Kratos Defense & Security Solutions, Inc. (KTOS) Stock Price & Analysis
Kratos Defense & Security Solutions, Inc. (KTOS) closed at USD 38.27 on Thursday, October 22, 2026, down 1.21% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 38.74; the Oct 22, 2026 session ranged USD 37.4–39.96 on volume of 4,195,232 shares. Market capitalization is $7.18B, with a 52-week range of USD 37.4–134 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KTOS.md
Key facts (KTOS)
- Last four reported quarters (through Jun 28, 2026): revenue $1.52B, net income $30.9M (2.0% margin), free cash flow -$129M (SEC filings).
- Insider open-market sales, last ~7 months: 38 Form 4 filings, $34.0M; 5 not under a Rule 10b5-1 plan ($4.8M); 4 by opportunistic insiders (1 outside 10b5-1 plans), 24 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -57.1% vs S&P 500 +14.9%; 5Y +70.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.2, revenue estimate $470M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KTOS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $812M | $898M | $1.04B | $1.14B | $1.35B | $1.52B |
| Gross profit | $225M | $226M | $269M | $287M | $308M | — |
| Operating income | $27.9M | -$2.9M | $31.1M | $29.0M | $25.6M | $18.4M |
| Net income | -$2.0M | -$36.9M | -$8.9M | $16.3M | $22.0M | $30.9M |
| EPS (diluted) | -$0.02 | -$0.29 | -$0.07 | $0.11 | $0.13 | — |
| Free cash flow | -$11.2M | -$71.1M | $12.8M | -$8.5M | -$137M | -$129M |
| Gross margin | 27.7% | 25.2% | 25.9% | 25.3% | 22.9% | — |
| Operating margin | 3.4% | -0.3% | 3.0% | 2.6% | 1.9% | 1.2% |
| Net margin | -0.2% | -4.1% | -0.9% | 1.4% | 1.6% | 2.0% |
| Revenue growth | +8.5% | +10.7% | +15.5% | +9.6% | +18.5% | — |
| Cash + short-term investments | $349M | $81.3M | $72.8M | $329M | $561M | — |
| Total debt | $297M | $250M | $219M | $175M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 28, 2026) (KTOS)
P/E at fiscal year-ends: Dec 2025 570.0x, Dec 2024 244.2x.
Insider sales (SEC Form 4, open-market, last ~7 months) (KTOS)
33 of 38 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Carrai Phillip D | President, STC Division | 6,500 | $259K | 2.9% | Yes (adopted August 26, 2025) | Routine (sold in Aug & Sep & Oct & Nov & Dec each year 2023–2025) |
| 2026-09-21 | Lund Deanna H | EVP & CFO | 7,000 | $341K | 2.5% | Yes (adopted June 13, 2026) | Routine (sold in Jun & Dec each year 2023–2025; this trade is outside those months) |
| 2026-09-15 | Mendoza Marie | SVP & General Counsel | 1,000 | $49K | 1.6% | Yes (adopted March 17, 2025) | Routine (sold in Jun & Aug & Sep & Oct & Nov each year 2023–2025) |
| 2026-09-15 | Carrai Phillip D | President, STC Division | 6,500 | $311K | 2.8% | Yes (adopted August 26, 2025) | Routine (sold in Aug & Sep & Oct & Nov & Dec each year 2023–2025) |
| 2026-08-24 | Fendley Steven S. | President, US Division | 7,000 | $393K | 2.4% | Yes (adopted May 12, 2025) | Routine (sold in Jun & Aug & Oct & Nov & Dec each year 2023–2025) |
| 2026-08-18 | Jarvis Scot B | Director | 10,000 | $635K | 13.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17 | Carrai Phillip D | President, STC Division | 26,500 | $1.7M | 10.4% | Yes (adopted August 26, 2025) | Routine (sold in Aug & Sep & Oct & Nov & Dec each year 2023–2025) |
| 2026-08-17 | Mendoza Marie | SVP & General Counsel | 1,513 | $97K | 2.4% | Yes (adopted March 17, 2025) | Routine (sold in Jun & Aug & Sep & Oct & Nov each year 2023–2025) |
| 2026-08-14 | Demarco Eric M | President & CEO | 300,000 | $19.3M | 26.7% | Yes (adopted March 6, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-05 | Carter David M | President, DRSS Division | 4,000 | $224K | 6% | Yes (adopted June 13, 2025) | Too little history (no open-market trades in 2023) |
| 2026-08-03 | Lund Deanna H | EVP & CFO | 5,000 | $243K | 1.8% | Yes (adopted May 20, 2025) | Routine (sold in Jun & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-27 | Fendley Steven S. | President, US Division | 7,000 | $330K | 2.3% | Yes (adopted May 12, 2025) | Routine (sold in Jun & Aug & Oct & Nov & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-15 | Mendoza Marie | SVP & General Counsel | 1,013 | $52K | 1.6% | Yes (adopted March 17, 2025) | Routine (sold in Jun & Aug & Sep & Oct & Nov each year 2023–2025; this trade is outside those months) |
| 2026-07-15 | Carrai Phillip D | President, STC Division | 6,500 | $329K | 2.5% | Yes (adopted August 26, 2025) | Routine (sold in Aug & Sep & Oct & Nov & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-08 | Carter David M | President, DRSS Division | 4,000 | $202K | 5.7% | Yes (adopted June 13, 2025) | Too little history (no open-market trades in 2023) |
| 2026-07-01 | Lund Deanna H | EVP & CFO | 5,000 | $264K | 1.7% | Yes (adopted May 20, 2025) | Routine (sold in Jun & Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-30 | Rock Stacey G | President, KTT Division | 4,675 | $234K | 32.7% | Yes (adopted June 16, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-29 | Fendley Steven S. | President, US Division | 7,000 | $339K | 2.3% | Yes (adopted May 12, 2025) | Routine (sold in Jun & Aug & Oct & Nov & Dec each year 2023–2025) |
