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Kratos Defense & Security Solutions, Inc. logo

Kratos Defense & Security Solutions, Inc.

KTOS

NASDAQIndustrialsAerospace & Defense

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Previous close

$57.17

+$0.99 · +1.76%

Aug 21, 4:00 PM ET

KTOS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

6

Overpriced

Momentum

18

Strong Down

Sentiment

58

Mixed

Risk resilience

36

High Risk

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Company profile

Company website

Kratos Defense & Security Solutions, Inc. primarily functions as a contractor for the United States Department of Defense. Its business operations are organized into two distinct divisions: Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment delivers a comprehensive suite of products and services, including advanced microwave electronics, solutions for space and satellite communications, specialized training and cybersecurity/warfare capabilities, C5ISR (Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance) and modular systems, cutting-edge turbine technologies, and essential defense and rocket support services. Meanwhile, the Unmanned Systems division is dedicated to developing and supplying autonomous platforms, specifically unmanned aerial, ground, and maritime systems. Kratos caters to an extensive client base, which includes various national security organizations, the DoD, intelligence and classified agencies, international government bodies, and both domestic and global commercial enterprises. The company was established in 1994 and its corporate headquarters are located in San Diego, California.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
Eric DeMarco
Listed since
Nov 5, 1999
Employees
4,300

Market position

Day range

Current $57.17

52-week range

Current $57.17

Open
$56.715
Previous close
$56.18
Volume
3.15M
0.69× average
Average volume
4.57M
Average daily volume
Market cap
10.72B USD
Beta
1.11
Market reference 1
50-day average
$52.8964
+8.08% above average
200-day average
$72.894
-21.57% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
12.93B USD
P/E (TTM)
332.58×
P/B (TTM)
3.15×
P/S (TTM)
7.04×
EV / EBITDA
124.56×
Earnings yield
0.16%
Free cash flow yield
-1.03%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
21.99%
Operating margin
1.54%
Net margin
2.03%
Return on equity
1.10%
Return on assets
0.89%
Return on invested capital
0.83%

Financial health

Debt / equity
0.06×
Current ratio
4.06×
Altman Z-score
10.45
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%18%5%-7%Gross margin, FY2021: 27.74%Gross margin, FY2022: 25.16%Gross margin, FY2023: 25.90%Gross margin, FY2024: 25.28%Gross margin, FY2025: 22.15%Operating margin, FY2021: 3.44%Operating margin, FY2022: -0.32%Operating margin, FY2023: 3.00%Operating margin, FY2024: 2.55%Operating margin, FY2025: 2.06%Net margin, FY2021: -0.25%Net margin, FY2022: -4.11%Net margin, FY2023: -0.86%Net margin, FY2024: 1.43%Net margin, FY2025: 1.63%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.74%. Gross margin FY2022 25.16%. Gross margin FY2023 25.90%. Gross margin FY2024 25.28%. Gross margin FY2025 22.15%. Operating margin FY2021 3.44%. Operating margin FY2022 -0.32%. Operating margin FY2023 3.00%. Operating margin FY2024 2.55%. Operating margin FY2025 2.06%. Net margin FY2021 -0.25%. Net margin FY2022 -4.11%. Net margin FY2023 -0.86%. Net margin FY2024 1.43%. Net margin FY2025 1.63%.

