Leonardo DRS, Inc. logo

Leonardo DRS, Inc.

DRS

NASDAQIndustrialsAerospace & Defense

Previous close

$40.70

−$0.30 · -0.73%

Aug 21, 4:00 PM ET

DRS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

52

Neutral

Sentiment

69

Bullish

Risk resilience

64

Moderate Risk

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Company profile

Company website

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.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
John A. Baylouny
Listed since
Jun 24, 1985
Employees
7,300

Market position

Day range

Current $40.70

52-week range

Current $40.70

Open
$41.25
Previous close
$41.00
Volume
616.29K
0.63× average
Average volume
976.97K
Average daily volume
Market cap
10.86B USD
Beta
0.18
Market reference 1
50-day average
$45.0254
-9.61% below average
200-day average
$41.7841
-2.59% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.87B USD
P/E (TTM)
33.92×
P/B (TTM)
3.9×
P/S (TTM)
2.87×
EV / EBITDA
20.29×
Earnings yield
3.07%
Free cash flow yield
2.51%
Dividend yield
0.88%

Profitability & efficiency

Gross margin
24.87%
Operating margin
10.53%
Net margin
8.52%
Return on equity
10.18%
Return on assets
6.02%
Return on invested capital
8.37%

Financial health

Debt / equity
0.1×
Current ratio
1.89×
Altman Z-score
5.45
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%18%11%4%Gross margin, FY2021: 19.00%Gross margin, FY2022: 21.35%Gross margin, FY2023: 22.93%Gross margin, FY2024: 22.76%Gross margin, FY2025: 23.82%Operating margin, FY2021: 8.20%Operating margin, FY2022: 20.83%Operating margin, FY2023: 8.17%Operating margin, FY2024: 9.06%Operating margin, FY2025: 9.54%Net margin, FY2021: 5.35%Net margin, FY2022: 15.04%Net margin, FY2023: 5.94%Net margin, FY2024: 6.59%Net margin, FY2025: 7.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.00%. Gross margin FY2022 21.35%. Gross margin FY2023 22.93%. Gross margin FY2024 22.76%. Gross margin FY2025 23.82%. Operating margin FY2021 8.20%. Operating margin FY2022 20.83%. Operating margin FY2023 8.17%. Operating margin FY2024 9.06%. Operating margin FY2025 9.54%. Net margin FY2021 5.35%. Net margin FY2022 15.04%. Net margin FY2023 5.94%. Net margin FY2024 6.59%. Net margin FY2025 7.62%.

Income trends

Revenue

3.65B USD+12.80%

Operating income

348M USD+18.77%

Net income

278M USD+30.52%
Income trends across reported periods4B USD2.6B USD1.2B USD−195.4M USDRevenue, FY2021: 2.88B USDRevenue, FY2022: 2.69B USDRevenue, FY2023: 2.83B USDRevenue, FY2024: 3.23B USDRevenue, FY2025: 3.65B USDOperating income, FY2021: 236M USDOperating income, FY2022: 561M USDOperating income, FY2023: 231M USDOperating income, FY2024: 293M USDOperating income, FY2025: 348M USDNet income, FY2021: 154M USDNet income, FY2022: 405M USDNet income, FY2023: 168M USDNet income, FY2024: 213M USDNet income, FY2025: 278M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.88B USD. Revenue FY2022 2.69B USD. Revenue FY2023 2.83B USD. Revenue FY2024 3.23B USD. Revenue FY2025 3.65B USD. Operating income FY2021 236M USD. Operating income FY2022 561M USD. Operating income FY2023 231M USD. Operating income FY2024 293M USD. Operating income FY2025 348M USD. Net income FY2021 154M USD. Net income FY2022 405M USD. Net income FY2023 168M USD. Net income FY2024 213M USD. Net income FY2025 278M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.65B USD3.23B USD2.83B USD2.69B USD2.88B USD
Cost of goods sold2.78B USD2.5B USD2.18B USD2.12B USD2.33B USD
Gross profit869M USD736M USD648M USD575M USD547M USD
Selling, general, and administrative497M USD414M USD384M USD357M USD293M USD
Operating expenses521M USD443M USD417M USD14M USD311M USD
Interest expense8M USD21M USD36M USD34M USD35M USD
Depreciation and amortization93M USD91M USD85M USD65M USD58M USD
Operating income348M USD293M USD231M USD561M USD236M USD
Net income278M USD213M USD168M USD405M USD154M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+16.33%
11 comparable reports
Latest EPS result
0.35
Estimate 0.27 · Beat by 28.30%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.460.350.250.14Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.38, estimate 0.36, surprise +5.56%, Beat. Q2 2025, reported May 1, 2025: actual 0.2, estimate 0.165, surprise +21.14%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.23, estimate 0.22, surprise +4.55%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.29, estimate 0.28, surprise +3.57%, Beat. Q1 2026, reported Feb 24, 2026: actual 0.42, estimate 0.37, surprise +13.51%, Beat. Q2 2026, reported May 5, 2026: actual 0.26, estimate 0.21, surprise +23.81%, Beat. Q3 2026, reported Jul 30, 2026: actual 0.35, estimate 0.273, surprise +28.30%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.35, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.1B966.25M830.1M693.95MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 981M USD, estimate 736.35M USD, surprise +33.22%, Beat. Q2 2025, reported May 1, 2025: actual 799M USD, estimate 736.72M USD, surprise +8.45%, Beat. Q3 2025, reported Jul 30, 2025: actual 829M USD, estimate 906.41M USD, surprise -8.54%, Miss. Q4 2025, reported Oct 29, 2025: actual 960M USD, estimate 996.46M USD, surprise -3.66%, Miss. Q1 2026, reported Feb 24, 2026: actual 1.06B USD, estimate 994.85M USD, surprise +6.55%, Beat. Q2 2026, reported May 5, 2026: actual 846M USD, estimate 825.05M USD, surprise +2.54%, Beat. Q3 2026, reported Jul 30, 2026: actual 913M USD, estimate 903.27M USD, surprise +1.08%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.03B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$53.33

31.03% upside
Past 12 months12-month forecastHigh $59.00Average $53.33Low $47.00

Rating distribution

9 ratings
Strong buy00%
Buy778%
Hold222%
Sell00%
Strong sell00%

Corporate actions

Corporate action history

Dividend

Ex-dividend Aug 13, 2026

$0.09

Quarterly

Record Aug 13, 2026 · Payment Aug 27, 2026

Dividend

Ex-dividend May 19, 2026

$0.09

Quarterly

Record May 19, 2026 · Payment Jun 2, 2026

Dividend

Ex-dividend Mar 10, 2026

$0.09

Quarterly

Record Mar 10, 2026 · Payment Mar 24, 2026

Dividend

Ex-dividend Nov 18, 2025

$0.09

Quarterly

Record Nov 18, 2025 · Payment Dec 2, 2025

Dividend

Ex-dividend Aug 20, 2025

$0.09

Quarterly

Record Aug 20, 2025 · Payment Sep 3, 2025

Dividend

Ex-dividend May 22, 2025

$0.09

Quarterly

Record May 22, 2025 · Payment Jun 5, 2025

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