DRS Stock - Leonardo DRS, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.23B | $2.83B | $2.69B | $2.88B | $2.78B |
| Gross Profit | $736.00M | $648.00M | $575.00M | $547.00M | $494.00M |
| Gross Margin | 22.8% | 22.9% | 21.4% | 19.0% | 17.8% |
| Operating Income | $293.00M | $231.00M | $561.00M | $236.00M | $181.00M |
| Net Income | $213.00M | $168.00M | $405.00M | $154.00M | $85.00M |
| Net Margin | 6.6% | 5.9% | 15.0% | 5.3% | 3.1% |
| EPS | $0.81 | $0.64 | $1.88 | $1.06 | $0.57 |
Leonardo DRS, Inc., together with its subsidiaries, provides defense products and technologies in the land, air, sea, space, cyber and security, and commercial domains for military applications. It operates in two segments, Advanced Sensing and Computing, and Integrated Mission Systems. The company offers advanced sensor technologies, including infrared systems and sensors for threat detection and situational awareness; uncooled infrared systems and brownout solutions; airborne, ground vehicle mounted, and dismounted soldier electronic warfare (EW) systems; and EW software and training systems, and intelligence solutions. It also provides computing systems for ground vehicles, ships, and submarines; network and data distribution applications; sensor systems; and networked computing infrastructure on military platform. In addition, the company offers force protection systems, such as solutions for counter-unmanned aerial systems, short-range air defense systems, and active protection systems; and power control, distribution, conversion, and propulsion systems, as well as hybrid electric drive propulsion systems, energy storage, gas turbine packages, nuclear instrumentation and controls, and thermal management and refrigeration equipment. It serves the U.S. military, aerospace and defense prime contractors, government intelligence agencies, and international military customers. The company was founded in 1969 and is based in Arlington, Virginia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 12th 2025 | Canaccord Genuity | Resumed | Buy | $50 |
| August 11th 2025 | Canaccord Genuity | Initiation | Buy | $50 |
| June 30th 2025 | Goldman | Initiation | Buy | $49 |
| March 7th 2025 | BofA Securities | Upgrade | Buy | $40 |
| September 24th 2024 | BofA Securities | Downgrade | Neutral | $30← $26 |
| June 26th 2024 | BTIG Research | Initiation | Buy | $30 |
| May 24th 2024 | Morgan Stanley | Initiation | Equal Weight | $26 |
| February 26th 2024 | JP Morgan | Initiation | Neutral | $23 |
| September 27th 2023 | BofA Securities | Initiation | Buy | $20 |
| June 9th 2023 | Truist | Initiation | Buy | $19 |
| April 4th 2023 | CJS Securities | Initiation | Market Outperform | $17 |
| February 10th 2023 | Canaccord Genuity | Initiation | Buy | $17 |
| December 15th 2022 | Robert W. Baird | Initiation | Outperform | $19 |
| November 30th 2022 | Vertical Research | Initiation | Buy | $14 |
Earnings History & Surprises
DRSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $0.37 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.28 | $0.29 | +3.6% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $0.22 | $0.23 | +4.5% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.17 | $0.20 | +21.1% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $0.36 | $0.38 | +5.6% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.20 | $0.24 | +20.0% | ✓ BEAT |
Q3 2024 | Jul 30, 2024 | $0.14 | $0.18 | +28.6% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.11 | $0.14 | +27.3% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $0.30 | $0.31 | +3.3% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.16 | $0.20 | +25.0% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.11 | $0.15 | +36.4% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $0.05 | $0.07 | +40.0% | ✓ BEAT |
Q1 2023 | Mar 28, 2023 | $0.28 | $0.35 | +25.0% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $0.09 | $0.17 | +88.9% | ✓ BEAT |
Q3 2022 | Aug 17, 2022 | $0.06 | $-0.09 | -250.0% | ✗ MISS |
Q2 2022 | May 10, 2022 | $0.12 | $-0.01 | -108.3% | ✗ MISS |
Q1 2022 | Feb 9, 2022 | $0.12 | $0.10 | -16.7% | ✗ MISS |
Q4 2021 | Nov 3, 2021 | $0.11 | $0.12 | +9.1% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $0.09 | $0.20 | +122.2% | ✓ BEAT |
Latest News
Leonardo DRS Announces First On-Orbit Test Of Its Revolutionary Multi-Channel Software-defined Radio
📈 PositiveLeonardo DRS Signs MOI With Saudi Arabia's Defense Ministry To Explore Combat Vehicle And C6ISR Partnerships Under Vision 2030
📈 PositiveLeonardo DRS Awarded Contract From Chaiseri Defense System To Offer Battle Management System, Integration Support Services To Upgrade Royal Thailand Army's Stryker Situational Awareness Capabilities
📈 PositiveLeonardo DRS And Hofmann Engineering To Form A Strategic Partnership To Examine Opportunities For The Joint Pursuit Of Advanced Allied Navy Propulsion Needs
📈 PositiveTruist Securities Maintains Buy on Leonardo DRS, Lowers Price Target to $47
📈 PositiveDRS stock has given up its prior gain. Leonardo DRS shares were trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 guidance.
📈 PositiveLeonardo DRS shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 guidance.
📈 PositiveLeonardo DRS Chairman, CEO William J. Lynn To Retire, Effective Jan. 1, 2026; John Baylouny Named President, CEO; Frances Fragos Elected Board Chair
➖ NeutralLeonardo DRS Raises FY2025 Adj EPS Guidance from $1.06-$1.11 to $1.07-$1.12 vs $1.10 Est; Raises FY2025 Sales Guidance from $3.525B-$3.600B to $3.550B-$3.600B vs $3.582B Est
📈 PositiveLeonardo DRS Q3 Adj. EPS $0.29 Beats $0.28 Estimate, Sales $960.000M Beat $924.797M Estimate
📈 PositiveLeonardo DRS Awarded U.S. Army Contract To Develop Prototype Vehicle Integrated Power Kits; Terms Not Disclosed
📈 PositiveLeonardo DRS, KNDS Sign Agreement To Provide Howitzer System To U.S. Defense Sector
📈 PositiveReported Sunday, Leonardo DRS Launches SAGEcore Ruggedized AI Software Platform For Real-Time Threat Detection And Decision Support At The Tactical Edge
📈 PositiveLeonardo DRS Wins DoD Counter-Drone Competition With Advanced RF-Based Electronic Warfare System
📈 PositiveLeonardo DRS And New Partner Korea Robot Manufacturing Leads $20M Series B Investment In Hoverfly Technologies
📈 PositiveLeonardo DRS Launches AI-Enabled Ground Vehicle Architecture Smart Display Systems
📈 PositiveFrequently Asked Questions about DRS
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