Published on October 29, 2026. Refer to last page for footnotes and disclosures.
KBR, Inc. Supplemental Financial Information2Description Results from Continuing Operations | ||||||||||||||||
FY23 | 1Q'24 | 2Q'24 | 3Q'24 | 4Q'24 | FY24 | 1Q'25 | 2Q'25 | 3Q'25 | 4Q'25 | FY25 | 1Q'26 | 2Q'26 | 3Q'26 | TTM | ||
Revenue by Segment ($ in Millions) | Mission Technology Solutions | 4,822 | 1,239 | 1,229 | 1,325 | 1,425 | 5,218 | 1,381 | 1,336 | 1,326 | 1,218 | 5,261 | 1,296 | 1,308 | 1,266 | 5,088 |
Sustainable Technology Solutions | 2,134 | 579 | 618 | 612 | 683 | 2,492 | 637 | 616 | 605 | 667 | 2,525 | 627 | 676 | 762 | 2,732 | |
Total KBR | 6,956 | 1,818 | 1,847 | 1,937 | 2,108 | 7,710 | 2,018 | 1,952 | 1,931 | 1,885 | 7,786 | 1,923 | 1,984 | 2,028 | 7,820 | |
Revenue by Segment (% of Total Revenue) | Mission Technology Solutions | 69% | 68% | 67% | 68% | 68% | 68% | 68% | 68% | 69% | 65% | 68% | 67% | 66% | 62% | 65% |
Sustainable Technology Solutions | 31% | 32% | 33% | 32% | 32% | 32% | 32% | 32% | 31% | 35% | 32% | 33% | 34% | 38% | 35% |
Revenue by Geography - KBR ($ in Millions) | United States | 3,617 | 945 | 950 | 1,032 | 1,118 | 4,045 | 1,109 | 1,110 | 1,040 | 985 | 4,244 | 1,032 | 1,018 | 969 | 4,004 |
Europe | 1,816 | 468 | 458 | 468 | 500 | 1,894 | 457 | 356 | 397 | 374 | 1,584 | 366 | 361 | 376 | 1,477 | |
Middle East | 528 | 165 | 188 | 178 | 200 | 731 | 178 | 205 | 200 | 207 | 790 | 223 | 245 | 357 | 1,032 | |
Australia | 496 | 121 | 136 | 134 | 135 | 526 | 132 | 137 | 149 | 130 | 548 | 149 | 157 | 149 | 585 | |
Africa | 176 | 50 | 49 | 47 | 55 | 201 | 51 | 69 | 64 | 69 | 253 | 57 | 52 | 48 | 226 | |
Asia | 169 | 31 | 25 | 37 | 59 | 152 | 44 | 37 | 30 | 31 | 142 | 39 | 49 | 46 | 165 | |
Other Countries | 154 | 38 | 41 | 41 | 41 | 161 | 47 | 38 | 51 | 89 | 225 | 57 | 102 | 83 | 331 |
Revenue by Geography - KBR (% of Total Revenue) | United States | 52% | 52% | 51% | 53% | 53% | 52% | 55% | 57% | 54% | 52% | 55% | 54% | 51% | 48% | 51% |
Europe | 26% | 26% | 25% | 24% | 24% | 25% | 23% | 18% | 21% | 20% | 20% | 19% | 18% | 19% | 19% | |
Middle East | 8% | 9% | 10% | 9% | 9% | 9% | 9% | 11% | 10% | 11% | 10% | 12% | 12% | 18% | 13% | |
Australia | 7% | 7% | 7% | 7% | 6% | 7% | 7% | 7% | 8% | 7% | 7% | 8% | 8% | 7% | 7% | |
Africa | 3% | 3% | 3% | 2% | 3% | 3% | 3% | 4% | 3% | 4% | 3% | 3% | 3% | 2% | 3% | |
Asia | 2% | 2% | 1% | 2% | 3% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | |
Other Countries | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 5% | 3% | 3% | 5% | 4% | 4% |
Revenue by Geography - MTS ($ in Millions) | United States | 3,096 | 818 | 821 | 896 | 968 | 3,503 | 976 | 988 | 938 | 870 | 3,772 | 950 | 951 | 890 | 3,661 |
Europe | 1,272 | 310 | 300 | 319 | 329 | 1,258 | 293 | 214 | 263 | 223 | 993 | 215 | 218 | 235 | 891 | |
Middle East | 105 | 30 | 23 | 25 | 32 | 110 | 26 | 39 | 28 | 30 | 123 | 31 | 32 | 37 | 130 | |
Australia | 204 | 47 | 50 | 53 | 52 | 202 | 50 | 56 | 62 | 51 | 219 | 63 | 65 | 60 | 239 | |
Africa | 70 | 17 | 16 | 17 | 20 | 70 | 18 | 18 | 20 | 21 | 77 | 19 | 20 | 16 | 76 | |
