KBR, Inc. key statistics and ratios

In fiscal 2025, KBR, Inc. had return on equity of 28.1%, an operating margin of 10.0%, debt equal to 172.7% of equity and a current ratio of 1.22. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

KBR, Inc.: financial ratios, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Jan 2025	2025Jan 2026	LTMOct 2026
Gross margin	—	—	7.0%	6.7%	5.8%	−1.0%	6.4%	2.6%	10.5%	11.9%	11.6%	11.5%	11.0%	12.6%	14.0%	14.3%	14.8%	14.7%
Operating margin	4.4%	6.7%	6.4%	3.8%	4.3%	−12.5%	6.1%	0.4%	6.3%	9.5%	6.4%	1.0%	3.1%	5.2%	6.5%	8.5%	10.0%	9.3%
Net margin	2.4%	3.6%	5.3%	1.9%	1.0%	−19.8%	4.0%	−1.6%	10.4%	5.7%	3.6%	−1.1%	0.4%	2.9%	−3.8%	4.9%	5.3%	5.7%
Free-cash-flow margin	−0.6%	5.3%	6.2%	0.9%	3.0%	1.8%	0.7%	1.2%	4.4%	3.0%	4.2%	6.0%	3.4%	5.0%	3.9%	5.3%	6.6%	4.2%
Return on equity	12.7%	14.4%	20.2%	5.7%	3.0%	−74.1%	20.2%	−7.7%	43.5%	19.2%	11.4%	−3.7%	1.7%	11.6%	−17.6%	26.4%	28.1%	27.1%
Return on assets	5.4%	6.1%	8.7%	2.5%	1.3%	−26.5%	5.4%	−1.9%	11.1%	6.5%	3.9%	−1.1%	0.5%	3.2%	−4.8%	6.1%	6.3%	6.5%
Asset turnover	2.27	1.69	1.64	1.36	1.29	1.34	1.36	1.13	1.07	1.13	1.08	1.04	1.23	1.12	1.25	1.26	1.18	1.15
Current ratio	1.59	1.39	1.51	1.58	1.53	1.24	1.32	1.31	1.33	1.38	1.34	1.12	1.15	0.96	1.05	1.05	1.22	0.94
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	85.9%	38.2%	73.5%	65.8%	101.0%	113.3%	107.4%	132.5%	176.8%	172.7%	144.0%
Interest cover (operating income ÷ interest)	—	—	—	—	—	—	28.2x	1.5x	12.6x	7.1x	3.7x	0.8x	2.9x	3.9x	3.9x	4.6x	4.9x	5.0x
Effective tax rate	31.6%	32.6%	5.6%	29.9%	43.0%	—	27.6%	—	—	21.7%	22.0%	—	76.0%	32.4%	—	25.4%	25.4%	23.4%
SG&A as % of revenue	—	—	—	—	—	—	—	—	5.8%	6.0%	6.0%	5.8%	5.4%	6.4%	7.0%	7.0%	7.4%	7.4%
Capital spending as % of revenue	0.3%	0.7%	0.9%	1.0%	1.1%	0.8%	0.2%	0.3%	0.2%	0.3%	0.4%	0.3%	0.4%	1.1%	0.9%	0.7%	0.5%	0.7%
Free cash flow ÷ net income	−26.6%	147.7%	118.1%	46.5%	292.0%	—	18.2%	—	42.8%	52.7%	116.8%	—	918.5%	171.1%	—	109.3%	124.1%	74.2%
Dividends ÷ net income	11.0%	9.8%	6.3%	25.7%	48.0%	—	23.2%	—	10.4%	15.7%	22.8%	—	225.9%	34.7%	—	21.1%	20.2%	19.0%
Dividends and buybacks ÷ free cash flow	—	54.9%	26.1%	114.9%	19.6%	130.8%	294.6%	100.0%	53.0%	31.8%	21.2%	30.3%	57.7%	82.8%	78.1%	72.4%	80.2%	42.1%

US$ thousands unless shown otherwise. Fiscal quarters.

KBR, Inc.: financial ratios, quarterly
Quarter	2024 Q4Jan 2025	2025 Q1Apr 2025	2025 Q2Jul 2025	2025 Q3Oct 2025	2025 Q4Jan 2026	2026 Q1Apr 2026	2026 Q2Jul 2026	2026 Q3Oct 2026
Gross margin	13.8%	14.9%	14.9%	14.0%	15.4%	13.8%	14.8%	14.8%
Operating margin	6.6%	10.0%	9.9%	9.9%	10.1%	9.4%	8.7%	9.2%
Net margin	3.6%	5.7%	3.7%	6.0%	5.9%	5.3%	4.8%	6.6%
Free-cash-flow margin	1.1%	4.8%	10.0%	9.8%	1.8%	5.1%	1.7%	8.0%
Current ratio	1.05	1.11	1.13	1.18	1.22	1.16	1.15	0.94
Debt to equity	176.8%	193.6%	175.8%	177.9%	172.7%	163.1%	156.0%	144.0%
SG&A as % of revenue	7.3%	6.9%	7.5%	7.5%	7.8%	6.9%	7.2%	7.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 7 checks passed · October 2, 2026

What it owns · $7.0bn

Short-term assets $2.3bnLonger-term assets $4.7bn

What it owes, and who funded it · $7.0bn

Short-term liabilities $2.4bnLonger-term liabilities $2.8bnShareholders' equity $1.8bn

Short-term assets cover short-term liabilities $2.3bn of assets due within a year against $2.4bn of liabilities due within a year.
Short-term assets cover long-term liabilities $2.3bn short-term assets against $2.8bn of longer-dated liabilities.
More cash than debt $439m of cash against $2.5bn of debt.
Debt below 40% of shareholders' equity Debt is 144% of equity.
Debt burden no higher than five years ago Debt to equity moved from 120% to 144% over five years.
A year's operating cash flow covers at least 20% of debt $382m of operating cash flow against $2.5bn of debt.
Operating profit covers interest at least five times over Operating income of $729m against $145m of interest.

From KBR, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

47 /100

Moderate moat

How hard KBR's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 8 / 20

Cash operating profit has been a median 7.3% of total assets over 8 years.
Pricing power 8 / 20

Gross margin has been a median 11.7%, moving by 2.3 percentage points (standard deviation) across 10 years.
Durability 4 / 20

Operating margin has been a median 6.4%; its worst year was 1.7%.
Cash conversion 12 / 20

Free cash flow was positive in 9 of 10 years, at a median 5.3% of revenue.
Discipline 15 / 20

The diluted share count fell 14.4% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: KBR vs PRIM DY vs KBR APG vs KBR

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Figures from KBR, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to KBR, Inc.