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Kratos Defense & Security Solutions (KTOS) Financials

Kratos Defense & Security Solutions logo
$38.12 +2.11 (+5.86%)
Closing price 04:00 PM Eastern
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$38.20 +0.08 (+0.21%)
As of 07:59 PM Eastern
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Annual Income Statements for Kratos Defense & Security Solutions

Annual Income Statements for Kratos Defense & Security Solutions

This table shows Kratos Defense & Security Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/29/2024 12/31/2023 12/25/2022 12/26/2021 12/27/2020 12/29/2019 12/30/2018 12/31/2017 12/25/2016 12/27/2015
Net Income / (Loss) Attributable to Common Shareholders		 16 -8.90 -37 -2.00 80 13 -3.50 -43 -61 20
Consolidated Net Income / (Loss)		 16 2.40 -33 -1.60 79 13 -3.50 -43 -61 20
Net Income / (Loss) Continuing Operations		 16 2.40 -33 0.50 80 11 4.10 -47 -58 -33
Total Pre-Tax Income 		27 11 -33 4.40 6.80 16 8.70 -57 -52 -45
Total Operating Income		 29 31 -2.90 28 29 38 31 -12 -18 -4.50
Total Gross Profit		 287 269 226 225 203 190 -448 -446 -421 162
Total Revenue		 1,136 1,037 898 812 748 718 0.00 0.00 0.00 657
Operating Revenue		 1,136 1,037 898 812 748 718 - - - 657
Total Cost of Revenue		 849 769 672 586 545 528 448 446 421 495
Operating Cost of Revenue		 849 769 672 586 545 528 448 446 421 495
Total Operating Expenses		 258 238 229 197 174 152 -479 -434 -403 166
Selling, General & Admin Expense		 214 198 183 160 145 131 120 127 115 151
Research & Development Expense		 40 38 39 35 27 18 16 18 14 16
Restructuring Charge		 3.90 1.30 7.50 1.80 1.70 3.20 0.00 0.00 - 0.10
Total Other Income / (Expense), net		 -2.50 -20 -30 -24 -23 -22 -22 -45 -34 -40
Interest Expense		 0.00 0.00 13 0.00 0.00 - - 17 -0.20 3.40
Interest & Investment Income		 -3.00 -21 -18 -23 -23 -22 -21 -29 -35 -36
Other Income / (Expense), net		 0.50 0.50 0.60 -0.10 0.30 -0.70 -1.00 0.80 0.70 -0.70
Income Tax Expense		 10 8.70 0.20 3.90 -74 4.80 4.60 -10 5.80 -11
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 11 3.70 0.40 -0.20 0.10 0.00 0.00 - -
Basic Earnings per Share		 $0.11 ($0.07) ($0.29) ($0.02) $0.69 $0.12 ($0.03) ($0.48) ($0.99) $0.34
Weighted Average Basic Shares Outstanding		 149M 130.40M 126.70M 124.60M 115.50M 106M 103.80M 89.50M 61.30M 58.70M
Diluted Earnings per Share		 $0.11 ($0.07) ($0.29) ($0.02) $0.67 $0.11 ($0.03) ($0.48) ($0.99) $0.34
Weighted Average Diluted Shares Outstanding		 150.90M 130.40M 126.70M 128M 118.70M 109.20M 106.10M 89.50M 61.30M 58.70M
Weighted Average Basic & Diluted Shares Outstanding		 152.84M 130.00M 126.66M 124.64M 123.46M 106.94M 104.05M 89M 61.10M 58.20M

Quarterly Income Statements for Kratos Defense & Security Solutions

This table shows Kratos Defense & Security Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/30/2025 12/29/2024 9/29/2024 6/30/2024 3/31/2024 12/31/2023 10/1/2023 6/25/2023 3/26/2023 12/25/2022 9/25/2022
Net Income / (Loss) Attributable to Common Shareholders		 4.50 3.90 3.20 7.90 1.30 2.40 -1.60 -2.70 -7.00 -8.30 -8.00
Consolidated Net Income / (Loss)		 4.50 3.90 3.20 7.90 1.30 5.60 3.00 -0.40 -5.80 -4.90 -8.00
Net Income / (Loss) Continuing Operations		 4.50 3.90 3.20 7.90 1.30 5.60 3.00 -0.40 -5.80 -4.20 -8.00
Total Pre-Tax Income 		5.40 4.00 5.80 13 4.00 7.60 6.80 1.80 -5.10 0.60 -8.80
Total Operating Income		 6.60 3.00 6.50 13 7.00 12 12 6.70 0.50 3.80 -3.60
Total Gross Profit		 74 70 69 77 71 72 73 64 59 61 55
Total Revenue		 303 283 276 300 277 274 275 257 232 249 229
Operating Revenue		 303 283 276 300 277 274 275 257 232 249 229
Total Cost of Revenue		 229 213 207 223 206 202 201 193 172 188 174
Operating Cost of Revenue		 229 213 207 223 206 202 201 193 172 188 174
Total Operating Expenses		 67 67 63 65 64 60 61 57 59 58 59
Selling, General & Admin Expense		 57 53 53 55 54 52 51 47 48 47 49
Research & Development Expense		 10 11 9.90 10 9.60 8.00 10 9.90 10 11 9.60
Total Other Income / (Expense), net		 -1.20 1.00 -0.70 0.20 -3.00 -4.10 -5.40 -4.90 -5.60 -3.20 -5.20
Interest & Investment Income		 -0.90 -0.30 0.00 0.10 -2.80 -5.00 -5.10 -5.10 -5.30 -4.80 -4.10
Other Income / (Expense), net		 -0.30 1.30 -0.70 0.10 -0.20 0.90 -0.30 0.20 -0.30 1.60 -1.10
Income Tax Expense		 0.90 0.10 2.60 4.80 2.70 2.00 3.80 2.20 0.70 4.80 -0.80
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 - 0.00 0.00 0.00 3.20 4.60 2.30 1.20 3.40 0.00
Basic Earnings per Share		 $0.03 $0.03 $0.02 $0.05 $0.01 $0.01 ($0.01) ($0.02) ($0.05) ($0.07) ($0.06)
Weighted Average Basic Shares Outstanding		 154.20M 149M 152.60M 151.80M 139.60M 130.40M 129.60M 129.10M 128.10M 126.70M 127.20M
Diluted Earnings per Share		 $0.03 $0.03 $0.02 $0.05 $0.01 $0.01 ($0.01) ($0.02) ($0.05) - -
Weighted Average Diluted Shares Outstanding		 156.20M 150.90M 154.10M 153.50M 141.50M 130.40M 129.60M 129.10M 128.10M 126.70M 127.20M
Weighted Average Basic & Diluted Shares Outstanding		 153.44M 152.84M 151.07M 151.00M 150.10M 130.00M 128.94M 128.06M 127.60M 126.66M 125.96M

