Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Karman HoldingsHAM:VF4 -2.83%22 Debt-to-Equity is 2.08 as of Jun. 2026, which is 1% below its 10-year median of 2.11. GuruFocus rates HAM:VF4 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 312 Aerospace & Defense companies, Karman Holdings ranks worse than 92.63% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Karman Holdings's Debt-to-Equity or its related term are showing as below:
HAM:VF4'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 2.11 Max: 2.29
Current: 2.08
During the past 4 years, the highest Debt-to-Equity Ratio of Karman Holdings was 2.29. The lowest was 1.20. And the median was 2.11.
HAM:VF4's Debt-to-Equity is ranked worse than 92.63% of 312
companies
in the Aerospace & Defense industry
Industry Median: 0.315
vs HAM:VF4: 2.08
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Karman Holdings Debt-to-Equity Related Terms
Karman Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Karman Holdings's Debt-to-Equity 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.
HAM:VF4 vs MRCY, LOAR, VSEC: Debt-to-Equity Comparison
For the Aerospace & Defense subindustry, Karman Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Karman Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Karman Holdings's Debt-to-Equity 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.
Karman Holdings (HAM:VF4) has a Debt-to-Equity of 2.08 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Karman Holdings and its competitors. This is near median its historical median of 2.11. Over the past decade, Karman Holdings' Debt-to-Equity has ranged from 1.20 to 2.29. According to the industry distribution chart, Karman Holdings ranks #289 out of 312 companies in the Aerospace & Defense industry, placing it in the top 92.6%.
Is Karman Holdings' Debt-to-Equity too high?
Karman Holdings' current Debt-to-Equity of 2.08 is near median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 2.29. The Aerospace & Defense industry median Debt-to-Equity is 0.32. Karman Holdings' value of 2.08 is 560.3% above this industry median. Based on the distribution chart, Karman Holdings ranks #289 out of 312 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Karman Holdings has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Karman Holdings' Debt-to-Equity compare to MRCY and LOAR?
According to the Aerospace & Defense industry distribution chart, Karman Holdings ranks #289 out of 312 companies for Debt-to-Equity. This places Karman Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.32. Karman Holdings' value of 2.08 is 560.3% above this benchmark. Historically, Karman Holdings' own Debt-to-Equity has ranged from 1.20 to 2.29 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 0.32, 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-Equity for an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.32, based on 312 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Karman Holdings's current Debt-to-Equity of 2.08 is 560.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Karman Holdings and its competitors. For the Aerospace & Defense industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karman Holdings's current Debt-to-Equity is 2.08, which is near median its own 10-year median of 2.11. 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 (HAM:VF4) has a current Debt-to-Equity of 2.08. The current Debt-to-Equity is 2.08, which is near median its 10-year median of 2.11 and 560.3% above the Aerospace & Defense industry median of 0.32. Karman Holdings' overall GF Score™ is 22/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Karman Holdings (HAM:VF4), the current Debt-to-Equity is 2.08 as of Jun. 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.
22GF Score
Get the complete analysis for HAM:VF4
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:VF4 has been successfully added to your 
