Stocktoria

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. KTOS

Nasdaq · stock · Guided Missiles & Space Vehicles & Parts · website · IPO 1999-11-05 · LEI

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. statistics & valuation

Market cap$8.9B
P / E402.4×
P / S6.6×
P / B4.4×
Net margin1.6%
Return on equity1.1%
Net cash$560.6M
Net debt / EBITDA-7.7×
Enterprise value USD$8.3B
Earnings yield EBIT/EV0.3%
Return on capital1.2%
Graham number -90.8%$5.88

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.88); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-9.00% -5.70% -0.60% 1.70% 10.60% -0.20% -4.10% -0.90% 1.40% 1.60% 2016201720182019202020212022202320242025
Gross margin (%)
18.00% 21.00% 27.50% 26.50% 27.20% 27.70% 25.20% 25.90% 25.30% 22.90% 2016201720182019202020212022202320242025
Operating margin (%)
-2.70% -1.60% 4.90% 5.30% 3.90% 3.40% -0.30% 3.00% 2.60% 1.90% 2016201720182019202020212022202320242025
Return on equity (%)
-21.90% -8.30% -0.70% 2.20% 8.60% -0.20% -3.90% -0.90% 1.20% 1.10% 2016201720182019202020212022202320242025
Shares outstanding
73.9M 103.3M 106.1M 109.2M 123.0M 128.0M 126.7M 130.4M 151.1M 168.9M 2016201720182019202020212022202320242025
Net debt ($)
$362.9M $163.8M $111.5M $122.5M -$79.3M -$52.7M $168.9M $146.5M -$154.7M -$560.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-6.40% -4.20% -0.30% 1.10% 5.10% -0.10% -2.40% -0.50% 0.80% 0.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.56× 0.58× 0.57× 0.51× 0.33× 0.31× 0.27× 0.22× 0.13× 0.00× 2016201720182019202020212022202320242025
EPS ($)
-$0.99 -$0.48 -$0.03 $0.11 $0.67 -$0.02 -$0.29 -$0.07 $0.11 $0.13 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. trades at about 490.9× earnings — above its 10-year norm (10-year range 9.4×–792.4×, median 166.7×).

9.4× 792.4×

Shaded band = 10-year range (9.4×–792.4×); dot = today's 490.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin22.9%25.3%25.9%25.2%27.7%27.2%26.5%27.5%21.0%18.0%
Operating margin1.9%2.6%3.0%-0.3%3.4%3.9%5.3%4.9%-1.6%-2.7%
Net margin1.6%1.4%-0.9%-4.1%-0.2%10.6%1.7%-0.6%-5.7%-9.0%
Return on assets0.9%0.8%-0.5%-2.4%-0.1%5.1%1.1%-0.3%-4.2%-6.4%
Return on equity1.1%1.2%-0.9%-3.9%-0.2%8.6%2.2%-0.7%-8.3%-21.9%
Debt / equity0.00×0.13×0.22×0.27×0.31×0.33×0.51×0.57×0.58×1.56×
Current ratio4.062.942.032.493.433.872.863.002.501.90

Computed from company filings · US · as of 2025-12-28. Facts plus Stocktoria's own computed scores — not investment advice.