Annual Cash Flow Statements for Kratos Defense & Security Solutions

This table details how cash moves in and out of Kratos Defense & Security Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/29/2024 12/31/2023 12/25/2022 12/26/2021 12/27/2020 12/29/2019 12/30/2018 12/31/2017 12/25/2016 12/27/2015
Net Change in Cash & Equivalents		 515 -19 -533 -57 207 -22 113 60 40 -5.00
Net Cash From Operating Activities		 50 65 -26 31 45 30 10 -27 -15 -30
Net Cash From Continuing Operating Activities		 50 65 -26 35 45 29 18 -27 -15 -30
Net Income / (Loss) Continuing Operations		 16 2.40 -33 0.50 80 11 4.10 -47 -58 -33
Consolidated Net Income / (Loss)		 16 2.40 -33 -1.60 79 13 -3.50 -43 -61 20
Depreciation Expense		 40 33 31 26 25 23 18 22 23 26
Amortization Expense		 12 12 11 10 10 13 1.00 2.00 2.40 3.00
Non-Cash Adjustments To Reconcile Net Income		 24 41 22 9.90 9.40 9.20 -27 20 -4.40 -11
Changes in Operating Assets and Liabilities, net		 -43 -23 -57 -11 -80 -27 22 -25 23 -14
Net Cash From Investing Activities		 -70 -44 -177 -52 -87 -44 41 -25 -14 -5.70
Net Cash From Continuing Investing Activities		 -70 -44 -177 -52 -87 -44 41 -25 -14 -5.70
Purchase of Property, Plant & Equipment		 -58 -52 -45 -47 -36 -26 -23 -26 -9.00 -11
Acquisitions		 -12 0.30 -132 -12 -52 -18 -2.90 0.00 -5.10 0.00
Sale of Property, Plant & Equipment		 0.00 8.30 0.20 2.20 0.10 0.30 66 0.70 0.00 0.90
Net Cash From Financing Activities		 278 -31 -63 -9.30 248 3.50 1.70 113 63 -215
Net Cash From Continuing Financing Activities		 278 -31 -63 -9.30 248 3.50 1.70 113 63 -215
Repayment of Debt		 -53 -101 -356 -5.10 -0.60 0.00 -0.90 -457 -15 -217
Issuance of Debt		 10 69 300 0.00 5.10 0.00 0.00 300 0.00 0.00
Issuance of Common Equity		 331 0.00 0.00 - 240 4.90 3.70 271 78 3.40
Other Financing Activities, net		 -11 1.30 -7.70 -4.20 2.80 -1.40 0.00 0.00 - -1.10
Other Net Changes in Cash		 258 -9.30 -266 -26 1.90 -11 60 -1.40 5.50 245
Cash Interest Paid		 15 20 14 20 20 20 21 28 32 44
Cash Income Taxes Paid		 5.00 6.50 4.40 2.00 2.50 0.60 1.50 -0.60 -0.10 8.80

Quarterly Cash Flow Statements for Kratos Defense & Security Solutions

This table details how cash moves in and out of Kratos Defense & Security Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/30/2025 12/29/2024 9/29/2024 6/30/2024 3/31/2024 12/31/2023 10/1/2023 6/25/2023 3/26/2023 12/25/2022 9/25/2022
Net Change in Cash & Equivalents		 -66 287 -7.60 -31 267 21 -5.50 1.20 -35 -91 -236
Net Cash From Operating Activities		 -29 46 6.10 -2.70 0.70 67 - 24 -26 6.90 -2.70
Net Cash From Continuing Operating Activities		 -29 46 6.10 -2.70 0.70 67 - 24 -26 6.60 -2.80
Net Income / (Loss) Continuing Operations		 4.50 3.90 3.20 7.90 1.30 5.60 3.00 -0.40 -5.80 -4.20 -8.00
Consolidated Net Income / (Loss)		 4.50 3.90 3.20 7.90 1.30 5.60 3.00 -0.40 -5.80 -4.90 -8.00
Depreciation Expense		 10 10 10 10 9.30 9.20 8.20 7.90 7.90 7.70 8.90
Amortization Expense		 3.20 3.00 3.00 3.10 3.20 3.20 3.20 2.90 2.90 2.80 2.70
Non-Cash Adjustments To Reconcile Net Income		 -33 47 -11 -8.00 -3.60 12 16 -11 24 2.20 2.40
Changes in Operating Assets and Liabilities, net		 -14 -18 0.90 -16 -9.50 37 -30 25 -55 -1.90 -8.80
Net Cash From Investing Activities		 -23 -14 -15 -24 -17 -19 -14 -2.90 -7.70 -11 -13
Net Cash From Continuing Investing Activities		 -23 -14 -15 -24 -17 -19 -14 -2.90 -7.70 -11 -13
Purchase of Property, Plant & Equipment		 -23 -14 -15 -13 -17 -19 -14 -11 -7.70 -11 -13
Net Cash From Financing Activities		 -15 -3.00 1.60 -3.60 283 -19 8.70 -19 -1.40 -42 0.80
Net Cash From Continuing Financing Activities		 -15 -3.00 1.60 -3.60 283 -19 8.70 -19 -1.40 -42 0.80
Repayment of Debt		 -2.50 -2.50 -2.50 -1.20 -46 -33 -14 -37 -16 -41 -1.20
Issuance of Debt		 0.00 - - - 10 15 20 19 15 - -
Issuance of Common Equity		 0.00 - - - 331 - - - 0.00 - -
Other Financing Activities, net		 -12 -0.50 4.10 -2.40 -12 -0.40 3.00 -1.20 -0.10 -0.50 2.00