Income trends

Revenue

1.35B USD+18.53%

Operating income

27.7M USD-4.48%

Net income

22M USD+34.97%
Income trends across reported periods1.49B USD931.69M USD378.21M USD−175.27M USDRevenue, FY2021: 811.5M USDRevenue, FY2022: 898.3M USDRevenue, FY2023: 1.04B USDRevenue, FY2024: 1.14B USDRevenue, FY2025: 1.35B USDOperating income, FY2021: 27.9M USDOperating income, FY2022: −2.9M USDOperating income, FY2023: 31.1M USDOperating income, FY2024: 29M USDOperating income, FY2025: 27.7M USDNet income, FY2021: −2M USDNet income, FY2022: −36.9M USDNet income, FY2023: −8.9M USDNet income, FY2024: 16.3M USDNet income, FY2025: 22M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 811.5M USD. Revenue FY2022 898.3M USD. Revenue FY2023 1.04B USD. Revenue FY2024 1.14B USD. Revenue FY2025 1.35B USD. Operating income FY2021 27.9M USD. Operating income FY2022 −2.9M USD. Operating income FY2023 31.1M USD. Operating income FY2024 29M USD. Operating income FY2025 27.7M USD. Net income FY2021 −2M USD. Net income FY2022 −36.9M USD. Net income FY2023 −8.9M USD. Net income FY2024 16.3M USD. Net income FY2025 22M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.35B USD1.14B USD1.04B USD898.3M USD811.5M USD
Cost of goods sold1.05B USD849.1M USD768.5M USD672.3M USD586.4M USD
Gross profit298.3M USD287.2M USD268.6M USD226M USD225.1M USD
Research and development40M USD40.3M USD38.4M USD38.6M USD35.2M USD
Selling, general, and administrative230.6M USD214M USD197.8M USD182.8M USD160.2M USD
Operating expenses270.6M USD258.2M USD237.5M USD228.9M USD197.2M USD
Interest income15.5M USD12.2M USD1.2M USD600K USD300K USD
Interest expense10.5M USD15.2M USD21.7M USD18.3M USD23.7M USD
Depreciation and amortization59.3M USD51.9M USD44.7M USD40.9M USD34.7M USD
Operating income27.7M USD29M USD31.1M USD−2.9M USD27.9M USD
Net income22M USD16.3M USD−8.9M USD−36.9M USD−2M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+42.96%
11 comparable reports
Latest EPS result
0.21
Estimate 0.14 · Beat by 51.30%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.250.190.130.08Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 0.13, estimate 0.09, surprise +44.44%, Beat. Q2 2025, reported May 7, 2025: actual 0.12, estimate 0.09, surprise +33.33%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.11, estimate 0.095, surprise +15.79%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.14, estimate 0.125, surprise +12.00%, Beat. Q1 2026, reported Feb 23, 2026: actual 0.18, estimate 0.158, surprise +14.00%, Beat. Q2 2026, reported May 6, 2026: actual 0.16, estimate 0.134, surprise +19.23%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.21, estimate 0.139, surprise +51.30%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.21, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates488.22M413.59M338.95M264.32MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 283.1M USD, estimate 288.33M USD, surprise -1.82%, Miss. Q2 2025, reported May 7, 2025: actual 302.6M USD, estimate 292.25M USD, surprise +3.54%, Beat. Q3 2025, reported Aug 7, 2025: actual 351.5M USD, estimate 306.45M USD, surprise +14.70%, Beat. Q4 2025, reported Nov 4, 2025: actual 347.6M USD, estimate 321.97M USD, surprise +7.96%, Beat. Q1 2026, reported Feb 23, 2026: actual 345.1M USD, estimate 327.18M USD, surprise +5.48%, Beat. Q2 2026, reported May 6, 2026: actual 371M USD, estimate 345M USD, surprise +7.54%, Beat. Q3 2026, reported Aug 4, 2026: actual 458.8M USD, estimate 410.36M USD, surprise +11.81%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 469.44M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

12 institutions
Cantor FitzgeraldmaintainOverweight

KTOS news

247wallst.com

Unusual Machines Jumps 7%, Ondas Climbs 4%, Kratos Defense Rises 3% as the Drone Trade Snaps Back

Thursday's

Read source
zacks.com

Is Kratos Defense Entering the Scale-Up Phase of Defense Modernization?

KTOS is ramping production as defense demand grows, with a $2.08B backlog and plans for major capacity expansion through 2028.

Read source
247wallst.com

Ondas Drops 7%, Unusual Machines Sinks 8%, Kratos Falls 5% as the Drone Trade Unwinds

Four drone stocks with wildly different year-to-date performances are all dropping by the same amount Thursday morning, and the reason has nothing to do with any news hitting the wires.

Read source
fool.com

Kratos Defense vs. Nokia: Is Defense or Telecom a Better Stock Buy in 2026?

Kratos is a leader in high-growth defense niches like unmanned aerial systems and hypersonic flight technology. Nokia offers a stable, global infrastructure business with significant positive free cash flow generation.

Read source
fool.com

AppLovin vs. Kratos Defense: Which Technology Stock Is a Better Buy in 2026?

AppLovin demonstrates massive profitability and growth through its AI-powered advertising platform. Kratos Defense & Security Solutions maintains a critical role in unmanned systems and satellite communications for the…

Read source
seekingalpha.com

Kratos: A Production Powerhouse That No Longer Feels Speculative

Kratos (KTOS) delivered a robust Q2 2026, with revenue up 30.5% YoY to $458.8M and EPS beating by $0.06. KTOS reported consolidated organic growth of 19.1%, led by 22% in KGS and 8.1% in Unmanned Systems segments. Key…

Read source

Corporate actions

Corporate action history

Stock split

Effective Sep 11, 2009

1:10

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ETFs holding KTOS

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
410.52M
Weight
0.32%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
First Trust RBA American Industrial RenaissanceTM ETF logoFirst Trust RBA American Industrial RenaissanceTM ETFAIRR
Market value
374.43M
Weight
3.69%
AUM
10.14B USD
Expense ratio
0.69%
Price / 1D
$115.27-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
278.37M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
200.92M
Weight
0.11%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
State Street SPDR S&P Aerospace & Defense ETF logoState Street SPDR S&P Aerospace & Defense ETFXAR
Market value
170.64M
Weight
2.76%
AUM
6.19B USD
Expense ratio
0.35%
Price / 1D
$272.74+0.35%
Invesco S&P MidCap Momentum ETF logoInvesco S&P MidCap Momentum ETFXMMO
Market value
130.58M
Weight
1.76%
AUM
7.45B USD
Expense ratio
0.35%
Price / 1D
$157.09+0.08%
ARK Autonomous Technology & Robotics ETF logoARK Autonomous Technology & Robotics ETFARKQ
Market value
128.17M
Weight
6.52%
AUM
1.86B USD
Expense ratio
0.75%
Price / 1D
$125.58+1.54%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
116.3M
Weight
0.26%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%

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