KRMN vs. MRCY

Last updated Apr 2, 2026

Compare and contrast key facts about Karman Holdings Inc. (KRMN) and Mercury Systems, Inc. (MRCY).

Performance

KRMN vs. MRCY - Performance Comparison

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

KRMN vs. MRCY - Yearly Performance Comparison

	2026 (YTD)	2025
KRMN Karman Holdings Inc.	13.01%	143.49%
MRCY Mercury Systems, Inc.	2.38%	59.97%

Fundamentals

Market Cap KRMN : $10.94B MRCY : $4.44B
EPS KRMN : $0.22 MRCY : -$1.12
PS Ratio KRMN : 23.21 MRCY : 5.02
PB Ratio KRMN : 23.21 MRCY : 3.04
Total Revenue (TTM) KRMN : $471.50M MRCY : $880.80M
Gross Profit (TTM) KRMN : $190.03M MRCY : $237.75M
EBITDA (TTM) KRMN : $93.58M MRCY : $9.75M

Returns By Period

In the year-to-date period, KRMN achieves a 13.01% return, which is significantly higher than MRCY's 2.38% return.

KRMN

• 1D: 3.30%
• 1M: -11.12%
• YTD: 13.01%
• 6M: 12.55%
• 1Y: 145.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRCY

• 1D: 2.52%
• 1M: -17.87%
• YTD: 2.38%
• 6M: -7.92%
• 1Y: 71.88%
• 3Y*: 13.50%
• 5Y*: 0.64%
• 10Y*: 13.56%

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

Return for Risk

KRMN vs. MRCY — Risk / Return Rank

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

KRMN

KRMN Risk / Return Rank: 88
KRMN Sharpe Ratio Rank: 91
KRMN Sortino Ratio Rank: 85
KRMN Omega Ratio Rank: 85
KRMN Calmar Ratio Rank: 91
KRMN Martin Ratio Rank: 90

MRCY

MRCY Risk / Return Rank: 79
MRCY Sharpe Ratio Rank: 80
MRCY Sortino Ratio Rank: 76
MRCY Omega Ratio Rank: 79
MRCY Calmar Ratio Rank: 79
MRCY Martin Ratio Rank: 81

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. MRCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Karman Holdings Inc. (KRMN) and Mercury Systems, Inc. (MRCY). 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	MRCY	Difference
Sharpe ratio Return per unit of total volatility	2.17	1.34	+0.83
Sortino ratio Return per unit of downside risk	2.47	1.93	+0.53
Omega ratio Gain probability vs. loss probability	1.34	1.28	+0.06
Calmar ratio Return relative to maximum drawdown	4.20	2.28	+1.92
Martin ratio Return relative to average drawdown	10.91	6.72	+4.19
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. MRCY - Sharpe Ratio Comparison

The current KRMN Sharpe Ratio is 2.17, which is higher than the MRCY Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of KRMN and MRCY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KRMN	MRCY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.34	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	0.18	+1.99

Correlation

The correlation between KRMN and MRCY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

KRMN vs. MRCY - Dividend Comparison

Neither KRMN nor MRCY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

KRMN vs. MRCY - Drawdown Comparison

The maximum KRMN drawdown since its inception was -35.10%, smaller than the maximum MRCY drawdown of -95.95%. Use the drawdown chart below to compare losses from any high point for KRMN and MRCY.

Drawdown Indicators

	KRMN	MRCY	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-95.95%	+60.85%
Max Drawdown (1Y) Largest decline over 1 year	-35.10%	-32.19%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-71.73%	—
Current Drawdown Current decline from peak	-28.28%	-27.44%	-0.84%
Average Drawdown Average peak-to-trough decline	-9.26%	-54.03%	+44.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.51%	10.94%	+2.57%

Volatility

KRMN vs. MRCY - Volatility Comparison

Karman Holdings Inc. (KRMN) has a higher volatility of 26.40% compared to Mercury Systems, Inc. (MRCY) at 15.84%. This indicates that KRMN's price experiences larger fluctuations and is considered to be riskier than MRCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KRMN	MRCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.40%	15.84%	+10.56%
Volatility (6M) Calculated over the trailing 6-month period	53.07%	41.42%	+11.65%
Volatility (1Y) Calculated over the trailing 1-year period	67.64%	53.80%	+13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.45%	45.92%	+21.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.45%	43.48%	+23.97%

Financials

KRMN vs. MRCY - Profitability Comparison

The chart below illustrates the profitability comparison between Karman Holdings Inc. and Mercury Systems, 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 Apr 2026, Karman Holdings Inc. reported a gross profit of 53.61M and revenue of 134.49M. Therefore, the gross margin over that period was 39.9%.

MRCY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mercury Systems, Inc. reported a gross profit of 60.63M and revenue of 232.87M. Therefore, the gross margin over that period was 26.0%.

KRMN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Karman Holdings Inc. reported an operating income of 21.06M and revenue of 134.49M, resulting in an operating margin of 15.7%.

MRCY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mercury Systems, Inc. reported an operating income of -10.82M and revenue of 232.87M, resulting in an operating margin of -4.7%.

KRMN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Karman Holdings Inc. reported a net income of 19.41M and revenue of 134.49M, resulting in a net margin of 14.4%.

MRCY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mercury Systems, Inc. reported a net income of -15.10M and revenue of 232.87M, resulting in a net margin of -6.5%.