KBR (KBR) financial statements
KBR reported revenue of $7.8B in fiscal 2025, up 6.9% a year over 9 years.
Net income was $415M and the operating margin 10.0%, against 0.4% in 2016.
Free cash flow was $515M, and the company returned $84M in dividends and $329M in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from KBR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3B | $4.2B | $4.9B | $5.6B | $5.8B | $7.3B | $6.6B | $7.0B | $7.7B | $7.8B |
| Cost of revenue | $4.2B | $3.7B | $4.3B | $5.0B | $5.1B | $6.5B | $5.7B | $6.0B | $6.6B | $6.6B |
| Gross profit | $112M | $439M | $584M | $653M | $666M | $806M | $828M | $977M | $1.1B | $1.1B |
| Selling, general and admin | $133M | $244M | $294M | $341M | $335M | $393M | $420M | $487M | $543M | $578M |
| Operating income | $19M | $264M | $468M | $362M | $57M | $231M | $343M | $449M | $659M | $778M |
| Interest expense | $13M | $21M | $66M | $99M | $72M | $80M | $87M | $115M | $144M | $158M |
| Pre-tax income | $24M | $247M | $396M | $268M | -$14M | $146M | $284M | -$165M | $508M | $614M |
| Income tax | $84M | -$193M | $86M | $59M | $28M | $111M | $92M | $95M | $129M | $156M |
| Net income | -$70M | $432M | $281M | $202M | -$63M | $27M | $190M | -$265M | $375M | $415M |
| EPS (diluted) | -$0.49 | $3.05 | $1.99 | $1.41 | -$0.44 | $0.19 | $1.26 | -$1.96 | $2.79 | $3.21 |
| Diluted shares | 142M | 141M | 141M | 142M | 142M | 141M | 156M | 135M | 134M | 129M |
| Gross margin | 2.6% | 10.5% | 11.9% | 11.6% | 11.5% | 11.0% | 12.6% | 14.0% | 14.3% | 14.8% |
| Operating margin | 0.4% | 6.3% | 9.5% | 6.4% | 1.0% | 3.1% | 5.2% | 6.5% | 8.5% | 10.0% |
| Net margin | -1.6% | 10.4% | 5.7% | 3.6% | -1.1% | 0.4% | 2.9% | -3.8% | 4.9% | 5.3% |
Balance sheet
Fiscal years, from KBR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $536M | $439M | $739M | $712M | $436M | $370M | $389M | $304M | $342M | $500M |
| Total current assets | $2.0B | $1.4B | $2.0B | $2.0B | $1.6B | $2.2B | $1.7B | $1.7B | $1.9B | $2.1B |
| Property, plant and equipment | $145M | $130M | $121M | $130M | $130M | $136M | $182M | $239M | $237M | $232M |
| Goodwill | $959M | $968M | $1.3B | $1.3B | $1.8B | $2.1B | $2.1B | $2.1B | $2.6B | $2.7B |
| Total assets | $4.1B | $3.7B | $5.1B | $5.4B | $5.7B | $6.2B | $5.6B | $5.6B | $6.7B | $6.6B |
| Total current liabilities | $1.6B | $1.1B | $1.4B | $1.5B | $1.5B | $1.9B | $1.8B | $1.6B | $1.8B | $1.7B |
| Long-term debt | — | $470M | $1.2B | $1.2B | $1.6B | $1.9B | $1.4B | $1.8B | $2.5B | $2.5B |
| Total liabilities | $3.4B | $2.5B | $3.3B | $3.5B | $4.1B | $4.5B | $3.9B | $4.2B | $5.2B | $5.1B |
| Shareholders' equity | $757M | $1.2B | $1.7B | $1.8B | $1.6B | $1.7B | $1.6B | $1.4B | $1.5B | $1.5B |
| Net debt | -$536M | $31M | $509M | $498M | $1.2B | $1.5B | $1.4B | $1.5B | $2.2B | $2.1B |
Cash flow
Fiscal years, from KBR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $61M | $193M | $165M | $256M | $367M | $278M | $396M | $331M | $462M | $557M |
| Capital spending | $11M | $8M | $17M | $20M | $20M | $30M | $71M | $62M | $52M | $42M |
| Free cash flow | $50M | $185M | $148M | $236M | $347M | $248M | $325M | $269M | $410M | $515M |
| Stock-based compensation | $18M | $12M | $10M | $12M | $12M | $12M | — | — | — | — |
| Dividends paid | $46M | $45M | $44M | $46M | $54M | $61M | $66M | $72M | $79M | $84M |
| Share buybacks (net) | -$4M | -$53M | -$3M | -$4M | -$51M | -$82M | -$203M | -$138M | -$218M | -$329M |
| Free cash flow margin | 1.2% | 4.4% | 3.0% | 4.2% | 6.0% | 3.4% | 5.0% | 3.9% | 5.3% | 6.6% |
| Dividends per share | $0.32 | $0.32 | $0.31 | $0.32 | $0.38 | $0.43 | $0.42 | $0.53 | $0.59 | $0.65 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for KBR.
Open KBR in InvestinglyQuestions
What was KBR's revenue in 2025?
$7.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does KBR generate?
$515M in fiscal 2025 (operating cash flow minus capital spending).
From KBR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.