(KTOS) Kratos Defense & Security - Overview
Stock: Drones, Propulsion, Satellites, Microwave, Command
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 99.0% |
| Relative Tail Risk | -8.42% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.93 |
| Alpha | 158.39 |
| Character TTM | |
|---|---|
| Beta | 1.119 |
| Beta Downside | 0.845 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.31% |
| CAGR/Max DD | 2.90 |
Description: KTOS Kratos Defense & Security January 06, 2026
Kratos Defense & Security Solutions (NASDAQ:KTOS) is a San Diego-based technology firm that supplies defense, national-security, and commercial customers with a broad portfolio that includes satellite ground-segment software, jet-powered unmanned aerial systems, hypersonic and rocket technologies, advanced propulsion, C5ISR solutions, microwave electronics, counter-UAS, directed-energy, and warfighter training via VR/AR. The business is organized into two segments-Kratos Government Solutions and Unmanned Systems-and serves U.S. DoD and intelligence agencies, allied governments, and select commercial clients worldwide.
Key recent metrics: FY 2023 revenue reached approximately $1.62 billion, with a backlog of roughly $2.5 billion indicating strong order flow; operating margin hovered near 9 % after a modest increase in R&D spend to about 6 % of revenue. Sector-level drivers include the U.S. defense budget’s multi-year growth (projected FY 2025 FYDP increase of ~3 % YoY) and accelerating procurement of hypersonic and autonomous systems, which together underpin a projected 7-9 % CAGR for the unmanned-systems market through 2030.
For a deeper quantitative view, you may want to explore ValueRay’s detailed financial models for KTOS.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 20.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -4.25 > 1.0 |
| NWC/Revenue: 73.91% < 20% (prev 51.28%; Δ 22.63% < -1%) |
| CFO/TA -0.00 > 3% & CFO -8.60m > Net Income 20.0m |
| Net Debt (-431.6m) to EBITDA (91.6m): -4.71 < 3 |
| Current Ratio: 4.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (172.9m) vs 12m ago 12.20% < -2% |
| Gross Margin: 22.91% > 18% (prev 0.26%; Δ 2265 % > 0.5%) |
| Asset Turnover: 59.27% > 50% (prev 58.93%; Δ 0.33% > 0%) |
| Interest Coverage Ratio: 1.97 > 6 (EBITDA TTM 91.6m / Interest Expense TTM 19.5m) |
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 -647.8m / Total Assets 2.42b) |
| C: 0.02 (EBIT TTM 38.4m / Avg Total Assets 2.17b) |
| D: -1.46 (Book Value of Equity -645.5m / Total Liabilities 441.8m) |
| Altman-Z'' Score: 0.28 = B |
Beneish M -2.76
| DSRI: 1.16 (Receivables 423.4m/319.1m, Revenue 1.28b/1.13b) |
| GMI: 1.12 (GM 22.91% / 25.67%) |
| AQI: 0.84 (AQ_t 0.33 / AQ_t-1 0.39) |
| SGI: 1.14 (Revenue 1.28b / 1.13b) |
| TATA: 0.01 (NI 20.0m - CFO -8.60m) / TA 2.42b) |
| Beneish M-Score: -2.76 (Cap -4..+1) = A |
What is the price of KTOS shares?
Over the past week, the price has changed by -8.35%, over one month by +2.70%, over three months by +30.38% and over the past year by +190.14%.
Is KTOS a buy, sell or hold?
- StrongBuy: 6
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the KTOS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 117.6 | 24.6% |
| Analysts Target Price | 117.6 | 24.6% |
| ValueRay Target Price | 120.3 | 27.5% |
KTOS Fundamental Data Overview February 01, 2026
P/E Forward = 227.2727
P/S = 13.537
P/B = 9.2162
P/EG = 34.1186
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 = 16.96b USD (17.39b + Debt 134.3m - CCE 565.9m)
Interest Coverage Ratio = 1.97 (Ebit TTM 38.4m / Interest Expense TTM 19.5m)
EV/FCF = -181.8x (Enterprise Value 16.96b / FCF TTM -93.3m)
FCF Yield = -0.55% (FCF TTM -93.3m / Enterprise Value 16.96b)
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 = 7.00 (Enterprise Value 16.96b / 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 = 0.92% (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 = 9.98% (E(17.39b)/V(17.53b) * Re(10.04%) + D(134.3m)/V(17.53b) * Rd(3.43%) * (1-Tc(0.27)))
Discount Rate = 10.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 13.42%
Fair Price DCF = unknown (Cash Flow -93.3m)
EPS Correlation: 29.74 | EPS CAGR: -33.57% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.16 | Revenue CAGR: 14.15% | SUE: 1.55 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.15 | Chg30d=+0.001 | Revisions Net=-3 | Analysts=14
EPS next Year (2026-12-31): EPS=0.77 | Chg30d=+0.011 | Revisions Net=+3 | Growth EPS=+46.0% | Growth Revenue=+20.2%