WallStSmart

Karman Holdings Inc. (KRMN)vsNorthrop Grumman Corporation (NOC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Northrop Grumman Corporation generates 9697% more annual revenue ($41.95B vs $428.25M). NOC leads profitability with a 10.0% profit margin vs 2.6%. NOC trades at a lower P/E of 23.5x. NOC earns a higher WallStSmart Score of 56/100 (C).

KRMN

Hold

48

out of 100

Grade: D+

Growth: 10.0Profit: 5.5Value: 3.0Quality: 7.0
Piotroski: 5/9Altman Z: 1.04

NOC

Buy

56

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 6.7Quality: 6.0
Piotroski: 3/9Altman Z: 1.96
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

KRMNSignificantly Overvalued (-2026.2%)

Margin of Safety

-2026.2%

Fair Value

$3.74

Current Price

$99.60

$95.86 premium

UndervaluedFair: $3.74Overvalued
NOCUndervalued (+24.9%)

Margin of Safety

+24.9%

Fair Value

$904.35

Current Price

$691.21

$213.14 discount

UndervaluedFair: $904.35Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

KRMN2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
41.7%10/10

Revenue surging 41.7% year-over-year

EPS GrowthGrowth
124.4%10/10

Earnings expanding 124.4% YoY

NOC3 strengths · Avg: 8.7/10
Market CapQuality
$97.36B9/10

Large-cap with strong market position

Return on EquityProfitability
26.2%9/10

Every $100 of equity generates 26 in profit

Free Cash FlowQuality
$3.23B8/10

Generating 3.2B in free cash flow

Areas to Watch

KRMN4 concerns · Avg: 2.8/10
Return on EquityProfitability
4.0%3/10

ROE of 4.0% — below average capital efficiency

Profit MarginProfitability
2.6%3/10

2.6% margin — thin

Debt/EquityHealth
1.313/10

Elevated debt levels

P/E RatioValuation
1273.0x2/10

Premium valuation, high expectations priced in

NOC4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.964/10

Grey zone — moderate risk

Debt/EquityHealth
1.183/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.362/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : KRMN

The strongest argument for KRMN centers on Revenue Growth, EPS Growth. Revenue growth of 41.7% demonstrates continued momentum.

Bull Case : NOC

The strongest argument for NOC centers on Market Cap, Return on Equity, Free Cash Flow.

Bear Case : KRMN

The primary concerns for KRMN are Return on Equity, Profit Margin, Debt/Equity. A P/E of 1273.0x leaves little room for execution misses. Thin 2.6% margins leave little buffer for downturns.

Bear Case : NOC

The primary concerns for NOC are Altman Z-Score, Debt/Equity, Piotroski F-Score.

Key Dynamics to Monitor

KRMN profiles as a hypergrowth stock while NOC is a value play — different risk/reward profiles.

KRMN is growing revenue faster at 41.7% — sustainability is the question.

NOC generates stronger free cash flow (3.2B), providing more financial flexibility.

Monitor AEROSPACE & DEFENSE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NOC scores higher overall (56/100 vs 48/100). Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Karman Holdings Inc.

INDUSTRIALS · AEROSPACE & DEFENSE · USA

Karman Holdings Inc., through its subsidiary, Karman Space and Defense, engages in designing, testing, manufacturing, and sale of mission-critical systems for missile and defense, space programs, hypersonic, and launch vehicle markets.

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Northrop Grumman Corporation

INDUSTRIALS · AEROSPACE & DEFENSE · USA

Northrop Grumman Corporation (NYSE: NOC) is an American multinational aerospace and defense technology company.

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