Kratos Defense & Security Solutions
KTOS
41.94
-1.77
-4.05%
Kratos Defense & Security Solutions
US · KTOS
#1665 by market cap
Listed 1970
41.94
-1.77
-4.05%
Live - 5344 symbols - heartbeat 400s ago
· 2026-10-08 08:30
Pre-market
42.01
+0.17%
After-hours
41.95
+0.02%
Overnight
41.50
-1.05%
- Market cap
- 7.87B
- P/E (TTM)i
- 246.71
- P/Bi
- 2.30
- EPSi
- 0.13
- Div yieldi
- 0.00%
- 52W posi
- 1%
Reader sentiment
Are you bullish or bearish on KTOS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 10.71, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +18.53% YoY
Margins
- Gross margin
- 22.86%
- Operating margin
- 2.06%
- Net margin
- 1.63%
Key ratios & quality
- Altman Z-Scorei
- 10.71
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 618.00M | 717.50M | 747.70M | 811.50M | 898.30M | 1.04B | 1.14B | 1.35B |
| Gross profit | 169.70M | 190.00M | 203.20M | 225.10M | 226.00M | 268.60M | 287.20M | 307.90M |
| Selling & admin expenses | 119.80M | 130.80M | 144.50M | 160.20M | 182.80M | 198.70M | 217.20M | 240.20M |
| Research & development | 15.60M | 18.00M | 27.00M | 35.20M | 38.60M | 38.40M | 40.30M | 40.00M |
| Operating profit | 34.30M | 41.20M | 31.70M | 29.70M | 4.60M | 31.50M | 29.70M | 27.70M |
| Pretax profit | 8.70M | 15.70M | 6.80M | 4.40M | -33.00M | 11.10M | 26.50M | 34.00M |
| Tax | 4.60M | 4.80M | -73.50M | 3.90M | 200.00K | 8.70M | 10.20M | 12.00M |
| Net profit | -3.50M | 12.60M | 79.40M | -1.60M | -33.20M | 2.40M | 16.30M | 22.00M |
| Basic EPS | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.03 | 0.11 | 0.67 | -0.02 | -0.29 | -0.07 | 0.11 | 0.13 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 302.60M | 351.50M | 347.60M | 345.10M | 371.00M | 458.80M |
| Gross profit | 73.60M | 73.80M | 77.10M | 83.40M | 89.60M | 100.10M |
| Selling & admin expenses | 57.00M | 59.90M | 59.80M | 63.50M | 72.30M | 87.30M |
| Research & development | 10.00M | 10.20M | 10.00M | 9.80M | 10.70M | 13.60M |
| Operating profit | 6.60M | 3.70M | 7.30M | 10.10M | 6.60M | -800.00K |
| Pretax profit | 5.40M | 4.60M | 11.90M | 12.10M | 9.80M | 7.00M |
| Tax | 900.00K | 1.70M | 3.20M | 6.20M | -2.10M | 2.60M |
| Net profit | 4.50M | 2.90M | 8.70M | 5.90M | 11.90M | 4.40M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.03 | 0.02 | 0.05 | 0.03 | 0.07 | 0.02 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 494.70M | 522.20M | 764.80M | 758.10M | 582.60M | 594.20M | 872.10M | 1.26B |
| Cash & ST investments | 182.70M | 172.60M | 380.80M | 349.40M | 81.30M | 72.80M | 329.30M | 560.60M |
| Inventory | 46.80M | 61.10M | 81.20M | 91.70M | 125.50M | 156.20M | 162.10M | 188.20M |
| Total assets | 1.01B | 1.19B | 1.56B | 1.59B | 1.55B | 1.63B | 1.95B | 2.47B |
| Total current liabilities | 164.70M | 182.70M | 197.60M | 221.10M | 234.20M | 292.50M | 296.70M | 311.00M |
| Short-term debt | -- | 9.90M | 8.90M | 10.10M | 10.80M | 13.40M | 13.20M | 16.20M |
| Long-term debt | 294.20M | 295.10M | 301.00M | 296.70M | 250.20M | 219.30M | 174.60M | -- |
| Total liabilities | 490,800,000.00 | 596,900,000.00 | 622,700,000.00 | 629,200,000.00 | 604,000,000.00 | 634,000,000.00 | 597,700,000.00 | 470,900,000.00 |
| Total equity | 519.30M | 589.10M | 940.10M | 960.30M | 947.50M | 998.50M | 1.35B | 2.00B |
| Retained earnings | -724.50M | -712.00M | -632.40M | -634.40M | -671.30M | -680.20M | -663.90M | -641.90M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 864.40M | 1.43B | 1.24B | 1.26B | 2.31B | 2.36B |
| Cash & ST investments | 263.70M | 783.60M | 565.90M | 560.60M | 1.46B | 1.44B |
| Inventory | 176.00M | 177.80M | 180.00M | 188.20M | 225.70M | 235.90M |
