Kratos Defense & Security Solutions, Inc. (KTOS)财务
NASDAQ · Industrials · Aerospace & Defense · 员工4,300人 · CEO Eric DeMarco
- 股价
- $41.09 -5.74%
- 市值
- $77.1亿
- 企业价值
- $64.7亿
- 最近财报
- Q2 '26 2026-08-04提交
- 下次财报
- 2026-11-05 EPS预期 $0.21
营收(TTM)$15.2亿+25.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)1.5%-0.1 百分点 对比去年同期营业利润 $2350万
净利润(TTM)$3090万+113.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$1.29亿-110.6% 对比去年同期资本支出 $8930万
稀释EPS(TTM)$0.17+70.4% 对比去年同期最近4个季度之和
净现金$12.4亿+146.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $77.1亿 EV $64.7亿
- 营收
- $15.2亿 过去12个月
- 营收增速
- +33% FY2026年一致预期
- 净利润率
- 2.0% 净利润 / 营收,TTM
- P/E
- 239.0× 预期 48.8×(FY2026)
- P/S
- 5.1× 股价 / 营收,TTM
- EV / EBITDA
- 54.5× TTM
- 自由现金流
- -$1.29亿 过去12个月
- 净利润
- $3090万 过去12个月
- 营收预期
- $17.9亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $4.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收超预期11.8%,EPS 超预期51.3%营收$4.59亿,预期$4.1亿(+11.8%);EPS $0.21,预期$0.14(+51.3%)。
- 营收增长加速:同比30.5%Q2 '26营收$4.59亿,此前四个季度的平均值为21.9%。
- 营业利润率1.5%(TTM),较去年同期-0.1 百分点营收增长25.5%,营业利润增长18.7%。
- 税前利润的42.4%来自营业外收益税前利润$4080万,营业利润$2350万(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的5.9%(去年为5.9%)最近4个季度投入$8930万(同比+24.0%)。自由现金流-$1.29亿,相当于净利润的-417.2%。
- 稀释股数一年内增加20.8%Q2 '26稀释股数1.9亿,一年前为1.57亿。
- 净现金 $12.4亿现金 + 短期投资 $14.4亿,含租赁债务 $1.94亿;一年前净现金 $5.04亿。
- Kratos Government Solutions:营收+36.4%,利润率3.8%(此前为4.5%)Q2 '26增长最快的披露分部:营收$3.8亿,营业利润$1430万(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-06-28的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $4.59亿 | $3.52亿 | +30.5% |
| 毛利率 | 21.8% | 21.0% | +0.8 百分点 |
| 营业利润 | -$160万 | $370万 | -143.2% |
| 营业利润率 | -0.3% | 1.1% | -1.4 百分点 |
| 净利润 | $440万 | $290万 | +51.7% |
| 稀释EPS | $0.02 | $0.02 | 0.0% |
| 经营现金流 | -$990万 | -$1170万 | +15.4% |
| 资本支出 | $1720万 | $2050万 | -16.1% |
| 自由现金流 | -$2710万 | -$3220万 | +15.8% |
| R&D | $1360万 | $1020万 | +33.3% |
| 股权激励费用 | $3130万 | $860万 | +264.0% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $4.59亿 | $4.1亿 | +11.8% |
| EPS(一致预期口径) | $0.21 | $0.14 | +51.3% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Product | $2.89亿 | +33.5% | 63.0% | $9.87亿 | +2.9% | |
| Service | $1.7亿 | +25.8% | 37.0% | $5.35亿 | -3.4% |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $3.6亿 | +25.2% | 78.6% | $11.9亿 | – | |
| Europe | $2730万 | +60.6% | 6.0% | $9130万 | – | |
| Middle East | $3360万 | +184.7% | 7.3% | $1.01亿 | – | |
| Asia Pacific | $2670万 | +16.6% | 5.8% | $7260万 | – | |
| Other Countries | $170万 | -80.2% | 0.4% | $4460万 | – | |
| Other North America | $910万 | +167.6% | 2.0% | $2820万 | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Kratos Government Solutions | $3.8亿 | +36.4% | $1430万 | +13.5% | 3.8% | 4.5% | $6560万 |
| Kratos Unmanned Systems | $7910万 | +8.1% | – | – | – | – | – |
| Corporate (unallocated) | – | – | – | – | – | – | – |
| Unmanned Systems Segment | – | – | $120万 | +500.0% | – | – | $710万 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$3960万
- 资本支出
- -$8930万
- 股票回购
- -$170万
- 股息
- $0
- 收购
- -$3.47亿
- 债务净发行
- -$1.83亿
- 股权激励费用
- $1400万
- 自由现金流
- -$1.29亿
- 股东回报 / FCF
- -1.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 239.0× | 418.5× 5年中的2年 | 241.1× – 595.9× |
