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Kratos Defense & Security Solutions, Inc.(KTOS)Earnings, Financials & Key Ratios
KTOS•NASDAQ
417.0× P/E·Price updated Jun 19, 2026
AboutKratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.Show more
- Revenue$1.35B+18.5%
- EBITDA$87M+7.5%
- Net Income$22M+35.0%
- EPS (Diluted)0.13+18.2%
- Gross Margin22.15%-12.4%
- EBITDA Margin6.46%-9.3%
- Operating Margin2.06%-19.4%
- Net Margin1.63%+13.9%
- ROE1.31%-5.2%
KTOS Key Insights
Kratos Defense & Security Solutions, Inc. (KTOS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y sales CAGR of 12.5%
✗Weaknesses
- ✗Weak 3Y average ROE of 0.6%
- ✗Profits declining 22.7% over 5 years
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 12 (bottom 12%)
- ✗Shares diluted 14.7% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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KTOS Price & Volume
Kratos Defense & Security Solutions, Inc. (KTOS) stock price & volume — 10-year historical chart
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KTOS Growth Metrics
Kratos Defense & Security Solutions, Inc. (KTOS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.44%
5 Years12.49%
3 Years14.45%
TTM21.82%
Profit CAGR
10 Years1.06%
5 Years-22.68%
3 Years-
TTM50.77%
EPS CAGR
10 Years-9.17%
5 Years-27.96%
3 Years-
TTM33.92%
Return on Capital
10 Years1.45%
5 Years1.51%
3 Years1.91%
Last Year1.45%
KTOS Recent Earnings
Kratos Defense & Security Solutions, Inc. (KTOS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.16+19.2%
$0.13
Rev
$371M+7.5%
$345M
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.18+14.0%
$0.16
Rev
$345M+5.5%
$327M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.14+12.0%
$0.13
Rev
$348M+8.0%
$322M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.11+15.8%
$0.10
Rev
$352M+14.7%
$306M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.16vs $0.13+19.2% | $371Mvs $345M+7.5% |
| Q1 2026 | Feb 23, 2026 | $0.18vs $0.16+14.0% | $345Mvs $327M+5.5% |
| Q4 2025 | Nov 4, 2025 | $0.14vs $0.13+12.0% | $348Mvs $322M+8.0% |
| Q3 2025 | Aug 7, 2025 | $0.11vs $0.10+15.8% | $352Mvs $306M+14.7% |
Based on last 12 quarters of dataView full earnings history →
KTOS Peer Comparison
Kratos Defense & Security Solutions, Inc. (KTOS) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AVAV | 8.47B | 169.61 | 109.43 | 14.5% | -13.93% | -6.41% | 0.07 | |
 RCAT | 1.23B | 11.44 | -19.07 | 459.81% | -189.21% | -34.19% | 0.07 | |
 JOBY | 9.83B | 10.00 | -8.85 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.23B | 5.57 | -5.63 | -390.79% | -38.99% | 0.02 | ||
