image
Industrials - Aerospace & Defense - NASDAQ - US
$ 44.66
3.19 %
$ 6.85 B
Market Cap
343.54
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one KTOS stock under the worst case scenario is HIDDEN Compared to the current market price of 44.7 USD, Kratos Defense & Security Solutions, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one KTOS stock under the base case scenario is HIDDEN Compared to the current market price of 44.7 USD, Kratos Defense & Security Solutions, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one KTOS stock under the best case scenario is HIDDEN Compared to the current market price of 44.7 USD, Kratos Defense & Security Solutions, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart KTOS

image
$50.0$50.0$45.0$45.0$40.0$40.0$35.0$35.0$30.0$30.0$25.0$25.0$20.0$20.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
1.14 B REVENUE
9.57%
29 M OPERATING INCOME
-6.75%
16.3 M NET INCOME
283.15%
49.7 M OPERATING CASH FLOW
-23.77%
-69.7 M INVESTING CASH FLOW
-59.13%
278 M FINANCING CASH FLOW
1004.23%
303 M REVENUE
6.89%
6.6 M OPERATING INCOME
120.00%
4.5 M NET INCOME
15.38%
-29.2 M OPERATING CASH FLOW
-64.04%
-22.6 M INVESTING CASH FLOW
-66.18%
-14.5 M FINANCING CASH FLOW
-383.33%
Balance Sheet Kratos Defense & Security Solutions, Inc.
image
Current Assets 872 M
Cash & Short-Term Investments 329 M
Receivables 324 M
Other Current Assets 219 M
Non-Current Assets 1.08 B
Long-Term Investments 0
PP&E 326 M
Other Non-Current Assets 753 M
16.88 %16.60 %11.23 %16.70 %38.60 %Total Assets$2.0b
Current Liabilities 297 M
Accounts Payable 82 M
Short-Term Debt 13.2 M
Other Current Liabilities 202 M
Non-Current Liabilities 301 M
Long-Term Debt 269 M
Other Non-Current Liabilities 32.2 M
13.72 %33.71 %44.97 %5.39 %Total Liabilities$597.7m
EFFICIENCY
Earnings Waterfall Kratos Defense & Security Solutions, Inc.
image
Revenue 1.14 B
Cost Of Revenue 849 M
Gross Profit 287 M
Operating Expenses 254 M
Operating Income 29 M
Other Expenses 12.7 M
Net Income 16.3 M
1b1b1b1b800m800m600m600m400m400m200m200m001b(849m)287m(254m)29m(13m)16mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
25.28% GROSS MARGIN
25.28%
2.55% OPERATING MARGIN
2.55%
1.43% NET MARGIN
1.43%
1.20% ROE
1.20%
0.84% ROA
0.84%
1.07% ROIC
1.07%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Kratos Defense & Security Solutions, Inc.
image
20m20m10m10m00(10m)(10m)(20m)(20m)(30m)(30m)(40m)(40m)(50m)(50m)(60m)(60m)(70m)(70m)(80m)(80m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 16.3 M
Depreciation & Amortization 51.9 M
Capital Expenditures -58.2 M
Stock-Based Compensation 0
Change in Working Capital -53.4 M
Others -70.8 M
Free Cash Flow -8.5 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Kratos Defense & Security Solutions, Inc.
image
Wall Street analysts predict an average 1-year price target for KTOS of $38.8 , with forecasts ranging from a low of $26 to a high of $54 .
KTOS Lowest Price Target Wall Street Target
26 USD -41.78%
KTOS Average Price Target Wall Street Target
38.8 USD -13.12%
KTOS Highest Price Target Wall Street Target
54 USD 20.91%
Price
Max Price Target
Min Price Target
Average Price Target
555550504545404035353030252520201515Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 6
6. Ownership
Insider Ownership Kratos Defense & Security Solutions, Inc.
image
Sold
0-3 MONTHS
5.51 M USD 10
3-6 MONTHS
3.78 M USD 8
6-9 MONTHS
2.61 M USD 8
9-12 MONTHS
2.15 M USD 8
Bought
250 K USD 1
0-3 MONTHS
250 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
500 K USD 1
9-12 MONTHS
7. News
2 Under the Radar Space & Defense Stocks With Huge Potential Within the space and defense industry, the world's largest players often dominate the discussion. This includes companies like Lockheed Martin NYSE: LMT and RTX NYSE: RTX. marketbeat.com - 1 week ago
Why Goldman Sachs upgraded this drone stock? Goldman Sachs has upgraded Kratos Defense & Security Solutions (NASDAQ: KTOS), a firm known for its unmanned systems and propulsion technology, to a “Buy” rating from “Neutral.” The investment bank has also set a price target of $52 per share for Kratos, implying an approximate 13% upside from its Friday closing price of $45.84. invezz.com - 1 week ago
Kratos Defense & Security Solutions, Inc. Announces Completion of Public Offering of $575 Million of Common Stock at $38.50 Per Share SAN DIEGO, June 30, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Commercial Markets, today announced that it has completed its previously announced offering of Kratos common stock, raising $575,000,000 in gross proceeds, at a public offering price of $38.50 per share, for a total of 14,935,065 shares of common stock, which includes the exercise of the underwriters option to purchase additional shares. Net proceeds from the offering, after deducting underwriting discounts and commissions and related fees, are approximately $556 million. globenewswire.com - 1 week ago
