Symbols / KTOS Stock $62.05 -1.59% Kratos Defense & Security Solutions, Inc.

Industrials • Aerospace & Defense • United States • NMS
KTOS (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Aerospace & Defense
CEO Mr. Eric M. DeMarco
Exch · Country NMS · United States
Market Cap 11.63B
Enterprise Value 10.15B
Income 22.00M
Sales 1.35B
FCF (ttm) -126.89M
Book/sh 11.82
Cash/sh 3.29
Employees 4,300
Insider 10d
IPO Nov 05, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 477.31
Forward P/E 57.68
PEG 36.41
P/S 8.64
P/B 5.25
P/C
EV/EBITDA 135.75
EV/Sales 7.54
Quick Ratio 3.27
Current Ratio 4.06
Debt/Eq 7.30
LT Debt/Eq
EPS (ttm) 0.13
EPS next Y 1.08
EPS Growth 18.60%
Revenue Growth 21.90%
EPS Gr Q/Q 51.30%
Rev Gr Q/Q
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-23
ROA 0.78%
ROE 1.31%
ROIC
Gross Margin 22.86%
Oper. Margin 2.93%
Profit Margin 1.63%
Shs Outstand 187.44M
Shs Float 167.71M
Insider Own 1.41%
Instit Own 85.65%
Short Float 5.79%
Short Ratio 2.53
Short Interest 9.44M
52W High 134.00
vs 52W High -53.69%
52W Low 32.85
vs 52W Low 88.89%
Beta 1.22
Impl. Vol. 1.10%
Rel Volume 0.62
Avg Volume 4.16M
Volume 2.57M
Target (mean) $116.75
Tgt Median $115.00
Tgt Low $80.00
Tgt High $150.00
# Analysts 20
Recom Buy
Prev Close $63.05
Price $62.05
Change -1.59%
About

Kratos Defense & Security Solutions, Inc., a technology company, provides technology, hardware, products, system, and software for the defense, national security, and commercial markets in the United States, other North America, the Asia Pacific, the Middle East, Europe, and Internationally. The company operates through Kratos Government Solutions and Unmanned Systems segments. It offers virtualized ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet powered unmanned aerial drone systems and hypersonic vehicles and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft and launch systems, command, control, communication, computing, combat, and intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; and counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter. The company primarily serves national security-related agencies, the U.S. Department of Defense, intelligence and classified agencies, international government agencies, and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was formerly known as Wireless Facilities, Inc. and changed its name to Kratos Defense & Security Solutions, Inc. in August 1999. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$62.05
Low
$80.00
High
$150.00
Mean
$116.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-06 up Jefferies Hold → Buy $85
2026-02-24 main Canaccord Genuity Buy → Buy $125
2026-02-24 main BTIG Buy → Buy $115
2026-02-18 init UBS — → Neutral $79
2026-01-28 main Keybanc Overweight → Overweight $130
