Kratos Defense & Security Solutions, Inc. (KTOS) vs Planet Labs PBC (PL)

Kratos Defense & Security Solutions, Inc. and Planet Labs PBC are both Aerospace & Defense companies. Kratos Defense & Security Solutions, Inc. is the larger, with a market value of $8.8B against $6.6B — 1.3× the size. Planet Labs PBC has negative trailing earnings, so its P/E is not meaningful; Kratos Defense & Security Solutions, Inc. trades at 268×. Planet Labs PBC grew revenue faster over the last twelve months: 44.1% against 25.5%. Kratos Defense & Security Solutions, Inc. has the higher net margin (2.03% vs −95.1%) and the higher return on invested capital (0.54% vs −44.2%). Across the 19 metrics below, Kratos Defense & Security Solutions, Inc. leads on 13 and Planet Labs PBC on 6.

Valuation

Metric KTOS PL Aerospace & Defense median
P/E 268.35 n/m 33.00
P/S 5.65 16.59 3.63
P/B 2.51 11.12 3.24
Price to free cash flow n/m 315.77 34.01
EV/EBITDA 76.44 n/m 18.69
EV/Sales 4.80 15.50 3.94
Earnings yield 0.37% (6.30%) 1.31%
Free cash flow yield (1.50%) 0.32% 0.00%

Profitability

Metric KTOS PL Aerospace & Defense median
Gross margin 23.00% 55.42% 25.48%
Operating margin 1.21% (27.16%) 4.54%
Net margin 2.03% (95.13%) 2.22%
Free cash flow margin (8.47%) 5.25% 0.00%
Return on equity 1.15% (71.97%) 6.43%
Return on assets 0.93% (33.83%) 2.70%
Return on invested capital 0.54% (44.19%) 1.56%

Growth

Metric KTOS PL Aerospace & Defense median
Revenue growth (TTM) 25.50% 44.12% 18.43%
EPS growth (last fiscal year) 18.18% (90.48%) —
Revenue growth, 5-year CAGR 12.49% 22.15% 9.62%
Net income growth, 5-year CAGR (22.68%) 0.00% 0.00%

Health

Metric KTOS PL Aerospace & Defense median
Debt to equity 0.04 0.79 0.24
Current ratio 5.54 2.84 2.72
Net debt to EBITDA (5.44) 3.64 1.12

Dividend

Metric KTOS PL Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric KTOS PL Aerospace & Defense median
Market cap 8.84b 6.61b 2.52b

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