Annual Balance Sheets for Kratos Defense & Security Solutions

This table presents Kratos Defense & Security Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/29/2024 12/31/2023 12/25/2022 12/26/2021 12/27/2020 12/29/2019 12/30/2018 12/31/2017 12/25/2016 12/27/2015
Total Assets		 1,951 1,633 1,552 1,590 1,563 1,186 1,010 1,024 949 903
Total Current Assets		 872 594 583 758 765 522 495 471 373 320
Cash & Equivalents		 329 73 81 349 381 173 183 131 69 29
Accounts Receivable		 324 329 329 285 272 264 237 212 229 207
Inventories, net		 162 156 126 92 81 61 47 49 55 56
Prepaid Expenses		 18 16 12 9.80 12 9.40 8.90 11 8.90 11
Other Current Assets		 39 20 35 23 18 11 10 9.50 5.20 14
Plant, Property, & Equipment, net		 288 244 0.00 0.00 0.00 0.00 67 58 50 56
Total Noncurrent Assets		 791 795 969 831 798 664 448 495 526 527
Goodwill		 569 569 558 494 484 456 426 426 485 483
Intangible Assets		 54 62 55 43 43 40 16 22 33 37
Other Noncurrent Operating Assets		 168 163 356 294 271 169 6.50 8.10 7.70 6.80
Total Liabilities & Shareholders' Equity		 1,951 1,633 1,552 1,590 1,563 1,186 1,010 1,024 949 903
Total Liabilities		 598 634 604 629 623 597 491 513 672 649
Total Current Liabilities		 297 293 234 221 198 183 165 189 197 172
Accounts Payable		 82 63 57 50 55 54 47 35 53 48
Accrued Expenses		 39 35 34 27 35 33 38 41 50 33
Current Deferred Revenue		 76 102 62 58 34 34 35 43 42 42
Current Employee Benefit Liabilities		 72 65 52 47 48 37 34 30 39 37
Other Current Liabilities		 28 28 26 36 21 20 4.70 9.40 6.70 5.10
Total Noncurrent Liabilities		 301 342 370 408 425 414 326 324 476 477
Long-Term Debt		 175 219 250 297 301 295 294 294 431 444
Other Noncurrent Operating Liabilities		 126 122 77 76 83 116 26 24 24 18
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 23 11 15 15 15 0.00 - - -
Total Equity & Noncontrolling Interests		 1,353 976 936 945 925 574 519 512 276 254
Total Preferred & Common Equity		 1,353 976 936 945 925 574 519 512 276 254
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,353 976 936 945 925 574 519 512 276 254
Common Stock		 2,018 1,655 1,608 1,579 1,556 1,287 1,245 1,234 956 873
Retained Earnings		 -664 -680 -671 -634 -632 -712 -725 -721 -678 -618
Accumulated Other Comprehensive Income / (Loss)		 -0.50 1.70 -0.80 0.60 1.40 -0.40 -0.70 -1.40 -1.70 -1.40

Quarterly Balance Sheets for Kratos Defense & Security Solutions

This table presents Kratos Defense & Security Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/30/2025 9/29/2024 6/30/2024 3/31/2024 10/1/2023 6/25/2023 3/26/2023 9/25/2022
Total Assets		 2,005 1,912 1,914 1,915 1,591 1,563 1,557 1,568
Total Current Assets		 864 838 851 872 604 588 588 601
Cash & Equivalents		 264 302 308 339 42 48 47 125
Accounts Receivable		 363 319 338 326 352 338 354 302
Inventories, net		 176 159 155 160 150 146 134 120
Prepaid Expenses		 17 37 29 27 18 13 14 14
Other Current Assets		 46 22 21 20 42 43 39 40
Plant, Property, & Equipment, net		 301 281 0.00 251 227 0.00 214 218
Total Noncurrent Assets		 839 794 1,063 792 759 975 755 749
Goodwill		 597 569 569 569 558 558 558 552
Intangible Assets		 62 56 58 60 51 52 54 62
Other Noncurrent Operating Assets		 180 169 436 163 150 365 144 135
Total Liabilities & Shareholders' Equity		 2,005 1,912 1,914 1,915 1,591 1,563 1,557 1,568
Total Liabilities		 617 570 585 586 618 603 614 625
Total Current Liabilities		 305 261 272 288 263 251 245 214
Accounts Payable		 83 61 59 62 57 58 55 54
Accrued Expenses		 42 40 35 36 40 41 36 30
Current Deferred Revenue		 82 62 81 98 79 73 65 49
Current Employee Benefit Liabilities		 70 61 63 61 55 54 56 55
Other Current Liabilities		 28 36 33 30 28 22 30 15
Total Noncurrent Liabilities		 312 309 313 298 355 352 369 411
Long-Term Debt		 172 177 180 179 234 232 250 293
Capital Lease Obligations		 97 32 34 35 43 41 40 35
Other Noncurrent Operating Liabilities		 43 100 99 83 77 77 77 82
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,388 1,343 1,329 1,306 953 946 931 935
Total Preferred & Common Equity		 1,388 1,343 1,329 1,306 953 946 931 935
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,388 1,343 1,329 1,306 953 946 931 935
Common Stock		 2,047 2,010 1,999 1,983 1,634 1,624 1,610 1,602
Retained Earnings		 -659 -668 -671 -679 -683 -681 -678 -663
Accumulated Other Comprehensive Income / (Loss)		 0.10 0.30 1.50 2.10 2.50 2.90 -0.50 -3.70

