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Other financials

Income statement

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Revenue$846.0M+5.9%
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

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

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, except per share amounts)Three Months Ended March 31, 20262025
Revenues$846$799
Cost of revenues(634)(618)
Gross profit212181
General and administrative expenses(130)(117)
Amortization of acquired intangible assets(5)(5)
Operating earnings7759
Interest expense, net(1)
Earnings before taxes7758

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Leonardo DRS, Inc.'s gross profit?
Leonardo DRS, Inc. (DRS) reported gross profit of $212M in Q1 2026.
How has Leonardo DRS, Inc.'s gross profit changed year-over-year?
Leonardo DRS, Inc.'s gross profit increased by 17.1% year-over-year, from $181M to $212M.
What is the long-term trend for Leonardo DRS, Inc.'s gross profit?
Over 4 years (2021 to 2025), Leonardo DRS, Inc.'s gross profit has grown at a 12.3% compound annual growth rate (CAGR), from $547M to $869M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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