ELAN vs. KTOS

Last updated Apr 2, 2026

Compare and contrast key facts about Elanco Animal Health Incorporated (ELAN) and Kratos Defense & Security Solutions, Inc. (KTOS).

Performance

ELAN vs. KTOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elanco Animal Health Incorporated (ELAN) and Kratos Defense & Security Solutions, Inc. (KTOS). The values are adjusted to include any dividend payments, if applicable.

ELAN vs. KTOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ELAN Elanco Animal Health Incorporated	2.17%	86.87%	-18.72%	21.93%	-56.94%	-7.47%	4.14%	-6.60%	-12.42%
KTOS Kratos Defense & Security Solutions, Inc.	-10.82%	187.76%	30.01%	96.61%	-46.80%	-29.27%	52.30%	27.82%	1.95%

Fundamentals

Market Cap ELAN : $11.49B KTOS : $11.73B
EPS ELAN : -$0.47 KTOS : $0.13
PS Ratio ELAN : 2.44 KTOS : 8.44
PB Ratio ELAN : 1.75 KTOS : 5.87
Total Revenue (TTM) ELAN : $4.72B KTOS : $1.35B
Gross Profit (TTM) ELAN : $2.59B KTOS : $256.10M
EBITDA (TTM) ELAN : $874.00M KTOS : $70.20M

Returns By Period

In the year-to-date period, ELAN achieves a 2.17% return, which is significantly higher than KTOS's -10.82% return.

ELAN

• 1D: -3.38%
• 1M: -11.38%
• YTD: 2.17%
• 6M: 11.15%
• 1Y: 123.38%
• 3Y*: 34.99%
• 5Y*: -4.29%
• 10Y*: —

KTOS

• 1D: -3.99%
• 1M: -25.37%
• YTD: -10.82%
• 6M: -27.17%
• 1Y: 131.06%
• 3Y*: 71.25%
• 5Y*: 19.07%
• 10Y*: 29.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ELAN vs. KTOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELAN

ELAN Risk / Return Rank: 94
ELAN Sharpe Ratio Rank: 93
ELAN Sortino Ratio Rank: 95
ELAN Omega Ratio Rank: 93
ELAN Calmar Ratio Rank: 93
ELAN Martin Ratio Rank: 96

KTOS

KTOS Risk / Return Rank: 84
KTOS Sharpe Ratio Rank: 89
KTOS Sortino Ratio Rank: 85
KTOS Omega Ratio Rank: 81
KTOS Calmar Ratio Rank: 82
KTOS Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELAN vs. KTOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elanco Animal Health Incorporated (ELAN) 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.

	ELAN	KTOS	Difference
Sharpe ratio Return per unit of total volatility	2.44	1.95	+0.49
Sortino ratio Return per unit of downside risk	3.55	2.42	+1.13
Omega ratio Gain probability vs. loss probability	1.45	1.30	+0.15
Calmar ratio Return relative to maximum drawdown	4.85	2.56	+2.29
Martin ratio Return relative to average drawdown	18.09	6.85	+11.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELAN vs. KTOS - Sharpe Ratio Comparison

The current ELAN Sharpe Ratio is 2.44, which is comparable to the KTOS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of ELAN and KTOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ELAN	KTOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.95	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.38	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	-0.13	0.00

Correlation

The correlation between ELAN and KTOS is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ELAN vs. KTOS - Dividend Comparison

Neither ELAN nor KTOS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ELAN vs. KTOS - Drawdown Comparison

The maximum ELAN drawdown since its inception was -78.00%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for ELAN and KTOS.

Drawdown Indicators

	ELAN	KTOS	Difference
Max Drawdown Largest peak-to-trough decline	-78.00%	-99.81%	+21.81%
Max Drawdown (1Y) Largest decline over 1 year	-24.79%	-50.06%	+25.27%
Max Drawdown (5Y) Largest decline over 5 years	-78.00%	-69.39%	-8.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.74%	—
Current Drawdown Current decline from peak	-37.04%	-95.71%	+58.67%
Average Drawdown Average peak-to-trough decline	-39.85%	-95.94%	+56.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.64%	18.68%	-12.04%

Volatility

ELAN vs. KTOS - Volatility Comparison

The current volatility for Elanco Animal Health Incorporated (ELAN) is 14.32%, while Kratos Defense & Security Solutions, Inc. (KTOS) has a volatility of 22.29%. This indicates that ELAN 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.

Volatility by Period

	ELAN	KTOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	22.29%	-7.97%
Volatility (6M) Calculated over the trailing 6-month period	25.77%	55.39%	-29.62%
Volatility (1Y) Calculated over the trailing 1-year period	50.81%	67.59%	-16.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.55%	50.57%	-6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.81%	50.24%	-6.43%

Financials

ELAN vs. KTOS - Profitability Comparison

The chart below illustrates the profitability comparison between Elanco Animal Health Incorporated and Kratos Defense & Security Solutions, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ELAN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Elanco Animal Health Incorporated reported a gross profit of 853.00M and revenue of 1.14B. Therefore, the gross margin over that period was 74.6%.

KTOS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kratos Defense & Security Solutions, Inc. reported a gross profit of 31.60M and revenue of 345.10M. Therefore, the gross margin over that period was 9.2%.

ELAN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Elanco Animal Health Incorporated reported an operating income of 562.00M and revenue of 1.14B, resulting in an operating margin of 49.1%.

KTOS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kratos Defense & Security Solutions, Inc. reported an operating income of 8.20M and revenue of 345.10M, resulting in an operating margin of 2.4%.

ELAN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Elanco Animal Health Incorporated reported a net income of -276.00M and revenue of 1.14B, resulting in a net margin of -24.1%.

KTOS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kratos Defense & Security Solutions, Inc. reported a net income of 5.90M and revenue of 345.10M, resulting in a net margin of 1.7%.