KBR
KBR, Inc.
KBR's fundamentals are mixed, but it looks cheap: trading at 10x earnings, less than half its usual 23x. Analysts expect earnings to hold roughly steady.
KBR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Stable |
KBR's profitability is currently healthy, and its revenue and balance sheet are stable, but its cash flow is under pressure.
KBR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9x | $35.32 | — |
| Current | 10x | $35.32 | — |
| Cheap | 13x | $44.16 | +25% |
| Fair | 23x | $80.26 | +127% |
| Expensive | 50x | $175 | +395% |
Historical ranges are pointers, not guarantees.
KBR's PE is in its cheap range at 10x. On analysts' estimates for next year's earnings, today's price would be 9.0x.
KBR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect KBR's revenue to grow, but its profitability to weaken.
KBR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.90 | +12% |
| Q3 2026 | $3.48 | +20% |
| Q2 2026 | $3.32 | +21% |
| Q1 2026 | $3.13 | +5% |
| Q4 2025 | $3.21 | +15% |
| Q3 2025 | $2.90 | +17% |
| Q2 2025 | $2.75 | +76% |
| Q1 2025 | $2.98 | +$4.81 |
| Q4 2024 | $2.79 | +$4.75 |
KBR's earnings per share have climbed steadily: $3.48 over the past year, up 20% from the year before, and higher year over year for 10 quarters in a row.
KBR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +5% |
| Q2 2026 | $2B | +1.6% |
| Q1 2026 | $1.9B | -6.4% |
| Q4 2025 | $1.9B | -11% |
| Q3 2025 | $1.9B | -0.8% |
| Q2 2025 | $2B | +5.2% |
| Q1 2025 | $2.1B | +13% |
| Q4 2024 | $2.1B | +23% |
KBR's revenue is recovering but still below its 2021 peak: $2B last quarter, up 5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -0.7 points |
| Q2 2026 | 8.7% | -1.3 points |
| Q1 2026 | 9.4% | -0.1 points |
| Q4 2025 | 10% | +3.4 points |
| Q3 2025 | 9.9% | +1 points |
| Q2 2025 | 9.9% | +0.2 points |
| Q1 2025 | 9.5% | +0.4 points |
| Q4 2024 | 6.7% | -1.8 points |
KBR's operating margin was 9.2% last quarter, down 0.7 points from the same quarter a year ago.
KBR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $163M | -14% |
| Q2 2026 | $34M | -83% |
| Q1 2026 | $98M | +10% |
| Q4 2025 | $33M | +94% |
| Q3 2025 | $190M | +34% |
| Q2 2025 | $203M | +27% |
| Q1 2025 | $89M | +35% |
| Q4 2024 | $17M | -73% |
KBR generated $328M in free cash flow over the past year, down 34% from the year before.
KBR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1M shares |
| 1 year | -1.6% | -2M shares |
| 3 years | -6.7% | -9M shares |
| 5 years | -13% | -19M shares |
| Available history | -11% | -16M shares |
KBR has 126M diluted shares, down 1.6% from a year ago, with $54M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $25M |
| Q1 2026 | $4M |
| Q4 2025 | $25M |
| Q3 2025 | $100M |
| Q2 2025 | $48M |
| Q1 2025 | $156M |
| Q4 2024 | $51M |
KBR spent $54M buying back its own shares over the past year, down 85% from the year before.
KBR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.7x | Moderate |
KBR's net debt is about 2.4 years of its operating earnings (EBITDA), about the same as a year ago.
KBR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 49.2 | Neutral |
KBR's weekly RSI is 45 (neutral) and its Stochastic is 49 (neutral).
KBR PE vs Industrials Sector
| Metric | KBR | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 0 | 58 | 58 pts below |
KBR is trading at 10x earnings, a 58% discount to the Industrials sector's median of 24x.
KBR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.4 | 2.9% below |
| 20 week MA | $36.7 | 3.7% below |
| 50 week MA | $37.8 | 6.6% below |
| 100 week MA | $43.9 | 20% below |
| 200 week MA | $52.0 | 32% below |
KBR is in a downtrend: it's below all five of its weekly moving averages, and 32% below its 200-week average.
KBR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.6 | $29.7 | -2.8% |
| 2021 | $29.7 | $46.7 | +57% |
| 2022 | $46.7 | $52.3 | +12% |
| 2023 | $52.3 | $55.4 | +6% |
| 2024 | $55.4 | $57.1 | +3% |
| 2025 | $57.1 | $40.2 | -30% |
| 2026 YTD | $40.2 | $35.3 | -12% |
KBR has finished higher in four of the last six years. It's down 12% so far in 2026.