 CACI | 10.3B | 466.42 | 20.90 | 12.64% | 5.86% | 13.15% | 0.86 | |
 SAIC | 4.33B | 102.39 | 13.30 | -2.9% | 5.55% | 27.22% | 1.80 | |
 LHX | 55.07B | 294.82 | 34.56 | 2.53% | 7.71% | 8.87% | 0.53 | |
 HII | 11.24B | 285.43 | 18.55 | 8.23% | 4.71% | 12.05% | 0.62 |
Compare KTOS vs Peers
Kratos Defense & Security Solutions, Inc. (KTOS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KTOS Income Statement
Kratos Defense & Security Solutions, Inc. (KTOS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 751.9M | 618M | 717.5M | 747.7M | 811.5M | 898.3M | 1.04B | 1.14B | 1.35B | 1.42B |
Revenue Growth % | 12.44% | -17.81% | 16.1% | 4.21% | 8.53% | 10.7% | 15.45% | 9.57% | 18.52% | 21.82% |
Cost of Goods Sold | 554.6M | 448.3M | 527.5M | 544.5M | 586.4M | 672.3M | 768.5M | 849.1M | 1.05B | 1.16B |
COGS % of Revenue | 73.76% | 72.54% | 73.52% | 72.82% | 72.26% | 74.84% | 74.1% | 74.72% | 77.85% | - |
Gross Profit | 197.3M▲ 0% | 169.7M▼ 14.0% | 190M▲ 12.0% | 203.2M▲ 6.9% | 225.1M▲ 10.8% | 226M▲ 0.4% | 268.6M▲ 18.8% | 287.2M▲ 6.9% | 298.3M▲ 3.9% | 259.4M▲ 0% |
Gross Margin % | 26.24% | 27.46% | 26.48% | 27.18% | 27.74% | 25.16% | 25.9% | 25.27% | 22.15% | 18.33% |
Gross Profit Growth % | 28.45% | -13.99% | 11.96% | 6.95% | 10.78% | 0.4% | 18.85% | 6.92% | 3.86% | - |
Operating Expenses | 178.4M | 135.4M | 152M | 173.9M | 197.2M | 228.9M | 237.5M | 258.2M | 270.6M | 277M |
OpEx % of Revenue | 23.73% | 21.91% | 21.18% | 23.26% | 24.3% | 25.48% | 22.9% | 22.72% | 20.09% | - |
Selling, General & Admin | 147.5M | 110.9M | 130.8M | 144.5M | 160.2M | 182.8M | 197.8M | 214M | 230.6M | 239.4M |
SG&A % of Revenue | 19.62% | 17.95% | 18.23% | 19.33% | 19.74% | 20.35% | 19.07% | 18.83% | 17.12% | - |
Research & Development | 17.8M | 15.6M | 18M | 27M | 35.2M | 38.6M | 38.4M | 40.3M | 40M | 40.7M |
R&D % of Revenue | 2.37% | 2.52% | 2.51% | 3.61% | 4.34% | 4.3% | 3.7% | 3.55% | 2.97% | - |
Other Operating Expenses | 900K | -1M | 3.2M | 2.4M | 1.8M | 7.5M | 1.3M | 3.9M | 0 | -800K |
Operating Income | -5.8M▲ 0% | 30.5M▲ 625.9% | 38M▲ 24.6% | 29.3M▼ 22.9% | 27.9M▼ 4.8% | -2.9M▼ 110.4% | 31.1M▲ 1172.4% | 29M▼ 6.8% | 27.7M▼ 4.5% | 25.8M▲ 0% |
Operating Margin % | -0.77% | 4.94% | 5.3% | 3.92% | 3.44% | -0.32% | 3% | 2.55% | 2.06% | 1.82% |
Operating Income Growth % | 68.82% | 625.86% | 24.59% | -22.89% | -4.78% | -110.39% | 1172.41% | -6.75% | -4.48% | - |
EBITDA | 16.4M | 48.3M | 73.1M | 63.3M | 62.6M | 38M | 75.8M | 80.9M | 87M | 71.7M |
EBITDA Margin % | 2.18% | 7.82% | 10.19% | 8.47% | 7.71% | 4.23% | 7.31% | 7.12% | 6.46% | 5.07% |
