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.

Revenue
+30.5%
EPS
0.00%
Free cash flow
+12.4%
Total debt
−42.2%

Quarter to June 2026, against a year earlier

35.93 5.06 −12.34%
Market cap
$7.7B
P/E
241×
Fwd P/E
209×
Dividend yield
—
F-score
4/9
Altman Z
16.42
Beneish M
−1.87
Dividend safety
n/a

Kratos Defense & Security Solutions, Inc. (KTOS) Gross margin

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Kratos Defense & Security Solutions, Inc.'s gross margin over the twelve months to 30 June 2026 was 23.0%, up 0.1 percentage points from fiscal 2025 (22.9%). Over the past ten years it has ranged from 22.2% (fiscal 2016) to 27.7% (fiscal 2021); the current reading is higher than 18% of that period. That is below the Aerospace & Defense industry median of 26.0% and below the Industrials sector median of 30.7%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 22.9% (2.42)
FY2024 25.3% (0.62)
FY2023 25.9% 0.74
FY2022 25.2% (2.58)
FY2021 27.7% 0.56
FY2020 27.2% 0.70
FY2019 26.5% (0.98)
FY2018 27.5% 1.34
FY2017 26.1% 3.88
FY2016 22.2% (2.38)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 21.8% (2.33)
Mar 2026 24.2% (0.02)
Dec 2025 24.2% 1.99
Sep 2025 22.2% 1.18
42 more quarters

Against its own ten years

Low 22.2% High 27.7%
Ten-year median 25.9%
Current reading's percentile 17

Gross margin against peers

Company Gross margin
LOAR Loar Holdings Inc. compare 52.2%
KRMN Karman Holdings Inc. compare 41.7%
MOG.A Moog Inc. compare 28.2%
AVAV AeroVironment, Inc. compare 26.5%
DRS Leonardo DRS, Inc. compare 25.3%
HXL Hexcel Corporation compare 25.2%
KTOS Kratos Defense & Security Solutions, Inc. 23.0%
SARO StandardAero, Inc. compare 15.1%
BWXT BWX Technologies, Inc. compare 0.00%
Aerospace & Defense industry median 26.0%
Industrials sector median 30.7%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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