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Astronics vs Karman Holdings: ATRO and KRMN compared
Astronics is the larger company: $260M of revenue in its latest quarter (Q2 2026) against $202M for Karman Holdings (Q3 2026). Karman Holdings is growing faster (+66% against +27% a year earlier). Karman Holdings is more profitable, with an operating margin of 15.7% against 15.6%.
Where the money goes: ATRO and KRMN
Astronics (ATRO) · Q2 2026
Astronics, Q2 2026: revenue $260M (+27% year over year), operating margin 15.6%, net earnings $35.1M, operating cash flow $30.1M. 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.
| Astronics (ATRO) | Karman Holdings (KRMN) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $260M | $202M |
| Revenue growth, Y/Y | +27% | +66% |
| Gross margin | 33.4% | 42.7% |
| Operating margin | 15.6% | 15.7% |
| Net earnings | $35.1M | $20.9M |
| Net margin | 13.5% | 10.4% |
| Operating cash flow | $30.1M | $26.7M |
| Free cash flow | $24.4M | $13.4M |
Where the revenue comes from
Astronics
- Aerospace: $237M (91%)
- Test Systems Segment: $22.7M (9%)
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, Astronics or Karman Holdings?
Astronics is the larger company: $260M of revenue in its latest quarter (Q2 2026) against $202M for Karman Holdings (Q3 2026).
Is Astronics or Karman Holdings growing faster?
Karman Holdings is growing faster (+66% against +27% a year earlier).
Which is more profitable, Astronics or Karman Holdings?
Karman Holdings is more profitable, with an operating margin of 15.7% against 15.6%.
More: Astronics earnings · how Astronics makes money · Karman Holdings earnings · how Karman Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.