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 174.14x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: KTOS stock price at premium vs THRM $47.84 current versus $8.97 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at THRM's multiple
Implied fair value · at KTOS's multiple
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
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: KTOS FY 2025 (ended Dec 28, 2025) · THRM 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 174.14x
Capital structure 87% equity / 13% debt · EV / Revenue 0.85x · EV / EBITDA 13.57x
KTOS carries the larger enterprise value at $8.69B against $1.28B; THRM trades on the lower EV / Revenue multiple (0.85x vs 6.45x); THRM on the lower EV / EBITDA (13.57x vs 174.14x).
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.
Gentherm Inc · implied price per share
Bear
$17.25
Base
$20.46
Bull
$24.63
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
0.26x
Net debt / EBITDA
Leverage against operating earnings
-5.83x
0.30x
Cash and equivalents
Liquid reserves on the balance sheet
$560.60M
$160.83M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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