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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and OneStream, Inc. (OS). Click either name above to swap in a different company.
OneStream, Inc. is the larger business by last-quarter revenue ($163.7M vs $134.5M, roughly 1.2× Karman Holdings Inc.). Karman Holdings Inc. runs the higher net margin — 5.7% vs 0.6%, a 5.1% gap on every dollar of revenue. On growth, Karman Holdings Inc. posted the faster year-over-year revenue change (47.4% vs 23.6%). OneStream, Inc. produced more free cash flow last quarter ($25.6M vs $4.0M). Over the past eight quarters, Karman Holdings Inc.'s revenue compounded faster (27.3% CAGR vs 21.8%).
Karman Holdings is an American fabricator of space and defense systems based in Huntington Beach, California. The company, which is valued at approximately US$4 billion, recently underwent an initial public offering.
Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.
KRMN vs OS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $163.7M |
| Net Profit | $7.7M | $999.0K |
| Gross Margin | 39.9% | 69.8% |
| Operating Margin | 15.7% | -3.2% |
| Net Margin | 5.7% | 0.6% |
| Revenue YoY | 47.4% | 23.6% |
| Net Profit YoY | 358.3% | — |
| EPS (diluted) | $0.06 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $134.5M | $163.7M | ||
| Q3 25 | $121.8M | $154.3M | ||
| Q2 25 | $115.1M | $147.6M | ||
| Q1 25 | $100.1M | $136.3M | ||
| Q4 24 | $91.2M | $132.5M | ||
| Q3 24 | $86.0M | $129.1M | ||
| Q2 24 | $85.0M | $117.5M | ||
| Q1 24 | $83.0M | $110.3M |
| Q4 25 | $7.7M | $999.0K | ||
| Q3 25 | $7.6M | $-8.8M | ||
| Q2 25 | $6.8M | $-18.4M | ||
| Q1 25 | $-4.8M | $-24.0M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $4.3M | $-171.9M | ||
| Q2 24 | $4.6M | $-7.8M | ||
| Q1 24 | $2.1M | $-5.0M |
| Q4 25 | 39.9% | 69.8% | ||
| Q3 25 | 41.0% | 68.1% | ||
| Q2 25 | 40.9% | 68.6% | ||
| Q1 25 | 39.4% | 68.0% | ||
| Q4 24 | 38.1% | 66.8% | ||
| Q3 24 | 39.3% | 50.1% | ||
| Q2 24 | 40.7% | 68.5% | ||
| Q1 24 | 34.9% | 69.1% |
| Q4 25 | 15.7% | -3.2% | ||
| Q3 25 | 17.9% | -11.3% | ||
| Q2 25 | 17.5% | -21.8% | ||
| Q1 25 | 10.0% | -29.3% | ||
| Q4 24 | 15.8% | -35.8% | ||
| Q3 24 | 20.2% | -197.6% | ||
| Q2 24 | 21.5% | -9.8% | ||
| Q1 24 | 16.3% | -4.9% |
| Q4 25 | 5.7% | 0.6% | ||
| Q3 25 | 6.3% | -5.7% | ||
| Q2 25 | 5.9% | -12.5% | ||
| Q1 25 | -4.8% | -17.6% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 5.0% | -133.1% | ||
| Q2 24 | 5.4% | -6.7% | ||
| Q1 24 | 2.6% | -4.5% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.03 | $-1.06 | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $693.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $382.7M | $504.7M |
| Total Assets | $1.1B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $693.6M | ||
| Q3 25 | $18.7M | $653.9M | ||
| Q2 25 | $27.4M | $652.1M | ||
| Q1 25 | $113.7M | $593.9M | ||
| Q4 24 | $11.5M | $544.2M | ||
| Q3 24 | — | $495.5M | ||
| Q2 24 | — | $140.5M | ||
| Q1 24 | — | — |
| Q4 25 | $382.7M | $504.7M | ||
| Q3 25 | $369.1M | $472.1M | ||
| Q2 25 | $361.5M | $458.2M | ||
| Q1 25 | $348.9M | $412.9M | ||
| Q4 24 | $196.0M | $386.2M | ||
| Q3 24 | $194.1M | $458.2M | ||
| Q2 24 | $189.6M | $97.5M | ||
| Q1 24 | $184.8M | $102.5M |
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $968.1M | $949.4M | ||
| Q2 25 | $953.9M | $910.5M | ||
| Q1 25 | $875.4M | $867.3M | ||
| Q4 24 | $774.0M | $823.2M | ||
| Q3 24 | — | $750.1M | ||
| Q2 24 | — | $379.7M | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.7M | $25.8M |
| Free Cash FlowOCF − Capex | $4.0M | $25.6M |
| FCF MarginFCF / Revenue | 3.0% | 15.7% |
| Capex IntensityCapex / Revenue | 3.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.13× | 25.79× |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | $95.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $25.8M | ||
| Q3 25 | $131.0K | $5.0M | ||
| Q2 25 | $-17.4M | $29.7M | ||
| Q1 25 | $-13.6M | $36.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | — | $8.1M | ||
| Q1 24 | $3.1M | $25.5M |
| Q4 25 | $4.0M | $25.6M | ||
| Q3 25 | $-6.8M | $4.8M | ||
| Q2 25 | $-21.0M | $29.4M | ||
| Q1 25 | $-18.6M | $35.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | $1.5M | $24.9M |
| Q4 25 | 3.0% | 15.7% | ||
| Q3 25 | -5.6% | 3.1% | ||
| Q2 25 | -18.2% | 19.9% | ||
| Q1 25 | -18.6% | 26.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | 1.8% | 22.5% |
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 5.7% | 0.1% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 5.0% | 0.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | 1.9% | 0.6% |
| Q4 25 | 1.13× | 25.79× | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | -2.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
