KBR (KBR)
Market Price (4/15/2026): $36.5 | Market Cap: $4.6 BilSector: Industrials | Industry: Diversified Support Services
KBR (KBR)
Market Price (4/15/2026): $36.5Market Cap: $4.6 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.0%, FCF Yield is 11% Low stock price volatilityVol 12M is 29% Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Energy Transition & Decarbonization, and Hydrogen Economy. Themes include Commercial Space Exploration, Show more. | Weak multi-year price returns2Y Excs Rtn is -76%, 3Y Excs Rtn is -101% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53% Weak revenue growthRev Chg QQuarterly Revenue Change % is -11% Key risksKBR key risks include [1] severe financial and reputational damage from the "for cause" termination of its major DoD household goods contract due to operational failures, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.0%, FCF Yield is 11% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Energy Transition & Decarbonization, and Hydrogen Economy. Themes include Commercial Space Exploration, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -76%, 3Y Excs Rtn is -101% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -11% |
| Key risksKBR key risks include [1] severe financial and reputational damage from the "for cause" termination of its major DoD household goods contract due to operational failures, Show more. |
Qualitative Assessment
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KBR (KBR) stock has lost about 10% since 12/31/2025 because of the following key factors:
1. Revenue Miss in Q4 2025 Earnings Report.
KBR reported its fourth-quarter 2025 adjusted earnings per share (EPS) of $0.99 on February 26, 2026, which surpassed analyst estimates of $0.95 by $0.04, or 4.21%. However, the company's revenue for the quarter was $1.9 billion, representing an 11% decrease year-over-year and missing analyst expectations of $1.91 billion by approximately $39 million.
2. Challenging Award Environment and EUCOM Scope Reductions.
The decline in revenue during Q4 2025 was primarily attributed to a slower pace of new contract awards and reductions in the scope of work for contingency EUCOM contracts. KBR's CEO, Stuart Bradie, highlighted that the company was navigating a "challenging award environment" during this period, which impacted revenue generation.
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1. Revenue Miss in Q4 2025 Earnings Report.
KBR reported its fourth-quarter 2025 adjusted earnings per share (EPS) of $0.99 on February 26, 2026, which surpassed analyst estimates of $0.95 by $0.04, or 4.21%. However, the company's revenue for the quarter was $1.9 billion, representing an 11% decrease year-over-year and missing analyst expectations of $1.91 billion by approximately $39 million.
2. Challenging Award Environment and EUCOM Scope Reductions.
The decline in revenue during Q4 2025 was primarily attributed to a slower pace of new contract awards and reductions in the scope of work for contingency EUCOM contracts. KBR's CEO, Stuart Bradie, highlighted that the company was navigating a "challenging award environment" during this period, which impacted revenue generation.
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Stock Movement Drivers
Fundamental Drivers
The -9.1% change in KBR stock from 12/31/2025 to 4/14/2026 was primarily driven by a -18.1% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.02 | 36.36 | -9.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,046 | 7,823 | -2.8% |
| Net Income Margin (%) | 4.7% | 5.3% | 12.3% |
| P/E Multiple | 13.5 | 11.0 | -18.1% |
| Shares Outstanding (Mil) | 128 | 126 | 1.6% |
| Cumulative Contribution | -9.1% |
Market Drivers
12/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| KBR | -9.1% | |
| Market (SPY) | -5.4% | 39.2% |
| Sector (XLI) | 11.8% | 46.4% |
Fundamental Drivers
The -22.5% change in KBR stock from 9/30/2025 to 4/14/2026 was primarily driven by a -33.4% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.90 | 36.36 | -22.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,052 | 7,823 | -2.8% |
| Net Income Margin (%) | 4.5% | 5.3% | 17.0% |
| P/E Multiple | 16.6 | 11.0 | -33.4% |
| Shares Outstanding (Mil) | 129 | 126 | 2.4% |
| Cumulative Contribution | -22.5% |
Market Drivers
9/30/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| KBR | -22.5% | |
| Market (SPY) | -2.9% | 35.7% |
| Sector (XLI) | 12.8% | 45.7% |
Fundamental Drivers
The -25.9% change in KBR stock from 3/31/2025 to 4/14/2026 was primarily driven by a -37.1% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.08 | 36.36 | -25.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,710 | 7,823 | 1.5% |
| Net Income Margin (%) | 4.9% | 5.3% | 9.1% |
| P/E Multiple | 17.5 | 11.0 | -37.1% |
| Shares Outstanding (Mil) | 134 | 126 | 6.3% |
| Cumulative Contribution | -25.9% |
Market Drivers
3/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| KBR | -25.9% | |
| Market (SPY) | 16.3% | 48.6% |
| Sector (XLI) | 33.7% | 53.1% |
Fundamental Drivers
The -31.6% change in KBR stock from 3/31/2023 to 4/14/2026 was primarily driven by a -71.6% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.17 | 36.36 | -31.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,564 | 7,823 | 19.2% |
| Net Income Margin (%) | 2.9% | 5.3% | 83.3% |
| P/E Multiple | 38.9 | 11.0 | -71.6% |
| Shares Outstanding (Mil) | 139 | 126 | 10.3% |
| Cumulative Contribution | -31.6% |
Market Drivers
3/31/2023 to 4/14/2026| Return | Correlation | |
|---|---|---|
| KBR | -31.6% | |
| Market (SPY) | 63.3% | 42.7% |
| Sector (XLI) | 78.7% | 50.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KBR Return | 56% | 12% | 6% | 6% | -30% | -8% | 26% |
| Peers Return | 23% | 19% | 10% | 19% | -2% | -4% | 79% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| KBR Win Rate | 83% | 58% | 58% | 58% | 25% | 25% | |
| Peers Win Rate | 53% | 58% | 55% | 65% | 55% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KBR Max Drawdown | -6% | -9% | -9% | -6% | -31% | -11% | |
| Peers Max Drawdown | -10% | -14% | -17% | -7% | -21% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LDOS, J, FLR, ACM, SAIC. See KBR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/14/2026 (YTD)
How Low Can It Go
| Event | KBR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -24.1% | -25.4% |
| % Gain to Breakeven | 31.7% | 34.1% |
| Time to Breakeven | 175 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -58.2% | -33.9% |
| % Gain to Breakeven | 139.2% | 51.3% |
| Time to Breakeven | 294 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.1% | -19.8% |
| % Gain to Breakeven | 56.5% | 24.7% |
| Time to Breakeven | 122 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -77.6% | -56.8% |
| % Gain to Breakeven | 346.3% | 131.3% |
| Time to Breakeven | 4,736 days | 1,480 days |
Compare to LDOS, J, FLR, ACM, SAIC
In The Past
KBR's stock fell -24.1% during the 2022 Inflation Shock from a high on 7/3/2023. A -24.1% loss requires a 31.7% gain to breakeven.
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About KBR (KBR)
KBR, Inc. provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia. Its services cover research and development, advanced prototyping, acquisition support, systems engineering, cyber analytics, space domain awareness, test and evaluation, systems integration and program management, global supply chain management, and operations readiness and support, as well as command, control, communications, computers, intelligence, surveillance, and reconnaissance services. This segment also provides various professional advisory services to deliver high-end systems engineering, systems assurance, and technology to customers across the defense, energy, and critical infrastructure sectors. The Sustainable Technology Solutions segment holds a portfolio of approximately 70 proprietary process technologies for ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining, and circular process/circular economy solutions. This segment also includes advisory and consulting practices that focuses on energy transition and net-zero carbon emission consulting; and provides engineering, design, and professional services, as well as industrial solutions through KBR INSITE, a proprietary, digital, and cloud-based operations and maintenance platform that identifies opportunities for clients to achieve sustainable improvements in production, reliability, environment impact, energy efficiency, and profitability. KBR, Inc. was founded in 1998 and is headquartered in Houston, Texas.
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1. Like a Booz Allen Hamilton for advanced defense, space, and intelligence technology services.
2. Like a Honeywell UOP for sustainable industrial process technologies and energy transition consulting.
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- Government Life-Cycle Support: Provides comprehensive support from research and development to operations readiness for defense, intelligence, space, aviation, and other government programs.
