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Cpi Aerostructures vs Karman: revenue, profit, margins and growth compared

Cpi Aerostructures brought in $69.3M of revenue in fiscal 2025, Karman $471.5M in fiscal 2025. Revenue changed by -14.6% at Cpi Aerostructures and +36.6% at Karman on the year before, so Karman grew faster. Cpi Aerostructures kept -1.2% of its revenue as net profit, Karman 3.7%. Free cash flow was -$5.3M at Cpi Aerostructures and -$42.5M at Karman.

Side by side, latest fiscal year

CVUKRMN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$69.3M$471.5M
Revenue growth-14.6%+36.6%
Net income-$843.4K$17.4M
Net margin-1.2%3.7%
Free cash flow-$5.3M-$42.5M
Free cash flow margin-7.6%-9.0%
Earnings per share (diluted)-$0.07$0.13
Cash$899.2K$34M
Debt$10M$3.8M
Price to earningsn/a274.5
Market value$67.3M$4.7B
Dividend yieldn/an/a
Rank by revenue in sector#393 of 451 · Industrials#327 of 451 · Industrials

Over the years

Revenue
CVU FY2018: $83.9MCVU FY2019: $87.5MCVU FY2020: $87.6MCVU FY2021: $103.4MCVU FY2022: $83.3MCVU FY2023: $86.5MCVU FY2024: $81.1MCVU FY2025: $69.3MKRMN FY2022: $226.3MKRMN FY2024: $280.7MKRMN FY2024: $345.3MKRMN FY2025: $471.5MFY18FY19FY20FY21FY22FY23FY24FY25
CVU $69.3MKRMN $471.5M
Net income
CVU FY2018: -$7.5MCVU FY2019: -$6.8MCVU FY2020: -$3.7MCVU FY2021: $6.8MCVU FY2022: $9.2MCVU FY2023: $17.2MCVU FY2024: $3.3MCVU FY2025: -$843.4KKRMN FY2022: -$14.1MKRMN FY2024: $4.4MKRMN FY2024: $12.7MKRMN FY2025: $17.4MFY18FY19FY20FY21FY22FY23FY24FY25
CVU -$843.4KKRMN $17.4M
Net margin
CVU FY2018: -9.0%CVU FY2019: -7.7%CVU FY2020: -4.2%CVU FY2021: 6.6%CVU FY2022: 11.0%CVU FY2023: 19.9%CVU FY2024: 4.1%CVU FY2025: -1.2%KRMN FY2022: -6.2%KRMN FY2024: 1.6%KRMN FY2024: 3.7%KRMN FY2025: 3.7%FY18FY19FY20FY21FY22FY23FY24FY25
CVU -1.2%KRMN 3.7%
Revenue growth
CVU FY2019: +4.3%CVU FY2020: +0.1%CVU FY2021: +18.0%CVU FY2022: -19.4%CVU FY2023: +3.8%CVU FY2024: -6.2%CVU FY2025: -14.6%KRMN FY2024: +24.0%KRMN FY2024: +23.0%KRMN FY2025: +36.6%FY19FY20FY21FY22FY23FY24FY25
CVU -14.6%KRMN +36.6%
Free cash flow
CVU FY2018: -$3.2MCVU FY2019: -$814KCVU FY2020: -$1.7MCVU FY2021: $2.8MCVU FY2022: $903.5KCVU FY2023: $3.8MCVU FY2024: $3.2MCVU FY2025: -$5.3MKRMN FY2022: -$27.2MKRMN FY2024: $3.6MKRMN FY2024: $11.4MKRMN FY2025: -$42.5MFY18FY19FY20FY21FY22FY23FY24FY25
CVU -$5.3MKRMN -$42.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cpi Aerostructures and Karman

Which is bigger by revenue, Cpi Aerostructures or Karman?

Karman is bigger by revenue: $471.5M in fiscal 2025, against $69.3M for Cpi Aerostructures in fiscal 2025.

Which keeps more of its revenue as profit, Cpi Aerostructures or Karman?

Cpi Aerostructures had a net margin of -1.2% in fiscal 2025; Karman had 3.7% in fiscal 2025.

Which grew revenue faster, Cpi Aerostructures or Karman?

In their latest fiscal years revenue changed by -14.6% at Cpi Aerostructures and +36.6% at Karman.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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