(KTOS) Kratos Defense & Security - Overview

Sector: Industrials | Industry: Aerospace & Defense | Exchange: NASDAQ (USA) | Market Cap: 13.435m USD | Total Return: 119.9% in 12m

Stock Drones, Satellites, Weapons, Training
Total Rating 43
Risk 64
Buy Signal -1.93
Aerospace & Defense -15.4
Aerospace & Defense -14.6
Market Cap: 13,435m
Avg Trading Vol: 305M USD
ATR: 8.68%
Peers RS (IBD): 64.3
Risk 5d forecast
Volatility85.6%
Rel. Tail Risk-4.91%
Reward TTM
Sharpe Ratio1.40
Alpha91.41
Character TTM
Beta1.390
Beta Downside0.832
Drawdowns 3y
Max DD50.06%
CAGR/Max DD1.42
EPS (Earnings per Share) EPS (Earnings per Share) of KTOS over the last years for every Quarter: "2021-03": 0.06, "2021-06": 0.06, "2021-09": 0.09, "2021-12": 0.11, "2022-03": 0.04, "2022-06": 0.07, "2022-09": 0.08, "2022-12": 0.08, "2023-03": 0.06, "2023-06": 0.09, "2023-09": 0.12, "2023-12": 0.12, "2024-03": 0.11, "2024-06": 0.14, "2024-09": 0.11, "2024-12": 0.13, "2025-03": 0.12, "2025-06": 0.11, "2025-09": 0.14, "2025-12": 0.18, "2026-03": 0,
EPS CAGR: -41.28%
EPS Trend: 27.5%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of KTOS over the last years for every Quarter: 2021-03: 194.2, 2021-06: 205.1, 2021-09: 200.6, 2021-12: 211.6, 2022-03: 196.2, 2022-06: 224.2, 2022-09: 228.6, 2022-12: 249.3, 2023-03: 231.8, 2023-06: 256.9, 2023-09: 274.6, 2023-12: 273.8, 2024-03: 277.2, 2024-06: 300.1, 2024-09: 275.9, 2024-12: 283.1, 2025-03: 302.6, 2025-06: 351.5, 2025-09: 347.6, 2025-12: 345.1, 2026-03: null,
Rev. CAGR: 16.25%
Rev. Trend: 95.2%
Last SUE: 1.09
Qual. Beats: 4
Risks
Fundamental:

P/E ratio: 553.3846

Technicals: volatile
Description: KTOS Kratos Defense & Security March 04, 2026

Kratos Defense & Security Solutions, Inc. (KTOS) is a technology company supplying products and services to defense, national security, and commercial sectors globally. The company operates through two segments: Kratos Government Solutions and Unmanned Systems.

KTOS provides virtualized ground systems for satellites, jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems. The defense sector is characterized by long development cycles and significant government contract reliance. They also offer propulsion systems, microwave electronic products for various defense applications, counter-unmanned aircraft systems, and virtual/augmented reality training systems.

The companys primary clients include national security agencies, the U.S. Department of Defense, intelligence agencies, international government agencies, and commercial customers. Defense contractors often benefit from consistent demand driven by national security priorities. Investors can find detailed financial analysis and valuation metrics for KTOS on platforms like ValueRay.

Headlines to Watch Out For
  • Unmanned Systems segment revenue growth drives stock performance
  • Government contract awards secure future revenue streams
  • Research and development spending impacts profitability
  • Defense budget fluctuations influence order volume
  • International sales expansion diversifies revenue base
Piotroski VR‑10 (Strict, 0-10) 4.0
Net Income: 22.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.06 > 0.02 and ΔFCF/TA -5.13 > 1.0
NWC/Revenue: 70.68% < 20% (prev 50.64%; Δ 20.04% < -1%)
CFO/TA -0.02 > 3% & CFO -42.1m > Net Income 22.0m
Net Debt (-381.0m) to EBITDA (93.3m): -4.08 < 3
Current Ratio: 4.06 > 1.5 & < 3
Outstanding Shares: last quarter (173.2m) vs 12m ago 11.96% < -2%
Gross Margin: 22.15% > 18% (prev 0.25%; Δ 2.19k% > 0.5%)
Asset Turnover: 60.97% > 50% (prev 58.24%; Δ 2.72% > 0%)
Interest Coverage Ratio: 3.27 > 6 (EBITDA TTM 93.3m / Interest Expense TTM 10.4m)
Altman Z'' 0.36
A: 0.39 (Total Current Assets 1.26b - Total Current Liabilities 311.0m) / Total Assets 2.47b
B: -0.26 (Retained Earnings -641.9m / Total Assets 2.47b)
C: 0.02 (EBIT TTM 34.0m / Avg Total Assets 2.21b)
D: -1.36 (Book Value of Equity -639.6m / Total Liabilities 470.9m)
Altman-Z'' Score: 0.36 = B
Beneish M -2.68
DSRI: 1.19 (Receivables 457.4m/323.7m, Revenue 1.35b/1.14b)
GMI: 1.14 (GM 22.15% / 25.28%)
AQI: 0.84 (AQ_t 0.32 / AQ_t-1 0.39)
SGI: 1.19 (Revenue 1.35b / 1.14b)
TATA: 0.03 (NI 22.0m - CFO -42.1m) / TA 2.47b)
Beneish M-Score: -2.68 (Cap -4..+1) = A
What is the price of KTOS shares? As of March 31, 2026, the stock is trading at USD 65.28 with a total of 5,449,083 shares traded.
Over the past week, the price has changed by -22.00%, over one month by -24.25%, over three months by -14.08% and over the past year by +119.87%.
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.
  • StrongBuy: 6
  • Buy: 2
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the KTOS price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 118.4 81.3%
Analysts Target Price 118.4 81.3%
KTOS Fundamental Data Overview March 30, 2026
P/E Trailing = 553.3846
P/E Forward = 163.9344
P/S = 9.9758
P/B = 7.9164
P/EG = 34.1186
Revenue TTM = 1.35b USD
EBIT TTM = 34.0m USD
EBITDA TTM = 93.3m USD
Long Term Debt = 145.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 16.2m USD (from shortTermDebt, last quarter)
Debt = 179.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -381.0m USD (from netDebt column, last quarter)
Enterprise Value = 13.05b USD (13.44b + Debt 179.6m - CCE 560.6m)
Interest Coverage Ratio = 3.27 (Ebit TTM 34.0m / Interest Expense TTM 10.4m)
EV/FCF = -95.01x (Enterprise Value 13.05b / FCF TTM -137.4m)
FCF Yield = -1.05% (FCF TTM -137.4m / Enterprise Value 13.05b)
FCF Margin = -10.20% (FCF TTM -137.4m / Revenue TTM 1.35b)
Net Margin = 1.63% (Net Income TTM 22.0m / Revenue TTM 1.35b)
Gross Margin = 22.15% ((Revenue TTM 1.35b - Cost of Revenue TTM 1.05b) / Revenue TTM)
Gross Margin QoQ = 21.39% (prev 22.18%)
Tobins Q-Ratio = 5.29 (Enterprise Value 13.05b / Total Assets 2.47b)
Interest Expense / Debt = 1.89% (Interest Expense 3.40m / Debt 179.6m)
Taxrate = 35.29% (12.0m / 34.0m)
NOPAT = 22.0m (EBIT 34.0m * (1 - 35.29%))
Current Ratio = 4.06 (Total Current Assets 1.26b / Total Current Liabilities 311.0m)
Debt / Equity = 0.09 (Debt 179.6m / totalStockholderEquity, last quarter 2.00b)
Debt / EBITDA = -4.08 (Net Debt -381.0m / EBITDA 93.3m)
 Debt / FCF = 2.77 (negative FCF - burning cash) (Net Debt -381.0m / FCF TTM -137.4m)
 Total Stockholder Equity = 1.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.00% (Net Income 22.0m / Total Assets 2.47b)
RoE = 1.20% (Net Income TTM 22.0m / Total Stockholder Equity 1.83b)
RoCE = 1.72% (EBIT 34.0m / Capital Employed (Equity 1.83b + L.T.Debt 145.8m))
RoIC = 1.15% (NOPAT 22.0m / Invested Capital 1.92b)
WACC = 10.74% (E(13.44b)/V(13.61b) * Re(10.87%) + D(179.6m)/V(13.61b) * Rd(1.89%) * (1-Tc(0.35)))
Discount Rate = 10.87% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 13.52%
 [DCF] Fair Price = unknown (Cash Flow -137.4m)
 EPS Correlation: 27.52 | EPS CAGR: -41.28% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.23 | Revenue CAGR: 16.25% | SUE: 1.09 | # QB: 4
EPS next Quarter (2026-06-30): EPS=0.18 | Chg7d=+0.001 | Chg30d=-0.001 | Revisions Net=-2 | Analysts=16
EPS current Year (2026-12-31): EPS=0.78 | Chg7d=+0.000 | Chg30d=-0.007 | Revisions Net=+0 | Growth EPS=+41.1% | Growth Revenue=+23.6%
EPS next Year (2027-12-31): EPS=1.07 | Chg7d=+0.000 | Chg30d=+0.017 | Revisions Net=+3 | Growth EPS=+38.0% | Growth Revenue=+22.9%
[Analyst] Revisions Ratio: -0.20 (4 Up / 6 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 10.7% (Discount Rate 10.9% - Earnings Yield 0.2%)
[Growth] Growth Spread = +5.8% (Analyst 16.5% - Implied 10.7%)
Additional Sources for KTOS Stock Fund Manager Positions: Dataroma · Stockcircle