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Karman HoldingsKRMN -0.02%16 ROC (Joel Greenblatt) % is 40.09% as of Mar. 2026, which is 6% below its 10-year median of 42.82. GuruFocus rates KRMN with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 357 Aerospace & Defense companies, Karman Holdings ranks better than 85.43% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Karman Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.09%.
The historical rank and industry rank for Karman Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
KRMN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.85 Med: 42.82 Max: 50.19
Current: 50.19
During the past 4 years, Karman Holdings's highest ROC (Joel Greenblatt) % was 50.19%. The lowest was 15.85%. And the median was 42.82%.
KRMN's ROC (Joel Greenblatt) % is ranked better than 85.43% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs KRMN: 50.19
Karman Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Karman Holdings ROC (Joel Greenblatt) % Related Terms
Karman Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Karman Holdings's ROC (Joel Greenblatt) % 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 VSEC, MRCY, AIR: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Karman Holdings's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Karman Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Karman Holdings's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 40.09% mean?
Karman Holdings (KRMN) has a ROC (Joel Greenblatt) % of 40.09% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Karman Holdings and its competitors. This is near median its historical median of 42.82. Over the past decade, Karman Holdings' ROC (Joel Greenblatt) % has ranged from 15.85 to 50.19. According to the industry distribution chart, Karman Holdings ranks #52 out of 357 companies in the Aerospace & Defense industry, placing it in the top 14.6%.
Is Karman Holdings' ROC (Joel Greenblatt) % too high?
Karman Holdings' current ROC (Joel Greenblatt) % of 40.09% is near median its 10-year median of 42.82. Over the past 10 years, this metric has ranged from a low of 15.85 to a high of 50.19. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Karman Holdings' value of 40.09% is 272.6% above this industry median. Based on the distribution chart, Karman Holdings ranks #52 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position 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' ROC (Joel Greenblatt) % compare to VSEC and MRCY?
According to the Aerospace & Defense industry distribution chart, Karman Holdings ranks #52 out of 357 companies for ROC (Joel Greenblatt) %. This places Karman Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.76. Karman Holdings' value of 40.09% is 272.6% above this benchmark. Historically, Karman Holdings' own ROC (Joel Greenblatt) % has ranged from 15.85 to 50.19 over the past decade. While the company's 10-year median is 42.82 vs. the industry median of 10.76, 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 ROC (Joel Greenblatt) % for an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Karman Holdings's current ROC (Joel Greenblatt) % of 40.09% is 272.6% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Karman Holdings and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karman Holdings's current ROC (Joel Greenblatt) % is 40.09%, which is near median its own 10-year median of 42.82. 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 ROC (Joel Greenblatt) % of 40.09%. The current ROC (Joel Greenblatt) % is 40.09%, which is near median its 10-year median of 42.82 and 272.6% above the Aerospace & Defense industry median of 10.76. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Karman Holdings (KRMN), the current ROC (Joel Greenblatt) % is 40.09% 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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