KBR Inc. (KBR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.91	$0.96	+5.5%	—	$1.9B	—
Q4 25	$0.95	$0.99	+4.2%	—	$1.9B	—
Q3 25	$0.95	$1.02	+7.4%	—	$1.9B	—
Q2 25	$0.88	$0.91	+3.4%	—	$2B	—
Q1 25	$0.86	$0.98	+14.0%	—	$2.1B	—
Q4 24	$0.82	$0.91	+11.0%	—	$2.1B	—
Q3 24	$0.84	$0.84	0.0%	—	$1.9B	—
Q2 24	$0.79	$0.83	+5.1%	—	$1.9B	—
Q1 24	$0.7	$0.77	+10.0%	—	$1.8B	—
Q4 23	$0.69	$0.69	0.0%	—	$1.7B	—
Q3 23	$0.74	$0.75	+1.4%	—	$1.8B	—
Q2 23	$0.72	$0.74	+2.8%	—	$1.8B	—
Q1 23	$0.58	$0.67	+15.5%	—	$1.7B	—
Q4 22	$0.58	$0.69	+19.0%	—	$1.6B	—
Q3 22	$0.63	$0.65	+3.2%	—	$1.6B	—
Q2 22	$0.65	$0.76	+16.9%	—	$1.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.27	—	—	$7.8B	—
FY24	—	$2.81	—	—	$7.7B	—
FY23	—	-$1.96	—	—	$7B	—
FY22	—	$1.39	—	—	$6.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.3B	$4.2B	$4.9B	$5.6B	$5.8B	$7.3B	$6.6B	$7B	$7.7B	$7.8B
YoY change	-16.2%	-2.27%	+17.8%	+14.8%	+2.27%	+27.3%	-10.6%	+5.97%	+11.3%	+0.57%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.3B	4.2B	4.9B	5.6B	5.8B	7.3B	6.6B	7B	7.7B	7.8B
Cost of revenue	4.2B	3.7B	4.3B	5B	5.1B	6.5B	5.7B	6B	6.6B	6.6B
Gross profit	112M	439M	584M	653M	666M	806M	828M	977M	1.1B	1.1B
Gross margin	2.62%	10.5%	11.9%	11.6%	11.5%	11%	12.6%	14%	14.2%	14.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	133M	244M	294M	341M	335M	393M	420M	488M	544M	578M
Operating expenses	133M	244M	294M	341M	335M	407M	424M	492M	555M	582M
Operating income	-21M	195M	290M	312M	331M	399M	404M	485M	548M	568M
Operating margin	-0.49%	4.68%	5.9%	5.53%	5.74%	5.44%	6.15%	6.97%	7.08%	7.3%
Non-operating income, net	67M	73M	172M	55M	-273M	-173M	-33M	-536M	107M	—
Pretax income	33M	247M	396M	268M	-25M	146M	284M	-166M	511M	614M
Income tax	84M	-193M	86M	59M	26M	111M	92M	95M	130M	156M
Net income	-51M	440M	310M	209M	-51M	35M	192M	-261M	381M	403M
Net margin	-1.19%	10.5%	6.31%	3.71%	-0.88%	0.48%	2.93%	-3.75%	4.92%	5.18%
EBITDA	133M	317M	426M	456M	477M	366M	473M	241M	804M	941M
EPS	-0.43	3.06	1.99	1.42	-0.51	0.13	1.39	-1.96	2.81	3.27
Diluted EPS	-0.43	3.06	1.99	1.41	-0.51	0.12	1.26	-1.96	2.79	3.21