2026-01-22 init Piper Sandler — → Neutral $99
2026-01-20 main Goldman Sachs Buy → Buy $125
2026-01-13 main Stifel Buy → Buy $134
2026-01-12 main Citizens Market Outperform → Market Outperform $125
2026-01-09 main B. Riley Securities Buy → Buy $128
2026-01-05 init Jones Trading — → Buy
2025-12-19 init Keybanc — → Overweight $90
2025-12-01 up B. Riley Securities Neutral → Buy $105
2025-11-06 main BTIG Buy → Buy $95
2025-10-15 main Truist Securities Buy → Buy $125
2025-10-15 main Stifel Buy → Buy $112
2025-10-09 main Canaccord Genuity Buy → Buy $120
2025-10-08 down B. Riley Securities Buy → Neutral $105
2025-10-02 main JMP Securities Market Outperform → Market Outperform $105
2025-09-26 main Baird Outperform → Outperform $87
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-28 ROCK STACEY G Officer 4,000 $60.89 $244,100
2026-04-27 FENDLEY STEVEN S Officer 7,000 $61.64 $431,451
2026-04-16 JARVIS SCOT B Director 5,417 $75.90 $411,150
2026-04-15 MENDOZA MARIE C General Counsel 1,500 $75.69 $113,535
2026-04-15 CARRAI PHILLIP D Officer 6,500 $74.08 $485,693
2026-04-08 CARTER DAVID M Officer 4,000 $73.30 $296,625
2026-04-01 HOGLUND WILLIAM A Director 30,500 $70.14 $2,171,297
2026-04-01 LUND DEANNA HOM Chief Financial Officer 5,000 $68.06 $348,130
2026-03-30 FENDLEY STEVEN S Officer 7,000 $68.28 $487,120
2026-03-26 ROCK STACEY G Officer 4,000 $75.62 $307,103
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,346.80
+18.53%
1,136.30
+9.57%
1,037.10
+15.45%
898.30
Operating Revenue
1,346.80
+18.53%
1,136.30
+9.57%
1,037.10
+15.45%
898.30
Cost Of Revenue
1,038.90
+22.35%
849.10
+10.49%
768.50
+14.31%
672.30
Reconciled Cost Of Revenue
1,038.90
+22.35%
849.10
+10.49%
768.50
+14.31%
672.30
Gross Profit
307.90
+7.21%
287.20
+6.92%
268.60
+18.85%
226.00
Operating Expense
280.20
+8.82%
257.50
+8.60%
237.10
+7.09%
221.40
Research And Development
40.00
-0.74%
40.30
+4.95%
38.40
-0.52%
38.60
Selling General And Administration
240.20
+10.59%
217.20
+9.31%
198.70
+8.70%
182.80
Total Expenses
1,319.10
+19.20%
1,106.60
+10.04%
1,005.60
+12.52%
893.70
Operating Income
27.70
-6.73%
29.70
-5.71%
31.50
+584.78%
4.60
Total Operating Income As Reported
25.60
-11.72%
29.00
-6.75%
31.10
+1172.41%
-2.90
EBITDA
102.90
+9.94%
93.60
+20.77%
77.50
+195.80%
26.20
Normalized EBITDA
105.00
+11.35%
94.30
+21.05%
77.90
+66.81%
46.70
Reconciled Depreciation
59.30
+14.26%
51.90
+16.11%
44.70
+9.29%
40.90
EBIT
43.60
+4.56%
41.70
+27.13%
32.80
+323.13%
-14.70
Total Unusual Items
-2.10
-200.00%
-0.70
-75.00%
-0.40
+98.05%
-20.50
Total Unusual Items Excluding Goodwill
-2.10
-200.00%
-0.70
-75.00%
-0.40
+98.05%
-20.50
Special Income Charges
-2.10
-200.00%
-0.70
-75.00%
-0.40
+98.05%
-20.50
Other Special Charges
13.00
Restructuring And Mergern Acquisition
2.10