EBITDA Growth % | 290.48% | 194.51% | 51.35% | -13.41% | -1.11% | -39.3% | 99.47% | 6.73% | 7.54% | -12.13% |
D&A (Non-Cash Add-back) | 22.2M | 17.8M | 35.1M | 34M | 34.7M | 40.9M | 44.7M | 51.9M | 59.3M | 45.9M |
EBIT | -28M | 30.3M | 39.2M | 30.4M | 28.1M | -14.7M | 32.8M | 41.7M | 44.5M | 27.7M |
Net Interest Income | -28.6M | -20.8M | -21.6M | -22.8M | -23.4M | -17.7M | -20.5M | -3M | 5M | 3.4M |
Interest Income | 500K | 800K | 1.9M | 800K | 300K | 600K | 1.2M | 12.2M | 15.5M | 7.9M |
Interest Expense | 29.1M | 21.6M | 23.5M | 23.6M | 23.7M | 18.3M | 21.7M | 15.2M | 10.5M | 4.5M |
Other Income/Expense | -45.1M | -21.8M | -22.3M | -22.5M | -23.5M | -30.1M | -20M | -2.5M | 6.3M | 12.6M |
Pretax Income | -50.8M▲ 0% | 8.7M▲ 117.1% | 15.7M▲ 80.5% | 6.8M▼ 56.7% | 4.4M▼ 35.3% | -33M▼ 850.0% | 11.1M▲ 133.6% | 26.5M▲ 138.7% | 34M▲ 28.3% | 38.4M▲ 0% |
Pretax Margin % | -6.76% | 1.41% | 2.19% | 0.91% | 0.54% | -3.67% | 1.07% | 2.33% | 2.52% | 2.71% |
Income Tax | -8.2M | 4.6M | 4.8M | -73.5M | 3.9M | 200K | 8.7M | 10.2M | 12M | 9M |
Effective Tax Rate % | 16.14% | 52.87% | 30.57% | -1080.88% | 88.64% | -0.61% | 78.38% | 38.49% | 35.29% | 23.44% |
Net Income | -42.7M▲ 0% | -3.5M▲ 91.8% | 12.5M▲ 457.1% | 79.6M▲ 536.8% | -2M▼ 102.5% | -36.9M▼ 1745.0% | -8.9M▲ 75.9% | 16.3M▲ 283.1% | 22M▲ 35.0% | 29.4M▲ 0% |
Net Margin % | -5.68% | -0.57% | 1.74% | 10.65% | -0.25% | -4.11% | -0.86% | 1.43% | 1.63% | 2.08% |
Net Income Growth % | 29.42% | 91.8% | 457.14% | 536.8% | -102.51% | -1745% | 75.88% | 283.15% | 34.97% | 50.77% |
Net Income (Continuing) | -46.9M | 4.1M | 10.9M | 80.3M | 500K | -33.2M | 2.4M | 16.3M | 22M | 29.4M |
Discontinued Operations | 4.2M | 0 | 1.7M | -900K | -2.1M | 900K | 200K | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 15M | 14.8M | 15.2M | 11.2M | 22.5M | 0 | 0 | 0 |
EPS (Diluted) | -0.48▲ 0% | -0.03▲ 93.1% | 0.11▲ 433.3% | 0.67▲ 509.1% | -0.02▼ 103.0% | -0.29▼ 1350.0% | -0.07▲ 75.9% | 0.11▲ 257.1% | 0.13▲ 18.2% | 0.16▲ 0% |
EPS Growth % | 51.52% | 93.13% | 433.33% | 509.09% | -102.99% | -1350% | 75.86% | 257.14% | 18.18% | 33.92% |
EPS (Basic) | -0.48 | -0.03 | 0.12 | 0.69 | -0.02 | -0.29 | -0.07 | 0.11 | 0.13 | - |
Diluted Shares Outstanding | 89.5M | 106.1M | 109.2M | 118.7M | 128M | 126.7M | 130.4M | 150.9M | 173.05M | 179.4M |
Basic Shares Outstanding | 89.5M | 103.8M | 106M | 115.5M | 124.6M | 126.7M | 130.4M | 149M | 172.25M | 176.8M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
KTOS Balance Sheet
