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DRS (Leonardo DRS, Inc.) Stock Financials & Earnings | Market Cap Arena
DRS
Leonardo DRS, Inc.
Mkt Cap
$12B
Industrials
·
Aerospace & Defense
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$3.6B
Net Income (TTM)
$278M
EPS (TTM)
$1.04
Free Cash Flow (TTM)
$227M
Gross Margin
23.7%
Op. Margin
9.5%
Net Margin
7.6%
FCF Margin
6.2%
P/S Ratio (TTM)
3.4x
P/E Ratio (TTM)
44.7x
YoY Rev Growth
+12.8%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$569M
$131M
$25M
Q2 23
$628M
$145M
$42M
Q3 23
$703M
$162M
$59M
Q4 23
$926M
$210M
$105M
Q1 24
$688M
$153M
$43M
Q2 24
$753M
$169M
$55M
Q3 24
$812M
$179M
$75M
Q4 24
$981M
$235M
$120M
Q1 25
$799M
$181M
$59M
Q2 25
$829M
$197M
$70M
Q3 25
$960M
$222M
$93M
Q4 25
$1.1B
$263M
$126M
marketcaparena.com
Revenue Breakdown
DRS
Leonardo DRS, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.7x
32.6x
Q2 23
4.7x
31.8x
Q3 23
4.6x
78.1x
Q4 23
4.4x
73.9x
Q1 24
4.2x
67.1x
Q2 24
4.0x
66.0x
Q3 24
3.9x
62.7x
Q4 24
3.8x
58.3x
Q1 25
3.7x
53.1x
Q2 25
3.6x
49.7x
Q3 25
3.5x
46.9x
Q4 25
3.4x
44.7x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$334M
-$349M
Q2 23
-$12M
-$24M
Q3 23
$36M
$21M
Q4 23
$515M
$497M
Q1 24
-$265M
-$275M
Q2 24
$34M
$0
Q3 24
$59M
$47M
Q4 24
$443M
$414M
Q1 25
-$138M
-$170M
Q2 25
-$28M
-$56M
Q3 25
$107M
$77M
Q4 25
$425M
$376M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$15M
Q2 23
$12M
Q3 23
$15M
Q4 23
$18M
Q1 24
$10M
Q2 24
$34M
Q3 24
$12M
Q4 24
$29M
Q1 25
$32M
Q2 25
$28M
Q3 25
$30M
Q4 25
$49M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-7.0%
-2.2%
Q2 23
+0.2%
+0.2%
Q3 23
+10.9%
+149.6%
Q4 23
+12.9%
+12.0%
Q1 24
+20.9%
+18.6%
Q2 24
+19.9%
+19.1%
Q3 24
+15.5%
+14.4%
Q4 24
+5.9%
+4.9%
Q1 25
+16.1%
+14.7%
Q2 25
+10.1%
+8.7%
Q3 25
+18.2%
+17.6%
Q4 25
+8.1%
+8.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$4M
0.7%
Q2 23
$4M
0.6%
Q3 23
$0
0.0%
Q4 23
$17M
1.8%
Q1 24
$1M
0.1%
Q2 24
$10M
1.3%
Q3 24
$5M
0.6%
Q4 24
$6M
0.6%
Q1 25
$8M
1.0%
Q2 25
$6M
0.7%
Q3 25
$5M
0.5%
Q4 25
$13M
1.2%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$100M
Q2 23
$90M
Q3 23
$96M
Q4 23
$98M
Q1 24
$101M
Q2 24
$107M
Q3 24
$98M
Q4 24
$108M
Q1 25
$117M
Q2 25
$121M
Q3 25
$123M
Q4 25
$136M
marketcaparena.com
Revenue Segments
Product
Service
Quarter
Product
Service
Q1 23
$520M
$49M
Q2 23
$590M
$38M
Q3 23
$651M
$52M
Q4 23
$870M
$56M
Q1 24
$623M
$65M
Q2 24
$731M
$22M
Q3 24
$762M
$50M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$174M
$0
$174M
Q2 23
$35M
$0
$35M
Q3 23
$47M
$0
$47M
Q4 23
$467M
$0
$467M
Q1 24
$160M
$0
$160M
Q2 24
$149M
$0
$149M
Q3 24
$198M
$0
$198M
Q4 24
$598M
$0
$598M
Q1 25
$380M
$0
$380M
Q2 25
$278M
$0
$278M
Q3 25
$309M
$0
$309M
Q4 25
$647M
$0
$647M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
262M
+14.4%
Q2 23
264M
+0.8%
Q3 23
265M
+0.4%
Q4 23
266M
+0.3%
Q1 24
266M
+0.3%
Q2 24
267M
+0.2%
Q3 24
268M
+0.4%
Q4 24
268M
+0.0%
Q1 25
269M
+0.3%
Q2 25
269M
+0.0%
Q3 25
269M
+0.0%
Q4 25
269M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 05
—
—
FY 06
—
—
FY 07
—
—
FY 18
—
—
FY 19
—
—
FY 20
—
—
FY 21
—
—
FY 22
$421K
6K
FY 23
$428K
7K
FY 24
$462K
7K
FY 25
$521K
7K
marketcaparena.com