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CIK 1357615 · Environmental Engineering & Consulting
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, KBR filings, SEC EDGAR
$4,126
Market cap ($MM)
$6,557
Enterprise value ($MM)
$7,691
Revenue · LTM ($MM)
$927
EBITDA · LTM ($MM)
12%
EBITDA margin
0.9x
EV / revenue
7.1x
EV / EBITDA
2.4x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 2.4x net debt / EBITDA with EBITDA of $927MM.
$380
Cash & equiv. ($MM)
$2,583
Total debt ($MM)
$2,203
Net debt ($MM)
2.4x
Net debt / EBITDA
Valuation
KBR versus the scaled public Environmental Engineering & Consulting comparables.
Indexed share-price performance
KBR versus available Environmental Engineering & Consulting peers and SPY.
-18%
KBR
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| KBR, Inc. | KBR | $7,691 | $927 | 12% | $4,126 | $6,557 | 0.9x | 7.1x | 2.4x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
KBR's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
47
Active years
12
Named deals
10
Avg / active year
3.9
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisitions + disclosed spend
KBR count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
2 / 5
Last three years is down 60% vs prior three.
Peak count year
FY08
4 disclosed acquisitions in the peak visible year.
Recent spend
$829MM
is down 37% vs prior three; peak FY16 at $911MM.
Named evidence
10 rows
21% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Oct 1, 2020 | Centauri Platform Holdings, LLC | Environmental engineering, consulting, and infrastructure services | $830 | On October 1, 2020, we acquired Centauri in accordance with an agreement and plan of merger, pursuant to which a wholly owned subsidiary of KBR merged with and into Centauri, wi... | 10-K† |
| Oct 20, 2021 | Frazer-Nash Consultancy Limited | Environmental engineering, consulting, and infrastructure services | $392 | On October 20, 2021, we acquired Frazer-Nash in accordance with an agreement with Babcock International Group PLC, a leading UK based provider of specialist systems, engineering... | 10-K† |
| Apr 18, 2018 | Aspire Defence Subcontracting Joint Ventures | Environmental engineering, consulting, and infrastructure services | $50 | Effective January 15, 2018, as a result of our joint venture partner's compulsory liquidation, we assumed operational control of and began consolidating the Aspire Defence subco... | 10-K† |
| Aug 30, 2024 | LinQuest | Environmental engineering, consulting, and infrastructure services | $739 | On August 30, 2024, we acquired LinQuest for $739 million in cash net of cash acquired, subject to certain working capital, net debt and other post-closing adjustments. The purc... | 10-K† |
| Jul 1, 2016 | Wyle Inc. | Environmental engineering, consulting, and infrastructure services | $623 | On July 1, 2016, we acquired 100% of the equity interests of Wyle from its shareholders, including Court Square Capital Partners and certain officers of Wyle, pursuant to an agr... | 10-K† |
| Jul 1, 2016 | Wyle Inc. | Environmental engineering, consulting, and infrastructure services | $623 | During the third quarter of 2016, we acquired 100% of the equity interests of Wyle Inc. ("Wyle") from its shareholders, including Court Square Capital Partners and certain offic... | 10-K† |
| Jul 1, 2008 | BE&K, Inc. | Environmental engineering, consulting, and infrastructure services | $559 | On July 1, 2008, we acquired 100% of the outstanding common shares of BE&K, Inc., (“BE&K”) a privately held, Birmingham, Alabama-based engineering, construction and maintenance... | 10-K† |
| Jun 30, 2018 | SGT | Environmental engineering, consulting, and infrastructure services | $365 | During the second quarter of 2018, we acquired 100% of the outstanding stock of SGT, a leading provider of high-value engineering, mission operations, scientific and IT software... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 8 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
20
Named deal filings
8
Recent SEC filings
0
Evidence clips
6