Asia | 17 | 4 | 2 | 1 | 11 | 18 | 3 | 10 | 2 | 5 | 20 | 4 | 5 | 6 | 20 | |
Other Countries | 58 | 13 | 17 | 14 | 13 | 57 | 15 | 11 | 13 | 18 | 57 | 14 | 17 | 22 | 71 |
Revenue by Geography - MTS (% of Total Revenue) | United States | 64% | 66% | 67% | 68% | 68% | 67% | 71% | 74% | 71% | 71% | 72% | 73% | 73% | 70% | 72% |
Europe | 26% | 25% | 24% | 24% | 23% | 24% | 21% | 16% | 20% | 18% | 19% | 17% | 17% | 19% | 18% | |
Middle East | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | |
Australia | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 5% | 4% | 4% | 5% | 5% | 5% | 5% | |
Africa | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 2% | 2% | 1% | 1% | 2% | 1% | 1% | |
Asia | -% | -% | -% | -% | 1% | -% | -% | 1% | -% | -% | -% | -% | -% | -% | -% | |
Other Countries | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 2% | 1% |
Revenue by Geography - STS ($ in Millions) | United States | 521 | 127 | 129 | 136 | 150 | 542 | 133 | 122 | 102 | 115 | 472 | 82 | 67 | 79 | 343 |
Europe | 544 | 158 | 158 | 149 | 171 | 636 | 164 | 142 | 134 | 151 | 591 | 151 | 143 | 141 | 586 | |
Middle East | 423 | 135 | 165 | 153 | 168 | 621 | 152 | 166 | 172 | 177 | 667 | 192 | 213 | 320 | 902 | |
Australia | 292 | 74 | 86 | 81 | 83 | 324 | 82 | 81 | 87 | 79 | 329 | 86 | 92 | 89 | 346 | |
Africa | 106 | 33 | 33 | 30 | 35 | 131 | 33 | 51 | 44 | 48 | 176 | 38 | 32 | 32 | 150 | |
Asia | 152 | 27 | 23 | 36 | 48 | 134 | 41 | 27 | 28 | 26 | 122 | 35 | 44 | 40 | 145 | |
Other Countries | 96 | 25 | 24 | 27 | 28 | 104 | 32 | 27 | 38 | 71 | 168 | 43 | 85 | 61 | 260 |
Revenue by Geography - STS (% of Total Revenue) | United States | 24% | 22% | 21% | 22% | 22% | 22% | 21% | 20% | 17% | 17% | 19% | 13% | 10% | 10% | 13% |
Europe | 25% | 27% | 26% | 24% | 25% | 26% | 26% | 23% | 22% | 23% | 23% | 24% | 21% | 19% | 21% | |
Middle East | 20% | 23% | 27% | 25% | 25% | 25% | 24% | 27% | 28% | 27% | 26% | 31% | 32% | 42% | 33% | |
Australia | 14% | 13% | 14% | 13% | 12% | 13% | 13% | 13% | 14% | 12% | 13% | 14% | 14% | 12% | 13% | |
Africa | 5% | 6% | 5% | 5% | 5% | 5% | 5% | 8% | 7% | 7% | 7% | 6% | 5% | 4% | 5% | |
Asia | 7% | 5% | 4% | 6% | 7% | 5% | 6% | 4% | 5% | 4% | 5% | 6% | 7% | 5% | 5% | |
Other Countries | 4% | 4% | 4% | 4% | 4% | 4% | 5% | 4% | 6% | 11% | 7% | 7% | 13% | 8% | 10% |
Revenue by Contract Type - KBR ($ in Millions) | Cost Reimbursable | 3,287 | 844 | 839 | 898 | 926 | 3,507 | 891 | 853 | 823 | 738 | 3,305 | 778 | 761 | 726 | 3,003 |
Time-and-Materials | 2,012 | 508 | 553 | 563 | 630 | 2,254 | 591 | 615 | 573 | 532 | 2,311 | 563 | 577 | 638 | 2,310 | |
Fixed Price | 1,657 | 466 | 455 | 476 | 552 | 1,949 | 536 | 484 | 535 | 615 | 2,170 | 582 | 646 | 664 | 2,507 |
Revenue by Contract Type - MTS ($ in Millions) | Cost Reimbursable | 3,287 | 844 | 839 | 898 | 926 | 3,507 | 891 | 853 | 823 | 738 | 3,305 | 771 | 746 | 725 | 2,980 |
Time-and-Materials | 694 | 162 | 162 | 183 | 214 | 721 | 207 | 194 | 195 | 175 | 771 | 200 | 203 | 215 | 793 | |
Fixed Price | 841 | 233 | 228 | 244 | 285 | 990 | 283 | 289 | 308 | 305 | 1,185 | 325 | 359 | 326 | 1,315 |
