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