Karman Space & Defense Valuation Multiples

Karman Space & Defense Overview

About Karman Space & Defense

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.

Founded

2020

HQ

Employees

1.1K

Website

karman-sd.com

Sectors

Aircraft & Space SystemsDefense SystemsDefenseTech

Financials (LTM)

Revenue: $513M

EBITDA: $157M

EV

$12B

Valuation Multiples

Multiples.vc

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Karman Space & Defense Financials

Karman Space & Defense reported last 12-month revenue of $513M and EBITDA of $157M.

In the same LTM period, Karman Space & Defense generated $215M in gross profit, $157M in EBITDA, and $32M in net income.

Karman Space & Defense P&L

In the most recent fiscal year, Karman Space & Defense reported revenue of $345M and EBITDA of $106M.

Karman Space & Defense expects next 12-month revenue of XXX and NTM EBITDA of XXX

Karman Space & Defense Stock Performance

Karman Space & Defense has current market cap of $12B, and enterprise value of $12B.

Karman Space & Defense's stock price is $88.11.

Karman Space & Defense Valuation Multiples

Karman Space & Defense trades at 23.6x EV/Revenue multiple, and 77.3x EV/EBITDA.

Karman Space & Defense Financial Valuation Multiples

As of March 7, 2026, Karman Space & Defense has market cap of $12B and EV of $12B.

Equity research analysts estimate Karman Space & Defense's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Karman Space & Defense has a P/E ratio of 367.3x.

Karman Space & Defense Margins & Growth Rates

Karman Space & Defense's revenue in the last 12 month grew by 45%.

Karman Space & Defense's revenue per employee in the last FY averaged $0.5M.

Karman Space & Defense's rule of 40 is 76% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Karman Space & Defense's rule of X is 144% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Karman Space & Defense Public Comps

See public comps and valuation multiples for other Aircraft & Space Systems and Defense Systems comps.

Karman Space & Defense M&A Activity

Karman Space & Defense acquired XXX companies to date.

Last acquisition by Karman Space & Defense was on XXXXXXXX, XXXXX. Karman Space & Defense acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Karman Space & Defense Investment Activity

Karman Space & Defense invested in XXX companies to date.

Karman Space & Defense made its latest investment on XXXXXXXX, XXXXX. Karman Space & Defense invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).