DRS · Leonardo Drs, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · DRS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.65B	$3.23B	$2.83B	$2.69B	$2.78B	-
Cost of Revenue	$2.78B	$2.50B	$2.18B	$2.12B	$2.28B	-
Gross Profit	$869.00M	$736.00M	$648.00M	$575.00M	$494.00M	-
R&D	$129.00M	$92.00M	$82.00M	$58.00M	$41.00M	-
SG&A	$497.00M	$414.00M	$384.00M	$357.00M	$283.00M	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$93.00M	$91.00M	$85.00M	$65.00M	$53.00M	-
Operating Income	$348.00M	$293.00M	$231.00M	$561.00M	$181.00M	-
Interest Expense	-	$21.00M	$36.00M	$34.00M	$64.00M	-
Income Tax	$58.00M	$51.00M	$24.00M	$120.00M	$27.00M	-
Net Income	$278.00M	$213.00M	$168.00M	$405.00M	$85.00M	-
EPS - Basic	$1.05	$0.81	$0.64	$1.88	$0.59	-
EPS - Diluted	$1.03	$0.80	$0.64	$1.88	$0.59	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$647.00M	$598.00M	$467.00M	$306.00M	$240.00M	-
Accounts Receivable	$334.00M	$253.00M	$151.00M	$166.00M	$156.00M	-
Inventory	$352.00M	$358.00M	$329.00M	$319.00M	$205.00M	-
Accounts Payable	$351.00M	$426.00M	$398.00M	$457.00M	$479.00M	-
Current Assets	$2.33B	$2.16B	$1.92B	$1.71B	$1.39B	-
Total Assets	$4.49B	$4.18B	$3.92B	$3.68B	$3.07B	-
Current Liabilities	$1.23B	$1.12B	$1.08B	$1.04B	$989.00M	-
Long-term Debt	$348.00M	$366.00M	$407.00M	$396.00M	$393.00M	-
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$2.73B	$2.56B	$2.33B	$2.13B	$1.59B	($70.00M)◇
Retained Earnings	($2.31B)	($2.59B)	($2.81B)	($2.97B)	($2.98B)	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$366.00M	$271.00M	$205.00M	$33.00M	$125.00M	-
Investing Cash Flow	($154.00M)	($84.00M)	($59.00M)	$436.00M	($70.00M)	-
Financing Cash Flow	($163.00M)	($56.00M)	$15.00M	($403.00M)	($80.00M)	-
CapEx	$139.00M	$85.00M	$60.00M	$65.00M	$56.00M	-
Free Cash Flow	$227.00M	$186.00M	$145.00M	($32.00M)	$69.00M	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	23.8%	22.8%	22.9%	21.4%	17.8%	-
Operating margin	9.5%	9.1%	8.2%	20.8%	6.5%	-
EBITDA margin	12.1%	11.9%	11.2%	23.2%	8.4%	-
Net margin	7.6%	6.6%	5.9%	15.0%	3.1%	-
Free cash flow margin	6.2%	5.8%	5.1%	-1.2%	2.5%	-
FCF / Net income	0.82	0.87	0.86	-0.08	0.81	-
R&D / Revenue	3.5%	2.8%	2.9%	2.2%	1.5%	-
SG&A / Revenue	13.6%	12.8%	13.6%	13.3%	10.2%	-
Effective tax rate	17.3%	19.3%	12.5%	22.9%	24.1%	-
Return on assets	6.2%	5.1%	4.3%	11.0%	2.8%	-
Return on equity	10.2%	8.3%	7.2%	19.0%	5.3%	-
Return on invested capital	9.4%	8.1%	7.4%	17.2%	6.9%	-
Liquidity
Current ratio	1.89	1.94	1.78	1.64	1.40	-
Quick ratio	1.60	1.62	1.47	1.33	1.20	-
Cash ratio	0.53	0.54	0.43	0.29	0.24	-
Leverage
Debt / Equity	0.13	0.14	0.18	0.19	0.25	-
Debt / Assets	0.08	0.09	0.10	0.11	0.13	-
Debt / EBITDA	0.79	0.95	1.29	0.63	1.68	-
Interest coverage	-	14.0x	6.4x	16.5x	2.8x	-
Equity multiplier	1.64	1.64	1.69	1.73	1.93	-
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.81	0.77	0.72	0.73	0.91	-
Inventory turnover	7.89	6.98	6.62	6.64	11.14	-
Days sales outstanding	33d	29d	20d	22d	20d	-
Days inventory outstanding	46d	52d	55d	55d	33d	-
Days payable outstanding	46d	62d	67d	79d	77d	-
Cash conversion cycle	34d	19d	8d	-1d	-23d	-
Valuation
P / E	33.1x	40.4x	31.3x	6.8x	16.0x	-
P / B	3.4x	3.4x	2.3x	1.3x	-	-
P / S	2.5x	2.7x	1.9x	1.0x	-	-
EV / EBITDA	20.1x	21.9x	16.6x	4.4x	-	-
Growth
Revenue growth (YoY)	12.8%	14.4%	4.9%	-3.1%	-	-
Revenue CAGR (3y)	10.6%	5.2%	-	-	-	-
Revenue CAGR (5y)	-	-	-	-	-	-
Gross profit growth (YoY)	18.1%	13.6%	12.7%	16.4%	-	-
Operating income growth (YoY)	18.8%	26.8%	-58.8%	209.9%	-	-
Net income growth (YoY)	30.5%	26.8%	-58.5%	376.5%	-	-
EPS growth (YoY)	28.7%	25.0%	-66.0%	218.6%	-	-
EPS CAGR (3y)	-18.2%	10.7%	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	22.0%	28.3%	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	6.8%	10.0%	9.3%	33.5%	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

($14.00M) total

Integrated Mission Systems Segment($2.00M) · 0.0%

Advanced Sensing And Computing Segment($12.00M) · 0.0%

Geographic

$2.34B total

US$2.02B · 86.1%

Non Us$325.00M · 13.9%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

8/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys

Company	Revenue (last FY)	Net margin	ROE
GRMN	$7.25B	23.0%	18.5%
NOC	$41.95B	10.0%	25.1%
LHX	$967.00M	166.1%	8.2%
NN	$4.57M	-4138.5%	219.5%
TDY	$6.12B	14.6%	8.5%

Comparing Leonardo DRS against the 5 most active filers in the same SIC group.

Dividends

$0.36/share trailing 12 months · +100.0% YoY

Ex-date	Per share
May 19, 2026	$0.0900
Mar 10, 2026	$0.0900
Nov 18, 2025	$0.0900
Aug 20, 2025	$0.0900
May 22, 2025	$0.0900
Mar 13, 2025	$0.0900

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.