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Kratos Defense & Security Solutions KTOS

Aerospace & Defense, Industrials
$38.68
+1.07%
Market cap
$7.3B
PE
228×
10y median 177×
Forward PE
n/m
not a meaningful number
Price to sales
4.8×
EV/EBIT
259×
Revenue, 12 months
$1.5B
+26% on a year ago
Net margin
2.0%
Free cash flow yield
−1.8%

Kratos Defense & Security Solutions trades at 228× trailing earnings, near its ten-year median. Revenue was $1.5B over the last twelve months, up 26% on a year earlier with a 2% net margin.

Charts

Financials

Income statement for KTOS, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$274.6M+20%$273.8M+10%$277.2M+20%$300.1M+17%$275.9M+1%$283.1M+3%$302.6M+9%$351.5M+17%$347.6M+26%$345.1M+22%$371M+23%$458.8M+31%
Cost of revenue$201.2M+16%$201.9M+8%$206.2M+20%$222.9M+16%$206.7M+3%$213.3M+6%$229M+11%$277.7M+25%$270.5M+31%$261.7M+23%$281.4M+23%$358.7M+29%
Gross profit$73.4M+34%$71.9M+17%$71M+20%$77.2M+21%$69.2M−6%$69.8M−3%$73.6M+4%$73.8M−4%$77.1M+11%$83.4M+20%$89.6M+22%$100.1M+36%
R&D$10.3M+7%$8M−25%$9.6M−6%$10.2M+3%$9.9M−4%$10.6M+33%$10M+4%$10.2M+0%$10M+1%$9.8M−8%$10.7M+7%$13.6M+33%
SG&A$50.9M+5%$51.8M+12%$54.4M+14%$54.5M+15%$52.6M+3%$52.5M+1%$57M+5%$59.9M+10%$59.8M+14%$63.5M+21%$72.3M+27%$87.3M+46%
$12.2M$11.7M+185%$7M+1300%$12.5M+87%$6.5M−47%$3M−74%$6.6M−6%$3.7M−70%$7.1M+9%$8.2M+173%$4.7M−29%−$1.6M
Interest expense−$5.1M$37.2M+589%$2.8M−47%n/a$0$17.9M−52%$900K−68%n/an/an/an/an/a
Pre-tax income$6.8M$7.6M+744%$4M$12.7M+606%$5.8M−15%$4M−47%$5.4M+35%$4.6M−64%$11.9M+105%$12.1M+203%$9.8M+82%$7M+52%
$3.8M$2M−67%$2.7M+286%$4.8M+118%$2.6M−32%$100K−95%$900K−67%$1.7M−65%$3.2M+23%$6.2M+6100%−$2.1M$2.6M+53%
Net income−$1.6M−80%$2.4M$1.3M$7.9M$3.2M$3.9M+63%$4.5M+246%$2.9M−63%$8.7M+172%$5.9M+51%$11.9M+164%$4.4M+52%
−$0.01−83%$0.02$0.01$0.05$0.02$0.03+50%$0.03+200%$0.02−60%$0.05+150%$0.03+0%$0.07+133%$0.02+0%
129.6M+2%133.8M+5%141.5M+11%153.5M+19%154.1M+19%154.5M+16%156.2M+10%157.4M+3%172.9M+12%173.9M+13%179.4M+15%190.1M+21%

Net income: 6 periods, Q3 FY10 to Q1 FY12: not printed by the filing, worked out from its own lines.

EPS, diluted: 13 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 5 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 9 periods, Q4 FY11 to Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY18 and Q4 FY24: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Aerospace & Defense nearest Kratos Defense & Security Solutions' size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
KTOSKratos Defense & Security Solutions$7.3B228×177×n/m4.8×+26%2.0%
SAROStandardAero$7.2B22.5×33.3×n/m1.1×+13%5.1%
LOARLoar$5.8B85.5×104×n/m9.8×+30%11.6%
DRSLeonardo DRS$9.2B29.0×38.8×n/m2.4×+10%8.5%
HIIHuntington Ingalls Industries$10.8B16.3×15.9×n/m0.8×+14%5.0%
KRMNKarman$4.9B126×206×n/m8.2×+50%6.3%
TXTTextron$13.2B14.5×17.8×n/m0.9×+9%6.1%
AIRAAR$3.8B19.5×31.9×n/m1.1×+22%5.5%
THOThor Industries$3.6B20.7×19.0×n/m0.4×+0%1.8%
FTAIFTAI Aviation$15.9B33.6×41.7×n/m5.1×+45%15.9%
CWCurtiss-Wright$17.2B32.0×23.6×28.8×4.7×+11%14.8%
Peer median$8.2B25.7×32.6×28.8×1.8×+13%6.2%

Investors who own it

Investors we follow who held Kratos Defense & Security Solutions at the end of Jun 30, 2026, from their 13F filings.

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Industry
Aerospace & Defense
Sector
Industrials

Valuation data, not investment advice. Prices as of .