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

Kratos Defense & Security Solutions brought in $1.3B of revenue in fiscal 2025, Redwire $335.4M in fiscal 2025. Revenue changed by +18.5% at Kratos Defense & Security Solutions and +10.3% at Redwire on the year before, so Kratos Defense & Security Solutions grew faster. Kratos Defense & Security Solutions kept 1.6% of its revenue as net profit, Redwire -67.6%. Free cash flow was -$137.4M at Kratos Defense & Security Solutions and -$190.8M at Redwire.

Side by side, latest fiscal year

KTOSRDW
Fiscal year endedFY2025 (December 28, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$335.4M
Revenue growth+18.5%+10.3%
Net income$22M-$226.6M
Net margin1.6%-67.6%
Free cash flow-$137.4M-$190.8M
Free cash flow margin-10.2%-56.9%
Earnings per share (diluted)$0.13-$2.28
Cash$560.6M$94.5M
Debt$0$85.2M
Price to earnings350.9n/a
Market value$8.6B$2.9B
Dividend yieldn/an/a
Rank by revenue in sector#254 of 451 · Industrials#344 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: $1.3BRDW FY2021: $137.6MRDW FY2022: $160.5MRDW FY2023: $243.8MRDW FY2024: $304.1MRDW FY2025: $335.4MFY18FY19FY20FY21FY22FY23FY24FY25
KTOS $1.3BRDW $335.4M
Net income
KTOS FY2018: -$3.5MKTOS FY2019: $12.5MKTOS FY2020: $79.6MKTOS FY2021: -$2MKTOS FY2022: -$36.9MKTOS FY2023: -$8.9MKTOS FY2024: $16.3MKTOS FY2025: $22MRDW FY2021: -$61.5MRDW FY2022: -$130.6MRDW FY2023: -$27.3MRDW FY2024: -$114.3MRDW FY2025: -$226.6MFY18FY19FY20FY21FY22FY23FY24FY25
KTOS $22MRDW -$226.6M
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%RDW FY2021: -44.7%RDW FY2022: -81.4%RDW FY2023: -11.2%RDW FY2024: -37.6%RDW FY2025: -67.6%FY18FY19FY20FY21FY22FY23FY24FY25
KTOS 1.6%RDW -67.6%
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%RDW FY2022: +16.7%RDW FY2023: +51.9%RDW FY2024: +24.7%RDW FY2025: +10.3%FY19FY20FY21FY22FY23FY24FY25
KTOS +18.5%RDW +10.3%
Free cash flow
KTOS FY2020: $8.8MKTOS FY2021: -$11.2MKTOS FY2022: -$71.1MKTOS FY2023: $12.8MKTOS FY2024: -$8.5MKTOS FY2025: -$137.4MRDW FY2021: -$39.5MRDW FY2022: -$35.3MRDW FY2023: -$4.4MRDW FY2024: -$23.7MRDW FY2025: -$190.8MFY20FY21FY22FY23FY24FY25
KTOS -$137.4MRDW -$190.8M

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

Questions about Kratos Defense & Security Solutions and Redwire

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

Kratos Defense & Security Solutions is bigger by revenue: $1.3B in fiscal 2025, against $335.4M for Redwire in fiscal 2025.

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

Kratos Defense & Security Solutions had a net margin of 1.6% in fiscal 2025; Redwire had -67.6% in fiscal 2025.

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

In their latest fiscal years revenue changed by +18.5% at Kratos Defense & Security Solutions and +10.3% at Redwire.

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.

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