Wednesday 14 October 2026 Export KTOS’s income statement to Excel — free account

Kratos Defense & Security Solutions, Inc.

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.

39.30 1.05 −2.60%

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Market cap: $7.6B
P/E: 237×
Fwd P/E: 313×
Dividend yield: —
F-score: 4/9
Altman Z: 16.42
Beneish M: −1.87
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	0.00	0.00	0.00	150.08	42.86	0.00	0.00	0.00	239.82	583.92
Piotroski F-Score Full definition →	2	6	6	6	6	4	3	5	6	4
P/S ratio Full definition →	0.83	1.63	2.37	2.66	4.24	2.98	1.41	2.48	3.46	9.17
Altman Z-Score Full definition →	0.14	1.01	1.89	2.09	3.39	2.67	1.51	2.75	4.45	16.42
P/FCF ratio Full definition →	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) Full definition →	(0.80)	0.48	1.12	1.12	2.71	2.57	1.65	1.54	3.30	6.20
Beneish M-Score Full definition →	(2.47)	(2.71)	(2.35)	(2.37)	(2.32)	(2.55)	(2.23)	(2.68)	(2.55)	(1.87)
P/Operating CF Full definition →	(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 Full definition →	1.63	1.92	2.82	3.33	3.42	2.56	1.36	2.64	2.90	6.19
Price to Tangible BV Full definition →	0.00	15.37	18.87	24.17	7.95	5.92	3.94	7.48	5.38	9.17
EV/Sales Full definition →	1.50	1.90	2.55	2.83	4.13	2.92	1.60	2.68	3.38	8.83
EV/EBITDA Full definition →	117.91	31.44	31.88	27.43	48.04	37.19	37.13	36.28	47.07	139.19
EV/Operating CF Full definition →	(55.72)	(42.55)	87.00	70.33	69.10	67.01	(56.06)	42.56	77.29	(282.35)
EV/FCF Full definition →	(34.47)	(21.59)	(349.94)	781.75	350.98	(211.21)	(20.26)	216.81	(451.92)	(86.51)
Quick Ratio Full definition →	1.55	1.82	2.55	2.39	3.31	2.87	1.75	1.37	2.20	3.27
Current Ratio Full definition →	1.90	2.50	3.00	2.86	3.87	3.43	2.49	2.03	2.94	4.06
Net Debt/EBITDA Full definition →	52.52	4.47	2.25	1.65	(1.25)	(0.83)	4.35	2.58	(1.11)	(5.44)
Debt/Assets Full definition →	45.54%	28.66%	29.13%	24.88%	19.26%	18.67%	16.13%	16.55%	12.25%	3.88%
Debt/Equity Full definition →	1.56	0.57	0.57	0.51	0.33	0.31	0.27	0.28	0.18	0.05
Asset Turnover Full definition →	0.59	0.61	0.61	0.65	0.54	0.51	0.57	0.65	0.63	0.61
Operating CF/Net income Full definition →	0.24	0.63	(5.17)	2.31	0.56	(17.65)	0.70	(7.33)	3.05	(1.91)
Capex/Depreciation Full definition →	(0.36)	(0.54)	(1.20)	(0.73)	(1.03)	(1.30)	(1.09)	(1.15)	(1.11)	(1.59)
Interest Coverage Full definition →	(0.52)	(0.42)	1.47	1.76	1.29	1.19	(0.16)	1.52	9.67	(4.34)
ROE Full definition →	(22.80%)	(10.84%)	(0.68%)	2.29%	10.62%	(0.21%)	(3.92%)	(0.93%)	1.40%	1.31%
ROA Full definition →	(6.53%)	(4.33%)	(0.34%)	1.14%	5.79%	(0.13%)	(2.35%)	(0.56%)	0.91%	1.00%
ROIC Full definition →	(1.76%)	(1.11%)	3.02%	3.41%	2.17%	1.95%	(0.16%)	1.66%	1.44%	1.04%
Return on Tangible Assets Full definition →	(26.72%)	(12.54%)	(0.88%)	2.74%	11.20%	(0.28%)	(6.57%)	(1.63%)	1.89%	1.67%
Average Days of Receivables Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	0.94%	1.29%	1.17%	1.53%	2.81%	3.18%	2.93%	2.44%	2.62%	2.64%