+200.00%
0.70
+75.00%
0.40
-94.67%
7.50
Net Income
22.00
+34.97%
16.30
+283.15%
-8.90
+75.88%
-36.90
Pretax Income
34.00
+28.30%
26.50
+138.74%
11.10
+133.64%
-33.00
Net Non Operating Interest Income Expense
5.90
+296.67%
-3.00
+85.37%
-20.50
-15.82%
-17.70
Interest Expense Non Operating
9.60
-36.84%
15.20
-29.95%
21.70
+18.58%
18.30
Net Interest Income
5.90
+296.67%
-3.00
+85.37%
-20.50
-15.82%
-17.70
Interest Expense
9.60
-36.84%
15.20
-29.95%
21.70
+18.58%
18.30
Interest Income Non Operating
15.50
+27.05%
12.20
+916.67%
1.20
+100.00%
0.60
Interest Income
15.50
+27.05%
12.20
+916.67%
1.20
+100.00%
0.60
Other Income Expense
0.40
+300.00%
-0.20
-300.00%
0.10
+100.50%
-19.90
Other Non Operating Income Expenses
2.50
+400.00%
0.50
+0.00%
0.50
-16.67%
0.60
Tax Provision
12.00
+17.65%
10.20
+17.24%
8.70
+4250.00%
0.20
Tax Rate For Calcs
0.00
-8.55%
0.00
+83.29%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.74
-174.35%
-0.27
-220.75%
-0.08
+98.05%
-4.30
Net Income Including Noncontrolling Interests
22.00
+34.97%
16.30
+579.17%
2.40
+107.23%
-33.20
Net Income From Continuing Operation Net Minority Interest
22.00
+34.97%
16.30
+283.15%
-8.90
+75.88%
-36.90
Net Income From Continuing And Discontinued Operation
22.00
+34.97%
16.30
+283.15%
-8.90
+75.88%
-36.90
Net Income Continuous Operations
22.00
+34.97%
16.30
+579.17%
2.40
+107.23%
-33.20
Net Income Discontinuous Operations
0.20
-77.78%
0.90
Minority Interests
0.00
0.00
+100.00%
-11.30
-205.41%
-3.70
Normalized Income
23.36
+39.63%
16.73
+294.90%
-8.58
+58.54%
-20.70
Net Income Common Stockholders
22.00
+34.97%
16.30
+283.15%
-8.90
+75.88%
-36.90
Diluted EPS
0.13
+18.18%
0.11
+257.14%
-0.07
+75.86%
-0.29
Basic EPS
0.14
+27.27%
0.11
+257.14%
-0.07
+75.86%
-0.29
Basic Average Shares
162.70
+9.19%
149.00
+14.26%
130.40
+2.92%
126.70
Diluted Average Shares
165.20
+9.48%
150.90
+15.72%
130.40
+2.92%
126.70
Diluted NI Availto Com Stockholders
22.00
+34.97%
16.30
+283.15%
-8.90
+75.88%
-36.90
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,467.20
+26.46%
1,950.90
+19.50%
1,632.50
+5.22%
1,551.50
Current Assets
1,262.90
+44.81%
872.10
+46.77%
594.20
+1.99%
582.60
Cash Cash Equivalents And Short Term Investments
560.60
+70.24%
329.30
+352.34%
72.80
-10.46%
81.30
Cash And Cash Equivalents
560.60
+70.24%
329.30
+352.34%
72.80
-10.46%
81.30
Receivables
457.30
+41.27%
323.70
-1.64%
329.10
+0.24%
328.30
Accounts Receivable
164.90
+40.46%
117.40
-8.78%
128.70
+21.99%
105.50
Gross Accounts Receivable
165.90
+40.00%
118.50
-8.71%
129.80
+22.57%
105.90
Allowance For Doubtful Accounts Receivable
-1.00
+9.09%
-1.10
+0.00%
-1.10
-175.00%
-0.40
Other Receivables
292.40
+41.74%
206.30
+2.94%
200.40
-10.05%
222.80
Inventory
188.20
+16.10%
162.10
+3.78%
156.20
+24.46%
125.50
Raw Materials