Kratos Defense & Security Solutions, Inc. (KTOS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 471.3M | 494.7M | 522.2M | 764.8M | 758.1M | 582.6M | 594.2M | 872.1M | 1.26B | 2.31B |
Cash & Short-Term Investments | 129.6M | 182.7M | 172.6M | 380.8M | 349.4M | 81.3M | 72.8M | 329.3M | 560.6M | 1.46B |
Cash Only | 129.6M | 182.7M | 172.6M | 380.8M | 349.4M | 81.3M | 72.8M | 329.3M | 560.6M | 1.46B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 212.3M | 237.4M | 264.1M | 272.2M | 284.6M | 328.3M | 329.1M | 323.7M | 457.4M | 528.6M |
Days Sales Outstanding | 103.06 | 140.21 | 134.35 | 132.88 | 128.01 | 133.4 | 115.82 | 103.98 | 123.96 | 116.59 |
Inventory | 50.4M | 46.8M | 61.1M | 81.2M | 91.7M | 125.5M | 156.2M | 162.1M | 188.2M | 0 |
Days Inventory Outstanding | 33.17 | 38.1 | 42.28 | 54.43 | 57.08 | 68.14 | 74.19 | 69.68 | 65.52 | 43.11 |
Other Current Assets | 68.5M | 18.9M | 15M | 18.6M | 22.6M | 35.6M | 20.1M | 39M | 43.8M | 317.5M |
Total Non-Current Assets | 552.7M | 515.4M | 663.8M | 798M | 831.4M | 968.9M | 1.04B | 1.08B | 1.2B | 1.73B |
Property, Plant & Equipment | 61.2M | 67.1M | 159M | 186.7M | 206.8M | 260.5M | 289.3M | 325.8M | 405.3M | 459.6M |
Fixed Asset Turnover | 12.29x | 9.21x | 4.51x | 4.00x | 3.92x | 3.45x | 3.58x | 3.49x | 3.32x | 3.53x |
Goodwill | 461.2M | 425.7M | 455.6M | 483.9M | 493.9M | 558.2M | 569.1M | 568.9M | 595.7M | 884.1M |
Intangible Assets | 22M | 16.1M | 39.5M | 43M | 43.2M | 55.2M | 62.4M | 53.8M | 53.9M | 219.7M |
Long-Term Investments | -39.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5M | 5M |
Other Non-Current Assets | 8.3M | 6.5M | 9.7M | 84.4M | 87.5M | 95M | 117.5M | 130.3M | 144.4M | 168.9M |
Total Assets | 1.02B▲ 0% | 1.01B▼ 1.4% | 1.19B▲ 17.4% | 1.56B▲ 31.8% | 1.59B▲ 1.7% | 1.55B▼ 2.4% | 1.63B▲ 5.2% | 1.95B▲ 19.5% | 2.47B▲ 26.5% | 4.04B▲ 0% |
Asset Turnover | 0.73x | 0.61x | 0.60x | 0.48x | 0.51x | 0.58x | 0.64x | 0.58x | 0.55x | 0.49x |
Asset Growth % | 7.95% | -1.36% | 17.41% | 31.77% | 1.71% | -2.39% | 5.22% | 19.5% | 26.46% | 189.9% |
Total Current Liabilities | 188.9M | 164.7M | 182.7M | 197.6M | 221.1M | 234.2M | 292.5M | 296.7M | 311M | 410.7M |
Accounts Payable | 34.7M | 46.6M | 53.8M | 55.4M | 50.4M | 57.3M | 63.1M | 82M | 69.6M | 112M |
Days Payables Outstanding | 22.84 | 37.94 | 37.23 | 37.14 | 31.37 | 31.11 | 29.97 | 35.25 | 24.23 | 27.27 |
Short-Term Debt | 800K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.2M | 18.7M |
Deferred Revenue (Current) | 47.2M | 34.9M | 34.3M | 34M | 58.1M | 62.1M | 101.8M | 76.3M | 73.4M | 214.9M |
Other Current Liabilities | 68M | 43.5M | 50.4M | 63.1M | 73.8M | 68.7M | 78.8M | 86.4M | 69.5M | 280M |
