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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.

39.96 0.39 −0.97%
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

Insider Decisions trades per month

Total sells 133.99
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 7 11 10 8 10 8 9 7 5 7 3 —
Insider Ownership 1.73%

Capital & Financial Ratios $m

Market Cap 7,570.00
Revenue 1,522.50
Net Income 30.90
Free Cash Flow (128.90)
Net Debt (1,302.80)
Current Ratio 5.54 (at or above 1.5: strong)
Debt/Equity 0.04 (at or below 0.5: strong)
P/E ratio 237.35 (above 35: high)
Fwd P/E 313.00 (above 35: high)
P/S ratio 5.00
P/B ratio 2.22
Past 5Y EPS Growth (27.96%) (below 0%: weak)
This Y EPS Growth 52.18% (at or above 15%: strong)
Next Y EPS Growth 34.52% (at or above 15%: strong)
Next Y revenue growth 33.35% (at or above 10%: strong)
Next 5Y EPS Growth 38.20% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.1×, against a ten-year median of 2.7×; over the ten years it ranged from 0.9× in 2016 to 12.1× in 2026.
P/E against its own 10 years 48.80%
10-year low 10-year high
P/S against its own 10 years 87.12%
10-year low 10-year high
P/B against its own 10 years 33.99%
10-year low 10-year high
EV/Sales against its own 10 years 82.21%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 73 329 561 1,438
Receivables 329 324 457 577
Inventory 156 162 188 236
Other 20 39 44 82
594 872 1,263 2,357
2023 2024 2025 Q'26
Payables 63 82 70 105
ST’ Debt — — — —
Other 116 91 82 114
293 297 311 425

Compound Annual Growth %

10y 5y 3y
Sales 7.44% 12.49% 14.45%
Cash Flow 0.00% 0.00% 0.00%
Earnings 1.06% (22.68%) 0.00%
Book Value 22.89% 16.62% 28.71%

Revenue $m

Mar Jun Sep Dec Year
’26 371 459 — — —
’25 303 352 348 345 1,347
’24 277 300 276 283 1,136
’23 232 257 275 274 1,037
’22 196 224 229 249 898
’21 194 205 201 212 812
’20 169 170 202 206 748
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (27) (11) — — —
’25 (29) (12) (13) 12 (42)
’24 1 (3) 6 46 50
’23 (26) 24 0 67 65
’22 (8) (22) (3) 7 (26)
’21 23 (1) 13 1 35
’20 4 7 8 26 45
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (47) (28) — — —
’25 (52) (32) (41) (12) (137)
’24 (16) (15) (9) 32 (8)
’23 (33) 12 (14) 48 13
’22 (19) (33) (16) (4) (71)
’21 13 (12) 0 (12) (11)
’20 (2) (1) (1) 13 9
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.07 0.02 — — —
’25 0.03 0.02 0.05 0.03 0.13
’24 0.01 0.05 0.02 0.03 0.11
’23 (0.05) (0.02) (0.01) 0.02 (0.07)
’22 (0.12) (0.04) (0.06) (0.07) (0.29)
’21 0.01 0.01 (0.02) (0.02) (0.02)
’20 0.00 (0.01) 0.02 0.62 0.67
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.80 6.83 8.90 13.00 5.00 18.83 8.90 9.87 16.71 23.90

