/
Kratos is a technology, hardware, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field relevant solutions that address our customers mission critical needs and requirements.
Operating margin is thin at 1.90%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 18.5%, still solid.
Negative free cash flow of -$137M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$1.42B
▲ +18.5% YoY
Net Income (TTM)
$29M
▲ +35.0% YoY
Op. Margin
1.67%
▼ -0.7pp YoY
ROIC
0.58%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$133M
▼ -1516.5% YoY
Op. Cash Flow (TTM)
-$40M
▼ -184.7% YoY
Net Debt
-$1.28B
Net Cash Position
Cash & Equiv.
$1.46B
5Y CAGR: +12.5%
Continue Research