KBR, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data KBR, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	4,268	4,171	4,913	5,639	5,767	7,339	6,564	6,956	7,710	7,786
Cost of revenue	4,156	3,732	4,329	4,986	5,101	6,533	5,736	5,979	6,611	6,636
Gross profit	112	439	584	653	666	806	828	977	1,099	1,150
Selling, general and administrative		244	294	341	335	393	420	487	543	578
General and administrative	133	244	294
Operating income	28	264	468	362	57	231	343	449	659	778
Interest expense	13	21	66	99	72	80	87	115	144	158
Other non-operating income	18	4	-6	5	1	-9	12	-5	-7	-6
Pre-tax income	33	247	396	268	-14	146	284	-165	508	614
Income tax	84	-193	86	59	28	111	92	95	129	156
Income from continuing operations								-264	374	451
Net income to minority interests	10	8	29	7	21	8	2	4	6
Net income	-61	432	281	202	-63	27	190	-265	375	415
EBITDA	73	312	531	466	172	377	480	590	815	947
EPS, basic	-0.37	2.63	1.72	1.23	-0.44	0.19	1.36	-1.96	2.79	3.21
EPS, diluted	-0.37	2.63	1.72	1.22	-0.44	0.19	1.26	-1.96	2.79	3.21
Shares, basic (weighted)	165	163	162	163	142	140	139	135	134	129
Shares, diluted (weighted)	165	163	163	165	142	141	156	135	134	129
Dividend per share	0.28	0.28	0.28	0.28	0.40	0.44	0.48	0.54	0.60	0.66

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	536	439	739	712	436	370	389	304	342	500
Receivables	592	510	927	938	899	1,411	942	981	1,066	1,086
Other current assets	103	93	108	146	121	147	164	189	173	166
Total current assets	2,047	1,425	1,959	2,011	1,634	2,152	1,747	1,651	1,873	2,051
Property, plant and equipment	145	130	121	130	130	136	182	239	237	232
Lease right-of-use assets			0	175	154	158	164	138	203	217
Goodwill	959	968	1,265	1,265	1,761	2,060	2,087	2,109	2,630	2,677
Intangible assets	248	239	516	495	683	708	645	618	763	727
Long-term investments										0
Other non-current assets	127	124	147	143	135	152	294	365	396	322
Total assets	4,144	3,652	5,052	5,360	5,705	6,204	5,566	5,565	6,663	6,584
Accounts payable	535	350	546	572	574	1,026	637	593	772	712
Accrued liabilities	171	186	221	209	283	317	325	340	351	342
Deferred revenue		368	463	484	356	313	275	359	328	331
Short-term debt		0	22	27	12	16	364	31	36	49
Total current liabilities	1,559	1,071	1,419	1,501	1,455	1,875	1,821	1,572	1,782	1,688
Long-term debt		470	1,226	1,183	1,584	1,875	1,376	1,801	2,533	2,547
Lease liabilities			0	192	186	188	193	176	228	236
Other non-current liabilities	200	171	202	124	256	219	230	290	244	279
Total liabilities	3,399	2,455	3,334	3,507	4,096	4,521	3,934	4,171	5,196	5,072
Total debt	650	470	1,248	1,210	1,596	1,891	1,740	1,832	2,569	2,596
Paid-in capital	2,088	2,091	2,190	2,206	2,222	2,206	2,235	2,505	2,526	2,552
Retained earnings	488	854	1,235	1,437	1,305	1,287	1,410	1,072	1,367	1,697
Treasury stock	-769	-818	-817	-817	-864	-943	-1,143	-1,279	-1,494	-1,818
Other comprehensive income	-1,050	-922	-910	-987	-1,083	-881	-882	-915	-946	-928
Shareholders' equity	757	1,229	1,698	1,839	1,580	1,669	1,620	1,383	1,453	1,503
Minority interests	-12	-8	20	14	29	14	12	11	14	9
Total equity	725	1,197	1,718	1,853	1,582	1,683	1,632	1,394	1,467	1,512
Total liabilities and equity	4,144	3,652	5,052	5,360	5,705	6,204	5,566	5,565	6,663	6,584
Shares outstanding	166	162	163	164	141	140	137	135	132	126