Analyst estimates 2026–2028

Powerpack
High 8.22 13.93 16.09 25.08 28.53 34.11 22.26 21.42 28.71 112.57
People
People Employees 2,900 2,900 2,600 3,000 3,200 3,300 3,600 3,900 4,000 4,300
Revenue/emp, $m 0.19 0.21 0.24 0.24 0.23 0.25 0.25 0.27 0.28 0.31
Income, $m
Income, $m Revenue 542 603 618 718 748 812 898 1,037 1,136 1,347
Gross margin, % 22.24 26.12 27.46 26.48 27.18 27.74 25.16 25.90 25.28 22.86
EBT (52) (57) 9 16 7 4 (33) 11 27 34
EBT margin, % (9.56) (9.46) 1.41 2.19 0.91 0.54 (3.67) 1.07 2.33 2.52
Net income (60) (43) (3) 13 79 (2) (33) 2 16 22
Depreciation 25 48 19 36 35 36 42 45 53 60
Per share, $
Per share, $ Revenue 8.84 6.74 5.95 6.77 6.47 6.51 7.09 7.95 7.63 8.28
Earnings (0.99) (0.48) (0.03) 0.12 0.69 (0.02) (0.29) (0.07) 0.11 0.14
Cash flow (0.24) (0.30) 0.17 0.27 0.39 0.28 (0.20) 0.50 0.33 (0.26)
Capex (0.15) (0.29) (0.22) (0.25) (0.31) (0.37) (0.36) (0.40) (0.39) (0.59)
Free cash flow (0.38) (0.59) (0.04) 0.02 0.08 (0.09) (0.56) 0.10 (0.06) (0.84)
Book value 4.51 5.72 5.00 5.42 8.01 7.59 7.39 7.48 9.08 12.27
Shares, m 61 90 104 106 116 125 127 130 149 163
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 150.08 42.86 0.00 0.00 0.00 239.82 583.92
P/S 0.83 1.63 2.37 2.66 4.24 2.98 1.41 2.48 3.46 9.17
P/B 1.63 1.92 2.82 3.33 3.42 2.56 1.36 2.64 2.90 6.19
EV/Sales 1.50 1.90 2.55 2.83 4.13 2.92 1.60 2.68 3.38 8.83
EV/FCF (34.47) (21.59) (349.94) 781.75 350.98 (211.21) (20.26) 216.81 (451.92) (86.51)
Cash, $m
Cash, $m Operating cash flow (15) (27) 18 29 45 35 (26) 65 50 (42)
Capex (9) (26) (23) (26) (36) (46) (45) (52) (58) (95)
Free cash flow (24) (53) (4) 3 9 (11) (71) 13 (8) (137)
Balance, $m
Balance, $m Working capital 177 283 330 340 567 537 348 302 575 952
Total debt 432 294 294 295 301 297 250 270 239 96
Net debt 362 163 111 123 (80) (53) 169 197 (90) (465)
Shareholders’ equity 276 512 519 574 925 945 936 976 1,353 1,996
Returns, %
Returns, % ROA (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
ROE (22.80) (10.84) (0.68) 2.29 10.62 (0.21) (3.92) (0.93) 1.40 1.31
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Kratos Defense & Security Solutions, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MOG.A Moog Inc. $11.8B 31.4× 36.7× +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
HII Huntington Ingalls Industries, Inc. $10.4B 15.4× 16.8× +10.90% (above 0%: growing) +36.53% (above 0%: growing) −120.66% (below 0%: shrinking) 12.61% 6.76% Compare
DRS Leonardo DRS, Inc. $9.5B 28.8× 37.8× +10.13% (above 0%: growing) +65.00% (above 0%: growing) +110.71% (above 0%: growing) 25.96% 11.17% Compare
KTOS Kratos Defense & Security Solutions, Inc. $7.8B 237× 313× +30.53% (above 0%: growing) 0.00% +12.42% (above 0%: growing) 21.82% (0.35%)
AVAV AeroVironment, Inc. $6.7B — (loss-making) 172× +5.68% (above 0%: growing) n/m +76.92% (above 0%: growing) 25.93% (2.26%) Compare
SARO StandardAero, Inc. $6.6B 20.1× 21.8× +4.63% (above 0%: growing) +42.86% (above 0%: growing) +263.74% (above 0%: growing) 16.80% 10.53% Compare
HXL Hexcel Corporation $6.4B 43.1× 40.7× +8.04% (above 0%: growing) +282.35% (above 0%: growing) +625.00% (above 0%: growing) 26.09% 13.72% Compare
LOAR Loar Holdings Inc. $5.8B 85.9× 111× +39.36% (above 0%: growing) 0.00% +31.01% (above 0%: growing) 53.15% 24.39% Compare
PL Planet Labs PBC $5.8B — (loss-making) — (loss-making) +58.14% (above 0%: growing) n/m −48.55% (below 0%: shrinking) 56.55% (11.64%) Compare
Median of peers $6.6B 30.1× 37.8× +10.52% +53.93% +72.22% 26.03% 10.85%

All 82 Aerospace & Defense stocks →

Kratos Defense & Security Solutions, Inc. (KTOS) key facts

  • Strength: Kratos Defense & Security Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 18.5% from fiscal 2024.
  • Kratos Defense & Security Solutions, Inc. (KTOS) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
  • As of October 13, 2026, KTOS traded at $40.35, a market capitalization of $7.6 billion.
  • Return on equity was 1.31% and debt-to-equity 0.04.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 16.42 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Kratos Defense & Security Solutions, Inc. (KTOS) Latest News

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stockrow.com/KTOS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com