Kratos Defense & Security Solutions vs Intuitive Machines
Kratos Defense & Security Solutions reported revenue of $1.3 billion in fiscal 2025, 6.4 times Intuitive Machines' $210 million in fiscal 2025. Kratos Defense & Security Solutions' revenue grew 18.5% in its latest year, and Intuitive Machines' fell 7.9%. Kratos Defense & Security Solutions had an operating margin of 1.9%, against -41.5% at Intuitive Machines. Free cash flow was −$137 million at Kratos Defense & Security Solutions and −$56 million at Intuitive Machines. Their fiscal years end in different months (December 28 and December 31), so the periods don't line up exactly.
Side by side
| Kratos Defense & Security Solutions | Intuitive Machines | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 28, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.3B | $210M |
| Revenue growth | 18.5% | −7.9% |
| Revenue growth a year, last 5 years | 12.5% | — |
| Gross margin | 22.9% | — |
| Operating margin | 1.9% | −41.5% |
| Net margin | 1.6% | −39.6% |
| Free cash flow | −$137M | −$56M |
| Free cash flow margin | −10.2% | −26.6% |
| Return on capital | 1.2% | — |
| Net debt to EBITDA | −6.3x | — |
| Dividends and buybacks | $0M | $21M |
| Change in diluted share count | 9.5% | 88.0% |
| Last close | $40.43 | $10.48 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $135.6 million | bought $2.2 million, sold $263.8 million |
| Piotroski F-score | 4 of 9 | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Kratos Defense & Security SolutionsIntuitive Machines
Operating margin
Percent of revenue
Kratos Defense & Security SolutionsIntuitive Machines
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Kratos Defense & Security SolutionsIntuitive Machines
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Kratos Defense & Security Solutions and Intuitive Machines pages.