- Government Professional Advisory: Offers high-end systems engineering, systems assurance, and technology advisory services to defense, energy, and critical infrastructure sectors.
- Proprietary Process Technologies: Delivers a portfolio of approximately 70 technologies for ammonia, chemicals, clean refining, and circular economy solutions.
- Energy Transition & Net-Zero Consulting: Provides advisory and consulting services focused on energy transition and achieving net-zero carbon emissions.
- Engineering, Design & Professional Services: Offers general engineering, design, and professional services for commercial customers.
- KBR INSITE Industrial Solutions: A proprietary digital platform providing operations and maintenance solutions for sustainable industrial improvements.
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KBR, Inc. serves two primary categories of major customers:
- Governments and Government Agencies: KBR's Government Solutions segment provides life-cycle support solutions and professional advisory services to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies primarily in the United States, the United Kingdom, and Australia. This includes customers across the defense, energy, and critical infrastructure sectors.
- Commercial Customers (Other Companies): Through its Sustainable Technology Solutions segment, KBR provides proprietary process technologies, advisory, consulting, engineering, and industrial solutions to companies in various industries worldwide. These commercial customers include those in the ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining, and circular process/circular economy sectors. KBR also serves companies focused on energy transition and net-zero carbon emission consulting.
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Stuart J. B. Bradie President and Chief Executive Officer
Stuart Bradie joined KBR in June 2014 as President and Chief Executive Officer, and is set to assume the additional role of Chair of the Board in May 2025. With over 30 years of industry experience, he leads KBR from its headquarters in Houston, Texas, and a UK office in Leatherhead. Prior to KBR, Mr. Bradie served as Group Managing Director – Operations and Delivery at WorleyParsons Ltd., where he oversaw global operations across the hydrocarbons, mining, chemicals, power, and infrastructure sectors in more than 40 countries. His tenure at WorleyParsons, which he joined in 2001, included roles as Managing Director for Europe, Africa, Asia, and the Middle East. Earlier in his career, he held Managing Director and Country Manager positions with PT Kvaerner Indonesia and Kvaerner Philippines. Mr. Bradie holds a Bachelor of Science degree in Mechanical Engineering from the University of Aberdeen and a Master of Business Administration from the Edinburgh Business School, Heriot-Watt University. He also joined the board of directors of Rolls-Royce Holdings plc in May 2023.
Shad Evans Executive Vice President and Chief Financial Officer
Shad Evans was appointed as KBR's Executive Vice President and Chief Financial Officer in January 2026. Prior to this role, he was President of KBR's Government Solutions U.S. business, a position he assumed in 2024. Before that, he served as Senior Vice President of Investor Relations and was also the Chief Accounting Officer and Vice President of Internal Audit at KBR. He joined the company in 2015 as Vice President, Internal Audit. Mr. Evans previously held positions at EY, a global accounting firm, for over 12 years. He is a Certified Public Accountant and holds a Bachelor of Business Administration in Accounting from the University of Houston.
Greg Conlon Chief Digital & Development Officer
Greg Conlon serves as KBR's Chief Digital & Development Officer, a role he assumed in January 2019. In this position, he is responsible for the company's digital strategy and its implementation. Before his current role, Mr. Conlon was KBR's Executive Vice President and Chief Development Officer, overseeing Strategy, Global Business Development, Marketing, Consulting, and Mergers and Acquisitions. He also previously served as KBR's President, Asia-Pacific (APAC), with responsibility for Engineering and Construction (E&C) and Government Services in that region.
Jenni Myles Executive Vice President and Chief People Officer
Jenni Myles joined KBR in May 2020 as Executive Vice President and Chief People Officer. She brings over 30 years of human resources experience to KBR and is known for delivering sustainable business results. Before KBR, Ms. Myles spent 20 years at G4S, a leading integrated security company, where she held various positions of increasing responsibility. Her last role at G4S was Group HR Director, where she was a core member of the Group Executive Committee, sharing responsibility for overall business transformation and strategy delivery, and establishing a global human resources strategy.
