Filing Flows › KBR (KBR) › Q2 2025
KBR (KBR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
KBR (KBR) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), +6% from a year earlier and -3% from the quarter before. Operating margin was 9.9%, net earnings $73.0M (3.7% of revenue).
KBR, Q2 2025: revenue $2.0B (+6% year over year), operating margin 9.9%, net earnings $73.0M, operating cash flow $217M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -3% | +6% |
| Gross profit | $290M | -3% | +7% |
| Operating profit | $194M | -4% | +8% |
| Net earnings | $73.0M | -37% | -31% |
| Operating cash flow | $217M | +121% | +28% |
| Free cash flow | $210M | +136% | +23% |
What changed
Revenue was $2.0B in Q2 2025, up 6% year over year and down 3% from the previous quarter. MTS was the largest line at 72% of revenue. MTS added $0.10B year over year (up 7%), 91% of the total change.
Gross margin was 14.9%, up 0.2 points from a year earlier. Operating profit was $0.19B, a 9.9% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, above the 10% margin then. Operating expenses grew 7% against revenue growth of 6%. Net earnings were $0.07B, down 31% year over year ($0.06B including minority interests, which bore $0.01B of losses). The effective tax rate was 40.2%.
Operating cash flow was $0.22B (up 28% year over year), 374% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items added $0.11B. Capital expenditures of $0.01B left free cash flow of $0.21B.
Questions
What was KBR's revenue in the second quarter 2025?
KBR (KBR) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), +6% from a year earlier and -3% from the quarter before.
Was KBR profitable in the second quarter 2025?
Operating profit was $194M (9.9% of revenue) and net earnings $73.0M.
Source: KBR 10-Q on SEC EDGAR.