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.8B	1.7B	1.8B	1.9B	1.9B	2.1B	2.1B	2B	1.9B	1.9B	1.9B	2B
Cost of revenue	1.5B	1.5B	1.6B	1.6B	1.7B	1.8B	1.8B	1.7B	1.7B	1.6B	1.7B	1.7B
Gross profit	244M	237M	248M	271M	291M	293M	298M	290M	270M	290M	265M	293M
Gross margin	13.8%	13.7%	13.6%	14.6%	14.9%	13.8%	14.5%	14.9%	14%	15.4%	13.8%	14.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	127M	118M	121M	129M	140M	154M	145M	146M	149M	143M	133M	143M
Operating expenses	129M	119M	118M	130M	145M	168M	145M	147M	149M	146M	136M	142M
Operating income	115M	118M	130M	141M	146M	125M	153M	143M	121M	144M	129M	151M
Operating margin	6.5%	6.82%	7.15%	7.6%	7.5%	5.89%	7.45%	7.33%	6.27%	7.64%	6.71%	7.61%
Non-operating income, net	-80M	-41M	30M	38M	25M	20M	45M	43M	70M	46M	51M	19M
Pretax income	5M	47M	129M	147M	134M	101M	157M	145M	152M	153M	143M	135M
Income tax	23M	26M	35M	40M	32M	23M	42M	39M	34M	40M	40M	38M
Net income	-18M	21M	94M	107M	102M	78M	115M	58M	117M	113M	101M	99M
Net margin	-1.02%	1.21%	5.17%	5.77%	5.24%	3.68%	5.6%	2.97%	6.06%	5.99%	5.25%	4.99%
EBITDA	69M	121M	190M	214M	212M	182M	239M	231M	234M	230M	221M	243M
EPS	-0.16	0.16	0.69	0.79	0.75	0.57	0.89	0.56	0.89	0.87	0.8	0.76
Diluted EPS	-0.16	0.15	0.69	0.79	0.75	0.57	0.88	0.56	0.89	0.87	0.8	0.75

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.4B	2.8B	2.1B	4.3B	4.4B	6.7B	7.2B	7.5B	7.7B	5.1B	4.4B
Enterprise value	2.6B	2.9B	3B	5.3B	5.9B	8.5B	8.9B	9.4B	10.3B	7.5B	6.8B
Shares outstanding	142M	141M	140M	141.8M	140.8M	139.8M	136.5M	135M	132.4M	126.5M	126.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	6.35	6.86	20.7	—	190.2	37.5	—	20.1	12.6	10.4
P/S	0.56	0.67	0.43	0.77	0.75	0.91	1.1	1.08	0.99	0.65	0.57
P/B	3.18	2.29	1.24	2.33	2.71	3.96	4.42	5.37	5.23	3.36	2.67
EV/EBITDA	19.4	9.23	6.99	11.7	12.4	23.3	18.8	38.9	12.8	8	10.1
EV/Sales	0.61	0.7	0.61	0.95	1.02	1.16	1.36	1.35	1.33	0.97	0.89
Earnings yield	—	15.7%	14.6%	4.83%	—	0.53%	2.66%	—	4.97%	7.93%	9.59%
FCF yield	2.11%	6.62%	6.96%	5.46%	7.97%	3.73%	4.51%	3.36%	5.02%	10.1%	6.41%
PEG	—	—	—	—	—	—	—	—	—	—	0.3