Jay Ibrahim President, Sustainable Technology Solutions
Jay Ibrahim serves as President of KBR's Sustainable Technology Solutions segment. He also previously held the position of President of Engineering and Construction for the Middle East and North Africa at KBR. In his current role, Mr. Ibrahim oversees KBR's portfolio of proprietary process technologies and its advisory and consulting practices focused on energy transition and net-zero carbon emissions.
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Here are the key risks to KBR's business:- Dependence on Government Contracts and Associated Execution Risks: KBR's significant reliance on government and technology solutions means its financial performance is highly susceptible to federal spending decisions, budget changes, and policy shifts. The company has experienced delays in contract awards, unresolved bid protests, and revenue headwinds from government shutdowns. A notable instance includes the termination of a major military contract with its HomeSafe joint venture due to operational issues, which led to a downward revision of full-year revenue guidance and triggered securities class-action lawsuits. KBR’s substantial backlog, while an indicator of future revenue, remains vulnerable to these governmental and operational delays and challenges in converting awards into revenue.
- Exposure to International Conflicts and Geopolitical Instability: As a global company with operations across more than 30 countries and involvement in international defense programs, KBR is exposed to the risks of international conflicts, geopolitical tensions, and global tariffs. Such events can disrupt supply chains, increase operational costs, and impact project timelines, thereby potentially reducing profitability and market share. Reductions in work related to European Command (EUCOM) and Logistics have already contributed to revenue misses.
- Legal and Regulatory Compliance Challenges: The company faces ongoing legal and regulatory requirements that demand continuous vigilance and robust compliance measures. The termination of the HomeSafe contract, specifically, led to class-action lawsuits alleging misleading statements to investors about the contract's status and operational issues. Such legal and regulatory pressures, including those related to contract disputes and compliance with various governmental regulations, can introduce significant financial and reputational risks.
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KBR, Inc. operates in various addressable markets through its Government Solutions and Sustainable Technology Solutions segments.
Government Solutions Segment
-
Defense, Intelligence, Space, and Aviation programs:
- The global defense spending market is expected to grow from USD 2.7 trillion in 2024 to USD 6.38 trillion by 2035, at a Compound Annual Growth Rate (CAGR) of 8.13% during the forecast period 2025-2035. Global military spending reached $2.7 trillion in 2024. North America is estimated to hold a substantial share of the defense spending market, with the U.S. spending $997 billion in 2024, or 36.7% of global military spending.
- The global space economy market was valued at USD 418 billion in 2024 and is projected to reach USD 788.7 billion by 2034, growing at a CAGR of 6.7%. Another source indicates the global space economy reached $596 billion in 2024 and is projected to grow to $944 billion by 2033. North America held a dominant market position in 2024, capturing more than a 35.5% share, with USD 149.2 billion revenue. The U.S. market alone reached USD 130.1 billion.
- The global government and defense cybersecurity market size was valued at US$ 35,871.6 million in 2025 and is estimated to grow at a CAGR of 10.8% from 2025 to 2033, reaching USD 80,698.7 million by 2033. North America was the largest revenue-generating market in 2025.
Sustainable Technology Solutions Segment
-
Proprietary process technologies (Ammonia/Syngas/Fertilizers, Chemical/Petrochemicals, Clean Refining):
- The global ammonia market size was valued at USD 83.32 billion in 2024 and is estimated to reach USD 127.10 billion by 2033, exhibiting a CAGR of 4.3% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 55.9% in 2024. The global clean ammonia (blue and green) market size was valued at around USD 2.5 billion in 2025 and is projected to reach USD 24 billion by 2032, with a CAGR of around 45.78%.
- The global syngas market size was estimated at USD 230.05 million Nm3/hr in 2023 and is projected to reach USD 477.97 million Nm3/hr by 2030, growing at a CAGR of 11.3%. Asia Pacific dominated the market, accounting for the largest volume share of 53.5% in 2023.
- The global petrochemical market size was estimated at USD 625,142.2 million in 2024 and is projected to rise at a CAGR of 7.8% between 2024 and 2031. North America held the major market share, more than 40% of the global revenue, with a market size of USD 250,056.9 million in 2024. The global petrochemical market size was calculated at USD 700.10 billion in 2025 and is predicted to increase to approximately USD 1,257.50 billion by 2035, expanding at a CAGR of 6.03% from 2026 to 2035. Asia Pacific dominated the market with a revenue share of 52.14% in 2025.
