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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
WESBANCO INC is the larger business by last-quarter revenue ($257.2M vs $134.5M, roughly 1.9× Karman Holdings Inc.). WESBANCO INC runs the higher net margin — 34.5% vs 5.7%, a 28.7% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs 27.3%).
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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
KRMN vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $257.2M |
| Net Profit | $7.7M | $88.6M |
| Gross Margin | 39.9% | — |
| Operating Margin | 15.7% | — |
| Net Margin | 5.7% | 34.5% |
| Revenue YoY | 47.4% | — |
| Net Profit YoY | 358.3% | 54.4% |
| EPS (diluted) | $0.06 | $0.88 |
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.
| Q1 26 | — | $257.2M | ||
| Q4 25 | $134.5M | $265.6M | ||
| Q3 25 | $121.8M | $261.6M | ||
| Q2 25 | $115.1M | $260.7M | ||
| Q1 25 | $100.1M | $193.2M | ||
| Q4 24 | $91.2M | $162.9M | ||
| Q3 24 | $86.0M | $150.8M | ||
| Q2 24 | $85.0M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $7.7M | $91.1M | ||
| Q3 25 | $7.6M | $83.6M | ||
| Q2 25 | $6.8M | $57.4M | ||
| Q1 25 | $-4.8M | $-9.0M | ||
| Q4 24 | $1.7M | $49.6M | ||
| Q3 24 | $4.3M | $37.3M | ||
| Q2 24 | $4.6M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | — | ||
| Q3 25 | 41.0% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 40.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 43.2% | ||
| Q3 25 | 17.9% | 39.5% | ||
| Q2 25 | 17.5% | 27.2% | ||
| Q1 25 | 10.0% | -5.0% | ||
| Q4 24 | 15.8% | 38.0% | ||
| Q3 24 | 20.2% | 29.7% | ||
| Q2 24 | 21.5% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 5.7% | 34.3% | ||
| Q3 25 | 6.3% | 31.9% | ||
| Q2 25 | 5.9% | 22.0% | ||
| Q1 25 | -4.8% | -4.7% | ||
| Q4 24 | 1.8% | 30.5% | ||
| Q3 24 | 5.0% | 24.7% | ||
| Q2 24 | 5.4% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.06 | $0.97 | ||
| Q3 25 | $0.06 | $0.84 | ||
| Q2 25 | $0.05 | $0.57 | ||
| Q1 25 | $-0.04 | $-0.15 | ||
| Q4 24 | $0.01 | $0.72 | ||
| Q3 24 | $0.03 | $0.54 | ||
| Q2 24 | $0.03 | $0.44 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $382.7M | $4.1B |
| Total Assets | $1.1B | $27.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $34.0M | $956.1M | ||
| Q3 25 | $18.7M | $1.0B | ||
| Q2 25 | $27.4M | $1.2B | ||
| Q1 25 | $113.7M | $1.1B | ||
| Q4 24 | $11.5M | $568.1M | ||
| Q3 24 | — | $620.9M | ||
| Q2 24 | — | $486.8M |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $382.7M | $4.0B | ||
| Q3 25 | $369.1M | $4.1B | ||
| Q2 25 | $361.5M | $3.8B | ||
| Q1 25 | $348.9M | $3.8B | ||
| Q4 24 | $196.0M | $2.8B | ||
| Q3 24 | $194.1M | $2.8B | ||
| Q2 24 | $189.6M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $1.1B | $27.7B | ||
| Q3 25 | $968.1M | $27.5B | ||
| Q2 25 | $953.9M | $27.6B | ||
| Q1 25 | $875.4M | $27.4B | ||
| Q4 24 | $774.0M | $18.7B | ||
| Q3 24 | — | $18.5B | ||
| Q2 24 | — | $18.1B |
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 | — |
| Free Cash FlowOCF − Capex | $4.0M | — |
| FCF MarginFCF / Revenue | 3.0% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | 1.13× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $290.4M | ||
| Q3 25 | $131.0K | $116.9M | ||
| Q2 25 | $-17.4M | $105.0M | ||
| Q1 25 | $-13.6M | $-26.4M | ||
| Q4 24 | — | $211.0M | ||
| Q3 24 | — | $60.7M | ||
| Q2 24 | — | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $280.0M | ||
| Q3 25 | $-6.8M | $114.9M | ||
| Q2 25 | $-21.0M | $98.3M | ||
| Q1 25 | $-18.6M | $-30.7M | ||
| Q4 24 | — | $200.7M | ||
| Q3 24 | — | $56.9M | ||
| Q2 24 | — | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 105.4% | ||
| Q3 25 | -5.6% | 43.9% | ||
| Q2 25 | -18.2% | 37.7% | ||
| Q1 25 | -18.6% | -15.9% | ||
| Q4 24 | — | 123.2% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 3.9% | ||
| Q3 25 | 5.7% | 0.8% | ||
| Q2 25 | 3.2% | 2.6% | ||
| Q1 25 | 5.0% | 2.2% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 3.19× | ||
| Q3 25 | 0.02× | 1.40× | ||
| Q2 25 | -2.55× | 1.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
