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Provides government technology, engineering and logistics services for defense, space, energy and infrastructure customers.
Provides government technology, engineering and logistics services for defense, space, energy and infrastructure customers.
Government work, paid on multi-year contracts, many cost-reimbursable, is the larger and steadier part; the smaller technology unit earns licence fees and equipment and design work on ammonia, refining and petrochemical plants, which is lumpier and tied to energy and chemical investment. Since 2018 it has dropped risky fixed-price construction contracts to focus on services and technology.
Moat: narrow (regulatory licence, customer qualification, installed base). Long-standing government contract vehicles and security clearances are hard for new entrants to replicate.
Headquarters: Houston, Texas, United States · Founded: 1901 · Employees: 36,000
Size KBR (KBR) is a United States Information Technology company (Information Technology Services) with a market value of $4.69B, the 1227th largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.17 on 6 Nov 2026.
Performance Over six months the shares gained 14.2%, against +13.3% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 3.0% over the last twelve months (peer median +7.9%); the operating margin is 9.3% (peer median 9.2%).
Valuation It trades at 9.5× forward earnings against a peer median of 15.3× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points above its cost of capital (6.4% WACC).
Backlog Backlog (remaining performance obligations) was $13.6B at 2 Oct 2026, up 1% on a year earlier — 1.7 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.9% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $7.82B | $7.79B | $7.71B | $6.96B | $6.56B |
| Revenue growth | — | +1% | +11% | +6% | — |
| Gross profit | $1.15B | $1.15B | $1.10B | $977M | $828M |
| EBITDA | $892M | $951M | $819M | $630M | $545M |
| Net income | $440M | $450M | $374M | -$265M | $189M |
| Free cash flow | $323M | $482M | $410M | $251M | $325M |
| Capital expenditure | $54.0M | $42.0M | $52.0M | $80.0M | $71.0M |
| Total debt | $2.78B | $2.89B | $2.85B | $2.06B | $1.98B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| KBR KBR | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| Fluor FLR | $6.22B | +7% | -5% | -2% | 14.2× | n/a |
| Aecom ACM | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KBR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.7% | -1.6% | 8th highest of 21 |
| 6-month return | +14.2% | +13.3% | 9th highest of 21 |
| Distance from 52-week high | -18.1% | -25.5% | 8th highest of 21 |
| Revenue growth (TTM) | -3.0% | +7.9% | lowest of 21 |
| Operating margin | 9.3% | 9.2% | 11th highest of 21 |
| Forward P/E | 9.5× | 15.3× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -8.7% | 2.9% | 3rd least demanding of 20 |
| Growth delivered (Del g) | +6.2% | +8.6% | 9th lowest of 20 |
| Hurdle (Req g minus delivered) | -14.9 pp | -1.8 pp | 4th least demanding of 20 |
| ROIC minus cost of capital | +7.5 pp | +5.3 pp | 8th highest of 20 |
| EV / EBITDA | 7.9× | 10.1× | 5th cheapest of 16 |
| Net debt / EBITDA | 2.6× | -0.1× | 3rd most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
| NS Solutions 2327.T | Japan | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% | +8.6% |
| Sopra Steria SOP.PA | France | $4.29B | +50% | +2% | 9% | 11.2× | -0.6% | +5.8% |
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| Workiva WK | United States | $3.96B | +42% | +20% | 3% | 23.0× | 33.1% | +20.3% |
| Sterlite Technologies STLTECH.NS | India | $3.91B | +101% | +63% | 17% | 28.2× | 22.6% | -0.4% |
| Box BOX | United States | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% | +8.8% |
| Ingram Micro INGM | United States | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% | +1.4% |
| NICE Ltd. Sponsored ADR NICE | United States | $5.87B | +4% | +8% | 17% | 7.8× | -0.7% | +12.3% |
| Jiangsu Hoperun Software 300339.SZ | China | $3.65B | -31% | +11% | 3% | 141.9× | n/a | n/a |
| TravelSky Technology 0696.HK | Hong Kong | $3.59B | -5% | +7% | 28% | 9.8× | -16.5% | +9.0% |
| Science Applications International SAIC | United States | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% | +0.6% |
KBR reported $13.6B of remaining performance obligations at 2 Oct 2026, up 1% from a year earlier and down 1% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 0.95.