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	2.62%	10.5%	11.9%	11.6%	11.5%	11%	12.6%	14%	14.2%	14.8%	14.8%
Operating margin	-0.49%	4.68%	5.9%	5.53%	5.74%	5.44%	6.15%	6.97%	7.08%	7.3%	7.61%
Net margin	-1.19%	10.5%	6.31%	3.71%	-0.88%	0.48%	2.93%	-3.75%	4.92%	5.18%	5.49%
ROE	-6.85%	36%	18%	11.3%	-3.17%	2.08%	11.8%	-18.7%	26%	26.7%	27.5%
ROA	-1.23%	12%	6.14%	3.9%	-0.89%	0.56%	3.45%	-4.69%	5.72%	6.12%	5.2%
ROIC	0%	14.4%	8.83%	8.51%	10.5%	2.7%	8.2%	14.8%	9.99%	10.7%	9.62%
Return on tangible assets	-2.95%	34.9%	20.8%	11.4%	-6.24%	5.24%	188.2%	-235.1%	-309.8%	-179.9%	-754.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.31	1.33	1.38	1.34	1.12	1.15	0.96	1.05	1.05	1.22	1.15
Quick ratio	1.31	1.33	1.38	1.34	1.12	1.15	0.96	1.05	1.05	1.22	1.15
Debt / equity	0.93	0.42	0.74	0.79	1.14	1.26	1.21	1.47	1.95	1.91	1.7
Debt / assets	0.17	0.14	0.25	0.27	0.32	0.34	0.36	0.37	0.43	0.44	0.42
Net debt / EBITDA	1.6	0.41	2	2.21	3.25	5.1	3.59	7.82	3.26	2.59	2.74
Interest coverage	3.54	12.8	7	3.71	0.7	2.83	4.26	-0.44	4.55	4.89	4.94
Effective tax rate	100%	0%	21.7%	22%	0%	76%	32.4%	0%	25.4%	25.4%	26.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	30.1	29.6	35.1	39.8	41	52.5	48.1	51.5	58.5	61.6	60.6
EPS (basic)	-0.43	3.06	1.99	1.42	-0.51	0.13	1.39	-1.96	2.81	3.27	3.27
EPS (diluted)	-0.43	3.06	1.99	1.41	-0.51	0.12	1.26	-1.96	2.79	3.21	3.32
Book value per share	5.25	8.66	12.3	13.1	11.4	12	12	10.3	11.1	12	13
FCF per share	0.35	1.31	1.06	1.66	2.47	1.77	2.38	1.86	2.91	4.07	2.8
Cash per share	3.38	2.68	3.01	3.19	2.02	1.82	2.07	1.27	1.74	3.54	2.56
Capex per share	0.08	0.06	0.12	0.14	0.14	0.21	0.52	0.59	0.58	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.26%	0.19%	0.35%	0.35%	0.35%	0.41%	1.08%	1.15%	0.99%	—	—
Capex / operating cash flow	5.76%	4.17%	10.9%	8.06%	14.1%	103.4%	26.4%	23.4%	18.4%	—	—
Payout ratio	-90.2%	10.2%	14.2%	22%	-105.9%	174.3%	34.4%	-27.6%	20.7%	20.8%	19.9%
Dividend yield	1.94%	1.61%	2.07%	1.06%	1.24%	0.92%	0.92%	0.96%	1.03%	1.65%	1.89%

Yield

1.89%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.165

ex-dividend Sep 15, 2026

Payout ratio

20%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.165
Jun 15, 2026	$0.165
Mar 13, 2026	$0.165