- The global industrial cleaning market in refineries, which is related to KBR's clean refining solutions, was valued at USD 45.3 billion in 2024 and is expected to reach USD 55.7 billion by 2032, growing at a CAGR of 5.04%. North America is projected to hold a leading position, accounting for approximately 41% of the global market share in 2025.
- The broader global clean technology market, encompassing circular economy solutions, was estimated at USD 916.20 billion in 2024 and is projected to reach USD 1,844.70 billion by 2030, growing at a CAGR of 12.7%. Asia Pacific dominated the industry with a revenue share of over 50.0% in 2024.
-
Advisory and consulting (Energy Transition and Net-Zero Carbon Emission):
- The global energy consulting market is projected to expand from USD 17.3 billion in 2024 to USD 23.3 billion by 2030, growing at a CAGR of 4.9%. North America leads the global energy consulting industry, accounting for approximately 45% of the market volume. The global renewables energy consulting service market was valued at USD 695.7 million in 2025 and is projected to reach USD 1,558.5 million by 2035 at a CAGR of 8.4%.
- The global corporate net-zero consulting market size reached USD 7.8 billion in 2024 and is expected to expand at a CAGR of 13.2% between 2025 and 2033, with the total value forecasted to reach USD 23.6 billion by 2033. Europe remains the dominant market for corporate net-zero consulting in 2024, accounting for approximately 38% of global revenues, followed by North America with 31%. The global Carbon Neutrality Consulting Services market was valued at US$ 20321 million (USD 20.321 billion) in 2025 and is anticipated to reach US$ 32998 million (USD 32.998 billion) by 2032, at a CAGR of 7.2% from 2026 to 2032.
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Engineering, Design, and Professional Services:
- The global engineering services market size was valued at USD 3.66 trillion in 2025 and is expected to hit around USD 5.74 trillion by 2035, growing at a CAGR of 4.6% from 2026 to 2035. Asia Pacific accounted for the largest revenue share of nearly 37% in 2024. The U.S. market size is estimated to be USD 0.45 trillion in 2026.
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Here are 3-5 expected drivers of future revenue growth for KBR (symbol: KBR) over the next 2-3 years:
- Sustainable Technology Solutions (STS) Segment Growth: KBR anticipates significant revenue growth from its Sustainable Technology Solutions segment, driven by increasing global demand for energy transition, decarbonization, and circular economy solutions. The company is leveraging its portfolio of proprietary process technologies for ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining, and circular economy solutions to meet this demand. This segment is expected to achieve double-digit revenue growth.
- Government Solutions (Mission Technology Solutions - MTS) Segment Growth: The Government Solutions segment, now referred to as Mission Technology Solutions, is expected to see continued revenue expansion. This growth is fueled by increased government spending on defense and logistics due to elevated geopolitical risks, alongside new and on-contract growth across its Defense & Intelligence, Science & Space, and International programs.
- Strategic Acquisitions and International Expansion: KBR aims to drive revenue growth through strategic acquisitions, such as the past integration of LinQuest, which contribute to its capabilities and market reach. Additionally, the company is focused on international expansion, leveraging synergies between its U.S. and global operations to access new markets and opportunities in both its government and sustainable technology segments.
- Conversion of Robust Backlog into Revenue: KBR benefits from a substantial and growing backlog across both its Government Solutions and Sustainable Technology Solutions segments. This significant backlog provides strong revenue visibility and a solid foundation for future earnings as existing projects are executed and delivered over the next several years.
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Share Repurchases
- KBR authorized $454 million of share repurchases in February 2025, increasing the total amount authorized to $750 million.
- As of January 2, 2026, $427 million remained available for repurchase under this authorization.
- In fiscal year 2025, KBR returned $413 million to shareholders through buybacks and dividends.
Share Issuance
- KBR's shares outstanding for the quarter ending December 31, 2025, were 129 million, representing a 3.73% decline year-over-year.
