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Leonardo DRS, Inc. DRS IMS — Operating Income (Loss)

Other segment segments

ASC
$40M+60.0%

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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$11.91B+8.3%
Enterprise value$11.75B+6.1%
P/E41.1×-2.9×
P/S3.2×0.0×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Leonardo DRS, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:36 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001833756-26-000025
(Dollars in millions)Three Months Ended March 31, 20262025
Total amortization of acquired intangible assets$5$5
Operating earnings
ASC$40$25
IMS3734
Corporate & Eliminations
Total operating earnings$77$59
Interest expense, net(1)
Earnings before taxes$77$58

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Leonardo DRS, Inc.'s IMS — operating income (loss)?
Leonardo DRS, Inc. (DRS) reported IMS — operating income (loss) of $37M in Q1 2026.
How has Leonardo DRS, Inc.'s IMS — operating income (loss) changed year-over-year?
Leonardo DRS, Inc.'s IMS — operating income (loss) increased by 8.8% year-over-year, from $34M to $37M.
What is the long-term trend for Leonardo DRS, Inc.'s IMS — operating income (loss)?
Over 3 years (2022 to 2025), Leonardo DRS, Inc.'s IMS — operating income (loss) has grown at a 4.4% compound annual growth rate (CAGR), from $101M to $115M.
What does IMS — operating income (loss) mean?
Measures the profitability of the Integrated Mission Systems segment after accounting for all operating expenses, including production costs and overhead. It serves as the primary gauge of the segment's operational performance and efficiency.

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