3 Fast-Growing Stocks Disrupting A Trillion-Dollar Industry The U.S. defense industry is unmatched, backed by nearly $1 trillion in annual spending, supporting my long-standing investment in dividend-paying giants. A new wave of disruptors is shaking things up, blending AI and autonomy to chase growth, but sky-high valuations demand caution and realism. I prefer reliable incumbents, but I'm closely tracking promising innovators, because in this evolving battlefield, both camps may win big. seekingalpha.com - 1 week ago
Defense Stock Slips on $500 Million Stock Offering Shares of Kratos Defense and Security Solutions Inc (NASDAQ:KTOS) are down 2.6% at $41.25 at last glance, after the company announced the sale of $500 million in stock. schaeffersresearch.com - 2 weeks ago
Altimmune, Bit Digital, Kratos Defense & Security Solutions And Other Big Stocks Moving Lower In Thursday's Pre-Market Session U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Thursday. benzinga.com - 2 weeks ago
Kratos Defense & Security Solutions, Inc. Prices Public Offering of Common Stock SAN DIEGO, June 25, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Commercial Markets, today announced the pricing of an underwritten offering of 12,987,013 shares of its common stock at a public offering price of $38.50 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $483,750,000. Kratos has also granted the underwriters a 30-day option to purchase up to an additional 1,948,052 shares of common stock. All of the shares in the offering are to be sold by Kratos. The offering is expected to close on June 27, 2025, subject to customary closing conditions. globenewswire.com - 2 weeks ago
Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering Of Common Stock SAN DIEGO, June 25, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Commercial Markets, today announced that it intends to offer for sale $500,000,000 of shares of its common stock in an underwritten offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriters will have a 30-day option to purchase up to an additional $75,000,000 of shares of common stock from Kratos. All of the shares in the offering are to be sold by Kratos. The proposed offering is subject to market and other conditions. globenewswire.com - 2 weeks ago
Kratos: Hypersonic Momentum Meets Market Opportunity Kratos is strategically positioned in high-growth defense niches, benefiting from global conflict-driven demand and DoD priorities in hypersonics and unmanned systems. Consistent double-digit revenue growth, a record $1.45B MACH-TB contract, and expanding production capacity support a robust long-term outlook. Margin pressure and high valuation are near-term concerns, but margin recovery is expected as legacy contracts roll off and scale improves. seekingalpha.com - 2 weeks ago
Axon Enterprise vs. Kratos: Which Defense & Security Stock has Greater Upside? KTOS lands billion-dollar hypersonics deal as AXON rides TASER and body cam growth, but rising costs cloud its outlook. zacks.com - 2 weeks ago
Kratos Expands U.S. Jet Engine Production Footprint with New Advanced Manufacturing Facility, Test Cells in Bristow, Oklahoma New 50,000-Square-Foot Facility, Located on 20 acres, is Expected to Expand to 100,000 Square Feet and House up to Five GEK Engine Production Lines globenewswire.com - 3 weeks ago
Kratos' Aegis Readiness Assessment Vehicle Type B (ARAV-B) Medium-Range Ballistic Missile Target Successfully Engaged, Intercepted by U.S. Guided Missile Destroyers USS Bulkeley (DDG-84) and USS Thomas Hudner (DDG-116) Using Standard Missile 3 (SM-3) SAN DIEGO, June 12, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced its participation in NATO's At-Sea Demonstration (ASD)/Formidable Shield (FS) 25. This extensive live-fire exercise, the largest of its kind in the European theater, is hosted biennially by the U.S. 6th Fleet and executed by Naval Striking and Support Forces NATO. globenewswire.com - 4 weeks ago
8. Profile Summary

Kratos Defense & Security Solutions, Inc. KTOS

image
COUNTRY US
INDUSTRY Aerospace & Defense
MARKET CAP $ 6.85 B
Dividend Yield 0.00%
Description Kratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.
Contact 10680 Treena Street, San Diego, CA, 92131 https://www.kratosdefense.com
IPO Date Nov. 5, 1999
Employees 4000
Officers Mr. Eric M. DeMarco Chief Executive Officer, President & Director Ms. Marie C. Mendoza Senior Vice President, General Counsel & Secretary Mr. Steven S. Fendley President of Unmanned Systems Division Mr. Thomas E. Mills IV President of C5ISR Systems Division Mr. Kevin Walden Chief Information Officer Mr. Phillip Carrai President of Space, Training & Cyber Solutions Division Mr. Yonah Adelman President of Microwave Electronics Division Ms. Maria Cervantes de Burgreen Vice President, Corporate Controller & Principal Accounting Officer Mr. Benjamin Goodwin Senior Vice President of Corporate Development & Government Affairs Mr. David Carter President of Defense & Rocket Support Services Division