Latest Ratios: P/E Ratio 10.6x · EV/EBITDA 9.1x · ROE 27.9%. (2002–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.7B | $5.2B | $7.9B | $7.5B | $8.2B | $6.7B | $4.4B | $4.3B | $2.1B | $2.8B | $2.4B |
| Enterprise Value | $7.3B | $7.8B | $10.5B | $9.4B | $9.9B | $8.6B | $5.9B | $5.3B | $3.0B | $2.9B | $2.6B |
| P/E Ratio → | 10.60 | 12.62 | 21.07 | — | 41.90 | 250.63 | — | 21.48 | 7.63 | 6.50 | — |
| P/S Ratio | 0.60 | 0.67 | 1.02 | 1.08 | 1.25 | 0.91 | 0.76 | 0.77 | 0.44 | 0.67 | 0.56 |
| P/B Ratio | 3.17 | 3.46 | 5.39 | 5.37 | 5.05 | 3.99 | 2.73 | 2.34 | 1.25 | 2.29 | 3.18 |
| P/FCF | 14.59 | 10.84 | 20.54 | 29.80 | 25.34 | 27.07 | 12.66 | 18.35 | 14.46 | 15.11 | 47.40 |
| P/OCF | 8.99 | 9.97 | 17.12 | 22.60 | 20.80 | 24.15 | 11.97 | 16.92 | 12.97 | 14.49 | 38.85 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.01 | 1.36 | 1.35 | 1.51 | 1.17 | 1.03 | 0.95 | 0.61 | 0.70 | 0.61 |
| EV / EBITDA | 9.08 | 10.65 | 12.87 | 15.90 | 20.70 | 22.76 | 34.54 | 11.45 | 5.64 | 9.38 | 35.38 |
| EV / EBIT | 12.92 | 10.17 | 16.08 | — | 26.78 | 37.97 | 102.41 | 14.54 | 6.48 | 10.92 | 56.15 |
| EV / FCF | — | 16.29 | 27.35 | 37.31 | 30.57 | 34.60 | 17.12 | 22.62 | 20.23 | 15.82 | 51.66 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.8% | 14.8% | 14.2% | 14.0% | 12.6% | 11.0% | 11.5% | 11.6% | 11.9% | 10.5% | 2.6% |
| Operating Margin | 7.3% | 7.3% | 8.6% | 6.4% | 5.2% | 3.1% | 1.0% | 6.4% | 9.5% | 6.3% | 0.7% |
| Net Profit Margin | 5.3% | 5.3% | 4.8% | -3.8% | 2.9% | 0.4% | -1.2% | 3.6% | 5.7% | 10.4% | -1.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.9% | 27.9% | 26.2% | -17.5% | 11.5% | 1.6% | -4.2% | 11.3% | 19.1% | 43.9% | -6.8% |
| ROA | 6.3% | 6.3% | 6.1% | -4.8% | 3.2% | 0.5% | -1.3% | 3.9% | 6.4% | 11.1% | -1.6% |
| ROIC | 10.4% | 10.4% | 13.5% | 10.2% | 7.5% | 5.2% | 1.4% | 10.0% | 17.9% | 17.2% | 3.4% |
| ROCE | 11.6% | 11.6% | 14.9% | 11.6% | 8.5% | 5.4% | 1.4% | 9.6% | 15.0% | 10.2% | 1.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.07 | 2.07 | 1.95 | 1.47 | 1.21 | 1.26 | 1.14 | 0.79 | 0.74 | 0.42 | 0.93 |
| Debt / EBITDA | 4.24 | 4.24 | 3.49 | 3.49 | 4.13 | 5.62 | 10.66 | 3.13 | 2.40 | 1.63 | 9.49 |
| Net Debt / Equity | — | 1.74 | 1.79 | 1.35 | 1.04 | 1.11 | 0.96 | 0.54 | 0.50 | 0.11 | 0.29 |
| Net Debt / EBITDA | 3.56 | 3.56 | 3.21 | 3.20 | 3.54 | 4.95 | 9.00 | 2.16 | 1.61 | 0.42 | 2.92 |
| Debt / FCF | — | 5.44 | 6.82 | 7.51 | 5.23 | 7.52 | 4.46 | 4.27 | 5.77 | 0.70 | 4.26 |
| Interest Coverage | 4.89 | 4.89 | 4.55 | -0.44 | 4.26 | 2.83 | 0.70 | 3.71 | 7.00 | 12.76 | 3.54 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.22 | 1.22 | 1.05 | 1.05 | 0.96 | 1.15 | 1.12 | 1.34 | 1.38 | 1.33 | 1.31 |
| Quick Ratio | 1.22 | 1.22 | 1.05 | 1.05 | 0.96 | 1.15 | 1.12 | 1.34 | 1.38 | 1.33 | 1.31 |
| Cash Ratio | 0.30 | 0.30 | 0.13 | 0.11 | 0.15 | 0.14 | 0.20 | 0.30 | 0.30 | 0.35 | 0.31 |
| Asset Turnover | — | 1.18 | 1.16 | 1.25 | 1.18 | 1.18 | 1.01 | 1.05 | 0.97 | 1.14 | 1.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 831.20 |
| Days Sales Outstanding | — | 66.05 | 65.06 | 62.49 | 67.73 | 82.36 | 69.56 | 77.03 | 84.77 | 79.11 | 86.20 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 1.6% | 1.0% | 1.0% | 0.8% | 0.9% | 1.2% | 1.1% | 2.1% | 1.6% | 1.9% |
| Payout Ratio | 20.2% | 20.2% | 21.1% | — | 34.7% | 225.9% | — | 22.8% | 15.7% | 10.4% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.4% | 7.9% | 4.7% | — | 2.4% | 0.4% | — | 4.7% | 13.1% | 15.4% | — |
| FCF Yield | 6.9% | 9.2% | 4.9% | 3.4% | 3.9% | 3.7% | 7.9% | 5.4% | 6.9% | 6.6% | 2.1% |
| Buyback Yield | 7.0% | 6.3% | 2.8% | 1.8% | 2.5% | 1.2% | 1.2% | 0.1% | 0.1% | 1.9% | 0.2% |
| Total Shareholder Yield | 8.7% | 7.9% | 3.8% | 2.8% | 3.3% | 2.1% | 2.4% | 1.2% | 2.2% | 3.5% | 2.1% |
| Shares Outstanding | — | $129M | $134M | $135M | $156M | $141M | $142M | $142M | $141M | $141M | $142M |
Includes 30+ ratios · 23 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying KBR stock.
