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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
STURM RUGER & CO INC is the larger business by last-quarter revenue ($151.1M vs $134.5M, roughly 1.1× Karman Holdings Inc.). On growth, Karman Holdings Inc. posted the faster year-over-year revenue change (47.4% vs 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $4.0M). Over the past eight quarters, Karman Holdings Inc.'s revenue compounded faster (27.3% CAGR vs 5.1%).
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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
KRMN vs RGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $151.1M |
| Net Profit | $7.7M | — |
| Gross Margin | 39.9% | 17.8% |
| Operating Margin | 15.7% | 2.3% |
| Net Margin | 5.7% | — |
| Revenue YoY | 47.4% | 3.6% |
| Net Profit YoY | 358.3% | — |
| EPS (diluted) | $0.06 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $121.8M | $126.8M | ||
| Q2 25 | $115.1M | $132.5M | ||
| Q1 25 | $100.1M | $135.7M | ||
| Q4 24 | $91.2M | $145.8M | ||
| Q3 24 | $86.0M | $122.3M | ||
| Q2 24 | $85.0M | $130.8M | ||
| Q1 24 | $83.0M | $136.8M |
| Q4 25 | $7.7M | — | ||
| Q3 25 | $7.6M | $1.6M | ||
| Q2 25 | $6.8M | $-17.2M | ||
| Q1 25 | $-4.8M | $7.8M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $4.3M | $4.7M | ||
| Q2 24 | $4.6M | $8.3M | ||
| Q1 24 | $2.1M | $7.1M |
| Q4 25 | 39.9% | 17.8% | ||
| Q3 25 | 41.0% | 15.1% | ||
| Q2 25 | 40.9% | 3.9% | ||
| Q1 25 | 39.4% | 22.0% | ||
| Q4 24 | 38.1% | 22.8% | ||
| Q3 24 | 39.3% | 18.5% | ||
| Q2 24 | 40.7% | 22.3% | ||
| Q1 24 | 34.9% | 21.5% |
| Q4 25 | 15.7% | 2.3% | ||
| Q3 25 | 17.9% | -2.7% | ||
| Q2 25 | 17.5% | -15.6% | ||
| Q1 25 | 10.0% | 6.2% | ||
| Q4 24 | 15.8% | 7.8% | ||
| Q3 24 | 20.2% | 3.1% | ||
| Q2 24 | 21.5% | 6.9% | ||
| Q1 24 | 16.3% | 5.5% |
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.3% | 1.2% | ||
| Q2 25 | 5.9% | -13.0% | ||
| Q1 25 | -4.8% | 5.7% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 5.0% | 3.9% | ||
| Q2 24 | 5.4% | 6.3% | ||
| Q1 24 | 2.6% | 5.2% |
| Q4 25 | $0.06 | $0.22 | ||
| Q3 25 | $0.06 | $0.10 | ||
| Q2 25 | $0.05 | $-1.05 | ||
| Q1 25 | $-0.04 | $0.46 | ||
| Q4 24 | $0.01 | $0.62 | ||
| Q3 24 | $0.03 | $0.28 | ||
| Q2 24 | $0.03 | $0.47 | ||
| Q1 24 | $0.01 | $0.40 |
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 | $92.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $382.7M | $283.8M |
| Total Assets | $1.1B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $92.5M | ||
| Q3 25 | $18.7M | $80.8M | ||
| Q2 25 | $27.4M | $101.4M | ||
| Q1 25 | $113.7M | $108.3M | ||
| Q4 24 | $11.5M | $105.5M | ||
| Q3 24 | — | $96.0M | ||
| Q2 24 | — | $105.6M | ||
| Q1 24 | — | $115.3M |
| Q4 25 | $382.7M | $283.8M | ||
| Q3 25 | $369.1M | $279.6M | ||
| Q2 25 | $361.5M | $289.3M | ||
| Q1 25 | $348.9M | $321.5M | ||
| Q4 24 | $196.0M | $319.6M | ||
| Q3 24 | $194.1M | $314.9M | ||
| Q2 24 | $189.6M | $321.5M | ||
| Q1 24 | $184.8M | $332.0M |
| Q4 25 | $1.1B | $342.0M | ||
| Q3 25 | $968.1M | $342.3M | ||
| Q2 25 | $953.9M | $349.5M | ||
| Q1 25 | $875.4M | $379.0M | ||
| Q4 24 | $774.0M | $384.0M | ||
| Q3 24 | — | $373.5M | ||
| Q2 24 | — | $376.7M | ||
| Q1 24 | — | $385.0M |
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 | $15.5M |
| Free Cash FlowOCF − Capex | $4.0M | $12.3M |
| FCF MarginFCF / Revenue | 3.0% | 8.2% |
| Capex IntensityCapex / Revenue | 3.5% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.13× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $15.5M | ||
| Q3 25 | $131.0K | $12.9M | ||
| Q2 25 | $-17.4M | $14.7M | ||
| Q1 25 | $-13.6M | $11.1M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $9.4M | ||
| Q2 24 | — | $18.7M | ||
| Q1 24 | $3.1M | $7.3M |
| Q4 25 | $4.0M | $12.3M | ||
| Q3 25 | $-6.8M | $7.0M | ||
| Q2 25 | $-21.0M | $9.1M | ||
| Q1 25 | $-18.6M | $10.0M | ||
| Q4 24 | — | $16.4M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | $1.5M | $5.6M |
| Q4 25 | 3.0% | 8.2% | ||
| Q3 25 | -5.6% | 5.5% | ||
| Q2 25 | -18.2% | 6.9% | ||
| Q1 25 | -18.6% | 7.4% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | 1.8% | 4.1% |
| Q4 25 | 3.5% | 2.1% | ||
| Q3 25 | 5.7% | 4.6% | ||
| Q2 25 | 3.2% | 4.2% | ||
| Q1 25 | 5.0% | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | 1.9% | 1.3% |
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.02× | 8.15× | ||
| Q2 25 | -2.55× | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | 1.45× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
