What is Leonardo DRS, Inc.'s free cash flow margin?

Leonardo DRS, Inc. (DRS) reported free cash flow margin of 8.1% in Q1 2026.

What does free cash flow margin mean?

How much real, spendable cash each sales dollar generates after reinvestment.

How do you interpret free cash flow margin?

A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.

How does free cash flow margin compare across companies?

Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.

Leonardo DRS, Inc. DRS Free cash flow margin

Free cash flow margin at other companies

General DynamicsGD

11.5%+4.7pp

Raytheon TechnologiesRTX

9.4%+2.8pp

L3Harris TechnologiesLHX

6.7%+0.6pp

Lockheed MartinLMT

7.7%+0.8pp

Northrop GrummanNOC

7.8%+3.4pp

HEICOHEI

18.9%+0.4pp

Other financials

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

See full

Market cap$12.29B+35.8%

Enterprise value$12.13B+34.1%

P/E42.4×+3.7×

P/S3.3×+0.6×

Profitability

See full

Gross margin24.4%+1.5pp

Operating margin9.9%+0.7pp

Net margin7.8%+0.9pp

Returns & leverage

See full

Return on equity10.9%+1.4pp

Debt / equity0.1×-0.1×

Current ratio1.9×-0.2×

Where this comes from

Calculated from Leonardo DRS, Inc.’s reported figures.

free cash flow/total revenue=8.1%

Based on trailing twelve months.

The official record: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Leonardo DRS, Inc.'s free cash flow margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Leonardo DRS, Inc.'s free cash flow margin?: Leonardo DRS, Inc. (DRS) reported free cash flow margin of 8.1% in Q1 2026.
What does free cash flow margin mean?: How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?: A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?: Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.