Revenue by Contract Type - STS ($ in Millions) | Cost Reimbursable | - | - | - | - | - | - | - | - | - | - | - | 7 | 15 | 1 | 23 |
Time-and-Materials | 1,318 | 346 | 391 | 380 | 416 | 1,533 | 384 | 421 | 378 | 357 | 1,540 | 363 | 374 | 423 | 1,517 | |
Fixed Price | 816 | 233 | 227 | 232 | 267 | 959 | 253 | 195 | 227 | 310 | 985 | 257 | 287 | 338 | 1,192 |
Revenue by Customer Type - KBR ($ in Millions) | U.S. Government Defense & Intelligence Clients | 3,039 | 758 | 769 | 835 | 930 | 3,292 | 906 | 856 | 832 | 776 | 3,370 | 816 | 834 | 836 | 3,262 |
U.S. Government Federal Civilian Clients | 1,052 | 280 | 268 | 288 | 276 | 1,112 | 281 | 273 | 274 | 229 | 1,057 | 262 | 254 | 209 | 954 | |
International Government Clients | 791 | 221 | 219 | 220 | 231 | 891 | 219 | 223 | 236 | 227 | 905 | 238 | 237 | 231 | 933 | |
Commercial & Infrastructure Clients | 2,074 | 559 | 591 | 594 | 671 | 2,415 | 612 | 600 | 589 | 653 | 2,454 | 607 | 659 | 752 | 2,671 |
Revenue by Customer Type - MTS ($ in Millions) | U.S. Government Defense & Intelligence Clients | 3,039 | 758 | 769 | 835 | 930 | 3,292 | 906 | 856 | 832 | 776 | 3,370 | 816 | 834 | 836 | 3,262 |
U.S. Government Federal Civilian Clients | 1,052 | 280 | 268 | 288 | 276 | 1,112 | 281 | 273 | 274 | 229 | 1,057 | 262 | 254 | 209 | 954 | |
International Government Clients | 627 | 172 | 168 | 175 | 190 | 705 | 167 | 181 | 194 | 188 | 730 | 192 | 199 | 197 | 776 | |
Commercial & Infrastructure Clients | 104 | 29 | 24 | 27 | 29 | 109 | 27 | 26 | 26 | 25 | 104 | 26 | 21 | 24 | 96 |
Revenue by Customer Type - STS ($ in Millions) | U.S. Government Defense & Intelligence Clients | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
U.S. Government Federal Civilian Clients | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
International Government Clients | 164 | 49 | 51 | 45 | 41 | 186 | 52 | 42 | 42 | 39 | 175 | 46 | 38 | 34 | 157 | |
Commercial & Infrastructure Clients | 1,970 | 530 | 567 | 567 | 642 | 2,306 | 585 | 574 | 563 | 628 | 2,350 | 581 | 638 | 728 | 2,575 |
Description Results from Continuing Operations | ||||||||||||||||
FY23 | 1Q'24 | 2Q'24 | 3Q'24 | 4Q'24 | FY24 | 1Q'25 | 2Q'25 | 3Q'25 | 4Q'25 | FY25 | 1Q'26 | 2Q'26 | 3Q'26 | TTM | ||
Adj. EBITDA by Segment ($ in Millions) | Mission Technology Solutions | 474 | 120 | 128 | 129 | 131 | 508 | 139 | 136 | 138 | 138 | 551 | 138 | 158 | 145 | 579 |
Sustainable Technology Solutions | 399 | 114 | 115 | 121 | 125 | 475 | 135 | 134 | 128 | 128 | 525 | 137 | 123 | 147 | 535 | |
Corporate | (125) | (27) | (27) | (31) | (30) | (115) | (26) | (28) | (26) | (28) | (108) | (24) | (23) | (24) | (99) | |
Total KBR | 748 | 207 | 216 | 219 | 226 | 868 | 248 | 242 | 240 | 238 | 968 | 251 | 258 | 268 | 1,015 | |
Adj. EBITDA Margin by Segment | Mission Technology Solutions | 9.8% | 9.7% | 10.4% | 9.7% | 9.2% | 9.7% | 10.1% | 10.2% | 10.4% | 11.3% | 10.5% | 10.6% | 12.1% | 11.5% | 11.4% |
Sustainable Technology Solutions | 18.7% | 19.7% | 18.6% | 19.8% | 18.3% | 19.1% | 21.2% | 21.8% | 21.2% | 19.2% | 20.8% | 21.9% | 18.2% | 19.3% | 19.6% | |
