Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc., a technology company, provides technology, products, and system and software for the defense, national security, and commercial markets in the United States, other North America, the Asia Pacific, the Middle East, Europe, and Internationally. The company operates in two segments, Kratos Government Solutions and Unmanned Systems. It offers ground systems … Read more
Kratos Defense & Security Solutions (KTOS) - Net Assets
Latest net assets as of September 2025: $1.98 Billion USD
Based on the latest financial reports, Kratos Defense & Security Solutions (KTOS) has net assets worth $1.98 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.42 Billion) and total liabilities ($441.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.98 Billion |
| % of Total Assets | 81.77% |
| Annual Growth Rate | 19.12% |
| 5-Year Change | 43.94% |
| 10-Year Change | 432.34% |
| Growth Volatility | 153.48 |
Kratos Defense & Security Solutions - Net Assets Trend (1998–2024)
This chart illustrates how Kratos Defense & Security Solutions's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kratos Defense & Security Solutions (1998–2024)
The table below shows the annual net assets of Kratos Defense & Security Solutions from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.35 Billion | +35.52% |
| 2023-12-31 | $998.50 Million | +5.38% |
| 2022-12-31 | $947.50 Million | -1.33% |
| 2021-12-31 | $960.30 Million | +2.15% |
| 2020-12-31 | $940.10 Million | +59.58% |
| 2019-12-31 | $589.10 Million | +13.44% |
| 2018-12-31 | $519.30 Million | +1.52% |
| 2017-12-31 | $511.50 Million | +85.06% |
| 2016-12-31 | $276.40 Million | +8.73% |
| 2015-12-31 | $254.20 Million | +13.33% |
| 2014-12-31 | $224.30 Million | -24.17% |
| 2013-12-31 | $295.80 Million | -8.73% |
| 2012-12-31 | $324.10 Million | +3.68% |
| 2011-12-31 | $312.60 Million | +83.99% |
| 2010-12-31 | $169.90 Million | +526.09% |
| 2009-12-31 | $27.14 Million | -81.53% |
| 2008-12-31 | $146.90 Million | -12.14% |
| 2007-12-31 | $167.20 Million | -10.64% |
| 2006-12-31 | $187.10 Million | -18.76% |
| 2005-12-31 | $230.30 Million | +4.21% |
| 2004-12-31 | $221.00 Million | -8.79% |
| 2003-12-31 | $242.30 Million | +32.26% |
| 2002-12-31 | $183.20 Million | -7.47% |
| 2001-12-31 | $198.00 Million | -0.35% |
| 2000-12-31 | $198.70 Million | +95.23% |
| 1999-12-31 | $101.78 Million | +611.72% |
| 1998-12-31 | $14.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kratos Defense & Security Solutions's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 41593.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $200.00K | 0.01% |
| Other Comprehensive Income | $-500.00K | -0.04% |
| Other Components | $2.02 Billion | 149.08% |
| Total Equity | $1.35 Billion | 100.00% |
Kratos Defense & Security Solutions Competitors by Market Cap
The table below lists competitors of Kratos Defense & Security Solutions ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EchoStar Corporation
NASDAQ:SATS
|
$15.18 Billion |
|
Aptiv PLC
NYSE:APTV
|
$15.18 Billion |
|
Brookdale Senior Living Inc
NYSE:BKDT
|
$15.19 Billion |
|
Rogers Communications Inc
NYSE:RCI
|
$15.19 Billion |
|
Jacobs Engineering Group Inc.
LSE:0JOI
|
$15.15 Billion |
|
Canadian Pacific Kansas City Limited
SA:CPRL34
|
$15.15 Billion |
|
Equinor ASA
PINK:STOHF
|
$15.14 Billion |
|
McCormick & Company Incorporated
NYSE:MKC-V
|
$15.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kratos Defense & Security Solutions's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 976,000,000 to 1,353,200,000, a change of 377,200,000 (38.6%).
- Net income of 16,300,000 contributed positively to equity growth.
- New share issuances of 330,700,000 increased equity.
- Other comprehensive income decreased equity by 2,200,000.
