Wednesday 14 October 2026
Export KTOS’s income statement to Excel — free account
Kratos Defense & Security Solutions, Inc.
KTOS Industrials Aerospace & Defense
Kratos Defense & Security Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 18.5% from fiscal 2024. In the quarter to June 2026, revenue grew 30.5%, EPS was flat, free cash flow grew 12.4% and total debt fell 42.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
39.51
0.84
−2.08%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 150.08 | 42.86 | 0.00 | 0.00 | 0.00 | 239.82 | 583.92 |
Piotroski F-Score |
2 | 6 | 6 | 6 | 6 | 4 | 3 | 5 | 6 | 4 |
P/S ratio |
0.83 | 1.63 | 2.37 | 2.66 | 4.24 | 2.98 | 1.41 | 2.48 | 3.46 | 9.17 |
Altman Z-Score |
0.14 | 1.01 | 1.89 | 2.09 | 3.39 | 2.67 | 1.51 | 2.75 | 4.45 | 16.42 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 734.25 | 360.02 | 0.00 | 0.00 | 201.31 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(0.80) | 0.48 | 1.12 | 1.12 | 2.71 | 2.57 | 1.65 | 1.54 | 3.30 | 6.20 |
Beneish M-Score |
(2.47) | (2.71) | (2.35) | (2.37) | (2.32) | (2.55) | (2.23) | (2.68) | (2.55) | (1.87) |
P/Operating CF |
(76.47) | (98.09) | 541.68 | (1,468.51) | 123.76 | 3,453.20 | 192.55 | 38.23 | 86.20 | 1,020.71 |
P/B ratio |
1.63 | 1.92 | 2.82 | 3.33 | 3.42 | 2.56 | 1.36 | 2.64 | 2.90 | 6.19 |
Price to Tangible BV |
0.00 | 15.37 | 18.87 | 24.17 | 7.95 | 5.92 | 3.94 | 7.48 | 5.38 | 9.17 |
EV/Sales |
1.50 | 1.90 | 2.55 | 2.83 | 4.13 | 2.92 | 1.60 | 2.68 | 3.38 | 8.83 |
EV/EBITDA |
117.91 | 31.44 | 31.88 | 27.43 | 48.04 | 37.19 | 37.13 | 36.28 | 47.07 | 139.19 |
EV/Operating CF |
(55.72) | (42.55) | 87.00 | 70.33 | 69.10 | 67.01 | (56.06) | 42.56 | 77.29 | (282.35) |
EV/FCF |
(34.47) | (21.59) | (349.94) | 781.75 | 350.98 | (211.21) | (20.26) | 216.81 | (451.92) | (86.51) |
Quick Ratio |
1.55 | 1.82 | 2.55 | 2.39 | 3.31 | 2.87 | 1.75 | 1.37 | 2.20 | 3.27 |
Current Ratio |
1.90 | 2.50 | 3.00 | 2.86 | 3.87 | 3.43 | 2.49 | 2.03 | 2.94 | 4.06 |
Net Debt/EBITDA |
52.52 | 4.47 | 2.25 | 1.65 | (1.25) | (0.83) | 4.35 | 2.58 | (1.11) | (5.44) |
Debt/Assets |
45.54% | 28.66% | 29.13% | 24.88% | 19.26% | 18.67% | 16.13% | 16.55% | 12.25% | 3.88% |
Debt/Equity |
1.56 | 0.57 | 0.57 | 0.51 | 0.33 | 0.31 | 0.27 | 0.28 | 0.18 | 0.05 |
Asset Turnover |
0.59 | 0.61 | 0.61 | 0.65 | 0.54 | 0.51 | 0.57 | 0.65 | 0.63 | 0.61 |
Operating CF/Net income |
0.24 | 0.63 | (5.17) | 2.31 | 0.56 | (17.65) | 0.70 | (7.33) | 3.05 | (1.91) |
Capex/Depreciation |
(0.36) | (0.54) | (1.20) | (0.73) | (1.03) | (1.30) | (1.09) | (1.15) | (1.11) | (1.59) |
Interest Coverage |
(0.52) | (0.42) | 1.47 | 1.76 | 1.29 | 1.19 | (0.16) | 1.52 | 9.67 | (4.34) |
| (22.80%) | (10.84%) | (0.68%) | 2.29% | 10.62% | (0.21%) | (3.92%) | (0.93%) | 1.40% | 1.31% | |
| (6.53%) | (4.33%) | (0.34%) | 1.14% | 5.79% | (0.13%) | (2.35%) | (0.56%) | 0.91% | 1.00% | |
ROIC |
(1.76%) | (1.11%) | 3.02% | 3.41% | 2.17% | 1.95% | (0.16%) | 1.66% | 1.44% | 1.04% |
Return on Tangible Assets |
(26.72%) | (12.54%) | (0.88%) | 2.74% | 11.20% | (0.28%) | (6.57%) | (1.63%) | 1.89% | 1.67% |
Average Days of Receivables |
157.61 | 128.44 | 140.21 | 134.50 | 132.93 | 128.05 | 133.48 | 115.86 | 104.01 | 123.96 |
Research and Development Expense of Revenue |
2.57% | 2.95% | 2.52% | 2.51% | 3.61% | 4.34% | 4.30% | 3.70% | 3.55% | 2.97% |
Selling, General and Administrative Expense of Revenue |
21.15% | 21.10% | 19.39% | 18.23% | 19.33% | 19.74% | 20.35% | 19.16% | 19.11% | 17.83% |
