Kratos Defense & Security Solutions, Inc.: stock overview

KTOSNASDAQIndustrials · Guided Missiles & Space Vehicles & Parts

Price

$33.91

November 13, 2026Market cap $6.4B

DCF calculator

What Ploutos Investor adds for Kratos Defense & Security Solutions

Part of Ploutos Investor, €9.99 a month

See the plans

The full history: 17 fiscal years, from FY2009
The estimated fair value, with its range and its certainty
The full analysis, 18 a month
More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

Notes on these figures

Profit over the last twelve months is well above what the business itself earned, because it includes large gains outside the business, such as on investments or from selling a business. The P/E is lower than the business alone would give.

In short

Kratos Defense & Security Solutions had revenue of $1.6B over the last 12 months and net income of $22M, a net margin of 1.3%. Revenue grew by 12.5% a year on average over the last 5 years. At $33.91 the shares trade at a P/E of 290.2. It holds more cash than debt, by $1.2B. It pays no dividend.

From its SEC filings (latest fiscal year to December 28, 2025) and the price of November 13, 2026.

Its SEC filings

Market cap: $6.4B; 188M shares
P/E: 290.2
Revenue, 12 months: $1.6B; +12.5% a year over 5 years
Net margin: 1.3%; FY2025: 1.6%, above 44% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–FY2025 fiscal years

+14.0% a year over 2 years

FY2025Dec 28, 202510-K
Revenue$1.3B
FY2024Dec 29, 202410-K
Revenue$1.1B
202310-K
Revenue$1.0B

Year	Revenue	Net income	EPS	Free cash flow	Dividend per share	Price
FY2025Dec 28, 202510-K	$1.3B	$22M	$0.13	-$137M	–	$77.70
FY2024Dec 29, 202410-K	$1.1B	$16M	$0.11	-$8.5M	–	$26.52
202310-K	$1.0B	-$8.9M	-$0.07	$13M	–	$20.29

Fiscal years in figures

KTOS's revenue, profit, cash flow and dividend with each year-end price, from FY2009 to FY2022, 14 more fiscal years

Part of Ploutos Investor, €9.99 a month

See the plans

Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $4.1B: $6.4B
Enterprise value: $5.2B
P/E: 290.2
EV / EBIT: 807.8
EV / Revenue: 3.1
P/B 3-year median: 3.0: 1.9
FCF yield 3-year median: -0.2%: –
Earnings yield 3-year median: 0.2%: 0.3%

Profitability

Gross margin: 23.0%
Operating margin: 0.4%
Net margin 3-year median: 1.4%: 1.3%
ROIC: 0.1%
ROIC, 5-year average: 1.2%
ROE: 0.8%

Growth

Revenue, yearly change: +18.5%
EPS, yearly change: +18.2%
FCF, yearly change: –
Revenue, average a year: +12.5%
EPS, average a year: -28.0%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash: $1.4B
Total debt: $246M
Of which operating leases: $56M
Net cash: $1.2B
Net debt / EBITDA: -22.7x
Interest cover: 0.7x
Current ratio: 5.42

Balance sheet of September 27, 2026.

Returns to shareholders

Dividend yield: 0.00%
Buybacks: –
Total returned: 0.00%
Shares, yearly change: +11.4%

Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 37).

Gross margin

22.9%

Above 58% of the 75 companies in its industry, and 26% of all.

Operating margin

1.9%

Above 36% of the 84 companies in its industry, and 40% of all.

Net margin

1.6%

Above 44% of the 92 companies in its industry, and 40% of all.

ROE

1.1%

Above 39% of the 87 companies in its industry, and 34% of all.

ROA

0.9%

Above 42% of the 94 companies in its industry, and 43% of all.

Revenue growth

18.5%

Above 83% of the 92 companies in its industry, and 79% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

Contracts with the US government

What the federal government committed in contracts to the company and its subsidiaries, by federal fiscal year (October to September).

$441M Fiscal year 2025

In federal fiscal year 2025 (October 2024 to September 2025) the US government committed $441M in contracts to the company and its subsidiaries. The year before it was $396M. That is about 33% of its revenue in the fiscal year to December 28, 2025 ($1.3B), though an amount committed is not revenue.

Fiscal year 2022Oct 2021 to Sep 2022

$314M

Fiscal year 2023Oct 2022 to Sep 2023

$371M

Fiscal year 2024Oct 2023 to Sep 2024

$396M

Fiscal year 2025Oct 2024 to Sep 2025

$441M

Fiscal year 2026Oct 2025 to Sep 2026

$269M

From USAspending.gov, the federal government's public spending records, as of November 1, 2026. An amount committed is not revenue of the same year: a contract running several years counts when it is signed, and the company is paid as it does the work. The company is matched through the parent company the government records it under, which adds up its subsidiaries. A subsidiary recorded under another parent can be missing.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC: KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
CIK: 1069258
Exchange: NASDAQ
Industry (SIC): 3760 · Guided Missiles & Space Vehicles & Parts
Fiscal year ends: December 27
Latest annual report: December 28, 2025
Reporting currency: USD
Shares: 188M

Other companies: Industrials

The largest companies of the same sector, each with its own page.

CATCaterpillar+0,00%

Compare with KTOS
GEGE Aerospace+0,00%

Compare with KTOS
GEVGE Vernova+0,00%

Compare with KTOS
RTXRTX+0,00%

Compare with KTOS
BABoeing+0,00%

Compare with KTOS
ETNEaton+0,00%

Compare with KTOS
DEDeere & Company+0,00%

Compare with KTOS
UNPUnion Pacific+0,00%

Compare with KTOS

The Industrials sector All companies

The full analysis

What do Kratos Defense & Security Solutions's filings show?

These are Kratos Defense & Security Solutions's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
Insider and institutional moves
The case for and the case against

Questions about KTOS

Didn't find what you were looking for?

Ask us

What is KTOS's market cap?

Kratos Defense & Security Solutions, Inc.'s market cap is $6.4B, at a price of $33.91 on November 13, 2026 and 188M shares.

What is KTOS's P/E?

KTOS's P/E is 290.2, on earnings per share of $0.12 over the last 12 months.

How much revenue does KTOS have?

Kratos Defense & Security Solutions had revenue of $1.6B over the last 12 months. Over the last 5 years it changed by +12.5% a year on average.

Does KTOS pay a dividend?

No. Kratos Defense & Security Solutions paid no regular dividend over the last 12 months.

Where do the figures come from?

From Kratos Defense & Security Solutions, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.