Outbound Investments
- KBR acquired LinQuest Corp., a specialist in national security space systems, for $737 million in July 2024.
- In 2022, KBR acquired the UK-based VIMA Group, a digital transformation technology company, and expanded its investment in Mura Technology, a pioneer in circular plastics recycling.
- In October 2021, KBR purchased Frazer-Nash Consultancy, a UK and Australian systems, engineering, and technology company, for approximately £293 million ($406 million).
Capital Expenditures
- Capital expenditures for KBR were $71 million in 2022, $80 million in 2023, and $77 million in fiscal year 2024.
- KBR projected capital expenditures of approximately $50 to $65 million for fiscal year 2025. Fiscal year 2026 guidance projects capital expenditures of approximately $40 to $50 million.
- KBR operates a low capital intensity business model and aims for less capital-intensive work.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is 14.2% Fall In KBR (KBR) Stock A Buying Opportunity? | 03/11/2026 | |
| KBR Earnings Notes | 12/29/2026 | |
| KBR Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| How Does KBR Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than KBR Stock: Pay Less Than KBR To Get More From OKE, IBKR | 08/12/2025 | |
| Better Bet Than KBR Stock: Pay Less Than KBR To Get More From ALK | 08/12/2025 | |
| KBR Dip Buy Analysis | 07/10/2025 | |
| KBR Total Shareholder Return (TSR): 9.0% in 2024 and 9.5% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| KBR (KBR) Operating Cash Flow Comparison | 02/17/2025 | |
| ARTICLES | ||
| Time To Buy The Dip In KBR Stock? | 03/11/2026 | |
| Stocks Trading At 52-Week Low | 10/31/2025 |
Trade Ideas
Select ideas related to KBR.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
| 03312020 | KBR | KBR | Dip Buy | DB | Growth | FCF YieldDip Buy with Growth and High Free Cash Flow YieldBuying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap) | 10.7% | 87.8% | -15.6% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 89.81 |
| Mkt Cap | 9.5 |
| Rev LTM | 13,947 |
| Op Inc LTM | 724 |
| FCF LTM | 565 |
| FCF 3Y Avg | 539 |
| CFO LTM | 649 |
| CFO 3Y Avg | 614 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.5% |
| Rev Chg 3Y Avg | 6.1% |
| Rev Chg Q | -4.1% |
| QoQ Delta Rev Chg LTM | -1.0% |
| Op Mgn LTM | 7.1% |
| Op Mgn 3Y Avg | 6.8% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 6.7% |
| CFO/Rev 3Y Avg | 6.0% |
| FCF/Rev LTM | 6.2% |
| FCF/Rev 3Y Avg | 5.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.5 |
| P/S | 0.6 |
| P/EBIT | 8.8 |
| P/E | 12.6 |
| P/CFO | 10.2 |
| Total Yield | 7.0% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 5.6% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.4% |
| 3M Rtn | -13.9% |
| 6M Rtn | -17.3% |
| 12M Rtn | -0.1% |
| 3Y Rtn | 21.1% |
| 1M Excs Rtn | -6.5% |
| 3M Excs Rtn | -15.3% |
| 6M Excs Rtn | -22.2% |
| 12M Excs Rtn | -30.4% |
| 3Y Excs Rtn | -45.8% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $36.36 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 11/16/2006 | |
| Distance from 52W High | -34.2% | |
| 50 Days | 200 Days | |
| DMA Price | $39.32 | $43.61 |
| DMA Trend | down | down |
| Distance from DMA | -7.5% | -16.6% |
| 3M | 1YR | |
| Volatility | 30.7% | 29.3% |
| Downside Capture | 0.71 | 0.61 |
| Upside Capture | 74.42 | 49.30 |
| Correlation (SPY) | 34.9% | 33.1% |
