Will KTOS maintain a full-year FY2026 book-to-bill ratio at or above 1.0?
Current Prediction
Prediction Distribution
Individual Predictions(9 runs)
Record $13.7B pipeline, defense budget expansion, multiple expected awards. 1.0 book-to-bill achievable but revenue growth raises bar.
Multiple expected awards should generate significant orders. $1.6B+ in orders needed.
Historical book-to-bill above 1.0 as backlog grew. Defense spending growth supports order flow.
Defense tailwinds and multiple programs favor above 1.0. Some order timing risk.
Zero recompetes and expanding pipeline strongly favor maintained backlog.
Multiple new awards expected. Sole-source and engine LRIP. Favors YES.
Strong pipeline and defense tailwinds. YES.
Record pipeline and expected awards. Likely YES.
Defense growth and sole-source favor strong order flow. YES.
Resolution Criteria
Resolves YES if KTOS reports FY2026 book-to-bill at or above 1.0 in the FY2026 earnings release or call. Resolves NO if below 1.0. Note: if the company does not disclose a full-year book-to-bill, derive from reported backlog changes and revenue.
Resolution Source
KTOS FY2026 earnings release, call, or derived from 10-K backlog data
Source Trigger
Book-to-bill below 1.0 for two consecutive quarters
Full multi-lens equity analysis