Overview Dividends

(KTOS) Kratos Defense & Security - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US50077B2079

Drones, Propulsion, Satcom, Hypersonics, C5ISR

Aerospace & Defense
Market Cap in USD: 12,729m

IPO / Inception: 1999-11-05
Return 12m vs S&P 500: 158%

EPS (Earnings per Share)

EPS CAGR: 6.64%
EPS Trend: 69.9%

Last SUE: 1.30
Qual. Beats: 11

Revenue

Rev. CAGR: 14.15%
Rev. Trend: 95.2%

Last SUE: 1.55
Qual. Beats: 3

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	66.2%
Value at Risk 5%th	99.1%
Relative Tail Risk	-9.02%

Reward TTM
Sharpe Ratio	2.21
Alpha	189.72
CAGR/Max DD	2.78

Character TTM
Hurst Exponent	0.478
Beta	1.089
Beta Downside	0.791

Drawdowns 3y
Max DD	36.31%
Mean DD	7.51%
Median DD	5.18%

Description: KTOS Kratos Defense & Security November 03, 2025

Kratos Defense & Security Solutions (NASDAQ: KTOS) is a U.S.-based technology firm that designs, builds, and services hardware and software for defense, national-security, and commercial markets worldwide. It operates two segments-Kratos Government Solutions and Unmanned Systems-covering satellite ground stations, jet-powered drones, hypersonic and rocket platforms, propulsion for missiles and spacecraft, C4ISR suites, microwave electronics, counter-UAS, directed-energy, and warfighter training via VR/AR.

Key recent metrics show FY 2024 revenue of $1.04 billion, up 12% YoY, driven largely by a 38% increase in unmanned-systems backlog and a 22% rise in government contracts tied to U.S. defense-budget allocations for hypersonic and autonomous platforms. The company’s R&D spend now represents ~13% of revenue, reflecting the sector-wide push toward high-speed, low-observable technologies, while overall U.S. defense spending is projected to grow ~3% annually through 2028, supporting long-term demand for Kratos’ product suite.

For a deeper, data-rich evaluation of Kratos’ valuation dynamics, you may find ValueRay’s analyst toolkit useful for extending this initial overview.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (20.0m TTM) > 0 and > 6% of Revenue (6% = 77.1m TTM)

FCFTA -0.04 (>2.0%) and ΔFCFTA -4.25pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 73.91% (prev 51.28%; Δ 22.63pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.00 (>3.0%) and CFO -8.60m <= Net Income 20.0m (YES >=105%, WARN >=100%)

Net Debt (-431.6m) to EBITDA (91.6m) ratio: -4.71 <= 3.0 (WARN <= 3.5)

Current Ratio 4.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (172.9m) change vs 12m ago 12.20% (target <= -2.0% for YES)

Gross Margin 22.91% (prev 25.67%; Δ -2.76pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 59.27% (prev 58.93%; Δ 0.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.97 (EBITDA TTM 91.6m / Interest Expense TTM 19.5m) >= 6 (WARN >= 3)

Altman Z'' 0.28

(A) 0.39 = (Total Current Assets 1.24b - Total Current Liabilities 287.4m) / Total Assets 2.42b

(B) -0.27 = Retained Earnings (Balance) -647.8m / Total Assets 2.42b

(D) -1.46 = Book Value of Equity -645.5m / Total Liabilities 441.8m

Total Rating: 0.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 49.13

1. Piotroski 2.0pt

2. FCF Yield -0.76%

3. FCF Margin -7.26%

4. Debt/Equity 0.07

5. Debt/Ebitda -4.71

6. ROIC - WACC (= -8.39)%

7. RoE 1.20%

8. Rev. Trend 95.16%

9. EPS Trend 69.85%

What is the price of KTOS shares?

As of December 25, 2025, the stock is trading at USD 79.97 with a total of 1,190,215 shares traded.
Over the past week, the price has changed by +14.62%, over one month by +7.91%, over three months by -1.49% and over the past year by +199.96%.

Is KTOS a buy, sell or hold?

Kratos Defense & Security has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy KTOS.

Strong Buy: 6
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the KTOS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	99.9	25%
Analysts Target Price	99.9	25%
ValueRay Target Price	99	23.7%

KTOS Fundamental Data Overview December 21, 2025

Market Cap USD = 12.73b (12.73b USD * 1.0 USD.USD)
P/E Trailing = 579.9231
P/E Forward = 156.25
P/S = 9.9073
P/B = 6.4239
P/EG = 34.1186
Beta = 1.146
Revenue TTM = 1.28b USD
EBIT TTM = 38.4m USD
EBITDA TTM = 91.6m USD
Long Term Debt = 174.6m USD (from longTermDebt, last fiscal year)
Short Term Debt = 15.0m USD (from shortTermDebt, last quarter)
Debt = 134.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -431.6m USD (from netDebt column, last quarter)
Enterprise Value = 12.30b USD (12.73b + Debt 134.3m - CCE 565.9m)
Interest Coverage Ratio = 1.97 (Ebit TTM 38.4m / Interest Expense TTM 19.5m)
FCF Yield = -0.76% (FCF TTM -93.3m / Enterprise Value 12.30b)
FCF Margin = -7.26% (FCF TTM -93.3m / Revenue TTM 1.28b)
Net Margin = 1.56% (Net Income TTM 20.0m / Revenue TTM 1.28b)
Gross Margin = 22.91% ((Revenue TTM 1.28b - Cost of Revenue TTM 990.5m) / Revenue TTM)
Gross Margin QoQ = 22.18% (prev 21.00%)
Tobins Q-Ratio = 5.07 (Enterprise Value 12.30b / Total Assets 2.42b)
Interest Expense / Debt = 3.43% (Interest Expense 4.60m / Debt 134.3m)
Taxrate = 26.89% (3.20m / 11.9m)
NOPAT = 28.1m (EBIT 38.4m * (1 - 26.89%))
Current Ratio = 4.30 (Total Current Assets 1.24b / Total Current Liabilities 287.4m)
Debt / Equity = 0.07 (Debt 134.3m / totalStockholderEquity, last quarter 1.98b)
Debt / EBITDA = -4.71 (Net Debt -431.6m / EBITDA 91.6m)
Debt / FCF = 4.63 (negative FCF - burning cash) (Net Debt -431.6m / FCF TTM -93.3m)
Total Stockholder Equity = 1.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.83% (Net Income 20.0m / Total Assets 2.42b)
RoE = 1.20% (Net Income TTM 20.0m / Total Stockholder Equity 1.67b)
RoCE = 2.08% (EBIT 38.4m / Capital Employed (Equity 1.67b + L.T.Debt 174.6m))
RoIC = 1.56% (NOPAT 28.1m / Invested Capital 1.80b)
WACC = 9.95% (E(12.73b)/V(12.86b) * Re(10.03%) + D(134.3m)/V(12.86b) * Rd(3.43%) * (1-Tc(0.27)))
Discount Rate = 10.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 13.42%
Fair Price DCF = unknown (Cash Flow -93.3m)
EPS Correlation: 69.85 | EPS CAGR: 6.64% | SUE: 1.30 | # QB: 11
Revenue Correlation: 95.16 | Revenue CAGR: 14.15% | SUE: 1.55 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.15 | Chg30d=-0.006 | Revisions Net=-3 | Analysts=11
EPS next Year (2026-12-31): EPS=0.76 | Chg30d=-0.017 | Revisions Net=+1 | Growth EPS=+43.8% | Growth Revenue=+19.7%

Additional Sources for KTOS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle