SuperworthKratos Defense & Security Solutions free cash flow KTOS
Cash from operations less capital spending, by quarter and over the last twelve months, from 2011.
- Last 12 months, to Jun 28, 2026
- −$128.9M
- Latest quarter, Q2 FY26
- −$28.2M
- Fiscal year 2025
- −$137.4M
Kratos Defense & Security Solutions' free cash flow was −$128.9M over the twelve months to Jun 28, 2026.
In its latest quarter, Q2 FY26, it was −$28.2M.
Free cash flow over time
Fiscal year by fiscal year
| Fiscal year | Free cash flow | Change |
|---|---|---|
| FY2025 | −$137.4M | n/a |
| FY2024 | −$8.5M | −166% |
| FY2023 | $12.8M | n/a |
| FY2022 | −$71M | n/a |
| FY2021 | −$11.2M | −227% |
| FY2020 | $8.8M | +238% |
| FY2019 | $2.6M | n/a |
| FY2018 | −$4.5M | n/a |
| FY2017 | −$53M | n/a |
| FY2016 | −$21.6M | n/a |
| FY2015 | −$41M | n/a |
| FY2014 | −$13.5M | −325% |
| FY2013 | $6M | −83% |
| FY2012 | $35.7M | n/a |
| FY2011 | n/a | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Free cash flow | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | −$28.2M | n/a | −$128.9M | |
| Q1 FY26 | −$47.3M | n/a | −$132.9M | |
| Q4 FY25 | −$12.1M | −138% | −$137.4M | |
| Q3 FY25 | −$41.3M | n/a | −$93.3M | |
| Q2 FY25 | −$32.2M | n/a | −$61.2M | |
| Q1 FY25 | −$51.8M | n/a | −$44.4M | |
| Q4 FY24 | $32M | −33% | −$8.5M | |
| Q3 FY24 | −$9.2M | n/a | $7.6M | |
| Q2 FY24 | −$15.4M | −225% | $2.6M | |
| Q1 FY24 | −$15.9M | n/a | $30.3M | |
| Q4 FY23 | $48.1M | n/a | $12.8M | |
| Q3 FY23 | −$14.2M | n/a | −$39.2M |
Against its peers
Companies in Aerospace & Defense nearest Kratos Defense & Security Solutions' size, closest first, today.
| Company | Free cash flow yield |
|---|---|
| KTOSKratos Defense & Security Solutions | −1.8% |
| SAROStandardAero | 3.0% |
| LOARLoar | 1.8% |
| DRSLeonardo DRS | 3.9% |
| HIIHuntington Ingalls Industries | −0.8% |
| KRMNKarman | −0.6% |
| TXTTextron | 5.7% |
| AIRAAR | 4.2% |
| THOThor Industries | 4.7% |
| FTAIFTAI Aviation | −3.0% |
| CWCurtiss-Wright | 3.6% |
| Peer median | 3.3% |
What the free cash flow tells you
Cash from operations minus capital spending. The cash the company could hand back or reinvest.
Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.
More on Kratos Defense & Security Solutions
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.