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Leonardo DRS, Inc. DRS Operating Income

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Segments

By segment

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ASC$40M+60.0%
IMS$37M+8.8%

Other financials

Income statement

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Revenue$846.0M+5.9%
Gross profit$212.0M+17.1%
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:OperatingIncomeLoss.

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 operating income?
Leonardo DRS, Inc. (DRS) reported operating income of $77M in Q1 2026.
How has Leonardo DRS, Inc.'s operating income changed year-over-year?
Leonardo DRS, Inc.'s operating income increased by 30.5% year-over-year, from $59M to $77M.
What is the long-term trend for Leonardo DRS, Inc.'s operating income?
Over 4 years (2021 to 2025), Leonardo DRS, Inc.'s operating income has grown at a 10.2% compound annual growth rate (CAGR), from $236M to $348M.
What does operating income mean?
The profit earned from core business operations before interest and taxes.
How do you interpret operating income?
An increase indicates improved operational efficiency and profitability, while a decrease signals rising costs or declining revenue performance.
How does operating income compare across companies?
A standard benchmark for operational performance across all public companies; critical for comparing profitability between defense contractors.