Annual Metrics And Ratios for Kratos Defense & Security Solutions

This table displays calculated financial ratios and metrics derived from Kratos Defense & Security Solutions' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/29/2024 12/31/2023 12/25/2022 12/26/2021 12/27/2020 12/29/2019 12/30/2018 12/31/2017 12/25/2016 12/27/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 9.57% 15.45% 10.70% 8.53% 4.21% 0.00% 0.00% 0.00% -100.00% -13.88%
EBITDA Growth		 6.62% 95.43% -37.95% -1.70% -11.99% 51.65% 272.31% 71.05% -67.38% -43.45%
EBIT Growth		 -6.65% 1,473.91% -108.27% -6.08% -20.64% 26.44% 363.39% 35.26% -232.69% -180.00%
NOPAT Growth		 165.27% 431.25% -164.03% -99.08% 1,211.49% 83.55% 271.11% 33.33% -300.00% -184.91%
Net Income Growth		 579.17% 107.23% -1,975.00% -102.02% 530.16% 460.00% 91.80% 29.42% -405.56% 125.38%
EPS Growth		 257.14% 75.86% -1,350.00% -102.99% 509.09% 466.67% 93.75% 51.52% -391.18% 125.19%
Operating Cash Flow Growth		 -23.77% 353.70% -183.44% -31.10% 49.00% 188.46% 138.66% -84.25% 50.84% -1,288.00%
Free Cash Flow Firm Growth		 -256.93% 110.43% -494.96% -123.38% 389.55% -619.04% -129.29% 30.46% 273.57% -105.17%
Invested Capital Growth		 4.67% -1.38% 22.84% 4.40% 26.44% 12.67% 3.57% -5.26% -4.75% 1.22%
Revenue Q/Q Growth		 0.83% 2.42% 4.38% -16.79% -31.40% 0.00% 100.00% 100.00% -100.00% 1.53%
EBITDA Q/Q Growth		 -8.27% 12.90% -4.60% 0.95% -3.58% 6.69% 100.83% -60.96% 65.22% -17.08%
EBIT Q/Q Growth		 -21.96% 27.94% -291.67% 0.72% -3.27% -1.84% 637.50% -221.74% 18.40% -79.31%
NOPAT Q/Q Growth		 -19.99% 115.17% -216.00% -99.40% 1,664.00% -12.34% 336.89% -246.34% 17.05% -36.36%
Net Income Q/Q Growth		 -9.44% 129.63% -7.79% -102.03% 1,885.00% -14.29% 88.49% -72.18% -0.33% -8.76%
EPS Q/Q Growth		 22.22% 0.00% 0.00% -103.03% 2,133.33% -15.38% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -30.49% 1,287.23% 27.20% -45.96% 121.29% 15.38% 92.59% -17.98% 2.67% -395.00%
Free Cash Flow Firm Q/Q Growth		 -98.06% 123.52% 16.80% -108.54% 317.38% -22.43% -114.94% 197.87% -26.52% -105.68%
Invested Capital Q/Q Growth		 -4.26% -5.49% 0.16% 5.54% 13.73% 1.66% 0.87% -9.38% 0.40% -1.03%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 25.28% 25.90% 25.16% 27.74% 27.18% 26.48% 0.00% 0.00% 0.00% 24.62%
EBITDA Margin		 7.23% 7.42% 4.39% 7.83% 8.64% 10.23% 0.00% 0.00% 0.00% 3.55%
Operating Margin		 2.55% 3.00% -0.32% 3.44% 3.92% 5.30% 0.00% 0.00% 0.00% -0.68%
EBIT Margin		 2.60% 3.05% -0.26% 3.43% 3.96% 5.20% 0.00% 0.00% 0.00% -0.79%
Profit (Net Income) Margin		 1.43% 0.23% -3.70% -0.20% 10.62% 1.76% 0.00% 0.00% 0.00% 3.01%
Tax Burden Percent		 61.51% 21.62% 100.61% -36.36% 1,167.65% 80.25% -40.23% 74.78% 116.80% -44.39%
Interest Burden Percent		 89.83% 35.13% 1,434.78% 15.83% 22.97% 42.09% 29.49% 509.82% 299.42% 857.69%
Effective Tax Rate		 38.49% 78.38% 0.00% 88.64% -1,080.88% 30.57% 52.87% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.52% 0.58% -0.19% 0.34% 42.68% 3.90% 0.00% 0.00% 0.00% -0.47%
ROIC Less NNEP Spread (ROIC-NNEP)		 39.03% -1.82% -31.63% 19.42% -536.25% -7.43% 0.00% 0.00% 0.00% 4.79%
Return on Net Nonoperating Assets (RNNOA)		 -0.14% -0.34% -3.29% -0.51% -32.30% -1.63% 0.00% 0.00% 0.00% 8.74%
Return on Equity (ROE)		 1.39% 0.25% -3.48% -0.17% 10.38% 2.27% -0.68% -10.84% -22.80% 8.28%
Cash Return on Invested Capital (CROIC)		 -3.04% 1.97% -20.70% -3.96% 19.33% -8.01% -1.21% 4.08% 2.97% -1.68%
Operating Return on Assets (OROA)		 1.65% 1.98% -0.15% 1.76% 2.15% 3.40% 0.00% 0.00% 0.00% -0.51%
Return on Assets (ROA)		 0.91% 0.15% -2.11% -0.10% 5.78% 1.15% 0.00% 0.00% 0.00% 1.95%
Return on Common Equity (ROCE)		 1.37% 0.24% -3.43% -0.17% 10.18% 2.24% -0.68% -10.84% -22.80% 8.28%
Return on Equity Simple (ROE_SIMPLE)		 1.20% 0.25% -3.55% -0.17% 8.58% 2.19% -0.67% -8.35% -21.89% 7.79%
Net Operating Profit after Tax (NOPAT)		 18 6.72 -2.03 3.17 346 26 14 -8.40 -13 -3.15
NOPAT Margin		 1.57% 0.65% -0.23% 0.39% 46.28% 3.68% 0.00% 0.00% 0.00% -0.48%
Net Nonoperating Expense Percent (NNEP)		 -37.51% 2.40% 31.44% -19.08% 578.93% 11.34% 16.38% 14.49% 12.02% -5.26%
Return On Investment Capital (ROIC_SIMPLE)		 1.17% 0.56% -0.17% - - - - - - -
Cost of Revenue to Revenue		 74.73% 74.10% 74.84% 72.26% 72.82% 73.52% 0.00% 0.00% 0.00% 75.38%
SG&A Expenses to Revenue		 18.83% 19.07% 20.35% 19.74% 19.33% 18.23% 0.00% 0.00% 0.00% 22.93%
R&D to Revenue		 3.55% 3.70% 4.30% 4.34% 3.61% 2.51% 0.00% 0.00% 0.00% 2.47%
Operating Expenses to Revenue		 22.72% 22.90% 25.48% 24.30% 23.26% 21.18% 0.00% 0.00% 0.00% 25.31%
Earnings before Interest and Taxes (EBIT)		 30 32 -2.30 28 30 37 30 -11 -17 -5.20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 82 77 39 64 65 73 48 13 7.60 23
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.96 2.68 1.27 2.60 3.50 3.29 2.75 2.14 1.64 0.97
Price to Tangible Book Value (P/TBV)		 5.48 7.59 3.68 6.03 8.13 23.90 18.41 17.15 0.00 0.00
Price to Revenue (P/Rev)		 3.53 2.52 1.32 3.03 4.33 2.63 0.00 0.00 0.00 0.37
Price to Earnings (P/E)		 245.80 0.00 0.00 0.00 40.71 151.07 0.00 0.00 0.00 12.41
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.41% 0.00% 0.00% 0.00% 2.46% 0.66% 0.00% 0.00% 0.00% 8.06%
Enterprise Value to Invested Capital (EV/IC)		 3.21 2.43 1.21 2.60 3.55 2.83 2.42 2.05 1.26 0.97
Enterprise Value to Revenue (EV/Rev)		 3.39 2.69 1.57 3.03 4.30 2.82 0.00 0.00 0.00 1.01
Enterprise Value to EBITDA (EV/EBITDA)		 46.92 36.17 35.79 38.66 49.75 27.60 31.77 96.66 107.48 28.40
Enterprise Value to EBIT (EV/EBIT)		 130.57 88.14 0.00 88.31 108.57 54.31 52.13 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 215.93 414.19 0.00 774.37 9.29 76.79 106.99 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 77.50 42.72 0.00 79.71 71.89 67.53 147.87 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 122.56 0.00 0.00 20.51 0.00 0.00 48.89 41.47 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.13 0.22 0.31 0.34 0.36 0.50 0.57 0.57 1.56 1.75
Long-Term Debt to Equity		 0.13 0.22 0.31 0.34 0.36 0.50 0.57 0.57 1.56 1.75
Financial Leverage		 0.00 0.19 0.10 -0.03 0.06 0.22 0.21 0.60 1.50 1.83
Leverage Ratio		 1.52 1.64 1.65 1.66 1.80 1.98 1.97 2.50 3.49 4.25
Compound Leverage Factor		 1.37 0.57 23.62 0.26 0.41 0.83 0.58 12.76 10.45 36.47
Debt to Total Capital		 11.43% 18.01% 23.50% 25.54% 26.54% 33.37% 36.16% 36.46% 60.98% 63.65%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.14%
Long-Term Debt to Total Capital		 11.43% 18.01% 23.50% 25.54% 26.54% 33.37% 36.16% 36.46% 60.84% 63.51%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 1.85% 0.90% 1.18% 1.16% 1.70% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 88.57% 80.14% 75.60% 73.28% 72.31% 64.93% 63.84% 63.54% 39.02% 36.35%
Debt to EBITDA		 2.13 2.85 7.39 5.19 5.26 4.02 6.08 22.58 56.84 19.10
Net Debt to EBITDA		 -1.88 1.90 5.32 -0.32 -0.65 1.67 2.30 12.51 47.68 17.85
Long-Term Debt to EBITDA		 2.13 2.85 7.39 5.19 5.26 4.02 6.08 22.58 56.71 19.06
Debt to NOPAT		 9.79 32.61 -143.35 103.90 0.98 11.19 20.47 -34.94 -34.29 -141.30
Net Debt to NOPAT		 -8.67 21.79 -103.30 -6.31 -0.12 4.64 7.74 -19.36 -28.76 -132.03
Long-Term Debt to NOPAT		 9.79 32.61 -143.35 103.90 0.98 11.19 20.47 -34.94 -34.21 -140.98
Altman Z-Score		 4.53 2.81 1.42 2.76 3.53 2.11 1.23 0.59 -0.43 0.18
Noncontrolling Interest Sharing Ratio		 0.96% 1.73% 1.38% 1.58% 1.95% 1.35% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.94 2.03 2.49 3.43 3.87 2.86 3.00 2.50 1.90 1.86
Quick Ratio		 2.20 1.37 1.75 2.87 3.31 2.39 2.55 1.81 1.52 1.36
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -36 23 -218 -37 157 -54 -7.53 26 20 -11
Operating Cash Flow to CapEx		 85.40% 147.85% -56.86% 69.53% 124.86% 115.38% 0.00% -105.91% -162.22% -285.58%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -16.76 0.00 0.00 0.00 0.00 1.49 0.00 -3.34
Operating Cash Flow to Interest Expense		 0.00 0.00 -1.98 0.00 0.00 0.00 0.00 -1.55 0.00 -8.74
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -5.45 0.00 0.00 0.00 0.00 -3.02 0.00 -11.79
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.63 0.65 0.57 0.51 0.54 0.65 0.00 0.00 0.00 0.65
Accounts Receivable Turnover		 3.48 3.15 2.93 2.91 2.79 2.86 0.00 0.00 0.00 3.10
Inventory Turnover		 5.34 5.46 6.19 6.78 7.65 9.78 9.36 8.54 7.59 9.62
Fixed Asset Turnover		 4.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.16
Accounts Payable Turnover		 11.70 12.77 12.48 11.09 9.97 10.51 11.03 10.20 8.34 10.66
Days Sales Outstanding (DSO)		 104.88 115.74 124.58 125.26 131.00 127.64 0.00 0.00 0.00 117.84
Days Inventory Outstanding (DIO)		 68.41 66.90 58.96 53.81 47.69 37.33 39.00 42.75 48.07 37.95
Days Payable Outstanding (DPO)		 31.19 28.59 29.24 32.93 36.60 34.74 33.10 35.79 43.74 34.23
Cash Conversion Cycle (CCC)		 142.10 154.04 154.30 146.15 142.09 130.23 0.00 0.00 0.00 121.56
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,199 1,145 1,161 945 905 716 636 614 648 680
Invested Capital Turnover		 0.97 0.90 0.85 0.88 0.92 1.06 0.00 0.00 0.00 0.97
Increase / (Decrease) in Invested Capital		 54 -16 216 40 189 81 22 -34 -32 8.20
Enterprise Value (EV)		 3,852 2,785 1,410 2,455 3,214 2,026 1,538 1,257 817 662
Market Capitalization		 4,006 2,616 1,189 2,460 3,241 1,888 1,427 1,094 454 246
Book Value per Share		 $8.96 $7.57 $7.43 $7.62 $7.54 $5.40 $5.01 $4.95 $4.57 $4.30
Tangible Book Value per Share		 $4.84 $2.67 $2.56 $3.29 $3.25 $0.74 $0.75 $0.62 ($3.99) ($4.50)
Total Capital		 1,528 1,218 1,239 1,290 1,280 884 814 805 708 699
Total Debt		 175 219 291 329 340 295 294 294 432 445
Total Long-Term Debt		 175 219 291 329 340 295 294 294 431 444
Net Debt		 -155 147 210 -20 -42 123 111 163 362 416
Capital Expenditures (CapEx)		 58 44 45 44 36 26 -43 25 9.00 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 246 229 267 188 186 167 147 152 108 120
Debt-free Net Working Capital (DFNWC)		 575 302 348 537 567 340 330 283 178 149
Net Working Capital (NWC)		 575 302 348 537 567 340 330 283 177 148
Net Nonoperating Expense (NNE)		 1.54 4.32 31 4.77 267 14 18 34 48 -23
Net Nonoperating Obligations (NNO)		 -155 147 214 -15 -35 127 116 102 371 426
Total Depreciation and Amortization (D&A)		 53 45 42 36 35 36 19 24 25 29
Debt-free, Cash-free Net Working Capital to Revenue		 21.66% 22.07% 29.73% 23.12% 24.84% 23.26% 0.00% 0.00% 0.00% 18.23%
Debt-free Net Working Capital to Revenue		 50.64% 29.09% 38.78% 66.17% 75.86% 47.32% 0.00% 0.00% 0.00% 22.68%
Net Working Capital to Revenue		 50.64% 29.09% 38.78% 66.17% 75.86% 47.32% 0.00% 0.00% 0.00% 22.52%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.11 ($0.07) ($0.29) ($0.02) $0.69 $0.12 ($0.03) ($0.48) ($0.99) $0.34
Adjusted Weighted Average Basic Shares Outstanding		 149M 130.40M 126.70M 124.60M 115.50M 106M 103.80M 89.50M 61.30M 58.70M
Adjusted Diluted Earnings per Share		 $0.11 ($0.07) ($0.29) ($0.02) $0.67 $0.11 ($0.03) ($0.48) ($0.99) $0.34
Adjusted Weighted Average Diluted Shares Outstanding		 150.90M 130.40M 126.70M 128M 118.70M 109.20M 106.10M 89.50M 61.30M 58.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 152.84M 130.00M 126.66M 124.64M 123.46M 106.94M 104.05M 103.51M 74.53M 59.58M
Normalized Net Operating Profit after Tax (NOPAT)		 20 23 3.22 21 22 29 24 8.75 -5.60 -3.57
Normalized NOPAT Margin		 1.78% 2.19% 0.36% 2.56% 2.97% 3.99% 0.00% 0.00% 0.00% -0.54%
Pre Tax Income Margin		 2.33% 1.07% -3.67% 0.54% 0.91% 2.19% 0.00% 0.00% 0.00% -6.79%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 -0.18 0.00 0.00 0.00 0.00 -0.65 0.00 -1.53
NOPAT to Interest Expense		 0.00 0.00 -0.16 0.00 0.00 0.00 0.00 -0.49 0.00 -0.93
EBIT Less CapEx to Interest Expense		 0.00 0.00 -3.65 0.00 0.00 0.00 0.00 -2.12 0.00 -4.59
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -3.63 0.00 0.00 0.00 0.00 -1.95 0.00 -3.99
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -31.43% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Kratos Defense & Security Solutions