Graham Net Nets Full definition →	(0.66)	(0.04)	0.00	(0.05)	0.04	0.05	(0.03)	(0.02)	0.07	0.06
Graham Number Full definition →	0.00	0.00	0.00	3.82	10.74	0.00	0.00	0.00	4.74	5.99
Earnings Yield Full definition →	(13.59%)	(4.20%)	(0.14%)	0.67%	2.33%	(0.08%)	(2.89%)	(0.30%)	0.42%	0.17%
Free Cash Flow Yield Full definition →	(5.23%)	(5.40%)	(0.31%)	0.14%	0.28%	(0.46%)	(5.59%)	0.50%	(0.22%)	(1.11%)
Revenue per Share Full definition →	8.84	6.74	5.95	6.77	6.47	6.51	7.09	7.95	7.63	8.28
Operating CF per Share Full definition →	(0.24)	(0.30)	0.17	0.27	0.39	0.28	(0.20)	0.50	0.33	(0.26)
Capex per Share Full definition →	(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 Full definition →	(0.38)	(0.59)	(0.04)	0.02	0.08	(0.09)	(0.56)	0.10	(0.06)	(0.84)
Cash per Share Full definition →	1.14	1.46	1.76	1.63	3.30	2.80	0.64	0.56	2.21	3.45
Shareholders Equity per Share Full definition →	4.51	5.72	5.00	5.42	8.01	7.59	7.39	7.48	9.08	12.27
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	4.51	5.72	5.00	5.42	8.01	7.59	7.39	7.48	9.08	12.27
Free Cash Flow Full definition →	(23.60)	(53.00)	(4.50)	2.60	8.80	(11.20)	(71.10)	12.80	(8.50)	(137.40)
Working Capital Full definition →	176.60	282.50	330.00	339.50	567.20	537.00	348.40	301.70	575.40	951.90
Capital Expenditures Full definition →	(9.00)	(26.10)	(22.60)	(26.30)	(35.90)	(46.50)	(45.40)	(52.40)	(58.20)	(95.30)
Net Current Asset Value Full definition →	(299.10)	(41.10)	3.90	(89.70)	127.30	113.70	(32.60)	(62.30)	274.40	792.00
EV/EBIT Full definition →	0.00	0.00	51.63	53.49	105.42	84.79	0.00	89.23	132.46	464.32
Capex to Sales Full definition →	0.02	0.04	0.04	0.04	0.05	0.06	0.05	0.05	0.05	0.07
Price to Operating Income Full definition →	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 Full definition →	0.50	0.83	0.28	0.31	0.24	0.21	0.20	0.19	0.18	0.17
Cash ROIC Full definition →	(3.03%)	(5.66%)	(0.45%)	0.25%	0.55%	(0.70%)	(5.61%)	0.97%	(0.44%)	(5.18%)
Accounts Receivable Turnover Full definition →	2.43	2.70	2.75	2.86	2.79	2.91	2.93	3.15	3.48	3.45
Accounts Payable Turnover Full definition →	8.34	10.20	11.03	10.51	9.97	11.09	12.48	12.77	11.70	13.71
Inventory Turnover Full definition →	7.59	8.54	9.36	9.78	7.65	6.78	6.19	5.46	5.34	5.93
Average Days of Payables Full definition →	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 Full definition →	47.99	40.13	38.10	42.28	54.43	57.08	68.14	74.19	69.68	66.12
Average Receivables Full definition →	222.70	223.15	224.85	250.90	268.35	278.50	306.60	328.85	326.50	390.60
Average Payables Full definition →	50.50	43.70	40.65	50.20	54.60	52.90	53.85	60.20	72.55	75.80
Average Inventory Full definition →	55.50	52.20	47.90	53.95	71.15	86.45	108.60	140.85	159.15	175.15
Average Assets Full definition →	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 Full definition →	265.30	393.95	515.40	546.70	749.70	935.20	940.70	956.15	1,164.60	1,674.75

Fold the line items

Columns are period end dates

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