KBR : First Quarter 2026 Supplemental Schedule

Published: 2026-05-05 06:13:24 ET KBR

Published on 05/05/2026 at 06:13 am EDT

‌Published on May 5, 2026. Refer to last page for footnotes and disclosures.

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

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

5,176

Sustainable Technology Solutions

2,134

579

618

612

683

2,492

637

616

605

667

2,525

627

2,515

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

7,691

Revenue by Segment (% of Total Revenue)

Mission Technology Solutions

69%

68%

67%

68%

68%

68%

68%

68%

69%

65%

68%

67%

67%

Sustainable Technology Solutions

31%

32%

33%

32%

32%

32%

32%

32%

31%

35%

32%

33%

33%

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

4,167

Europe

1,816

468

458

468

500

1,894

457

356

397

374

1,584

366

1,493

Middle East

528

165

188

178

200

731

178

205

200

207

790

223

835

Australia

496

121

136

134

135

526

132

137

149

130

548

149

565

Africa

176

50

49

47

55

201

51

69

64

69

253

57

259

Asia

169

31

25

37

59

152

44

37

30

31

142

39

137

Other Countries

154

38

41

41

41

161

47

38

51

89

225

57

235

Revenue by Geography - KBR (% of Total Revenue)

United States

52%

52%

51%

53%

53%

52%

55%

57%

54%

52%

55%

54%

54%

Europe

26%

26%

25%

24%

24%

25%

23%

18%

21%

20%

20%

19%

19%

Middle East

8%

9%

10%

9%

9%

9%

9%

11%

10%

11%

10%

12%

11%

Australia

7%

7%

7%

7%

6%

7%

7%

7%

8%

7%

7%

8%

7%

Africa

3%

3%

3%

2%

3%

3%

3%

4%

3%

4%

3%

3%

3%

Asia

2%

2%

1%

2%

3%

2%

2%

2%

2%

2%

2%

2%

2%

Other Countries

2%

2%

2%

2%

2%

2%

2%

2%

3%

5%

3%

3%

3%

Revenue by Geography - MTS ($ in Millions)

United States

3,096

818

821

896

968

3,503

976

988

938

870

3,772

950

3,746

Europe

1,272

310

300

319

329

1,258

293

214

263

223

993

215

915

Middle East

105

30

23

25

32

110

26

39

28

30

123

31

128

Australia

204

47

50

53

52

202

50

56

62

51

219

63

232

Africa

70

17

16

17

20

70

18

18

20

21

77

19

78

Asia

17

4

2

1

11

18

3

10

2

5

20

4

21

Other Countries

58

13

17

14

13

57

15

11

13

18

57

14

56

Revenue by Geography - MTS (% of Total Revenue)

United States

64%

66%

67%

68%

68%

67%

71%

74%

71%

71%

72%

73%

72%

Europe

26%

25%

24%

24%

23%

24%

21%

16%

20%

18%

19%

17%

18%

Middle East

2%

2%

2%

2%

2%

2%

2%

3%

2%

2%

2%

2%

2%

Australia

4%

4%

4%

4%

4%

4%

4%

4%

5%

4%

4%

5%

4%

Africa

1%

1%

1%

1%

1%

1%

1%

1%

2%

2%

1%

1%

2%

Asia

-%

-%

-%

-%

1%

-%

-%

1%

-%

-%

-%

-%

-%

Other Countries

1%

1%

1%

1%

1%

1%

1%

1%

1%

1%

1%

1%

1%

Revenue by Geography - STS ($ in Millions)

United States

521

127

129

136

150

542

133

122

102

115

472

82

421

Europe

544

158

158

149

171

636

164

142

134

151

591

151

578

Middle East

423

135

165

153

168

621

152

166

172

177

667

192

707

Australia

292

74

86

81

83

324

82

81

87

79

329

86

333

Africa

106

33

33

30

35

131

33

51

44

48

176

38

181

Asia

152

27

23

36

48

134

41

27

28

26

122

35

116

Other Countries

96

25

24

27

28

104

32

27

38

71

168

43

179

Revenue by Geography - STS (% of Total Revenue)

