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Karman Holdings Inc.

KRMN

Industrials · 35.25 +2.5% today

You’ve read what changed. Here’s whether the market is confirming it.

Partial group confirmationMarket checked 11 Sept, 15:55 GMT-4

Market read

Karman Holdings Inc.'s move is spreading beyond its market group.

KRMN accounts for 18.9% of the group's measured movement across 6.6 effective names. raw member direction is mixed; 0 of 12 SPY-adjusted paths align to the mixed. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveIndependent mover#2 of 12 by movement share
Group movement share18.9%Absolute path energy—not portfolio weight
Relative path+1.03%mixed
Effective breadth6.6 / 12broad
Relative alignment0/12mixed path · 0 counter-moving
Capital-flow agreement13%not yet clean
SEQUENCE READ

NOC, LMT, RSG moved materially before KRMN. KRMN crossed its material path threshold at 13:35 ET, 180 minutes after the first measured mover. GD followed.

EVIDENCE COVERAGE

5 of 12 members in Aerospace & Defense are active. 0 of 1 disclosed connections are confirming.

What would change this read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • BWXT remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.

Watch this read

Research brief

The story so far

Industrials · Aerospace & Defense

KRMN accounts for 18.9% of the group's measured movement across 6.6 effective names. raw member direction is mixed; 0 of 12 SPY-adjusted paths align to the mixed. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • BWXT remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations328
Usable filing statements128
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +36.6% year over year.
  • Demand and volume has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Operating margin changed -2.9 percentage points in the latest annual period.
  • Operating cash flow was only -1.274x net income in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

35.25
6m-64.4%12m-43.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-12-31$226.3M$-0.09
2023-12-31$280.7M+24.0%$0.03+4.8%
2024-12-31$345.3M+23.0%$0.08-0.0%
2025-12-31$471.5M+36.6%$0.13-20.6%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 4 filings
Interest Expense, net Interest expense, net increased by $3.4 million, or 28.5%, and $4.7 million, or 20.0%, for the three and six months ended June 30, 2026 from the comparative period of the prior year, which was primarily driven by higher principal balance…
10-Q · Aug 11, 2026
Demand and volumepositive · 3 filings
Growth in Tactical Missiles and Integrated Defense Systems for the three months ended March 31, 2026 from the comparable period in the prior year, was primarily driven by demand associated with the continued adoption of advanced drone and loitering munitions…
10-Q · May 14, 2026
Supply chain and availabilitypositive · 1 filings
Growth in Space and Launch revenue for the three and six months ended June 30, 2025 from the comparable periods in the prior year, was primarily driven by higher planned U.S.
10-Q · Aug 8, 2025

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

35.25+2.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KRMN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KRMN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KRMN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

CTRNCiti Trends, Inc.lenderApr 3, 2026

On May 27, 2025, the Company increased its Citi Term Note by $ 75.0 million to fund the acquisition of ISP.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KRMN is currently a Participant in the organic co-movement group Aerospace & Defense. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.