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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$12.29B+35.8%
Enterprise value$12.13B+34.1%
P/E42.4×+3.7×
P/S3.3×+0.6×

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:IncomeTaxExpenseBenefit.

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

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Questions, answered.

What is Leonardo DRS, Inc.'s income tax?
Leonardo DRS, Inc. (DRS) reported income tax of $15M in Q1 2026.
How has Leonardo DRS, Inc.'s income tax changed year-over-year?
Leonardo DRS, Inc.'s income tax increased by 87.5% year-over-year, from $8M to $15M.
What is the long-term trend for Leonardo DRS, Inc.'s income tax?
Over 4 years (2021 to 2025), Leonardo DRS, Inc.'s income tax has grown at a 6.0% compound annual growth rate (CAGR), from $46M to $58M.
What does income tax mean?
The total amount of tax expense a company owes on its earnings for the period.
How do you interpret income tax?
An increase may reflect higher pre-tax earnings or changes in tax legislation, while a decrease might indicate tax credits, lower earnings, or favorable jurisdictional shifts.
How does income tax compare across companies?
Varies significantly based on the company's geographic footprint, tax jurisdiction, and available tax incentives or credits.