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Leonardo DRS, Inc. DRS Pension Expense

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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:IncreaseDecreaseInPensionAndPostretirementObligations.

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, 2026Three Months Ended March 31, 2025
Prepaid expenses(1)(1)
Other current assets414
Other noncurrent assets46
Defined benefit obligations(3)(5)
Accounts payable(152)(126)
Contract liabilities5568
Other current liabilities(3)(32)
Other noncurrent liabilities(7)(6)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Leonardo DRS, Inc.'s pension expense?
Leonardo DRS, Inc. (DRS) reported pension expense of -$3M in Q1 2026.
How has Leonardo DRS, Inc.'s pension expense changed year-over-year?
Leonardo DRS, Inc.'s pension expense increased by 40.0% year-over-year, from -$5M to -$3M.
What is the long-term trend for Leonardo DRS, Inc.'s pension expense?
Over 2 years (2022 to 2025), Leonardo DRS, Inc.'s pension expense has grown at a 58.1% compound annual growth rate (CAGR), from -$4M to -$10M.
What does pension expense mean?
Non-cash pension and postretirement benefit expense that exceeds or falls short of cash contributions to the plans.

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