KAMN stock holds as Kaman backs 2026 results

Kaman stock (Kaman Corporation, ISIN US48238T1043) is anchored by 2025 revenue of $1.76 billion and adjusted EBITDA of $206.4 million, while management guided to 2026 adjusted EPS of $1.80 to $2.05. Those figures make 2026 a margin-and-cash-flow story rather than a simple sales story.

Margin matters more

The company reported 2025 revenue of $1.76 billion and adjusted EBITDA of $206.4 million, which implies an adjusted EBITDA margin of about 11.7% for the year. That margin is the key comparison point for investors because it shows how much operating earnings Kaman kept from every revenue dollar in 2025.

Kaman also said it ended 2025 with net leverage of 4.2x, a ratio that keeps balance-sheet discipline at the center of the 2026 discussion. The leverage figure matters because it frames how much flexibility the company has while it works through the next phase of earnings guidance.

2026 guidance in view

Management guided to adjusted EPS of $1.80 to $2.05 for 2026, giving the market a concrete earnings range to track through the year. Against 2025 revenue of $1.76 billion, the guidance points to a company that is being judged on conversion of sales into profit, not only on top-line growth.

The spread between the low and high end of the 2026 EPS range is $0.25, or about 13.9% of the low end. That range is useful because it shows the degree of uncertainty still embedded in the operating outlook.

Helicopter business

The product line most closely tied to Kaman's aviation identity is the K-MAX helicopter, which remains the clearest representative platform for the company. That product context matters because it connects the 2025 financial base to the industrial and defense end markets that shape future orders.

Shares and valuation

With no dated market quote available in the source set, the valuation lens shifts to the 2025 operating base and the 2026 EPS guide. For Kaman stock, the most relevant numbers today are the $1.76 billion revenue base, the $206.4 million adjusted EBITDA figure, the 4.2x net leverage ratio, and the $1.80 to $2.05 EPS range for 2026.

Kaman Corporation is a publicly listed industrial and aerospace company in the United States, and its shares trade under the KAMN symbol.