Astronics vs Kratos Defense & Security Solutions
Kratos Defense & Security Solutions is the larger business, with $1.35bn of revenue in fiscal 2025 against $862m for Astronics (1.6 times as much). Kratos Defense & Security Solutions grew faster (18.5% against 8.4%). Astronics kept more of each dollar of sales as profit: a net margin of 3.4% against 1.6%.
| Latest fiscal year | AstronicsATRO, 2025 | Kratos Defense & Security SolutionsKTOS, 2025 |
|---|---|---|
| Revenue | $862m | $1.35bn |
| Revenue growth | 8.4% | 18.5% |
| Net income | $29.4m | $22.0m |
| Operating margin | — | 1.9% |
| Net margin | 3.4% | 1.6% |
| Return on equity | 14.8% | 1.3% |
| Free cash flow | $43.1m | −$137m |
| Cash | $18.2m | $561m |
| Total debt | $334m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 2,700 | 4,300 |
| Market value | $2.85bn | $7.68bn |
| Price vs our value range | Above our value range | — |
| Moat score | 23 (Weak) | 24 (Weak) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 285 sales |