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Ducommun vs Karman: revenue, profit, margins and growth compared

Ducommun brought in $824.8M of revenue in fiscal 2025, Karman $471.5M in fiscal 2025. Revenue changed by +4.9% at Ducommun and +36.6% at Karman on the year before, so Karman grew faster. Ducommun kept -4.5% of its revenue as net profit, Karman 3.7%. Free cash flow was -$48.6M at Ducommun and -$42.5M at Karman.

Side by side, latest fiscal year

DCOKRMN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$824.8M$471.5M
Revenue growth+4.9%+36.6%
Net income-$37.4M$17.4M
Net margin-4.5%3.7%
Free cash flow-$48.6M-$42.5M
Free cash flow margin-5.9%-9.0%
Earnings per share (diluted)-$2.50$0.13
Cash$45.3M$34M
Debt$298.8M$3.8M
Price to earningsn/a274.5
Market value$2.6B$4.7B
Dividend yieldn/an/a
Rank by revenue in sector#284 of 451 · Industrials#327 of 451 · Industrials

Over the years

Revenue
DCO FY2018: $629.3MDCO FY2019: $721.1MDCO FY2020: $628.9MDCO FY2021: $645.4MDCO FY2022: $712.5MDCO FY2023: $757MDCO FY2024: $786.4MDCO FY2025: $824.8MKRMN FY2022: $226.3MKRMN FY2024: $280.7MKRMN FY2024: $345.3MKRMN FY2025: $471.5MFY18FY19FY20FY21FY22FY23FY24FY25
DCO $824.8MKRMN $471.5M
Net income
DCO FY2018: $9MDCO FY2019: $32.5MDCO FY2020: $29.2MDCO FY2021: $135.5MDCO FY2022: $28.8MDCO FY2023: $15.9MDCO FY2024: $21.7MDCO FY2025: -$37.4MKRMN FY2022: -$14.1MKRMN FY2024: $4.4MKRMN FY2024: $12.7MKRMN FY2025: $17.4MFY18FY19FY20FY21FY22FY23FY24FY25
DCO -$37.4MKRMN $17.4M
Net margin
DCO FY2018: 1.4%DCO FY2019: 4.5%DCO FY2020: 4.6%DCO FY2021: 21.0%DCO FY2022: 4.0%DCO FY2023: 2.1%DCO FY2024: 2.8%DCO FY2025: -4.5%KRMN FY2022: -6.2%KRMN FY2024: 1.6%KRMN FY2024: 3.7%KRMN FY2025: 3.7%FY18FY19FY20FY21FY22FY23FY24FY25
DCO -4.5%KRMN 3.7%
Revenue growth
DCO FY2019: +14.6%DCO FY2020: -12.8%DCO FY2021: +2.6%DCO FY2022: +10.4%DCO FY2023: +6.2%DCO FY2024: +3.9%DCO FY2025: +4.9%KRMN FY2024: +24.0%KRMN FY2024: +23.0%KRMN FY2025: +36.6%FY19FY20FY21FY22FY23FY24FY25
DCO +4.9%KRMN +36.6%
Free cash flow
DCO FY2018: $28.6MDCO FY2019: $32.7MDCO FY2020: $101KDCO FY2021: -$17.4MDCO FY2022: $13MDCO FY2023: $11.5MDCO FY2024: $20.1MDCO FY2025: -$48.6MKRMN FY2022: -$27.2MKRMN FY2024: $3.6MKRMN FY2024: $11.4MKRMN FY2025: -$42.5MFY18FY19FY20FY21FY22FY23FY24FY25
DCO -$48.6MKRMN -$42.5M

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

Questions about Ducommun and Karman

Which is bigger by revenue, Ducommun or Karman?

Ducommun is bigger by revenue: $824.8M in fiscal 2025, against $471.5M for Karman in fiscal 2025.

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

Ducommun had a net margin of -4.5% in fiscal 2025; Karman had 3.7% in fiscal 2025.

Which grew revenue faster, Ducommun or Karman?

In their latest fiscal years revenue changed by +4.9% at Ducommun 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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