BYRN vs. KTOS
BYRN (Byrna Technologies Inc.) and KTOS (Kratos Defense & Security Solutions, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, BYRN returned 9.45%/yr vs 30.20%/yr for KTOS. At a 0.11 correlation, their price movements are largely independent.
Performance
BYRN vs. KTOS - Performance Comparison
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Returns By Period
In the year-to-date period, BYRN achieves a -64.74% return, which is significantly lower than KTOS's -22.91% return. Over the past 10 years, BYRN has underperformed KTOS with an annualized return of 9.45%, while KTOS has yielded a comparatively higher 30.20% annualized return.
BYRN
- 1D
- -6.48%
- 1M
- 7.44%
- YTD
- -64.74%
- 6M
- -69.90%
- 1Y
- -77.72%
- 3Y*
- 5.86%
- 5Y*
- -24.23%
- 10Y*
- 9.45%
KTOS
- 1D
- -7.70%
- 1M
- -4.88%
- YTD
- -22.91%
- 6M
- -23.50%
- 1Y
- 45.00%
- 3Y*
- 60.67%
- 5Y*
- 17.64%
- 10Y*
- 30.20%
BYRN vs. KTOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | -64.74% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
KTOS Kratos Defense & Security Solutions, Inc. | -22.91% | 187.76% | 30.01% | 96.61% | -46.80% | -29.27% | 52.30% | 27.82% | 33.05% | 43.11% |
Correlation
The correlation between BYRN and KTOS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2011 | 0.11 |
Over the past year, BYRN and KTOS have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
Fundamentals
BYRN:
$141.07M
KTOS:
$10.50B
BYRN:
$0.37
KTOS:
$0.17
BYRN:
16.08
KTOS:
339.82
BYRN:
1.17
KTOS:
7.06
BYRN:
2.12
KTOS:
3.08
BYRN:
$120.98M
KTOS:
$1.42B
BYRN:
$72.95M
KTOS:
$259.40M
BYRN:
$12.75M
KTOS:
$78.30M
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Return for Risk
BYRN vs. KTOS — Risk / Return Rank
BYRN
KTOS
BYRN vs. KTOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Byrna Technologies Inc. (BYRN) and Kratos Defense & Security Solutions, Inc. (KTOS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BYRN | KTOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.16 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.75 | -1.67 |
| Martin ratioReturn relative to average drawdown | -1.44 | 1.57 | -3.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BYRN | KTOS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | 0.63 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.34 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.60 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.14 | +0.17 |
Drawdowns
BYRN vs. KTOS - Drawdown Comparison
The maximum BYRN drawdown since its inception was -92.51%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for BYRN and KTOS.
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Drawdown Indicators
| BYRN | KTOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -99.81% | +7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -85.22% | -60.15% | -25.07% |
Max Drawdown (3Y)Largest decline over 3 years | -85.49% | -60.15% | -25.34% |
Max Drawdown (5Y)Largest decline over 5 years | -92.51% | -69.39% | -23.12% |
Max Drawdown (10Y)Largest decline over 10 years | -92.51% | -72.74% | -19.77% |
Current DrawdownCurrent decline from peak | -82.68% | -96.29% | +13.61% |
Average DrawdownAverage peak-to-trough decline | -52.33% | -95.94% | +43.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.97% | 28.83% | +25.14% |
Volatility
BYRN vs. KTOS - Volatility Comparison
The current volatility for Byrna Technologies Inc. (BYRN) is 17.91%, while Kratos Defense & Security Solutions, Inc. (KTOS) has a volatility of 25.12%. This indicates that BYRN experiences smaller price fluctuations and is considered to be less risky than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYRN | KTOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.91% | 25.12% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 59.87% | 56.86% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.49% | 71.80% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.20% | 52.20% | +21.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.31% | 50.77% | +44.54% |
Dividends
BYRN vs. KTOS - Dividend Comparison
Neither BYRN nor KTOS has paid dividends to shareholders.
Financials
BYRN vs. KTOS - Financials Comparison
This section allows you to compare key financial metrics between Byrna Technologies Inc. and Kratos Defense & Security Solutions, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BYRN vs. KTOS - Profitability Comparison
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a gross profit of 17.40M and revenue of 29.05M. Therefore, the gross margin over that period was 59.9%.
KTOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kratos Defense & Security Solutions, Inc. reported a gross profit of 34.70M and revenue of 371.00M. Therefore, the gross margin over that period was 9.4%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported an operating income of 928.00K and revenue of 29.05M, resulting in an operating margin of 3.2%.
KTOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kratos Defense & Security Solutions, Inc. reported an operating income of 4.70M and revenue of 371.00M, resulting in an operating margin of 1.3%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a net income of 801.00K and revenue of 29.05M, resulting in a net margin of 2.8%.
KTOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kratos Defense & Security Solutions, Inc. reported a net income of 11.90M and revenue of 371.00M, resulting in a net margin of 3.2%.
Frequently Asked Questions
BYRN and KTOS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTOS has higher volatility (25.12%) compared to BYRN (17.91%). In terms of maximum drawdown, BYRN dropped -92.51% vs KTOS's -99.81%.
KTOS currently has the higher Sharpe Ratio (0.63 vs -1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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