Adjusted EBITDA Margin | 10.8% | 11.4% | 11.7% | 11.3% | 10.7% | 11.3% | 12.3% | 12.4% | 12.4% | 12.6% | 12.4% | 13.1% | 13.0% | 13.2% | 13.0% |
Adj. EBITDA Contribution by Segment (% of Total Adj. EBITDA (less corporate)) | Mission Technology Solutions | 54% | 51% | 53% | 52% | 51% | 52% | 51% | 50% | 52% | 52% | 51% | 50% | 56% | 50% | 52% |
Sustainable Technology Solutions | 46% | 49% | 47% | 48% | 49% | 48% | 49% | 50% | 48% | 48% | 49% | 50% | 44% | 50% | 48% |
Equity in Earnings of Unconsolidated Affiliates ($ in Millions) | Mission Technology Solutions | 33 | 5 | 11 | 9 | 7 | 32 | 7 | 8 | 8 | 10 | 33 | 10 | 11 | 16 | 47 |
Sustainable Technology Solutions | 81 | 25 | 29 | 18 | 3 | 75 | 35 | 43 | 62 | 37 | 177 | 41 | 41 | 48 | 167 | |
Total KBR | 114 | 30 | 40 | 27 | 10 | 107 | 42 | 51 | 70 | 47 | 210 | 51 | 52 | 64 | 214 |
Non-GAAP Adjustments (Unconsolidated JV EBITDA - MTS) ($ in Millions) | Equity in Earnings of Unconsolidated Affiliates | 33 | 5 | 11 | 9 | 7 | 32 | 7 | 8 | 8 | 10 | 33 | 10 | 11 | 16 | 47 |
Share of JV interest, tax, D&A and acquisition costs | - | - | - | - | - | - | - | - | - | - | - | 1 | 3 | 4 | 8 | |
Adjusted EBITDA from Unconsolidated JVs | 33 | 5 | 11 | 9 | 7 | 32 | 7 | 8 | 8 | 10 | 33 | 11 | 14 | 20 | 55 |
Non-GAAP Adjustments (Unconsolidated JV EBITDA - STS) ($ in Millions) | Equity in Earnings of Unconsolidated Affiliates | 81 | 25 | 29 | 18 | 3 | 75 | 35 | 43 | 62 | 37 | 177 | 41 | 41 | 48 | 167 |
Share of JV interest, tax, D&A and acquisition costs | - | - | - | - | - | - | - | - | - | - | - | 13 | 10 | 13 | 36 | |
Adjusted EBITDA from Unconsolidated JVs | 81 | 25 | 29 | 18 | 3 | 75 | 35 | 43 | 62 | 37 | 177 | 54 | 51 | 61 | 203 |
Non-GAAP Adjustments (EBITDA) ($ in Millions) | Consolidated EBITDA | 374 | 201 | 215 | 212 | 182 | 810 | 242 | 238 | 232 | 228 | 940 | 221 | 212 | 227 | 888 |
Spin-off, acquisition, and restructuring | 10 | 1 | 5 | 9 | 8 | 23 | 6 | 4 | 8 | 10 | 28 | 16 | 33 | 23 | 82 | |
Share of JV interest, tax, D&A and acquisition costs | - | - | - | - | - | - | - | - | - | - | - | 14 | 13 | 17 | 44 | |
Ichthys commercial resolution | 1 | 4 | (1) | (2) | 10 | 11 | - | - | - | - | - | - | - | 1 | 1 | |
Legacy legal fees and settlements | 155 | 1 | (3) | - | 26 | 24 | - | - | - | - | - | - | - | - | - | |
(Benefits) provisions related to exit from Russian commercial projects | (4) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Loss on derivative bifurcation | 104 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Loss on debt extinguishment | 70 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Loss on settlement of warrants | 38 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Adjusted EBITDA | 748 | 207 | 216 | 219 | 226 | 868 | 248 | 242 | 240 | 238 | 968 | 251 | 258 | 268 | 1,015 |
Non-GAAP Adjustments (EPS) ($ per share) | Diluted Earnings (Loss) per share¹ | $(1.96) | $0.69 | $0.79 | $0.75 | $0.56 | $2.78 | $0.91 | $0.81 | $0.91 | $0.87 | $3.49 | $0.81 | $0.74 | $1.03 |
