KBR, Inc.
- Open
- 37.51
- Day high
- 37.52
- Day low
- 36.82
- Prev close
- 37.50
- Volume
- 54K
- Mkt cap
- $4.7B
- P/E (TTM)
- 11.1
- EPS (TTM)
- $3.32
- P/B
- 2.9
- P/S
- 0.6
- Yield
- 1.78%
- Per share
- $0.66
KBR, Inc. (KBR) is a Industrials company listed on NYSE. The stock is down 25% over the past year.
KBR, Inc. (KBR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KBR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.90 | $0.99 | +10.5% | $2.0B | +6.0% |
| May 5, 2026 | $0.92 | $0.96 | +4.3% | $1.9B | +2.4% |
| Feb 26, 2026 | $0.95 | $0.99 | +4.2% | $1.9B | -1.1% |
| Oct 30, 2025 | $0.95 | $1.02 | +7.4% | $1.9B | +1.4% |
| Jul 31, 2025 | $0.88 | $0.91 | +3.4% | $2.0B | -3.9% |
| Oct 23, 2024 | $0.84 | $0.84 | +0.0% | $1.9B | -2.7% |
| Jul 24, 2024 | $0.79 | $0.83 | +5.1% | $1.9B | -4.4% |
| Apr 30, 2024 | $0.70 | $0.77 | +10.0% | $1.8B | +2.0% |
| Feb 20, 2024 | $0.68 | $0.69 | +1.3% | $1.7B | -2.3% |
| Nov 1, 2023 | $0.73 | $0.75 | +2.9% | $1.8B | -0.8% |
| Jul 27, 2023 | $0.70 | $0.74 | +5.3% | $1.8B | +0.9% |
| May 1, 2023 | $0.58 | $0.67 | +14.9% | $1.7B | +5.9% |
KBR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 6, 2026 | Taylor Jennefer Thaiofficer: VP, Chief Accounting Officer | Tax | 58 | $37.83 |
| Jul 17, 2026 | Dominguez Josephdirector | Grant | 34 | $35.98 |
| Jul 17, 2026 | Dugle Lynn Adirector | Grant | 51 | $35.98 |
| Jul 17, 2026 | Vigeveno Huibert Hansdirector | Grant | 34 | $35.98 |
| May 21, 2026 | MOORE JACK Bdirector | Buy | 4,000 | $31.44 |
| May 21, 2026 | Sabater Carlos A.director | Buy | 14,500 | $32.47 |
| May 15, 2026 | Evans Shad E.officer: EVP & Chief Financial Officer | Buy | 8,375 | $30.60 |
| May 15, 2026 | Von Thaer Lewisdirector | Buy | 3,000 | $30.77 |
| May 12, 2026 | Kavanaugh Markofficer: President | Tax | 81 | $32.54 |
| May 12, 2026 | Hill Douglas Sofficer: Pres., Readiness & Sustainment | Tax | 63 | $32.54 |
| Apr 16, 2026 | Dominguez Josephdirector | Grant | 33 | $36.70 |
| Apr 16, 2026 | Vigeveno Huibert Hansdirector | Grant | 33 | $36.70 |
| Apr 16, 2026 | Dugle Lynn Adirector | Grant | 105 | $36.70 |
| Mar 4, 2026 | Conlon Gregory Seanofficer: Chief Digital & Development | Grant | 5,135 | — |
| Mar 4, 2026 | Ibrahim Jalalofficer: Pres., Sustainable Tech Solns | Grant | 8,665 | — |
Source: KBR SEC Form 4 filings, latest Aug 6, 2026. For informational purposes only — not investment advice.
See the full KBR insider & 13F page →KBR, Inc. company profile
Overview
KBR, Inc. (NYSE:KBR) is a global science, technology, and engineering solutions company founded in 1998 and headquartered in Houston, Texas. The company emerged from the engineering and construction legacy of Kellogg Brown & Root and went public in 2006. KBR has transformed from a traditional engineering and construction firm into a technology-focused provider of mission-critical solutions serving government agencies and commercial clients worldwide. The company operates through two primary segments: Government Solutions, which provides life-cycle support to defense, intelligence, and space programs, and Sustainable Technology Solutions, which offers proprietary process technologies and engineering services focused on energy transition and industrial decarbonization.
Business
KBR operates in the specialized engineering and technology services industry, providing high-value technical solutions across defense, energy, and industrial sectors. The company's expertise spans from advanced systems engineering and program management to proprietary chemical process technologies. The Government Solutions segment represents approximately 76% of total revenue and delivers comprehensive life-cycle support to military and government agencies primarily in the United States, United Kingdom, and Australia. This division provides research and development, advanced prototyping, systems engineering, cyber analytics, space domain awareness, test and evaluation, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) services. The segment also includes the HomeSafe program, which manages military personnel relocations, and various professional advisory services for defense, energy, and critical infrastructure sectors. The Sustainable Technology Solutions segment accounts for roughly 24% of revenue and maintains a portfolio of approximately 70 proprietary process technologies covering ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining, and circular economy solutions. This segment includes KBR INSITE, a proprietary digital and cloud-based operations and maintenance platform that helps industrial clients optimize production, reliability, environmental impact, and energy efficiency. The division also provides energy transition consulting, engineering design services, and supports emerging technologies like plastic recycling through partnerships with companies like Mura Technology. Both segments leverage KBR's deep technical expertise and focus on technology-enabled markets where the company can command premium pricing for specialized knowledge and proprietary solutions.