| EV / EBITDA | 54.5× | 60.1× | 37.3× – 124.6× |
| EV / 营收 | 4.2× | 4.1× | 1.7× – 9.6× |
| 股价 / FCF | -59.8× | 206.7× 5年中的1年 | 206.7× – 206.7× |
| 股价 / 净资产 | 2.3× | 3.3× | 1.4× – 6.7× |
| FCF收益率 | -1.7% | -1.4% | -5.4% – 0.5% |
| 投入资本回报率 | 0.5% | 0.5% | -0.2% – 1.1% |
| 净资产收益率 | 1.1% | -0.6% | -3.9% – 1.2% |
分析师
一致目标价 $87.82 (+113.7%)
区间 $50.00 – $135.00 · 评级 Buy
强烈买入1
买入21
持有3
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $17.9亿 | +32.9% | $0.84 | +547.1% | 48.8× | 15 |
| FY2027 | $22.2亿 | +23.8% | $1.14 | +35.9% | 36.0× | 16 |
| FY2028 | $27.1亿 | +22.1% | $1.47 | +28.2% | 28.0× | 11 |
| FY2029 | $30.8亿 | +13.7% | $1.97 | +34.3% | 20.9× | 4 |
| FY2030 | $35.8亿 | +16.4% | $2.52 | +28.0% | 16.3× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Kratos Defense & Security Solutions, Inc.在近期10-Q / 10-K文件中标记的全部263项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1.05亿 | $9760万 | +7.4% | $6960万 | $8200万 | -15.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.71亿 | $1.42亿 | +20.5% | $1.65亿 | $1.18亿 | +40.4% |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $4.57亿2025-12-28 | $3.24亿 | +41.3% | $4.57亿 | $3.24亿 | +41.3% |
| Accounts Receivable, Allowance for Credit Loss, Current | $100万2025-12-28 | $110万 | -9.1% | $100万 | $110万 | -9.1% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $4.58亿2025-12-28 | $3.25亿 | +41.1% | $4.58亿 | $3.25亿 | +41.1% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $0 | $0 | – |
| Accrued Liabilities, Current | $9590万 | $4840万 | +98.1% | $6050万 | $3880万 | +55.9% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $60万 | $280万 | -78.6% | $210万 | -$50万 | +520.0% |
| Additional Paid in Capital, Common Stock | $40.5亿 | $26.1亿 | +55.0% | $26.4亿 | $20.2亿 | +30.7% |
| Amortization of Deferred Charges | $10万 | $10万 | 0.0% | $50万 | $70万 | -28.6% |
| Amortization of Intangible Assets | $1010万 | $280万 | +260.7% | $960万 | $860万 | +11.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1630万 | $860万 | +89.5% | $3550万 | $2980万 | +19.1% |
| Assets | $40.9亿 | $25.9亿 | +58.2% | $24.7亿 | $19.5亿 | +26.5% |
| Assets, Current | $23.6亿 | $14.3亿 | +64.9% | $12.6亿 | $8.72亿 | +44.8% |
| Business Acquisition, Pro Forma Earnings Per Share, Basic | – | – | – | -$2.312012-12-30 | -$1.15 | -100.9% |
| Business Acquisition, Pro Forma Net Income (Loss) | – | – | – | -$1.3亿2012-12-30 | -$6710万 | -94.3% |
| Business Acquisition, Pro Forma Revenue | – | – | – | $10.2亿2012-12-30 | $10.5亿 | -2.6% |
| Business Combination, Acquisition Related Costs | $80万 | $0 | – | $210万 | $70万 | +200.0% |
| Capital Expenditures Incurred but Not yet Paid | $230万 | -$110万 | +309.1% | $820万 | $880万 | -6.8% |
| Cash and Cash Equivalents, at Carrying Value | $14.4亿 | $7.84亿 | +83.5% | $5.61亿 | $3.29亿 | +70.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $14.4亿 | $7.84亿 | +83.5% | $5.61亿 | $3.29亿 | +70.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2670万 | $5.2亿 | -105.1% | $2.31亿 | $2.57亿 | -9.8% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 2.45亿 | 1.95亿 | +25.6% | 1.95亿 | 1.95亿 | 0.0% |
| Common Stock, Shares, Issued | 1.88亿 | 1.69亿 | +11.3% | 1.69亿 | 1.51亿 | +11.8% |
| Common Stock, Shares, Outstanding | 1.88亿 | 1.69亿 | +11.3% | 1.69亿 | 1.51亿 | +11.8% |