United States

24%

22%

21%

22%

22%

22%

21%

20%

17%

17%

19%

13%

17%

Europe

25%

27%

26%

24%

25%

26%

26%

23%

22%

23%

23%

24%

23%

Middle East

20%

23%

27%

25%

25%

25%

24%

27%

28%

27%

26%

31%

28%

Australia

14%

13%

14%

13%

12%

13%

13%

13%

14%

12%

13%

14%

13%

Africa

5%

6%

5%

5%

5%

5%

5%

8%

7%

7%

7%

6%

7%

Asia

7%

5%

4%

6%

7%

5%

6%

4%

5%

4%

5%

6%

5%

Other Countries

4%

4%

4%

4%

4%

4%

5%

4%

6%

11%

7%

7%

7%

Revenue by Contract Type - KBR ($ in Millions)

Cost Reimbursable

3,287

844

839

898

926

3,507

891

853

823

738

3,305

778

3,192

Time-and-Materials

2,012

508

553

563

630

2,254

591

615

573

532

2,311

563

2,283

Fixed Price

1,657

466

455

476

552

1,949

536

484

535

615

2,170

582

2,216

Revenue by Contract Type - MTS ($ in Millions)

Cost Reimbursable

3,287

844

839

898

926

3,507

891

853

823

738

3,305

771

3,185

Time-and-Materials

694

162

162

183

214

721

207

194

195

175

771

200

764

Fixed Price

841

233

228

244

285

990

283

289

308

305

1,185

325

1,227

Revenue by Contract Type - STS ($ in Millions)

Cost Reimbursable

-

-

-

-

-

-

-

-

-

-

-

7

7

Time-and-Materials

1,318

346

391

380

416

1,533

384

421

378

357

1,540

363

1,519

Fixed Price

816

233

227

232

267

959

253

195

227

310

985

257

989

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

3,280

U.S. Government Federal Civilian Clients

1,052

280

268

288

276

1,112

281

273

274

229

1,057

262

1,038

International Government Clients

791

221

219

220

231

891

219

223

236

227

905

238

924

Commercial & Infrastructure Clients

2,074

559

591

594

671

2,415

612

600

589

653

2,454

607

2,449

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

3,280

U.S. Government Federal Civilian Clients

1,052

280

268

288

276

1,112

281

273

274

229

1,057

262

1,038

International Government Clients

627

172

168

175

190

705

167

181

194

188

730

192

755

Commercial & Infrastructure Clients

104

29

24

27

29

109

27

26

26

25

104

26

103

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

169

Commercial & Infrastructure Clients

1,970

530

567

567

642

2,306

585

574

563

628

2,350

581

2,346

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

TTM

Adj. EBITDA by Segment ($ in Millions)

Mission Technology Solutions

474

120

128

129

131

508

139

136

138

138

551

138

550

Sustainable Technology Solutions

399

114

115

121

125

475

135

134

128

128

525

137

527

Corporate

(125)

(27)

(27)

(31)

(30)

(115)

(26)

(28)

(26)

(28)

(108)

(24)

(106)

Total KBR

748

207

216

219

226

868

248

242

240

238

968

251

971

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%

10.6%

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%

21.0%

Adjusted EBITDA Margin

10.8%

11.4%

11.7%

11.3%

10.7%

11.3%

12.3%

12.4%

12.4%

12.4%

12.4%

13.1%

12.6%

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%

51%

Sustainable Technology Solutions

46%

49%

47%

48%

49%

48%

49%

50%

48%

48%

49%

50%

49%

Equity in Earnings of Unconsolidated Affiliates

($ in Millions)

Mission Technology Solutions

33

5

11

9

7

32

7

8

8

10

33

10

36

Sustainable Technology Solutions

81

25

29

18

3

75

35

43

62

37

177

41

183

Total KBR

114

30

40

27

10

107

42

51

70

47

210

51

219

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

36

Share of JV interest, tax, D&A and acquisition costs

-

-

-

-

-

-

-

-

-

-

-

1

1

Adjusted EBITDA from Unconsolidated JVs

33

5

11

9

7

32

7

8

8

10

33

11

37

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

183

Share of JV interest, tax, D&A and acquisition costs

-

-

-

-

-

-

-

-

-

-

-

13

13

Adjusted EBITDA from Unconsolidated JVs

81

25

29

18

3

75

35

43

62

37

177

54

196

Non-GAAP Adjustments (EBITDA) ($ in Millions)

