Kratos Defense & Security Solutions Net Assets
Kratos Defense & Security Solutions net assets. Based on the latest financial reports, Kratos Defense & Security Solutions (KTOS) has net assets worth $3.43 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.09 Billion) and total liabilities ($663.00 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. Also explore KTOS year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.43 Billion |
| % of Total Assets | 83.79% |
| Annual Growth Rate | 20.07% |
| 5-Year Change | 107.88% |
| 10-Year Change | 622.25% |
| Growth Volatility | 150.62 |
Net Assets of Kratos Defense & Security Solutions (1998–2025)
Net assets of Kratos Defense & Security Solutions from 1998 to 2025. This chart illustrates how Kratos Defense & Security Solutions's net assets have evolved over time, based on quarterly financial data. See KTOS net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Kratos Defense & Security Solutions (1998–2025)
The table below shows the annual net assets of Kratos Defense & Security Solutions from 1998 to 2025. For live market cap and overall valuation, see market value of Kratos Defense & Security Solutions.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.00 Billion | +47.52% |
| 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 40218.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Kratos Defense & Security Solutions Net Assets Breakdown (December 2025)
Kratos Defense & Security Solutions net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $200.00K | 0.01% |
| Other Comprehensive Income | $2.10 Million | 0.11% |
| Other Components | $2.64 Billion | 132.04% |
| Total Equity | $2.00 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 |
|---|---|
|
Enlight Renewable Energy Ltd
TA:ENLT
|
$7.70 Billion |
|
KT Corporation
KO:030200
|
$7.70 Billion |
|
Autoliv Inc.
F:LIV
|
$7.71 Billion |
|
Beacon Roofing Supply Inc
NASDAQ:BECN
|
$7.72 Billion |
|
MITSU.CH.GRP ADR/5
F:M3C0
|
$7.69 Billion |
|
SHIMANO INC. UNSP.ADR/10
F:SHM1
|
$7.68 Billion |
|
Corporacion Acciona Energias Renovables SA
MC:ANE
|
$7.68 Billion |
|
Tetra Tech Inc
NASDAQ:TTEK
|
$7.68 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 2024 to 2025, total equity changed from 1,353,200,000 to 1,996,300,000, a change of 643,100,000 (47.5%).
- Net income of 22,000,000 contributed positively to equity growth.
- New share issuances of 555,900,000 increased equity.
- Other comprehensive income increased equity by 2,600,000.
- Other factors increased equity by 62,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.00 Million | +1.1% |
| Share Issuances | $555.90 Million | +27.85% |
| Other Comprehensive Income | $2.60 Million | +0.13% |
| Other Changes | $62.60 Million | +3.14% |
| Total Change | $- | 47.52% |
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: 3.55x
- 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 8.81x to 3.55x 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 | $40.99 | x |
| 1999-12-31 | $28.82 | $40.99 | x |
| 2000-12-31 | $39.33 | $40.99 | x |
| 2001-12-31 | $43.09 | $40.99 | x |
| 2002-12-31 | $38.02 | $40.99 | x |
| 2003-12-31 | $35.38 | $40.99 | x |
| 2004-12-31 | $32.60 | $40.99 | x |
| 2005-12-31 | $30.71 | $40.99 | x |
| 2006-12-31 | $25.46 | $40.99 | x |
| 2007-12-31 | $22.59 | $40.99 | x |
| 2008-12-31 | $15.80 | $40.99 | x |
| 2009-12-31 | $1.95 | $40.99 | x |
| 2010-12-31 | $10.05 | $40.99 | x |
| 2011-12-31 | $11.41 | $40.99 | x |
| 2012-12-31 | $6.91 | $40.99 | x |
| 2013-12-31 | $5.21 | $40.99 | x |
| 2014-12-31 | $3.89 | $40.99 | x |
| 2015-12-31 | $4.33 | $40.99 | x |
| 2016-12-31 | $4.51 | $40.99 | x |
| 2017-12-31 | $5.72 | $40.99 | x |
| 2018-12-31 | $4.89 | $40.99 | x |
| 2019-12-31 | $5.39 | $40.99 | x |
| 2020-12-31 | $7.80 | $40.99 | x |
| 2021-12-31 | $7.38 | $40.99 | x |
| 2022-12-31 | $7.39 | $40.99 | x |
| 2023-12-31 | $7.48 | $40.99 | x |
| 2024-12-31 | $8.97 | $40.99 | x |
| 2025-12-31 | $11.54 | $40.99 | 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): 1.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.63%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.24x
- Recent ROE (1.10%) is above the historical average (-6.96%), 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 | 2.12% | 1.74% | 0.60x | 2.01x | $-46.41 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 |
| 2025 | 1.10% | 1.63% | 0.55x | 1.24x | $-177.63 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: $1,393,749,209
- Average return on equity (ROE) among peers: -4.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kratos Defense & Security Solutions (KTOS) | $3.43 Billion | 32.87% | 0.19x | $7.69 Billion |
| Archer Aviation Inc (ACHR) | $367.10 Million | -124.73% | 0.51x | $3.18 Billion |
| AAR Corp (AIR) | $936.30 Million | 1.67% | 0.63x | $4.37 Billion |
| Air Industries Group (AIRI) | $28.27 Million | 2.36% | 1.33x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $151.09 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $4.69 Billion |
| Astronics Corporation (ATRO) | $6.40 Million | 6.25% | 2.86x | $1.94 Billion |
| AeroVironment Inc (AVAV) | $5.36 Million | 10.09% | 1.68x | $6.25 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $673.69 Million |
| Axon Enterprise Inc. (AXON) | $129.11 Million | 15.43% | 0.44x | $33.84 Billion |
| The Boeing Company (BA) | $9.00 Billion | 45.25% | 5.55x | $136.62 Billion |
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc., a technology company, provides technology, hardware, products, 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 through Kratos Government Solutions and Unmanned Systems segments. It offers virtuali… Read more