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Karman HoldingsKRMN -0.83%16 Debt-to-EBITDA is 5.72 as of Mar. 2026, which is 11% above its 10-year median of 5.14. GuruFocus rates KRMN with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 254 Aerospace & Defense companies, Karman Holdings ranks worse than 87.01% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Karman Holdings's Debt-to-EBITDA or its related term are showing as below:
KRMN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.58 Med: 5.14 Max: 7.31
Current: 6.26
During the past 4 years, the highest Debt-to-EBITDA Ratio of Karman Holdings was 7.31. The lowest was 4.58. And the median was 5.14.
KRMN's Debt-to-EBITDA is ranked worse than 87.01% of 254
companies
in the Aerospace & Defense industry
Industry Median: 1.795
vs KRMN: 6.26
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Karman Holdings Debt-to-EBITDA Related Terms
Karman Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Karman Holdings's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
KRMN vs MRCY, LOAR, VSEC: Debt-to-EBITDA Comparison
For the Aerospace & Defense subindustry, Karman Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Karman Holdings Debt-to-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Karman Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Karman Holdings's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Karman Holdings (KRMN) has a Debt-to-EBITDA of 5.72 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Karman Holdings. This is 11% above median its historical median of 5.14. Over the past decade, Karman Holdings' Debt-to-EBITDA has ranged from 4.58 to 7.31. According to the industry distribution chart, Karman Holdings ranks #221 out of 254 companies in the Aerospace & Defense industry, placing it in the top 87%.
Is Karman Holdings' Debt-to-EBITDA too high?
Karman Holdings' current Debt-to-EBITDA of 5.72 is 11% above median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 4.58 to a high of 7.31. The Aerospace & Defense industry median Debt-to-EBITDA is 1.80. Karman Holdings' value of 5.72 is 218.7% above this industry median. Based on the distribution chart, Karman Holdings ranks #221 out of 254 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Karman Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Karman Holdings' Debt-to-EBITDA compare to MRCY and LOAR?
According to the Aerospace & Defense industry distribution chart, Karman Holdings ranks #221 out of 254 companies for Debt-to-EBITDA. This places Karman Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 1.80. Karman Holdings' value of 5.72 is 218.7% above this benchmark. Historically, Karman Holdings' own Debt-to-EBITDA has ranged from 4.58 to 7.31 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 1.80, Karman Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Aerospace & Defense company?
The median Debt-to-EBITDA among Aerospace & Defense companies is 1.80, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Karman Holdings's current Debt-to-EBITDA of 5.72 is 218.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Karman Holdings. For the Aerospace & Defense industry, the median Debt-to-EBITDA is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karman Holdings's current Debt-to-EBITDA is 5.72, which is 11% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karman Holdings stock overvalued right now?
Karman Holdings (KRMN) has a current Debt-to-EBITDA of 5.72. The current Debt-to-EBITDA is 5.72, which is 11% above median its 10-year median of 5.14 and 218.7% above the Aerospace & Defense industry median of 1.80. Karman Holdings' overall GF Score™ is 16/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Karman Holdings (KRMN), the current Debt-to-EBITDA is 5.72 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Karman Holdings Inc specializes in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Its integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (DoD) and space sector initiatives. Its engineered solutions are organized into three key families: Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems. The company's solutions are deployed across three growing, core end markets: Hypersonics & Strategic Missile Defense, Missile & Integrated Defense Systems, and Space & Launch.
16GF Score
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