Current Ratio | 2.49x | 3.00x | 2.86x | 3.87x | 3.43x | 2.49x | 2.03x | 2.94x | 4.06x | 5.63x |
Quick Ratio | 2.23x | 2.72x | 2.52x | 3.46x | 3.01x | 1.95x | 1.50x | 2.39x | 3.46x | 5.63x |
Cash Conversion Cycle | 113.39 | 140.37 | 139.4 | 150.17 | 153.72 | 170.42 | 160.04 | 138.41 | 165.25 | 132.43 |
Total Non-Current Liabilities | 323.6M | 326.1M | 414.2M | 425.1M | 408.1M | 369.8M | 341.5M | 301M | 159.9M | 222M |
Long-Term Debt | 293.5M | 294.2M | 295.1M | 301M | 296.7M | 250.2M | 219.3M | 174.6M | 33.8M | 166.7M |
Capital Lease Obligations | 0 | 0 | 37.6M | 38.6M | 32.7M | 40.8M | 88.7M | 94.2M | 129.6M | 344.4M |
Deferred Tax Liabilities | 7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 23.1M | 31.9M | 81.5M | 85.5M | 78.7M | 78.8M | 33.5M | 32.2M | -3.5M | 55.3M |
Total Liabilities | 512.5M | 490.8M | 596.9M | 622.7M | 629.2M | 604M | 634M | 597.7M | 470.9M | 632.7M |
Total Debt | 294.3M | 294.2M | 342.6M | 348.5M | 339.5M | 301.8M | 321.4M | 282M | 179.6M | 185.4M |
Net Debt | 163.8M | 111.5M | 170M | -32.3M | -9.9M | 220.5M | 248.6M | -47.3M | -381M | -1.28B |
Debt / Equity | 0.58x | 0.57x | 0.58x | 0.37x | 0.35x | 0.32x | 0.32x | 0.21x | 0.09x | 0.05x |
Debt / EBITDA | 17.95x | 6.09x | 4.69x | 5.51x | 5.42x | 7.94x | 4.24x | 3.49x | 2.06x | 2.59x |
Net Debt / EBITDA | 9.99x | 2.31x | 2.33x | -0.51x | -0.16x | 5.80x | 3.28x | -0.58x | -4.38x | -17.84x |
Interest Coverage | -0.96x | 1.40x | 1.67x | 1.29x | 1.19x | -0.80x | 1.51x | 2.74x | 4.24x | 6.16x |
Total Equity | 511.5M▲ 0% | 519.3M▲ 1.5% | 589.1M▲ 13.4% | 940.1M▲ 59.6% | 960.3M▲ 2.1% | 947.5M▼ 1.3% | 998.5M▲ 5.4% | 1.35B▲ 35.5% | 2B▲ 47.5% | 3.41B▲ 0% |
Equity Growth % | 85.06% | 1.52% | 13.44% | 59.58% | 2.15% | -1.33% | 5.38% | 35.52% | 47.52% | 288.27% |
Book Value per Share | 5.72 | 4.89 | 5.39 | 7.92 | 7.50 | 7.48 | 7.66 | 8.97 | 11.54 | 19.01 |
Total Shareholders' Equity | 511.5M | 519.3M | 574.1M | 925.3M | 945.1M | 936.3M | 976M | 1.35B | 2B | 3.41B |
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200K | 200K | 200K |
Retained Earnings | -720.8M | -724.5M | -712M | -632.4M | -634.4M | -671.3M | -680.2M | -663.9M | -641.9M | -630M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -1.4M | -700K | -400K | 1.4M | 600K | -800K | 1.7M | -500K | 2.1M | 1.1M |
Minority Interest | 0 | 0 | 15M | 14.8M | 15.2M | 11.2M | 22.5M | 0 | 0 | 0 |
KTOS Cash Flow Statement
Kratos Defense & Security Solutions, Inc. (KTOS) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -27M | 18.1M | 30M | 46.6M | 30.8M | -25.7M | 65.2M | 49.7M | -42.1M | -41.4M |
