Invesaro

Stocks Comparison

Kratos Defense & Security Solutions vs Lockheed Martin: revenue, profit, margins and growth compared

Kratos Defense & Security Solutions brought in $1.3B of revenue in fiscal 2025, Lockheed Martin $75B in fiscal 2025. Revenue changed by +18.5% at Kratos Defense & Security Solutions and +5.6% at Lockheed Martin on the year before, so Kratos Defense & Security Solutions grew faster. Kratos Defense & Security Solutions kept 1.6% of its revenue as net profit, Lockheed Martin 6.7%. Free cash flow was -$137.4M at Kratos Defense & Security Solutions and $6.9B at Lockheed Martin.

Side by side, latest fiscal year

KTOSLMT
Fiscal year endedFY2025 (December 28, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$75B
Revenue growth+18.5%+5.6%
Net income$22M$5B
Net margin1.6%6.7%
Free cash flow-$137.4M$6.9B
Free cash flow margin-10.2%9.2%
Earnings per share (diluted)$0.13$21.49
Cash$560.6M$4.1B
Debt$0$21.7B
Price to earnings350.924.2
Market value$8.6B$119.9B
Dividend yieldn/a2.57%
Rank by revenue in sector#254 of 451 · Industrials#7 of 451 · Industrials

Over the years

Revenue
KTOS FY2018: $618MKTOS FY2019: $717.5MKTOS FY2020: $747.7MKTOS FY2021: $811.5MKTOS FY2022: $898.3MKTOS FY2023: $1BKTOS FY2024: $1.1BKTOS FY2025: $1.3BLMT FY2018: $53.8BLMT FY2019: $59.8BLMT FY2020: $65.4BLMT FY2021: $67BLMT FY2022: $66BLMT FY2023: $67.6BLMT FY2024: $71BLMT FY2025: $75BFY18FY19FY20FY21FY22FY23FY24FY25
KTOS $1.3BLMT $75B
Net income
KTOS FY2018: -$3.5MKTOS FY2019: $12.5MKTOS FY2020: $79.6MKTOS FY2021: -$2MKTOS FY2022: -$36.9MKTOS FY2023: -$8.9MKTOS FY2024: $16.3MKTOS FY2025: $22MLMT FY2018: $5BLMT FY2019: $6.2BLMT FY2020: $6.8BLMT FY2021: $6.3BLMT FY2022: $5.7BLMT FY2023: $6.9BLMT FY2024: $5.3BLMT FY2025: $5BFY18FY19FY20FY21FY22FY23FY24FY25
KTOS $22MLMT $5B
Net margin
KTOS FY2018: -0.6%KTOS FY2019: 1.7%KTOS FY2020: 10.6%KTOS FY2021: -0.2%KTOS FY2022: -4.1%KTOS FY2023: -0.9%KTOS FY2024: 1.4%KTOS FY2025: 1.6%LMT FY2018: 9.4%LMT FY2019: 10.4%LMT FY2020: 10.4%LMT FY2021: 9.4%LMT FY2022: 8.7%LMT FY2023: 10.2%LMT FY2024: 7.5%LMT FY2025: 6.7%FY18FY19FY20FY21FY22FY23FY24FY25
KTOS 1.6%LMT 6.7%
Revenue growth
KTOS FY2019: +16.1%KTOS FY2020: +4.2%KTOS FY2021: +8.5%KTOS FY2022: +10.7%KTOS FY2023: +15.5%KTOS FY2024: +9.6%KTOS FY2025: +18.5%LMT FY2019: +11.3%LMT FY2020: +9.3%LMT FY2021: +2.5%LMT FY2022: -1.6%LMT FY2023: +2.4%LMT FY2024: +5.1%LMT FY2025: +5.6%FY19FY20FY21FY22FY23FY24FY25
KTOS +18.5%LMT +5.6%
Free cash flow
KTOS FY2020: $8.8MKTOS FY2021: -$11.2MKTOS FY2022: -$71.1MKTOS FY2023: $12.8MKTOS FY2024: -$8.5MKTOS FY2025: -$137.4MLMT FY2018: $1.9BLMT FY2019: $5.8BLMT FY2020: $6.4BLMT FY2021: $7.7BLMT FY2022: $6.1BLMT FY2023: $6.2BLMT FY2024: $5.3BLMT FY2025: $6.9BFY18FY19FY20FY21FY22FY23FY24FY25
KTOS -$137.4MLMT $6.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Kratos Defense & Security Solutions and Lockheed Martin

Which is bigger by revenue, Kratos Defense & Security Solutions or Lockheed Martin?

Lockheed Martin is bigger by revenue: $75B in fiscal 2025, against $1.3B for Kratos Defense & Security Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Kratos Defense & Security Solutions or Lockheed Martin?

Kratos Defense & Security Solutions had a net margin of 1.6% in fiscal 2025; Lockheed Martin had 6.7% in fiscal 2025.

Which grew revenue faster, Kratos Defense & Security Solutions or Lockheed Martin?

In their latest fiscal years revenue changed by +18.5% at Kratos Defense & Security Solutions and +5.6% at Lockheed Martin.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies