NASDAQ$KTOS
Kratos Defense & Security Solutions Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Kratos reported a solid Q4 2024 with revenue growth and improved profitability.
Kratos Defense & Security Solutions posted Q4 2024 revenue of $283.1 million, reflecting a 3.4% growth year-over-year. The company achieved a net income of $3.9 million and an adjusted EPS of $0.13. Free cash flow for the quarter was $32.0 million, and the book-to-bill ratio stood at 1.5 to 1. Revenue growth was driven by strong performance in Unmanned Systems and Government Solutions, partially offset by declines in Space and Satellite businesses.
- Revenue grew 3.4% year-over-year to $283.1 million.
- Net income rose to $3.9 million from $2.4 million in Q4 2023.
- Adjusted EPS was $0.13, up from $0.12 in Q4 2023.
- Free cash flow reached $32.0 million, supported by strong operating cash flow.
Headline financials
Revenue & EPS history
Kratos · Revenue · Quarterly
$283M
Revenue by segment
Kratos · $275M total across 2 segments · Q3 2023
- Kratos Government Solutions$218M—79.4%
- Unmanned Systems$56.7M—20.6%
Forward guidance
Kratos expects 10% organic revenue growth in 2025, with plans for significant investments in production and R&D to support future contracts.
Tailwinds
- Projected 10% organic revenue growth in 2025.
- Expansion in hypersonics, drone, and rocket programs.
- Investment in manufacturing and production facilities.
- Continued strong backlog and new contract awards.
- Positioning for 13-15% revenue growth in 2026.
Headwinds
- Dependency on government contracts and budget approvals.
- Potential impact of Continuing Resolution Authorization (CRA) on new contracts.
- Ongoing supply chain and production cost pressures.
- Increased capital expenditure requirements for growth initiatives.
- Uncertain macroeconomic environment affecting defense spending.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-1.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+4.3%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+19.6%
Q2 2016
Best reaction
-25.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -3.9% | -1.2% | |
| Q4 2025 | -8.6% | -8.6% | -19.6% | |
| Q3 2025 | -14.2% | -12.2% | -15.2% | |
| Q1 2025 | -5.2% | -6.3% | +12.2% | |
| Q4 2024 | +5.2% | +5.7% | +22.9% | |
| Q3 2024 | +7.0% | +12.3% | +15.3% | |
| Q2 2024 | -3.0% | -3.6% | +3.6% | |
| Q1 2024 | +4.4% | +4.4% | +9.4% | |
| Q4 2023 | +13.3% | +13.0% | -5.4% | |
| Q3 2023 | +0.2% | +3.3% | +13.4% | |
| Q2 2023 | +13.0% | +17.0% | +10.3% | |
| Q1 2023 | +6.7% | +0.8% | +5.9% | |
| Q4 2022 | +14.1% | +11.2% | +16.8% | |
| Q3 2022 | +0.1% | +0.2% | -8.2% | |
| Q2 2022 | -2.5% | -4.9% | -20.6% | |
| Q1 2022 | -13.9% | -17.4% | -9.5% | |
| Q4 2021 | -8.6% | +13.5% | +27.4% | |
| Q3 2021 | -5.5% | -1.1% | -10.6% | |
| Q2 2021 | -11.8% | -8.3% | -10.0% | |
| Q1 2021 | +3.4% | -0.5% | +0.4% | |
| Q4 2020 | -8.5% | -10.0% | -13.4% | |
| Q3 2020 | -1.8% | +4.8% | +11.3% | |
| Q2 2020 | +5.7% | +5.8% | +6.7% | |
| Q1 2020 | +16.2% | +8.6% | +28.1% | |
| Q4 2019 | -25.9% | -19.7% | -35.6% | |
| Q3 2019 | +5.2% | +12.2% | -2.5% | |
| Q2 2019 | -13.9% | -20.6% | -18.9% | |
| Q1 2019 | +13.1% | +22.0% | +42.1% | |
| Q4 2018 | -2.8% | -2.0% | -9.1% | |
| Q3 2018 | +14.8% | +19.2% | +5.4% | |
| Q2 2018 | -4.8% | -1.9% | +2.5% | |
| Q1 2018 | +5.8% | +4.4% | +8.8% | |
| Q4 2017 | -7.8% | -8.6% | -14.1% | |
| Q3 2017 | -7.6% | -6.1% | -14.0% | |
| Q2 2017 | -10.9% | -11.8% | -1.1% | |
| Q1 2017 | +17.2% | +18.8% | +40.5% | |
| Q4 2016 | -1.2% | -10.4% | -4.9% | |
| Q3 2016 | +8.3% | +3.2% | +43.3% | |
| Q2 2016 | +19.6% | +24.2% | +56.4% | |
| Q1 2016 | -14.4% | — | — | |
| Q4 2015 | +10.6% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | -6.2% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | -12.7% | — | — | |
| Q2 2014 | +4.6% | — | — | |
| Q1 2014 | +2.5% | — | — | |
| Q4 2013 | -6.4% | — | — | |
| Q3 2013 | -15.0% | — | — | |
| Q2 2013 | +3.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | -3.6% | — | — | |
| Q1 2011 | -3.6% | — | — | |
| Q3 2012 | -13.7% | — | — | |
| Q2 2012 | -8.0% | — | — | |
| Q1 2012 | -3.8% | — | — | |
| Q4 2009 | +13.4% | — | — | |
| Q4 2011 | +13.4% | — | — | |
| Q3 2010 | -9.8% | — | — | |
| Q3 2011 | -9.8% | — | — | |
| Q2 2010 | -16.8% | — | — | |
| Q2 2011 | -16.8% | — | — | |
| Q4 2010 | -16.8% | — | — | |
| Q1 2010 | -0.4% | — | — |
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