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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and PARK AEROSPACE CORP (PKE). Click either name above to swap in a different company.
Karman Holdings Inc. is the larger business by last-quarter revenue ($134.5M vs $17.3M, roughly 7.8× PARK AEROSPACE CORP). PARK AEROSPACE CORP runs the higher net margin — 17.0% vs 5.7%, a 11.3% gap on every dollar of revenue. On growth, Karman Holdings Inc. posted the faster year-over-year revenue change (47.4% vs 20.3%). PARK AEROSPACE CORP produced more free cash flow last quarter ($4.3M vs $4.0M). Over the past eight quarters, Karman Holdings Inc.'s revenue compounded faster (27.3% CAGR vs 3.0%).
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.
Park Electrochemical Corp, now called the Park Aerospace Corp, is a Melville, New York-based materials manufacturer for the telecommunications, Internet infrastructure, high-end computing, and aerospace industries. It produces high-technology digital and radio frequency(RF)/microwave printed circuit material products, composite materials. Its printed circuit materials are used for complex multilayer printed circuit boards and other electronic interconnection systems, such as multilayer back-p...
KRMN vs PKE — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $17.3M |
| Net Profit | $7.7M | $3.0M |
| Gross Margin | 39.9% | 34.1% |
| Operating Margin | 15.7% | 21.0% |
| Net Margin | 5.7% | 17.0% |
| Revenue YoY | 47.4% | 20.3% |
| Net Profit YoY | 358.3% | 87.1% |
| EPS (diluted) | $0.06 | $0.15 |
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 | $17.3M | ||
| Q3 25 | $121.8M | $16.4M | ||
| Q2 25 | $115.1M | $15.4M | ||
| Q1 25 | $100.1M | $16.9M | ||
| Q4 24 | $91.2M | $14.4M | ||
| Q3 24 | $86.0M | $16.7M | ||
| Q2 24 | $85.0M | $14.0M | ||
| Q1 24 | $83.0M | $16.3M |
| Q4 25 | $7.7M | $3.0M | ||
| Q3 25 | $7.6M | $2.4M | ||
| Q2 25 | $6.8M | $2.1M | ||
| Q1 25 | $-4.8M | $1.2M | ||
| Q4 24 | $1.7M | $1.6M | ||
| Q3 24 | $4.3M | $2.1M | ||
| Q2 24 | $4.6M | $993.0K | ||
| Q1 24 | $2.1M | $2.7M |
| Q4 25 | 39.9% | 34.1% | ||
| Q3 25 | 41.0% | 31.2% | ||
| Q2 25 | 40.9% | 30.6% | ||
| Q1 25 | 39.4% | 29.3% | ||
| Q4 24 | 38.1% | 26.6% | ||
| Q3 24 | 39.3% | 28.5% | ||
| Q2 24 | 40.7% | 29.3% | ||
| Q1 24 | 34.9% | 27.3% |
| Q4 25 | 15.7% | 21.0% | ||
| Q3 25 | 17.9% | 17.4% | ||
| Q2 25 | 17.5% | 15.7% | ||
| Q1 25 | 10.0% | 16.8% | ||
| Q4 24 | 15.8% | 12.8% | ||
| Q3 24 | 20.2% | 15.7% | ||
| Q2 24 | 21.5% | 14.9% | ||
| Q1 24 | 16.3% | 15.7% |
| Q4 25 | 5.7% | 17.0% | ||
| Q3 25 | 6.3% | 14.7% | ||
| Q2 25 | 5.9% | 13.5% | ||
| Q1 25 | -4.8% | 7.4% | ||
| Q4 24 | 1.8% | 10.9% | ||
| Q3 24 | 5.0% | 12.4% | ||
| Q2 24 | 5.4% | 7.1% | ||
| Q1 24 | 2.6% | 16.3% |
| Q4 25 | $0.06 | $0.15 | ||
| Q3 25 | $0.06 | $0.12 | ||
| Q2 25 | $0.05 | $0.10 | ||
| Q1 25 | $-0.04 | $0.06 | ||
| Q4 24 | $0.01 | $0.08 | ||
| Q3 24 | $0.03 | $0.10 | ||
| Q2 24 | $0.03 | $0.05 | ||
| Q1 24 | $0.01 | $0.13 |
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 | $63.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $382.7M | $106.6M |
| Total Assets | $1.1B | $118.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $63.6M | ||
| Q3 25 | $18.7M | $61.6M | ||
| Q2 25 | $27.4M | $65.6M | ||
| Q1 25 | $113.7M | $68.8M | ||
| Q4 24 | $11.5M | $70.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $74.4M | ||
| Q1 24 | — | $77.2M |
| Q4 25 | $382.7M | $106.6M | ||
| Q3 25 | $369.1M | $105.8M | ||
| Q2 25 | $361.5M | $105.0M | ||
| Q1 25 | $348.9M | $107.2M | ||
| Q4 24 | $196.0M | $107.4M | ||
| Q3 24 | $194.1M | $110.3M | ||
| Q2 24 | $189.6M | $111.7M | ||
| Q1 24 | $184.8M | $112.9M |
| Q4 25 | $1.1B | $118.1M | ||
| Q3 25 | $968.1M | $116.4M | ||
| Q2 25 | $953.9M | $120.7M | ||
| Q1 25 | $875.4M | $122.1M | ||
| Q4 24 | $774.0M | $124.2M | ||
| Q3 24 | — | $125.1M | ||
| Q2 24 | — | $129.4M | ||
| Q1 24 | — | $132.3M |
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 | $5.1M |
| Free Cash FlowOCF − Capex | $4.0M | $4.3M |
| FCF MarginFCF / Revenue | 3.0% | 24.6% |
| Capex IntensityCapex / Revenue | 3.5% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.13× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | $3.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $5.1M | ||
| Q3 25 | $131.0K | $-2.1M | ||
| Q2 25 | $-17.4M | $1.6M | ||
| Q1 25 | $-13.6M | $969.0K | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | — | $1.4M | ||
| Q2 24 | — | $-423.0K | ||
| Q1 24 | $3.1M | $5.3M |
| Q4 25 | $4.0M | $4.3M | ||
| Q3 25 | $-6.8M | $-2.3M | ||
| Q2 25 | $-21.0M | $1.1M | ||
| Q1 25 | $-18.6M | $338.0K | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $-435.0K | ||
| Q1 24 | $1.5M | $5.1M |
| Q4 25 | 3.0% | 24.6% | ||
| Q3 25 | -5.6% | -14.0% | ||
| Q2 25 | -18.2% | 7.2% | ||
| Q1 25 | -18.6% | 2.0% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | -3.1% | ||
| Q1 24 | 1.8% | 31.4% |
| Q4 25 | 3.5% | 4.8% | ||
| Q3 25 | 5.7% | 1.1% | ||
| Q2 25 | 3.2% | 3.1% | ||
| Q1 25 | 5.0% | 3.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 1.9% | 1.0% |
| Q4 25 | 1.13× | 1.73× | ||
| Q3 25 | 0.02× | -0.88× | ||
| Q2 25 | -2.55× | 0.76× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | -0.43× | ||
| Q1 24 | 1.45× | 1.98× |
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% |
PKE
Segment breakdown not available.