109.40
+21.42%
90.10
+15.51%
78.00
+5.98%
73.60
Work In Process
71.90
+6.20%
67.70
-7.13%
72.90
+43.50%
50.80
Finished Goods
6.90
+60.47%
4.30
-18.87%
5.30
+381.82%
1.10
Prepaid Assets
12.90
-28.33%
18.00
+12.50%
16.00
+34.45%
11.90
Restricted Cash
Other Current Assets
43.90
+12.56%
39.00
+94.03%
20.10
-43.54%
35.60
Total Non Current Assets
1,204.30
+11.63%
1,078.80
+3.90%
1,038.30
+7.16%
968.90
Net PPE
405.30
+24.40%
325.80
+12.62%
289.30
+11.06%
260.50
Gross PPE
615.80
+20.20%
512.30
+14.17%
448.70
+12.80%
397.80
Accumulated Depreciation
-210.50
-12.87%
-186.50
-17.00%
-159.40
-16.10%
-137.30
Properties
0.00
0.00
0.00
0.00
Land And Improvements
40.50
-1.94%
41.30
+1.23%
40.80
+6.25%
38.40
Machinery Furniture Equipment
281.30
+12.61%
249.80
+17.61%
212.40
+15.94%
183.20
Construction In Progress
103.90
+27.02%
81.80
+17.36%
69.70
+36.67%
51.00
Other Properties
147.10
+35.45%
108.60
+6.68%
101.80
-0.49%
102.30
Leases
43.00
+39.61%
30.80
+28.33%
24.00
+4.80%
22.90
Goodwill And Other Intangible Assets
649.60
+4.32%
622.70
-1.39%
631.50
+2.95%
613.40
Goodwill
595.70
+4.71%
568.90
-0.04%
569.10
+1.95%
558.20
Other Intangible Assets
53.90
+0.19%
53.80
-13.78%
62.40
+13.04%
55.20
Investments And Advances
5.00
0.00
Long Term Equity Investment
5.00
0.00
Other Non Current Assets
144.40
+10.82%
130.30
+10.89%
117.50
+23.68%
95.00
Total Liabilities Net Minority Interest
470.90
-21.21%
597.70
-5.73%
634.00
+4.97%
604.00
Current Liabilities
311.00
+4.82%
296.70
+1.44%
292.50
+24.89%
234.20
Payables And Accrued Expenses
130.10
+7.70%
120.80
+22.64%
98.50
+6.37%
92.60
Payables
69.60
-15.12%
82.00
+29.95%
63.10
+10.12%
57.30
Accounts Payable
69.60
-15.12%
82.00
+29.95%
63.10
+10.12%
57.30
Current Accrued Expenses
60.50
+55.93%
38.80
+9.60%
35.40
+0.28%
35.30
Pensionand Other Post Retirement Benefit Plans Current
82.30
+14.46%
71.90
+11.13%
64.70
+23.95%
52.20
Current Debt And Capital Lease Obligation
16.20
+22.73%
13.20
-1.49%
13.40
+24.07%
10.80
Current Capital Lease Obligation
16.20
+22.73%
13.20
-1.49%
13.40
+24.07%
10.80
Current Deferred Liabilities
73.40
-3.80%
76.30
-25.05%
101.80
+63.93%
62.10
Current Deferred Revenue
73.40
-3.80%
76.30
-25.05%
101.80
+63.93%
62.10
Other Current Liabilities
9.00
-37.93%
14.50
+2.84%
14.10
-14.55%
16.50
Total Non Current Liabilities Net Minority Interest
159.90
-46.88%
301.00
-11.86%
341.50
-7.65%
369.80
Liabilities Heldfor Sale Non Current
1.10
-21.43%
1.40
Long Term Debt And Capital Lease Obligation
129.60
-51.79%
268.80
-12.73%
308.00
+5.84%
291.00
Long Term Debt
174.60
-20.38%
219.30
-12.35%
250.20
Long Term Capital Lease Obligation
129.60
+37.58%
94.20
+6.20%
88.70
+117.40%
40.80
Other Non Current Liabilities
30.30
-5.90%
32.20
-3.88%
33.50
-56.72%
77.40
Stockholders Equity
1,996.30
+47.52%
1,353.20
