KRMN (Karman Holdings) Scaled Net Operating Assets: 1.09 (As of Mar. 2026)


KRMN Karman Holdings Inc KRMN
16 GF Score
Price $56.37
! 2 Warning Signs
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What is Karman Holdings Scaled Net Operating Assets?

Karman Holdings KRMN +2.62% 16 Scaled Net Operating Assets is 1.09 as of Mar. 2026. GuruFocus rates KRMN with a GF Score™ of 16/100. The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Karman Holdings's operating assets for the quarter that ended in Mar. 2026 was $1,343.9 Mil. Karman Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $145.1 Mil. Karman Holdings's Total Assets for the quarter that ended in Dec. 2025 was $1,104.1 Mil. Therefore, Karman Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.09.


Karman Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Karman Holdings's Scaled Net Operating Assets 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.

Karman Holdings Scaled Net Operating Assets Chart

Karman Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.84 0.86 0.89 1.21

Karman Holdings Quarterly Data
Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.85 0.94 0.87 0.97 1.09

KRMN vs VSEC, MRCY, AIR: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Karman Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Karman Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Karman Holdings's Scaled Net Operating Assets falls into.


KRMN
16GF Score
Karman Holdings Inc KRMN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Karman Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Karman Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1070.137-134.097)/773.96
=1.21

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1104.096 - 33.959
=1070.137

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=721.405 - 577.256 - 10.052
=134.097

Karman Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1343.94-145.055)/1104.096
=1.09

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1417.738 - 73.798
=1343.94

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1012.047 - 854.575 - 12.417
=145.055

* 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 Scaled Net Operating Assets of 1.09 mean?
Karman Holdings (KRMN) has a Scaled Net Operating Assets of 1.09 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Karman Holdings and its competitors.
Is Karman Holdings' Scaled Net Operating Assets too high?
Karman Holdings' current Scaled Net Operating Assets is 1.09. Overall, Karman Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Karman Holdings' Scaled Net Operating Assets compare to VSEC and MRCY?
Karman Holdings' Scaled Net Operating Assets of 1.09 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Karman Holdings and its competitors. Karman Holdings's current Scaled Net Operating Assets is 1.09. 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 Scaled Net Operating Assets of 1.09. The current Scaled Net Operating Assets is 1.09. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Karman Holdings (KRMN), the current Scaled Net Operating Assets is 1.09 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 Business Description

Other Exchanges KRMN:MexicoVF4:Germany
Address 5351 Argosy Avenue, Huntington Beach, CA, USA, 92649
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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