| 2026-06-15 | Mendoza Marie | SVP & General Counsel | 1,500 | $87K | 2.3% | Yes (adopted March 17, 2025) | Routine (sold in Jun & Aug & Sep & Oct & Nov each year 2023–2025) |
| 2026-06-15 | Carrai Phillip D | President, STC Division | 6,500 | $375K | 2.4% | Yes (adopted August 26, 2025) | Routine (sold in Aug & Sep & Oct & Nov & Dec each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (KTOS)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Oppenheimer | Initiated | Outperform | $50 |
| 2026-10-19 | Citizens | Target lowered | Market Outperform | $105 → $70 |
| 2026-10-16 | Macquarie | Initiated | Outperform | $70 |
| 2026-10-12 | Goldman Sachs | Target lowered | Buy | $88 → $77 |
| 2026-10-09 | Barclays | Initiated | Overweight | $90 |
| 2026-10-06 | Rothschild & Co | Initiated | Buy | $70 |
| 2026-10-01 | Jefferies | Target lowered | Buy | $80 → $68 |
| 2026-09-15 | Guggenheim | Initiated | Buy | $74 |
| 2026-08-13 | Truist Securities | Target lowered | Buy | $135 → $104 |
| 2026-08-06 | Canaccord Genuity | Target raised | Buy | $130 → $135 |
| 2026-08-06 | Stifel | Target lowered | Buy | $134 → $115 |
| 2026-08-05 | BTIG | Target raised | Buy | $100 → $104 |
Total return (dividends reinvested) (KTOS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -57.1% | +70.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -57.3% | +11.2% |
| Volatility (annualized) | 69.9% | 51.8% |
| Max drawdown | -70.7% (Jan 2026→Oct 2026) | -70.7% (Jan 2026→Oct 2026) |
KTOS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.20 | $0.20 | -0.1% | $470.1M | 19 |
| Next quarter (ends Dec 2026) | $0.25 | $0.25 | -1.5% | $494.7M | 19 |
| Current fiscal year (ends Dec 2026) | $0.82 | $0.78 | +5.8% | $1.79B | 22 |
| Next fiscal year (ends Dec 2027) | $1.13 | $1.09 | +3.6% | $2.22B | 23 |
Key Statistics (as of October 23, 2026 at 09:28 UTC)
| Price | USD 38.27 |
|---|---|
| Change | ▼ 1.21% (down) |
| Previous Close | USD 38.74 |
| Open | USD 38.38 |
| Day Range | USD 37.4 – 39.96 |
| 52-Week Range | USD 37.4 – 134 |
| Volume | 4,195,232 shares |
| Market Cap | $7.18B |
| Exchange | NMS |
Technical Analysis (KTOS)
Nexqual's technical model rates KTOS "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:28 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 28.37 (oversold) |
| vs SMA50 | Below (USD 47.62) |
| MACD | -2.35 (negative) |
Earnings (KTOS)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.2 |
| Revenue Estimate | $470.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.21 vs est 0.15 ▲ beat |
| 2026-03-31 | USD 0.16 vs est 0.13 ▲ beat |
| 2025-12-31 | USD 0.18 vs est 0.15 ▲ beat |
| 2025-09-30 | USD 0.14 vs est 0.12 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financials & Fundamentals (KTOS)
| Total Revenue | $1.52B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +30.50% |
| Gross Margin | +23.00% |
| Operating Margin | -0.17% |
| Profit Margin | +2.03% |
| ROE | +1.15% |
| Debt / Equity | 0.06 |
| Current Ratio | 5.54 |
| Total Cash | $1.44B |
| Total Debt | $193.60M |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Ownership (KTOS)
| Insider Ownership | +1.28% |
|---|---|
| Institutional Ownership | +85.67% |
| Shares Outstanding | 187.72M |
| Float | 185.26M |
| Short % of Float | +6.00% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Leadership (KTOS)
Kratos Defense & Security Solutions, Inc. is led by Eric M. DeMarco, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:28 UTC.
| CEO, President & Director | Eric M. DeMarco |
|---|---|
| Executive VP, CFO & Director | Deanna Hom Lund |
| President of Space, Training & Cyber Solutions Division | Phillip Carrai |
| President of Unmanned Systems Division | Steven S. Fendley |
| President of Kratos Turbine Technologies Division | Stacey G. Rock |
Major Backers & Investors (KTOS)
Notable institutional backers of Kratos Defense & Security Solutions, Inc. include First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc, First Trust Advisors LP, ARK Invest, according to Nexqual as of October 23, 2026 at 09:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc | 3.49% |
| First Trust Advisors LP | 3.2% |
| ARK Invest | 2.49% |
| Invesco | 2.18% |
| Hood River Capital Management LLC | 1.67% |
| Van Eck Associates Corporation | 1.59% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.8% |
| Vanguard Group | 8.75% |
| State Street | 4.83% |
| Geode Capital | 1.98% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SARO | StandardAero, Inc. | USD 21.72 | ▲ 1.26% |
| CAE | CAE Inc | USD 25.02 | ▲ 2.08% |
| DRS | Leonardo DRS, Inc. | USD 34.3 | ▲ 1.06% |
| MOG-A | Moog Inc. | USD 341.71 | ▼ 6.96% |
| HII | Huntington Ingalls Industries, | USD 278.86 | ▲ 1.79% |
| BWXT | BWX Technologies, Inc. | USD 127.3 | ▼ 5.78% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:28 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt