Kratos Defense & Security Solutions (KTOS)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 19,500 | 16,300 | 14,800 | 10,000 | -600 | -7,700 | -18,400 | -24,800 | -26,800 | -36,700 | -31,000 | -25,400 | -19,600 | -2,000 | 78,700 | 83,500 | 81,700 | 79,600 | 4,500 | 4,600 |
| Total assets | US$ in thousands | 2,004,900 | 1,950,900 | 1,912,400 | 1,914,200 | 1,914,600 | 1,632,500 | 1,590,800 | 1,562,800 | 1,557,100 | 1,551,500 | 1,568,100 | 1,583,300 | 1,565,500 | 1,589,500 | 1,577,800 | 1,562,300 | 1,565,200 | 1,562,800 | 1,473,200 | 1,419,200 |
| ROA | 0.97% | 0.84% | 0.77% | 0.52% | -0.03% | -0.47% | -1.16% | -1.59% | -1.72% | -2.37% | -1.98% | -1.60% | -1.25% | -0.13% | 4.99% | 5.34% | 5.22% | 5.09% | 0.31% | 0.32% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $19,500K ÷ $2,004,900K
= 0.97%
The analysis of Kratos Defense & Security Solutions' return on assets (ROA) over the period from mid-2020 through early 2025 reveals significant fluctuations indicative of evolving operational and financial performance. During the second half of 2020, the company's ROA remained below 1%, with values of 0.32% on June 30 and 0.31% on September 30, highlighting a relatively low efficiency in generating profit from its asset base during that period.
A notable improvement occurred at the end of 2020 and the beginning of 2021, as ROA increased sharply to 5.09% on December 31, 2020, and further marginally rose to 5.22% on March 31, 2021. This upward trend persisted through mid-2021, with ROA reaching approximately 5.34% by June 30, 2021, suggesting a period of enhanced profitability and operational efficiency.
However, from late 2021 onwards, the ROA experienced significant volatility and deterioration. By December 31, 2021, it fell into negative territory at -0.13%, followed by deeper negative values at -1.25% on March 31, 2022, and -1.60% on June 30, 2022. The downward trend continued through subsequent quarters, reaching -1.98% at September 30, 2022, and further declining to -2.37% by December 31, 2022. In early 2023, the ROA remained negative at -1.72% in March, and the decline persisted to -1.59% in June and -1.16% in September 2023.
Starting towards the end of 2023, an inflection point appears; the ROA moved into positive territory with values of 0.47% on December 31, 2023, 0.03% on March 31, 2024, and further improvements to 0.52% on June 30, 2024, 0.77% on September 30, 2024, and 0.84% on December 31, 2024. The trend continues, with the ROA approaching nearly 1% at 0.97% on March 31, 2025.
Overall, the data indicates a period of relative stability and profitability in late 2020 and early 2021, followed by a substantial decline into negative ROA levels during 2022 and the first part of 2023, reflecting difficulties in generating profit relative to asset utilization. The subsequent recovery observed from late 2023 into 2025 suggests an improving operational environment, with increasing efficiency leading to positive ROA figures approaching and surpassing the 1% mark.
Peer comparison
Mar 31, 2025