MARKETS / NASDAQ / DRS

NASDAQ · SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS · LARGE CAP

Leonardo Drs, Inc. DRS

7 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$3.6B

▲ 12.8% YoY

Net income

$278.0M

▲ 30.5% YoY

Free cash flow

$227.0M

▲ 22.0% YoY

In brief

What this company does

Leonardo DRS, Inc. provides advanced defense technology to U.S. national security customers and allied defense forces worldwide. It specializes in the design, development, manufacture, and integration of advanced sensing, network computing, force protection, and electric power and propulsion technologies and solutions. In 2025, it derived 80% of its sales from the U.S. government, its primary customer. As of December 31, 2025, its workforce included approximately 7,300 employees, of which approximately 500, or 7%, were represented by labor unions. Its operations and reporting are structured into two technology-driven segments based on the capabilities and solutions offered to its customers: Advanced Sensing and Computing and Integrated Mission Systems.

Written from the business description in Leonardo DRS, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.6B

Revenue, FY2025 · full 7-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.6 · Net income 0.3

Compound annual growth

Revenue

+10.6%

+5.6%

Net income

−11.8%

+26.7%

EPS, diluted

−18.2%

Returned to shareholders

−59.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.6% a year over five years — but profit grew faster: net income at +26.7%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 9.5% · Net 7.6%

ROE

FY2025 · ROE 10.5%

Gross margin23.8%

Operating margin9.5%

Net margin7.6%

Return on assets6.4%

EBITDAUSD 441.0M

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 26.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 227.0

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 26.0

Dividends paid—

Net buybacksUSD 26.0M

Share of profit9.4%

Consecutive raises—

USD 26.0M in buybacks — 9% of the year's profit went back to shareholders.

Total assetsUSD 4.5B

EquityUSD 2.7B

CashUSD 647.0M

Gross debtUSD 374.0M

Net debtUSD -273.0M

Current ratio1.89×

The company holds more cash than debt.

The 7-year record

7 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue $B	3.6	3.2	2.8	2.7	2.9	2.8	2.7
Operating income $B	0.3	0.3	0.2	0.6	0.2	0.2	0.2
EBITDA $B	0.4	0.4	0.3	0.6	0.3	0.2	0.2
Income tax $B	0.1	0.1	0.0	0.1	0.0	0.0	0.0
Net income $B	0.3	0.2	0.2	0.4	0.2	0.1	0.1
Free cash flow $B	0.2	0.2	0.1	−0.0	0.1	0.1	0.1
EPS, diluted $	1.03	0.80	0.64	1.88	0.73	0.40	0.52
Dividend / sh $	0.36	·	·	·	·	·	·
Payout %	·	0	0	98	0	0	·
ROE %	10.5	8.7	7.5	21.8	10.2	7.0	7.4
Shares out B	0.27	0.27	0.26	0.26	0.26	0.14	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 63 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySearch, Detection, Navigation, Guidance, Aeronautical Sys

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2019