KBR Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.32 | 0.81 | 1.02 | 0.88 | 0.83 | 0.78 |
| Up Beta | 0.44 | 0.83 | 1.04 | 0.27 | 0.77 | 0.66 |
| Down Beta | -0.09 | 0.17 | 0.80 | 0.99 | 0.91 | 0.92 |
| Up Capture | -17% | 81% | 117% | 65% | 49% | 34% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 6 | 16 | 27 | 55 | 114 | 387 |
| Down Capture | 99% | 123% | 110% | 115% | 105% | 98% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 16 | 26 | 36 | 70 | 137 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KBR | |
|---|---|---|---|---|
| KBR | -24.7% | 29.4% | -0.96 | - |
| Sector ETF (XLI) | 42.1% | 15.4% | 2.08 | 41.8% |
| Equity (SPY) | 24.2% | 12.9% | 1.49 | 35.0% |
| Gold (GLD) | 53.4% | 27.6% | 1.55 | 1.5% |
| Commodities (DBC) | 26.8% | 16.2% | 1.47 | 10.0% |
| Real Estate (VNQ) | 18.7% | 13.8% | 1.00 | 30.5% |
| Bitcoin (BTCUSD) | -6.8% | 42.9% | -0.05 | 27.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KBR | |
|---|---|---|---|---|
| KBR | 0.2% | 27.8% | 0.02 | - |
| Sector ETF (XLI) | 13.5% | 17.3% | 0.61 | 55.1% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 45.9% |
| Gold (GLD) | 22.5% | 17.8% | 1.03 | 9.7% |
| Commodities (DBC) | 11.7% | 18.8% | 0.51 | 22.5% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 37.5% |
| Bitcoin (BTCUSD) | 5.8% | 56.5% | 0.32 | 16.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KBR | |
|---|---|---|---|---|
| KBR | 11.1% | 36.6% | 0.40 | - |
| Sector ETF (XLI) | 14.2% | 19.9% | 0.63 | 64.7% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 58.3% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | 3.7% |
| Commodities (DBC) | 8.8% | 17.6% | 0.42 | 32.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 46.8% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 15.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | 0.5% | -4.5% | -11.6% |
| 10/30/2025 | 3.2% | 0.4% | 5.2% |
| 7/31/2025 | 2.7% | 9.0% | 12.7% |
| 5/6/2025 | 0.4% | 3.3% | -3.4% |
| 2/24/2025 | -3.8% | -3.7% | 2.9% |
| 10/23/2024 | -4.5% | -4.5% | -17.5% |
| 7/24/2024 | 0.4% | 0.3% | 0.5% |
| 4/30/2024 | 1.0% | 3.6% | -0.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 13 |
| # Negative | 7 | 8 | 8 |
| Median Positive | 1.8% | 4.3% | 5.5% |
| Median Negative | -0.9% | -3.6% | -2.4% |
| Max Positive | 7.4% | 14.6% | 25.7% |
| Max Negative | -4.5% | -4.5% | -17.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 7.90 Bil | 8.13 Bil | 8.36 Bil | 4.2% | Raised | Guidance: 7.80 Bil for 2025 | |
| 2026 Adjusted EBITDA | 980.00 Mil | 1.01 Bil | 1.04 Bil | 4.1% | Raised | Guidance: 970.00 Mil for 2025 | |
| 2026 Adjusted EPS | 3.87 | 4.05 | 4.22 | 5.7% | Raised | Guidance: 3.83 for 2025 | |
| 2026 Adjusted Operating cash flows | 560.00 Mil | 580.00 Mil | 600.00 Mil | 10.5% | Raised | Guidance: 525.00 Mil for 2025 | |
| 2026 Capital expenditures | 40.00 Mil | 45.00 Mil | 50.00 Mil | ||||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 7.75 Bil | 7.80 Bil | 7.85 Bil | -2.5% | Lowered | Guidance: 8.00 Bil for 2025 | |
| 2025 Adjusted EBITDA | 960.00 Mil | 970.00 Mil | 980.00 Mil | 0 | Affirmed | Guidance: 970.00 Mil for 2025 | |
| 2025 Adjusted EPS | 3.78 | 3.83 | 3.88 | 0 | Affirmed | Guidance: 3.83 for 2025 | |
| 2025 Operating cash flows | 500.00 Mil | 525.00 Mil | 550.00 Mil | 0 | Affirmed | Guidance: 525.00 Mil for 2025 | |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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