| Total assets | 2.00B | 2.59B | 2.42B | 2.47B | 4.04B | 4.09B |
| Total current liabilities | 304.90M | 322.40M | 287.40M | 311.00M | 410.70M | 425.30M |
| Short-term debt | 14.00M | 14.00M | 15.00M | 16.20M | 18.70M | 18.90M |
| Long-term debt | 172.20M | 169.80M | -- | -- | -- | -- |
| Total liabilities | 617,300,000.00 | 625,700,000.00 | 441,800,000.00 | 470,900,000.00 | 632,700,000.00 | 663,000,000.00 |
| Total equity | 1.39B | 1.96B | 1.98B | 2.00B | 3.41B | 3.43B |
| Retained earnings | -659.40M | -656.50M | -647.80M | -641.90M | -630.00M | -625.60M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 10.40M | 30.00M | 46.60M | 35.30M | -25.70M | 65.20M | 49.70M | -42.10M |
| Depreciation & amortization | 17.90M | 35.10M | 34.00M | 34.70M | 40.90M | 44.70M | 51.90M | 59.30M |
| Free cash flow | -12.20M | 3.70M | 10.70M | -11.20M | -71.10M | 12.80M | -8.50M | -137.40M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -1.10M | 0 | 240.40M | -- | 0 | 0 | 330.70M | 555.90M |
| Ending cash balance | 183.00M | 172.60M | 381.50M | 349.40M | 81.30M | 72.80M | 329.30M | 560.60M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -29.20M | -11.70M | -13.30M | 12.10M | -27.40M | -11.00M |
| Depreciation & amortization | 13.40M | 14.80M | 14.90M | 16.20M | 20.20M | 25.60M |
| Free cash flow | -51.80M | -32.20M | -41.30M | -12.10M | -47.30M | -28.20M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 555.90M | 0 | 0 | 1.35B | -200.00K |
| Ending cash balance | 263.70M | 783.60M | 565.90M | 560.60M | 1.46B | 1.44B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -0.68 | 2.29 | 10.62 | -0.21 | -3.92 | -0.93 | 1.40 | 1.31 |
| ROA %i | -0.34 | 1.14 | 5.79 | -0.13 | -2.35 | -0.56 | 0.91 | 1.00 |
| ROIC %i | 1.44 | 3.16 | 8.79 | 1.18 | -1.82 | 0.59 | 1.26 | 0.96 |
| 5-year avg ROE %i | -11.21 | -4.75 | -4.28 | 0.23 | 1.62 | 1.57 | 1.39 | -0.47 |
| EBIT margin %i | 4.90 | 5.46 | 4.07 | 3.46 | -1.60 | 3.16 | 3.67 | 3.24 |
| FCF / sales %i | -- | 0.52 | 1.43 | -- | -- | 1.23 | -- | -- |
| Current ratioi | 3.00 | 2.86 | 3.87 | 3.43 | 2.49 | 2.03 | 2.94 | 4.06 |
| Quick ratioi | 2.55 | 2.39 | 3.30 | 2.87 | 1.75 | 1.37 | 2.20 | 3.27 |
| Debt / assetsi | 29.13 | 28.89 | 22.30 | 21.36 | 19.45 | 19.69 | 14.45 | 5.91 |
| LT debt / equityi | 56.65 | 57.95 | 36.70 | 34.85 | 31.08 | 31.56 | 19.86 | 6.49 |
| Interest coveragei | 1.40 | 1.67 | 1.29 | 1.19 | -0.79 | 1.51 | 2.74 | 4.54 |
| Revenue CAGR (3Y) %i | -2.02 | 9.81 | 7.41 | 9.50 | 7.78 | 11.52 | 11.88 | 14.45 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | 6.16 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 1.45 | 0.88 | 1.20 | 1.31 | 1.23 | 1.15 |
| ROA %i | 1.00 | 0.64 | 0.92 | 1.00 | 0.97 | 0.93 |
| ROIC %i | 1.80 | 0.76 | 1.09 | 0.96 | 1.12 | 1.05 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 3.55 | 2.68 | 2.58 | 3.24 | 3.08 | 2.57 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 2.84 | 4.43 | 4.30 | 4.06 | 5.63 | 5.54 |
| Quick ratioi | 2.05 | 3.67 | 3.44 | 3.27 | 4.85 | 4.74 |
| Debt / assetsi | 14.13 | 10.80 | 5.54 | 5.91 | 4.59 | 4.73 |
| LT debt / equityi | 19.40 | 13.54 | 6.02 | 6.49 | 4.89 | 5.10 |
| Interest coveragei | 3.10 | -- | -- | 4.54 | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Kratos Government Solutions is the largest reported line at 82.76% of revenue, across 2 reported segments.
- The next-largest line, Unmanned Systems, is a distant second at 17.24% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Kratos Government Solutions82.76%
Unmanned Systems17.24%
Quote time 2026-10-08 08:30:03 · For reference only, not investment advice and not tailored to your situation.