1.34亿 | +40.1% | $1.56亿 | $1.07亿 | +45.8% |
| Contract with Customer, Asset, Increase (Decrease) for Contract Acquired in Business Combination | $6630万 | $3910万 | +69.6% | $1.46亿 | $9640万 | +51.0% |
| Contract with Customer, Asset, Reclassified to Receivable | $4860万 | $2770万 | +75.5% | $9650万 | $7840万 | +23.1% |
| Contract with Customer, Liability, Current | $2620万 | $1990万 | +31.4% | $2280万 | $2990万 | -23.6% |
| Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination | $1330万 | $724万 | +84.0% | $2290万 | $1990万 | +15.0% |
| Contract with Customer, Liability, Revenue Recognized | -$1290万 | -$1330万 | +3.2% | -$3000万 | -$2610万 | -14.7% |
| Cost of Goods and Services Sold | $1.04亿 | $6810万 | +52.5% | $2.81亿 | $2.13亿 | +32.1% |
| Cost, Depreciation and Amortization | $286万2026-03-31 | $267万 | +7.0% | $1130万 | $883万 | +28.1% |
| Cost, Direct Labor | $3940万2026-03-31 | $2770万 | +42.5% | $1.15亿 | $9540万 | +20.6% |
| Cost, Direct Material | $3950万2026-03-31 | $2620万 | +50.4% | $1.34亿 | $9180万 | +45.4% |
| Cost, Overhead | $560万2026-03-31 | $409万 | +36.8% | $2160万 | $1710万 | +26.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $67.3万 | $1100万 | -93.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $464万 | $1310万 | -64.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $397万 | $216万 | +83.6% |
| Debt Issuance Costs, Net | $1150万 | $634万 | +82.1% | $762万 | $305万 | +149.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $971万 | -$1010万 | +196.2% |
| Deferred Income Tax Expense (Benefit) | -$17.1万 | -$179万 | +90.4% | $1050万 | -$1150万 | +191.4% |
| Deferred Income Tax Liabilities, Net | $4560万 | $2470万 | +84.9% | $4780万 | $2540万 | +88.5% |
| Deferred Offering Costs | $02025-12-31 | $1220万 | -100.0% | $0 | $1220万 | -100.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $80.9万 | -$142万 | +156.9% |
| Deferred Tax Assets, Gross | $3860万2025-12-31 | $4410万 | -12.6% | $3860万 | $4410万 | -12.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $3860万2025-12-31 | $4410万 | -12.6% | $3860万 | $4410万 | -12.6% |
| Deferred Tax Assets, Other | $75.9万2025-12-31 | $64.8万 | +17.1% | $75.9万 | $64.8万 | +17.1% |
| Deferred Tax Assets, State Taxes | $114万2025-12-31 | $47.5万 | +139.2% | $114万 | $47.5万 | +139.2% |
| Deferred Tax Assets, Valuation Allowance | $02025-12-31 | $0 | – | $0 | $0 | – |
| Deferred Tax Liabilities, Gross | $8640万2025-12-31 | $6950万 | +24.3% | $8640万 | $6950万 | +24.3% |
| Deferred Tax Liabilities, Intangible Assets | $5240万2025-12-31 | $4340万 | +20.7% | $5240万 | $4340万 | +20.7% |
| Deferred Tax Liabilities, Leasing Arrangements | $1860万2025-12-31 | $1760万 | +5.2% | $1860万 | $1760万 | +5.2% |
| Deferred Tax Liabilities, Net | $4780万2025-12-31 | $2540万 | +88.5% | $4780万 | $2540万 | +88.5% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | $130万 | $80万 | +62.5% | $390万 | $260万 | +50.0% |
| Depreciation | $390万 | $300万 | +30.0% | $1240万 | $960万 | +29.2% |
| Depreciation, Depletion and Amortization, Nonproduction | $1520万 | $972万 | +56.1% | $4270万 | $3280万 | +30.3% |
| Dilutive Securities, Effect on Basic Earnings Per Share | $02025-12-31 | $0 | – | $0 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31
数据截至 2026-11-02