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-51	440	310	209	-42	35	192	-261	381	403
Depreciation and amortization	45	48	63	104	115	146	137	141	156	169
Stock-based compensation	18	12	10	12	12	12
Deferred income tax	18	-323	27	-14	-38	47	37	13	2	60
Change in receivables	121	92	-203	-16	127	-476	455	-32	5	-2
Change in payables	-6	-193	112	23	-40	447	-376	-53	147	-70
Cash from operations	61	193	165	256	367	278	396	331	462	557
Capital expenditures	-11	-8	-17	-20	-20	-30	-71	-62	-52	-42
Acquisitions	-911	-4	-354	0	-832	-399	-73	0	-738	-14
Purchases of investments					0	-7	-61	-39	-5	-10
Cash from investing	-981	-12	-491	-158	-877	-428	37	-70	-776	16
Stock issued	0	0	2	5	4	12	5	5
Share buybacks	-4	-53	-3	-4	-51	-82	-203	-138	-218	-329
Dividends paid	-46	-45	-44	-46	-54	-61	-66	-72	-79	-84
Cash from financing	584	-290	654	-133	225	87	-399	-359	374	-403
Exchange rate effect	-11	12	-28	8	9	-3	-15	13	-14	18
Net change in cash	-347	-97	300	-27	-276	-66	19	-85	46	155
Free cash flow	50	185	148	236	347	248	325	269	410	515
Interest paid	12	21	52	80	53	63	66	102	124	141
Income taxes paid	49	144	21	54	49	49	47	52	82	83

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 3, 2026; growth uses fiscal years. Valuation uses the share price of $34.54 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	14.5%	Gross profit / revenue.
Operating margin	9.5%	Operating income / revenue.
EBITDA margin	11.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	7.5%	Pre-tax income / revenue.
Net margin	5.5%	Net income / revenue.
FCF margin	4.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	5.3%	Cash from operations / revenue.
Effective tax rate	26.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	25.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	6.4%	Net income / average total assets.
Return on invested capital (ROIC)	14.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	7.4%	Selling, general and administrative expense / revenue.
Capex / revenue	0.7%	Capital expenditures / revenue.
D&A / revenue	2.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	4.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	11.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	11.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	18.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	31.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	68.7%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	16.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	25.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	40.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	10.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	29.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	15.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	36.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	20.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	12.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	8.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	25.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	16.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	8.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	10.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	11.2%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	10.5%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	3.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-2.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-1.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-3.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-6.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.15x	Current assets / current liabilities.
Quick ratio	0.82x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.18x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.56x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	38.3%	Total debt / total assets.
Liabilities / assets	75.4%	Total liabilities / total assets.
Net debt	$2.24B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.49x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	4.96x	Operating income / interest expense.
Working capital	$255.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	50.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.73B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.16x	Revenue / average total assets.
Fixed asset turnover	34.0x	Revenue / average property, plant and equipment.
Receivables turnover	6.96x	Revenue / average receivables.
Days sales outstanding	52 days	365 x average receivables / revenue.
Days payables	41 days	365 x average accounts payable / cost of revenue.
FCF conversion	83.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	13.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.34	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$60.81	Revenue / diluted weighted shares.
FCF per share	$2.80	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.22	Cash from operations / diluted weighted shares.
Book value per share	$12.98	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$13.69	Tangible book value / shares outstanding.
Cash per share	$2.47	(Cash + short-term investments) / shares outstanding.
Payout ratio	20.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	23.9%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	43.4%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.35B	Share price x shares outstanding.
Enterprise value	$6.59B	Market cap + total debt - cash - short-term investments.
P/E	10.3x	Market cap / net income. Only when net income is positive.
P/S	0.56x	Market cap / revenue.
P/B	2.66x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	12.3x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.6x	Market cap / cash from operations, when positive.
EV/Sales	0.85x	Enterprise value / revenue.
EV/EBIT	8.98x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.33x	Enterprise value / EBITDA, when both are positive.
EV/FCF	18.6x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.2%	Free cash flow / market cap.
Earnings yield	9.7%	Net income / market cap (the inverse of P/E).
Dividend yield	2.0%	Dividends paid over the period / market cap.
Shareholder yield	5.5%	(Dividends paid + share buybacks) / market cap.
PEG	0.28x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was KBR, INC.'s revenue in fiscal 2025?

KBR, INC. reported revenue of $7.79B for fiscal 2025, 1% higher than the year before.

Was KBR, INC. profitable in fiscal 2025?

Yes. Net income was $415.0M, a net margin of 5.3%.

How much free cash flow did KBR, INC. generate in fiscal 2025?

Cash from operations of $557.0M minus capital expenditures of $42.0M left free cash flow of $515.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to KBR, INC.