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Arxis vs Karman Holdings: ARXS and KRMN compared
Arxis is the larger company: $564M of revenue in its latest quarter (Q3 2026) against $202M for Karman Holdings (Q3 2026). Karman Holdings is growing faster (+66% against +36% a year earlier). Arxis is more profitable, with an operating margin of 23.7% against 15.7%.
Where the money goes: ARXS and KRMN
Arxis (ARXS) · Q3 2026
Arxis, Q3 2026: revenue $564M (+36% year over year), operating margin 23.7%, net earnings $83.7M, operating cash flow $169M. The chart follows the revenue to costs, profit and cash.
Karman Holdings (KRMN) · Q3 2026
Karman Holdings, Q3 2026: revenue $202M (+66% year over year), operating margin 15.7%, net earnings $20.9M, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.
| Arxis (ARXS) | Karman Holdings (KRMN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $564M | $202M |
| Revenue growth, Y/Y | +36% | +66% |
| Gross margin | 54.3% | 42.7% |
| Operating margin | 23.7% | 15.7% |
| Net earnings | $83.7M | $20.9M |
| Net margin | 14.8% | 10.4% |
| Operating cash flow | $169M | $26.7M |
| Free cash flow | $150M | $13.4M |
| Market value | $21.3B | — |
| P/E | 96.1× | — |
| Analysts’ mean target | $66.50 | — |
Where the revenue comes from
Karman Holdings
- Tactical Missile and Integrated Defense Systems: $67.6M (34%)
- Hypersonic and Strategic Missile Defense: $51.1M (25%)
- Maritime Defense Systems: $45.0M (22%)
- Space and Launch: $37.9M (19%)
Questions
Which is bigger, Arxis or Karman Holdings?
Arxis is the larger company: $564M of revenue in its latest quarter (Q3 2026) against $202M for Karman Holdings (Q3 2026).
Is Arxis or Karman Holdings growing faster?
Karman Holdings is growing faster (+66% against +36% a year earlier).
Which is more profitable, Arxis or Karman Holdings?
Arxis is more profitable, with an operating margin of 23.7% against 15.7%.
More: Arxis earnings · how Arxis makes money · Karman Holdings earnings · how Karman Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.