Kratos Defense & Security Solutions (KTOS)
Gross profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 287,600 | 282,900 | 278,300 | 282,500 | 271,400 | 261,900 | 258,100 | 236,600 | 228,900 | 221,400 | 221,500 | 230,200 | 226,000 | 225,100 | 217,900 | 214,400 | 208,400 | 203,200 | 197,300 | 188,800 |
| Revenue (ttm) | US$ in thousands | 1,161,700 | 1,136,300 | 1,127,000 | 1,125,700 | 1,082,500 | 1,037,100 | 1,012,600 | 966,600 | 933,900 | 898,300 | 860,600 | 832,600 | 813,500 | 811,500 | 806,300 | 807,700 | 773,000 | 747,700 | 726,400 | 708,500 |
| Gross profit margin | 24.76% | 24.90% | 24.69% | 25.10% | 25.07% | 25.25% | 25.49% | 24.48% | 24.51% | 24.65% | 25.74% | 27.65% | 27.78% | 27.74% | 27.02% | 26.54% | 26.96% | 27.18% | 27.16% | 26.65% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $287,600K ÷ $1,161,700K
= 24.76%
The gross profit margin of Kratos Defense & Security Solutions has exhibited periods of relative stability interspersed with noticeable fluctuations during the analyzed timeframe from June 30, 2020, to March 31, 2025. Initially, the margin increased modestly from approximately 26.65% in June 2020 to a peak of 27.78% in March 2022, reflecting either improvements in gross profit relative to sales or cost containment strategies.
Subsequently, the margin declined markedly, reaching a low of approximately 24.51% in March 2023—indicating increased costs or pricing pressures impacting profitability at the gross level. After this nadir, the margin experienced slight recovery, reaching around 25.49% by September 2023, before stabilizing close to 25% through the end of the forecast period.
This overall trend underscores a modest downward shift in gross profit margin over the analyzed period, from peaks near 27.78% to levels consistently around 25%. The fluctuations suggest sensitivities to cost dynamics, pricing environment, or changes in sales mix, with recent margins indicating a somewhat stable, albeit slightly compressed, gross profitability profile.
Peer comparison
Mar 31, 2025