+38.65%
976.00
+4.24%
936.30
Common Stock Equity
1,996.30
+47.52%
1,353.20
+38.65%
976.00
+4.24%
936.30
Capital Stock
0.20
+0.00%
0.20
0.00
0.00
Common Stock
0.20
+0.00%
0.20
0.00
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
168.88
+11.77%
151.09
+16.87%
129.29
+2.62%
125.99
Ordinary Shares Number
168.88
+11.77%
151.09
+16.87%
129.29
+2.62%
125.99
Additional Paid In Capital
2,635.90
+30.66%
2,017.40
+21.93%
1,654.50
+2.87%
1,608.40
Retained Earnings
-641.90
+3.31%
-663.90
+2.40%
-680.20
-1.33%
-671.30
Gains Losses Not Affecting Retained Earnings
2.10
+520.00%
-0.50
-129.41%
1.70
+312.50%
-0.80
Minority Interest
0.00
-100.00%
22.50
+100.89%
11.20
Other Equity Adjustments
2.10
+520.00%
-0.50
-129.41%
1.70
+312.50%
-0.80
Total Equity Gross Minority Interest
1,996.30
+47.52%
1,353.20
+35.52%
998.50
+5.38%
947.50
Total Capitalization
1,996.30
+30.67%
1,527.80
+27.82%
1,195.30
+0.74%
1,186.50
Working Capital
951.90
+65.43%
575.40
+90.72%
301.70
-13.40%
348.40
Total Debt
145.80
-48.30%
282.00
-12.26%
321.40
+6.49%
301.80
Net Debt
146.50
-13.26%
168.90
Capital Lease Obligations
145.80
+35.75%
107.40
+5.19%
102.10
+97.87%
51.60
Net Tangible Assets
1,346.70
+84.35%
730.50
+112.05%
344.50
+6.69%
322.90
Tangible Book Value
1,346.70
+84.35%
730.50
+112.05%
344.50
+6.69%
322.90
Interest Payable
1.70
+13.33%
1.50
Investmentsin Joint Venturesat Cost
5.00
0.00
Preferred Shares Number
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
Cash Flow From Continuing Operating Activities
-42.10
-184.71%
49.70
-23.77%
65.20
+353.70%
-25.70
Cash From Discontinued Operating Activities
-0.10
Net Income From Continuing Operations
22.00
+34.97%
16.30
+579.17%
2.40
+107.23%
-33.20
Depreciation Amortization Depletion
59.30
+14.26%
51.90
+16.11%
44.70
+9.29%
40.90
Depreciation
59.30
+14.26%
51.90
+16.11%
44.70
+9.29%
40.90
Amortization Cash Flow
6.80
-8.11%
7.40
Depreciation And Amortization
59.30
+14.26%
51.90
+16.11%
44.70
+9.29%
40.90
Amortization Of Intangibles
6.80
-8.11%
7.40
Other Non Cash Items
0.50
-28.57%
0.70
+0.00%
0.70
-88.89%
6.30
Stock Based Compensation
35.50
+19.13%
29.80
+17.79%
25.30
-3.80%
26.30
Provisionand Write Offof Assets
0.00
0.00
-100.00%
1.00
0.00
Deferred Tax
8.10
+84.09%
4.40
+76.00%
2.50
+180.65%
-3.10
Deferred Income Tax
8.10
+84.09%
4.40
+76.00%
2.50
+180.65%
-3.10
Operating Gains Losses
0.50
13.00
Change In Working Capital
-168.00
-214.61%
-53.40
-368.42%
-11.40
+84.98%
-75.90
Change In Receivables
-126.00
-2570.59%
5.10
+292.31%
1.30
+104.76%
-27.30
Changes In Account Receivables
-44.60
-498.21%
11.20
+185.50%
-13.10
-167.35%
-4.90
Change In Inventory
-19.30
-286.00%
-5.00
+83.11%
-29.60
-24.37%
-23.80
Change In Prepaid Assets
5.10
+383.33%
-1.80
+53.85%
-3.90
-105.26%
-1.90
Change In Payables And Accrued Expense