| Common Stock, Value, Issued | $20万 | $20万 | 0.0% | $20万 | $20万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $390万 | $560万 | -30.4% | $2460万 | $1410万 | +74.5% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $2460万 | $1410万 | +74.5% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $4.05亿 | $2.57亿 | +58.0% | $2.92亿 | $2.06亿 | +41.7% |
| Contract with Customer, Liability | $9360万 | $7730万 | +21.1% | $7340万 | $7630万 | -3.8% |
| Contract with Customer, Liability, Current | $9360万 | $7730万 | +21.1% | $7340万 | $7630万 | -3.8% |
| Contract with Customer, Liability, Revenue Recognized | $1700万 | $1580万 | +7.6% | $6470万 | $8580万 | -24.6% |
| Cost of Goods and Services Sold | $3.59亿 | $2.78亿 | +29.2% | $10.4亿 | $8.49亿 | +22.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $580万 | $420万 | +38.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$190万 | $180万 | -205.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $830万 | $710万 | +16.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$50万 | -$20万 | -150.0% |
| Deferred Income Tax Expense (Benefit) | $90万 | $0 | – | $810万 | $440万 | +84.1% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $30万 | -$270万 | +111.1% |
| Deferred Tax Assets, Gross | $1.34亿2025-12-28 | $1.24亿 | +7.7% | $1.34亿 | $1.24亿 | +7.7% |
| Deferred Tax Assets, Net | $5280万2025-12-28 | $5950万 | -11.3% | $5280万 | $5950万 | -11.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.26亿2025-12-28 | $1.17亿 | +8.4% | $1.26亿 | $1.17亿 | +8.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $3000万2025-12-28 | $3330万 | -9.9% | $3000万 | $3330万 | -9.9% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1650万2025-12-28 | $1270万 | +29.9% | $1650万 | $1270万 | +29.9% |
| Deferred Tax Assets, Tax Deferred Expense | $1980万2025-12-28 | $1570万 | +26.1% | $1980万 | $1570万 | +26.1% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $1130万2025-12-28 | $940万 | +20.2% | $1130万 | $940万 | +20.2% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $720万2025-12-28 | $730万 | -1.4% | $720万 | $730万 | -1.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Deferred Rent | $3280万2025-12-28 | $2870万 | +14.3% | $3280万 | $2870万 | +14.3% |
| Deferred Tax Assets, Valuation Allowance | $740万2025-12-28 | $760万 | -2.6% | $740万 | $760万 | -2.6% |
| Deferred Tax Liabilities, Gross | $7350万2025-12-28 | $5700万 | +28.9% | $7350万 | $5700万 | +28.9% |
| Deferred Tax Liabilities, Intangible Assets | $2620万2025-12-28 | $1940万 | +35.1% | $2620万 | $1940万 | +35.1% |
| Deferred Tax Liabilities, Other | $190万2025-12-28 | $230万 | -17.4% | $190万 | $230万 | -17.4% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1330万2025-12-28 | $660万 | +101.5% | $1330万 | $660万 | +101.5% |
| Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries | – | – | – | $1190万2021-12-26 | $1100万 | +8.2% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $1330万 | $1180万 | +12.7% |
| Depreciation, Depletion and Amortization | $2210万 | $1180万 | +87.3% | $4710万 | $4030万 | +16.9% |
| Earnings Per Share, Basic | $0.02 | $0.02 | 0.0% | $0.14 | $0.11 | +27.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-28, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-29, 10-Q 2024-09-29, 10-Q 2024-06-30
数据截至 2026-11-02