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KRMN vs. HWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

KRMN vs. HWM - Performance Comparison

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

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Returns By Period

In the year-to-date period, KRMN achieves a -29.15% return, which is significantly lower than HWM's 21.39% return.


KRMN

1D
-5.14%
1M
-20.64%
YTD
-29.15%
6M
-21.55%
1Y
18.60%
3Y*
5Y*
10Y*

HWM

1D
-0.83%
1M
3.77%
YTD
21.39%
6M
28.10%
1Y
44.37%
3Y*
77.12%
5Y*
48.28%
10Y*
31.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KRMN vs. HWM - Yearly Performance Comparison


2026 (YTD)2025
KRMN
Karman Holdings Inc.
-29.15%143.49%
HWM
Howmet Aerospace Inc.
21.39%60.37%

Correlation

The correlation between KRMN and HWM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Feb 14, 2025

0.34

Fundamentals

Market Cap

KRMN:

$6.87B

HWM:

$100.20B

EPS

KRMN:

$0.23

HWM:

$4.31

PE Ratio

KRMN:

229.06

HWM:

57.70

PEG Ratio

KRMN:

2.02

HWM:

0.98

PS Ratio

KRMN:

13.13

HWM:

11.67

PB Ratio

KRMN:

13.46

HWM:

18.15

Total Revenue (TTM)

KRMN:

$522.59M

HWM:

$8.62B

Gross Profit (TTM)

KRMN:

$183.01M

HWM:

$2.81B

EBITDA (TTM)

KRMN:

$108.54M

HWM:

$2.66B

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Return for Risk

KRMN vs. HWM — Risk / Return Rank

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

KRMN
KRMN Risk / Return Rank: 4949
Overall Rank
KRMN Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
KRMN Sortino Ratio Rank: 5050
Sortino Ratio Rank
KRMN Omega Ratio Rank: 4949
Omega Ratio Rank
KRMN Calmar Ratio Rank: 4848
Calmar Ratio Rank
KRMN Martin Ratio Rank: 5050
Martin Ratio Rank

HWM
HWM Risk / Return Rank: 7979
Overall Rank
HWM Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
HWM Sortino Ratio Rank: 7777
Sortino Ratio Rank
HWM Omega Ratio Rank: 7373
Omega Ratio Rank
HWM Calmar Ratio Rank: 8080
Calmar Ratio Rank
HWM Martin Ratio Rank: 8383
Martin Ratio Rank
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. HWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Karman Holdings Inc. (KRMN) and Howmet Aerospace Inc. (HWM). 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.


KRMNHWMDifference
Sharpe ratioReturn per unit of total volatility

-1.19

Sortino ratioReturn per unit of downside risk

-1.31

Omega ratioGain probability vs. loss probability

1.11

1.25

-0.15

Calmar ratioReturn relative to maximum drawdown

0.34

2.81

-2.47

Martin ratioReturn relative to average drawdown

0.89

8.10

-7.21

KRMN vs. HWM - Sharpe Ratio Comparison

The current KRMN Sharpe Ratio is 0.27, which is lower than the HWM Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of KRMN and HWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


KRMNHWMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.27

1.46

-1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.21

+0.55

Drawdowns

KRMN vs. HWM - Drawdown Comparison

The maximum KRMN drawdown since its inception was -55.04%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for KRMN and HWM.


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Drawdown Indicators


KRMNHWMDifference

Max Drawdown

Largest peak-to-trough decline

-55.04%

-88.30%

+33.26%

Max Drawdown (1Y)

Largest decline over 1 year

-55.04%

-15.89%

-39.15%

Max Drawdown (3Y)

Largest decline over 3 years

-19.41%

Max Drawdown (5Y)

Largest decline over 5 years

-23.19%

Max Drawdown (10Y)

Largest decline over 10 years

-64.81%

Current Drawdown

Current decline from peak

-55.04%

-9.12%

-45.92%

Average Drawdown

Average peak-to-trough decline

-13.11%

-31.02%

+17.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.06%

5.49%

+15.57%

Volatility

KRMN vs. HWM - Volatility Comparison

Karman Holdings Inc. (KRMN) has a higher volatility of 23.30% compared to Howmet Aerospace Inc. (HWM) at 11.35%. This indicates that KRMN's price experiences larger fluctuations and is considered to be riskier than HWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


KRMNHWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.30%

11.35%

+11.95%

Volatility (6M)

Calculated over the trailing 6-month period

56.62%

24.03%

+32.59%

Volatility (1Y)

Calculated over the trailing 1-year period

69.04%

30.55%

+38.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

68.47%

32.03%

+36.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

68.47%

39.78%

+28.69%

Dividends

KRMN vs. HWM - Dividend Comparison

KRMN has not paid dividends to shareholders, while HWM's dividend yield for the trailing twelve months is around 0.19%.


PositionTTM20252024202320222021202020192018201720162015
HWM
Howmet Aerospace Inc.
0.19%0.21%0.24%0.31%0.25%0.13%0.05%0.39%1.42%0.88%40.49%1.22%
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. HWM - Financials Comparison

This section allows you to compare key financial metrics between Karman Holdings Inc. and Howmet Aerospace Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50B2.00BJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026
151.21M
2.31B
(KRMN) Total Revenue
(HWM) Total Revenue
Values in USD except per share items

KRMN vs. HWM - Profitability Comparison

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

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

20.0%25.0%30.0%35.0%40.0%JulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026
42.2%
36.9%
Portfolio components
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%.

HWM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a gross profit of 854.00M and revenue of 2.31B. Therefore, the gross margin over that period was 36.9%.

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%.

HWM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.

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%.

HWM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.


Frequently Asked Questions


KRMN and HWM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KRMN has higher volatility (23.30%) compared to HWM (11.35%). In terms of maximum drawdown, KRMN dropped -55.04% vs HWM's -88.30%.

HWM currently has the higher Sharpe Ratio (1.46 vs 0.27), 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.

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