Amortization related to acquisitions | 0.17 | 0.04 | 0.04 | 0.06 | 0.07 | 0.20 | 0.07 | 0.07 | 0.07 | 0.06 | 0.28 | 0.06 | 0.06 | 0.06 | |
Ichthys interest and commercial dispute costs | 0.01 | 0.03 | (0.01) | (0.01) | 0.08 | 0.09 | - | - | - | - | - | - | - | 0.01 | |
Spin-off, acquisition, and restructuring | 0.06 | 0.01 | 0.03 | 0.04 | 0.05 | 0.13 | 0.03 | 0.03 | 0.04 | 0.06 | 0.16 | 0.09 | 0.19 | 0.14 | |
Impact of convert accounting and Diluted EPS share count | 0.01 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legacy legal fees and settlements | 1.03 | - | (0.02) | - | 0.14 | 0.13 | - | - | - | - | - | - | - | - | |
(Benefits) provisions related to exit from Russian commercial projects | (0.03) | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Charges associated with Convertible Notes | 3.62 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Interest income associated with discrete tax benefit | - | - | - | - | - | - | - | - | - | - | - | - | - | (0.12) | |
Adjusted Earnings per share¹ | $2.91 | $0.77 | $0.83 | $0.84 | $0.90 | $3.33 | $1.01 | $0.91 | $1.02 | $0.99 | $3.93 | $0.96 | $0.99 | $1.12 |
Cash Flow - GAAP & Non-GAAP ($ in Millions) | Operating Cash Flows | 301 | 99 | 157 | 153 | 41 | 450 | 91 | 217 | 198 | 51 | 557 | 110 | 50 | 171 | 382 |
Legacy legal settlement (after tax) | 132 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Spin-off transaction costs | - | - | - | - | - | - | - | - | - | - | - | 9 | 14 | 17 | 40 | |
Adjusted Operating Cash Flows | 433 | 99 | 157 | 153 | 41 | 450 | 91 | 217 | 198 | 51 | 557 | 119 | 64 | 188 | 422 | |
Adjusted Operating Cash Flow Conversion | 109% | 95% | 141% | 137% | 34% | 101% | 68% | 185% | 152% | 40% | 110% | 98% | 51% | 133% | ||
Purchases of Property, Plant and Equipment | (62) | (20) | (4) | (12) | (16) | (52) | (2) | (14) | (8) | (18) | (42) | (12) | (16) | (8) | (54) | |
Adjusted Free Cash Flows | 371 | 79 | 153 | 141 | 25 | 398 | 89 | 203 | 190 | 33 | 515 | 107 | 48 | 180 | 368 | |
Adjusted Free Cash Flow Conversion | 94% | 77% | 137% | 126% | 21% | 89% | 66% | 173% | 145% | 26% | 102% | 88% | 38% | 128% | ||
Payments of dividends to shareholders | (72) | (18) | (21) | (20) | (20) | (79) | (20) | (21) | (22) | (21) | (84) | (21) | (21) | (21) | (84) | |
Payments to reacquire common stock | (138) | (61) | (97) | (9) | (51) | (218) | (156) | (48) | (100) | (25) | (329) | (4) | (25) | - | (54) |
Select Income Statement - GAAP ($ in Millions, except EPS) | Revenue | 6,956 | 1,818 | 1,847 | 1,937 | 2,108 | 7,710 | 2,018 | 1,952 | 1,931 | 1,885 | 7,786 | 1,923 | 1,984 | 2,028 | 7,820 |
Gross Profit | 977 | 248 | 270 | 290 | 291 | 1,099 | 300 | 290 | 270 | 290 | 1,150 | 265 | 293 | 301 | 1,149 | |
Equity in earnings of unconsolidated affiliates | 114 | 30 | 40 | 27 | 10 | 107 | 42 | 51 | 70 | 47 | 210 | 51 | 52 | 64 | 214 | |
Selling, general, and administrative expenses | (487) | (121) | (129) | (140) | (153) | (543) | (140) | (146) | (149) | (143) | (578) | (119) | (143) | (154) | (559) | |