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.8B	$1.7B	$1.8B	$1.9B	$1.9B	$2.1B	$2.1B	$2B	$1.9B	$1.9B	$1.9B	$2B
YoY change	+8.86%	+7.59%	+6.75%	+5.82%	+10%	+22.7%	+13%	+5.23%	-0.82%	-11.2%	-6.42%	+1.64%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	480M	378M	421M	452M	285M	254M	282M	172M	231M	448M
Receivables	592M	510M	927M	938M	899M	1.4B	942M	981M	1.1B	1.1B
Inventory	5M	—	—	—	—	—	—	—	—	—
Total current assets	2B	1.4B	2B	2B	1.6B	2.2B	1.7B	1.7B	1.9B	2.1B
Property, plant & equipment	359M	346M	348M	568M	570M	594M	701M	226M	327M	270M
Goodwill & intangibles	2.4B	2.4B	3.6B	3.5B	4.9B	5.5B	5.5B	5.5B	6.8B	6.8B
Total assets	4.1B	3.7B	5.1B	5.4B	5.7B	6.2B	5.6B	5.6B	6.7B	6.6B
Accounts payable	582M	380M	579M	613M	596M	1B	637M	593M	777M	712M
Short-term debt	9M	10M	32M	77M	61M	57M	412M	79M	94M	105M
Total current liabilities	1.6B	1.1B	1.4B	1.5B	1.5B	1.9B	1.8B	1.6B	1.8B	1.7B
Long-term debt	684M	498M	1.2B	1.4B	1.8B	2.1B	1.6B	2B	2.8B	2.8B
Total liabilities	3.4B	2.5B	3.3B	3.5B	4.1B	4.5B	3.9B	4.2B	5.2B	5.1B
Shareholders' equity	745M	1.2B	1.7B	1.9B	1.6B	1.7B	1.6B	1.4B	1.5B	1.5B
Total debt	693M	508M	1.3B	1.5B	1.8B	2.1B	2B	2.1B	2.9B	2.9B
Net debt	213M	130M	854M	1B	1.5B	1.9B	1.7B	1.9B	2.6B	2.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	234M	172M	191M	282M	315M	231M	315M	285M	418M	448M	321M	252M
Receivables	1B	981M	1B	479M	1.1B	1.1B	1.1B	611M	575M	1.1B	1B	1.1B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.1B	1.7B	1.7B	1.8B	2B	1.9B	2.1B	2.1B	2.1B	2.1B	1.9B	2B
Property, plant & equipment	370M	226M	387M	409M	489M	327M	488M	429M	453M	270M	439M	451M
Goodwill & intangibles	5.4B	5.5B	5.4B	5.4B	6.9B	6.8B	6.8B	6.9B	6.8B	6.8B	6.8B	6.7B
Total assets	6B	5.6B	5.6B	5.8B	6.8B	6.7B	6.8B	6.8B	6.6B	6.6B	6.6B	6.7B
Accounts payable	687M	593M	669M	676M	737M	777M	792M	813M	733M	712M	706M	749M
Short-term debt	288M	79M	22M	22M	46M	94M	39M	43M	46M	105M	49M	49M
Total current liabilities	2.1B	1.6B	1.6B	1.7B	1.8B	1.8B	1.9B	1.9B	1.8B	1.7B	1.7B	1.7B
Long-term debt	1.7B	2B	2B	2.1B	2.8B	2.8B	2.9B	2.8B	2.8B	2.8B	2.8B	2.7B
Total liabilities	4.4B	4.2B	4.2B	4.4B	5.3B	5.2B	5.4B	5.3B	5.2B	5.1B	5B	5B
Shareholders' equity	1.6B	1.4B	1.4B	1.4B	1.5B	1.5B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B
Total debt	2B	2.1B	2B	2.1B	2.8B	2.9B	3B	2.8B	2.8B	2.9B	2.8B	2.8B
Net debt	1.7B	1.9B	1.8B	1.8B	2.5B	2.6B	2.6B	2.5B	2.4B	2.4B	2.5B	2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-51M	440M	310M	209M	-51M	35M	192M	-261M	381M	458M
Depreciation & amortization	45M	48M	63M	104M	115M	146M	137M	141M	156M	169M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	177M	-14M	-171M	-39M	121M	-207M	-81M	-45M	-98M	-15M
Operating cash flow	191M	192M	156M	248M	142M	29M	269M	342M	419M	557M
Capital expenditure	-11M	-8M	-17M	-20M	-20M	-30M	-71M	-80M	-77M	—
Investing cash flow	-981M	-12M	-491M	-158M	-877M	-428M	37M	-70M	-776M	58M
Dividends paid	-46M	-45M	-44M	-46M	-54M	-61M	-66M	-72M	-79M	-84M
Share repurchases	-4M	-53M	-3M	-4M	-51M	-82M	-203M	-138M	-218M	-329M
Financing cash flow	575M	-299M	532M	-203M	-56M	236M	-415M	-159M	283M	-439M
Net change in cash	-215M	-119M	197M	-113M	-791M	-163M	-109M	113M	-74M	176M
Free cash flow	50M	185M	148M	236M	347M	248M	325M	251M	385M	515M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-18M	21M	94M	107M	103M	78M	115M	106M	118M	113M	103M	97M
Depreciation & amortization	34M	37M	36M	35M	41M	44M	41M	45M	43M	40M	41M	42M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-3M	-66M	-15M	-62M	0	-52M	-116M	113M	21M	-20M	-58M	-44M
Operating cash flow	-15M	66M	119M	102M	153M	55M	32M	217M	198M	51M	110M	50M
Capital expenditure	-22M	-20M	-25M	-10M	-30M	-23M	-9M	—	—	—	—	—
Investing cash flow	-22M	-27M	11M	-3M	-770M	-25M	-9M	-8M	77M	-11M	-176M	-12M
Dividends paid	-18M	-19M	-18M	-21M	-20M	-20M	-20M	-21M	-22M	-21M	-21M	-21M
Share repurchases	0	-1M	-61M	-97M	-9M	-51M	-156M	-48M	-100M	-25M	-4M	-25M
Financing cash flow	-127M	702M	-133M	-73M	633M	-144M	-15M	-222M	-140M	-62M	-55M	-98M
Net change in cash	-164M	741M	-3M	26M	16M	-114M	8M	-13M	135M	-22M	-121M	-60M
Free cash flow	-62M	63M	66M	160M	136M	17M	89M	203M	190M	33M	98M	34M

KBR Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement