Kratos Defense & Security Solutions vs Planet Labs
Kratos Defense & Security Solutions reported revenue of $1.3 billion in fiscal 2025, 4.4 times Planet Labs' $308 million in fiscal 2026. Kratos Defense & Security Solutions' revenue grew 18.5% in its latest year, and Planet Labs' grew 25.9%. Kratos Defense & Security Solutions had an operating margin of 1.9%, against -30.9% at Planet Labs. Free cash flow was −$137 million at Kratos Defense & Security Solutions and $58 million at Planet Labs. Their fiscal years end in different months (December 28 and January 31), so the periods don't line up exactly.
Side by side
| Kratos Defense & Security Solutions | Planet Labs | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 28, 2025 | FY2026, Jan 31, 2026 |
| Revenue | $1.3B | $308M |
| Revenue growth | 18.5% | 25.9% |
| Revenue growth a year, last 5 years | 12.5% | 22.1% |
| Gross margin | 22.9% | 56.0% |
| Operating margin | 1.9% | −30.9% |
| Net margin | 1.6% | −80.2% |
| Free cash flow | −$137M | $58M |
| Free cash flow margin | −10.2% | 18.7% |
| Return on capital | 1.2% | −70.0% |
| Net debt to EBITDA | −6.3x | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 9.5% | 5.4% |
| Last close | $40.43 | $13.76 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $135.6 million | sold $43.0 million |
| Piotroski F-score | 4 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ 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 SolutionsPlanet Labs
Operating margin
Percent of revenue
Kratos Defense & Security SolutionsPlanet Labs
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Kratos Defense & Security SolutionsPlanet Labs
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 Planet Labs pages.