KBR, Inc.'s current P/E ratio is 10.6x. The historical average is 20.2x. This places it at the 27th percentile of its historical range.
KBR, Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
KBR, Inc.'s return on equity (ROE) is 27.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.1%.
Based on historical data, KBR, Inc. is trading at a P/E of 10.6x. This is at the 27th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
KBR, Inc.'s current dividend yield is 1.75% with a payout ratio of 20.2%.
KBR, Inc. has 14.8% gross margin and 7.3% operating margin.
KBR, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Elevated leverage amid separation
Metrics are mathematically derived from official filings.
Discounted Multiples Reflect Government Contractor Pricing
KBR trades at a trailing P/E of 11.58 and forward EV/EBITDA of 6.75, well below the peer group where Leidos sits near 8.90x, suggesting the market prices the company as a steady-state contractor rather than a technology licensor.
Relative to the peer set, KBR's trailing P/E of 11.58 sits closer to Leidos and Booz Allen than to Jacobs or SAIC, implying the market is not crediting the higher-margin Sustainable Technology Solutions segment. The forward EV/EBITDA of 6.75 compresses further against the trailing 9.95, which implies consensus expects earnings growth, though with flat revenue that expectation appears to rest on margin improvement. Investors should monitor whether the separation of the two businesses unlocks a sum-of-the-parts re-rating, since the current multiple leaves little room for error if execution slips.
Margins Hold Steady but Earnings Remain Volatile
Operating margin has stayed in a 7.6% to 9.9% band over ten quarters and gross margin near 14.8%, indicating a stable operating base even as net margin swings between 3.6% and 6.6% quarter to quarter.
The narrow operating margin range suggests cost structure and mix are being managed consistently, yet the wider net margin swings point to non-operating items, tax effects, or joint venture accounting distorting bottom-line results. Net margin of 6.6% in the latest quarter is the highest in the series, which may reflect a favorable one-time item and warrants verification before being treated as run-rate earning power. Operating margin is the more reliable gauge of underlying earning power for this business.
Returns Below Peers Despite Recent Recovery
ROIC has oscillated between 2.6% and 4.2% across the series and the latest reading of 3.4% sits well below Leidos at 17.1% and Booz Allen at 18.6%, indicating limited capital compounding relative to the sector.
The gap versus government services peers appears structural, driven by the large goodwill base and the low-margin reimbursable mix that inflates invested capital relative to operating profit. ROE of 7.8% in the latest quarter is flattered by a leveraged equity base rather than strong capital efficiency, so ROIC is the more honest signal. Improvement from the 2.6% trough suggests modest progress, but returns remain well short of levels that would indicate a durable compounding model.
Leverage Declining but Still Elevated
Debt-to-equity has fallen from 2.07 to 1.57 over recent quarters while interest coverage improved to 5.17x, yet debt-to-EBITDA near 14.9x suggests debt service remains heavy relative to cash earnings.
The equity rebuild driven by retained earnings is reducing the D/E ratio, but the debt-to-EBITDA figure of 14.93 is an unusually high reading that deserves scrutiny against the reported debt levels. Interest coverage at 5.17x indicates current earnings can service interest, though the margin of safety narrows if operating income softens. Investors should monitor deleveraging progress and any separation-related financing, as elevated leverage may limit flexibility.
Debt-to-Equity Obscures True Leverage Burden
The debt-to-equity ratio is most commonly used to judge KBR's balance sheet, but for a goodwill-heavy contractor with a 39% goodwill share of assets, it understates pressure that debt-to-EBITDA and tangible equity metrics reveal.
Book equity is depressed by impairments and goodwill from acquisitions, so a falling D/E can reflect equity rebuilding through retained earnings rather than debt reduction. Measuring leverage against tangible equity or cash EBITDA gives a more conservative read on repayment capacity. This suggests the headline improvement in D/E may overstate balance sheet progress, and investors should weigh EBITDA-based coverage more heavily.