Hexcel vs Kratos Defense & Security Solutions
Hexcel is the larger business, with $1.89bn of revenue in fiscal 2025 against $1.35bn for Kratos Defense & Security Solutions (1.4 times as much). Kratos Defense & Security Solutions grew faster (18.5% against -0.5%). Hexcel kept more of each dollar of sales as profit: a net margin of 5.8% against 1.6%. Kratos Defense & Security Solutions carries less debt relative to equity (0.0% against 79.4%).
| Latest fiscal year | HexcelHXL, 2025 | Kratos Defense & Security SolutionsKTOS, 2025 |
|---|---|---|
| Revenue | $1.89bn | $1.35bn |
| Revenue growth | -0.5% | 18.5% |
| Net income | $109m | $22.0m |
| Operating margin | 9.1% | 1.9% |
| Net margin | 5.8% | 1.6% |
| Return on equity | 7.9% | 1.3% |
| Free cash flow | $157m | −$137m |
| Cash | $71.0m | $561m |
| Total debt | $993m | $0 |
| Debt to equity | 79.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 0.9% | — |
| Share buybacks | $454m | — |
| Employees | 5,563 | 4,300 |
| Market value | $6.32bn | $7.68bn |
| Price vs our value range | Above our value range | — |
| Moat score | 59 (Moderate) | 24 (Weak) |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 285 sales |