Operating CF Margin % | -3.59% | 2.93% | 4.18% | 6.23% | 3.8% | -2.86% | 6.29% | 4.37% | -3.13% | - |
Operating CF Growth % | -117.74% | 167.04% | 65.75% | 55.33% | -33.91% | -183.44% | 353.7% | -23.77% | -184.71% | -722.43% |
Net Income | -42.7M | -3.5M | 12.5M | 79.4M | -1.6M | -36.9M | -8.9M | 16.3M | 22M | 29.4M |
Depreciation & Amortization | 22.5M | 17.9M | 36.1M | 34M | 34.7M | 41.7M | 44.7M | 51.9M | 59.3M | 6.9M |
Stock-Based Compensation | 7.8M | 7.2M | 11M | 21M | 25.8M | 26.3M | 25.3M | 29.8M | 0 | -8.7M |
Deferred Taxes | -10.2M | -400K | 0 | -78.2M | -400K | 0 | 2.5M | 4.4M | 8.1M | 1.3M |
Other Non-Cash Items | 43.7M | 10.4M | -1.4M | 3.8M | -1.6M | 26.4M | 12.8M | 700K | 36.5M | 100M |
Working Capital Changes | -48.1M | -13.5M | -28.2M | -13.4M | -26.1M | -83.2M | -11.2M | -53.4M | -168M | -148.3M |
Change in Receivables | -39.1M | 8.2M | -13.2M | -3.7M | 2.6M | -27.3M | 1.3M | 5.1M | -126M | -117.5M |
Change in Inventory | 7.1M | 2M | -4.6M | -5.3M | -5.3M | -23.8M | -29.6M | -5M | -19.3M | -28.6M |
Change in Payables | -3.4M | 12.2M | 0 | -2.4M | -5.3M | 0 | 4.4M | 15.1M | -13.7M | 48.2M |
Cash from Investing | -25.8M | 40.5M | -43.7M | -87.3M | -52.1M | -177.4M | -43.8M | -69.7M | -88.3M | -430.8M |
Capital Expenditures | -26.5M | -22.6M | -26.3M | -35.9M | -46.5M | -45.4M | -52.4M | -58.2M | -95.3M | 2.7M |
CapEx % of Revenue | 3.52% | 3.66% | 3.67% | 4.8% | 5.73% | 5.05% | 5.05% | 5.12% | 7.08% | 0.19% |
Acquisitions | 700K | -2.9M | -17.7M | -51.5M | -12.3M | -132.2M | 300K | -11.5M | 12M | -343.2M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 700K | 66M | 300K | 100K | 6.7M | 200K | 8.3M | 0 | 0 | -83.3M |
Cash from Financing | 113.4M | 1.7M | 3.5M | 247.7M | -9.3M | -63.3M | -30.7M | 277.6M | 360.7M | 1.67B |
Debt Issued (Net) | -149.8M | -800K | -500K | 3.9M | -6.1M | -53.7M | -33.5M | -43.9M | -186.8M | -184.8M |
Equity Issued (Net) | 269.1M | 0 | -900K | 240.4M | 5.9M | -12.5M | 6.5M | 330.7M | 565.8M | 1.91B |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -1.1M | -900K | 0 | 0 | -12.5M | 0 | 0 | 0 | -900K |
Other Financing | -5.9M | 2.5M | 4.9M | 3.4M | -9.1M | 2.9M | -3.7M | -9.2M | -18.3M | -50.5M |
Net Change in Cash | 60.5M▲ 0% | 52.1M▼ 13.9% | -10.4M▼ 120.0% | 208.9M▲ 2108.7% | -32.1M▼ 115.4% | -268.1M▼ 735.2% | -8.5M▲ 96.8% | 256.5M▲ 3117.6% | 231.3M▼ 9.8% | 1.2B▲ 0% |
Free Cash Flow | -53.5M▲ 0% | -4.5M▲ 91.6% | 3.7M▲ 182.2% | 10.7M▲ 189.2% | -15.7M▼ 246.7% | -71.1M▼ 352.9% | 12.8M▲ 118.0% | -8.5M▼ 166.4% | -137.4M▼ 1516.5% | -134M▲ 0% |