Spin-off costs and other charges | Not previously disclosed | - | - | (4) | Not previously disclosed | (15) | (31) | (24) | ||||||||
Operating Income | 449 | 166 | 180 | 173 | 140 | 659 | 202 | 194 | 191 | 191 | 778 | 180 | 172 | 186 | 729 | |
Interest Expense | (115) | (31) | (32) | (37) | (44) | (144) | (41) | (41) | (39) | (37) | (158) | (37) | (35) | (36) | (145) | |
Income (loss) from continuing ops before income taxes | (165) | 129 | 146 | 134 | 99 | 508 | 164 | 145 | 152 | 153 | 614 | 143 | 135 | 150 | 581 | |
Provision for income taxes | (95) | (35) | (40) | (32) | (22) | (129) | (43) | (39) | (34) | (40) | (156) | (40) | (38) | (18) | (136) | |
Net income (loss) attributable to KBR from continuing ops | (264) | 93 | 106 | 100 | 75 | 374 | 120 | 105 | 116 | 110 | 451 | 103 | 95 | 130 | 438 | |
Backlog ($ in Millions except BTB) | KBR TTM Book-to-Bill | 1.1x | 1.0x | 1.0x | 0.9x | 0.9x | 0.9x | 0.9x | 0.9x | 0.9x | 1.0x | 1.0x | 1.0x | 1.1x | 1.0x |
MTS TTM Book-to-Bill | 1.2x | 1.2x | 1.2x | 1.1x | 1.0x | 1.0x | 0.9x | 0.9x | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x | 0.7x | |
STS TTM Book-to-Bill | 1.1x | 0.9x | 0.8x | 0.8x | 0.9x | 0.9x | 0.9x | 0.9x | 0.9x | 1.0x | 1.0x | 1.1x | 1.3x | 1.3x | |
Backlog | 17,281 | 17,137 | 16,711 | 17,803 | 16,605 | 16,605 | 16,668 | 16,697 | 17,104 | 16,864 | 16,864 | 17,322 | 17,805 | 17,718 | |
Options | 4,397 | 3,596 | 3,332 | 4,215 | 3,975 | 3,975 | 3,251 | 4,873 | 6,248 | 6,347 | 6,347 | 5,861 | 5,192 | 5,404 | |
Backlog & Options | 21,678 | 20,733 | 20,043 | 22,018 | 20,580 | 20,580 | 19,919 | 21,570 | 23,352 | 23,211 | 23,211 | 23,183 | 22,997 | 23,122 | |
Bookings & Options (QTD) (ex Plaquemines LNG project) | Not previously disclosed | $3.3B | $1.4B | $8.1B | $1.4B | $3.5B | $4.2B | $2.0B | $11.1B | $1.9B | $1.8B | $2.4B | |||
Backlog by Segment ($ in Millions) | Mission Technology Solutions - Backlog | 12,308 | 12,385 | 12,301 | 13,544 | 12,478 | 12,478 | 12,491 | 12,750 | 13,239 | 12,552 | 12,552 | 12,622 | 12,282 | 11,890 |
Mission Technology Solutions - Options | 4,397 | 3,596 | 3,332 | 4,215 | 3,975 | 3,975 | 3,251 | 4,873 | 6,248 | 6,347 | 6,347 | 5,861 | 5,192 | 5,404 | |
Mission Technology Solutions - Backlog & Options | 16,705 | 15,981 | 15,633 | 17,759 | 16,453 | 16,453 | 15,742 | 17,623 | 19,487 | 18,899 | 18,899 | 18,483 | 17,474 | 17,294 | |
Sustainable Technology Solutions - Backlog | 4,973 | 4,752 | 4,410 | 4,259 | 4,127 | 4,127 | 4,177 | 3,947 | 3,865 | 4,312 | 4,312 | 4,700 | 5,523 | 5,828 |
Balance Sheet ($ in Millions, except ratio) | Gross Debt | 1,851 | 1,892 | 1,949 | 2,632 | 2,594 | 2,594 | 2,768 | 2,637 | 2,625 | 2,617 | 2,617 | 2,602 | 2,570 | 2,557 |
Cash & Cash Equivalents | 283 | 306 | 399 | 446 | 342 | 342 | 432 | 403 | 539 | 500 | 500 | 380 | 312 | 439 | |
Net debt | 1,568 | 1,586 | 1,550 | 2,186 | 2,252 | 2,252 | 2,336 | 2,234 | 2,086 | 2,117 | 2,117 | 2,222 | 2,258 | 2,118 | |
TTM Adj. EBITDA | 748 | 773 | 798 | 831 | 868 | 868 | 909 | 935 | 956 | 968 | 968 | 971 | 987 | 1,015 | |
Net Leverage Ratio | 2.1x | 2.1x | 1.9x | 2.6x | 2.6x | 2.6x | 2.6x | 2.4x | 2.2x | 2.2x | 2.2x | 2.3x | 2.3x | 2.1x |
Share Count (in Millions) | Diluted | 135 | 135 | 134 | 133 | 133 | 134 | 132 | 129 | 128 | 127 | 129 | 127 | 127 | 126 |
Adjusted | 136 | 135 | 134 | 133 | 133 | 134 | 132 | 129 | 128 | 127 | 129 | 127 | 127 | 126 |
Other | Employees | 34,000 | 35,000 | 36,000 | 37,000 | 38,000 | 38,000 | 38,000 | 37,000 | 37,000 | 36,000 | 36,000 | 36,000 | 37,000 | 36,000 |
TRIR (YTD) | 0.067 | 0.065 | 0.055 | 0.050 | 0.050 | 0.050 | 0.017 | 0.046 | 0.039 | 0.033 | 0.033 | 0.031 | 0.038 | 0.033 | |
Zero Harm days (YTD) | 93% | 94% | 94% | 94% | 94% | 94% | 96% | 96% | 96% | 96% | 96% | 95% | 94% | 95% |
These schedules have been derived from, and should be read in conjunction with, our financial statements in our reports on Forms 10-Q and 10-K which are filed with the SEC, and our quarterly earnings materials which are available on our website.
The Investor Relations Supplemental Financial Information herein reflects the perimeter updates, as discussed in our Q4'25 Earnings Call on February 26, 2026. The perimeter updates reflect Frazer Nash Consultancy and the UK civil nuclear portfolio transitioning to Sustainable Technology Solutions. KBR's 2026 Forms 10-Q and Form 10-K include comparable historical periods and reflect the perimeter updates herein.
Historical reconciliations from GAAP to non-GAAP financial measures are available in our quarterly earnings materials available on our Investor Relations website at https://www.Investors.KBR.com. Non-GAAP financial information reconciliations reflecting the perimeter updates at the segment level have not been provided as the changes are not material at the segment level. All non-GAAP reconciliations for Total KBR are unaffected and remain unchanged.
Discontinued Operations:Due to the contract termination and subsequent wind down of the HomeSafe Alliance joint venture ("HomeSafe"), we have reported the results of HomeSafe as discontinued operations. All periods in this data sheet, unless specified otherwise, are presented as continuing operations (exclude HomeSafe).
Non-GAAP Financial Information:The company has provided the non-GAAP financial information presented herein as information supplemental and in addition to the financial measures presented in quarterly earnings releases that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the press release. The non-GAAP financial measures in the press release may differ from similar measures used by other companies.
Footnotes:Percentages in this table may not add up to exactly 100% due to rounding.
Consistent with our practice, Bookings & Options and Book-to-Bill (BTB) exclude long-term UK PFIs.
Effective beginning with the third quarter of 2026, KBR will discontinue separate disclosure of KBR TTM Book-to-Bill and STS TTM Book-to-Bill excluding the Plaquemines LNG project.
1 The sum of the quarters may not equal the full year value due to the difference in share counts in each period.
2 All supplemental financial information provided is unaudited. All non-GAAP financial information and backlog/BTB are unaudited.