Karman Holdings Inc. (KRMN) - Net Assets
Based on the latest financial reports, Karman Holdings Inc. (KRMN) has net assets worth $369.12 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($968.08 Million) and total liabilities ($598.96 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read KRMN total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $369.12 Million |
| % of Total Assets | 38.13% |
| Annual Growth Rate | 5.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.34 |
Karman Holdings Inc. - Net Assets Trend (2022–2024)
This chart illustrates how Karman Holdings Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Karman Holdings Inc. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Karman Holdings Inc. (2022–2024)
The table below shows the annual net assets of Karman Holdings Inc. from 2022 to 2024. For live valuation and market cap data, see Karman Holdings Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $196.00 Million | +7.42% |
| 2023-12-31 | $182.46 Million | +2.74% |
| 2022-12-31 | $177.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Karman Holdings Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1706044500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $204.26 Million | 104.22% |
| Other Comprehensive Income | $75.08K | 0.04% |
| Total Equity | $196.00 Million | 100.00% |
Karman Holdings Inc. Competitors by Market Cap
The table below lists competitors of Karman Holdings Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zillow Group Inc Class C
NASDAQ:Z
|
$8.36 Billion |
|
Sibanye Stillwater Ltd
JSE:SSW
|
$8.37 Billion |
|
CTP N.V.
AS:CTPNV
|
$8.37 Billion |
|
Piraeus Financial Holdings S.A
AT:TPEIR
|
$8.39 Billion |
|
Blueprint Medicines Corp
NASDAQ:BPMC
|
$8.36 Billion |
|
Merlin Properties SOCIMI SA
LS:MRL
|
$8.35 Billion |
|
The Lottery Corporation Ltd
AU:TLC
|
$8.33 Billion |
|
Zoomlion Heavy Industry Science and Technology Co Ltd
SHE:000157
|
$8.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Karman Holdings Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 182,459,333 to 195,996,367, a change of 13,537,034 (7.4%).
- Net income of 12,701,039 contributed positively to equity growth.
- Dividend payments of 155,911 reduced retained earnings.
- Share repurchases of 155,911 reduced equity.
- Other comprehensive income decreased equity by 1,237.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.70 Million | +6.48% |
| Dividends Paid | $155.91K | -0.08% |
| Share Repurchases | $155.91K | -0.08% |
| Other Comprehensive Income | $-1.24K | -0.0% |
| Other Changes | $1.15 Million | +0.59% |
| Total Change | $- | 7.42% |
Book Value vs Market Value Analysis
This analysis compares Karman Holdings Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 42.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 47.03x to 42.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $1.34 | $63.19 | x |
| 2023-12-31 | $1.38 | $63.19 | x |
| 2024-12-31 | $1.48 | $63.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Karman Holdings Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.68%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 3.95x
- Recent ROE (6.48%) is above the historical average (0.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -7.94% | -6.23% | 0.33x | 3.84x | $-31.86 Million |
| 2023 | 2.39% | 1.55% | 0.39x | 3.90x | $-13.89 Million |
| 2024 | 6.48% | 3.68% | 0.45x | 3.95x | $-6.90 Million |
Industry Comparison
This section compares Karman Holdings Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $-1,267,046,991
- Average return on equity (ROE) among peers: -13.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Karman Holdings Inc. (KRMN) | $369.12 Million | -7.94% | 1.62x | $8.36 Billion |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.99 Billion |
| AAR Corp (AIR) | $197.12 Million | 5.31% | 1.16x | $4.47 Billion |
| Air Industries Group (AIRI) | $24.89 Million | -62.77% | 2.33x | $14.51 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $203.74 Million |
| Astronics Corporation (ATRO) | $171.51 Million | 15.90% | 1.86x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $612.11 Million | 3.81% | 0.52x | $8.82 Billion |
| Axon Enterprise Inc. (AXON) | $129.11 Million | 15.43% | 0.44x | $28.25 Billion |
| The Boeing Company (BA) | $-15.85 Billion | 0.00% | 0.00x | $172.93 Billion |
| Beta Technologies, Inc. (BETA) | $435.94 Million | -63.23% | 0.53x | $4.00 Billion |
| BWX Technologies Inc (BWXT) | $1.01 Billion | 2.90% | 1.82x | $19.71 Billion |
About Karman Holdings Inc.
Karman Holdings Inc., through its subsidiary, engages in designing, testing, manufacturing, and sale of mission-critical systems in the United States. The company offers payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. It serves its products to hypersonics and strategic missile defense, tactical missile and integrated defense systems, and space an… Read more