FCF Margin % | -7.12% | -0.73% | 0.52% | 1.43% | -1.93% | -7.92% | 1.23% | -0.75% | -10.2% | -9.47% |
FCF Growth % | -147.69% | 91.59% | 182.22% | 189.19% | -246.73% | -352.87% | 118% | -166.41% | -1516.47% | -201.8% |
FCF per Share | -0.60 | -0.04 | 0.03 | 0.09 | -0.12 | -0.56 | 0.10 | -0.06 | -0.79 | -0.75 |
FCF Conversion (FCF/Net Income) | 0.63x | -5.17x | 2.40x | 0.59x | -15.40x | 0.70x | -7.33x | 3.05x | -1.91x | -4.56x |
Interest Paid | 0 | 20.5M | 19.9M | 19.9M | 19.9M | 13.7M | 19.6M | 14.6M | 0 | 900K |
Taxes Paid | 0 | 1.5M | 0 | 2.5M | 2M | 0 | 6.5M | 5M | 0 | 0 |
KTOS Key Ratios
Kratos Defense & Security Solutions, Inc. (KTOS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -10.84% | -0.68% | 2.26% | 10.41% | -0.21% | -3.87% | -0.91% | 1.39% | 1.31% | 1.26% |
Return on Invested Capital (ROIC) | -0.66% | 3.5% | 4.1% | 2.64% | 2.25% | -0.21% | 1.93% | 1.7% | 1.42% | 1.15% |
Gross Margin | 26.24% | 27.46% | 26.48% | 27.18% | 27.74% | 25.16% | 25.9% | 25.27% | 22.15% | 18.33% |
Net Margin | -5.68% | -0.57% | 1.74% | 10.65% | -0.25% | -4.11% | -0.86% | 1.43% | 1.63% | 2.08% |
Debt / Equity | 0.58x | 0.57x | 0.58x | 0.37x | 0.35x | 0.32x | 0.32x | 0.21x | 0.09x | 0.05x |
Interest Coverage | -0.96x | 1.40x | 1.67x | 1.29x | 1.19x | -0.80x | 1.51x | 2.74x | 4.24x | 6.16x |
FCF Conversion | 0.63x | -5.17x | 2.40x | 0.59x | -15.40x | 0.70x | -7.33x | 3.05x | -1.91x | -4.56x |
Revenue Growth | 12.44% | -17.81% | 16.1% | 4.21% | 8.53% | 10.7% | 15.45% | 9.57% | 18.52% | 21.82% |
Related:KTOS Dividend History·KTOS Revenue History·KTOS Price History·KTOS P/E History·KTOS Financial Ratios·KTOS Institutional Holders
KTOS SEC Filings & Documents
Kratos Defense & Security Solutions, Inc. (KTOS) SEC filings — annual & quarterly reports (10-K, 10-Q)
KTOS Frequently Asked Questions
Kratos Defense & Security Solutions, Inc. (KTOS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Kratos Defense & Security Solutions, Inc. (KTOS) reported $1.42B in revenue for fiscal year 2025. This represents a 2627% increase from $51.9M in 1998.
Kratos Defense & Security Solutions, Inc. (KTOS) grew revenue by 18.5% over the past year. This is strong growth.
Yes, Kratos Defense & Security Solutions, Inc. (KTOS) is profitable, generating $29.4M in net income for fiscal year 2025 (1.6% net margin).
Dividend & Returns
Kratos Defense & Security Solutions, Inc. (KTOS) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.
Kratos Defense & Security Solutions, Inc. (KTOS) had negative free cash flow of $134.0M in fiscal year 2025, likely due to heavy capital investments.