Skip to content
Leonardo DRS, Inc. logo

Leonardo DRS, Inc.

DRS

Leonardo DRS is a mid-sized defense technology provider specializing in advanced sensing, network computing, and electric power and propulsion systems for national security applications.

Market cap
$12.92B+12.3%
Revenue$3.7B+10.5%
Net income$290.0M+23.9%
Free cash flow$301.0M-35.4%
EPS (diluted)$1.07+21.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q1 2026

Income statement

See full
Revenue$846.0M+5.9%
Gross profit$212.0M+17.1%
Operating income$77.0M+30.5%
Net income$62.0M+24.0%
EPS (diluted)$0.23+21.1%

Balance sheet

See full
Cash & equivalents$328.0M-13.7%
Total debt$170.0M-53.7%
Total equity$2.8B+7.7%
Total assets$4.2B+2.8%

Cash flow

See full
Operating cash flow-$66.0M+52.2%
CapEx$30.0M-6.3%
Free cash flow-$96.0M+43.5%

Valuation & ratios

Valuation

See full
Market cap$12.92B+12.3%
Enterprise value$12.77B-0.8%
P/E44.6×-6.6×
P/S3.5×-0.2×

Profitability

See full
Gross margin24.4%+1.5pp
Operating margin9.9%+0.7pp
Net margin7.8%+0.9pp
FCF margin8.1%

Returns & leverage

See full
Return on equity10.9%+1.4pp
Debt / equity0.1×-0.1×
Current ratio1.9×-0.2×

Segments

By segment

See full
ASC$559.0M+9.4%
IMS$295.0M+1.4%

By geography

See full
International$98.0M+66.1%

Competitors

Profile

Leonardo DRS is a mid-sized defense technology provider specializing in advanced sensing, network computing, and electric power and propulsion systems for national security applications. The company serves as a critical partner to the U.S. Department of Defense and international allies, focusing on high-growth areas such as counter-unmanned aircraft systems, electronic warfare, and naval shipbuilding. Its value proposition centers on combining the agility of a mid-tier firm with deep domain expertise to deliver integrated, software-enabled capabilities across land, air, sea, space, and cyber domains.

Competitive position

A leading mid-tier defense technology provider with established positions on priority platforms like the Columbia Class submarine and a significant incumbent presence in U.S. Navy and Army programs.

GeographiesUnited States, United Kingdom, Germany, Poland, Switzerland
Customer segmentsGovernment agencies, Military branches, Defense prime contractors
Business modelFixed-price manufacturing, Cost-plus development, Time-and-materials services
SuppliersGermanium suppliers, Semiconductor manufacturers, Raw material providers, Specialty metal suppliers
CustomersU.S. Department of Defense, U.S. Navy, U.S. Army, U.S. Air Force, Foreign governments, Commercial aerospace companies
Listed2021
Employees6.6K
CEOJohn A. Baylouny
FilingsSEC EDGAR

Questions, answered.

What is Leonardo DRS, Inc.'s market cap?
Leonardo DRS, Inc. (DRS) has a market capitalization of $12.9B and trades on NASDAQ.
What is Leonardo DRS, Inc.'s revenue and profitability?
Leonardo DRS, Inc. generated $3.7B in trailing twelve-month revenue with net income of $290.0M, representing a net margin of 7.8%. Gross margin stands at 24.4%, with free cash flow of $301.0M. These figures are based on the Q1 2026 filing.
Who are Leonardo DRS, Inc.'s competitors?
Leonardo DRS, Inc.'s key competitors include L3Harris Technologies, Inc., Northrop Grumman Corporation, General Dynamics Corporation, and others. These companies compete in similar markets and product categories.
Who does Leonardo DRS, Inc. partner with?
Leonardo DRS, Inc.'s notable partners include Hoverfly Technologies, Inc..
What subsidiaries does Leonardo DRS, Inc. have?
Leonardo DRS, Inc.'s subsidiaries include Leonardo S.p.A..
Where is Leonardo DRS, Inc. headquartered?
Leonardo DRS, Inc. is headquartered in United States of America and employs approximately 6,600 people. It has been publicly traded since 2021.