Karman Holdings Inc. (KRMN) - Net Assets
Based on the latest financial reports, Karman Holdings Inc. (KRMN) has net assets worth $405.69 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.42 Billion) and total liabilities ($1.01 Billion). 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. Check KRMN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $405.69 Million |
| % of Total Assets | 28.62% |
| Annual Growth Rate | 29.16% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 42.55 |
Karman Holdings Inc. - Net Assets Trend (2022–2025)
This chart illustrates how Karman Holdings Inc.'s net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Karman Holdings Inc. to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Karman Holdings Inc. (2022–2025)
The table below shows the annual net assets of Karman Holdings Inc. from 2022 to 2025. For live valuation and market cap data, see Karman Holdings Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $382.69 Million | +95.25% |
| 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 3442615000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $9.03 Million | 2.36% |
| Common Stock | $132.00K | 0.03% |
| Other Comprehensive Income | $75.00K | 0.02% |
| Other Components | $373.45 Million | 97.59% |
| Total Equity | $382.69 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 |
|---|---|
|
Coromandel International Limited
NSE:COROMANDEL
|
$6.42 Billion |
|
SSR Mining Inc
NASDAQ:SSRM
|
$6.42 Billion |
|
Archrock Inc
NYSE:AROC
|
$6.43 Billion |
|
JBTMarel Corp
NYSE:JBTM
|
$6.44 Billion |
|
Sinomine Resource Exploration Co Ltd
SHE:002738
|
$6.41 Billion |
|
Mycronic publ AB
ST:MYCR
|
$6.41 Billion |
|
Life Time Group Holdings Inc
NYSE:LTH
|
$6.41 Billion |
|
Southwest Gas Holdings Inc
NYSE:SWX
|
$6.40 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 2024 to 2025, total equity changed from 195,996,367 to 382,691,000, a change of 186,694,633 (95.3%).
- Net income of 17,366,000 contributed positively to equity growth.
- New share issuances of 154,836,000 increased equity.
- Other comprehensive income decreased equity by 79.
- Other factors increased equity by 14,492,712.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.37 Million | +4.54% |
| Share Issuances | $154.84 Million | +40.46% |
| Other Comprehensive Income | $-79.00 | -0.0% |
| Other Changes | $14.49 Million | +3.79% |
| Total Change | $- | 95.25% |
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: 17.42x
- 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 37.49x to 17.42x 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 | $50.37 | x |
| 2023-12-31 | $1.38 | $50.37 | x |
| 2024-12-31 | $1.48 | $50.37 | x |
| 2025-12-31 | $2.89 | $50.37 | 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): 4.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.68%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.99x
- Recent ROE (4.54%) is above the historical average (1.37%), 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 |
| 2025 | 4.54% | 3.68% | 0.41x | 2.99x | $-20.90 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: $334,969,845
- Average return on equity (ROE) among peers: -9.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Karman Holdings Inc. (KRMN) | $405.69 Million | -7.94% | 2.49x | $6.41 Billion |
| Archer Aviation Inc (ACHR) | $367.10 Million | -124.73% | 0.51x | $4.25 Billion |
| AAR Corp (AIR) | $835.29 Million | 8.36% | 1.04x | $4.68 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-85.59 Million | 0.00% | 0.00x | $219.09 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $4.20 Billion | -1.19% | 0.64x | $3.04 Billion |
| Astronics Corporation (ATRO) | $22.94 Million | 4.85% | 0.98x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $263.47 Million | 9.83% | 0.26x | $8.52 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $928.62 Million |
| Axon Enterprise Inc. (AXON) | $1.05 Billion | -5.73% | 0.61x | $34.13 Billion |
| The Boeing Company (BA) | $-3.91 Billion | 0.00% | 0.00x | $174.71 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