Kratos Defense & Security Solutions
KTOS Nasdaq· Aerospace & Defense
Last close · Oct 23, 2026
$38.68
KIRA · Stoqly’s AI analyst, in plain words
- Kratos Defense & Security Solutions had $1.3B of revenue in fiscal 2025, up 18.5% on the year before. Over five years, revenue changed +12.5% a year on average.
- Its operating margin was 1.9%, down 0.6 pts: of every 100 in sales, about 2 is left after running the business.
- Kratos Defense & Security Solutions made $22.0M of net profit in fiscal 2025.
- Free cash flow was −$137M in fiscal 2025, −10.2% of revenue.
- Kratos Defense & Security Solutions returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 9.5%.
- Kratos Defense & Security Solutions has $461M more cash than debt.
Market cap
$7.4B
P/E
—
Revenue
$1.3B
Net income
$22.0M
Free cash flow
−$137M
Operating margin
1.9%
Kratos Defense & Security Solutions in 30 seconds · fiscal 2025
Are sales growing?
+18.5%
Yes. Sales grew 18.5% last year.
Does it make a profit?
1.6%
A little. It keeps 1.6% of every sale as profit.
Does profit turn into cash?
−10.2%
No. It spent more cash than it brought in.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Kratos Defense & Security Solutions does
No business description yet.
- Fiscal year ends
- December 28, 2025
- Latest annual report
- 10-K · Feb 23, 2026
- Legal name
- KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- CIK
- 0001069258
Kratos Defense & Security Solutions · KTOS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $812M | $898M | $1.0B | $1.1B | $1.3B |
| Revenue growth | 8.5% | 10.7% | 15.5% | 9.6% | 18.5% |
| Gross margin | 27.7% | 25.2% | 25.9% | 25.3% | 22.9% |
| Operating margin | 3.4% | −0.3% | 3.0% | 2.6% | 1.9% |
| Net income | −$2.0M | −$36.9M | −$8.9M | $16.3M | $22.0M |
| Net margin | −0.3% | −4.1% | −0.9% | 1.4% | 1.6% |
| Diluted EPS | −$0.02 | −$0.29 | −$0.07 | $0.11 | $0.13 |
| Cash | |||||
| Cash from operations | $35.3M | −$25.7M | $65.2M | $49.7M | −$42.1M |
| Capital expenditure | $46.5M | $45.4M | $52.4M | $58.2M | $95.3M |
| Free cash flow | −$11.2M | −$71.1M | $12.8M | −$8.5M | −$137M |
| FCF margin | −1.4% | −7.9% | 1.2% | −0.8% | −10.2% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 7.8% | −1.0% | 2.9% | 15.7% | 9.5% |
| Debt and strength | |||||
| Cash and short-term investments | $349M | $81.3M | $72.8M | $329M | $561M |
| Debt incl. finance leases | $341M | $302M | $272M | $241M | $99.2M |
| Shareholders' equity | $945M | $936M | $976M | $1.4B | $2.0B |
| Net debt / EBITDA | −0.2x | 8.0x | 3.1x | −1.3x | −6.4x |
| Current ratio | 3.4x | 2.5x | 2.0x | 2.9x | 4.1x |
| Interest coverage | 1.2x | −0.2x | 1.4x | 1.9x | 2.7x |
| Returns and quality | |||||
| Return on capital | 1.5% | −0.2% | 1.3% | 1.5% | 1.2% |
| Return on equity | −0.2% | −3.9% | −0.9% | 1.4% | 1.3% |
| Piotroski F-score | 4 | 4 | 6 | 7 | 4 |
| Altman Z'' | 2.6 | 1.7 | 1.6 | 3.3 | 6.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$135M
16 insiders
Of sales under plans
90%
$121M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Kratos Defense & Security Solutions · KTOS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Kratos Defense & Security So... KTOS | $7.4B | 18.5% | 1.9% | −10.2% | 1.2% | — | 4 |
| Hexcel HXL | $6.1B | −0.5% | 9.1% | 8.3% | 6.5% | 35.9x | 6 |
| AeroVironment AVAV | $6.2B | 140.9% | −15.7% | −7.1% | −9.1% | — | 3 |
| Axon Enterprise AXON | $35.0B | 33.5% | −2.2% | 2.7% | −2.2% | 176.3x | 6 |
| BWX Technologies BWXT | $12.1B | 18.3% | 12.7% | 9.2% | 13.9% | 34.0x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $38.68 a share, the company is worth $7.4B.
Kratos Defense & Security Solutions grew sales faster than 2 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001069258). Data updated October 16, 2026. For information only — not investment advice. Check the original filings before relying on any figure.