This table displays calculated financial ratios and metrics derived from Kratos Defense & Security Solutions' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/30/2025 12/29/2024 9/29/2024 6/30/2024 3/31/2024 12/31/2023 10/1/2023 6/25/2023 3/26/2023 12/25/2022 9/25/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.16% 3.40% 0.47% 16.82% 19.59% 9.83% 20.12% 14.59% 18.14% 17.82% 13.96%
EBITDA Growth		 3.11% -29.60% -18.03% 47.46% 75.45% 57.23% 237.68% 126.92% 25.00% -10.67% -63.68%
EBIT Growth		 -7.35% -65.87% -51.26% 82.61% 3,300.00% 133.33% 353.19% 463.16% 118.18% -39.33% -144.76%
NOPAT Growth		 141.76% -66.07% -33.37% 622.24% 550.00% 132.41% 313.59% -11.95% 141.67% -478.26% -0.36%
Net Income Growth		 246.15% -30.36% 6.67% 2,075.00% 122.41% 214.29% 137.50% 90.91% 63.52% -96.00% -321.05%
EPS Growth		 200.00% 200.00% 300.00% 350.00% 120.00% 0.00% 0.00% 50.00% 58.33% 0.00% 0.00%
Operating Cash Flow Growth		 -4,271.43% -32.34% 0.00% -111.49% 102.72% 876.81% 0.00% 206.33% -229.49% 355.56% -121.95%
Free Cash Flow Firm Growth		 -1,351.50% -305.41% 21.75% 18.40% 91.92% 110.15% 82.38% 81.11% 5.77% -446.17% -160.97%
Invested Capital Growth		 15.53% 4.67% 3.33% 3.96% 1.24% -1.38% 4.51% 4.09% 14.99% 22.84% 29.45%
Revenue Q/Q Growth		 6.89% 2.61% -8.06% 8.26% 1.24% -0.29% 6.89% 10.83% -7.02% 9.06% 1.96%
EBITDA Q/Q Growth		 13.07% -7.85% -26.82% 35.23% -22.80% 7.30% 31.64% 60.91% -32.10% 130.43% -11.54%
EBIT Q/Q Growth		 46.51% -25.86% -53.97% 85.29% -46.03% 5.88% 72.46% 3,350.00% -96.49% 214.89% -147.37%
NOPAT Q/Q Growth		 88.03% -18.44% -53.88% 241.78% -72.63% 60.17% 461.50% -525.40% 101.51% -955.56% -89.47%
Net Income Q/Q Growth		 15.38% 21.88% -59.49% 507.69% -76.79% 86.67% 850.00% 93.10% -18.37% 38.75% -81.82%
EPS Q/Q Growth		 0.00% 50.00% -60.00% 400.00% 0.00% 200.00% 50.00% 60.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -164.04% 647.54% 325.93% -485.71% -98.96% 0.00% 0.00% 191.44% -472.46% 355.56% 87.78%
Free Cash Flow Firm Q/Q Growth		 -259.47% -37.75% 6.64% -213.97% 17.53% 152.48% 2.64% 68.90% 35.20% 8.91% -4.35%
Invested Capital Q/Q Growth		 16.24% -4.26% 1.29% 2.49% 1.80% -5.49% 1.92% -0.19% 2.58% 0.16% 1.51%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 24.32% 24.66% 25.08% 25.72% 25.61% 26.26% 26.73% 24.87% 25.63% 24.63% 24.02%
EBITDA Margin		 6.58% 6.22% 6.92% 8.70% 6.96% 9.13% 8.49% 6.89% 4.75% 6.38% 3.02%
Operating Margin		 2.18% 1.06% 2.36% 4.17% 2.53% 4.27% 4.44% 2.61% 0.22% 1.52% -1.57%
EBIT Margin		 2.08% 1.52% 2.10% 4.20% 2.45% 4.60% 4.33% 2.69% 0.09% 2.17% -2.06%
Profit (Net Income) Margin		 1.49% 1.38% 1.16% 2.63% 0.47% 2.05% 1.09% -0.16% -2.50% -1.97% -3.50%
Tax Burden Percent		 83.33% 97.50% 55.17% 62.20% 32.50% 73.68% 44.12% -22.22% 113.73% -816.67% 90.91%
Interest Burden Percent		 85.71% 93.02% 100.00% 100.79% 58.82% 60.32% 57.14% 26.09% -2,550.00% 11.11% 187.23%
Effective Tax Rate		 16.67% 2.50% 44.83% 37.80% 67.50% 26.32% 55.88% 122.22% 0.00% 800.00% 0.00%
Return on Invested Capital (ROIC)		 1.62% 1.00% 1.19% 2.41% 0.74% 2.83% 1.67% -0.48% 0.13% -9.10% -0.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.33% -22.78% 0.67% 2.59% -0.82% 1.15% 0.63% 0.03% -3.54% 12.78% -8.01%
Return on Net Nonoperating Assets (RNNOA)		 -0.14% 0.08% 0.04% 0.15% -0.05% 0.21% 0.15% 0.01% -0.63% 1.33% -0.65%
Return on Equity (ROE)		 1.48% 1.08% 1.23% 2.56% 0.70% 3.05% 1.82% -0.47% -0.50% -7.77% -1.58%
Cash Return on Invested Capital (CROIC)		 -12.88% -3.04% -1.46% -1.86% 0.21% 1.97% -8.15% -3.54% -14.01% -20.70% -25.50%
Operating Return on Assets (OROA)		 1.23% 0.96% 1.35% 2.72% 1.53% 3.00% 2.78% 1.65% 0.05% 1.24% -1.12%
Return on Assets (ROA)		 0.88% 0.87% 0.75% 1.70% 0.29% 1.33% 0.70% -0.10% -1.50% -1.12% -1.91%
Return on Common Equity (ROCE)		 1.47% 1.07% 1.22% 2.54% 0.69% 2.99% 1.80% -0.47% -0.49% -7.67% -1.56%
Return on Equity Simple (ROE_SIMPLE)		 1.41% 0.00% 1.34% 1.34% 0.73% 0.00% -0.85% -2.02% -2.48% 0.00% -3.29%
Net Operating Profit after Tax (NOPAT)		 5.50 2.93 3.59 7.78 2.28 8.62 5.38 -1.49 0.35 -27 -2.52
NOPAT Margin		 1.82% 1.03% 1.30% 2.59% 0.82% 3.15% 1.96% -0.58% 0.15% -10.67% -1.10%
Net Nonoperating Expense Percent (NNEP)		 -1.71% 23.78% 0.52% -0.18% 1.57% 1.68% 1.05% -0.51% 3.67% -21.89% 7.09%
Return On Investment Capital (ROIC_SIMPLE)		 0.33% 0.19% - - - 0.72% - - - -2.17% -
Cost of Revenue to Revenue		 75.68% 75.34% 74.92% 74.28% 74.39% 73.74% 73.27% 75.13% 74.37% 75.37% 75.98%
SG&A Expenses to Revenue		 18.84% 18.54% 19.06% 18.16% 19.62% 18.92% 18.54% 18.41% 20.62% 18.65% 21.22%
R&D to Revenue		 3.30% 3.74% 3.59% 3.40% 3.46% 2.92% 3.75% 3.85% 4.40% 4.25% 4.20%
Operating Expenses to Revenue		 22.14% 23.60% 22.73% 21.56% 23.09% 21.99% 22.29% 22.27% 25.41% 23.10% 25.59%
Earnings before Interest and Taxes (EBIT)		 6.30 4.30 5.80 13 6.80 13 12 6.90 0.20 5.40 -4.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 20 18 19 26 19 25 23 18 11 16 6.90
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.38 2.96 2.62 2.26 0.00 2.68 2.02 1.87 1.81 1.27 1.51
Price to Tangible Book Value (P/TBV)		 6.44 5.48 4.90 4.28 0.00 7.59 5.58 5.28 5.27 3.68 4.40
Price to Revenue (P/Rev)		 4.04 3.53 3.12 2.67 0.00 2.52 1.90 1.83 1.80 1.32 1.65
Price to Earnings (P/E)		 240.47 245.80 237.62 300.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.42% 0.41% 0.42% 0.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.37 3.21 2.74 2.35 0.00 2.43 1.80 1.69 1.63 1.21 1.41
Enterprise Value to Revenue (EV/Rev)		 4.04 3.39 3.04 2.58 0.00 2.69 2.15 2.08 2.08 1.57 1.90
Enterprise Value to EBITDA (EV/EBITDA)		 56.77 46.92 38.26 31.04 0.00 36.17 31.93 38.79 46.28 35.79 39.66
Enterprise Value to EBIT (EV/EBIT)		 161.89 130.57 90.59 66.26 0.00 88.14 88.17 248.08 0.00 0.00 1,365.05
