Kratos Defense & Security Solutions, Inc.
$8.69B- Market cap
- $8.98B
- Debt
- +$269.50M
- Cash
- −$560.60M
Capital structure 97% equity / 3% debt · EV / Revenue 6.45x · EV / EBITDA 174.06x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: KTOS stock price vs FMC: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FMC's multiple
Needs FMC P/E.
Implied fair value · at KTOS's multiple
Needs EPS (TTM) is negative, KTOS P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: KTOS FY 2025 (ended Dec 28, 2025) · FMC FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 97% equity / 3% debt · EV / Revenue 6.45x · EV / EBITDA 174.06x
Capital structure 26% equity / 74% debt · EV / Revenue 1.64x
KTOS carries the larger enterprise value at $8.69B against $5.70B; FMC trades on the lower EV / Revenue multiple (1.64x vs 6.45x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
FMC CORPORATION · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.13x
2.25x
Net debt / EBITDA
Leverage against operating earnings
-5.83x
-2.63x
Cash and equivalents
Liquid reserves on the balance sheet
$560.60M
$584.50M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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