KRMN vs. EME

Last updated Jun 3, 2026

KRMN (Karman Holdings Inc.) and EME (EMCOR Group, Inc.) are both stocks. Both are in the Industrials sector — KRMN in Aerospace & Defense, EME in Engineering & Construction. Over the past year, KRMN returned 23.67% vs 76.52% for EME. At a 0.36 correlation, their price movements are largely independent.

Performance

KRMN vs. EME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Karman Holdings Inc. (KRMN) and EMCOR Group, Inc. (EME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KRMN achieves a -25.31% return, which is significantly lower than EME's 35.37% return.

KRMN

• 1D: 1.86%
• 1M: -16.86%
• YTD: -25.31%
• 6M: -14.38%
• 1Y: 23.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EME

• 1D: -0.44%
• 1M: -8.44%
• YTD: 35.37%
• 6M: 36.58%
• 1Y: 76.52%
• 3Y*: 68.84%
• 5Y*: 46.24%
• 10Y*: 33.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KRMN vs. EME - Yearly Performance Comparison

	2026 (YTD)	2025
KRMN Karman Holdings Inc.	-25.31%	143.49%
EME EMCOR Group, Inc.	35.37%	43.30%

Correlation

The correlation between KRMN and EME is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.36

Fundamentals

Market Cap KRMN : $7.24B EME : $37.27B
EPS KRMN : $0.23 EME : $29.65
PE Ratio KRMN : 241.48 EME : 27.90
PEG Ratio KRMN : 2.13 EME : 0.65
PS Ratio KRMN : 13.84 EME : 2.10
PB Ratio KRMN : 14.19 EME : 9.64
Total Revenue (TTM) KRMN : $522.59M EME : $17.75B
Gross Profit (TTM) KRMN : $183.01M EME : $3.47B
EBITDA (TTM) KRMN : $108.54M EME : $2.03B

Return for Risk

KRMN vs. EME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KRMN

KRMN Risk / Return Rank: 52
KRMN Sharpe Ratio Rank: 52
KRMN Sortino Ratio Rank: 52
KRMN Omega Ratio Rank: 51
KRMN Calmar Ratio Rank: 52
KRMN Martin Ratio Rank: 54

EME

EME Risk / Return Rank: 83
EME Sharpe Ratio Rank: 87
EME Sortino Ratio Rank: 81
EME Omega Ratio Rank: 85
EME Calmar Ratio Rank: 82
EME Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KRMN vs. EME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Karman Holdings Inc. (KRMN) and EMCOR Group, Inc. (EME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	KRMN	EME	Difference
Sharpe ratio Return per unit of total volatility	0.35	2.03	-1.68
Sortino ratio Return per unit of downside risk	0.93	2.42	-1.49
Omega ratio Gain probability vs. loss probability	1.12	1.36	-0.25
Calmar ratio Return relative to maximum drawdown	0.51	3.01	-2.49
Martin ratio Return relative to average drawdown	1.32	7.63	-6.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KRMN vs. EME - Sharpe Ratio Comparison

The current KRMN Sharpe Ratio is 0.35, which is lower than the EME Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of KRMN and EME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KRMN	EME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	2.03	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.60	+0.26

Drawdowns

KRMN vs. EME - Drawdown Comparison

The maximum KRMN drawdown since its inception was -53.47%, smaller than the maximum EME drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for KRMN and EME.

Drawdown Indicators

	KRMN	EME	Difference
Max Drawdown Largest peak-to-trough decline	-53.47%	-70.56%	+17.09%
Max Drawdown (1Y) Largest decline over 1 year	-53.47%	-25.15%	-28.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.00%	—
Current Drawdown Current decline from peak	-52.60%	-12.34%	-40.26%
Average Drawdown Average peak-to-trough decline	-12.99%	-15.37%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.77%	9.91%	+10.86%

Volatility

KRMN vs. EME - Volatility Comparison

Karman Holdings Inc. (KRMN) has a higher volatility of 22.88% compared to EMCOR Group, Inc. (EME) at 7.11%. This indicates that KRMN's price experiences larger fluctuations and is considered to be riskier than EME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KRMN	EME	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.88%	7.11%	+15.77%
Volatility (6M) Calculated over the trailing 6-month period	56.60%	25.46%	+31.14%
Volatility (1Y) Calculated over the trailing 1-year period	68.89%	37.96%	+30.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.40%	33.26%	+35.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.40%	32.95%	+35.45%

Dividends

KRMN vs. EME - Dividend Comparison

KRMN has not paid dividends to shareholders, while EME's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EME EMCOR Group, Inc.	0.16%	0.16%	0.20%	0.32%	0.36%	0.41%	0.35%	0.37%	0.54%	0.39%	0.45%	0.67%
KRMN Karman Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

KRMN vs. EME - Profitability Comparison

The chart below illustrates the profitability comparison between Karman Holdings Inc. and EMCOR Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KRMN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a gross profit of 63.87M and revenue of 151.21M. Therefore, the gross margin over that period was 42.2%.

EME - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EMCOR Group, Inc. reported a gross profit of 863.95M and revenue of 4.63B. Therefore, the gross margin over that period was 18.7%.

KRMN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported an operating income of 21.45M and revenue of 151.21M, resulting in an operating margin of 14.2%.

EME - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EMCOR Group, Inc. reported an operating income of 403.85M and revenue of 4.63B, resulting in an operating margin of 8.7%.

KRMN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a net income of 7.79M and revenue of 151.21M, resulting in a net margin of 5.2%.

EME - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EMCOR Group, Inc. reported a net income of 305.48M and revenue of 4.63B, resulting in a net margin of 6.6%.

Frequently Asked Questions

Can I hold both KRMN and EME in my portfolio?

KRMN and EME have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KRMN or EME?

KRMN has higher volatility (22.88%) compared to EME (7.11%). In terms of maximum drawdown, KRMN dropped -53.47% vs EME's -70.56%.

Which has better risk-adjusted returns?

EME currently has the higher Sharpe Ratio (2.03 vs 0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.