Enterprise Value to NOPAT (EV/NOPAT)		 234.86 215.93 153.60 118.44 0.00 414.19 0.00 372.81 0.00 0.00 936.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 237.11 77.50 47.89 44.48 0.00 42.72 463.35 1,004.73 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 122.56 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.19 0.13 0.16 0.16 0.16 0.22 0.29 0.28 0.31 0.31 0.36
Long-Term Debt to Equity		 0.19 0.13 0.16 0.16 0.16 0.22 0.29 0.28 0.31 0.31 0.35
Financial Leverage		 -0.04 0.00 0.06 0.06 0.05 0.19 0.24 0.22 0.18 0.10 0.08
Leverage Ratio		 1.44 1.52 1.51 1.52 1.53 1.64 1.65 1.65 1.65 1.65 1.66
Compound Leverage Factor		 1.24 1.42 1.51 1.53 0.90 0.99 0.94 0.43 -42.11 0.18 3.10
Debt to Total Capital		 16.25% 11.43% 13.48% 13.84% 13.91% 18.01% 22.18% 22.14% 23.53% 23.50% 26.42%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.83%
Long-Term Debt to Total Capital		 16.25% 11.43% 13.48% 13.84% 13.91% 18.01% 22.18% 22.14% 23.53% 23.50% 25.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.46% 1.85% 1.54% 1.19% 1.00% 0.90% 0.61%
Common Equity to Total Capital		 83.75% 88.57% 86.52% 86.16% 84.63% 80.14% 76.28% 76.67% 75.47% 75.60% 72.98%
Debt to EBITDA		 3.26 2.13 2.34 2.28 2.52 2.85 4.06 5.27 6.93 7.39 8.20
Net Debt to EBITDA		 0.07 -1.88 -1.03 -1.01 -1.46 1.90 3.45 4.34 5.81 5.32 5.17
Long-Term Debt to EBITDA		 3.26 2.13 2.34 2.28 2.52 2.85 4.06 5.27 6.93 7.39 7.94
Debt to NOPAT		 13.47 9.79 9.38 8.70 12.40 32.61 -6.25 50.67 -460.79 -143.35 193.49
Net Debt to NOPAT		 0.28 -8.67 -4.14 -3.85 -7.17 21.79 -5.30 41.73 -386.67 -103.30 121.94
Long-Term Debt to NOPAT		 13.47 9.79 9.38 8.70 12.40 32.61 -6.25 50.67 -460.79 -143.35 187.37
Altman Z-Score		 5.02 4.49 4.18 3.56 0.00 2.78 2.19 2.04 1.90 1.44 1.60
Noncontrolling Interest Sharing Ratio		 0.83% 0.96% 0.83% 0.64% 1.54% 1.73% 1.41% 1.18% 1.46% 1.38% 1.21%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.84 2.94 3.22 3.13 3.02 2.03 2.30 2.34 2.40 2.49 2.82
Quick Ratio		 2.05 2.20 2.38 2.37 2.31 1.37 1.50 1.54 1.63 1.75 2.00
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -182 -51 -37 -39 -13 25 -47 -48 -155 -243 -266
Operating Cash Flow to CapEx		 -129.20% 335.29% 39.87% -21.26% 4.22% 349.22% 0.00% 209.82% -333.77% 65.71% -20.93%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.59 0.63 0.64 0.65 0.62 0.65 0.64 0.61 0.60 0.57 0.55
Accounts Receivable Turnover		 3.38 3.48 3.36 3.33 3.19 3.15 3.10 2.96 2.94 2.93 2.98
Inventory Turnover		 5.19 5.34 5.42 5.54 5.46 5.46 5.58 5.51 5.81 6.19 6.01
Fixed Asset Turnover		 4.20 4.27 4.44 0.00 4.66 0.00 4.55 0.00 4.83 0.00 0.00
Accounts Payable Turnover		 12.06 11.70 14.15 14.20 13.74 12.77 13.61 12.47 13.14 12.48 13.07
Days Sales Outstanding (DSO)		 108.13 104.88 108.66 109.61 114.57 115.74 117.89 123.23 123.99 124.58 122.34
Days Inventory Outstanding (DIO)		 70.29 68.41 67.32 65.94 66.83 66.90 65.40 66.30 62.82 58.96 60.75
Days Payable Outstanding (DPO)		 30.27 31.19 25.79 25.70 26.57 28.59 26.82 29.27 27.78 29.24 27.93
Cash Conversion Cycle (CCC)		 148.15 142.10 150.18 149.85 154.84 154.04 156.47 160.26 159.04 154.30 155.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,393 1,199 1,252 1,236 1,206 1,145 1,212 1,189 1,191 1,161 1,159
Invested Capital Turnover		 0.89 0.97 0.92 0.93 0.90 0.90 0.85 0.83 0.84 0.85 0.84
Increase / (Decrease) in Invested Capital		 187 54 40 47 15 -16 52 47 155 216 264
Enterprise Value (EV)		 4,695 3,852 3,424 2,909 0.00 2,785 2,178 2,009 1,939 1,410 1,638
Market Capitalization		 4,689 4,006 3,517 3,003 0.00 2,616 1,923 1,770 1,683 1,189 1,417
Book Value per Share		 $9.08 $8.96 $8.89 $8.86 $9.36 $7.57 $7.45 $7.41 $7.35 $7.43 $7.43
Tangible Book Value per Share		 $4.77 $4.84 $4.76 $4.68 $4.85 $2.67 $2.69 $2.63 $2.52 $2.56 $2.55
Total Capital		 1,657 1,528 1,552 1,543 1,543 1,218 1,250 1,233 1,234 1,239 1,282
Total Debt		 269 175 209 214 215 219 277 273 290 291 339
Total Long-Term Debt		 269 175 209 214 215 219 277 273 290 291 328
Net Debt		 5.50 -155 -92 -95 -124 147 235 225 244 210 213
Capital Expenditures (CapEx)		 23 14 15 13 17 19 14 11 7.70 11 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 296 246 276 271 245 229 299 289 296 267 273
Debt-free Net Working Capital (DFNWC)		 560 575 578 579 584 302 341 337 343 348 399
Net Working Capital (NWC)		 560 575 578 579 584 302 341 337 343 348 388
Net Nonoperating Expense (NNE)		 1.00 -0.98 0.39 -0.12 0.98 3.02 2.38 -1.09 6.15 -22 5.48
Net Nonoperating Obligations (NNO)		 5.50 -155 -91 -94 -123 147 239 228 247 214 216
Total Depreciation and Amortization (D&A)		 14 13 13 14 13 12 11 11 11 11 12
Debt-free, Cash-free Net Working Capital to Revenue		 25.46% 21.66% 24.53% 24.05% 22.60% 22.07% 29.55% 29.87% 31.74% 29.73% 31.76%
Debt-free Net Working Capital to Revenue		 48.16% 50.64% 51.28% 51.43% 53.90% 29.09% 33.72% 34.85% 36.74% 38.78% 46.30%
Net Working Capital to Revenue		 48.16% 50.64% 51.28% 51.43% 53.90% 29.09% 33.72% 34.85% 36.74% 38.78% 45.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.03 $0.03 $0.02 $0.05 $0.01 $0.01 ($0.01) ($0.02) ($0.05) ($0.07) ($0.06)
Adjusted Weighted Average Basic Shares Outstanding		 154.20M 149M 152.60M 151.80M 139.60M 130.40M 129.60M 129.10M 128.10M 126.70M 127.20M
Adjusted Diluted Earnings per Share		 $0.03 $0.03 $0.02 $0.05 $0.01 $0.01 $0.00 ($0.02) ($0.05) $0.00 ($0.06)
Adjusted Weighted Average Diluted Shares Outstanding		 156.20M 150.90M 154.10M 153.50M 141.50M 130.40M 129.60M 129.10M 128.10M 126.70M 127.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 153.44M 152.84M 151.07M 151.00M 150.10M 130.00M 128.94M 128.06M 127.60M 126.66M 125.96M
Normalized Net Operating Profit after Tax (NOPAT)		 5.50 6.53 3.70 7.78 4.90 8.92 8.54 4.69 0.98 3.22 -2.24
Normalized NOPAT Margin		 1.82% 2.31% 1.34% 2.59% 1.77% 3.26% 3.11% 1.83% 0.42% 1.29% -0.98%
Pre Tax Income Margin		 1.78% 1.41% 2.10% 4.23% 1.44% 2.78% 2.48% 0.70% -2.20% 0.24% -3.85%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Kratos Defense & Security Solutions' Financials