Revenue model
KBR generates revenue through multiple business models depending on the segment and contract type. The Government Solutions segment primarily operates on cost-plus and fixed-price service contracts with government agencies, earning fees for providing specialized technical personnel, program management, and systems integration services. These contracts typically span multiple years and provide predictable revenue streams, with the company earning margins through efficient service delivery and technical expertise. The Sustainable Technology Solutions segment monetizes its proprietary technologies through technology licensing fees, engineering services, and project management contracts. When industrial clients build new facilities using KBR's patented processes for ammonia production, petrochemicals, or other applications, KBR receives licensing royalties and provides associated engineering services. The segment also generates revenue from consulting services related to energy transition and digital optimization platforms. Factors that positively impact margins include the company's focus on high-value, technology-differentiated services where specialized expertise commands premium pricing. KBR's proprietary process technologies create recurring revenue streams through licensing arrangements, while long-term government contracts provide revenue stability. The company's shift toward higher-margin sustainable technology solutions and away from traditional low-margin construction work has improved overall profitability. Margin pressures can arise from increased competition in government contracting, potential budget constraints affecting defense spending, commodity price volatility impacting energy sector capital expenditures, and the need for continuous investment in research and development to maintain technological advantages. Geopolitical tensions and energy security concerns, however, tend to support demand for KBR's specialized capabilities in both government and energy sectors.
Competitive moat
KBR's competitive advantages stem from its proprietary technology portfolio and specialized expertise in mission-critical applications. The company's collection of approximately 70 patented process technologies for industrial applications creates barriers to entry and generates recurring licensing revenue. These technologies, developed over decades, are difficult for competitors to replicate and provide KBR with pricing power in specialized markets. In government services, KBR benefits from high switching costs and security clearance requirements that create customer stickiness. The company's long-standing relationships with defense and intelligence agencies, combined with its personnel's specialized security clearances and domain expertise, make it costly and risky for clients to change providers. The mission-critical nature of many contracts further reinforces client loyalty. However, KBR's moat faces several challenges. In government contracting, the company must regularly compete for contract renewals through competitive bidding processes, which can pressure margins and create uncertainty. The sustainable technology segment, while differentiated, operates in markets where larger industrial companies and emerging technology firms are investing heavily in competing solutions. Additionally, some of KBR's proprietary technologies may face obsolescence as new approaches to industrial processes emerge, particularly in the rapidly evolving energy transition space. The strength of KBR's moat is moderate but improving, as the company's strategic focus on high-value, technology-enabled services and its substantial investment in emerging technologies like plastic recycling and sustainable aviation fuels position it well for future market demands.
Risks & safety
KBR demonstrates a moderate margin of safety with some financial strengths offset by leverage concerns. • **Liquidity and Solvency**: Current ratio of 1.11 indicates adequate short-term liquidity, with $315 million in cash and short-term investments providing operational flexibility. However, the company maintains relatively high debt levels with a debt-to-equity ratio of 2.09, requiring careful cash flow management. • **Valuation Metrics**: Trading at 13.5x forward P/E ratio and 9.3x EV/EBITDA, suggesting reasonable valuation relative to earnings. Price-to-book ratio of 4.43 reflects the market's recognition of intangible assets and technology value, though this creates downside risk if growth expectations aren't met. • **Cash Generation**: Free cash flow of $89 million in Q1 2025 demonstrates the company's ability to generate cash, though this represents a decline from stronger prior periods. Management guidance of $500-550 million operating cash flow for 2025 suggests confidence in cash generation capabilities. • **Other Considerations**: Backlog of over $21 billion provides revenue visibility, with 75%+ of 2025 revenue already under contract. The company's focus on mission-critical government services and proprietary technologies provides some recession resistance, though exposure to energy sector capital expenditure cycles creates cyclical risk.
Recent development
Over the past few years, KBR has executed a significant strategic transformation, evolving from a traditional engineering and construction company into a technology-focused solutions provider. The company completed its exit from lower-margin construction activities and realigned its business structure into two core segments: Government Solutions and Sustainable Technology Solutions. A major milestone was the acquisition of LinQuest, a 1,500+ employee company specializing in national security space domain, which strengthened KBR's position in the growing space and cyber defense markets. This acquisition, completed in 2024, immediately contributed to revenue growth and expanded the company's capabilities in critical technology areas. The company has made substantial progress on the HomeSafe military moving program, a potentially transformative contract that could generate significant revenue as it scales. After initial operational challenges, KBR has improved customer satisfaction to nearly 90% and is gradually ramping up operations, with expectations for meaningful volume increases in 2025. In sustainable technologies, KBR has expanded its portfolio through strategic partnerships and acquisitions, including sustainable aviation fuel technology and advancing Mura Technology's plastic recycling solutions in the UK, Korea, and Japan. The company has also secured major contracts in liquefied natural gas (LNG) projects globally and strengthened its position in ammonia and hydrogen technologies. Recent contract wins demonstrate KBR's enhanced competitive position, including the $970 million Ascent 2 contract with the US Space Force, global engineering agreements with BP, and delivery partnerships for small modular reactors with TerraPower, positioning the company at the forefront of energy transition and national security technology trends.
KBR company profile · for informational purposes only — not investment advice.
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