19.10
-19.75%
23.80
+30.77%
18.20
+66.97%
10.90
Change In Accrued Expense
32.80
+277.01%
8.70
-36.96%
13.80
+115.63%
6.40
Change In Payable
-13.70
-190.73%
15.10
+243.18%
4.40
-2.22%
4.50
Change In Account Payable
-13.70
-190.73%
15.10
+243.18%
4.40
-2.22%
4.50
Change In Other Working Capital
-4.60
+82.31%
-26.00
-193.19%
27.90
+896.43%
2.80
Change In Other Current Assets
-27.10
+23.88%
-35.60
-189.43%
-12.30
+34.22%
-18.70
Change In Other Current Liabilities
-15.20
-9.35%
-13.90
-6.92%
-13.00
+27.37%
-17.90
Investing Cash Flow
-88.30
-26.69%
-69.70
-59.13%
-43.80
+75.31%
-177.40
Cash Flow From Continuing Investing Activities
-88.30
-26.69%
-69.70
-59.13%
-43.80
+75.31%
-177.40
Cash From Discontinued Investing Activities
0.00
+100.00%
-0.10
Capital Expenditure
-95.30
-63.75%
-58.20
-11.07%
-52.40
-15.42%
-45.40
Capital Expenditure Reported
-95.30
-63.75%
-58.20
-11.07%
-52.40
-15.42%
-45.40
Net Business Purchase And Sale
-5.00
+56.52%
-11.50
-3933.33%
0.30
+100.23%
-132.20
Purchase Of Business
-5.00
+56.52%
-11.50
0.00
+100.00%
-132.20
Net Other Investing Changes
12.00
8.30
+4050.00%
0.20
Financing Cash Flow
360.70
+29.94%
277.60
+1004.23%
-30.70
+51.50%
-63.30
Cash Flow From Continuing Financing Activities
360.70
+29.94%
277.60
+1004.23%
-30.70
+51.50%
-63.30
Net Issuance Payments Of Debt
-186.80
-325.51%
-43.90
-31.04%
-33.50
+37.62%
-53.70
Issuance Of Debt
0.00
-100.00%
10.00
-85.51%
69.00
-77.00%
300.00
Repayment Of Debt
-186.80
-246.57%
-53.90
+47.41%
-102.50
+71.02%
-353.70
Long Term Debt Issuance
0.00
-100.00%
10.00
-85.51%
69.00
-77.00%
300.00
Long Term Debt Payments
-186.80
-246.57%
-53.90
+47.41%
-102.50
+71.02%
-353.70
Net Long Term Debt Issuance
-186.80
-325.51%
-43.90
-31.04%
-33.50
+37.62%
-53.70
Net Common Stock Issuance
555.90
+68.10%
330.70
0.00
0.00
Proceeds From Stock Option Exercised
9.90
+20.73%
8.20
+26.15%
6.50
+4.84%
6.20
Net Other Financing Charges
-18.30
-5.17%
-17.40
-370.27%
-3.70
+76.58%
-15.80
Changes In Cash
230.30
-10.60%
257.60
+2869.89%
-9.30
+96.51%
-266.40
Effect Of Exchange Rate Changes
1.00
+190.91%
-1.10
-237.50%
0.80
+147.06%
-1.70
Beginning Cash Position
329.30
+352.34%
72.80
-10.46%
81.30
-76.73%
349.40
End Cash Position
560.60
+70.24%
329.30
+352.34%
72.80
-10.46%
81.30
Free Cash Flow
-137.40
-1516.47%
-8.50
-166.41%
12.80
+118.00%
-71.10
Interest Paid Supplemental Data
6.30
-56.85%
14.60
-25.51%
19.60
+43.07%
13.70
Income Tax Paid Supplemental Data
6.50
+30.00%
5.00
-23.08%
6.50
+47.73%
4.40
Change In Interest Payable
0.20
+100.00%
0.10
Common Stock Issuance
555.90
+68.10%
330.70
0.00
0.00
Issuance Of Capital Stock
555.90
+68.10%
330.70
0.00
0.00
Sale Of Business
0.30
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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