When does Kratos Defense & Security Solutions's fiscal year end?

According to the most recent income statement we have on file, Kratos Defense & Security Solutions' financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has Kratos Defense & Security Solutions' net income changed over the last 9 years?

Kratos Defense & Security Solutions' net income appears to be on a downward trend, with a most recent value of $16.30 million in 2024, falling from $19.80 million in 2015. The previous period was $2.40 million in 2023. Find out what analysts predict for Kratos Defense & Security Solutions in the coming months.

What is Kratos Defense & Security Solutions's operating income?
Kratos Defense & Security Solutions's total operating income in 2024 was $29 million, based on the following breakdown:
  • Total Gross Profit: $287.20 million
  • Total Operating Expenses: $258.20 million
How has Kratos Defense & Security Solutions revenue changed over the last 9 years?

Over the last 9 years, Kratos Defense & Security Solutions' total revenue changed from $657.10 million in 2015 to $1.14 billion in 2024, a change of 72.9%.

How much debt does Kratos Defense & Security Solutions have?

Kratos Defense & Security Solutions' total liabilities were at $597.70 million at the end of 2024, a 5.7% decrease from 2023, and a 7.9% decrease since 2015.

How much cash does Kratos Defense & Security Solutions have?

In the past 9 years, Kratos Defense & Security Solutions' cash and equivalents has ranged from $28.50 million in 2015 to $380.80 million in 2020, and is currently $329.30 million as of their latest financial filing in 2024.

How has Kratos Defense & Security Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Kratos Defense & Security Solutions' book value per share changed from 4.30 in 2015 to 8.96 in 2024, a change of 108.2%.


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This page (NASDAQ:KTOS) was last updated on 5/27/2025 by MarketBeat.com Staff
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