Consolidated EBITDA

374

201

215

212

182

810

242

238

232

228

940

221

919

Spin off, acquisition and integration

10

1

5

9

8

23

6

4

8

10

28

16

38

Share of JV interest, tax, D&A and acquisition costs

-

-

-

-

-

-

-

-

-

-

-

14

14

Ichthys commercial resolution

1

4

(1)

(2)

10

11

-

-

-

-

-

-

-

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

971

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

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

Ichthys interest and commercial dispute costs

0.01

0.03

(0.01)

(0.01)

0.08

0.09

-

-

-

-

-

-

Spin off, acquisition and integration

0.06

0.01

0.03

0.04

0.05

0.13

0.03

0.03

0.04

0.06

0.16

0.09

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

-

-

-

-

-

-

-

-

-

-

-

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

Cash Flow - GAAP & Non-GAAP ($ in Millions)

Operating Cash Flows

301

99

157

153

41

450

91

217

198

51

557

110

576

Legacy legal settlement (after tax)

132

-

-

-

-

-

-

-

-

-

-

-

-

Spin off transaction costs

-

-

-

-

-

-

-

-

-

-

-

9

9

Adjusted Operating Cash Flows

433

99

157

153

41

450

91

217

198

51

557

119

585

Adjusted Operating Cash Flow Conversion

109%

95%

141%

137%

34%

101%

68%

185%

152%

40%

110%

98%

Purchases of Property, Plant and Equipment

(62)

(20)

(4)

(12)

(16)

(52)

(2)

(14)

(8)

(18)

(42)

(12)

(52)

Adjusted Free Cash Flows

371

79

153

141

25

398

89

203

190

33

515

107

533

Adjusted Free Cash Flow Conversion

94%

77%

137%

126%

21%

89%

66%

173%

145%

26%

102%

88%

Payments of dividends to shareholders

(72)

(18)

(21)

(20)

(20)

(79)

(20)

(21)

(22)

(21)

(84)

(21)

(85)

Payments to reacquire common stock

(138)

(61)

(97)

(9)

(51)

(218)

(156)

(48)

(100)

(25)

(329)

(4)

(177)

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

7,691

Gross Profit

977

248

270

290

291

1,099

300

290

270

290

1,150

265

1,115

Equity in earnings (losses) of unconsolidated affiliates

114

30

40

27

10

107

42

51

70

47

210

51

219

Selling, general, and administrative expenses

(487)

(121)

(129)

(140)

(153)

(543)

(140)

(146)

(149)

(143)

(578)

(133)

(571)

Operating Income

449

166

180

173

140

659

202

194

191

191

778

180

756

Interest Expense

(115)

(31)

(32)

(37)

(44)

(144)

(41)

(41)

(39)

(37)

(158)

(37)

(154)

Income from continuing ops before income taxes

(165)

129

146

134

99

508

164

145

152

153

614

143

593

Provision for income taxes

(95)

(35)

(40)

(32)

(22)

(129)

(43)

(39)

(34)

(40)

(156)

(40)

(153)

Net income (loss) attributable to KBR from continuing ops

(264)

93

106

100

75

374

120

105

116

110

451

103

434

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

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

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

KBR TTM Book-to-Bill (ex Plaquemines LNG project)

Not previously disclosed

1.1x

1.0x

1.0x

1.0x

1.0x

1.0x

1.0x

1.0x

1.1x

STS TTM Book-to-Bill (ex Plaquemines LNG project)

Not previously disclosed

1.1x

1.1x

1.1x

1.1x

1.0x

1.0x

1.2x

1.2x

1.2x

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

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

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

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

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

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

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

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

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

Cash & Cash Equivalents

283

306

399

446

342

342

432

403

539

500

500

380

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

TTM Adj. EBITDA

748

773

798

831

868

868

909

935

956

968

968

971

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

Share Count (in Millions)

Diluted

135

135

134

133

133

134

132

129

128

127

129

127

Adjusted

136

135

134

133

133

134

132

129

128

127

129

127

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

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

Zero Harm days (YTD)

93%

94%

94%

94%

94%

94%

96%

96.0%

96.0%

96.0%

96%

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.

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).

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.

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.

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.

Disclaimer

KBR Inc. published this content on May 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2026 at 10:12 UTC.