- Other factors increased equity by 32,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.30 Million | +1.2% |
| Share Issuances | $330.70 Million | +24.44% |
| Other Comprehensive Income | $-2.20 Million | -0.16% |
| Other Changes | $32.40 Million | +2.39% |
| Total Change | $- | 38.65% |
Book Value vs Market Value Analysis
This analysis compares Kratos Defense & Security Solutions's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.49x to 10.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $4.65 | $95.31 | x |
| 1999-12-31 | $28.82 | $95.31 | x |
| 2000-12-31 | $39.33 | $95.31 | x |
| 2001-12-31 | $43.09 | $95.31 | x |
| 2002-12-31 | $38.02 | $95.31 | x |
| 2003-12-31 | $35.38 | $95.31 | x |
| 2004-12-31 | $32.60 | $95.31 | x |
| 2005-12-31 | $30.71 | $95.31 | x |
| 2006-12-31 | $25.46 | $95.31 | x |
| 2007-12-31 | $22.59 | $95.31 | x |
| 2008-12-31 | $15.80 | $95.31 | x |
| 2009-12-31 | $1.95 | $95.31 | x |
| 2010-12-31 | $10.05 | $95.31 | x |
| 2011-12-31 | $11.41 | $95.31 | x |
| 2012-12-31 | $6.91 | $95.31 | x |
| 2013-12-31 | $5.21 | $95.31 | x |
| 2014-12-31 | $3.89 | $95.31 | x |
| 2015-12-31 | $4.33 | $95.31 | x |
| 2016-12-31 | $4.51 | $95.31 | x |
| 2017-12-31 | $5.72 | $95.31 | x |
| 2018-12-31 | $4.89 | $95.31 | x |
| 2019-12-31 | $5.26 | $95.31 | x |
| 2020-12-31 | $7.80 | $95.31 | x |
| 2021-12-31 | $7.38 | $95.31 | x |
| 2022-12-31 | $7.39 | $95.31 | x |
| 2023-12-31 | $7.48 | $95.31 | x |
| 2024-12-31 | $8.97 | $95.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kratos Defense & Security Solutions utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.43%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.44x
- Recent ROE (1.20%) is above the historical average (-7.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 32.87% | 9.06% | 0.86x | 4.22x | $3.27 Million |
| 1999 | 9.47% | 10.36% | 0.69x | 1.33x | $-537.43K |
| 2000 | 16.01% | 12.43% | 0.86x | 1.50x | $11.94 Million |
| 2001 | -30.38% | -29.01% | 0.75x | 1.39x | $-79.88 Million |
| 2002 | -34.94% | -34.17% | 0.80x | 1.28x | $-82.19 Million |
| 2003 | 9.71% | 8.96% | 0.87x | 1.24x | $-700.00K |
| 2004 | 2.27% | 1.26% | 1.20x | 1.50x | $-17.07 Million |
| 2005 | 1.61% | 0.99% | 1.12x | 1.46x | $-19.33 Million |
| 2006 | -30.95% | -17.66% | 0.98x | 1.80x | $-76.61 Million |
| 2007 | -24.40% | -21.07% | 0.58x | 2.01x | $-57.52 Million |
| 2008 | -75.63% | -37.37% | 0.95x | 2.13x | $-125.79 Million |
| 2009 | 26.43% | 4.88% | 1.89x | 2.86x | $4.46 Million |
| 2010 | 8.53% | 3.55% | 0.76x | 3.16x | $-2.49 Million |
| 2011 | -7.74% | -3.35% | 0.59x | 3.89x | $-55.46 Million |
| 2012 | -35.30% | -11.80% | 0.75x | 3.96x | $-146.81 Million |
| 2013 | -12.58% | -3.91% | 0.78x | 4.11x | $-66.78 Million |
| 2014 | -34.77% | -8.99% | 0.76x | 5.08x | $-100.43 Million |
| 2015 | 7.79% | 3.01% | 0.73x | 3.55x | $-5.62 Million |
| 2016 | -21.89% | -9.05% | 0.70x | 3.43x | $-88.14 Million |
| 2017 | -8.35% | -5.68% | 0.73x | 2.00x | $-93.85 Million |
| 2018 | -0.67% | -0.57% | 0.61x | 1.95x | $-55.43 Million |
| 2019 | 2.18% | 1.74% | 0.60x | 2.07x | $-44.91 Million |
| 2020 | 8.60% | 10.65% | 0.48x | 1.69x | $-12.93 Million |
| 2021 | -0.21% | -0.25% | 0.51x | 1.68x | $-96.51 Million |
| 2022 | -3.94% | -4.11% | 0.58x | 1.66x | $-130.53 Million |
| 2023 | -0.91% | -0.86% | 0.64x | 1.67x | $-106.50 Million |
| 2024 | 1.20% | 1.43% | 0.58x | 1.44x | $-119.02 Million |
Industry Comparison
This section compares Kratos Defense & Security Solutions's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kratos Defense & Security Solutions (KTOS) | $1.98 Billion | 32.87% | 0.22x | $15.17 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |