Leonardo DRS, Inc. (DRS)
Established in Arlington, Virginia, in 1969, Leonardo DRS, Inc. is a leading supplier of advanced defense products and technologies. The company's diverse portfolio addresses military requirements across various environments, including land, air, sea, space, and cybersecurity, with additional applications in the commercial sector. Its operations are organized into two primary divisions: Advanced Sensing and Computing, and Integrated Mission Systems. DRS provides sophisticated sensing solutions, such as infrared systems for threat identification and improving situational awareness, alongside uncooled infrared technologies and systems designed to mitigate brownout conditions. Their electronic warfare (EW) capabilities encompass airborne, vehicle-mounted, and soldier-borne systems, supported by specialized EW software, training tools, and intelligence services. Furthermore, Leonardo DRS develops essential computing systems for military platforms like ground vehicles, ships, and submarines. These offerings include robust network and data distribution applications, integrated sensor systems, and resilient networked computing infrastructure. The company also specializes in force protection, delivering solutions for counter-unmanned aerial systems (C-UAS), short-range air defense, and active protection systems. Additionally, DRS is a key provider of power management and propulsion technologies, offering systems for power control, distribution, conversion, and propulsion—including hybrid electric drive systems, energy storage solutions, gas turbine packages, nuclear instrumentation and controls, and thermal management and refrigeration equipment. Leonardo DRS serves a broad client base, which includes the U.S. military, major aerospace and defense contractors, government intelligence agencies, and international armed forces.
Sector: Search, Detection, Navigation, Guidance, Aeronautical Sys
Industry: Aerospace & Defense
Leonardo DRS, Inc.
No splits on record
Nothing in DRS's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 |
| Revenue | $3.65B | $3.23B | $2.83B | $2.69B | $2.88B | $2.78B | $2.71B | $2.33B | $3.3B | $2.82B | $1.74B |
| YoY Growth | 12.8% | 14.4% | 4.9% | -6.5% | 3.6% | 2.4% | 16.3% | -29.2% | 16.8% | 62.6% | - |
| Cost of Revenue | $2.78B | $2.5B | $2.18B | $2.12B | $2.33B | $2.28B | $2.25B | $1.92B | $2.87B | $2.46B | $1.5B |
| Gross Profit | $869M | $736M | $648M | $575M | $547M | $494M | $459M | $414M | $426.48M | $362.48M | $240.31M |
| Gross Margin | 23.8% | 22.8% | 22.9% | 21.4% | 19.0% | 17.8% | 16.9% | 17.7% | 12.9% | 12.8% | 13.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $66.1M | $50.9M | $47.6M |
| Selling, General, and Administrative | $497M | $414M | $384M | $357M | $293M | $283M | $277M | $268M | $0 | $0 | $0 |
| Other | $24M | $29M | $33M | -$343M | $18M | $30M | $19M | $101M | $0 | $0 | $0 |
| Total Operating Expenses | $521M | $443M | $417M | $14M | $311M | $313M | $296M | $369M | $66.1M | $50.9M | $47.6M |
| Operating Income (EBIT) | $348M | $293M | $231M | $561M | $236M | $181M | $163M | $45M | $360.38M | $311.58M | $192.71M |
| Operating Margin | 9.5% | 9.1% | 8.2% | 20.8% | 8.2% | 6.5% | 6.0% | 1.9% | 10.9% | 11.0% | 11.1% |
| Interest Expense | $8M | $21M | $36M | $34M | $35M | $64M | $65M | $58M | $110.42M | $119.91M | $63.09M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.06M | $1.27M | $7.25M |
| Other Income (Expense) | -$12M | -$29M | -$39M | -$36M | -$36M | -$69M | -$68M | -$62M | -$109.09M | -$122.99M | -$57.66M |
| Income Before Tax (EBT) | $336M | $264M | $192M | $525M | $200M | $112M | $95M | -$17M | $251.29M | $188.59M | $135.05M |
| Income Tax Expense | $58M | $51M | $24M | $120M | $46M | $27M | $20M | -$7M | $83.75M | $60.1M | $51.99M |
| Net Income | $278M | $213M | $168M | $405M | $154M | $85M | $75M | -$10M | $165.77M | $127.06M | $81.49M |
| Net Income Margin | 7.6% | 6.6% | 5.9% | 15.0% | 5.3% | 3.1% | 2.8% | -0.4% | 5.0% | 4.5% | 4.7% |
| Supplementary Data | |||||||||||
| EPS | 1.05 | 0.81 | 0.64 | 1.88 | 1.06 | 0.57 | 0.52 | -0.07 | 2.01 | 6.38 | 16.51 |
| Diluted EPS | 1.03 | 0.80 | 0.64 | 1.88 | 1.06 | 0.57 | 0.52 | -0.07 | 2.00 | 6.23 | 15.99 |
| Weighted Average OS | 265.30M | 264.00M | 262.50M | 215.00M | 145.00M | 149.78M | 145.00M | 145.00M | 82.46M | 19.93M | 4.94M |
| EBITDA | $437M | $376M | $313M | $624M | $293M | $229M | $211M | $169M | $438.57M | $385.17M | $241.69M |
| EBITDA Margin | 12.0% | 11.6% | 11.1% | 23.2% | 10.2% | 8.2% | 7.8% | 7.2% | 13.3% | 13.7% | 13.9% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $647M | $598M | $467M | $306M | $240M | $61M | $85M | $86.25M | $95.83M | $1.29M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $647M | $598M | $467M | $306M | $240M | $61M | $85M | $86.25M | $95.83M | $1.29M |
| Accounts Receivable | $1.26B | $1.13B | $1.06B | $1.04B | $899M | $889M | $902M | $574.13M | $535.24M | $435.04M |
| Inventory | $352M | $358M | $329M | $319M | $205M | $247M | $209M | $437.71M | $367.61M | $331.62M |
| Other Current Assets | $36M | $55M | $42M | $24M | $22M | $33M | $36M | $58.1M | $71.5M | $59.6M |
| Total Current Assets | $2.33B | $2.16B | $1.92B | $1.71B | $1.39B | $1.26B | $1.25B | $1.23B | $1.13B | $903.57M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $619M | $440M | $402M | $404M | $364M | $355M | $253M | $255.68M | $231.21M | $220.51M |
| Goodwill | $1.24B | $1.24B | $1.24B | $1.24B | $1.07B | $1.06B | $1.06B | $2.62B | $2.62B | $2.61B |
| Intangible Assets | $112M | $132M | $151M | $172M | $52M | $60M | $69M | $0 | $0 | $0 |
| Long-Term Investments | $21M | $0 | $0 | $0 | $27M | $25M | $0 | $167.77M | $196.98M | $231.14M |
| Deferred Tax Assets | $216M | $120M | $123M | $66M | $56M | $87M | $117M | $4.2M | $1.6M | $2.4M |
| Other Long-Term Assets | $85M | $91M | $89M | $92M | $110M | $109M | $141M | $38.24M | $42.62M | $56.22M |
| Total Long-Term Assets | $2.29B | $2.02B | $2B | $1.97B | $1.68B | $1.69B | $1.64B | $3.09B | $3.09B | $3.12B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.62B | $4.18B | $3.92B | $3.68B | $3.07B | $2.96B | $2.89B | $4.32B | $4.21B | $4.02B |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $351M | $426M | $398M | $457M | $479M | $478M | $536M | $357.86M | $297.43M | $224.67M |
| Short-Term Debt | $26M | $25M | $57M | $29M | $41M | $53M | $56M | $5.38M | $5.16M | $4.62M |
| Current Income Tax Payable | $0 | $24M | $46M | $31M | $0 | $0 | $0 | $36.95M | $51.47M | $34.56M |
| Current Unearned Revenue | $585M | $399M | $335M | $233M | $174M | $177M | $175M | $36.95M | $51.47M | $34.56M |
| Other Current Liabilities | $146M | $140M | $146M | $204M | $201M | $184M | $136M | $370.63M | $331.97M | $346.41M |
| Total Current Liabilities | $1.23B | $1.12B | $1.08B | $1.04B | $989M | $975M | $1B | $870.79M | $770.53M | $703.14M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $226M | $340M | $349M | $365M | $352M | $374M | $656M | $1.63B | $1.78B | $1.83B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $134M | $7M | $4M | $0 | $0 | $0 | $0 | $42.1M | $46.5M | $35.6M |
| Other Long-Term Liabilities | $106M | $98M | $97M | $75M | $62M | $99M | $124M | $92.07M | $112.18M | $102.81M |
| Total Long-Term Liabilities | $656M | $511M | $518M | $508M | $487M | $554M | $868M | $1.76B | $1.94B | $1.97B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.89B | $1.63B | $1.6B | $1.55B | $1.48B | $1.53B | $1.87B | $2.63B | $2.71B | $2.67B |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3M | $3M | $3M | $3M | $2M | $1M | $1M | $414K | $407K | $399K |
| Retained Earnings | -$2.31B | -$2.59B | -$2.81B | -$2.97B | -$2.98B | -$3.14B | -$3.22B | $537.13M | $399.79M | $277.71M |
| Comprehensive Income & Other | -$41M | -$47M | -$47M | -$49M | -$58M | -$70M | -$93M | $16.14M | $2.26M | -$3.31M |
