vs
Karman Holdings Inc.（KRMN）与REPUBLIC BANCORP INC（RBCAA）财务数据对比。点击上方公司名可切换其他公司
Karman Holdings Inc.的季度营收约是REPUBLIC BANCORP INC的1.4倍（$134.5M vs $94.3M），REPUBLIC BANCORP INC净利率更高（24.2% vs 5.7%，领先18.5%），Karman Holdings Inc.同比增速更快（47.4% vs 5.3%），REPUBLIC BANCORP INC自由现金流更多（$161.1M vs $4.0M），过去两年Karman Holdings Inc.的营收复合增速更高（27.3% vs -11.5%）
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。
肯塔基州共和银行是美国的一家区域性银行控股企业，提供零售及商业银行全品类服务，涵盖个人存贷款、企业融资、按揭产品及财富管理解决方案，主要服务肯塔基州及周边州的个人消费者和中小企业客户。
KRMN vs RBCAA — 直观对比
营收规模更大
KRMN
是对方的1.4倍
$94.3M
营收增速更快
KRMN
高出42.1%
5.3%
净利率更高
RBCAA
高出18.5%
5.7%
自由现金流更多
RBCAA
多$157.1M
$4.0M
两年增速更快
KRMN
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.5M | $94.3M |
| 净利润 | $7.7M | $22.8M |
| 毛利率 | 39.9% | — |
| 营业利润率 | 15.7% | 29.3% |
| 净利率 | 5.7% | 24.2% |
| 营收同比 | 47.4% | 5.3% |
| 净利润同比 | 358.3% | 20.0% |
| 每股收益（稀释后） | $0.06 | — |
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KRMNRBCAA
| Q4 25 | $134.5M | $94.3M | ||
| Q3 25 | $121.8M | $93.5M | ||
| Q2 25 | $115.1M | $93.8M | ||
| Q1 25 | $100.1M | $135.8M | ||
| Q4 24 | $91.2M | $89.5M | ||
| Q3 24 | $86.0M | $88.1M | ||
| Q2 24 | $85.0M | $86.9M | ||
| Q1 24 | $83.0M | $120.3M |
净利润KRMNRBCAA
| Q4 25 | $7.7M | $22.8M | ||
| Q3 25 | $7.6M | $29.7M | ||
| Q2 25 | $6.8M | $31.5M | ||
| Q1 25 | $-4.8M | $47.3M | ||
| Q4 24 | $1.7M | $19.0M | ||
| Q3 24 | $4.3M | $26.5M | ||
| Q2 24 | $4.6M | $25.2M | ||
| Q1 24 | $2.1M | $30.6M |
毛利率KRMNRBCAA
| 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 24 | 34.9% | — |
营业利润率KRMNRBCAA
| Q4 25 | 15.7% | 29.3% | ||
| Q3 25 | 17.9% | 40.4% | ||
| Q2 25 | 17.5% | 43.0% | ||
| Q1 25 | 10.0% | 44.1% | ||
| Q4 24 | 15.8% | 25.8% | ||
| Q3 24 | 20.2% | 38.4% | ||
| Q2 24 | 21.5% | 37.0% | ||
| Q1 24 | 16.3% | 32.2% |
净利率KRMNRBCAA
| Q4 25 | 5.7% | 24.2% | ||
| Q3 25 | 6.3% | 31.8% | ||
| Q2 25 | 5.9% | 33.5% | ||
| Q1 25 | -4.8% | 34.8% | ||
| Q4 24 | 1.8% | 21.2% | ||
| Q3 24 | 5.0% | 30.1% | ||
| Q2 24 | 5.4% | 29.0% | ||
| Q1 24 | 2.6% | 25.4% |
每股收益（稀释后）KRMNRBCAA
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | $0.01 | — |
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 | $220.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $382.7M | $1.1B |
| 总资产 | $1.1B | $7.0B |
| 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KRMNRBCAA
| Q4 25 | $34.0M | $220.0M | ||
| Q3 25 | $18.7M | $484.2M | ||
| Q2 25 | $27.4M | $484.8M | ||
| Q1 25 | $113.7M | $793.0M | ||
| Q4 24 | $11.5M | $432.2M | ||
| Q3 24 | — | $530.9M | ||
| Q2 24 | — | $400.1M | ||
| Q1 24 | — | $546.4M |
股东权益KRMNRBCAA
| Q4 25 | $382.7M | $1.1B | ||
| Q3 25 | $369.1M | $1.1B | ||
| Q2 25 | $361.5M | $1.1B | ||
| Q1 25 | $348.9M | $1.0B | ||
| Q4 24 | $196.0M | $992.0M | ||
| Q3 24 | $194.1M | $979.7M | ||
| Q2 24 | $189.6M | $955.4M | ||
| Q1 24 | $184.8M | $935.6M |
总资产KRMNRBCAA
| Q4 25 | $1.1B | $7.0B | ||
| Q3 25 | $968.1M | $7.0B | ||
| Q2 25 | $953.9M | $7.0B | ||
| Q1 25 | $875.4M | $7.1B | ||
| Q4 24 | $774.0M | $6.8B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $6.6B | ||
| Q1 24 | — | $6.9B |
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 | $168.2M |
| 自由现金流经营现金流 - 资本支出 | $4.0M | $161.1M |
| 自由现金流率自由现金流/营收 | 3.0% | 170.9% |
| 资本支出强度资本支出/营收 | 3.5% | 7.5% |
| 现金转化率经营现金流/净利润 | 1.13× | 7.37× |
| 过去12个月自由现金流最近4个季度 | $-42.5M | $288.6M |
8季度趋势，按日历期对齐
经营现金流KRMNRBCAA
| Q4 25 | $8.7M | $168.2M | ||
| Q3 25 | $131.0K | $33.3M | ||
| Q2 25 | $-17.4M | $8.4M | ||
| Q1 25 | $-13.6M | $93.2M | ||
| Q4 24 | — | $149.0M | ||
| Q3 24 | — | $51.3M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | $3.1M | $71.2M |
自由现金流KRMNRBCAA
| Q4 25 | $4.0M | $161.1M | ||
| Q3 25 | $-6.8M | $30.8M | ||
| Q2 25 | $-21.0M | $5.2M | ||
| Q1 25 | $-18.6M | $91.6M | ||
| Q4 24 | — | $143.2M | ||
| Q3 24 | — | $49.8M | ||
| Q2 24 | — | $2.7M | ||
| Q1 24 | $1.5M | $69.1M |
自由现金流率KRMNRBCAA
| Q4 25 | 3.0% | 170.9% | ||
| Q3 25 | -5.6% | 32.9% | ||
| Q2 25 | -18.2% | 5.5% | ||
| Q1 25 | -18.6% | 67.4% | ||
| Q4 24 | — | 160.0% | ||
| Q3 24 | — | 56.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 1.8% | 57.5% |
资本支出强度KRMNRBCAA
| Q4 25 | 3.5% | 7.5% | ||
| Q3 25 | 5.7% | 2.6% | ||
| Q2 25 | 3.2% | 3.5% | ||
| Q1 25 | 5.0% | 1.2% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | 1.9% | 1.7% |
现金转化率KRMNRBCAA
| Q4 25 | 1.13× | 7.37× | ||
| Q3 25 | 0.02× | 1.12× | ||
| Q2 25 | -2.55× | 0.27× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 1.93× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | 1.45× | 2.33× |
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% |
RBCAA
暂无分部数据
