Firefly Aerospace (FLY) vs Karman (KRMN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Firefly Aerospace (FLY) has outperformed Karman (KRMN) over the past year, losing 24.4% versus a loss of 58.3%. Karman is the larger company by market cap ($4.16 billion vs $3.60 billion), about 1.2 times the size, while Firefly Aerospace is growing revenue faster (+163.0% vs +36.6%). Karman converts more of its revenue into profit, with a net margin of 3.7% versus -186.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FLY | KRMN |
|---|---|---|
| Share price | $21.51 | $31.39 |
| Market cap | $3.60B | $4.16B |
| 1-day change | -5.78% | -5.71% |
| YTD return | -3.84% | -57.10% |
| 1-year return | -24.37% | -58.26% |
| P/E ratio (TTM) | — | 112.11 |
| Forward P/E | — | 32.75 |
| EPS (TTM) | $-0.26 | $0.28 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $159.85M | $471.50M |
| Revenue growth (YoY) | +162.95% | +36.57% |
| Net income (latest FY) | $-298.34M | $17.37M |
| Gross margin | 19.18% | 40.30% |
| Operating margin | -163.08% | 15.47% |
| Net margin | -186.63% | 3.68% |
| 52-week high | $62.17 | $118.38 |
| 52-week low | $16.00 | $30.97 |
| Distance from 52-week high | -65.40% | -73.48% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +79.45% | +180.98% |
| Average volume | 3.16M | 3.48M |
| Shares outstanding | 167.40M | 132.53M |
| Employees | 1,409 | 1,400 |
| Sector | Industrials | Industrials |
| Industry | Military/Government/Technical | Military/Government/Technical |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FLY has outperformed KRMN by 33.9 percentage points over the past year.
- Karman is more profitable, keeping 3.7 cents of every revenue dollar as net income versus -186.6 cents for Firefly Aerospace.
- Firefly Aerospace grew revenue faster in its latest fiscal year (+162.95% vs +36.57%).
About Firefly Aerospace
FLY stock →Firefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers in United States.
Industrials · Military/Government/Technical · 1,409 employees
About Karman
KRMN stock →Karman Holdings Inc., through its subsidiary, engages in designing, testing, manufacturing, and sale of mission-critical systems in the United States. The company offers payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems.
Industrials · Military/Government/Technical · 1,400 employees
FLY vs KRMN FAQ
Which is bigger, Firefly Aerospace or Karman?
Karman (KRMN) is larger, with a market capitalization of $4.16B compared with $3.60B for Firefly Aerospace (FLY).
Which stock has performed better over the past year, FLY or KRMN?
FLY returned -24.37% over the past 12 months, compared with -58.26% for KRMN (price return, excluding dividends). Past performance does not predict future results.
Are Firefly Aerospace and Karman in the same industry?
Yes. Both are classified in the Military/Government/Technical industry within the Industrials sector.