| Other Stockholders' Equity | $5.04B | $5.15B | $5.13B | $5.1B | $4.57B | $4.56B | $4.24B | $1.15B | $1.1B | $1.07B |
| Total Equity | $2.73B | $2.56B | $2.33B | $2.13B | $1.59B | $1.43B | $1.02B | $1.68B | $1.5B | $1.35B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.62B | $4.18B | $3.92B | $3.68B | $3.07B | $2.96B | $2.89B | $4.32B | $4.21B | $4.02B |
| Supplementary Data | ||||||||||
| Total Debt | $470M | $458M | $497M | $487M | $490M | $530M | $821M | $1.63B | $1.79B | $1.83B |
| Net Debt | -$177M | -$140M | $30M | $181M | $250M | $469M | $736M | $1.55B | $1.69B | $1.83B |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 |
| Operating Activities | |||||||||||
| Net Income | $278M | $213M | $168M | $405M | $154M | $85M | $75M | -$10M | $165.77M | $127.06M | $81.49M |
| Depreciation & Amortization | $93M | $91M | $85M | $65M | $58M | $53M | $51M | $128M | $78.19M | $76.66M | $48.98M |
| Deferred Income Tax | $28M | $23M | -$52M | -$6M | $31M | $30M | $12M | -$3M | $17.2M | $10.62M | $15.45M |
| Stock-Based Compensation | $32M | $22M | $17M | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$140M | -$102M | $15M | -$1M | -$54M | -$35M | $9M | $44M | -$38.64M | -$100.8M | -$28.55M |
| Inventory | $6M | -$29M | -$10M | -$33M | $42M | -$38M | -$36M | $42M | -$104.6M | -$51.28M | -$36.66M |
| Accounts Payable | -$79M | $15M | -$59M | -$14M | $1M | -$58M | $156M | $83M | $55.44M | $68.11M | $51.01M |
| Other Working Capital | $148M | $37M | $40M | -$34M | -$54M | $85M | -$113M | -$187M | $27.28M | $46.29M | $15.42M |
| Total Working Capital Change | -$65M | -$79M | -$14M | -$82M | -$65M | -$46M | $16M | -$18M | -$60.51M | -$37.67M | $1.22M |
| Other Non-Cash Items | $0 | $1M | $1M | -$354M | $0 | $3M | $3M | $8M | $254.98M | $255.86M | $122.08M |
| Net Cash from Operating | $366M | $271M | $205M | $33M | $178M | $125M | $157M | $105M | $211.46M | $195.24M | $157.06M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$139M | -$85M | -$60M | -$65M | -$60M | -$56M | -$55M | -$40M | -$71.31M | -$55.91M | -$43.19M |
| Acquisitions | $0 | $0 | $0 | $501M | -$14M | $5M | -$4M | -$6M | -$5.97M | -$16.74M | -$1.42B |
| Purchases of Investments | -$15M | $0 | $0 | $0 | -$2M | -$4M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $60M | -$5M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $1M | $1M | $0 | $55M | -$10M | -$92M | $0 | $441K | $2.73M | $62K |
| Net Cash from Investing | -$154M | -$84M | -$59M | $436M | $39M | -$70M | -$151M | -$46M | -$76.84M | -$69.92M | -$1.47B |
| Financing Activities | |||||||||||
| Debt Repaid | $11M | $11M | $12M | -$6M | $20M | $65M | $15M | $28M | $155.46M | $4.27M | -$1.06B |
| Common Stock Issuance | $9M | $16M | $12M | $0 | $0 | $0 | $0 | $0 | $10.56M | $12.87M | -$15.83M |
| Common Stock Repurchases | -$35M | -$19M | -$1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$96M | $0 | $0 | -$396M | $0 | $0 | $0 | $0 | -$4.93M | -$4.96M | -$3.71M |
| Other Financing Activities | -$31M | -$10M | -$4M | -$5M | $0 | -$4M | -$2M | -$13M | $5.48M | $5.36M | $0 |
| Net Cash from Financing | -$163M | -$56M | $15M | -$403M | -$38M | -$80M | -$1M | -$30M | -$144.35M | -$31M | $1B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $1M | $1M | -$2M | $0 | $0 | $0 |
| Net Change in Cash | $49M | $131M | $161M | $66M | $179M | -$24M | $6M | $27M | -$9.58M | $94.32M | -$306.11M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $366M | $271M | $205M | $33M | $178M | $125M | $157M | $105M | $211.46M | $195.24M | $157.06M |
| Capital Expenditure | -$139M | -$85M | -$60M | -$65M | -$60M | -$56M | -$55M | -$40M | -$71.31M | -$55.91M | -$43.19M |
| Free Cash Flow | $227M | $186M | $145M | -$32M | $118M | $69M | $102M | $65M | $140.15M | $139.33M | $113.87M |
| Cash at Beginning | $598M | $467M | $306M | $240M | $61M | $85M | $79M | $52M | $95.83M | $1.52M | $307.4M |
| Cash at End | $647M | $598M | $467M | $306M | $240M | $61M | $85M | $79M | $86.25M | $95.83M | $1.29M |