Stocks Comparison
EHang vs Karman: revenue, profit, margins and growth compared
EHang brought in $59.8M of revenue in fiscal 2025, Karman $471.5M in fiscal 2025. Revenue changed by -4.4% at EHang and +36.6% at Karman on the year before, so Karman grew faster. EHang kept -66.0% of its revenue as net profit, Karman 3.7%. Free cash flow was -$46.8M at EHang and -$42.5M at Karman.
Side by side, latest fiscal year
| EH | KRMN | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $59.8M | $471.5M |
| Revenue growth | -4.4% | +36.6% |
| Net income | -$39.5M | $17.4M |
| Net margin | -66.0% | 3.7% |
| Free cash flow | -$46.8M | -$42.5M |
| Free cash flow margin | -78.3% | -9.0% |
| Earnings per share (diluted) | -$0.27 | $0.13 |
| Cash | $36.7M | $34M |
| Debt | $13.2M | $3.8M |
| Price to earnings | n/a | 274.5 |
| Market value | $324.7M | $4.7B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #398 of 451 · Industrials | #327 of 451 · Industrials |
Over the years
Questions about EHang and Karman
Which is bigger by revenue, EHang or Karman?
Karman is bigger by revenue: $471.5M in fiscal 2025, against $59.8M for EHang in fiscal 2025.
Which keeps more of its revenue as profit, EHang or Karman?
EHang had a net margin of -66.0% in fiscal 2025; Karman had 3.7% in fiscal 2025.
Which grew revenue faster, EHang or Karman?
In their latest fiscal years revenue changed by -4.4% at EHang 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.