Leonardo DRS, Inc. (DRS) Financial Statements
Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
In fiscal 2025, Leonardo DRS reported revenue of $3.65B, up 12.8% from $3.23B the year before. Net income was $278.0M (a 7.6% net margin), or $1.03 per diluted share. Gross margin was 23.8% and operating margin was 9.5%. Operating activities generated $366.0M of cash, leaving $227.0M of free cash flow. At fiscal year end, Leonardo DRS held $4.49B in total assets against $1.76B in total liabilities, including $647.0M of cash and equivalents.
Open the full interactive Leonardo DRS financials → Quarterly statements, key ratios, valuation history and price charts.
Leonardo DRS Key Stats
| Share Price | $35.16 |
|---|---|
| Market Cap | $9.45B |
| P/E Ratio | 34.1 |
| Revenue YoY Growth | +12.8% |
| 52-Week Range | $32.36 – $49.59 |
| Shares Outstanding | 266.8 million (basic, 2026 Q2) |
Leonardo DRS Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.88B | $2.69B | $2.83B | $3.23B | $3.65B |
| Gross Profit | $547.0M | $575.0M | $648.0M | $736.0M | $869.0M |
| Operating Income | $236.0M | $561.0M | $231.0M | $293.0M | $348.0M |
| Pre-Tax Income | $200.0M | $525.0M | $192.0M | $264.0M | $336.0M |
| Income Tax | $46.0M | $120.0M | $24.0M | $51.0M | $58.0M |
| Net Income | $154.0M | $405.0M | $168.0M | $213.0M | $278.0M |
| Diluted EPS | $1.06 | $1.88 | $0.64 | $0.80 | $1.03 |
Leonardo DRS Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $960.0M | $1.06B | $846.0M | $913.0M |
| Net Income | $72.0M | $102.0M | $62.0M | $86.0M |
| Diluted EPS | $0.26 | $0.38 | $0.23 | $0.32 |
Leonardo DRS Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $240.0M | $306.0M | $467.0M | $598.0M | $647.0M |
| Current Assets | $1.39B | $1.71B | $1.92B | $2.16B | $2.33B |
| Total Assets | $3.07B | $3.68B | $3.92B | $4.18B | $4.49B |
| Current Liabilities | $989.0M | $1.04B | $1.08B | $1.12B | $1.23B |
| Total Long-Term Debt | $352.0M | $365.0M | $349.0M | $340.0M | $321.0M |
| Total Liabilities | $1.48B | $1.55B | $1.60B | $1.63B | $1.76B |
| Shareholders' Equity | $1.59B | $2.13B | $2.33B | $2.56B | $2.73B |
Leonardo DRS Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $178.0M | $33.0M | $205.0M | $271.0M | $366.0M |
| Cash From Investing | $39.0M | $436.0M | -$59.0M | -$84.0M | -$154.0M |
| Cash From Financing | -$38.0M | -$403.0M | $15.0M | -$56.0M | -$163.0M |
| Free Cash Flow | $118.0M | -$32.0M | $145.0M | $186.0M | $227.0M |
| Dividends Paid | — | $396.0M | $0 | $0 | — |
Figures from Leonardo DRS's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Leonardo DRS financials page for every line item.
Leonardo DRS Company Profile
| Ticker | DRS |
|---|---|
| Exchange | Nasdaq |
| Industry | Search, Detection, Navigation, Guidance, Aeronautical Sys |
| Headquarters | Arlington, Virginia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001833756 |
Frequently Asked Questions
What was Leonardo DRS's revenue in fiscal 2025?
Leonardo DRS (DRS) reported revenue of $3.65B for fiscal 2025.
What is Leonardo DRS's annual revenue history?
Leonardo DRS's annual revenue by fiscal year: 2021: $2.88B; 2022: $2.69B; 2023: $2.83B; 2024: $3.23B; 2025: $3.65B.
What was Leonardo DRS's net income in fiscal 2025?
Leonardo DRS reported net income of $278.0M for fiscal 2025.
What was Leonardo DRS's earnings per share (EPS) in fiscal 2025?
Leonardo DRS's diluted EPS was $1.03 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Leonardo DRS generate in fiscal 2025?
Leonardo DRS generated $227.0M of free cash flow in fiscal 2025.
What was Leonardo DRS's revenue last quarter?
In its most recent reported quarter (2026 Q2), Leonardo DRS reported revenue of $913.0M.
How much debt does Leonardo DRS have?
Leonardo DRS reported $321.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Leonardo DRS are outstanding?
Leonardo DRS reported a weighted average of 266.8 million basic shares outstanding in 2026 Q2.
What is Leonardo DRS's market cap?
Based on its latest closing price, Leonardo DRS (DRS) has a market capitalization of about $9.45B.
When does Leonardo DRS's fiscal year end?
Leonardo DRS's fiscal year end, as registered with the SEC, is December 31.
Where is Leonardo DRS headquartered?
Leonardo DRS lists its business address in Arlington, Virginia in its SEC filings.
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