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Karman Holdings Inc.（KRMN）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
LiveRamp Holdings, Inc.的季度营收约是Karman Holdings Inc.的1.6倍（$212.2M vs $134.5M），LiveRamp Holdings, Inc.净利率更高（18.8% vs 5.7%，领先13.1%），Karman Holdings Inc.同比增速更快（47.4% vs 8.6%），过去两年Karman Holdings Inc.的营收复合增速更高（27.3% vs 11.1%）
Karman Holdings是一家美国航天与防务系统制造商，总部位于加利福尼亚州亨廷顿海滩，当前估值约40亿美元，近期已完成首次公开发行，专注为航天及国防领域提供相关系统产品及配套服务。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
KRMN vs RAMP — 直观对比
营收规模更大
RAMP
是对方的1.6倍
$134.5M
营收增速更快
KRMN
高出38.8%
8.6%
净利率更高
RAMP
高出13.1%
5.7%
两年增速更快
KRMN
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.5M | $212.2M |
| 净利润 | $7.7M | $39.9M |
| 毛利率 | 39.9% | 71.9% |
| 营业利润率 | 15.7% | 18.6% |
| 净利率 | 5.7% | 18.8% |
| 营收同比 | 47.4% | 8.6% |
| 净利润同比 | 358.3% | 255.7% |
| 每股收益（稀释后） | $0.06 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收KRMNRAMP
| Q4 25 | $134.5M | $212.2M | ||
| Q3 25 | $121.8M | $199.8M | ||
| Q2 25 | $115.1M | $194.8M | ||
| Q1 25 | $100.1M | $188.7M | ||
| Q4 24 | $91.2M | $195.4M | ||
| Q3 24 | $86.0M | $185.5M | ||
| Q2 24 | $85.0M | $176.0M | ||
| Q1 24 | $83.0M | $171.9M |
净利润KRMNRAMP
| Q4 25 | $7.7M | $39.9M | ||
| Q3 25 | $7.6M | $27.4M | ||
| Q2 25 | $6.8M | $7.7M | ||
| Q1 25 | $-4.8M | $-6.3M | ||
| Q4 24 | $1.7M | $11.2M | ||
| Q3 24 | $4.3M | $1.7M | ||
| Q2 24 | $4.6M | $-7.5M | ||
| Q1 24 | $2.1M | $-5.4M |
毛利率KRMNRAMP
| Q4 25 | 39.9% | 71.9% | ||
| Q3 25 | 41.0% | 70.2% | ||
| Q2 25 | 40.9% | 70.1% | ||
| Q1 25 | 39.4% | 69.3% | ||
| Q4 24 | 38.1% | 71.9% | ||
| Q3 24 | 39.3% | 72.4% | ||
| Q2 24 | 40.7% | 70.6% | ||
| Q1 24 | 34.9% | 72.2% |
营业利润率KRMNRAMP
| Q4 25 | 15.7% | 18.6% | ||
| Q3 25 | 17.9% | 10.7% | ||
| Q2 25 | 17.5% | 3.7% | ||
| Q1 25 | 10.0% | -6.1% | ||
| Q4 24 | 15.8% | 7.5% | ||
| Q3 24 | 20.2% | 4.0% | ||
| Q2 24 | 21.5% | -3.0% | ||
| Q1 24 | 16.3% | -8.3% |
净利率KRMNRAMP
| Q4 25 | 5.7% | 18.8% | ||
| Q3 25 | 6.3% | 13.7% | ||
| Q2 25 | 5.9% | 4.0% | ||
| Q1 25 | -4.8% | -3.3% | ||
| Q4 24 | 1.8% | 5.7% | ||
| Q3 24 | 5.0% | 0.9% | ||
| Q2 24 | 5.4% | -4.3% | ||
| Q1 24 | 2.6% | -3.1% |
每股收益（稀释后）KRMNRAMP
| Q4 25 | $0.06 | $0.62 | ||
| Q3 25 | $0.06 | $0.42 | ||
| Q2 25 | $0.05 | $0.12 | ||
| Q1 25 | $-0.04 | $-0.10 | ||
| Q4 24 | $0.01 | $0.17 | ||
| Q3 24 | $0.03 | $0.03 | ||
| Q2 24 | $0.03 | $-0.11 | ||
| Q1 24 | $0.01 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $34.0M | $403.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $382.7M | $962.3M |
| 总资产 | $1.1B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KRMNRAMP
| Q4 25 | $34.0M | $403.4M | ||
| Q3 25 | $18.7M | $376.9M | ||
| Q2 25 | $27.4M | $371.1M | ||
| Q1 25 | $113.7M | $420.8M | ||
| Q4 24 | $11.5M | $384.3M | ||
| Q3 24 | — | $348.4M | ||
| Q2 24 | — | $342.7M | ||
| Q1 24 | — | $368.9M |
股东权益KRMNRAMP
| Q4 25 | $382.7M | $962.3M | ||
| Q3 25 | $369.1M | $943.8M | ||
| Q2 25 | $361.5M | $947.8M | ||
| Q1 25 | $348.9M | $948.9M | ||
| Q4 24 | $196.0M | $957.7M | ||
| Q3 24 | $194.1M | $932.1M | ||
| Q2 24 | $189.6M | $951.9M | ||
| Q1 24 | $184.8M | $949.1M |
总资产KRMNRAMP
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $968.1M | $1.2B | ||
| Q2 25 | $953.9M | $1.2B | ||
| Q1 25 | $875.4M | $1.3B | ||
| Q4 24 | $774.0M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $8.7M | — |
| 自由现金流经营现金流 - 资本支出 | $4.0M | — |
| 自由现金流率自由现金流/营收 | 3.0% | — |
| 资本支出强度资本支出/营收 | 3.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.13× | — |
| 过去12个月自由现金流最近4个季度 | $-42.5M | — |
8季度趋势，按日历期对齐
经营现金流KRMNRAMP
| Q4 25 | $8.7M | — | ||
| Q3 25 | $131.0K | $57.4M | ||
| Q2 25 | $-17.4M | $-15.8M | ||
| Q1 25 | $-13.6M | — | ||
| Q4 24 | — | $45.1M | ||
| Q3 24 | — | $55.6M | ||
| Q2 24 | — | $-9.3M | ||
| Q1 24 | $3.1M | — |
自由现金流KRMNRAMP
| Q4 25 | $4.0M | — | ||
| Q3 25 | $-6.8M | $56.8M | ||
| Q2 25 | $-21.0M | $-16.2M | ||
| Q1 25 | $-18.6M | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | $1.5M | — |
自由现金流率KRMNRAMP
| Q4 25 | 3.0% | — | ||
| Q3 25 | -5.6% | 28.4% | ||
| Q2 25 | -18.2% | -8.3% | ||
| Q1 25 | -18.6% | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | 1.8% | — |
资本支出强度KRMNRAMP
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 5.7% | 0.3% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 5.0% | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 1.9% | 1.0% |
现金转化率KRMNRAMP
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.02× | 2.09× | ||
| Q2 25 | -2.55× | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.45× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
RAMP
暂无分部数据
