# Kratos Defense & Security Solutions, Inc. (KTOS) — Stock CV

Kratos Defense & Security Solutions, Inc. is a $7.98B industrial company. Revenue grew 25.5% over the last year, it keeps 2¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 257.3× earnings — in the cheapest third of its own history.

> Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems.

## Identity

- **Ticker**: KTOS
- **Sector**: Industrials
- **Industry**: Guided Missiles & Space Vehicles & Parts
- **Headquarters**: SAN DIEGO, CA
- **Employees**: 4 300
- **Website**: https://www.kratosdefense.com
- **Market cap**: $7.98B
- **Last price**: $42.50
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $1.52B
- **Net income**: $30.9M
- **Free cash flow**: -$129M
- **Net cash**: $561M
- **P/E**: 257.3
- **Revenue growth (YoY)**: 25.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 32 |
| Growth | 45 |
| Profitability | 21 |
| Health | 93 |
| Quality | 46 |
| Moat | 6 |

## Qualifications (beginner checklist) — 5 of 10 passed

- [x] Revenue growing — +25.5% YoY
- [x] Profitable — $30.9M TTM
- [ ] Profit growing — -27.6% YoY
- [ ] Generates cash — -$129M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $7.98B market cap
- [ ] Not printing shares — +39.2% shares over ~5y
- [ ] Proven track record — 4/10 profitable years
- [x] Financially stable — Altman Z 7.7 — safe
- [ ] Valuation not extreme — P/E 257.3

## Experience (career milestones)

- **FY2023** — Revenue crossed $1B: $1.04B for the year
- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2020** — Best year on record: $79.6M net income
- **FY2019** — Turned profitable: $12.5M net income after a loss year

## Strengths

- Revenue growing 25.5% year over year
- Net cash position after subtracting debt from cash
- Interest covered 9.8× by operating earnings
- Altman Z-Score 7.67 — low bankruptcy-risk zone

## Watch-outs

- Negative free cash flow (-$128.9M)
- Loss-making in 6 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $812M | -$2.00M | -$11.2M |
| FY2022 | $898M | -$36.9M | -$71.0M |
| FY2023 | $1.04B | -$8.90M | $12.8M |
| FY2024 | $1.14B | $16.3M | -$8.50M |
| FY2025 | $1.35B | $22.0M | -$137M |

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Source: https://stockcv.com/KTOS — derived from company filings; may be delayed or incomplete. Information, not investment advice.