Intangible Assets out of Total Assets |
0.55 | 0.44 | 0.44 | 0.42 | 0.34 | 0.34 | 0.40 | 0.39 | 0.32 | 0.26 |
Share Based Compensation of Revenue |
0.94% | 1.29% | 1.17% | 1.53% | 2.81% | 3.18% | 2.93% | 2.44% | 2.62% | 2.64% |
Graham Net Nets |
(0.66) | (0.04) | 0.00 | (0.05) | 0.04 | 0.05 | (0.03) | (0.02) | 0.07 | 0.06 |
Graham Number |
0.00 | 0.00 | 0.00 | 3.82 | 10.74 | 0.00 | 0.00 | 0.00 | 4.74 | 5.99 |
Earnings Yield |
(13.59%) | (4.20%) | (0.14%) | 0.67% | 2.33% | (0.08%) | (2.89%) | (0.30%) | 0.42% | 0.17% |
Free Cash Flow Yield |
(5.23%) | (5.40%) | (0.31%) | 0.14% | 0.28% | (0.46%) | (5.59%) | 0.50% | (0.22%) | (1.11%) |
Revenue per Share |
8.84 | 6.74 | 5.95 | 6.77 | 6.47 | 6.51 | 7.09 | 7.95 | 7.63 | 8.28 |
Operating CF per Share |
(0.24) | (0.30) | 0.17 | 0.27 | 0.39 | 0.28 | (0.20) | 0.50 | 0.33 | (0.26) |
Capex per Share |
(0.15) | (0.29) | (0.22) | (0.25) | (0.31) | (0.37) | (0.36) | (0.40) | (0.39) | (0.59) |
Free Cash Flow per Share |
(0.38) | (0.59) | (0.04) | 0.02 | 0.08 | (0.09) | (0.56) | 0.10 | (0.06) | (0.84) |
Cash per Share |
1.14 | 1.46 | 1.76 | 1.63 | 3.30 | 2.80 | 0.64 | 0.56 | 2.21 | 3.45 |
Shareholders Equity per Share |
4.51 | 5.72 | 5.00 | 5.42 | 8.01 | 7.59 | 7.39 | 7.48 | 9.08 | 12.27 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.51 | 5.72 | 5.00 | 5.42 | 8.01 | 7.59 | 7.39 | 7.48 | 9.08 | 12.27 |
Free Cash Flow |
(23.60) | (53.00) | (4.50) | 2.60 | 8.80 | (11.20) | (71.10) | 12.80 | (8.50) | (137.40) |
Working Capital |
176.60 | 282.50 | 330.00 | 339.50 | 567.20 | 537.00 | 348.40 | 301.70 | 575.40 | 951.90 |
Capital Expenditures |
(9.00) | (26.10) | (22.60) | (26.30) | (35.90) | (46.50) | (45.40) | (52.40) | (58.20) | (95.30) |
Net Current Asset Value |
(299.10) | (41.10) | 3.90 | (89.70) | 127.30 | 113.70 | (32.60) | (62.30) | 274.40 | 792.00 |
EV/EBIT |
0.00 | 0.00 | 51.63 | 53.49 | 105.42 | 84.79 | 0.00 | 89.23 | 132.46 | 464.32 |
Capex to Sales |
0.02 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.07 |
Price to Operating Income |
0.00 | 0.00 | 47.95 | 50.24 | 108.13 | 86.64 | 0.00 | 82.85 | 135.54 | 482.44 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.50 | 0.83 | 0.28 | 0.31 | 0.24 | 0.21 | 0.20 | 0.19 | 0.18 | 0.17 |
Cash ROIC |
(3.03%) | (5.66%) | (0.45%) | 0.25% | 0.55% | (0.70%) | (5.61%) | 0.97% | (0.44%) | (5.18%) |
Accounts Receivable Turnover |
2.43 | 2.70 | 2.75 | 2.86 | 2.79 | 2.91 | 2.93 | 3.15 | 3.48 | 3.45 |
Accounts Payable Turnover |
8.34 | 10.20 | 11.03 | 10.51 | 9.97 | 11.09 | 12.48 | 12.77 | 11.70 | 13.71 |
Inventory Turnover |
7.59 | 8.54 | 9.36 | 9.78 | 7.65 | 6.78 | 6.19 | 5.46 | 5.34 | 5.93 |
Average Days of Payables |
45.65 | 28.42 | 37.94 | 37.23 | 37.14 | 31.37 | 31.11 | 29.97 | 35.25 | 24.45 |
Days of Inventory on Hand |
47.99 | 40.13 | 38.10 | 42.28 | 54.43 | 57.08 | 68.14 | 74.19 | 69.68 | 66.12 |
Average Receivables |
222.70 | 223.15 | 224.85 | 250.90 | 268.35 | 278.50 | 306.60 | 328.85 | 326.50 | 390.60 |
Average Payables |
50.50 | 43.70 | 40.65 | 50.20 | 54.60 | 52.90 | 53.85 | 60.20 | 72.55 | 75.80 |
Average Inventory |
55.50 | 52.20 | 47.90 | 53.95 | 71.15 | 86.45 | 108.60 | 140.85 | 159.15 | 175.15 |
Average Assets |
925.95 | 986.30 | 1,017.05 | 1,098.05 | 1,374.40 | 1,576.15 | 1,570.50 | 1,592.00 | 1,791.70 | 2,209.05 |
Average Common Equity |
265.30 | 393.95 | 515.40 | 546.70 | 749.70 | 935.20 | 940.70 | 956.15 | 1,164.60 | 1,674.75 |
Columns are period end dates