BETA Technologies, Inc. (BETA) vs Kratos Defense & Security Solutions, Inc. (KTOS)

BETA Technologies, Inc. and Kratos Defense & Security Solutions, Inc. are both Aerospace & Defense companies. Kratos Defense & Security Solutions, Inc. is the larger, with a market value of $6.3B against $5.7B — 1.1× the size. BETA Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Kratos Defense & Security Solutions, Inc. trades at 197×. BETA Technologies, Inc. grew revenue faster over the last twelve months: 94.6% against 28.2%. Kratos Defense & Security Solutions, Inc. has the higher net margin (1.34% vs −1,340.3%) and the higher return on invested capital (0.20% vs −99.2%). Across the 17 metrics below, Kratos Defense & Security Solutions, Inc. leads on 13 and BETA Technologies, Inc. on 4.

Valuation

Metric BETA KTOS Aerospace & Defense median
P/E n/m 196.94 28.48
P/S 105.60 3.84 2.95
P/B 3.73 1.83 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA n/m 52.80 16.85
EV/Sales 83.79 3.07 2.74
Earnings yield (15.31%) 0.51% 0.89%
Free cash flow yield (8.47%) (1.95%) 0.00%

Profitability

Metric BETA KTOS Aerospace & Defense median
Gross margin 62.49% 23.02% 26.41%
Operating margin (1,032.98%) 0.39% 3.69%
Net margin (1,340.32%) 1.34% 2.74%
Free cash flow margin (894.23%) (7.47%) 0.00%
Return on equity 1,958.90% 0.81% 4.44%
Return on assets (49.09%) 0.67% 1.90%
Return on invested capital (99.23%) 0.20% 0.26%

Growth

Metric BETA KTOS Aerospace & Defense median
Revenue growth (TTM) 94.55% 28.17% 18.03%
EPS growth (last fiscal year) (89.81%) 18.18% 24.80%
Revenue growth, 5-year CAGR — 12.49% 9.73%
Net income growth, 5-year CAGR — (22.68%) 0.00%

Health

Metric BETA KTOS Aerospace & Defense median
Debt to equity 0.11 0.00 0.20
Current ratio 11.51 5.42 2.85
Net debt to EBITDA 4.36 (5.44) 1.29

Dividend

Metric BETA KTOS Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric BETA KTOS Aerospace & Defense median
Market cap 5.65b 6.27b 1.78b

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