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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and Sprout Social, Inc. (SPT). Click either name above to swap in a different company.
Karman Holdings Inc. is the larger business by last-quarter revenue ($134.5M vs $120.9M, roughly 1.1× Sprout Social, Inc.). On growth, Karman Holdings Inc. posted the faster year-over-year revenue change (47.4% vs 12.9%). Sprout Social, Inc. produced more free cash flow last quarter ($9.9M vs $4.0M). Over the past eight quarters, Karman Holdings Inc.'s revenue compounded faster (27.3% CAGR vs 11.8%).
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.
Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.
KRMN vs SPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $120.9M |
| Net Profit | $7.7M | — |
| Gross Margin | 39.9% | 77.6% |
| Operating Margin | 15.7% | -9.0% |
| Net Margin | 5.7% | — |
| Revenue YoY | 47.4% | 12.9% |
| Net Profit YoY | 358.3% | — |
| EPS (diluted) | $0.06 | $-0.18 |
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 | $120.9M | ||
| Q3 25 | $121.8M | $115.6M | ||
| Q2 25 | $115.1M | $111.8M | ||
| Q1 25 | $100.1M | $109.3M | ||
| Q4 24 | $91.2M | $107.1M | ||
| Q3 24 | $86.0M | $102.6M | ||
| Q2 24 | $85.0M | $99.4M | ||
| Q1 24 | $83.0M | $96.8M |
| Q4 25 | $7.7M | — | ||
| Q3 25 | $7.6M | $-9.4M | ||
| Q2 25 | $6.8M | $-12.0M | ||
| Q1 25 | $-4.8M | $-11.2M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $4.3M | $-17.1M | ||
| Q2 24 | $4.6M | $-16.9M | ||
| Q1 24 | $2.1M | $-13.6M |
| Q4 25 | 39.9% | 77.6% | ||
| Q3 25 | 41.0% | 77.7% | ||
| Q2 25 | 40.9% | 77.7% | ||
| Q1 25 | 39.4% | 77.3% | ||
| Q4 24 | 38.1% | 78.1% | ||
| Q3 24 | 39.3% | 77.4% | ||
| Q2 24 | 40.7% | 77.5% | ||
| Q1 24 | 34.9% | 76.8% |
| Q4 25 | 15.7% | -9.0% | ||
| Q3 25 | 17.9% | -7.9% | ||
| Q2 25 | 17.5% | -11.0% | ||
| Q1 25 | 10.0% | -10.2% | ||
| Q4 24 | 15.8% | -12.8% | ||
| Q3 24 | 20.2% | -16.4% | ||
| Q2 24 | 21.5% | -16.6% | ||
| Q1 24 | 16.3% | -13.7% |
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.3% | -8.1% | ||
| Q2 25 | 5.9% | -10.7% | ||
| Q1 25 | -4.8% | -10.3% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 5.0% | -16.6% | ||
| Q2 24 | 5.4% | -17.0% | ||
| Q1 24 | 2.6% | -14.0% |
| Q4 25 | $0.06 | $-0.18 | ||
| Q3 25 | $0.06 | $-0.16 | ||
| Q2 25 | $0.05 | $-0.21 | ||
| Q1 25 | $-0.04 | $-0.19 | ||
| Q4 24 | $0.01 | $-0.25 | ||
| Q3 24 | $0.03 | $-0.30 | ||
| Q2 24 | $0.03 | $-0.30 | ||
| Q1 24 | $0.01 | $-0.24 |
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 | $95.3M |
| Total DebtLower is stronger | — | $40.0M |
| Stockholders' EquityBook value | $382.7M | $203.4M |
| Total Assets | $1.1B | $523.1M |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $95.3M | ||
| Q3 25 | $18.7M | $90.6M | ||
| Q2 25 | $27.4M | $101.5M | ||
| Q1 25 | $113.7M | $100.9M | ||
| Q4 24 | $11.5M | $86.4M | ||
| Q3 24 | — | $82.9M | ||
| Q2 24 | — | $80.9M | ||
| Q1 24 | — | $69.2M |
| Q4 25 | — | $40.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $25.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $382.7M | $203.4M | ||
| Q3 25 | $369.1M | $194.1M | ||
| Q2 25 | $361.5M | $184.6M | ||
| Q1 25 | $348.9M | $175.3M | ||
| Q4 24 | $196.0M | $166.6M | ||
| Q3 24 | $194.1M | $158.1M | ||
| Q2 24 | $189.6M | $152.1M | ||
| Q1 24 | $184.8M | $147.3M |
| Q4 25 | $1.1B | $523.1M | ||
| Q3 25 | $968.1M | $481.4M | ||
| Q2 25 | $953.9M | $422.9M | ||
| Q1 25 | $875.4M | $424.7M | ||
| Q4 24 | $774.0M | $428.3M | ||
| Q3 24 | — | $388.8M | ||
| Q2 24 | — | $393.6M | ||
| Q1 24 | — | $389.9M |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $10.9M |
| Free Cash FlowOCF − Capex | $4.0M | $9.9M |
| FCF MarginFCF / Revenue | 3.0% | 8.2% |
| Capex IntensityCapex / Revenue | 3.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.13× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | $39.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $10.9M | ||
| Q3 25 | $131.0K | $9.3M | ||
| Q2 25 | $-17.4M | $5.1M | ||
| Q1 25 | $-13.6M | $18.1M | ||
| Q4 24 | — | $4.1M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | $3.1M | $11.2M |
| Q4 25 | $4.0M | $9.9M | ||
| Q3 25 | $-6.8M | $8.5M | ||
| Q2 25 | $-21.0M | $4.2M | ||
| Q1 25 | $-18.6M | $16.7M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $8.5M | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | $1.5M | $10.1M |
| Q4 25 | 3.0% | 8.2% | ||
| Q3 25 | -5.6% | 7.4% | ||
| Q2 25 | -18.2% | 3.7% | ||
| Q1 25 | -18.6% | 15.3% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | 1.8% | 10.4% |
| Q4 25 | 3.5% | 0.9% | ||
| Q3 25 | 5.7% | 0.7% | ||
| Q2 25 | 3.2% | 0.8% | ||
| Q1 25 | 5.0% | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | 1.9% | 1.1% |
| Q4 25 | 1.13× | — | ||
| 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% |
SPT
Segment breakdown not available.
