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Leonardo DRS, Inc. Common Stock (DRS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · AEROSPACE & DEFENSE · DATA UPDATED 2026-09-19

Leonardo DRS, Inc. Common Stock (DRS) operates in the AEROSPACE & DEFENSE industry and is headquartered in Arlington, United States with about 7,300 employees. Its market capitalization is roughly $10 billion. In the fiscal year ended 2025-12-31, DRS reported $3.6B in revenue and $278M in net income.

Leonardo DRS, Inc., together with its subsidiaries, provides defense electronic products and systems, and military support services worldwide. It operates through Advanced Sensing and Computing and Integrated Mission Systems segments.

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DRS Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312007-12-312006-12-312005-12-31
Total Revenue$3.8B$3.6B$3.2B$2.8B$2.7B$2.9B$2.8B$2.7B$2.3B$26M$13M$3.3B$2.8B$1.7B
Gross Profit$929M$847M$736M$648M$575M$547M$494M$459M$414M$8M$1M$426M$362M$240M
Gross Margin %24.6%23.2%22.8%22.9%21.3%19.0%17.8%16.9%17.8%31.9%11.2%12.9%12.8%13.9%
Operating Income (EBIT)$398M$348M$293M$231M$561M$236M$181M$163M$45M$2M($3M)$360M$312M$193M
Operating Margin %10.5%9.5%9.1%8.2%20.8%8.2%6.5%6.0%1.9%7.6%-26.5%10.9%11.0%11.1%
Net Income$322M$278M$213M$168M$405M$154M$85M$75M($10M)$2M($5M)$166M$127M$81M
Net Margin %8.5%7.6%6.6%5.9%15.0%5.3%3.1%2.8%-0.4%8.6%-38.3%5.0%4.5%4.7%
EBITDA$437M$376M$313M$624M$293M$229M$211M$169M$439M$385M$242M
Earnings Per Share (EPS)$1.20$1.03$0.80$0.64$1.88$1.06$0.57$0.52$-0.07$0.07$-0.23$2.00$6.23$15.99
Shares Outstanding (M)269M268M264M215M145M150M145M145M31M21M83M20M5M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DRS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$913M$846M$1.1B$960M$829M$799M$981M$812M$753M
Gross Profit$237M$207M$263M$222M$197M$181M$235M$179M$169M
Gross Margin %26.0%24.5%24.8%23.1%23.8%22.7%24.0%22.0%22.4%
Operating Income (EBIT)$102M$77M$126M$93M$70M$59M$120M$75M$55M
Operating Margin %11.2%9.1%11.9%9.7%8.4%7.4%12.2%9.2%7.3%
Net Income$86M$62M$102M$72M$54M$50M$89M$57M$38M
Net Margin %9.4%7.3%9.6%7.5%6.5%6.3%9.1%7.0%5.1%
EBITDA$101M$149M$114M$92M$82M$138M$97M$77M
Earnings Per Share (EPS)$0.32$0.23$0.38$0.27$0.20$0.19$0.33$0.21$0.14
Shares Outstanding (M)269M269M269M269M269M268M268M267M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DRS Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312007-12-312006-12-312005-12-31
Cash from Operations (CFO)$501M$366M$271M$205M$33M$178M$125M$157M$105M$1M($5M)$211M$195M$157M
Capital Expenditures (CapEx)$138M$139M$85M$60M$65M$60M$56M$55M$40M$2M$0M$71M$56M$43M
Free Cash Flow (FCF)$363M$227M$186M$145M($32M)$118M$69M$102M$65M($1M)($5M)$140M$139M$114M
FCF Margin %9.6%6.2%5.8%5.1%-1.2%4.1%2.5%3.8%2.8%-2.7%-39.2%4.2%4.9%6.6%
Dividends Paid$96M$0M$1M$396M$0M$0M$5M$5M$4M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DRS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$35M($66M)$425M$107M($28M)($138M)$443M$59M$34M
Capital Expenditures (CapEx)$29M$30M$49M$30M$28M$32M$29M$12M$34M
Free Cash Flow (FCF)$6M($96M)$376M$77M($56M)($170M)$414M$47M$0M
FCF Margin %0.7%-11.3%35.5%8.0%-6.8%-21.3%42.2%5.8%0.0%
Dividends Paid$24M$24M$24M$24M$24M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DRS Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312007-12-312006-12-312005-12-31
Total Assets$4.2B$4.6B$4.2B$3.9B$3.7B$3.1B$3.0B$2.9B$54M$36M$21M$4.3B$4.2B$4.0B
Cash & Cash Equivalents$270M$647M$598M$467M$306M$240M$61M$85M$86M$96M$1M
Total Liabilities$1.4B$1.9B$1.6B$1.6B$1.6B$1.5B$1.5B$1.9B$11M$8M$10M$2.6B$2.7B$2.7B
Total Debt (Short + Long-Term)$375M$392M$429M$419M$417M$449M$733M$0M$0M$4M$5M$5M$5M
Total Shareholders' Equity$2.8B$2.7B$2.6B$2.3B$2.1B$1.6B$1.4B$1.0B$42M$29M$11M$1.7B$1.5B$1.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DRS viewer.

DRS Metric Deep Dives

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