Kratos Defense & Security Solutions
KTOS · Aerospace & Defense
$38.68
1.1%Intuitive Machines
LUNR · Aerospace & Defense
$10.52
0.7%The short version
- Kratos Defense & Security Solutions is the larger business, with $1.3B of revenue in fiscal 2025 against $210M for Intuitive Machines, about 6.4 times as much.
- Kratos Defense & Security Solutions grew revenue faster (18.5%, against −7.9%).
- Kratos Defense & Security Solutions kept more of each dollar of sales as operating profit (1.9% operating margin, against −41.5% operating margin).
- Kratos Defense & Security Solutions turned more of its sales into free cash flow (−10.2% FCF margin, against −26.6% FCF margin).
| Latest fiscal year | KTOS · FY25 | LUNR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.4B | $1.7B |
| Revenue | $1.3B | $210M |
| Free cash flow | −$137M | −$56.0M |
| Net income | $22.0M | −$83.3M |
| Growth | ||
| Revenue growth | 18.5% | −7.9% |
| 5-year growth | 12.5% | — |
| Share count change | 9.5% | 88.0% |
| Profitability | ||
| Gross margin | 22.9% | — |
| Operating margin | 1.9% | −41.5% |
| Net margin | 1.6% | −39.7% |
| FCF margin | −10.2% | −26.6% |
| Return on capital | 1.2% | — |
| Return on equity | 1.3% | — |
| Balance sheet | ||
| Net debt | −$461M | −$247M |
| Net debt / EBITDA | −6.4x | — |
| Dividends and buybacks | $0.0M | $20.7M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 4 | 3 |
FY16
KTOS $669M
LUNR —
FY17
KTOS $752M
LUNR —
FY18
KTOS $618M
LUNR —
FY19
KTOS $718M
LUNR —
FY20
KTOS $748M
LUNR —
FY21
KTOS $812M
LUNR —
FY22
KTOS $898M
LUNR $85.9M
FY23
KTOS $1.0B
LUNR $79.6M
FY24
KTOS $1.1B
LUNR $228M
FY25
KTOS $1.3B
LUNR $210M
KTOS
LUNR
FY16
KTOS −2.7%
LUNR —
FY17
KTOS −1.6%
LUNR —
FY18
KTOS 4.9%
LUNR —
FY19
KTOS 5.3%
LUNR —
FY20
KTOS 3.9%
LUNR —
FY21
KTOS 3.4%
LUNR —
FY22
KTOS −0.3%
LUNR −6.4%
FY23
KTOS 3.0%
LUNR −76.8%
FY24
KTOS 2.6%
LUNR −25.2%
FY25
KTOS 1.9%
LUNR −41.5%
KTOS
LUNR
FY16
KTOS —
LUNR —
FY17
KTOS —
LUNR —
FY18
KTOS —
LUNR —
FY19
KTOS —
LUNR —
FY20
KTOS $8.8M
LUNR —
FY21
KTOS −$11.2M
LUNR —
FY22
KTOS −$71.1M
LUNR −$15.6M
FY23
KTOS $12.8M
LUNR −$75.2M
FY24
KTOS −$8.5M
LUNR −$67.7M
FY25
KTOS −$137M
LUNR −$56.0M
KTOS
LUNR
FY16
KTOS −2.2%
LUNR —
FY17
KTOS −1.4%
LUNR —
FY18
KTOS 2.3%
LUNR —
FY19
KTOS 3.9%
LUNR —
FY20
KTOS 3.6%
LUNR —
FY21
KTOS 1.5%
LUNR —
FY22
KTOS −0.2%
LUNR —
FY23
KTOS 1.3%
LUNR —
FY24
KTOS 1.5%
LUNR —
FY25
KTOS 1.2%
LUNR —
KTOS
LUNR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.