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 26, 2026 | Annual M&A 10-K | accepted | 1 | $15.0MM | $35.0MM | SEC filing |
| FY2024 | Feb 25, 2025 | Annual M&A 10-K | accepted | 1 | $739MM | $749MM | SEC filing |
| FY2023 | Feb 20, 2024 | Annual M&A 10-K | quarantined (1 issue) | 0 | N/A | N/A | SEC filing |
| FY2022 | Feb 17, 2023 | Annual M&A 10-K | accepted | 1 | $75.0MM | $82.0MM | SEC filing |
| FY2021 | Feb 22, 2022 | Annual M&A 10-K | accepted | 2 | $409MM | $411MM | SEC filing |
| FY2020 | Feb 25, 2021 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 2 | $839MM | $830MM | SEC filing |
| FY2019 | Feb 24, 2020 | Annual M&A 10-K | quarantined (1 issue) | N/A | N/A | N/A | SEC filing |
| FY2018 | Feb 26, 2019 | Annual M&A 10-K | accepted | 2 | N/A | $595MM | SEC filing |
| FY2017 | Feb 23, 2018 | Annual M&A 10-K | accepted | 1 | $9.0MM | $9.0MM | SEC filing |
| FY2016 | Feb 24, 2017 | Annual M&A 10-K | accepted | 3 | $926MM | $928MM | SEC filing |
| FY2015 | Feb 26, 2016 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 0 | N/A | N/A | SEC filing |
| FY2014 | Feb 27, 2015 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2013 | Feb 27, 2014 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2012 | Feb 20, 2013 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 0 | N/A | N/A | SEC filing |
| FY2011 | Feb 22, 2012 | Annual M&A 10-K | warning (1 warn) | 2 | $289MM | $297MM | SEC filing |
| FY2010 | Feb 23, 2011 | Annual M&A 10-K | quarantined (1 issue) | 2 | $296MM | $313MM | SEC filing |
| FY2009 | Feb 25, 2010 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 0 | N/A | N/A | SEC filing |
| FY2008 | Feb 25, 2009 | Annual M&A 10-K | quarantined (1 issue) | 4 | $582MM | $591MM | SEC filing |
| FY2007 | Feb 26, 2008 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2006 | Feb 28, 2007 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 26, 2026 | 10-K | LinQuest | Annual M&ANamed deals | SEC filing |
| Feb 17, 2023 | 10-K | Centauri Platform Holdings, LLC; Frazer-Nash Consultancy Limited | Annual M&ANamed deals | SEC filing |
| Feb 25, 2021 | 10-K | Stinger Ghaffarian Technologies | Annual M&ANamed deals | SEC filing |
| Feb 24, 2020 | 10-K | Aspire Defence Subcontracting Joint Ventures | Annual M&ANamed deals | SEC filing |
| Feb 26, 2019 | 10-K | SGT | Annual M&ANamed deals | SEC filing |
| Feb 23, 2018 | 10-K | Wyle Inc.; Stinger Ghaffarian Technologies | Annual M&ANamed deals | SEC filing |
| Feb 24, 2017 | 10-K | Wyle Inc. | Annual M&ANamed deals | SEC filing |
| Feb 25, 2010 | 10-K | BE&K, Inc. | Annual M&ANamed deals | SEC filing |
Centauri Platform Holdings, LLC
10-K - Feb 17, 2023
On October 1, 2020, we acquired Centauri in accordance with an agreement and plan of merger, pursuant to which a wholly owned subsidiary of KBR merged with and into Centauri, with Centauri continui...
Frazer-Nash Consultancy Limited
10-K - Feb 17, 2023
On October 20, 2021, we acquired Frazer-Nash in accordance with an agreement with Babcock International Group PLC, a leading UK based provider of specialist systems, engineering and technology solu...
Aspire Defence Subcontracting Joint Ventures
10-K - Feb 24, 2020
Effective January 15, 2018, as a result of our joint venture partner's compulsory liquidation, we assumed operational control of and began consolidating the Aspire Defence subcontracting entities i...
LinQuest Corporation
10-K - Feb 26, 2026
On August 30, 2024, we acquired LinQuest for $739 million in cash net of cash acquired, subject to certain working capital, net debt and other post-closing adjustments. The purchase price allocatio...
Wyle Inc. Acquisition
10-K - Feb 23, 2018
On July 1, 2016, we acquired 100% of the equity interests of Wyle from its shareholders, including Court Square Capital Partners and certain officers of Wyle, pursuant to an agreement and plan of m...
Acquisition of Wyle Inc.
10-K - Feb 24, 2017
During the third quarter of 2016, we acquired 100% of the equity interests of Wyle Inc. ("Wyle") from its shareholders, including Court Square Capital Partners and certain officers of Wyle, pursuan...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.